PROVISIONS OF THE MASTER LEASE Clause Samples

The "Provisions of the Master Lease" clause establishes that the terms and conditions set forth in a primary or overarching lease agreement (the Master Lease) will also apply to a related sublease or ancillary agreement. In practice, this means that the rights, obligations, and restrictions binding the original parties to the Master Lease are extended to the parties of the sublease, except where specifically modified or excluded. This clause ensures consistency and continuity between the main lease and any subordinate agreements, preventing conflicts and clarifying that the sublease is subject to the same foundational rules as the original lease.
PROVISIONS OF THE MASTER LEASE. (a) This Sublease is in all respects subject to the terms and conditions of the Master Lease. Except as otherwise provided in this Sublease, the terms, provisions, covenants, stipulations, conditions, rights, obligations, remedies and agreements contained in the Master Lease are incorporated in this Sublease by reference and are made a part hereof as if herein set forth at length and each and every provision, term, condition and covenant of the Master Lease binding upon or inuring to the benefit of Landlord thereunder shall, in respect of this Sublease, bind or inure to the benefit of Sublandlord against Subtenant, and each provision of the Master Lease binding upon or inuring to the benefit of Sublandlord, as tenant thereunder shall, in respect of this Sublease, bind or inure to the benefit of Subtenant against Sublandlord, with the same force and effect as though those provisions were completely set forth in this document. For the purpose of incorporation by reference of provisions of the Master Lease into this Sublease, the words “Lessor” or “Landlord” or “Owner” (whether or not capitalized) wherever used in the Master Lease, shall be construed to mean “Sublandlord” and the words “Lessee” or “Tenant” (whether or not capitalized) wherever used in the Master Lease shall be construed to mean “Subtenant”, and the words “Premises” or “Demised Premises” (whether or not capitalized), or words of similar import, wherever used in the Master Lease, shall be construed to mean “Premises” as defined in this Sublease, the words “Agreement”, “lease”, “Lease”, or words of similar import, wherever they appear in the Master Lease, shall be construed to mean this Sublease, the word “rent” and words of similar import, wherever used in the Master Lease, shall be construed to mean the Rent payable under this Sublease, the words “term”, “Commencement Date” and “Expiration Date”, or words of similar import, wherever used in the Master Lease, shall be construed to mean, respectively, the term of this Sublease and the dates set for the beginning and the end of the term of this Sublease, and the words “sublease”, “sublet” or “subtenant”, or words of similar import, wherever used in the Master Lease, shall be construed to refer to sub-subleases, sub-sublettings and sub-subtenants, respectively, and any prohibitions on assignment of the Master Lease by Sublandlord, as tenant under the Master Lease, shall be deemed to prohibit Subtenant from assigning this Sublease. To the maximum e...
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PROVISIONS OF THE MASTER LEASE. (a) Except as otherwise provided in this Sublease, this Sublease is in all respects subject to the terms and conditions of the Master Lease. Except as otherwise provided in this Sublease, the terms, provisions, covenants, stipulations, conditions, rights, obligations, remedies and agreements contained in the Master Lease are incorporated in this Sublease by reference and are
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PROVISIONS OF THE MASTER LEASE. (a) Notwithstanding anything to the contrary contained in this Sublease: (i) Subtenant shall indemnify, defend, protect and hold harmless Sublandlord and its agents, employees, directors and officers pursuant to the indemnity provisions of the Master Lease, provided that Subtenant does not indemnify Sublandlord for Sublandlord’s gross negligence or willful misconduct; (ii) Sublandlord does not assume, and is not assuming, any of the obligations of Master Landlord under the Master Lease (including the indemnification, compliance with laws, and maintenance obligations); provided, however, that Sublandlord shall continue to perform all of “Lessee’s” obligations under the Master Lease to the extent those obligations are not made the obligations of Subtenant pursuant to the provisions of this Sublease and shall otherwise comply with the provisions of Section 7(c) hereof; and (iii) The right of entry of Master Landlord under the Master Lease shall be the right of each of Master Landlord and Sublandlord. (b) References to “Lessor” in Section 2.02, the first five sentences of Section 6.01.b, Sections 6.02, 6.05, the first sentence of Section 7.01, and Sections 7.03, 8.01.a, 13.01, 13.02, 16.01, 17.13, and 17.19 of the Master Lease shall mean only Master Landlord. In addition, (i) the phrase “It is the intention of the parties hereto that this Lease shall not be terminable for any reason by Lessee” at the beginning of the third sentence of Section 4.04 shall not be deemed to terminate or otherwise modify Subtenant’s termination rights set forth in this Sublease, and (ii) the reference to “Lessor” in the third sentence of Section 9.01 shall mean both Sublandlord and Master Landlord. With respect to the waiver of subrogation contained in the Master Lease, such waiver shall, subject to the written approval of Master Landlord, be deemed to be modified to constitute an agreement by and among Master Landlord, Sublandlord and Subtenant. The waivers and limitations of liability set forth in Section 7.07(c) of the Master Lease shall be mutual as between Sublandlord and Subtenant.
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Related to PROVISIONS OF THE MASTER LEASE

  • Provisions of the Plan This option is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this option.

  • Amendments of the Agreement This Agreement may be amended by a writing signed by both parties hereto, provided that no amendment to this Agreement shall be effective until approved (i) by the vote of a majority of those Trustees of the Trust who are not interested persons of the Adviser or the Trust cast in person at a meeting called for the purpose of voting on such approval, and (ii) by vote of a majority of the outstanding voting securities of the Trust.

  • STANDARD TERMS AND CONDITIONS OF TRUST Subject to the provisions of Part II hereof, all the provisions contained in the Standard Terms and Conditions of Trust are herein incorporated by reference in their entirety and shall be deemed to be a part of this instrument as fully and to the same extent as though said provisions had been set forth in full in this instrument.

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to: 1. The Bonds listed in the Schedule hereto have been deposited in trust under this Trust Agreement. 2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust. 3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust.

  • of the Standard Terms and Conditions of Trust The Portfolio Supervisor may employ one or more sub- Portfolio Supervisors to assist in performing the services set forth in this Section 4.05 and shall not be answerable for the default of any such sub-Portfolio Supervisors if such sub-Portfolio Supervisors shall have been selected with reasonable care, provided, however, that the Portfolio Supervisor will indemnify and hold the Trust harmless from and against any loss occurring as a result of a sub- Portfolio Supervisor's willful misfeasance, reckless disregard, bad faith, or gross negligence in performing supervisory duties. The fees and expenses charged by such sub-Portfolio Supervisors shall be paid by the Portfolio Supervisor out of proceeds received by the Portfolio Supervisor in accordance with Section 4.03 hereof."