FF&E. During the Term, and in consideration of the FF&E Rent payable by Tenant pursuant to Section 3.2, Subtenant shall be permitted to use the existing modular and office furniture, fixtures and equipment and associated data cabling described in more particular detail in Exhibit C attached hereto (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&E”). The FF&E is currently located in the Subleased Premises, and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (the “Storage Facility”). Subtenant shall accept the FF&E in its current condition without any warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to the condition of any cabling currently located in or serving the Subleased Premises). Sublandlord shall be responsible, at its sole cost and expense, for the operation and maintenance of the Storage Facility; provided, however; that in the event that Sublandlord at any time elects to discontinue its use of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of the FF&E in the Subleased Premises, Subtenant and Sublandlord shall, prior to the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepair. Subtenant shall use the FF&E only for the purposes for which such FF&E is intended and shall be responsible for the proper maintenance, insurance, care and reasonable repair of the FF&E used by Subtenant at the Subleased Premises, at Subtenant’s sole cost and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding the use and storage of the FF&E.
Appears in 2 contracts
Samples: Sublease (Roku, Inc), Sublease (Roku, Inc)
FF&E. During the Term, and in consideration of the FF&E Rent payable by Tenant pursuant to Section 3.2, Subtenant shall be permitted to use the existing modular and office furniture, fixtures and equipment and associated data cabling described in more particular detail in Exhibit C attached hereto (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&E”). The FF&E is currently located in the Subleased Premises, and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (the “Storage Facility”). Subtenant shall accept the FF&E in its current condition without any warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to the condition of any cabling currently located in or serving the Subleased Premises). Sublandlord shall be responsible, at its sole cost and expense, for the operation and maintenance of the Storage Facility; provided, however; , that in the event that Sublandlord at any time elects to discontinue its use of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, . Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of the FF&E in the Subleased Premises, Subtenant and Sublandlord shall, prior to the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepair. Subtenant shall use the FF&E only for the purposes for which such FF&E is intended and shall be responsible for the proper maintenance, insurance, care and reasonable repair of the FF&E used by Subtenant at the Subleased Premises, at Subtenant’s sole cost and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, . Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding the use and storage of the FF&E.
Appears in 2 contracts
Samples: Sublease (Roku, Inc), Sublease (Roku, Inc)
FF&E. During the TermTerm of this Sublease, Sublandlord grants to Subtenant, free of charge and in consideration of at no extra rental, the FF&E Rent payable by Tenant pursuant to Section 3.2, Subtenant shall be permitted right to use the existing modular all office furniture, cubicles and office other related furniture, fixtures and equipment owned by Sublandlord and associated data cabling described in more particular detail listed in Exhibit C attached hereto (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&E”). The FF&E is currently located in the Subleased Premises, conditioned upon (a) Subtenant’s agreement that Sublandlord has not made and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (the “Storage Facility”). Subtenant shall accept the FF&E in its current condition without does not make any express or implied warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord or representation with respect to the merchantability thereof or its fitness for any particular purpose; the design or condition thereof; the quality or capacity thereof; workmanship or compliance thereof with the requirements of any cabling currently located in Law, rule, specification or serving the Subleased Premises)contract pertaining thereto; patent infringement or latent defects, and (b) Subtenant’s acceptance thereof on an “AS IS, WHERE IS” basis. Sublandlord Subtenant shall be responsible, at its sole cost and expense, responsible for the operation repair and maintenance of the Storage Facility; providedFF&E, however; that in as good a condition as when received (normal wear and tear and damage by fire or other casualty excepted) throughout the event that Sublease Term. Sublandlord hereby grants to Subtenant an option to purchase the FF&E for $1.00 at the end of the Term of this Sublease by providing written notice to Sublandlord at any time elects least ten (10) business days prior to discontinue its use the expiration of the Storage FacilitySublease Term. If Subtenant exercises its option to purchase the FF&E in a timely manner, which Sublandlord may do at any time after April 1, 2016 (but not before then), then Sublandlord shall so notify Subtenant andtransfer title to the FF&E to Subtenant, at Subtenant’s optionwithout representation or warranty, Subtenant may arrange with Vanguard to continue to utilize effective as of the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. End Date, and Subtenant shall have access be responsible for the costs and expenses of removing the FF&E. If Subtenant does not elect to such purchase the FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, then Subtenant shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of leave the FF&E in the Subleased PremisesPremises at the expiration of the Sublease Term in the condition required under this Sublease (except that, if Subtenant and does not elect to purchase the FF&E, Sublandlord shall, shall have the right to remove the FF&E from the Subleased Premises during the ten (10) business day period prior to the Commencement Date, conduct a joint walk-through expiration of the Subleased Premises in order Sublease Term). The preceding to inventory items of damage or disrepair. the contrary notwithstanding, Subtenant shall use the FF&E only for the purposes for which such FF&E is intended and shall be responsible for the proper maintenance, insurance, care and reasonable repair hereby discloses to Sublandlord that some of the FF&E used by Subtenant is at the Subleased Premisesend of its useful life and has no value to Subtenant. Sublandlord hereby agrees that Subtenant shall have the right, but not the obligation, at Subtenant’s sole cost and expense, reasonable wear at any time during the Sublease Term, to remove and tear excepted. dispose of any or all of the FF&E identified on Exhibit C attached hereto as Subtenant shall not materially modifyelect in its sole discretion and, reconfigure or relocate any affixed cubicles located within in such event, Subtenant shall have no obligation to replace such items of FF&E so removed from the Subleased Premises (including, without limitation, changing the configuration of, “breaking down” nor shall Subtenant have any obligation to compensate Sublandlord monetarily or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan otherwise for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord items so removed and Subtenant shall reasonably cooperate with each other regarding the use and storage of the FF&E.disposed.
