Underlying Leases Sample Clauses

Underlying Leases. Landlord is the lessee of air rights premises collectively referred to as ▇▇▇▇▇▇ Place, pursuant to that certain Air Rights Lease Agreement (the “Underlying Lease”), made as of June 20, 2011, by and between Landlord, as the tenant thereunder, and the Massachusetts Department of Transportation (“DOT”), as the landlord thereunder. Landlord hereby gives notice to Tenant that it supports the Affirmative Action and Resident Preference goals set forth in Paragraph 6 of Schedule D to the Underlying Lease and in Attachment C to the City of Boston’s Urban Development Action Grant application for ▇▇▇▇▇▇ Place, and encourages Tenant to pursue such goals in Tenant’s own employment practices. In connection with hiring to fill permanent jobs at the Premises, Tenant shall not discriminate against any employee or applicant for employment because of race, color, religious creed, national origin, age or sex. Tenant shall comply to the extent applicable, with Title VII of the U.S. Civil Rights Act and M.G.L. c.151B with respect to employment at the Premises.

Underlying Leases. Landlord is the lessee of the air rights premises within which the Building is constructed pursuant to that certain Sublease (the "Sublease") dated September 1, 1982 by and between a predecessor of Urban Investment and Development Co. ("Urban"), as lessor. Urban is the lessee of said air rights premises and other adjacent air rights premises which collectively are referred to as Copley Place, pursuant to that ce▇▇▇▇▇ Amended and Restated Lease (the "Underlying Lease") dated January 31, 1980 by and between Urban and the Massachusetts Turnpike Authority ("MTA"), as lessor. Landlord hereby gives notice to Tenant that it supports the Affirmative Action and Resident Preference goals set forth on Exhibit G attached hereto, and encourages Tenant, but Tenant is not obligated, to pursue such goals in Tenant's own employment practices. In connection with hiring to fill permanent jobs at the Premises, Tenant shall not discriminate against any employee or applicant for employment because of race, color, religious creed, national origin, age or sex. Tenant shall comply to the extent applicable, with Title VII of the U.S. Civil Rights Act and M.G.L. c.15IB with respect to employment at the Premises.

Underlying Leases. If any such lease is terminated, this Lease (at the option of the lessor under such lease) shall not terminate or be terminable by either Landlord or Tenant by reason of such termination and Tenant shall (if requested to do so) attorn to the lessor under such lease.

Underlying Leases. Seller has delivered to Purchaser a true, ----------------- correct and complete copy of the Ground Lease and the Arizona State University Ground Lease between The Arizona Board of Regents acting for and on behalf of Arizona State University, as landlord, and Lessor, as tenant (the "ABR Lease", dated October 8, 1984, and all amendments thereto (the "Underlying Leases"). (i) Seller has not received any notice of termination or default under the Underlying Leases, (ii) to the best of Seller's knowledge, there are no existing or uncured defaults by any party to the Underlying Leases, (iii) Seller has no direct obligation under the ABR Lease, and (iv) Sellers only obligations under the Ground Lease are to pay (A) rent in the amount of $15,531.00 per month (increasing to $22,728.00 per month on January 1, 2012, and thereafter further increasing as provided therein), which amount is not passed through to the Tenant; (B) a Municipal Service Fee, currently estimated to be $741.56 per month, which amount is passed through to the Tenant; (c) Common Area Maintenance charges, currently estimated to be $3,001.09 per month, which amount is passed through to Tenant, and (d) insurance, the cost of which is passed through to Tenant.

Underlying Leases. Where the Owner does not own the land underneath the Improvements of a particular Property, Manager shall take those steps necessary to ensure that all obligations of Owner relating to the underlying lease are met, including, without limitation the payment of rent.

Underlying Leases. Except as described in Section 8.2 of Seller’s Disclosure Letter, with respect to each lease agreement granting, creating or relating to a Leasehold Interest (each an “Underlying Lease”): (i) such Underlying Lease is legal, valid, binding, enforceable and in full force and effect; (ii) the transactions contemplated by this Agreement will not result in a breach or default under such Underlying Lease, or otherwise cause such Underlying Lease to cease to be legal, valid, binding, enforceable and in full force and effect on identical terms following the Closing; (iii) neither Seller, nor to Seller’s Knowledge, any other party to such Underlying Lease is in breach or default under such Underlying Lease; and (iv) no event has occurred or failed to occur or circumstances exist which, with the delivery of notice, the passage of time or both, would constitute a breach or default under such Underlying Lease or permit the termination, modification or acceleration of rent under such Underlying Lease.

Underlying Leases a. Landlord's Title. Landlord covenants that it holds valid leasehold estates for the Third Party Leases and the Camp Family Parcels, except for the Owned Parcels, which Landlord owns in fee, and that it has the full right to make this Sublease, and that with full compliance with all of its obligations hereunder, Tenant shall have quiet and peaceful enjoyment of the Leased Premises during the term of this Sublease. Landlord further warrants to Tenant that the Camp Family Leases and the Third Party Leases are in full force and effect, that Landlord is not in default thereunder, and that there have been no amendments thereto other than have been provided to Tenant. Landlord further covenants that Landlord will not enter into any modification of the Underlying Leases without first obtaining Tenant's prior written consent, which consent shall not be withheld if such modification does not adversely affect Tenant's rights under this Sublease.