Common use of SUB-SUBLEASES Clause in Contracts

SUB-SUBLEASES. (1) The Borough, at its discretion, may consent to a sub-sublease if: (a) In the Borough's reasonable opinion, the proposed sub-sublease is in the best interest of the Airport's operation; (b) The Sublessee sub-subleases the space for an amount not exceeding the rent the Borough charges for that space plus the Sublessee's maintenance and operation costs, an allowance for amortization of the Sublessee's improvements and a fifteen percent (15%) administrative charge; (c) The term of any sub-sublease does not extend beyond the expiration of the term of this Sublease; and (d) The Borough has no comparable vacant space available for the proposed sub- sublease. (2) Consent to a sub-sublease by the Borough does not relieve or otherwise alter the obligations of the Sublessee under this Sublease.

SUB-SUBLEASES. (1) The Borough, at its discretion, may consent to a sub-sublease if: (a) In the Borough's reasonable opinion, the proposed sub-sublease is in the best interest of the Borough’s operation of the Airport's operation; (b) The Sublessee sub-subleases the space for an amount not exceeding the rent the Borough charges for that space plus the Sublessee's maintenance and operation costs, an allowance for amortization of the Sublessee's improvements and a fifteen percent (15%) administrative charge; (c) The term of any sub-sublease does not extend beyond the expiration of the term of this Sublease; and (d) The Borough has no comparable vacant space available for the proposed sub- sub-sublease. (2) Consent to a sub-sublease by the Borough does not relieve or otherwise alter the obligations of the Sublessee under this Sublease.