Appears in 2 contracts
Samples: Sublease (Genomic Health Inc), Sublease (Acelrx Pharmaceuticals Inc)
FF&E. During Sublandlord shall provide Subtenant the Term, and in consideration of the FF&E Rent payable by Tenant pursuant to Section 3.2, Subtenant shall be permitted right to use the existing modular and office furniture, fixtures and equipment and associated data cabling described in more particular detail in Exhibit C attached hereto (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&E”). The FF&E is ) currently located in existing within the Subleased Premises, . Sublandlord and additional and replacement items Subtenant agree that Exhibit E hereto sets forth the mutually approved list of FF&E are located items within the Subleased Premises which Subtenant has elected to retain at a storage facility operated the Subleased Premises for use by Vanguard Furniture (Subtenant during the Sublease Term. At the Sublease Expiration Date, Sublandlord shall transfer to Subtenant at no additional cost or expense all of Sublandlord’s right, title and interest in and to the FF&E listed on Exhibit E hereto, on an “Vanguard”) for Sublandlord (the “Storage Facility”)AS IS, WHERE IS, WITH ALL FAULTS” without representation or warranty. Subtenant shall accept assumes all responsibility in connection with the FF&E in its current condition without listed on Exhibit E and hereby indemnifies and agrees to hold Sublandlord harmless from and against any warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made and all charges, obligations, demands or claims incurred by Sublandlord with respect to any sales tax that may be due and payable in connection with the condition of any cabling currently located in or serving the Subleased Premises). Sublandlord shall be responsible, at its sole cost and expense, for the operation and maintenance of the Storage Facility; provided, however; that in the event that Sublandlord at any time elects to discontinue its use of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition transfer of the FF&E in the Subleased Premisesprovided for herein. Furthermore, Subtenant shall be responsible for, and shall indemnify Sublandlord shallfrom and against any cost, prior liability or damage arising from Subtenant’s removal of (or failure to the Commencement Date, conduct a joint walk-through of remove) all such FF&E listed on Exhibit E from the Subleased Premises in order on or before the Sublease Expiration Date, including without limitation any damages to inventory items of damage or disrepair. Subtenant shall use the FF&E only for the purposes for which such FF&E is intended and shall be responsible for the proper maintenance, insurance, care and reasonable repair of the FF&E used by Subtenant at the Subleased Premises, at Subtenant’s sole cost and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing caused by such removal of FF&E listed on Exhibit E for which Sublandlord is responsible to Master Landlord under the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding the use and storage of the FF&E.Master Lease.
Appears in 2 contracts
FF&E. During the Term, and in consideration of the FF&E Rent payable by Tenant Tenant, pursuant to Section 3.2, Subtenant shall be permitted to use the existing modular and office furniture, fixtures and equipment and associated data cabling described in more particular detail in Exhibit C attached hereto (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&E”). The FF&E is currently located in the Subleased Premises, and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (the “Storage Facility”). Subtenant shall accept the FF&E in its current condition without any warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to the condition of any cabling currently located in or serving the Subleased Premises). Sublandlord shall be responsible, at its sole cost and expense, for the operation and maintenance of the Storage Facility; provided, however; : that in the event that Sublandlord at any time elects to discontinue its use of the Storage Facilityfacility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. , Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of the FF&E in the Subleased Premises, Subtenant and Sublandlord shall, prior to the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepair. Subtenant shall use the FF&E only for the purposes for which such FF&E is intended and shall be responsible for the proper maintenance, insurance, care and reasonable repair of the FF&E used by Subtenant at the Subleased Premises, at Subtenant’s sole cost and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding the use and storage of the FF&E.
Appears in 2 contracts
Samples: Sublease (Roku, Inc), Sublease (Roku, Inc)
FF&E. During Effective upon the TermInitial Premises Commencement Date, Sublandlord shall be deemed to have sold, and in consideration of the FF&E Rent payable by Tenant pursuant to Section 3.2, Subtenant shall be permitted deemed to use have purchased, for the existing modular consideration of One Dollar ($1.00), all of Sublandlord’s right, title and office interest in the furniture, fixtures and equipment and associated data cabling described in more particular detail in listed on Exhibit C attached B-1 hereto (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “Initial Premises FF&E”). The FF&E is currently located Effective upon the Expansion Premises Commencement Date, Sublandlord shall be deemed to have sold, and Subtenant shall be deemed to have purchased, for the consideration of One Dollar ($1.00), all of Sublandlord’s right, title and interest in the Subleased Premisesfurniture, fixtures and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord equipment listed on Exhibit B-2 hereto (the “Storage FacilityExpansion Premises FF&E” and, together with the Initial Premises FF&E, the “FF&E”). Subtenant shall accept the FF&E in its current then “AS-IS” condition without and state of repair, subject to any and all defects therein, latent or otherwise; provided, however, Sublandlord shall, prior to the applicable Commencement Date, decommission any FF&E that contains Hazardous Materials and Sublandlord shall be responsible for any sales tax with respect to the transfer of the FF&E. Subject to the foregoing, Subtenant waives any claim or action against Sublandlord in respect of the condition of the FF&E and neither Sublandlord nor any of Sublandlord’s agents has made or makes any warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord or representation, express or implied, with respect to the condition of the FF&E, including without limitation any cabling currently located in warranty of fitness for any particular purpose or serving as to any other matter whatsoever respecting the Subleased Premises). Sublandlord quality or condition of the FF&E. During the Term, the provisions of the Master Lease and this Sublease applicable to the personal property of Subtenant shall be responsibleapplicable to the FF&E, at its sole cost and expense, for the operation and maintenance of the Storage Facility; provided, however; that in the event that Sublandlord at any time elects to discontinue its use of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at including without limitation Subtenant’s option, Subtenant may arrange with Vanguard obligation to continue to utilize insure the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and FF&E. Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of remove the FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of the FF&E in the Subleased Premises, Subtenant and Sublandlord shall, prior to the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepair. Subtenant shall use the FF&E only for the purposes for which such FF&E is intended and shall be responsible for the proper maintenance, insurance, care and reasonable repair of the FF&E used by Subtenant at the Subleased Premises, at Subtenant’s sole cost and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises Building upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding the use and storage agree that no portion of the Base Rent or Additional Rent payable under this Sublease is attributable to the FF&E.
Appears in 2 contracts
Samples: Sublease (Sutro Biopharma, Inc.), Sublease (Five Prime Therapeutics, Inc.)
