Leasehold Premises definition
Examples of Leasehold Premises in a sentence
Note that Mortgagor is permitted to sublease its interest in the Leasehold Premises to Regal (and its successor and/or assigns).
In the event of a condemnation where the Underlying Lease is terminated, the Underlying Lease lessor is entitled to the entire condemnation award relating to the Leasehold Premises, provided, however, Mortgagor may request a separate condemnation award to the extent that such award does not reduce the lessor’s award.
Tenant shall not transfer or assign its interest in the Leasehold Premises without Landlord’s prior written approval, which approval shall not be unreasonably withheld.
The Company has good and marketable title to all of its assets (other than the Leasehold Premises covered by Section 4.7), free and clear of all liens, mortgages, pledges, encumbrances or charges of every kind, nature, and description whatsoever, except those set forth in Section 4.8 of the Disclosure Schedule.
Lessor reserves the right to approve such improvements/modifications subject to Lessee’s agreement to dismantle or otherwise reverse such modifications resulting in restoration of the Leasehold Premises to its condition prior to those improvements/modifications, normal wear and tear excepted.