Common use of Master Landlord’s Consent Clause in Contracts

Master Landlord’s Consent. Sublandlord and Subtenant expressly acknowledge and agree that this Sublease is subject to Master Landlord’s prior written consent to this Sublease, on a form to be provided by Master Landlord that is reasonably acceptable to Sublandlord and Subtenant (“Master Landlord’s Consent”). Sublandlord shall use commercially reasonable efforts to obtain Master Landlord’s Consent, and Subtenant agrees to cooperate in all reasonable respects in connection therewith. If Sublandlord fails to obtain Master Landlord’s Consent within thirty (30) days after execution of this Sublease by both Subtenant and Sublandlord, then either Sublandlord or Subtenant may terminate this Sublease by giving written notice thereof to the other, and Sublandlord shall return to Subtenant any amounts delivered by Subtenant under this Sublease. Neither party shall have any liability to the other for any termination or cancellation of this Sublease as a result of Master Landlord’s failure or refusal to consent to this Sublease, unless such party by its willful act caused Master Landlord to refuse timely consent to this Sublease.

Appears in 2 contracts

Samples: Sublease (Threshold Pharmaceuticals Inc), Sublease (Exelixis Inc)

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Master Landlord’s Consent. Sublandlord and Subtenant expressly acknowledge and agree that this Sublease is subject to Master Landlord’s prior written consent to this Sublease, on a form to be provided by Master Landlord that is reasonably acceptable to Sublandlord and Subtenant (“Master Landlord’s Consent”). Sublandlord shall use commercially reasonable efforts to obtain Master Landlord’s Consent, and Subtenant agrees to cooperate in all reasonable respects in connection therewith. If Sublandlord fails to obtain Master Landlord’s Consent within thirty (30) days after execution of this Sublease by both Subtenant and Sublandlord, then either Sublandlord or Subtenant may terminate this Sublease by giving written notice thereof to the other, and Sublandlord shall return to Subtenant any amounts delivered by Subtenant under this Sublease. Neither party shall have any liability to the other for any termination or cancellation of this Sublease as a result of Master Landlord’s failure or refusal to consent to this Sublease, unless it fails to use commercially reasonable efforts to obtain such party by its willful act caused Master Landlord to refuse timely consent to Landlord’s Consent as required in this Sublease.

Appears in 1 contract

Samples: Sublease (Exelixis Inc)

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Master Landlord’s Consent. Sublandlord and Subtenant expressly acknowledge and agree that this This Sublease is subject to the consent of the Master Landlord’s prior written consent to this Sublease, on a form to be provided by Master Landlord that is reasonably acceptable to . Sublandlord and Subtenant (“Master Landlord’s Consent”). Sublandlord shall use commercially reasonable efforts to obtain the consent of Master Landlord’s Consent, and Subtenant agrees pursuant to cooperate in all reasonable respects in connection therewitha written consent reasonably satisfactory to Subtenant. If Sublandlord fails In the event the Master Landlord does not so consent to obtain Master Landlord’s Consent this Sublease within thirty (30) days after the full execution of this Sublease by both Subtenant Sublandlord and SublandlordSubtenant, then either Sublandlord or Subtenant may terminate this Sublease by giving upon written notice thereof to Sublandlord. Sublandlord and Subtenant agree to cooperate with each other in obtaining the consent of Master Landlord and in executing the form of consent to sublease as may be reasonably required in connection with obtaining Master Landlord's consent. In the event Master Landlord does not consent to this Sublease within sixty (60) days after the full execution of this Sublease by Sublandlord and Subtenant, either party may terminate this Sublease upon written notice to the other, and Sublandlord shall return to Subtenant any amounts delivered by Subtenant under this Sublease. Neither party shall have any liability to the other for any termination or cancellation of this Sublease as a result of Master Landlord’s failure or refusal to 's consent to this Subleaseshall provide that in the event Sublandlord defaults under the Master Lease, unless such party by its willful act caused Master Landlord to refuse timely consent to shall notify Subtenant. Thereafter, Subtenant shall remain in possession of the Sublease Premises on a direct lease with the Master Landlord on the same terms and conditions as contained in the Master Lease, except that the termination date shall be the termination date of this Sublease.

Appears in 1 contract

Samples: Sublease Agreement (Snap Appliances Inc)

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