Operating Subleases definition

Operating Subleases. As defined in the Recitals.
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Operating Subleases means the five (5) sublease agreements between Tenant, as sublandlord, and each of the Operating Subtenants (defined below). Each Operating Sublease shall be substantially similar to the Master Lease in form and substance, and shall be acceptable to Buyer in its reasonable discretion.
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Operating Subleases means and refer to the Rockdale Sublease, the Sea Breeze Sublease, the Buckhead Sublease, the Shreveport Sublease, the ▇▇▇▇ Minor Sublease, the Westminster Sublease, the Parkway Sublease, the Millington Sublease, the Riverside Sublease and the New London Sublease (once executed); and
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Examples of Operating Subleases in a sentence

  • Except during periods when a Property is untenantable due to Casualty or Condemnation (and provided that Lessee continues to strictly comply with the other terms and conditions of this Lease), and except for the Operating Subleases (defined in Section 14.04 below), Lessee shall at all times during the Lease Term occupy the Properties and shall diligently operate its business on the Properties.

  • Simultaneously with the execution of this Lease, Tenant shall execute each of the Operating Subleases, and shall cause the Operating Subtenants to execute and deliver the Operating Subleases.

  • The Authority acknowledges the terms of the Ground Lease, the Site Lease and the Facility Lease, as amended in connection with the issuance of the 2017 Bonds and agrees that the OES Sublease and the Operating Subleases are and shall remain in all respects subordinate and subject to the Ground Lease, the Site Lease and the Facility Lease as amended from time to time without the need for any further acknowledgement or consent by the Authority.

  • The parties hereby acknowledge that the structure created by the Master Lease and the Operating Subleases is not intended to limit the rights granted to or expressly or implicitly reserved by Landlord under this Lease.

  • Lessee further agrees to execute any and all other instruments deemed reasonably necessary by Lessor to further the intent of the foregoing assignment and to vest Lessor in the Operating Subleases.

  • Simultaneously with the execution of this Master Lease, Tenant shall execute each of the Operating Subleases, and shall cause the Operating Subtenants to execute and deliver the Operating Subleases.

  • From and after the occurrence of an Event of Default, Lessee does hereby irrevocably appoint Lessor as Lessee’s true and lawful attorney, with full power (in the name of Lessee or otherwise) to ask, require, demand, receive and give 4851-8930-3408.5 STORE / Ampco Master Lease Agreement 4 Properties in PA and IN File No.: 7210/02-637 acquittance for every payment under or arising out of the Operating Subleases to which Lessee is or may become entitled.

  • The parties hereby acknowledge that the structure created by the Lease and the Operating Subleases is not intended to limit the rights granted to or expressly or implicitly reserved by Landlord under this Lease.

  • From and after the occurrence of an Event of Default, ▇▇▇▇▇▇ does hereby irrevocably appoint Lessor as ▇▇▇▇▇▇’s true and lawful attorney, with full power (in the name of Lessee or otherwise) to ask, require, demand, receive and give acquittance for every payment under or arising out of the Operating Subleases to which Lessee is or may become entitled.

  • Section 1.3 Title to the Premises shall be subject to those existing recorded documents encumbering the Premises which are listed as “Permitted Exceptions” on Schedule A‑1 through Schedule A‑8 (collectively, the “Permitted Exceptions”), and Tenant agrees that its use and occupancy of the Premises, and each of the Operating Subleases, shall be subject to the terms and conditions of said Permitted Exceptions.


More Definitions of Operating Subleases

Operating Subleases means the four (4) sublease agreements between Tenant, as sublandlord, and Landmark CG, Landmark Joplin, Landmark Columbia and Landmark Athens, respectively, as subtenant. Each Operating Sublease shall be substantially in the form attached to this Agreement as Schedule 10(l), with deviations from said form requiring the consent of the parties.
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Related to Operating Subleases

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Subleases means the Sublease(s) of even date herewith by and between the District and Contractor together with any duly authorized and executed amendment hereto under which the District subleases the Site from the Contractor.

  • Leases means any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy agreements, franchise agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or hereafter entered into, affecting the use or occupancy of all or any portion of any Real Property.

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.