Common use of Underlying Leases Clause in Contracts

Underlying Leases. Where the Owner does not own the land underneath the Improvements of a particular Property, Manager shall take those steps necessary to ensure that all obligations of Owner relating to the underlying lease are met, including, without limitation the payment of rent.

Appears in 2 contracts

Sources: Management Agreement (StratCap Digital Infrastructure REIT, Inc.), Management Agreement (Strategic Wireless Infrastructure Fund Ii, Inc.)