Common use of Landlord’s Election of Tenant’s Attornment Clause in Contracts

Landlord’s Election of Tenant’s Attornment. In the event Landlord elects, at its option, to cause Subtenant to attorn to Landlord pursuant to Section 4 above, Landlord shall undertake the obligations of Tenant under the Sublease from the time of the termination by Landlord of the Lease, but Landlord shall not (i) be liable for any prepayment of more than one month's rent or any security deposit paid by Subtenant unless such prepayment or security deposit has been actually received by Landlord, (ii) be liable for any previous act or omission of Tenant under the Lease or for any other defaults of Tenant under the Sublease, except for any default of a continuing nature that continues after the date Landlord undertakes the obligations of Tenant under the Sublease, (iii) be subject to any defenses or offsets previously accrued which Subtenant may have against Tenant, or (iv) be bound by any changes or modifications made to the Sublease without the written consent of Landlord, which consent shall not be unreasonably withheld, conditioned, or delayed.

Appears in 1 contract

Samples: Consent to Sublease Agreement (Prothena Corp PLC)

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Landlord’s Election of Tenant’s Attornment. In the event Landlord elects, at its option, to cause Subtenant to attorn to Landlord pursuant to Section 4 4, item (iii), above, Landlord shall undertake the obligations of Tenant under the Sublease from the time of the termination by Landlord exercise of the Leaseoption, but Landlord shall not (i) be liable for any prepayment of more than one month's ’s rent or any security deposit paid by Subtenant unless such prepayment or security deposit has been actually received by Landlord, (ii) be liable for any previous act or omission of Tenant under the Lease or for any other defaults of Tenant under the Sublease, except for any default of a continuing nature Sublease other than defaults that continues continue after the date attornment (provided that Landlord undertakes shall be responsible only for the obligations portion of Tenant under the Subleasedefault continuing after the attornment), (iii) be subject to any defenses or offsets previously accrued which Subtenant may have against Tenant, or (iv) be bound by any changes or modifications made to the Sublease without the written consent of Landlord, which consent shall not be unreasonably withheld, conditioned, or delayed.

Appears in 1 contract

Samples: Consent to Sublease Agreement (Audentes Therapeutics, Inc.)

Landlord’s Election of Tenant’s Attornment. In the event Landlord elects, at its option, to cause Subtenant to attorn to Landlord pursuant to Section 4 4, item (iii) above, Landlord shall undertake the obligations of Tenant under the Sublease from the time of the termination by Landlord exercise of the Leaseoption, but Landlord shall not (i) be liable for any prepayment of more than one month's ’s rent or any security deposit paid by Subtenant (unless such prepayment or security deposit has been actually received by Landlord), (ii) be liable for any previous act or omission of Tenant under the Lease or for any other defaults of Tenant under the Sublease, except for any default of a continuing nature Sublease other than defaults that continues continue after the date attornment (provided that Landlord undertakes shall be responsible only for the obligations portion of Tenant under the Subleasedefault continuing after the attornment), (iii) be subject to any defenses or offsets previously accrued which Subtenant may have against Tenant, or (iv) be bound by any changes or modifications made to the Sublease without the written consent of Landlord, which consent shall not be unreasonably withheld, conditioned, or delayed.

Appears in 1 contract

Samples: Consent to Sublease Agreement (Bolt Biotherapeutics, Inc.)

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Landlord’s Election of Tenant’s Attornment. In the event Landlord elects, at its option, to cause Subtenant to attorn to Landlord pursuant to Section 4 3(iii), above, Landlord shall undertake the obligations of Tenant under the Sublease from the time of the termination by Landlord exercise of the Leaseoption, but Landlord shall not (i) be liable for any prepayment of more than one (1) month's ’s rent or any security deposit paid by Subtenant unless such prepayment or security deposit has been actually received by Landlordto Tenant, (ii) be liable for any previous act or omission of Tenant under the Lease Sublease or for any other defaults of Tenant under the Sublease, except for any default of a continuing nature that continues after the date Landlord undertakes the obligations of Tenant under the Sublease, (iii) be subject to any defenses or offsets previously accrued which Subtenant may have against Tenant, or (iv) be bound by any changes or modifications made to the Sublease without the written consent of Landlord, . In no event shall any such attornment increase the obligations or liability of Subtenant beyond that which consent shall is contained in the Sublease and Subtenant will not be unreasonably withheld, conditioned, or delayedresponsible for any defaults by Tenant under the Lease.

Appears in 1 contract

Samples: Sublease Agreement (Anadys Pharmaceuticals Inc)

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