Head Leases definition
Examples of Head Leases in a sentence
It is further agreed and clarified that should the Sub-Lessee / Allottee becomes a direct lessee under the Lessors to the said Head Leases, then the Sub-Lessee / Allottee shall obtain such renewals directly from the Lessors to the said Head Leases without any further reference to the Sub-Lessor.
A TowerCo has agreed to purchase the Facilities and to take an assignment, novation or transfer of the Operator’s right title and interest in the Head Leases at the Sites from the Operator on the terms set out in the Tower Transfer Agreement.
Sublessee acknowledges that the Head Leases specifically prohibit any sublessee of the Aircraft (including the Sublessee) from transferring possession of or any other rights to the Aircraft or any Engine to any other Person except as permitted by Section 5.2(a).
It is agreed and clarified that the Sub-Lessee / Allottee shall on its own be entitled to apply for and obtain renewals of the sub-lease of the said Unit directly from the Lessors to the said Head Leases, if permissible, and for that the Sub-Lessor shall authorise the Sub-Lessee / Allottee.
In addition, the Head Leases may not be canceled, terminated, surrendered or amended without the prior written consent of Lender, which consent may be withheld in Lender’s sole and absolute discretion.