Consent of Prime Lessor. This Sublease is contingent on the approval and consent of Prime Lessor in form and substance satisfactory to Sublessee, which Sublessor agrees to use commercially reasonable efforts to obtain. This Sublease shall not become effective unless and until a written approval and consent in form and substance satisfactory to Sublessee (the “Consent”) is executed and delivered by the Prime Lessor and Sublessee. After the Sublessor receives the Consent as executed by Prime Lessor, Sublessor agrees to promptly deliver a fully executed original of the Consent to Sublessee. The effect and commencement of this Sublease is subject to and conditional upon the receipt by Sublessor and Sublessee of the Consent executed by Prime Lessor. Upon execution of this Sublease by Sublessee, Sublessor will promptly apply to the Prime Lessor for the Consent and Sublessor will promptly inform Sublessee as to receipt of the Consent (if and when it is received) and deliver to Sublessee a copy of the same. If the Consent is not received within five (5) business days after this Sublease is fully executed by both Sublessor and Sublessee (the “Sunset Date”), then from and after the Sunset Date, at the option of either Sublessor or Sublessee, this Sublease will cease to have any further effect and the parties hereto will have no further obligations to each other with respect to this Sublease and any funds paid hereunder by Sublessee shall be promptly refunded by Sublessor.
Appears in 2 contracts
Samples: Sublease (Spero Therapeutics, Inc.), Sublease (Spero Therapeutics, Inc.)
Consent of Prime Lessor. This Sublease is contingent on the approval and consent of Prime Lessor in form and substance satisfactory to SublesseeLessor, which Sublessor agrees to use commercially all reasonable efforts to obtain. This Sublease shall not become effective unless and until a written approval and consent in form and substance satisfactory to Sublessee (the “Consent”) is executed and delivered by the Prime Lessor and SublesseeSublessee on terms and conditions satisfactory to Sublessee in its sole discretion. After the Sublessor receives the Consent as executed by Prime Lessor, Sublessor agrees to promptly deliver a fully executed original of the Consent to Sublessee. The effect and commencement of this Sublease is subject to and conditional upon the receipt by Sublessor and Sublessee of the Consent executed by Prime Lessor. Upon execution of this Sublease by Sublessee, Sublessor will promptly apply to the Prime Lessor for the Consent and Sublessor will promptly inform Sublessee as to receipt of the Consent (if and when it is received) and deliver to Sublessee a copy of the same. Sublessee shall reimburse Sublessor for Prime Landlord’s actual costs and expenses, including reasonable attorneys’ fees, charges and disbursements incurred in connection with reviewing the Sublease and processing, drafting and negotiating the Consent, not to exceed $2,500. If the Consent is not received within five thirty (530) business days after this Sublease is fully executed by both Sublessor and Sublessee (the “Sunset Date”), then from and after the Sunset Date, at the option of either Sublessor or Sublessee, Date this Sublease will cease to have any further effect and the parties hereto will have no further obligations to each other with respect to this Sublease and any funds paid hereunder by Sublessee shall be promptly refunded by Sublessor.
Appears in 2 contracts
Samples: Sublease Agreement (CM Life Sciences III Inc.), Sublease Agreement (Surface Oncology, Inc.)
Consent of Prime Lessor. This Notwithstanding anything to the contrary contained in this Sublease, the effectiveness of this Sublease is contingent on subject to and conditioned upon the written approval of, and consent of to, this Sublease by Prime Lessor in form reasonably acceptable to each of Sublessor and substance satisfactory Sublessee (the “Consent”). Without limitation, the Consent must (i) consent to Sublesseethis Sublease, which Sublessor agrees (ii) waive any right of termination or recapture that Prime Lessor may have in respect of this Sublease, (iii) confirm that (notwithstanding any provision of the Prime Lease to use commercially reasonable efforts the contrary) Sublessor’s ongoing rights under the Prime Lease (including without limitation the right to obtainextend the Term of the Prime Lease and the right to expand the size of the Premises) will not be impaired or affected as a consequence of this Sublease, and all such rights will remain unaffected, and (iv) waive the 90-day maximum advance notice period under Section 29.2 of the Prime Lease. This Sublease shall not become effective unless and until a written approval and consent in form and substance satisfactory to Sublessee (the “Consent”) Consent is fully executed and delivered by the Prime Lessor and Sublessee. After the Sublessor receives the Consent as executed by Prime Lessor, Sublessor agrees to promptly deliver a fully executed original of the Consent to Sublessee. The effect and commencement of this Sublease is subject to and conditional upon the receipt by Sublessor and Sublessee of the Consent executed by Prime Lessor. Upon execution of this Sublease by Sublessee, Sublessor will promptly apply to the Prime Lessor for the Consent and Sublessor will promptly inform Sublessee as to receipt of the Consent (if and when it is received) and deliver to Sublessee a copy of the same. If the Consent is not received within five (5) business days after this Sublease is fully executed by both Sublessor and Sublessee (the “Sunset DateConsent Contingency”). Each of Sublessor and Sublessee shall execute and deliver the Consent in the form provided by Prime Lessor and reasonably approved by Sublessor and Sublessee, even if the Consent has not been signed by Prime Lessor. If the Consent Contingency is not satisfied before the date that is ninety (90) days after submission of the request for the Consent, then from and after the Sunset Datesuch date, at the option of either Sublessor or Sublessee, party may terminate this Sublease will by providing written notice to the other unless the Consent Contingency is satisfied before the date on which such notice of termination is provided. If this Sublease is terminated under this Paragraph 25, then this Sublease shall cease to have any further force or effect and the parties hereto will shall have no further obligations to each other with respect to this Sublease and Sublease, except that any Rent or other funds paid hereunder under this Sublease by Sublessee shall be promptly refunded by Sublessor.
