New Sublease Sample Clauses

New Sublease. 3 In the event of any termination of this Sublease of which City has received written notice by reason of a surrender, cancellation, or termination by RIDA, or as a result of the rejection or disaffirmance of this Sublease pursuant to bankruptcy law or other Law affecting creditors rights, or as a result of any other termination of this Sublease for any 3 Conform to Ground Lease. reason, excluding in all cases a termination under Sections 5.1(d) or 5.2(b), then City shall deliver notice to each Permitted Lender that this Sublease has been terminated or rejected, as applicable. The notice shall include a statement of all Rent that would be due under this Sublease but for the termination hereof or the rejection of this Sublease, as applicable, and all other Events of Default, or breaches under this Sublease, that are then known to City, without the duty of inquiry; provided that in no event shall such notice prevent or estop City from asserting other breaches under this Sublease or Events of Default that become known to City after the time the notice is sent to the Permitted Lender. The Permitted Mortgage Lender or any Permitted Mezzanine Lender or SPE Lender Affiliate (defined below) nominated by the first priority Permitted Mortgage Lender (a “New Tenant”) shall then have the option, to be exercised within seventy-five (75) days following receipt of such notice of termination or rejection, as applicable, to enter into a new lease (“New Sublease”) with City (the period of time during which any Permitted Lender may require a New Sublease, the “New Lease Period”),, in each case, on the following terms and conditions:

New Sublease. In the event that the Subleasehold Estate has terminated and the Leasehold Estate has also terminated (except with the consent of a Subleasehold Mortgagee or because of a Substantial Condemnation relating to the Subleasehold Estate), even if Subleasehold Mortgage failed to timely exercise its cure rights for a default under its Sublease, Landlord shall promptly give Subleasehold Mortgagee a Lease Termination Notice. By giving notice to Landlord on or before the day that is thirty (30) days after Subleasehold Mortgagee receives Landlord’s Lease Termination Notice (such thirty (30) day period, the "New Sublease Option Period"), subject to the remaining provisions of this Section 20.2, Subleasehold Mortgagee may require Landlord to enter into a New Sublease with New Subtenant. Landlord need not do so, however, unless New Subtenant has, subject to Unavoidable Delays, (a) in the New Sublease committed to cure all monetary defaults under the Sublease within thirty (30) days of commencement of the New Sublease, and to cure all non-monetary defaults under the Sublease (except Subtenant Specific Defaults) within forty five (45) days of commencement of the New Sublease, except, in the case of any such non-monetary defaults under the Sublease that cannot with due diligence be cured within forty five (45) days, New Subtenant shall have commenced such cure and committed in the New Sublease within a reasonable time under the circumstances and (b) reimbursed Landlord’s reasonable costs and expenses (including reasonable attorneys’ fees and expenses) to recover the Subleased Premises, and enter into the New Sublease. Notwithstanding the foregoing, it is expressly acknowledged and agreed that the rights of Subleasehold Mortgagee and New Subtenant under this Section 20.2 are subject and subordinate in all respects and for all purposes to the rights of Leasehold Mortgagee and New Tenant under Section 19.6 of this Lease. If Subleasehold Mortgagee exercises its option to require Landlord to enter into a New Sublease with New Subtenant, New Subtenant shall execute the New Sublease within thirty (30) days after expiration of the New Sublease Option Period or the option shall be deemed waived and of no further force and effect. In the event that a Successor Tenant acquires the Leasehold Estate through a Foreclosure Event or otherwise or New Tenant enters into a New Lease pursuant to Section 19.6 , then (x) if Subleasehold Mortgagee purports to exercise its remedies under this Sec...

New Sublease. Landlord hereby confirms its consent to the New Sublease, provided that the Landlord Consent Agreement is executed by all parties thereto. Contingent on the full execution and delivery of the New Sublease and the Landlord Consent Agreement, Landlord hereby consents to the following, at Tenant’s sole cost and expense: (a) Sublessee’s connection to and use of its prorata share of the Emergency Generator at the 500 Building; (b) Sublessee’s placement of its respective logo and/or name in the common lobby of the Fifth Expansion Premises, subject to the terms and conditions of the Lease, including, without limitation, Landlord’s prior written approval, said approval not to be unreasonably withheld; and (c) Tenant’s installation of sub- or check-meters to measure Sublessee’s use of utilities. Notwithstanding anything to the contrary in Section 14.3 of the Original Lease, no Transfer Premium shall be due in connection with the New Sublease.

New Sublease. IPC shall have executed and delivered the New Sublease in form and substance mutually satisfactory to Buyer and Seller (the "New Sublease") and IPC and the Seller shall have executed and delivered a termination of the Sublease in form and substance mutually satisfactory to Buyer and Seller.

New Sublease. Upon the execution of a sublease (“Sublease”), during the Term or Protection Period, for space in the Property (“Premises”) by The Township and a prospective tenant, Broker shall earn a commission ("Sublease Commission") in an amount equal to the product of (A) either (I) four percent (4%), if a cooperating broker is not involved, or (II) two percent (2%), if a cooperating broker or intermediary is involved in the transaction , as applicable, multiplied by (B) the aggregate of the amounts specified in the Sublease as “Base Rent” to be paid by the prospective tenant during the primary (or initial) term of the Sublease. the Township shall pay the Sublease Commission to Broker (A) one half (1/2) within 10 days after the execution of the Sublease; and (B) one half (1/2) within ten (10) days of occupancy of the Premises by the tenant under the Sublease.