FF&E. During Sublandlord shall make available to Subtenant, at no cost to Subtenant, for its exclusive use during the Term, and in consideration of Term the FF&E Rent payable by Tenant pursuant to Section 3.2, Subtenant shall be permitted to use the existing modular and office furniture, fixtures and equipment, artwork, and AV equipment and associated data cabling described in more particular detail in listed on Exhibit C attached hereto (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&E”). The ; provided, however that the FF&E is currently located in the Subleased Premisesshall not include, and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (Subtenant shall not have the “Storage Facility”)use of, the security system serving the Premises. Subtenant shall accept the accepts such FF&E in its current condition without any their “as is” condition, and Sublandlord makes no representation or warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to the condition of any cabling currently located in or serving the Subleased Premises). Sublandlord shall be responsible, at its sole cost and expense, for the operation and maintenance of the Storage Facility; provided, however; that in the event that Sublandlord at any time elects to discontinue its use of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facilitytheir condition. Subtenant shall have access to acknowledges that such FF&E, and may use, deposit, return, exchange FF&E has been used and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of the FF&E in the Subleased Premises, Subtenant and Sublandlord shall, refurbished prior to the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepair. Subtenant shall use be liable for any damage to the FF&E only for the purposes for which such FF&E is intended FF&E, other than ordinary wear and tear, and shall be solely responsible for all costs associated with the proper insurance, maintenance, insurance, care cleaning and reasonable repair of the FF&E used by Subtenant at and any taxes related thereto. All FF&E shall remain the Subleased Premises, at Subtenant’s sole cost property of Sublandlord and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for surrendered to Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the TermTerm in substantially the same condition they were in upon the Commencement Date, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunderordinary wear and tear excepted, subject to the following provisions. Sublandlord and Notwithstanding the foregoing, at Sublandlord’s option, Subtenant shall reasonably cooperate with each other regarding be deemed to have acquired the use and storage FF&E for the sum of $1.00 (which amount will be deducted from the Security Deposit) as of the FF&E.Expiration Date (or earlier termination date) from Sublandlord free and clear of all liens and shall remove the FF&E as part of Subtenant’s obligations to remove Subtenant’s personal property from the Premises at the end of the Term. Upon the request of either Sublandlord or Subtenant, subject to the foregoing, the parties shall execute a bxxx of sale confirming the foregoing transfer of title.
Appears in 1 contract
FF&E. During the TermFor purposes of this Sub-Sublease, and in consideration of the FF&E Rent payable by Tenant pursuant to Section 3.2“FF&E” shall mean, Subtenant shall be permitted to use the existing modular and office collectively, all furniture, fixtures and equipment and associated data cabling as described in more particular detail in Exhibit C attached hereto (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred on Schedule C. Sub-Subtenant agrees to collectively as the “FF&E”). The FF&E is currently located in the Subleased Premises, and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (the “Storage Facility”). Subtenant shall accept the FF&E in its current “as-is” condition on the Sub-Sublease Commencement Date. On the Sub-Sublease Commencement Date, all FF&E shall become the property of Sub-Subtenant. On the date hereof, Sub-Sublandlord and Sub-Subtenant shall execute a Bill of Sale substantially in the form annexed to this Sub-Sublease as Schedule D. The FF&E is being made available to Sub-Subtenant without representation or warranty by Sub-Sublandlord as to its condition, state of repair or suitability for Sub-Subtenant’s use, or any warranty other matter related thereto, and Sub-Sublandlord shall have no liability or obligations of fitness from Sublandlord (any nature whatsoever to Sub-Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to the condition FF&E. No portion of any cabling currently located in or serving the Subleased Premises). Sublandlord Rental due hereunder shall be responsible, at its sole cost and expense, deemed for the operation and maintenance any purpose paid on account of the Storage Facility; provided, however; that in the event that Sublandlord at any time elects to discontinue its use conveyance or leasing of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. FF&E. Sub-Subtenant shall have access to such FF&Epay when due all sales taxes, and may useif any, deposit, return, exchange and/or replace such FF&E, utilizing imposed by the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly City or State of New York in connection with Vanguard to coordinate Vanguard’s delivery and restocking the transfer of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition ownership of the FF&E to Sub-Subtenant as herein provided. Upon the Sub-Sublease Expiration Date, Sub- Subtenant shall remove all FF&E from the Sublease Premises. Sub-Subtenant acknowledges and agrees that the FF&E will remain in the Subleased Sublease Premises as of the Sub-Sublease Commencement Date and that Sub-Sublandlord shall have no obligation to remove the FF&E from the Sublease Premises, Subtenant and Sublandlord shallnor shall the removal of such be a condition to the Sub-Sublease Commencement Date or Sub-Sublease Rent Commencement Date. Notwithstanding anything to the contrary, if this Sub-Sublease shall terminate prior to the Commencement DateSub-Sublease Expiration Date set forth herein, conduct a joint walkthen, at Sub-through of Sublandlord’s sole election, Sub-Sublandlord shall have the Subleased right to require that Sub- Subtenant leave in the Sublease Premises in order to inventory items of damage or disrepair. Subtenant shall use the FF&E only for (or portions thereof specified by Sub- Sublandlord), which FF&E so left in the purposes for which such FF&E is intended and Sublease Premises shall be responsible for the proper maintenancedeemed abandoned and Sub- Sublandlord may retain, insuranceremove, care and reasonable repair use and/or dispose of the FF&E used by Subtenant at the Subleased Premises, at same without accountability to Sub- Subtenant’s sole cost and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding the use and storage of the FF&E..
Appears in 1 contract
Samples: Sub Sublease (Duolingo, Inc.)
