Sublease Tenant Limitation Clause Samples
The Sublease Tenant Limitation clause restricts the types of tenants to whom a tenant may sublease the leased premises. Typically, this clause requires the landlord's approval for any subtenant and may prohibit subleasing to certain categories of businesses or individuals, such as competitors or those with poor credit histories. Its core function is to give the landlord control over who occupies the property, thereby protecting the property's value and ensuring that subtenants are suitable and do not pose increased risk.
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Sublease Tenant Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property to any Person in which Lessor owns, directly or indirectly, a ten percent (10%) or more interest, within the meaning of Section 856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Sublease Tenant Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property or any portions thereof to any Person in which ▇▇▇▇▇▇▇▇ Hospitality Trust, Inc. owns, directly or indirectly, a 10% or more interest, within the meaning of Section 856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Sublease Tenant Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not knowingly or intentionally (acting in good faith) sublease any Leased Property or any part thereof to any Person or Entity in which Landlord, Host O.P., or Host REIT owns, directly or indirectly, a ten percent (10%) or greater interest, within the meaning of Section 856(d)(2)(B) of the Code, or any similar or successor provisions thereto. Tenant shall take reasonable precautions in connection with each sublease (including providing Landlord with prompt Notice of the same) to ensure that such sublease will not result in a violation of this Section 22.4.
Sublease Tenant Limitation. 95 22.5 Tenant Ownership Limitation...........................................................................95 ARTICLE 23 MISCELLANEOUS.........................................................................................95 23.1 No Waiver.............................................................................................96
Sublease Tenant Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property to any Person in which FelCor Suite Hotels, Inc. owns, directly or indirectly, a ten percent (10%) or more interest, within the meaning of Section 856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Sublease Tenant Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not, without the prior written approval of the Lessor, sublease the Leased Property to any Person in which Highland Hospitality Corporation owns, directly or indirectly, a ten percent (10%) or greater interest, within the meaning of Section 856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Sublease Tenant Limitation. Anything contained in this Lease to -------------------------- the contrary notwithstanding, Lessee shall not sublease the Leased Property or any part thereof to any person in which ▇▇▇▇▇▇▇ Inns, Inc. owns, directly or indirectly, a 10% or more interest, within the meaning of Section 856(d)(2)(B) of the Code, or any similar or successor provisions thereto. For purposes of this Section, the rules prescribed by Section 318(a) of the Internal Revenue Code of 1986, as amended (the "Code"), shall apply for determining the ownership of stock except that "10 percent" shall be substituted for "50 percent" in subparagraph (C) of Section 318(a)(2) and 318 (a)(3).
Sublease Tenant Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublease the Leased Property to any Person in which Glenborough Realty Trust Incorporated owns, directly or indirectly, a 10% or more interest, within the meaning of Section 856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Sublease Tenant Limitation. Anything contained in this Lease to the contrary notwithstanding, Lessee shall not, without the prior written approval of the Lessor, sublease the Leased Property to any Person in which Eagle Hospitality Properties Trust, Inc. owns, directly or indirectly, a ten percent (10%) or greater interest, within the meaning of Section 856(d)(2)(B) of the Code, or any similar or successor provisions thereto.
Sublease Tenant Limitation. Tenant cannot sublease the property leased to it by Landlord to, or enter into any similar arrangement with, any person in which REIT owns, directly or indirectly, a ten percent (10%) or greater interest, within the meaning of Section 856(d)(2)(B) of the Code.