Common use of Automatic Transfer of Furniture to Subtenant Clause in Contracts

Automatic Transfer of Furniture to Subtenant. In consideration of One Dollar ($1.00) and Subtenant’s performance of its obligations under this Sublease, as of the date that is thirty (30) days prior to the Expiration Date (the “Furniture Transfer Date”), all of Sublandlord’s right, title and interest in and to the Furniture shall automatically be transferred to Subtenant. The Furniture shall be so transferred to Subtenant on an “as is” basis with no representation or warranty of any kind from, and no recourse against, Sublandlord; provided, however, that Sublandlord represents and warrants as of the Furniture Transfer Date that it owns all of the Furniture free and clear of all liens and encumbrances and has the authority to so transfer the Furniture. Thereafter, Subtenant shall be solely responsible for the proper removal of the Furniture from the Subleased Premises and the Building in accordance with the terms and provisions of the Master Lease. Sublandlord and Subtenant confirm that the transfer of ownership of the Furniture shall occur automatically on the Furniture Transfer Date and that this Sublease shall constitute a xxxx of sale evidencing the transfer of the Furniture on the Furniture Transfer Date unless otherwise agreed to in a writing signed by both Sublandlord and Subtenant. Notwithstanding the foregoing provisions of this Section 18 to the contrary, if prior to the Furniture Transfer Date Subtenant is in default hereunder, then at Sublandlord’s election, the automatic transfer of all of Sublandlord’s right, title and interest in and to the Furniture shall be voidable by Sublandlord. If Sublandlord so elects to void such transfer, then Sublandlord shall provide notice of such election to Subtenant. In such event, (i) prior to or promptly following the expiration or earlier termination of the Sublease, Sublandlord shall conduct a walk-through of the Subleased Premises to catalog any items of damage, disrepair, misuse or loss among the Furniture (reasonable wear and tear excepted), and (ii) Subtenant shall be responsible, at Subtenant’s sole cost and expense, for curing any such items (including, with respect to loss, replacing any lost item with a substantially similar item reasonably acceptable to Sublandlord).

Automatic Transfer of Furniture to Subtenant. In consideration of One Dollar ($1.00) and Subtenant’s performance of its obligations under this Sublease, as of the date that is thirty (30) days prior to the Expiration Date (the “Furniture Transfer Date”), all of Sublandlord’s right, title and interest in and to the Furniture then remaining in the Lyft Premises (collectively, the “Remaining Furniture”), shall automatically be transferred to Subtenant. The Remaining Furniture shall be so transferred to Subtenant on an “as is” basis with no representation or warranty of any kind from, and no recourse against, Sublandlord; provided, however, that Sublandlord represents and warrants as of the Furniture Transfer Date that it owns all of the Remaining Furniture free and clear of all liens and encumbrances and has the authority to so transfer the Remaining Furniture. Thereafter, Subtenant shall be solely responsible for the proper removal of the Remaining Furniture from the Subleased Premises and the Building in accordance with the terms and provisions of the Master Lease. Sublandlord and Subtenant confirm that the transfer of ownership of the Remaining Furniture shall occur automatically on the Furniture Transfer Date and that this Sublease shall constitute a xxxx of sale evidencing the transfer of the Remaining Furniture on the Furniture Transfer Date unless otherwise agreed to in a writing signed by both Sublandlord and Subtenant. Notwithstanding the foregoing provisions of this Section 18 23.2 to the contrary, if if, prior to the Furniture Transfer Date Date, Subtenant is in default Default hereunder, and Sublandlord terminates this Sublease as a consequence of such Default, then at Sublandlord’s election, the automatic transfer of all of Sublandlord’s right, title and interest in and to the Remaining Furniture shall be voidable by Sublandlord. If Sublandlord so elects to void such transfer, then Sublandlord shall provide notice of such election to Subtenant. In such eventevent (i.e., following the termination of this Sublease as a result of a Default by Subtenant), (i) prior to or promptly following the expiration or earlier termination of the this Sublease, Sublandlord shall conduct a walk-through of the Subleased Premises to catalog any items of damage, disrepair, misuse or loss among the Remaining Furniture (reasonable wear and tear excepted), and (ii) Subtenant shall be responsible, at Subtenant’s sole cost and expense, for curing any such items (including, with respect to loss, replacing any lost item with a substantially similar new item reasonably acceptable to Sublandlord).

