Common use of Early Termination of Sublease Clause in Contracts

Early Termination of Sublease. If the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord shall have no liability to Subtenant on account of such termination. To the extent that the Master Lease grants Sublandlord any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, or otherwise, Sublandlord shall be entitled to exercise or not exercise such right in its complete and absolute discretion.

Appears in 5 contracts

Samples: Sublease (Salmedix Inc), Sublease Agreement (Avigen Inc \De), Sublease (New Century Financial Corp)

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Early Termination of Sublease. If If, without the fault of Sublandlord, the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord shall have no liability to Subtenant on account of such termination. To Subject to Section 14(b) above, to the extent that the Master Lease grants Sublandlord any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, or otherwise, Sublandlord shall be entitled to exercise or not exercise such right in its complete and absolute discretion.

Appears in 4 contracts

Samples: Sublease (diaDexus, Inc.), Lease Agreement (Virologic Inc), Virologic Inc

Early Termination of Sublease. If Except as expressly set forth in this Section 15, if the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord shall have no liability to Subtenant on account of such terminationtermination unless said termination was a result of default by Sublandlord. To the extent that the Master Lease grants Sublandlord any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, or otherwise, Sublandlord shall be entitled to exercise or not exercise such right in its complete and absolute discretion.

Appears in 2 contracts

Samples: Sublease Agreement (Asterias Biotherapeutics, Inc.), Sublease Agreement (Biotime Inc)

Early Termination of Sublease. If the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord shall have no liability to Subtenant on account of such termination. To the extent that , unless such termination is due to a default by Sublandlord under the Master Lease grants Sublandlord any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, or otherwise, Sublandlord shall be entitled to exercise or not exercise such right in its complete and absolute discretionthis Sublease.

Appears in 1 contract

Samples: Sublease (Hollis Eden Pharmaceuticals Inc /De/)

Early Termination of Sublease. If If, without the fault of Sublandlord, the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord shall have no liability to Subtenant on account of such termination. To the extent that the Master Lease grants Sublandlord any discretionary right to terminate the Master LeaseSublease, whether due to casualty, condemnation, or otherwise, Sublandlord shall be entitled to exercise or not exercise such right in its complete and absolute sole discretion.

Appears in 1 contract

Samples: Deltagen Inc

Early Termination of Sublease. If If, without the fault of Sublandlord, the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord shall have no liability to Subtenant on account of such termination. To the extent that the Master Lease grants Sublandlord any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, or otherwise, Sublandlord shall be entitled to exercise or not exercise such right in its complete and absolute discretion. 16.

Appears in 1 contract

Samples: Sublease (Terayon Communication Systems)

Early Termination of Sublease. If If, without the fault of Sublandlord, the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord shall have no liability to Subtenant on account of such termination. To the extent that the Master Lease grants Sublandlord any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, or otherwise, Sublandlord shall be entitled to exercise or not exercise such right in its complete and absolute discretion.

Appears in 1 contract

Samples: Virologic Inc

Early Termination of Sublease. If If, without the fault of Sublessor, the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord Sublessor shall have no liability to Subtenant Sublessee on account of such termination. To the extent that the Master Lease grants Sublandlord Sublessor any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, or otherwise, Sublandlord Sublessor shall be entitled to exercise or not exercise such right in its complete and absolute discretion.

Appears in 1 contract

Samples: Telcom Semiconductor Inc

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Early Termination of Sublease. If the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord shall have no liability to Subtenant on account of such termination. To Except as permitted by Section 13(c), to the extent that the Master Lease grants Sublandlord any discretionary right to terminate the Master Lease, whether due to casualty, casualty or condemnation, or otherwise, Sublandlord shall be entitled to exercise or not exercise such right in its complete and absolute discretion. Except as permitted by Section 13(c), Sublandlord agrees that it will not terminate the Master Lease otherwise.

Appears in 1 contract

Samples: Asset Purchase Agreement (Epresence Inc)

Early Termination of Sublease. If the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord shall have no liability to Subtenant on account of such termination. To Notwithstanding the extent that foregoing, Sublandlord will not voluntarily do, or fail to do, anything which will constitute a default under the Master Lease grants Sublandlord any discretionary right to terminate or permit the Master Lease, whether Lease to be terminated for any reason other than as expressly permitted by the Master Lease due to casualty, condemnation, or otherwise, Sublandlord shall be entitled to exercise or not exercise such right in its complete and absolute discretionmaterial default of Master Landlord thereunder.

Appears in 1 contract

Samples: Sublease (Ardea Biosciences, Inc./De)

Early Termination of Sublease. If If, without the gross negligence or willful misconduct of Sublessor, the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord Sublessor shall have no liability to Subtenant Sublessee on account of such termination. To the extent that the Master Lease grants Sublandlord grants, or Master Lessor subsequently grants, Sublessor any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, or otherwise, Sublandlord Sublessor shall be entitled to exercise or not exercise such right in its complete and absolute discretion.

Appears in 1 contract

Samples: Sublease (Genstar Therapeutics Corp)

Early Termination of Sublease. If the Master Lease should terminate prior to the expiration of this Sublease, Sublandlord shall have no liability to Subtenant on account of such termination. To the extent that the Master Lease grants Sublandlord any discretionary right fight to terminate the Master Lease, whether due to casualty, condemnation, or otherwise, Sublandlord shall be entitled to exercise or not exercise such right fight in its complete and absolute discretion.

Appears in 1 contract

Samples: Bionovo, Inc.

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