Major Sublease shall have the meaning set forth in subsection 49.1.1.

Major Sublease means any of a Major Ground Floor/BSC Sublease, Major Full Term Sublease or Major Partial Term Sublease.

Major Sublease means a sublease of 50% or more of the Usable Square Footage of the Premises.

Examples of Major Sublease in a sentence

The provisions of Sections 4.6 through 4.8 hereof shall apply to all transfers of beneficial interests in this Lease or a Major Sublease which constitute a Change of Ownership, unless such transfers are otherwise excluded pursuant to this Lease.
Except as otherwise provided herein, an interest in Lessee, this Lease or a Major Sublease held or owned by a partnership, limited liability company, corporation or other entity shall be treated as owned by the partners, members, shareholders or other equity holders of such entity in proportion to their respective equity interests, determined by reference to the relative values of the interests of all partners, members, shareholders or other equity holders in such entity.
These same limitations and approval requirements as to Lessee’s interest under the Lease shall also apply with respect to the Sublessee’s interest under a Major Sublease.
Lessor shall have the right to approve in advance any Major Sublease.
Lessee shall enter into a Major Sublease only with a reputable owner or manager of comparable retail, office and restaurant facilities such as exist on the Premises.

More Definitions of Major Sublease

Major Sublease. Any sublease of a portion of the Leased Property which (i) is a Restaurant sublease or other retail sublease important to the successful operation of the Hotel (other than leases of gift shop space or to a service provider, such as a lease to an airline ticket agent or to an overnight courier), (ii), individually (or in the aggregate with all other such non-Restaurant subleases) generates two percent (2%) or more of the Gross Revenues of the Hotel, or (iii) the loss of which could reasonably be expected to cause a material adverse change in the Hotel or Lessee's business at the Hotel.

Major Sublease means any sublease having a term (including renewal options) of 6 years or more or providing for a fixed subrent at the rate of $50,000 or more per annum during any year of the term thereof. For purposes of this definition, any two or more subleases with the same person, as subtenant, shall be deemed to be a single sublease providing for a fixed subrent at the aggregate rate per annum specified in such leases;

Major Sublease shall have the meaning set forth in Section

Major Sublease means a sublease of all of the Premises for all of the Term (less one day), provided that the sublease requires the sublessee to perform all of Tenant's obligations hereunder, subject to Section 3.8, grants to the sublandlord all of Landlord's rights hereunder other than pursuant to Section 15.1(c) (which shall not apply to the Major Sublease) and that the sublessee shall not be obligated to enter into, assume or otherwise be liable for obligations under any Tenant Guaranty.

Major Sublease means a lease, or an amendment or modification of any -------------- Sublease, to be entered into after the date of this Lease which (i) requires the consent of a Senior Lender, or (ii) covers an area of twenty-five thousand rentable square feet or more (including, for purposes of determining whether a lease or an amendment or modification of any Sublease is a Major Sublease, any area covered by options) in one or more of the Properties.

Major Sublease has the meaning set forth in Section 5.12(A). --------------

Major Sublease means a sublease, between Tenant, as sublessor, and a third party, as sublessee, which: