Primary Lease Sample Clauses
The Primary Lease clause defines the main lease agreement that governs the relationship between the landlord and tenant for a specific property. It typically outlines the essential terms such as the duration of the lease, rent amount, permitted uses, and the rights and obligations of both parties. This clause serves as the foundational document for the tenancy, ensuring that all parties are clear on their commitments and providing a reference point for resolving disputes or interpreting other related agreements.
Primary Lease. A. All the obligations contained in the Primary Lease imposed upon Sublandlord (as tenant therein) except the payment of Monthly Base Rent are hereby imposed upon Subtenant with respect to the Sub-Premises, provided that any duty or obligation therein required to be performed for the benefit of Overlandlord or right therein granted for the benefit of Overlandlord shall be deemed to be for the benefit of Overlandlord and Sublandlord except as specifically set forth to the contrary herein. Subtenant is hereby granted the right to receive all of the services to be provided to Sublandlord under the Primary Lease. Subtenant covenants and agrees to fully and faithfully perform the terms and conditions of the Primary Lease and the Sublease on its part to be performed. Subtenant shall not do or cause to be done or suffer or permit any act to be done which would or might cause the Primary Lease, or the rights of Sublandlord, as lessee, under the Primary Lease, to be endangered, cancelled, terminated, forfeited or surrendered, or which would or might cause Sublandlord to be in default thereunder or liable for any damage, claim or penalty. Subtenant agrees, as an express inducement for Sublandlord's executing this Sublease, that if there is any conflict between the provisions of this Sublease and the provisions of the Primary Lease which would permit Subtenant to do or cause to be done or suffer or permit any act or thing to be done which is prohibited by the Primary Lease, then, the provisions of the Primary Lease shall prevail. If the Primary Lease terminates or is terminated for any reason whatsoever, then this Sublease shall automatically terminate simultaneously therewith. If Subtenant is not in default under the terms and conditions hereof, any such termination shall be without liability between Sublandlord and Subtenant, except such liability theretofore accruing; however, if Subtenant is in default, the default provisions hereof shall control as to Subtenant's liability.
B. Sublandlord shall have no duty to perform any obligations of the Overlandlord and shall under no circumstances be responsible for or liable to Subtenant for any default, failure or delay on the part of the Overlandlord in the performance or observance of any obligations or covenants under the Primary Lease, nor shall such default of the Overlandlord affect this Sublease or waive or defer the performance of any of Subtenant's obligations hereunder except as expressly set forth in the Primar...
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Primary Lease. (a) The terms and conditions of the Primary Lease, to the extent set forth below (and except as may be inconsistent with other provisions of this Sublease) are incorporated by reference for all purposes and Sublessee, by Sublessee’s execution hereof, acknowledges that Sublessor has furnished Sublessee with a copy of the Primary Lease and that Sublessee has examined the Primary Lease and is familiar with the terms thereof. The incorporated provisions of the Primary Lease are Sections 3, 4B, 5, 6, 7, 8, 9, 10, 11, 14, 15, 16, 17, 18, 19, 20, 21, 23, 24 and 26 (except subsections H and S), and subject to the following sentence, with references in said sections to “Landlord” deemed to be “Sublessor”, references to “Tenant” deemed to be “Sublessee” and references to the “Leased Premises” deemed to be “Subleased Premises”. Notwithstanding the foregoing, insofar as Landlord is or may be obligated to furnish any services to the Premises, to repair or rebuild the same, to perform any other act whatsoever with respect to the Premises or to perform any obligation or satisfy any condition under the Primary Lease, Sublessee expressly acknowledges that Sublessor does not undertake the performance or observance of such obligations, but is only obligated to use reasonable efforts to obtain Landlord’s performance for Sublessee’s benefit. Except as otherwise expressly provided in this Sublease, Sublessee agrees to comply in all respects with the terms and conditions of the Primary Lease insofar as the same are applicable to the Subleased Premises.