FF&E. During The Sublease hereunder also includes the Termlicense to use Sublandlord’s offices, cubicles, and in consideration other FF&E located within the Sublease Premises, a list of the FF&E Rent payable by Tenant pursuant to Section 3.2, Subtenant shall be permitted to use the existing modular and office furniture, fixtures and equipment and associated data cabling described in more particular detail in Exhibit C which is attached hereto as Exhibit B (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&E”). The FF&E is currently located in the Subleased Premises, and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (the “Storage Facility”). Subtenant shall accept the FF&E in its current condition without any warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to the condition of any cabling currently located in or serving the Subleased Premises). Sublandlord shall be responsible, at its sole cost and expense, for the operation and maintenance of the Storage Facility; provided, however; that in the event that Sublandlord at any time elects to discontinue its use of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of the FF&E in the Subleased Premisessame condition as received throughout the Term. In the event of any damage to the FF&E, Subtenant shall provide written notice to Sublandlord of such damage and Sublandlord shall, prior to the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepair. Subtenant shall use the FF&E only for the purposes for which such FF&E is intended make any and shall be responsible for the proper maintenance, insurance, care and reasonable repair of the FF&E used by Subtenant at the Subleased Premises, all repairs that are necessary at Subtenant’s sole cost and expense. If Subtenant fails to make any repairs to the FF&E for more than fifteen (15) days after notice from Sublandlord (although notice shall not be required if there is an emergency), Sublandlord may, but shall not be required to, make the repairs, and Subtenant shall pay the reasonable cost of the repairs to Sublandlord within thirty (30) days after receipt of an invoice, together with an administrative charge in an amount equal to ten percent (10%) of the cost of the repairs. At all times during the Term, Subtenant shall insure the FF&E for its full replacement value. Subtenant shall surrender the FF&E on the End Date or earlier termination of this Sublease in the same condition as received, reasonable wear and tear excepted. Subtenant This Sublease and the license rights granted in connection herewith shall not materially modify, reconfigure include any right to require Sublandlord to provide any maintenance or relocate repair or any affixed cubicles located technical or server support for any FF&E or any facilities within the Subleased Premises (including, without limitation, changing Sublease Premises. Sublandlord makes no representation or warranty as to the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding the use and storage of the FF&E.hereby expressly DISCLAIMS ANY WARRANTIES AS TO MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
Appears in 1 contract
Samples: Sublease (Exelixis, Inc.)
FF&E. During the Term(a) Merchant may, in its sole discretion, elect on a Store-by-Store basis to have Agent market and in consideration of sell the FF&E Rent payable by Tenant pursuant to Section 3.2making one or more FF&E Elections. If Merchant makes one or more FF&E Elections, Subtenant Agent shall be permitted to use the existing modular market and office furniture, fixtures and equipment and associated data cabling described in more particular detail in Exhibit C attached hereto (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&E”). The FF&E is currently located in the Subleased Premises, and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (the “Storage Facility”). Subtenant shall accept sell the FF&E in the applicable Stores during the time period commencing on the Sale Commencement Date and concluding on the FF&E Sale Termination Date; provided, however, that Agent shall not sell any fixtures affixed to a wall or the floor unless (i) the proceeds to be received from the sale of such fixtures are substantially greater than the estimated cost of repairs to the relevant wall or floor; or (ii) the purchaser of such fixtures repairs the wall or floor in a commercially reasonable manner at its current condition without any warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord own expense. In the event Merchant exercises the FF&E Election with respect to the condition of FF&E in any cabling currently located in or serving the Subleased PremisesStore(s). Sublandlord , Agent shall be responsibleentitled to receive a commission equal to the FF&E Fee, at its sole cost and expenseMerchant shall have the right to determine, for the operation and maintenance of the Storage Facility; provided, however; that in the event exercise of its reasonable discretion, the sale price of such FF&E. Unless the applicable lessor agrees that Sublandlord FF&E may be abandoned at any time elects to discontinue its use of the Storage Facilityapplicable Store, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord all FF&E shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and be removed from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of Store(s) on or before the FF&E in the Subleased Premises, Subtenant and Sublandlord shall, prior Sale Termination Date. Notwithstanding anything to the Commencement Datecontrary herein, conduct a joint walk-through the Merchant reserves the right to solicit and simultaneously consider offers to dispose of such property separate and apart from the Subleased Premises liquidation process contemplated by this Agreement in order to inventory items of damage or disrepair. Subtenant shall use the which case no FF&E only for the purposes for which such FF&E is intended and Fee shall be responsible for the proper maintenanceearned by or payable to Agent. The Merchant shall remove any hazardous material, insurance, care and reasonable repair of the FF&E used by Subtenant at the Subleased Premises, at Subtenant’s sole cost and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing freon. Expenses incident to removal of such hazardous materials do not constitute expenses of the configuration of, “breaking down” or reassembly sale of cubiclesFF&E hereunder and shall be paid by Merchant upon demand by Agent.
(b) without first obtaining Sublandlord’s consentMerchant shall reimburse reasonable out of pocket expenses attributable to the sale of FF&E pursuant to the FF&E Expense Budget, which consent may not FF&E Expense Budget shall be unreasonably withheldmutually agreed upon in writing by Merchant and Agent. On or prior to the FF&E Sale Termination Date for each Store, conditioned or delayed Agent shall leave such Store in “broom clean” condition (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstationsordinary wear and tear excepted); provided, however, that Subtenant as of the FF&E Sale Termination Date, Agent may abandon in place in a neat and orderly manner any unsold FF&E at the Stores if a “Vacate and Release” form has been signed by Merchant and delivered to Agent. For the avoidance of doubt, Occupancy Expenses shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but taken into consideration in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become determining the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding the use and storage of the FF&E.Fee.