Automatic Transfer of Furniture to Subtenant. In consideration of One Dollar ($1.00) and Subtenant’s performance of its obligations under this Sublease, as of the date that is thirty (30) days prior to the Expiration Date (the “Furniture Transfer Date”), all of Sublandlord’s right, title and interest in and to the Furniture shall automatically be transferred to Subtenant. The Furniture shall be so transferred to Subtenant on an “as is” basis with no representation or warranty of any kind from, and no recourse against, Sublandlord; provided, however, that Sublandlord represents and warrants as of the Furniture Transfer Effective Date that it owns all of the Furniture free and clear of all liens and encumbrances and has the authority to so transfer the Furniture. Thereafter, Subtenant shall be solely responsible for the proper removal of the Furniture from the Subleased Premises and the Building in accordance with the terms and provisions of the Master Lease. Sublandlord and Subtenant confirm that the The transfer of ownership of the Furniture shall occur automatically on the Furniture Transfer Date and that this Sublease shall constitute a xxxx of sale evidencing the transfer of the Furniture on the Furniture Transfer Date Date, unless otherwise agreed to in a writing signed by both Sublandlord and Subtenant. Notwithstanding the foregoing provisions of this Section 18 20 to the contrary, if prior this Sublease is terminated due to the Furniture Transfer Date a Default of Subtenant is in default hereunder, then at Sublandlord’s election, the automatic transfer of all of Sublandlord’s right, title and interest in and to the Furniture shall be voidable by Sublandlord. If Sublandlord so elects to void such transfer, then Sublandlord shall provide notice of such election to Subtenant. In such event, (i) prior to or promptly following the expiration or earlier termination of the this Sublease, Sublandlord shall conduct a walk-through of the Subleased Premises to catalog any items of damage, disrepair, misuse or loss among the Furniture (reasonable wear and tear excepted), and (ii) Subtenant shall be responsible, at Subtenant’s sole cost and expense, for curing any such items (including, with respect to loss, replacing any compensating Sublandlord for the cost of such lost item with a substantially similar item reasonably acceptable taking into account depreciation of such item). Notwithstanding the foregoing, if Subtenant chooses to Sublandlord)convert the 8th Floor Premises and/or the 9th Floor Premises to lab use and decides it no longer has use for all or any portion of the Furniture, it shall so notify Sublandlord and Sublandlord shall retain possession of such Furniture identified in Subtenant’s notice and remove such Furniture from the 8th Floor Premises and/or 9th Floor Premises, as applicable, at Subtenant’s cost.

Automatic Transfer of Furniture to Subtenant. In consideration of One Dollar ($1.00) 1.00 and Subtenant’s performance of its obligations under this Sublease, as of the date that is thirty (30) days prior to second anniversary of the Expiration Commencement Date (the “Furniture Transfer Date”), all of Sublandlord’s right, title and interest in and to the Furniture shall automatically be transferred to Subtenant. The Furniture shall be so transferred to Subtenant on an “as is” basis with no representation or warranty of any kind from, and no recourse against, Sublandlord; provided, however, that Sublandlord represents and warrants as of the Furniture Transfer Date that it owns all of the Furniture free and clear of all liens and encumbrances and has the authority to so transfer the Furniture. Thereafter, Subtenant shall be solely responsible for the proper removal of the Furniture from the Subleased Premises and the Building in accordance with the terms and provisions of the Master Lease. Sublandlord and Subtenant confirm that the The transfer of ownership of the Furniture shall occur automatically on the Furniture Transfer Date and that this Sublease shall constitute a xxxx of sale evidencing the transfer of the Furniture on the Furniture Transfer Date Date, unless otherwise agreed to in a writing signed by both Sublandlord and Subtenant. Notwithstanding the foregoing provisions of this Section 18 20 to the contrary, if prior to the Furniture Transfer Date Subtenant is in default Default hereunder, then at Sublandlord’s election, the automatic transfer of all of Sublandlord’s right, title and interest in and to the Furniture shall be voidable by Sublandlord. If Sublandlord so elects to void such transfer, then Sublandlord shall provide notice of such election to Subtenant. In such event, (i) prior to or promptly following the expiration or earlier termination of the SubleaseFurniture Transfer Date, Sublandlord shall conduct a walk-through of the Subleased Premises to catalog any items of damage, disrepair, misuse or loss among the Furniture (reasonable wear and tear excepted), and (ii) Subtenant shall be responsible, at Subtenant’s sole cost and expense, for curing any such items (including, with respect to loss, replacing any lost item with a substantially similar new item reasonably acceptable to Sublandlord).

Automatic Transfer of Furniture to Subtenant. In consideration of One Dollar ($1.00) 1.00 and Subtenant’s performance of its obligations under this Sublease, as of the date that is thirty (30) days prior to the Expiration Date September 1, 2024 (the “Furniture Transfer Date”), all of Sublandlord’s right, title and interest in and to the Furniture shall automatically be transferred to Subtenant. The Furniture shall be so transferred to Subtenant on an “as is” basis with no representation or warranty of any kind from, and no recourse against, Sublandlord; provided, however, that Sublandlord represents and warrants as of the Furniture Transfer Date that it owns all of the Furniture free and clear of all liens and encumbrances and has the authority to so transfer the Furniture. Thereafter, Subtenant shall be solely responsible for the proper removal of the Furniture from the Subleased Premises and the Building in accordance with the terms and provisions of the Master Lease. Sublandlord and Subtenant confirm that the The transfer of ownership of the Furniture shall occur automatically on the Furniture Transfer Date and that this Sublease shall constitute a xxxx of sale evidencing the transfer of the Furniture on the Furniture Transfer Date Date, unless otherwise agreed to in a writing signed by both Sublandlord and Subtenant. Notwithstanding the foregoing provisions of this Section 18 20 to the contrary, if prior to on the Furniture Transfer Date Subtenant is in default Default hereunder, then at Sublandlord’s election, the automatic transfer of all of Sublandlord’s right, title and interest in and to the Furniture shall be voidable by Sublandlord. If Sublandlord so elects to void such transfer, then Sublandlord shall provide notice of such election to Subtenant. In such event, (i) prior to or promptly following the expiration or earlier termination of the SubleaseFurniture Transfer Date, Sublandlord shall conduct a walk-through of the Subleased Premises to catalog any items of damage, disrepair, misuse or loss among the Furniture (reasonable wear and tear excepted), and (ii) Subtenant shall be responsible, at Subtenant’s sole cost and expense, for curing any such items (including, with respect to loss, replacing any lost item with a substantially similar new item reasonably acceptable to Sublandlord).