Subleasehold Estate definition
Examples of Subleasehold Estate in a sentence
Without Landlord’s consent, at any time and from time to time: (a) any Subleasehold Mortgagee may initiate and complete any Foreclosure Event and exercise any other rights and remedies against the Subtenant and the Subleasehold Estate (but not the Fee Estate or the Leasehold Estate) under its Subleasehold Mortgage; and (c) any transferee through a Foreclosure Event, and its successors and assigns, may assign the subject Sublease.
A Foreclosure Event shall impair no estate or right under the Fee Estate or the Leasehold Estate, and shall transfer only the Subleasehold Estate.
In the event any Subleasehold Estate terminates at a time when the Leasehold Estate has terminated, all of the protections afforded to a Leasehold Mortgagee under Section 19 except for those related to a New Lease shall apply to each Subleasehold Mortgagee holding a Subleasehold Mortgage on that Subleasehold Estate, in order of priority.
Subleasehold Estate....................................................
Unless Lender shall otherwise expressly consent in writing, the fee title to the property or any part thereof covered by the Sublease and the Sub-leasehold Estate created thereby shall not merge but shall always remain separate and distinct, notwithstanding the union of said estates either in the landlord or in the tenant thereunder, in Lender or in a third party by purchase or otherwise.
The Meat and Bone Meal prices reflect an upcharge to treat all MBM tons with the specified antioxidant.
Borrower shall not transfer, sell, assign or the Sublease any or all of its Sub-leasehold Estate or other interest in the Premises without the express, written consent of Lender.
In the event that the Subleasehold Estate has terminated and the Leasehold Estate has also terminated (except with the consent of a Subleasehold Mortgagee or because of a Substantial Condemnation relating to the Subleasehold Estate), even if Subleasehold Mortgage failed to timely exercise its cure rights for a default under its Sublease, Landlord shall promptly give Subleasehold Mortgagee a Lease Termination Notice.
The Subleasehold Estate Parcel is part of that shopping center commonly known as the Esplanade Shopping Center ("Shopping Center").
Furthermore, at all times prior to the Lessee‟s date of transfer, there shall be no Leasehold Estate transfer, Lessee transfer of Control or Sub-leasehold Estate transfer.