Sub-tenant definition

Sub-tenant means the Approved Sub-tenant to whom the Tenant grants a Sub-lease[;

Sub-tenant means a tenant (below the immediate tenant) of any of the premises comprised in the headlease (and “sub-lease” is to be read accordingly);

Sub-tenant means a person who leases property from a tenant.

Examples of Sub-tenant in a sentence

• Notwithstanding, Guizhou Shenqi Enterprise and Tenant A, its associate, are not regarded as connected persons of the Company pursuant to Rule 14A.09 of the Listing Rules as the Sub-Tenant is an insignificant subsidiary of the Company.

• As at the date of this announcement, Tenant A is indirectly wholly-owned by Guizhou Shenqi Enterprise, which is a substantial shareholder holding 40% equity interest in the Sub-Tenant.

• The Sub-Tenant is an indirect non-wholly-owned subsidiary of the Company principally engaged in the business of operation of department stores.

• The Board is pleased to announce that on 29 March 2024, the Sub-Tenant, Tenant A and Tenant B entered into the Tenancy Agreement in respect of the sub-lease of the Property, with the consent of the landlords of the Property.

• As the total assets, profits and revenue of the Sub-Tenant compared to that of the Group was less than 5% under the applicable percentage ratios for the financial year ended 31 December 2023, the Sub-Tenant is an insignificant subsidiary of the Company for the purpose of Rule 14A.09(1) of the Listing Rules.

More Definitions of Sub-tenant

Sub-tenant means a person to whom the tenant sublets whole or part of the premises held by him or transfers or assigns his rights accrued under the tenancy agreement or any part thereof upon entering into a supplementary agreement to the existing tenancy agreement;

Sub-tenant means a person who occupies a premises or a portion of the premises previously occupied by a tenant which has been sublet to the sub-tenant by virtue of the written consent of the landlord;

Sub-tenant means a person or household who holds a valid Subtenant Agreement.

Sub-tenant means a person who holds land from the tenant thereof, or from a rent-free grantee, or from a grantee at a favourable rate of rent, and by whom rent is, or, but for a contract express or implied, would be, payable;

Sub-tenant means a tenant –

Sub-tenant means any person or persons (if applicable) with whom the Tenant enters into a sub-tenancy in accordance with the User and clause 3.8 of this Agreement.

Sub-tenant means a person in any part of the State by whatever name designated who holds land from the tenant thereofincluding a Malik or a tenant from a land owner and by whom rent is or but for a contract express or implied would be, payable;