MMR Lease definition
Examples of MMR Lease in a sentence
The Cross-Default Notice is in addition to the notice required under Section 15.1 of this Lease and is in addition to all notices of monetary default required under any other MMR Lease.
Notwithstanding the foregoing, if a Retained MMR Lease contains an expansion and/or renewal option and Landlord, after using commercially reasonable efforts, is unable to convince such Retained MMR Tenant to enter into a MMR Sublease with Tenant, then Landlord may renew and/or expand such Retained MMR Lease in accordance with its terms.
If, despite the party’s exercise of commercially reasonable efforts, the requisite approvals required to effect a transfer of an Existing MMR Lease to Tenant has not been obtained by March 31, 2007, then such Existing MMR Lease (each, a “Retained MMR Lease”) shall be retained by Landlord for the duration of its existing term.
As used herein, the Cross-Defauit Remedy is the right of Landlord to pursue any remedy available to Landlord under Section 15.2 of this Lease and the concurrent right of each other DLR Landlord to pursue any remedy available to such DLR Landlord under its MMR Lease.
Tenant shall not solicit business or display merchandise within the Common Area, or distribute handbills therein, or take any action which would interfere with the rights of other persons to use the Common Area without the prior consent of Landlord and provided that such actions are subject to the terms of the MMR Lease.
The DLR Parties and the telx Parties shall negotiate such MMR Lease, and any deviations therefrom, in good faith.
Landlord shall not issue any approvals, consents or agree to any amendments, modifications, renewals or extensions of any such Retained MMR Lease without Tenant’s prior written consent, which consent may not be unreasonably withheld, but which may be conditioned upon requiring the tenant under such Retained MMR Lease (the “Retained MMR Tenant”) to consent to an assignment or transfer of its Retained MMR Lease from Landlord to Tenant.
Subject to the terms and conditions of the MMR Lease, Tenant is the current operator of the Meet-Me Room.
Additionally, and notwithstanding anything to the contrary contained in this Section 6.1, Tenant may not operate a meet-me room in the Tenant Space (or any other portion of the Building, except as provided under the MMR Lease), provide MMR Services (as defined below) in the Tenant Space (or any other portion of the Building, except as provided under the MMR Lease), allow Permitted Interconnection within the Tenant Space, or refer to the Tenant Space as a meet-me room.
Landlord and each successor to Landlord shall be fully released from the performance of Landlord’s obligations under the Lease Documents and the Operating Agreement insofar as it affects the Building and this Lease (but no other DLR Landlord is released from its obligations under any other MMR Lease or the Operating Agreement) upon their transfer of Landlord’s interest in the Property to a third party provided that Landlord’s transferee assumes all of Landlord’s obligations under the Lease Documents.