Overlease definition
Examples of Overlease in a sentence
Subtenant agrees to be bound, for all purposes of this Sublease, by any modifications or amendments to the Overlease.
Subtenant recognizes that Sublandlord is not in a positio▇ ▇▇▇ ▇▇▇ll not be required to render any of the services or utilities, to make repairs, replacements, restorations, alterations or improvements or to perform any of the obligations required of Overlandlord by the terms of the Overlease.
In any case where the consent or approval of Overlandlord shall be required pursuant to the Overlease, Sublandlord's consent shall also be required hereunder.
Subtenant covenants that Subtenant shall not do any act, matter or thing which will be, result in, or constitute a violation or breach of or a default under the Overlease; it being expressly agreed to by Subtenant that any such v▇▇▇▇▇▇▇▇, breach or default shall constitute a material breach by Subtenant of a substantial obligation under this Sublease.
Except as herein otherwise expressly provided, all of the terms, provisions, covenants and conditions contained in the Overlease are hereby made a part hereof.
Sublessee will use and occupy the Demised Premises solely for general office purposes and in accordance with the use pern1itted under the Overlease and the applicable zoning regulations.
It is specifically acknowledged that (i) none of ▇▇▇ ▇▇▇▇▇s of the tenant under the Overlease shall inure to the benefit of the Subtenant excep▇ ▇▇ ▇▇▇ extent expressly set forth in this Sublease and (ii) all of the rights of the landlord under the Overlease shall inure to the benefit of Sublandlord.
The consent by Sublessor or Overlandlord to an assignment or underletting shall not in any way be construed to relieve Sublessee from obtaining the express consent in writing of Sublessor and Overlandlord (as required by the Overlease) to any further assignment or underletting.
During the term of this Sublease, Sublessee shall maintain in full force and effect the comprehensive public liability insurance required by the Overlease, except that such policy shall be in a combined ▇▇▇▇▇▇ limit of $2,000,000.
Subtenant shall, promptly upon receipt thereof, notify ▇▇▇▇▇▇▇▇▇rd of any notice served by Overlandlord upon Subtenant under any of the provisions of the Overlease or with reference to the Sublease Premises.