(b) This Sublease is subject and subordinate to all of the terms, covenants and conditions of the Primary Lease and to all of the rights of Landlord under the Primary Lease. In case of any conflict between the terms of this Sublease and the provisions of the Primary Lease or the Landlord’s Consent to Sublease (as defined below), the provisions of the Primary Lease or the Landlord’s Consent to Sublease, as the case may be, shall prevail.
(c) In any instance in where the Tenant under the Primary Lease is entitled to notice prior to having to perform an obligation under the Primary Lease, Sublessor shall use reasonable efforts to send, or cause to be sent, a similar notice to Sublessee.
(d) Sublessor represents to Sublessee that as of the date of this Sublease and as of the Commencement Date, to Sublessor’s knowledge, neither Sublessor nor the Landlord shall be in default under the Primary Lease.
Primary Lease. It is expressly understood and agreed that if the primary lease between KJZP and Lessor, which governs the Premises and adjacent areas, is terminated, canceled, amended, or for any reason abated as to any portion of the Premises or adjacent areas, such termination, cancellation, amendment, or abatement shall, at Lessor’s option, operate as a cancellation of this Agreement and Lessor shall be relieved of liability for any and all damages Lessee may sustain as a result thereof.
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Primary Lease. (a) The terms and conditions of the Primary Lease are incorporated into this Sublease by reference for all purposes. Subtenant, by Subtenant’s execution of this Sublease, acknowledges that Tenant has furnished Subtenant with a copy of the Primary Lease. Except as otherwise expressly provided in this Sublease, Subtenant agrees to comply in all respects with the terms and conditions of the Primary Lease insofar as the same are applicable to the Tenant with respect to the Subleased Premises.
(b) As between Tenant and Subtenant, (x) Tenant shall be entitled to all of the rights and remedies reserved by and granted to the landlord in the Primary Lease and (y) Subtenant shall be entitled to all of the rights and remedies reserved by and granted to the Tenant in the Primary Lease, in each case, as if Tenant was the “Landlord” under the Primary Lease and Subtenant was the “Tenant” under the Primary Lease; provided, however, that Tenant may exercise only such rights and remedies reserved by and granted to the Landlord if and to the extent the Landlord exercises such rights and remedies under the Primary Lease. Such rights and remedies are incorporated into this Sublease by reference for all purposes.
(c) This Sublease is subject and subordinate to all of the terms, covenants and conditions of the Primary Lease and to all of the rights of the Landlord under the Primary Lease. If the Primary Lease terminates for any reason prior to the expiration or termination of this Sublease, this Sublease shall terminate concurrently with the termination of the Primary Lease and neither party shall have any claim whatsoever against the other party arising or resulting from such termination of the Primary Lease.
Primary Lease. The Primary Lease is in full force and effect; no default by Borrower has occurred under the Primary Lease; and there is no existing condition which, but for the passage of time or the giving of notice, would result in a default by Borrower or, to Borrower's knowledge, by Lessee under the terms of the Primary Lease. Borr▇▇▇▇'▇ ▇nterest in the Property is assignable to Lender without the consent of, or notice to, Lessee.
Primary Lease a) Sublessor agrees to perform its obligations under the Primary Lease, provided that Sublessee will have no recourse against Sublessor for Sublessor's failure to perform if and for so long as Sublessee is itself in default under the Sublease.
b) Sublessor agrees to use its best efforts to cause the Landlord to perform its obligations under the Primary Lease, including without limitation Landlord's obligations to provide the building services it has agreed to provide under the Primary Lease.
c) Sublessee will not take any action or omit taking any action that would cause Sublessor to be in default under the Primary Lease.
Primary Lease. Tenant recognizes that by a Primary Lease Agreement between the owner of the Building and Landlord, dated November 15, 1994, Landlord, ALLIANCE Greensboro, L.P., doing business as ALLIANCE Business Centers, leased the Executive Suite. This Agreement is subject to the Primary Lease Agreement.
Primary Lease. As set forth and limited by this Sublease, Sublessee is to perform Sublessor’s obligations under the Primary Lease.