Relationship With Landlord. Tenant hereby assigns and transfers to Landlord the Tenant’s interest in the Sublease and all rentals and income arising therefrom, subject to the terms of this Section 4. Landlord, by consenting to the Sublease agrees that except while a default beyond applicable notice and cure periods shall exist in the performance of Tenant’s obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default beyond applicable notice and cure periods in the performance of its obligations to Landlord under the Lease (whether or not Landlord terminates the Lease), Landlord may at its option by notice to Tenant, either (i) terminate the Sublease (only if Landlord terminates the Lease), (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 4.1, below, or (iii) elect to succeed to Tenant’s interest in the Sublease and cause Subtenant to attorn to Landlord, as further set forth in Section 4.2, below (only if Landlord terminates the Lease).
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Samples: Sublease (Alector, Inc.)
Relationship With Landlord. Tenant hereby assigns and transfers to Landlord the Tenant’s 's interest in the Sublease and all rentals and income arising therefrom, subject to the terms of this Section 4SECTION 3. Landlord, by consenting to the Sublease agrees that except while until a default beyond applicable notice and cure periods shall exist occur in the performance of Tenant’s 's obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default beyond applicable notice and cure periods in the performance of its obligations to Landlord under SECTION 21.1 of the Lease (whether or not Landlord terminates the Lease), Landlord may may, in connection with SECTION 22.1 of the Lease, at its option by notice to Tenant, either (i) terminate the Sublease (only if Landlord terminates the Lease)Sublease, (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 4.1SECTION 3.1, below, or (iii) elect to succeed to Tenant’s 's interest in the Sublease and cause Subtenant to attorn to Landlord, as further set forth in Section 4.2SECTION 3.2, below (only if Landlord terminates the Lease)below.
Appears in 1 contract
Samples: Sublease (Imageware Systems Inc)
Relationship With Landlord. Tenant hereby assigns and transfers to Landlord the Tenant’s interest in the Sublease and all rentals and income arising therefrom, subject to the terms of this Section 4. Landlord, by consenting to the Sublease agrees that except while until a default beyond applicable notice and cure periods shall exist occur in the performance of Tenant’s obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default beyond applicable notice and cure periods in the performance of its obligations to Landlord under the Lease (whether or not Landlord terminates the Lease), Landlord may at its option by notice to Tenant, either (i) terminate the Sublease (only if Landlord terminates the Lease), (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 4.1, 4.1 below, or (iii) elect to succeed to Tenant’s interest in the Sublease and cause Subtenant to attorn to Landlord, as further set forth in Section 4.2, 4.2 below (only if Landlord terminates the Lease).
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Samples: Consent to Sublease Agreement (Bolt Biotherapeutics, Inc.)
Relationship With Landlord. Tenant hereby assigns and transfers to Landlord the Tenant’s Xxxxxx's interest in the Sublease and all rentals and income arising therefrom, subject to the terms of this Section 4. Landlord, by consenting to the Sublease agrees that except while until a default beyond applicable notice and cure periods shall exist occur in the performance of Tenant’s 's obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default beyond applicable notice and cure periods in the performance of its obligations to Landlord under the Lease (whether or not Landlord terminates the Lease), Landlord may at its option by notice to Tenant, either (i) terminate the Sublease (only if Landlord terminates the Lease), (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 4.1, 4.1 below, or (iii) elect to succeed to Tenant’s Xxxxxx's interest in the Sublease and cause Subtenant to attorn to Landlord, as further set forth in Section 4.2, 4.2 below (only if Landlord terminates the Lease).
Appears in 1 contract
Samples: Consent to Sublease Agreement (Prothena Corp Public LTD Co)