ACKNOWLEDGEMENT OF MASTER LEASE AND GRANT PROVISIONS Sample Clauses

ACKNOWLEDGEMENT OF MASTER LEASE AND GRANT PROVISIONS. It is hereby expressly understood, acknowledged and agreed by Sublessor and Sublessee that this Sublease is subject to the terms, covenants, provisions and conditions of the Master Lease. Sublessee agrees to observe, and comply with, all obligations of Sublessor as the Tenant under the Master Lease as applicable to the use and occupancy of the Subleased Premises, including, without limitation, limiting its use of the Subleased Premises to those uses which are permitted under the terms of the Master Lease and the Grant provided by the United States Department of Commerce, Economic Development Administration (the “EDA”), provided by the EDA in connection with the development and construction of the Premises. The aforementioned provisions stipulate that the Premises shall be used only for the purposes of fostering businesses in Flagstaff that further research and development, science, technology, clean energy, bio-science, healthcare, manufacturing, digital products, emerging technology, tourism, and astronomy fields (hereinafter referred to as “target fields”). Sublessee shall not commit or permit to be committed on the Subleased Premises any act or omission which shall violate any term or condition of the Master Lease or any term or condition of the Grant. Sublessee hereby agrees that, in the event that Sublessor’s rights with respect to the Subleased Premises expire or are terminated for any reason, whether as a result of the termination of the Master Lease by the Master Lessor in accordance with the Master Lessor’s rights under the Master Lease or otherwise, then this Sublease and all of the rights and obligations of Sublessee hereunder shall continue in full force and effect; provided, however, that Sublessee shall adhere to and perform all of its obligations under this Sublease to and for the benefit of the Master Lessor pursuant to the terms of the Master Lease. A copy of the Master Lease and the Grant provided by the EDA to Master Lessor shall be made available from time to time by Sublessor to Sublessee for Sublessee’s review.
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