Common use of Landlord's Rights Upon Proposed Subletting Clause in Contracts

Landlord's Rights Upon Proposed Subletting. Should Tenant desire to sublet any part of the Premises, Tenant shall not be permitted so to sublet until Tenant shall have given Landlord at least thirty (30) days prior written notice of Tenant's intention to offer such space for sublet and specifying the terms of such sublet. Except for the first (1st) three (3) years of the Lease for the 11,384 rentable square feet on the first (1st) floor, Landlord shall have the right for thirty (30) days from receipt of such notice to (i) sublet or (ii) take an assignment from Tenant, upon the terms and for the period set forth in the notice. In the event Landlord exercises any right to sublease or take assignment of space from Tenant, Landlord shall remit each month to Tenant rent in accordance with the terms set forth in the aforesaid notice for the period of the sublease or assignment. In such event, Tenant shall not be responsible for any failure to pay rent by the occupant of the portion of the Premises sublet or assigned to the Landlord, and Tenant further shall not be responsible for other Tenant obligations with respect to such portion of the Premises for the term of such sublet or assignment. Should Landlord not elect to accept assignment of such space, Tenant may sublet the same only after obtaining the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Tenant agrees that disapproval of such sublet by Landlord's lender is deemed a reasonable basis for withholding consent. During the first (lst) three (3) years of the Lease, Tenant may sublet any or all first (1st) floor Premises after giving Landlord notice of its intention to do so, with Landlord's reasonable consent as to use.

Landlord's Rights Upon Proposed Subletting. Should Tenant desire to ------------------------------------------- sublet any part of the Premises, Tenant shall not be permitted so to sublet until Tenant shall have given Landlord at least thirty (30) days prior written notice of Tenant's intention to offer such space for sublet and specifying the terms of such sublet. Except for the first (1st) three (3) years of the Lease for the 11,384 rentable square feet on the first (1st) floor, Landlord shall have the right for thirty (30) days from receipt of such notice to (i) sublet or (ii) take an assignment from Tenant, upon the terms and for the period set forth in the notice. In the event Landlord exercises any right to sublease or take assignment of space from Tenant, Landlord shall remit each month to Tenant rent in accordance with the terms set forth in the aforesaid notice for the period of the sublease or assignment. In such event, Tenant shall not be responsible for any failure to pay rent by the occupant of the portion of the Premises sublet or assigned to the Landlord, and Tenant further shall not be responsible for other Tenant obligations with respect to such portion of the Premises for the term of such sublet or assignment. Should Landlord not elect to accept assignment of such space, Tenant may sublet the same only after obtaining the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Tenant agrees that disapproval of such sublet by Landlord's lender is deemed a reasonable basis for withholding consent. During the first (lst) three (3) years of the Lease, Tenant may sublet any or all first (1st) floor Premises after giving Landlord notice of its intention to do so, with Landlord's reasonable consent as to use.

Landlord's Rights Upon Proposed Subletting. Should Tenant desire to sublet any part of the Premises, Tenant shall not be permitted so to sublet until Tenant shall have given Landlord at least thirty (30) days prior written notice of Tenant's intention to offer such space for sublet and specifying the terms of such sublet. Except for the first (1st) three (3) years of the Lease for the 11,384 rentable square feet on the first (1st) floor, Landlord shall have the right for thirty (30) days from receipt of such notice to (i) sublet or (ii) take an assignment from Tenant, upon the terms and for the period set forth in the noticenotice from Tenant or actual sublease agreement. In the event Landlord exercises any right to sublease or take assignment of space from Tenant, Landlord shall remit each month to Tenant rent in accordance with the terms set forth in the aforesaid notice from Tenant or actual sublease agreement for the period of the sublease or assignment. In such event, Tenant shall not be responsible for any failure to pay rent by the occupant of the portion of the Premises sublet or assigned to the Landlord, and Tenant further shall not be responsible for other Tenant obligations with respect to such portion of the Premises for the term of such sublet or assignment. Should Landlord not elect to accept assignment of such space, Tenant may sublet the same only after obtaining the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Tenant agrees that disapproval of such sublet by Landlord's lender is deemed a reasonable basis for withholding consent. During the first (lst) three (3) years of the Lease, Tenant may sublet any or all first (1st) floor Premises after giving Landlord notice of its intention to do so, with Landlord's reasonable consent as to use.

Landlord's Rights Upon Proposed Subletting. Should Tenant desire to sublet any part of the Premises, Tenant shall not be permitted so to sublet until Tenant shall have given Landlord at least thirty sixty (3060) days prior written notice of Tenant's ’s intention to offer such space for sublet and specifying the terms of such sublet. Except for the first (1st) three (3) years of the Lease for the 11,384 rentable square feet on the first (1st) floor, Landlord shall have the right for thirty sixty (3060) days from receipt of such notice to (i) sublet or (ii) take an assignment from Tenant, upon the terms and for the period set forth in the notice. In the event Landlord exercises any right to sublease or take assignment of space from Tenant, Landlord shall remit each month to Tenant rent in accordance with the terms set forth in the aforesaid notice for the period of the sublease or assignment. In such event, Tenant shall not be responsible for any failure to pay rent by the occupant of the portion of the Premises sublet or assigned to the Landlord, and Tenant further shall not be responsible for other Tenant obligations with respect to such portion of the Premises for the term of such sublet or assignment. Should Landlord not elect to accept assignment of such space, Tenant may sublet the same only after obtaining the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Tenant agrees that disapproval of such sublet by Landlord's lender is deemed a reasonable basis for withholding consent. During the first (lst) three (3) years of the Lease, Tenant may sublet any or all first (1st) floor Premises after giving Landlord notice of its intention to do so, with Landlord's reasonable consent as to use.