Appears in 1 contract
Samples: Agency Agreement
FF&E. During (a) Subject to the terms and conditions hereof, and subject, further, to the limitations set forth in Subsection 37(b) below, Landlord shall provide Tenant with the right and license to utilize during the Term, at Tenant’s sole risk, cost, and in consideration of the FF&E Rent payable by Tenant pursuant to Section 3.2expense and without additional charge therefor, Subtenant shall be permitted to use the existing modular and office furniture, fixtures and equipment and associated data cabling described in more particular detail in Exhibit C attached hereto (such furniture, fixtures, and equipment together with any equipment located in the Premises and data cablingspecifically described and listed on the inventory attached as Exhibit C attached hereto and incorporated herein (collectively, being referred to collectively as the “Existing FF&E”). The Any and all costs and expenses of maintaining, repairing, replacing, connecting, moving, installing, and/or reinstalling any such Existing FF&E is currently located in to, from, and/or within the Subleased PremisesPremises shall be the sole responsibility of Tenant, shall be paid by Tenant as and when due, and additional in no event shall Landlord have any liability or responsibility therefor. Title to the Existing FF&E shall remain in Landlord’s name during the Term. Nothing contained herein shall be deemed a representation, warranty, or guaranty by or from Landlord as to the condition, value, utility, merchantability, or title of or to the Existing FF&E, or any portion thereof, and replacement items Landlord hereby expressly disclaims any and all warranties in connection with the Existing FF&E, including, without limitation, warranties of FF&E are located at a storage facility operated by Vanguard Furniture title, merchantability, condition, and fitness, and in no event shall Landlord have any liability or responsibility of any type whatsoever with respect thereto. It is hereby acknowledged, understood, and agreed that (“Vanguard”a) for Sublandlord (the “Storage Facility”). Subtenant shall accept the Tenant is accepting all such Existing FF&E in its current “AS IS” condition without any warranty as existing as of fitness from Sublandlord the date hereof, and (Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to b) as of the condition of any cabling currently located in or serving Termination Date, (i) the Subleased Premises). Sublandlord Existing FF&E shall be responsibleand become the property of Tenant, at its sole cost (ii) Tenant shall pay to Landlord the sum of One and expenseNo/100 Dollars ($1.00) as the purchase price therefor, and (iii) Landlord shall deliver to Tenant a xxxx of sale (without warranties) for the operation and maintenance of the Storage Facility; provided, however; that Existing FF&E. Tenant shall in the any event that Sublandlord at any time elects to discontinue its use of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of the FF&E in the Subleased Premises, Subtenant and Sublandlord shall, prior to the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepair. Subtenant shall use the FF&E only for the purposes for which such FF&E is intended and shall be solely responsible for the proper maintenance, insurance, care and reasonable repair removal of the Existing FF&E used by Subtenant from the Premises and the disposal of the same upon the expiration or termination of the Prime Lease, all at the Subleased Premises, at SubtenantTenant’s sole cost and expense. While Tenant shall not be obligated to maintain the Existing FF&E in substantially the same condition as existing as of the date hereof, or otherwise perform any maintenance or repair work with respect thereto, should this Lease or Tenant’s right to possession hereunder be terminated due to a default by Tenant hereunder, then in such event Landlord’s damages shall expressly include the “fair market value” of the Existing FF&E had such Existing FF&E been so maintained in substantially the same condition as existing as of the date hereof, and otherwise in good condition or repair, such that Landlord could reasonably reuse the same in substantially the same manner, reasonable wear and tear excepted. Subtenant Notwithstanding the foregoing, Landlord shall not materially modifymaintain the Existing FF&E in the same condition it is in as of the date hereof, reconfigure normal wear and tear excepted, until the Commencement Date. Tenant shall receive a credit of $107,500.00 against its Basic Rent payment obligations hereunder as consideration for Tenant to purchase furniture in addition to the Existing FF&E set forth in Exhibit C attached hereto.
(b) Notwithstanding anything in Subsection (a) above or relocate any affixed cubicles Exhibit C attached hereto to the contrary, it is specifically acknowledged, understood, and agreed that, with respect to that portion of the Existing FF&E consisting of the existing telephones and telephone and telecommunications equipment currently located within the Subleased Premises (includingPremises, without limitation, changing the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not Tenant will be required to secure Sublandlordset up its own separate telephone and telecommunications service with the applicable service provider thereof, all at Tenant’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord sole cost and Subtenant shall reasonably cooperate with each other regarding the use and storage of the FF&E.expense.
Appears in 1 contract
Samples: Office Sublease (Ooma Inc)
FF&E. During Sublandlord shall make available to Subtenant, at no cost to Subtenant, for its exclusive use during the Term, and in consideration of Term the FF&E Rent payable by Tenant pursuant to Section 3.2, Subtenant shall be permitted to use the existing modular and office furniture, fixtures and equipment, artwork, and AV equipment and associated data cabling described in more particular detail in listed on Exhibit C attached hereto (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&E”). The ; provided, however that the FF&E is currently located in the Subleased Premisesshall not include, and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (Subtenant shall not have the “Storage Facility”)use of, the security system serving the Premises. Subtenant shall accept the accepts such FF&E in its current condition without any their “as is” condition, and Sublandlord makes no representation or warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to the condition of any cabling currently located in or serving the Subleased Premises). Sublandlord shall be responsible, at its sole cost and expense, for the operation and maintenance of the Storage Facility; provided, however; that in the event that Sublandlord at any time elects to discontinue its use of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facilitytheir condition. Subtenant shall have access to acknowledges that such FF&E, and may use, deposit, return, exchange FF&E has been used and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of the FF&E in the Subleased Premises, Subtenant and Sublandlord shall, refurbished prior to the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepair. Subtenant shall use be liable for any damage to the FF&E only for the purposes for which such FF&E is intended FF&E, other than ordinary wear and tear, and shall be solely responsible for all costs associated with the proper insurance, maintenance, insurance, care cleaning and reasonable repair of the FF&E used by Subtenant at and any taxes related thereto. All FF&E shall remain the Subleased Premises, at Subtenant’s sole cost property of Sublandlord and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for surrendered to Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the TermTerm in substantially the same condition they were in upon the Commencement Date, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunderordinary wear and tear excepted, subject to the following provisions. Sublandlord and Notwithstanding the foregoing, at Sublandlord’s option, Subtenant shall reasonably cooperate with each other regarding be deemed to have acquired the use and storage FF&E for the sum of $1.00 (which amount will be deducted from the Security Deposit) as of the FF&E.Expiration Date (or earlier termination date) from Sublandlord free and clear of all liens and shall remove the FF&E as part of Subtenant’s obligations to remove Subtenant’s personal property from the Premises at the end of the Term. Upon the request of either Sublandlord or Subtenant, subject to the foregoing, the parties shall execute a xxxx of sale confirming the foregoing transfer of title.
