Examples of Third Party Lessor in a sentence
In addition, at such time as Tenant requests estoppel certificates pursuant to this Section in connection with any proposed financing, Tenant may require that Landlord request from any Third Party Lessor or Fee Mortgagee any consents or approvals that Tenant may be required to obtain from such parties in connection with such proposed financing.
In the event that any Property does not constitute a single parcel separate and apart from any other land for the purpose of Real Estate Taxes, Landlord shall use its reasonable best efforts to allocate such Real Estate Taxes on an equitable basis between or among the occupants or users of the parcel that contains such Property, unless such allocation has been made by a Third Party Lessor.
If a Third Party Lessor claims that any default has occurred under any Third Party Lease, Landlord, at the request of and at the sole cost and expense of Tenant, shall timely institute and diligently prosecute any action or proceeding which Tenant, in its reasonable judgment, deems meritorious, in order to contest the existence of such alleged default under such Third Party Lease.
With respect to any Property subject to a Third Party Lease that does not contain a Third Party Lease Renewal Option and expires on or prior to the end of the Initial Term or then applicable Renewal Term, Landlord and Tenant shall each have a non-exclusive right to negotiate a renewal of such Third Party Lease or a direct lease with such Third Party Lessor under such Third Party Lease, as applicable.
Landlord shall request that each Third Party Lessor give prompt Notice to Tenant of all Real Estate Taxes payable by Tenant hereunder for which such Third Party Lessor receives an invoice or other statement.
The term "Third Party Lease" means a lease between a Third Party Lessor, as landlord and Landlord, or an Affiliate and/or Subsidiary of Landlord, as tenant, for any Property.
If Tenant fails to enter into a direct lease with such Third Party Lessor before the date six (6) months prior to the expiration of said Third Party Lease, then each of Landlord and Tenant shall thereafter have a non-exclusive right to negotiate a renewal of such Third Party Lease or a direct lease, as applicable, with such Third Party Lessor without any obligation owed to the other party hereunder.
If the applicable Government grants separate Awards to Landlord and Tenant (a "Separate Award Jurisdiction"), then, notwithstanding anything to the contrary contained in Section 14.5 and subject to the rights of any Third Party Lessor, each of Landlord and Tenant shall in good faith pursue such separate Award and shall be entitled to retain such Award as it may receive from the applicable Government with respect to its interest in the applicable Property.
The term "Personal Property" means all Trade Equipment as well as supplies and inventory, books and records, intangibles, and any and all other items of personal property located at the Premises, except, in all cases, those which are owned by a Third Party Lessor.
Third Party Lessor means the registered proprietor or sub-lessor of land comprising the Committed Area which Agfarm in its discretion is satisfied in not related to and has no association with You or (as applicable) You directors, beneficiaries, guarantors or relatives.