Permitted Sublease definition

Permitted Sublease means a sublease permitted under Section 7.2.7 of the Lease.

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Permitted Sublease shall have the meaning specified in Section 6(a)(iii)(1).

Permitted Sublease means each (a) Existing Equipment Sublease (including any renewal or extension thereof to the extent such renewal or extension complies with clauses (i), (iii), (iv), (v), (vi), (vii) and (viii) below) and (b) a sublease, car contract or other agreement granting permission for the use of a Unit, which sublease, car contract or other agreement meets all of the following requirements:

Examples of Permitted Sublease in a sentence

• This Agreement and all obligations of Grantor and Secured Party hereunder shall be binding upon the successors and assigns of Grantor and Secured Party, as applicable, and shall, together with the rights and remedies of Secured Party hereunder, inure to the benefit of Secured Party, the Lenders or the Administrative Agent and their respective successors and assigns.

• In addition, in the ordinary course of maintenance, service, repair, overhaul or testing, Lessee (or, if a Permitted Sublease is in effect, a Permitted Sublessee) may at its own cost and expense remove any Parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use, provided that Lessee (or, if a Permitted Sublease is in effect, a Permitted Sublessee) shall replace at its own cost and expense such Parts as promptly as possible.

• No Permitted Sublease shall in any way discharge or diminish any of Lessee's obligations to Lessor hereunder or under the other Operative Documents or constitute a waiver of Lessor's rights or remedies hereunder or under the other Operative Documents, and such rights shall continue as if such Permitted Sublease had not occurred.

• Renewals of any Permitted Sublease shall be deemed to be a new Sublease for purposes of this Section 17.1(b) and shall not constitute a Permitted Sublease unless such renewal otherwise qualifies as a Permitted Sublease at the time of such renewal.

• In addition, from and after the occurrence and continuance of an Event of Default, all rent and other amounts payable by the Permitted Sublessee under such Permitted Sublease shall be paid directly to Indenture Trustee and, upon discharge of the Lien of the Indenture, to Lessor.

More Definitions of Permitted Sublease

Permitted Sublease has the meaning in Section 17.1(b).

Permitted Sublease means a Sublease which is either (i) a Sublease with a Permitted Lessee Transferee so long as within ten (10) Business Days after Lessee’s entering into any such Sublease with a Permitted Lessee Transferee, Lessee shall provide Lessor with a copy of the executed sublease agreement, or (ii) any other Sublease approved in writing by Lessor. Lessee shall not enter into any Sublease other than a Permitted Sublease, and any Sublease other than a Permitted Sublease shall be null and void ab initio. Renewals of any Permitted Sublease shall be deemed to be a new Sublease for purposes of this Section 17.1(b) and shall not constitute a Permitted Sublease unless such renewal otherwise qualifies as a Permitted Sublease at the time of such renewal.

Permitted Sublease means any sublease of the Aircraft to a Permitted Sublessee permitted under the terms and subject to the conditions of this Lease.

Permitted Sublease means a sublease or sub-sublease permitted under Section 7.2.7 of the Lease.

Permitted Sublease means a sublease of the Aircraft described in Section 13.2.

Permitted Sublease. As defined in Section 9.2(a).

Permitted Sublease means any sublease by Tenant to a user who will occupy and use some or all of the Premises, so long as Tenant remains the tenant and obligated under this Agreement and the term of the sublease is for a shorter period than the Term of this Agreement and consistent with this Agreement.