Common use of Assignment of Sublease and Default Clause in Contracts

Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefrom, subject however to terms of Paragraph 8.2 hereof. 8.2 Master Lessor, by executing this document, agrees that until a default shall occur in the performance of Sublessor's Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the rents accruing under this Sublease. However, if Sublessor shall default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the rents from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, upon receipt of any written notice from the Master Lessor stating that a default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the rents due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents to Master Lessor without any obligation or right to inquire as to whether such default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent of Master Lessor.

Appears in 2 contracts

Samples: LJL Biosystems Inc, Impac Mortgage Holdings Inc

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Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefromSublease, subject however to terms the provisions of Paragraph 8.2 hereof. 8.2 Master Lessor, by executing this document, agrees that until a default Default shall occur in the performance of Sublessor's Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the rents Rent accruing under this Sublease. However, if Sublessor shall default Default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent Rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the rents Rent from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, Sublessee upon receipt of any written notice from the Master Lessor stating that a default Default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the rents Rent due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents Rent to Master Lessor without any obligation or right to inquire as to whether such default Default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents Rent so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent of Master Lessor.

Appears in 2 contracts

Samples: Spectrum Laboratories Inc /Ca, Spectrum Laboratories Inc /Ca

Assignment of Sublease and Default. 8.1 7.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefromSublease, subject however to terms the provisions of Paragraph 8.2 hereof. 8.2 7.2 Master Lessor, by executing execu ng this document, agrees that until un l a default Default shall occur in the performance of Sublessor's Obligations Obliga ons under the Master theMaster Lease, that Sublessor may receive, collect and enjoy the rents Rent accruing under this Sublease. However, if Sublessor shall default Default in the performance of its obligations obliga ons to Master Lessor then Master thenMaster Lessor may, at its optionop on, receive and collect, directly from Sublessee, all rent Rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection collec on of the rents Rent from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining ObligationsObliga ons. 8.3 7.3 Sublessor hereby irrevocably authorizes and directs Sublessee, Sublessee upon receipt of any written notice anywri en no ce from the Master Lessor stating sta ng that a default Default exists in the performance of Sublessor's obligations obliga ons under the Master theMaster Lease, to pay to Master Lessor the rents Rent due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents Rent to Master Lessor without any obligation obliga on or right to inquire as to whether such default Default exists and notwithstanding any notice no ce from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents Rent so paid by Sublessee. 8.4 7.4 No changes or modifications modifica ons shall be made to this Sublease without the consent of Master Lessor. 8.

Appears in 1 contract

Samples: Skye Bioscience, Inc.

Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefromSublease, subject however to terms the provisions of Paragraph 8.2 hereof. 8.2 Master Lessor, by executing this document, agrees that until a default Default shall occur in the performance of Sublessor's Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the rents Rent accruing under this Sublease. However, if Sublessor shall default Default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent Rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the rents Rent from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, Sublessee upon receipt recept of any written notice from the Master Lessor stating that a default Default exists in the performance of Sublessor's obligations under the Master Lease, to pay to the Master Lessor the rents Rent due and to become due under the Sublease. Sublessor agrees that the Sublessee shall have the right to rely upon any such statement and request from Master LessorLesor, and that Sublessee shall pay such rents Rent to Master Lessor without any obligation or right to inquire as to whether such default Default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor Seblessor shall have no right or claim against Sublessee for any such rents Rent so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent of Master Lessor.

Appears in 1 contract

Samples: Sub Lease Agreement (Crystalix Group International Inc)

Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor lessor the Sublessor's interest in this Sublease and all rentals and income [not to exceed $261.11 per month (26.11% of $12,000 per annum + 12)] arising therefrom, subject however to terms of Paragraph 8.2 hereof. 8.2 Master Lessor, by executing this document, agrees that until a default shall occur in the performance of Sublessor's Obligations under the Master Leaselease, that Sublessor may receive, collect and enjoy the rents accruing under this Sublease. However, if Sublessor shall default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the rents from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, upon receipt of any written notice from the Master Lessor lessor stating that a default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the rents due and to become due under the Sublease. , Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessorlessor, and that Sublessee shall pay such rents to Master Lessor without any obligation or right to inquire as to whether such default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent notifying of Master Lessor.

Appears in 1 contract

Samples: Duraswitch Industries Inc

Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefromSublease, subject however to terms the provisions of Paragraph 8.2 hereof. 8.2 Master Lessor, by executing this document, agrees that until a default Default shall occur in the performance of Sublessor's Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the rents Rent accruing under this Sublease. However, if Sublessor shall default Default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent Rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the rents Rent from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, Sublessee upon receipt of any written notice from the Master Lessor stating that a default Default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the rents Rent due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents Rent to Master Lessor without any obligation or right to inquire as to whether such default Default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents Rent so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent of Master Lessor. 9.

Appears in 1 contract

Samples: Office Lease (At Plan Inc)

Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefromSublease, subject however subject, however, to terms the provisions of Paragraph 8.2 hereof. 8.2 Master Lessor, by executing this document, agrees that until a default Default shall occur in the performance of Sublessor's Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the rents Rent accruing under this Sublease. However, if Sublessor shall default Default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent Rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the rents Rent from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, Sublessee upon receipt of any written notice from the Master Lessor stating that a default Default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the rents Rent due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents Rent to Master Lessor without any obligation or right to inquire as to whether such default Default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents Rent so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent of Master Lessor.

