Approved Sublease definition

Approved Sublease. Any sublease of the Property approved by the Master Tenant.
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Approved Sublease means the Aircraft Sublease made and entered into as of the 24th day of May, 2005 by and between World Travel and Las Vegas Jet, LLC (the "Aircraft Sublease"), or any other lease between World Travel, or any Affiliate of World Travel, substantially in the form of the Aircraft Sublease.
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Approved Sublease means a sublease approved by the Landlord and, subject to any variations agreed by the Landlord in its absolute discretion: granted without any premium being received by the Tenant; reserving a market rent, taking into account the terms of the subletting; [for a term of not less than [Insert number] years calculated from the date of entry under the Sublease;] containing provisions: requiring the Subtenant to pay the whole or, in the case of a Sublease of a Permitted Part, a due proportion, of the Insurance Costs and other sums (excluding the Rent) payable by the Tenant under this Lease; for rent review at [five yearly] intervals and otherwise on the same terms as in ‎Part 3 of the Schedule;87 and for change of use and alterations corresponding to those in this Lease; in the case of a Sublease of a Permitted Part, containing provisions requiring the Subtenant to pay by way of a yearly service charge a fair and reasonable proportion of the costs incurred by the Tenant in providing all services to the Premises that would be usual on a subletting of part, including the payment of quarterly advance payments and a balancing payment at the end of each service charge year; containing an obligation on the Subtenant not to assign the Subtenant's right to the whole of the Sublet Premises without the prior written consent88 of the Landlord and the Tenant on terms corresponding to those in this Lease and an obligation not to assign the Subtenant's right to part only of the Sublet Premises; [containing an obligation on the Subtenant not to enter into any Sub-underlease of the whole or any part of the Sublet Premises] OR [containing an obligation on the Subtenant not to enter into any Sub-underlease of the whole of the Sublet Premises without the prior written consent of the Landlord and the Tenant and an obligation on the Subtenant not to enter into any Sub-underlease of any part of the Sublet Premises] OR [containing an obligation on the Subtenant not to enter into any Sub-underlease of the whole or any part of the Sublet Premises without the prior written consent of the Landlord and the Tenant];89 [containing provisions requiring any Sub-underlease to contain: obligations by the Sub-undertenant not to assign the Sub-undertenant's right to the whole of the premises let under the Sub-underlease without the prior written consent of the Landlord, the Tenant and the Subtenant and an obligation not to assign the Sub-undertenant's right to part only of the premises let under...
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Examples of Approved Sublease in a sentence

  • In the event that an Approved Sublease expires or terminates, the City’s obligation to pay the District’s Revenue Share for such sublease shall automatically terminate upon the date of such expiration or termination.

  • In the event the District provides express prior written consent to any such sublease (each an “Approved Sublease”), the City shall pay to District fifty percent (50%) of any revenues obtained by the City pursuant to each Approved Sublease entered into by the City subsequent to the Effective Date of this Agreement (the “District’s Revenue Share”).

  • Section 1.01 of this Lease, in order to evidence (i) the Master Landlord’s consent to Landlord and Tenant entering into this Lease, (ii) Subordinate Landlord and Approved Subtenant entering into the Approved Sublease, and (iii) for the additional limited purpose of agreeing to perform the obligations of Master Landlord set forth in Sections 2.04 and 2.05 of this Lease.

  • Manager EXECUTED by the undersigned on the Lease Execution Date set forth in Section 1.01 of this Lease, in order to evidence the parties’ agreement that (1) the Approved Sublease between the undersigned as Subordinate Landlord and Approved Subtenant that is described in.

  • The initial payment of the District’s Revenue Share, as well as a copy of each fully executed Approved Sublease, shall be due to the District within thirty (30) calendar days of actual receipt by the City of the first payment to the City under any Approved Sublease for these purposes.


More Definitions of Approved Sublease

Approved Sublease shall have the meaning set forth in Section 10.5(e).
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Approved Sublease means any lease or sublease of all or any portion of the Wacker Space which either (i) has been approved in writinx xx xhe Mezzanine Lender and the Senior Agent, or (ii) meets all of the following criteria:
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Approved Sublease. Those certain subleases for the Premises by and between Tenant and each Subtenant, the form of which is attached hereto as Exhibit D.
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Approved Sublease a sublease by a Major Tenant of up to 15% of the Property on fair market terms for a term of not less than 3 years.
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Approved Sublease means a sublease of all or part of the Premises or the Improvements made by Tenant to a subtenant, which sublease and all amendments thereto shall have been submitted to and approved in writing by Landlord, which approval shall not be unreasonably withheld or delayed provided (a) the sublease complies with all conditions of paragraph (e) of Section 14.01 hereof and (b) the rent is commercially reasonable and (c) no additional obligations are imposed on the Landlord and (d) there is no reduction of the Tenant's or subtenant's obligations.
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Approved Sublease means any sublease entered into by the Lessee with respect to any Property or portion thereof if either (i) such sublease satisfies the Non-Disturbance Criteria or (ii) the rent under the sublease, the tenant improvement allowances thereunder and the other material economic and non-economic terms of such sublease were approved in writing by the Lessor; it being understood that it shall be in the Lessor's sole discretion as to whether it shall approve the material terms of any sublease.
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Related to Approved Sublease

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

  • Permitted Sublessee means the sublessee under a Permitted Sublease.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Master Lease means that certain [Master Lease title], relating to the leasing of, inter alia, the Healthcare Facility by Borrower to Master Tenant.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Major Lease shall have the meaning assigned to such term in the Mortgage Loan Agreement.

  • Sublessor means one who conveys real property by sublease."

  • Superior Lease means the document which sets out the obligations your Landlord has made to their Superior Landlord. The promises contained in this Superior Lease will bind the Tenant if they have prior knowledge of those promises.

  • Subleases means the Sublease(s) of even date herewith by and between the District and Contractor together with any duly authorized and executed amendment hereto under which the District subleases the Site from the Contractor.

  • Subleased Premises means such portions of the Leased Premises being particularly identified on Schedule B, which the parties agree, for the purposes of this Sublease and any square footage calculations pursuant hereto, is approximately 42,244 square feet of office (21,068 square feet on the third floor and 21,176 square feet on the seventh floor) and approximately 9.4312% of common space (building rentable area is 447,917 square feet).

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Superior Landlord means and includes people or persons to whom the ownership or interest in the Leasehold Property might revert in the fullness of time.

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • Leased space means individual storage space at a self-service storage facility which is rented to an occupant pursuant to a rental agreement.

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.