Common use of Proposed Sublet Premises Clause in Contracts

Proposed Sublet Premises. Landlord hereby acknowledges that, during the first year of the Lease Term, Tenant intends to sublease up to fifty percent of the Leased Premises. Provided Tenant is not in default of this Lease, Landlord agrees that it will not exercise its right, as provided for in Paragraph 19, to terminate the Lease as a result of a request by Tenant to sublease fifty percent or less of the Premises for a sublease term not to extend beyond July 14, 1999. In such event, Landlord agrees to issue Landlord's standard consent to said sublease, subject to (a) Tenant submitting to Landlord a copy of said sublease (prior to said sublease commencing), (b) Landlord, Tenant and Subtenant thereafter executing Landlord's standard Consent to Sublease agreement and (c) Landlord receives payment from Tenant of Landlord's costs for processing said Sublease Consent prior to said sublease commencing. In addition to and notwithstanding anything to the contrary in Paragraph 19, Tenant shall be entitled to retain one hundred percent of any rents due Tenant from a subtenant on the Proposed Sublet Premises in excess of the Rent payable by Tenant to Landlord hereunder ("Excess Rent") during the period prior to July 15, 1999.

Proposed Sublet Premises. Landlord hereby acknowledges that, during the first year of at any time from the Lease TermCommencement Date to January 1, 2004, Tenant intends to sublease up to fifty sixty percent of the Leased Premises. Provided Tenant is not in default of this Lease, Landlord agrees that it will not exercise its right, as provided for in Paragraph 1916, to terminate the Lease as a result of a request by Tenant to sublease fifty sixty percent or less of the Premises to a single sublessee for a sublease term not to extend beyond July 14January 1, 19992004. In such event, Landlord agrees to issue Landlord's ’s standard consent to said sublease, subject to (a) Tenant submitting to Landlord a copy of said sublease (prior to said sublease commencing), (b) Landlord, Tenant and Subtenant thereafter executing Landlord's ’s standard Consent to Sublease agreement and (c) Landlord receives payment from Tenant of Landlord's ’s costs for processing said Sublease Consent prior to said sublease commencing. In addition to and notwithstanding anything to the contrary in Paragraph 19, Tenant shall be entitled to retain one hundred percent of any rents due Tenant from a subtenant on the Proposed Sublet Premises in excess of the Rent payable by Tenant to Landlord hereunder ("Excess Rent") during the period prior to July 15, 1999.