Appears in 1 contract
Samples: Sublease (GTX Inc /De/)
FF&E. During Sublandlord shall sell to Subtenant, pursuant to the Term, and in consideration terms of the FF&E Rent payable by Tenant pursuant to Section 3.2Bxxx of Sale attached hereto as Exhibit C, Subtenant shall be permitted to use without representation or warranty except as expressly set forth in the existing modular Bxxx of Sale (i) on the Start Date, all office furniture, cubicles and office other related furniture, fixtures and equipment owned by Sublandlord and associated data cabling described listed on Schedule 1 to the Bxxx of Sale, which list does not include those items listed on Schedule 2 to the Bxxx of Sale which shall be removed by Sublandlord on or before July 16, 2010 and (ii) at such time as Sublandlord vacates the Server Room, the UPS System and all of Sublandlord’s right, title and interest, if any, in more particular detail and to the Back-up Generator in Exhibit C attached hereto its then as-is condition (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&EEquipment”). The FF&E is currently During the Sublease Term prior to the sale to Subtenant of the Equipment as provided in the immediately preceding sentence, Sublandlord grants to Subtenant, at no additional cost, the non-exclusive right to use the Equipment to supply back-up power to Subtenant’s server room and critical lab equipment located in the Subleased PremisesBuilding (collectively, and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“VanguardSubtenant’s Equipment”) for so long as such use does not interfere with Sublandlord’s use of the Server Room and/or the Equipment. Except to the extent due to the gross negligence or willful misconduct of Sublandlord or Sublandlord’s violation of this Sublease, (a) Sublandlord shall have no liability to Subtenant of any kind under any circumstances arising out of or in connection with the Equipment or Subtenant’s use thereof, (b) Subtenant hereby releases Sublandlord from and against any and all claims, damages, costs, expenses and liabilities (collectively, “Storage FacilityEquipment Claims”). ) arising out of or in connection with the Equipment and/or Subtenant’s use thereof and (c) Subtenant shall accept the FF&E indemnify, defend and hold Sublandlord harmless from and against any and all Equipment Claims arising out of or in its current condition without any warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord connection with respect Subtenant’s use thereof. Notwithstanding anything to the condition of any cabling currently located contrary contained in or serving the Subleased Premises). this Sublease, Sublandlord shall be responsiblehave the right to terminate, at its sole cost and expenseby written notice to Subtenant, for Subtenant’s non-exclusive right to use the operation and maintenance of the Storage Facility; provided, however; that Equipment in the event that Sublandlord at any time elects to discontinue its use either (i) Subtenant uses more than 250kW of the Storage FacilityUPS System as indicated on the control panel of the UPS System, which Sublandlord may do at or (ii) Subtenant installs any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at equipment other than Subtenant’s option, Subtenant may arrange with Vanguard to continue to Equipment which would utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of the FF&E in the Subleased Premises, Subtenant and Sublandlord shall, prior to the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepair. Subtenant shall use the FF&E only for the purposes for which such FF&E is intended and shall be responsible for the proper maintenance, insurance, care and reasonable repair of the FF&E used by Subtenant at the Subleased Premises, at Subtenant’s sole cost and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing the configuration of, “breaking down” or reassembly of cubicles) Equipment without first obtaining Sublandlord’s prior written consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it withheld if such equipment would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent materially interfere with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations operations or its use of less than 15 cubiclesthe Equipment and/or Server Room. Subject to Subtenant’s default under this Sublease and force majeure, but Sublandlord shall use commercially reasonable efforts to operate and maintain the Equipment in good condition at all times throughout the Sublease Term in accordance with manufacturer’s specifications and maintain all required governmental permits in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become including the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding the use and storage of the FF&E.Bay Area Air Quality Management District permit.
Appears in 1 contract
Samples: Sublease (Exelixis Inc)
FF&E. During the Term, and in consideration This Sublease shall include a lease of all of the FF&E Rent payable by Tenant pursuant to Section 3.2, Subtenant shall be permitted to use the existing modular and office furniture, fixtures furniture and equipment and associated data cabling described in more particular detail in listed on Exhibit C B attached hereto and made a part hereof (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&E”). The FF&E is currently located shall be delivered to Subtenant on the Commencement Date in its “AS-IS” condition. Prior to the Subleased PremisesCommencement Date and during the Term, Subtenant shall maintain a property loss insurance policy with guaranteed replacement cost coverage on the FF&E and cause Sublandlord to be named as “additional insured” and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (the “Storage Facility”)loss payee” thereon. Subtenant shall accept deliver certificate evidencing such insurance coverage to Sublandlord simultaneously with its tender of an executed Sublease. Currently, personal property taxes are not assessed against the FF&E. To the extent personal property taxes are assessed against the FF&E during the Term, Subtenant shall pay Sublandlord such amounts as additional rent due hereunder. If the bills for such personal property tax come to Sublandlord, Sublandlord in its reasonable judgment shall equitably apportion same and Subtenant shall pay Sublandlord such tax within ten (10) days of a demand therefor as additional rent due hereunder. During the Term, Subtenant shall maintain the FF&E in its current condition without any warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to the condition of any cabling currently located in or serving the Subleased Premises). Sublandlord shall be responsiblegood repair and condition, at its sole cost and expense, for the operation and maintenance of the Storage Facility; provided, however; that except in the event that Sublandlord at any time elects to discontinue its use of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expensean insured casualty, shall work directly with Vanguard to coordinate Vanguard’s delivery make any repairs and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be replacements required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of the FF&E in the Subleased Premises, Subtenant and Sublandlord shall, prior to same condition it is in on the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepair. Subtenant shall use the FF&E only for the purposes for which such FF&E is intended and shall be responsible for the proper maintenance, insurance, care and reasonable repair of the FF&E used by Subtenant at the Subleased Premises, at Subtenant’s sole cost and expense, reasonable wear and tear excepted. If on the Expiration Date Subtenant has fulfilled all of its material obligations under this Sublease, Sublandlord shall be deemed to sell the FF&E to Subtenant for One Dollar ($1.00) as of the Expiration Date and Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within be responsible for removing the Subleased FF&E from the Sub-Premises (including, without limitation, changing the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given its surrender of the Sub-Premises. If Subtenant exercises its termination option pursuant to Article 2 hereof or if this Sublease is terminated due to Subtenant’s default or condemnation, the FF&E shall be returned to Sublandlord in the same condition it is in on the Commencement Date, reasonable wear and tear and loss by Sublandlord if required hereunderfire or other insured casualty excepted. Sublandlord and In the event of loss by fire or other casualty, Subtenant shall reasonably cooperate return the FF&E with each other regarding the use insurance proceeds required to repair and storage of replace same. Notwithstanding anything to the FF&E.contrary contained herein, Sublandlord will be removing certain furniture and equipment that not listed on Exhibit B from the Sub-Premises prior to the Commencement Date.