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Consent of Prime Lessor. This Sublease First Amendment is contingent on the approval and consent of Prime Lessor in form and substance satisfactory to SublesseeLessor, which Sublessor agrees to use commercially all reasonable efforts to obtain. This Sublease First Amendment shall not become effective unless and until a written approval and consent in form and substance satisfactory to Sublessee (the “Consent”) is executed and delivered by the Prime Lessor Lessor, Sublessor, and Sublessee, which Consent shall be in form and substance satisfactory to Sublessor and Sublessee (respectively) in the sole discretion of each, and which Consent shall specifically include a satisfactory estoppel, representations, and non-disturbance agreement, wherein Prime Lessor agrees not to disturb Sublessee’s tenancy during the Term (as extended by this First Amendment) even if Sublessor has defaulted under the Prime Lease, so long as Sublessee is not then in default under the Original Sublease, as amended by this First Amendment, beyond any applicable notice and cure provisions. After the Sublessor receives the Consent as executed by Prime Lessor, Sublessor agrees to promptly deliver a fully executed original of the Consent to Escrow Agent, with a copy to Sublessee. The effect and commencement of this Sublease First Amendment is subject to and conditional upon the receipt by Sublessor and Sublessee of the Consent executed by Prime Lessor. Upon execution of this Sublease First Amendment by SublesseeSublessee and Sublessor, Sublessor will promptly apply to the Prime Lessor for the Consent Consent, and Sublessor will promptly inform Sublessee as to receipt of the Consent (if and when it is received) and deliver to Sublessee a copy of the same. If the fully executed Consent is not received by Sublessee from Escrow Agent within five (5) business days after this Sublease First Amendment is fully executed by both Sublessor and Sublessee (the “Sunset Date”), then from and after the Sunset Date, at the option of either Sublessor or Sublessee, Date this Sublease First Amendment will cease to have any further effect and the parties hereto will have no further obligations to each other with respect to this Sublease and First Amendment, any funds paid hereunder by Sublessee shall be promptly refunded by SublessorEscrow Agent, and the Original Sublease shall be and remain in full force and effect according to its terms.
Appears in 1 contract
Consent of Prime Lessor. This Sublease is contingent on subject to the approval and consent of Prime Lessor in form and substance satisfactory to SublesseeLessor, which Sublessor agrees to use commercially all reasonable efforts to obtain. This Sublease shall not become effective unless and until a written approval and consent in form and substance satisfactory to Sublessee (the “Consent”) is executed and delivered by the Prime Lessor and SublesseeLessor, which Consent shall consent to this Sublease. After the Sublessor receives the Consent as executed by from the Prime Lessor, Sublessor agrees to promptly deliver a fully fully-executed original of the Consent to Sublessee. The effect and commencement effectiveness of this Sublease is subject to and conditional upon the receipt by Sublessor and Sublessee of the Consent executed by Prime LessorConsent. Upon To the extent that Sublessor has not already done so, upon execution of this Sublease by Sublessee, Sublessor will promptly apply to the Prime Lessor for the Consent and Sublessor will promptly inform Sublessee as to receipt of the Consent (if and when it is received) and deliver to Sublessee a copy of the same. If a fully executed original of the Consent is not received within five (5) business days after delivered to the Sublessee by May 1, 2005, Sublessee shall have the right to terminate this Sublease is fully executed by both Sublessor and Sublessee (the “Sunset Date”), then from and after the Sunset Date, at the option promptly sending notice of either Sublessor or Sublessee, this Sublease will cease termination to have any further effect and the parties hereto will have no further obligations to each other with respect to this Sublease and any funds paid hereunder by Sublessee shall be promptly refunded by Sublessor.
Appears in 1 contract
Samples: Sublease (BG Medicine, Inc.)