Appears in 1 contract

Samples: Office Lease (Thehealthchannel Com Inc)

Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's ’s interest in this Sublease and all rentals and income arising therefromSublease, subject however to terms the provisions of this Paragraph 8.2 hereof8. 8.2 Master Lessor, by executing this document, agrees that until a default shall occur occurs in the performance of Sublessor's ’s Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the rents Rent accruing under this Sublease. However, if Sublessor shall default defaults in the performance of its obligations to Master Lessor Lessor, then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent Rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the rents Rent from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's ’s Remaining Obligations. 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, Sublessee upon receipt of any written notice from the Master Lessor stating that a default exists in the performance of Sublessor's ’s obligations under the Master Lease, to pay to Master Lessor the rents Rent due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents Rent to Master Lessor without any obligation or right to inquire as to whether such default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents Rent so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent of Master Lessor.

Appears in 1 contract

Samples: Sublease Agreement

Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefrom, subject however to terms of Paragraph 8.2 hereof. 8.2 Master Lessor, by executing this document, agrees that until a default shall occur in the performance of Sublessor's Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the rents accruing under this Sublease. However, if Sublessor shall default in the performance of its obligations to Master Lessor Lessor, then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the rents from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, upon receipt of any written notice from the Master Lessor stating that a default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the rents due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents to Master Lessor without any obligation or right to inquire as to whether such default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent of Master Lessor.without

Appears in 1 contract

Samples: Paradigm Technology Inc /De/

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Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefrom, subject however to terms of Paragraph 8.2 hereof. hereof 8.2 Master Lessor, by executing this document, agrees that until a default shall occur in the performance of Sublessor's Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the rents accruing under this Sublease. However, if Sublessor shall default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the rents from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. Obligations 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, upon receipt of any written notice from the Master Lessor stating that a default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the rents due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents to Master Lessor without any obligation or right to inquire as to whether such default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent of Master LessorLessor .

Appears in 1 contract

Samples: Kinetics Group Inc

Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefromSublease, subject however to terms provisions of Paragraph 8.2 hereof. 8.2 Master Lessor, by executing this document, agrees that until a default shall occur in the performance of Sublessor's Obligations under the Master LeaseLease and Sublease dated May 7, 1998, that Sublessor may receive, collect and enjoy the rents Rents accruing under this Sublease. However, if Sublessor shall default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent Rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor or by reason of the collection of the rents Rent from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, upon receipt of any written notice from the Master Lessor stating that a default exists in the performance of Sublessor's obligations under the Master LeaseLease and Sublease dated May 7, 1998, to pay to Master Lessor the rents Rent due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents Rent to Master Lessor without any obligation or right to inquire as to whether such default Default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent of Master Lessor.

Appears in 1 contract

Samples: Thermatrix Inc

Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefrom, subject however to terms of Paragraph 8.2 hereof. 8.2 7.1 Master Lessor, by executing this document, agrees that until a default Default shall occur in the performance of Sublessor's Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the rents Rent accruing under this Sublease. However, if Sublessor shall default Default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent Rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the rents Rent from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 8.3 7.2 Sublessor hereby irrevocably authorizes and directs Sublessee, Sublessee upon receipt of any written notice from the Master Lessor stating that a default Default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the rents Rent due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents Rent to Master Lessor without any obligation or right to inquire as to whether such default Default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents Rent so paid by Sublessee. 8.4 7.3 No changes or modifications shall be made to this Sublease without the consent of Master Lessor. 8.

Appears in 1 contract

Samples: MoSys, Inc.

Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefromSublease, subject however to terms the provisions of Paragraph 8.2 hereof. 8.2 Master Lessor, by executing this document, agrees that until a default Default shall occur in the performance of Sublessor's Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the rents Rent accruing under this Sublease. However, if Sublessor shall default Default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent Rent owing and to be owed under this Sublease. Master Lessor shall not, by reason of this assignment of the Sublease nor by reason of the collection of the rents Rent from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, Sublessee upon receipt of any written notice from the Master Lessor stating that a default Default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the rents Rent due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents Rent to Master Lessor without any obligation or right to inquire as to whether such default Default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents Rent so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent of Master Lessor. 9.

Appears in 1 contract

Samples: Carpenter W R North America Inc

Assignment of Sublease and Default. 8.1 Sublessor hereby assigns and transfers to Master Lessor the Sublessor's interest in this Sublease and all rentals and income arising therefromSublease, subject however to terms the provisions of Paragraph 8.2 hereof. 8.2 Master Lessor, by executing this document, agrees that until a default Default shall occur in the performance of Sublessor's Obligations under the Master Lease, that Sublessor may receive, collect and enjoy the rents Rent accruing under this Sublease. However, if Sublessor shall default Default in the performance of its obligations to Master Lessor then Master Lessor may, at its option, receive and collect, directly from Sublessee, all rent Rent owing and to be owed under this Sublease. Master Lessor shall notnot , by reason of this assignment of the Sublease nor by reason of the collection of the rents Rent from the Sublessee, be deemed liable to Sublessee for any failure of the Sublessor to perform and comply with Sublessor's Remaining Obligations. 8.3 Sublessor hereby irrevocably authorizes and directs Sublessee, Sublessee upon receipt of any written notice from the Master Lessor stating that a default Default exists in the performance of Sublessor's obligations under the Master Lease, to pay to Master Lessor the rents Rent due and to become due under the Sublease. Sublessor agrees that Sublessee shall have the right to rely upon any such statement and request from Master Lessor, and that Sublessee shall pay such rents Rent to Master Lessor without any obligation or right to inquire as to whether such default Default exists and notwithstanding any notice from or claim from Sublessor to the contrary and Sublessor shall have no right or claim against Sublessee for any such rents Rent so paid by Sublessee. 8.4 No changes or modifications shall be made to this Sublease without the consent of Master Lessor. 9.

Appears in 1 contract

Samples: Lee Pharmaceuticals

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