Appears in 1 contract
FF&E. During the Term, and in consideration of the FF&E Rent payable by Tenant pursuant to Section 3.2, Subtenant Agent shall be permitted to use the existing modular and office furniture, fixtures and equipment and associated data cabling described in more particular detail in Exhibit C attached hereto (such sell all furniture, fixtures, and equipment together with any equipment located at the Stores, Merchant's warehouse/distribution centers in Auburn, MA, Secaucus, NJ and data cablingLandover, being referred to collectively as MD, and at Merchant’s home office (the “FF&E”). The Agent shall pay Merchant (in addition to all other amounts contemplated by this Agreement), two million dollars ($2,000,000) (“FF&E is currently located in Guarantee”); and Agent shall have the Subleased Premises, and additional and replacement items exclusive right to retain all proceeds from the sale of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) and the Approval Order shall expressly provide for Sublandlord (the “Storage Facility”Agent’s sole rights in and to such proceeds). Subtenant shall accept the FF&E in its current condition without any warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to the condition of any cabling currently located in or serving the Subleased Premises). Sublandlord shall be responsible, at its sole cost and expense, for the operation and maintenance of the Storage Facility; provided, however; that in the event that Sublandlord at any time elects to discontinue its use of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition avoidance of doubt, “Proceeds” shall not include the proceeds from the sale of FF&E. Agent shall pay Merchant fifty percent (50%) of the FF&E in Guarantee on the Subleased PremisesPayment Date, Subtenant and Sublandlord shallwith the balance due (after giving effect to any adjustments contemplated below) on the date of the Final Reconciliation. To the extent Agent does not have the right to sell all FF&E (whether because Merchant does not own any items, prior Xxxxxxxx does not have the licensing rights to sell such items, landlords make ownership claims on any such items thereby delaying sales, or otherwise), or to the Commencement Date, conduct a joint walk-through extent the composition of the Subleased Premises in order FF&E is not substantially similar to inventory items the listing of damage or disrepair. Subtenant furniture, fixtures and equipment reflected on the information formally provided by Merchant to Agent as part of the due diligence review leading up to this transaction (including the Merchant’s fixed asset register files), then Merchant and Agent shall use mutually agree upon an equitable reduction to the amount of the FF&E only for Guarantee. For purposes of the purposes for which avoidance of doubt, Agent acknowledges that the FF&E shall not include leased copiers or rolling stock even if such FF&E is intended and assets were reflected on Merchant’s formally provided information/fixed asset register files). Agent shall be responsible for the proper maintenance, insurance, care and reasonable repair payment of the FF&E used by Subtenant at the Subleased Premises, at Subtenant’s sole cost and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing the configuration of, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord all expenses incurred in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding the use and storage sale of the FF&E.FF&E. At the conclusion of the Sale Term, Agent may abandon, in place, any unsold FF&E, and any other furniture, fixtures, and equipment located at the Stores, Merchant's warehouse/distribution centers in Auburn, MA, Secaucus, NJ and Landover, MD, and at Merchant’s home office.
Appears in 1 contract
Samples: Second Agency Agreement
FF&E. During Subject to the Termterms of this Section 19, and in consideration effective as of the Commencement Date (the “FF&E Rent payable by Tenant pursuant Transfer Date”) all of Sublandlord’s right, title and interest in and to Section 3.2, Subtenant shall be permitted to use the existing fixtures, equipment and modular and office furniture, fixtures furniture located in the Subleased Premises and equipment and associated data cabling described in more particular detail in on Exhibit C attached hereto (such furniturehereto, fixtures, and equipment together with any as well as all equipment and data cablingcabling associated therewith (collectively, being referred to collectively as the “FF&E”), shall automatically be transferred to Subtenant. The Sublandlord shall deliver the FF&E is currently located in the Subleased Premises, good working order and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (the “Storage Facility”). Subtenant shall accept the FF&E in its such current condition without any warranty of fitness from Sublandlord (Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to the condition of any cabling currently located in or serving the Subleased Premises). Sublandlord shall be responsible, at its sole cost and expense, for the operation and maintenance of the Storage Facility; provided, however; that in the event that Sublandlord at any time elects to discontinue its use of the Storage Facility, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking of FF&E to and from the Storage Facility and the Subleased Premises. Sublandlord shall not be required to maintain any specific inventory levels of FF&E. For purposes of documenting the current condition of the FF&E in the Subleased PremisesFF&E, Subtenant and Sublandlord shallmay, prior to the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepair. disrepair and shall provide good faith corrective comments to the inventory attached to Exhibit C in writing to Sublandlord within fifteen (15) days following the Effective Date of this Sublease, and after the expiration of such fifteen (15) day period, Subtenant shall use be deemed to have approved and accepted the FF&E. The FF&E shall be 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 FF&E only for Transfer Date that it owns all of the purposes for which such FF&E is intended free and clear of all liens and encumbrances and has the authority to so transfer the FF&E. Subtenant shall be solely responsible for the proper maintenance, insurance, care and reasonable repair removal of the FF&E used by Subtenant at from the Subleased PremisesPremises and the Building in accordance with the terms and provisions of the Master Lease. The transfer of ownership of the FF&E shall occur automatically on the FF&E Transfer Date and this Sublease shall constitute a xxxx of sale evidencing the transfer of the FF&E on the FF&E Transfer Date. Notwithstanding the foregoing provisions of this Section 19 to the contrary, if during the Term Subtenant is in Default hereunder and if Sublandlord terminates Subtenant’s rights to possess the Subleased Premises due to the applicable Default, then at Sublandlord’s election, the prior transfer of all of Sublandlord’s right, title and interest in and to the FF&E shall be voidable by Sublandlord upon written notice to such effect delivered to Subtenant. If Sublandlord so elects to void such transfer, then Sublandlord shall provide notice of such election to Subtenant. In such event, (a) prior to or promptly following the expiration or earlier termination of this Sublease, Sublandlord shall conduct a walk-through of the Subleased Premises to catalog any items of damage, disrepair, misuse or loss among the FF&E (reasonable wear and tear excepted), and (b) Subtenant shall be responsible, at Subtenant’s sole cost and expense, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate for curing any affixed cubicles located within the Subleased Premises such items (including, without limitationwith respect to loss, changing the configuration of, “breaking down” or reassembly of cubicles) without first obtaining replacing any lost item with a substantially similar new item reasonably acceptable to Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptable), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding the use and storage of the FF&E..
