Head Lease definition
Examples of Head Lease in a sentence
With respect to any Colocation Sites, each Party that is the owner or lessee (under a Head Lease) of a Colocation Site shall, to the extent not directly provided by the Landlord or other third party, provide or procure all services presently enjoyed by and/or reasonably necessary for the use of the Colocation Site and which are used in common with other premises in the Colocation Site.
In addition, in the event that a Head Lease is terminated prior to the Real Estate Separation Date, (i) the ▇▇▇▇▇ Parties (or its applicable Affiliates), shall not be required to assign, sublease or share such Property, (ii) SpinCo (or its applicable Affiliates), shall not be required to accept an assignment, sublease or sharing of such Property and (iii) none of the Parties shall have any further liability with respect to such Property under this Agreement.