Prime Lease definition

Prime Lease shall have the meaning set forth in Section 3.14(b).

Prime Lease means that certain Lease Agreement dated as of the date hereof between the Mortgage Borrower, as lessor, and SHR Scottsdale Operating Lessee I, L.L.C. and SHR Scottsdale Operating Lessee II, L.L.C., as co-lessees.

Prime Lease means each of the leases described on Schedule 1; all such leases are collectively referred to as the "Prime Leases." The parties may, after the date hereof, designate any other lease as a Prime Lease subject to the terms of this Agreement, by replacing Schedule 1 with a new Schedule 1, which describes such other lease and which is initialed by both parties.

Examples of Prime Lease in a sentence

• During the Term, Subtenant shall pay to Sublandlord an amount equal to $14,000 per month (the "Rent"), at such times as the terms of the Prime Lease specify with respect to the payment of Base Rent (as defined therein), with the understanding that Sublandlord will remit such payments to the Prime Landlord in satisfaction of rental payment obligations under the Prime Lease.

• The Leased Premises are demised hereby subject to all easements, restrictions, agreements of record as of the Effective Date, mortgages and deeds of trust, zoning and building laws, and the terms and provisions of the Prime Lease, including, but not limited to, the provisions of the Prime Lease relating to employment and non-discrimination, which provisions are set forth on Exhibit D to this Lease.

• This Lease shall be subject and subordinated at all times to (a) all underlying leases now existing or which may hereinafter be executed affecting the Building, including but not limited to the Prime Lease, (b) the lien or liens of all mortgages and deeds of trust in any amount or amounts whatsoever now or hereafter placed on the Building or Landlord’s interest or estate therein or on or against such underlying leases and (c) all renewals, modifications, consolidations, replacements and extensions thereof.

• Except as otherwise provided in this Section or elsewhere in this Sublease, all of the terms, covenants, conditions and definitions of the Prime Lease are hereby incorporated in and made part of this Sublease with the same force and effect as though set forth at length herein.

• Notwithstanding the foregoing, Subtenant is not hereby assuming any payment or indemnification obligations of Sublandlord under the Prime Lease and is not hereby agreeing to perform or comply with any of Sublandlord's obligations thereunder, other than the obligation to pay the Rent as provided in Section 2 hereof, and to use the Premises in a manner consistent with Sections 3.1, 3.2, 3.3, 3.4(b), 3.4(c), 3.4(e), 5.1, 13, 14, 15.3, 16.8 and16.10 of the Prime Lease.

More Definitions of Prime Lease

Prime Lease means the Amended and Restated Prime Lease dated as of September 20, 2019, between the Local Government, the School Board and VRA, as modified, altered, amended and supplemented in accordance with its terms and the terms of this Agreement.

Prime Lease has the meaning ascribed to such term in Section 1(g) of this Agreement.

Prime Lease. “Building”, “Premises”, “Subleased Premises”, “Term”, Base Rent”, and Sublessee’s proportionate share of “Additional Rent” shall apply to each Sublessor and Sublessee in accordance with the corresponding material terms set forth in Exhibit S applicable to such parties’ Subleased Premises.

Prime Lease means the lease(s), sublease(s), or other similar prior agreement(s) from which Licensor’s rights in any portion of the Site are derived, and which may contain restrictions on use of the Site.

Prime Lease means the Prime Lease dated as of March 15, 2024, between the Local Government and VRA, as modified, altered, amended and supplemented in accordance with its terms and the terms of this Agreement.

Prime Lease means the Prime Lease dated as of September [ ], 2018, by and between the County and the Authority, including any amendments or supplements thereto.

Prime Lease. 1: Collectively, that certain Commercial Lease dated July 27, 1995, as supplemented by Rider to Lease dated July 27, 1995 (the "Rider to Prime Lease 1"), and as amended by Amendment to Lease #1 dated January 24, 1996 ("Amendment #1 to Prime Lease 1"), Amendment to Lease #2 dated September 10, 1997 ("Amendment #2 to Prime Lease 1"), and Amendment to Lease #3 dated January 12, 1998 ("Amendment #3 to Prime Lease 1") ------------------ *Confidential treatment has been requested for the marked portion.