Appears in 1 contract
Samples: Sublease (Pegasystems Inc)
FF&E. During Notwithstanding anything to the Termcontrary contained in this Sublease, during the Sublease Term Sublandlord shall provide, and in consideration of shall permit Subtenant to use, the FF&E Rent payable by Tenant pursuant to Section 3.2, Subtenant shall be permitted to use the existing modular and office furniture, fixtures and equipment and associated data cabling described in more particular detail in Exhibit C attached hereto (such furniture, fixtures, and equipment together with any equipment and data cabling, being referred to collectively as the “FF&E”). The FF&E is currently located in the Subleased Premises, and additional and replacement items of FF&E are located at a storage facility operated by Vanguard Furniture (“Vanguard”) for Sublandlord (the “Storage Facility”). FF&E. Subtenant shall accept the FF&E in its current condition without any warranty of fitness from Sublandlord (presently existing, “AS-IS, WHERE-IS, WITH ALL FAULTS” condition, and Subtenant expressly acknowledges that no warranty is made by Sublandlord with respect to the condition of any cabling currently located in or serving the Subleased Premises). Sublandlord shall be responsible, at its sole cost and expense, for the operation all maintenance and maintenance repair of the Storage FacilityFF&E, normal wear and tear and casualty excepted. Subtenant shall pay to Sublandlord a monthly fee of thirty cents ($0.30) per square foot during the Sublease Term for the use of the FF&E (the “FF&E Charges”). Upon the expiration or earlier termination of the Sublease Term, Subtenant shall surrender possession of the FF&E to Sublandlord in as good order and condition as when Subtenant took possession of the FF&E, reasonable wear and tear and casualty excepted; provided, however; that , in the event that Sublandlord at any time elects to discontinue its use items of the Storage FacilityFF&E are missing or damaged, which Sublandlord may do at any time after April 1, 2016 (but not before then), Sublandlord shall so notify Subtenant and, at Subtenant’s option, Subtenant may arrange with Vanguard to continue to utilize the Storage Facility at Subtenant’s cost. So long as FF&E is stored in the Storage Facility. Subtenant shall have access to such FF&E, and may use, deposit, return, exchange and/or replace such FF&E, utilizing the online inventory control system operated by Vanguard, and Subtenant, at its sole cost and expense, shall work directly with Vanguard to coordinate Vanguard’s delivery and restocking replace or repair (as applicable) such items of FF&E to and from the Storage Facility and the Subleased Premises. FF&E. Sublandlord shall not be required have no liability to maintain Subtenant of any specific inventory levels kind under any circumstances arising out of FF&E. For purposes of documenting the current condition of or in connection with the FF&E in the Subleased Premises, Subtenant and Sublandlord shall, prior to the Commencement Date, conduct a joint walk-through of the Subleased Premises in order to inventory items of damage or disrepairSubtenant’s use thereof. Subtenant shall use hereby releases Sublandlord from and against any and all claims, damages, costs, expenses and liabilities arising out of or in connection with the FF&E only for the purposes for which such FF&E is intended and shall be responsible for the proper maintenanceFF&E, insurance, care and reasonable repair of the FF&E used by Subtenant at the Subleased Premises, at and/or Subtenant’s sole cost and expenseuse thereof, reasonable wear and tear excepted. Subtenant shall not materially modify, reconfigure or relocate any affixed cubicles located within the Subleased Premises (including, without limitation, changing any taxes with respect to the configuration ofFF&E and/or Subtenant’s use thereof, and any related interest and penalties resulting from late payment by Subtenant thereof (collectively, “breaking down” or reassembly of cubicles) without first obtaining Sublandlord’s consent, which consent may not be unreasonably withheld, conditioned or delayed (by way of example, the parties agree that it would be reasonable for Sublandlord to withhold consent if the color palette of proposed additions or substitutions were not consistent with the existing FF&E (e.g., neutral colors would be acceptableClaims”), or if the number of cubicles were to be reduced (other than to an incidental extent), or if substitutions proposed by Subtenant were not of a quality consistent with the existing FF&E, or if Subtenant proposed to install non-adjustable workstations); provided, however, that Subtenant shall not be required to secure Sublandlord’s consent for cubicle reconfigurations of less than 15 cubicles, but in connection therewith, Subtenant must provide a plan for such reconfiguration to Sublandlord which will become the basis for delivery/restoration of the Subleased Premises upon the expiration or earlier termination of this Sublease. Subtenant shall not be obligated to remove or restore any FF&E upon the expiration of the Term, unless required by Sublandlord in connection with any consent given by Sublandlord if required hereunder. Sublandlord and Subtenant shall reasonably cooperate with each other regarding indemnify, defend and hold Sublandlord harmless from and against any and all FF&E Claims accruing on and after the use and storage of the FF&E.Execution Date.
Appears in 1 contract