Over-Lease definition
Examples of Over-Lease in a sentence
It is also subject to any agreement to which the Over-Lease is subject.
Upon receipt of the notice, the Overtenant shall then promptly notify the Landlord and demand that the Over-Lease agreements be carried out.
You, the Undertenant, state that you have read and initialed the Over-Lease and will not violate it in any way.
You, the Undertenant, have no authority to contact or make any agreement with the Landlord about the premises or the Over-Lease.
The Subtenant has no authority to contact or make any agreement with the Landlord about the premises of the Over-Lease.
Notwithstanding the foregoing or anything else in this Lease to the contrary, in the event this Lease is subject to an Over-Lease, the Base Rent rate per leasable square foot of the Premises during each Renewal Term will under no circumstance be any less than the Base Rent rate per leasable square foot payable by Landlord under the Over-Lease during the same period.
The Subtenant has read and initialed the Over-Lease and will not violate it in any way.
Tenant’s interest in this Lease shall be subject and subordinate in all respects to any fee owner, ground or prime lease (including, without limitation, any Over-Lease or master lease agreement resulting from a sale by Landlord of its interest in the Property to a third party and a lease-back of the entire Property by Landlord from such third party) or the lien of any mortgage or deed of trust which may now or hereafter be placed on the Property.
If Sublandlord, Landlord or Master Lessor causes such a default at a time when Subtenant has otherwise fully performed its obligations under this Lease (including, without limitation, its obligation pursuant to this paragraph 7), such default shall not constitute a breach hereof, an event of default hereunder or an Event of Default under the Over-Lease.
Any provisions of the Over-Lease to the contrary notwithstanding (including, without limitation, the provisions of paragraph 3 thereof), Subtenant shall have no option to extend the term of this Sublease Agreement.