Binding Effect of Master Lease Sample Clauses

Binding Effect of Master Lease. Subtenant agrees, for the benefit of Sublandlord and Master Landlord, to abide by and perform all of the terms and provisions set forth in the Master Lease pertaining to the Sublease Premises, except as otherwise expressly provided by this Sublease. Subtenant shall neither commit nor permit to be committed on the Sublease Premises any act or omission that in any way violates any term or condition of the Master Lease.
Binding Effect of Master Lease. A. Sublandlord represents and warrants that as of the date hereof there is no Event of Default under the Master Lease and as of the Sublease Commencement Date there will be no Event of Default under the Master Lease. The provisions of the Master Lease are hereby incorporated herein by this reference. Except as set forth in this Sublease, Subtenant shall be bound by, and hereby agrees to abide by and perform, all of the terms conditions, covenants and agreements to which Sublandlord is bound in its capacity as tenant under and pursuant to the provisions of the Master Lease. In that connection, except as set forth herein, Subtenant covenants and agrees, commencing as of the Sublease Commencement Date, to perform the undertakings of Sublandlord (as tenant) under the Master Lease, and to refrain from taking any action or suffering any condition to exist which constitutes a violation of the Master Lease. All rights and benefits accruing to Sublandlord in its capacity as tenant under the Master Lease shall extend to Subtenant. In such connection, if circumstances exist under which Sublandlord is entitled to an abatement of Annual Base Rent or other payment obligation in its capacity as the tenant under the Master Lease, then such circumstances shall also result in Subtenant's becoming entitled to an abatement of Base Rent and other payment obligation provided for under this Sublease (such as, for example, abatement of rent arising by reason of an interruption in services or a casualty) . If Subtenant does become entitled to an abatement of Base Rent or other payment obligation under the provisions of the preceding sentence, the amount of such abatement shall be governed by amounts due under this Sublease, not amounts due from Sublandlord under the provisions of the Master Lease. Sublandlord will not exercise any right to terminate the Master Lease, either by reason of a Landlord default, a casualty or otherwise, except with Subtenant's agreement. B. Notwithstanding any provision herein to the contrary, with respect to work, services, utilities, repairs, parking, the operation of equipment, alterations, improvements, repainting and restoration or the performance of other obligations or covenants required of Landlord under the Master Lease, Sublandlord's sole obligation with respect thereto shall be to request the same of Landlord upon request by Subtenant. Subtenant agrees to look solely to Landlord for the furnishing of any such services to which Sublandlord may...

Related to Binding Effect of Master Lease

  • Binding Effect of Agreement This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors, assigns and legal representatives.

  • Binding Effect of Decisions The decision or action of the Plan Administrator with respect to any question arising out of or in connection with the administration, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement.

  • Binding Effect of this Agreement By receiving and accepting a Note, each Holder, Financial Intermediary and Beneficial Owner of such Note unconditionally agrees, without any signature or further manifestation of assent, to be bound by the terms and conditions of this Agreement, as supplemented, modified or amended pursuant to its terms. This Agreement shall be binding upon and inure to the benefit of any successor to ▇▇▇▇▇▇▇ Mac.

  • Binding Effect; Governing Law Except as modified hereby, the Lease shall remain in full effect and this Amendment shall be binding upon Landlord and Tenant and their respective successors and assigns. If any inconsistency exists or arises between the terms of the Lease and the terms of this Amendment, the terms of this Amendment shall prevail. This Amendment shall be governed by the laws of the State in which the Premises are located.

  • Binding Effect of Documents This Agreement has been duly authorized, executed and delivered to Agent and Lenders by each Borrower, is enforceable in accordance with its terms and is in full force and effect.