Common use of Permitted Occupants Clause in Contracts

Permitted Occupants. Provided Tenant complies with the Permitted Occupant Conditions (as defined below), then, notwithstanding anything to the contrary set forth in this Lease, Tenant shall have the right to allow employees of one or more entities with whom Tenant has a business relationship (“Tenant Venturers”) to use designated portions of the Premises without execution and approval by Landlord of a separate sublease for such use. The “Permitted Occupant Conditions” shall mean all of the following: (a) the permitted occupants shall only be employees of a Tenant Venturer, (b) such occupants shall use, in the aggregate at any one time, no more than 5,000 square feet of the Premises, (c) such use shall be on a temporary basis, and, in any event, no such occupant shall have the right to use the Premises for more than six (6) consecutive months, (d) Tenant shall provide Landlord with prior written notice of the intended presence on the Premises of any such occupants, (e) the Tenant Venturer employing such permitted occupants shall provide Landlord with satisfactory evidence of insurance covering the activities of their respective employees within the Premises, and (f) such right to use the Premises shall at all times be subordinate to the Lease.

Appears in 3 contracts

Samples: Lease Agreement (St John Knits International Inc), Agreement for Purchase and Sale and Lease of Property (St John Knits International Inc), Lease Agreement (St John Knits International Inc)

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Permitted Occupants. Provided Tenant complies with the Permitted Occupant Conditions (as defined below), then, notwithstanding Notwithstanding anything in this Article XII to the contrary set forth in this Leasecontrary, Tenant shall have the right right, without the consent of Landlord (but upon reasonable prior notice to allow employees Landlord), to permit the use or occupancy of space in the Premises by any affiliate, subsidiary or other related entity of Tenant or, with respect to a portion of the Premises that is not separately demised and consists of not more than 25,000 rentable square feet of the Premises in the aggregate for periods of less than one (1) year at a time, by (i) subject to the terms of Section 11.10, one or more entities with whom Tenant has licenses to a licensee-operator of any amenities or service areas within the Premises, including, without limitation, Tenant's office service centers within the Premises, and/or (ii) persons who have an ongoing contractual or other business relationship with Tenant providing for cooperative or collaborative research and development such that such occupants have a reasonable need to work in proximity with Tenant or which (“Tenant Venturers”) such persons who shall be permitted to use designated occupy portions of the Premises without execution and approval by Landlord of pursuant to this Section 12.8 being referred to individually as a separate sublease for such use. The “Permitted Occupant ConditionsOccupant,shall mean all of or collectively as the following: “Permitted Occupants”); provided that (ax) the permitted occupants Permitted Occupants shall only be employees of a Tenant Venturer, (b) such occupants shall use, in the aggregate at any one time, no more than 5,000 square feet of the Premises, (c) such use shall be on a temporary basis, and, in any event, no such occupant shall have the right to use the Premises for more than six (6) consecutive monthsin conformity with all applicable provisions of this Lease, (dy) such occupancy will terminate automatically upon the expiration or earlier termination of this Lease and (z) Tenant shall provide Landlord with prior written notice remain frilly liable for the acts or omissions of the intended presence on Permitted Occupants in the Premises of any such occupants, (e) and at the Tenant Venturer employing such permitted occupants shall provide Landlord with satisfactory evidence of insurance covering the activities of their respective employees within the Premises, and (f) such right to use the Premises shall at all times be subordinate to the LeaseProperty.

Appears in 1 contract

Samples: Lease Agreement (Markforged Holding Corp)

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Permitted Occupants. Provided Tenant complies with the Permitted Occupant Conditions (as defined below), then, notwithstanding anything In addition to the contrary set forth space occupied by the entities described in this Section 9(a)(2) and (3) hereof, to the extent permitted under the Lease, Tenant shall have Subtenant may permit up to [*****] in the right to allow employees of one or more entities with whom Tenant has a business relationship (“Tenant Venturers”) to use designated portions aggregate of the Premises without execution and approval by Landlord of a separate sublease for such use. The “Permitted Occupant Conditions” shall mean all of the following: (a) the permitted occupants shall only to be employees of a Tenant Venturer, (b) such occupants shall use, in the aggregate at any one time, no more than 5,000 square feet of the Premises, (c) such use shall be occupied on a temporary basis, andat any time and from time to time, in by any eventclients, no agents, guests, or independent contractors of Subtenant (such persons who shall be permitted to occupy portions of the Premises pursuant to this Section 9(g) being hereinafter referred to as “Permitted Occupant,” or collectively as the “Permitted Occupants”), without the consent, recapture and profit splitting rights of Sublandlord and Prime Landlord, provided that (i) the portion of the Premises occupied by any such occupant and the portion of the Premises occupied by Subtenant shall have not be separated by demising walls , (ii) there shall be no separate identification of such Permitted Occupants in the right to Main Lobby, the Below Grade Public Lobby or the Subgrade Lobby, (iii) Subtenant shall receive no rent, payment or other consideration in connection with such occupancy in excess of the pro rata portion of the rent payable by Subtenant hereunder in respect of such space other than any nominal rent payments or other consideration for actual services rendered or provided by or for such occupant, (iv) the Permitted Occupants shall use the Premises for more than six in conformity with all of the applicable provisions of this Sublease and (6v) consecutive months, (d) Tenant Subtenant shall provide Landlord with prior send written notice of the intended presence on the Premises of to Sublandlord prior to any such occupants, occupancy that will exceed three (e3) the Tenant Venturer employing such permitted occupants shall provide Landlord with satisfactory evidence of insurance covering the activities of their respective employees within the Premises, and (f) such right to use the Premises shall at all times be subordinate to the Leasecontinuous days.

Appears in 1 contract

Samples: Sublease (Axsome Therapeutics, Inc.)

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