Common use of Sublandlord’s Liability Clause in Contracts

Sublandlord’s Liability. Except as otherwise provided in this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master Sublandlord, their respective partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed any obligations under the Master Lease or Master Sublease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholders, directors, officers, or partners on account of any of Sublandlord’s obligations or actions under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 2 contracts

Samples: Sub Sublease (Ocz Technology Group Inc), Sub Sublease (Ocz Technology Group Inc)

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Sublandlord’s Liability. Except as otherwise provided in this Sublease, the liability of (a) In no event shall Sublandlord ever be liable to Subtenant for any default loss of business or any other indirect, punitive or consequential damages suffered or claimed by Subtenant from whatever cause. (b) Where provision is made in this Sublease for Sublandlord’s obligations under consent and Subtenant shall request such consent and Sublandlord shall fail or refuse to give such consent, Subtenant shall not be entitled to any damages for any withholding by Sublandlord of its consent, it being intended that Subtenant’s sole remedy shall be an action for specific performance or injunction, and that such remedy shall be available only in those cases where Sublandlord has expressly agreed in writing not to unreasonably withhold its consent. Any claim, demand, right or defense by Subtenant that arises out of this Sublease or the negotiations which preceded this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master Sublandlord, their respective partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed any obligations under the Master Lease or Master Sublease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reasonbarred unless Subtenant commences an action thereon, or interposes a defense by reason thereof, within six (6) months after the date of the inaction, omission, event or action that gave rise to such claim, demand, right or defense. (c) With respect to any repairs or restoration which are required or permitted to be made by Sublandlord, the same may be made during normal business hours and Sublandlord shall have no liability for damages to Subtenant for inconvenience, annoyance or other liability interruption of business arising from or incurred therefrom. In the course of any such activity, Xxxxxxxxxxx agrees to use commercially reasonable efforts not to unreasonably interfere with Subtenant’s business operations in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended uses. Premises. (d) In no event shall Subtenant shall, however, have the right to seek any injunctive terminate this Sublease as a result of Sublandlord’s default under or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision breach of this Sublease, no personal liability and Subtenant’s remedies shall at be limited to damages and/or an injunction as expressly set forth above. This Sublease and the obligations of Subtenant hereunder shall not be affected or impaired because Sublandlord is unable to fulfill any of its obligations hereunder or is delayed in doing so, if such inability or delay is caused by reason of a Force Majeure event, and the time be asserted or enforceable against for Sublandlord’s stockholders, directors, officers, or partners on account performance shall be extended for the period of any such delay. Each provision of Sublandlord’s obligations this Sublease constitutes an independent covenant, enforceable separately from each other covenant hereof. To the extent any provision hereof or actions under this Sublease. In the event any application of any assignment provision hereof may be declared unenforceable, such provision or transfer application shall not affect any other provision hereof or other application of the Sublandlordsuch provision. Subtenant acknowledges and agrees that Subtenant’s interest under this Sublease, which assignment or transfer may occur at obligation to pay Basic Rent and Escalation Charges is independent of any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 2 contracts

Samples: Sublease (Upstream Bio, Inc.), Sublease (Upstream Bio, Inc.)

Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s 's obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed any Landlord's obligations under the Master Lease Lease, except to the extent caused by Sublandlord or Sublandlord's breach of this Sublease or the Master SubleaseLease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s 's intended uses, except to the extent caused by the gross negligence or willful misconduct of Sublandlord or Sublandlord's breach of this Sublease or the Master Lease. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, . no personal liability shall at any time be asserted or enforceable against Sublandlord’s 's stockholders, directors, officers, or partners on account of any of Sublandlord’s 's obligations or actions under this Sublease. As used in this Sublease, the term "Sublandlord" means the holder of the tenant's interest under the Master Lease and "Sublandlord" means the holder of sublandlord's interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s 's interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s 's sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder, provided that Sublandlord has delivered the Security Deposit and/or Letter of Credit to the transferee and the transferee has expressly assumed Sublandlord's obligations under this Sublease. Sublandlord may shall transfer and deliver any then existing Security Deposit and/or Letter of Credit to the transferee of Sublandlord’s 's interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, thereupon Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 2 contracts

Samples: Sublease Agreement (Epocrates Inc), Sublease Agreement (Epocrates Inc)

Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed any Landlord’s obligations under the Master Lease or Master SubleaseLease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholders, directors, officers, or partners on account of any of Sublandlord’s obligations or actions under this Sublease. As used in this Sublease, the term “Sublandlord” means the holder of the tenant’s interest under the Master Lease and the holder of Sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, thereupon Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 2 contracts

Samples: Sublease (Guidewire Software, Inc.), Sublease (Glu Mobile Inc)

Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed any Landlord’s obligations under the Master Lease or Master SubleaseLease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholders, directors, officers, or partners on account of any of Sublandlord’s obligations or actions under this Sublease, As used in this Sublease, the term “Sublandlord” means the holder of the tenant’s interest under the Master Lease and the holder of Sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit security deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, thereupon Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 1 contract

Samples: Sublease (Guidewire Software, Inc.)

Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s 's obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for for: (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or and/or assigns to perform or cause to be performed any Landlord's obligations under the Master Lease or Master SubleaseLease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s 's intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s 's stockholders, directors, officers, or partners on account of any of Sublandlord’s 's obligations or actions under this Sublease. As used in this Sublease, the term "Sublandlord" means the holder of the tenant's interest under the Master Lease and "Sublandlord" means the holder of sublandlord's interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s 's interest under this Sublease, which and provided that (i) Subtenant has been notified of such assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the and (ii) all of Subtenant's Security Deposit and prepaid rents have also been assigned or transferred to such assignee or transferee of Sublandlord’s obligations hereunder, Sublandlord and (iii) the assignee or transferee has agreed to recognize Subtenant's rights as set forth herein and recognize Subtenant as its subtenant in a written instrument. Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be discharged from any further liability with respect theretotransfer.

Appears in 1 contract

Samples: Sublease Agreement (Galaxy Nutritional Foods Inc)

Sublandlord’s Liability. Except as otherwise provided Subtenant acknowledges that Sublandlord is a professional corporation, that the shareholders of Sublandlord shall not be personally liable under this Sublease, the Consent or the Work Agreement, and that the contractual limitation of liabilities set forth in this sentence shall be in addition to any other limitation of liability that exists under applicable law. Subtenant further agrees that to the extent Sublandlord or any successor Sublandlord is a professional corporation, law firm partnership, or limited liability partnership, that, notwithstanding any provisions to the contrary contained in this Sublease, the liability (a) no present or future partner, member or shareholder of Sublandlord that is a natural person, and (b) no natural person that is an owner of a professional corporation that is a partner, member or shareholder of Sublandlord (as opposed to any professional corporations that are partners of Sublandlord), shall have any personal liability to Subtenant for the obligations of Sublandlord under this Sublease, the Consent or the Work Agreement, the relationship of Subtenant and Sublandlord, or Sublandlord’s use of the Subleased Premises as a result of, without more, such natural person being a partner, member, or shareholder of Sublandlord or the owner of a professional corporation that is a partner, member or shareholder of Sublandlord. Sublandlord (including any default Successor Law Firm as defined in the Master Lease) shall be solely liable for all of the obligations of Sublandlord under this Sublease, the Consent or the Work Agreement to the extent of the assets of Sublandlord, including, without limitation, the undistributed capital, undistributed net earnings, undistributed fees earned (including fees that are either unbilled or billed and uncollected), and tangible and intangible assets, accounts receivable and personal property of Sublandlord. It is understood and agreed that the non-law firm assets of individual partners, members, or shareholders of Sublandlord that are natural persons (as distinguished from the interest in undistributed assets of Sublandlord of any partner of Sublandlord that is a natural person and the non-law firm assets of any partner, member, or shareholder of Sublandlord that is a professional corporation), may not be seized or attached by Subtenant for the satisfaction of Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master Sublandlord, their respective partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed any obligations under the Master Lease or Master Sublease, (b) lost revenues, lost profit the Consent or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable lawWork Agreement. Notwithstanding any other term or provision of this Subleasethe foregoing, no personal liability shall at any time be asserted or enforceable against Subtenant acknowledges and agrees that Sublandlord’s stockholders, directors, officers, client files and materials covered by the attorney-client privilege also may not be seized or partners on account of any attached by Subtenant in satisfaction of Sublandlord’s obligations or actions under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations obligation hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 1 contract

Samples: Deed of Lease (Titan Corp)

Sublandlord’s Liability. Except as otherwise specifically provided in this Subleaseherein, Sublandlord shall have no responsibility whatsoever with respect to the Premises, the liability condition thereof or Subtenant's property situated therein, except for loss, injury or damage caused by Sublandlord's gross negligence or willful misconduct. Sublandlord shall not be liable for the failure by Landlord to keep and perform, according to the terms of Sublandlord to Subtenant the Prime Lease, Landlord's duties, covenants, agreements, obligations, restrictions, conditions and provisions, nor for any default delay or interruption in Sublandlord’s obligations under Landlord's keeping and performing the same. Sublandlord hereby assigns to Subtenant, for so long as this Sublease shall be limited in force and effect, any and all rights of Sublandlord under the Prime Lease with respect to actualthe Premises and causes of action which Sublandlord may have against Landlord with respect to the Premises due to default by Landlord under the Prime Lease, direct damagesexcluding however (i) those provisions of the Prime Lease set forth in subparagraph 5(b) hereof, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (aii) any lossesright of self-help or rent abatement. Sublandlord agrees to cooperate with and join Subtenant in any claims or suits brought by Subtenant against Landlord under the Prime Lease, costsprovided that such participation shall be without cost or expense to Sublandlord. Subtenant has inspected the Premises and its contents to its satisfaction and, claimsexcept as specifically set forth herein, causes of actionagrees to accept the Premises and its contents in its "as-is, damages or other liability incurred in connection with a failure of Master Landlord or Master Sublandlord, their respective partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed where-is" condition without any obligations under on Sublandlord to repair or modify the Master Lease same. No allowances for moving, plans or Master Sublease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for tenant improvements are provided to Subtenant’s intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholders, directors, officers, or partners on account of any of Sublandlord’s obligations or actions under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 1 contract

Samples: Sublease (Banks of the Chesapeake Inc)

Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s 's obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed any Landlord's obligations under the Master Lease or Master SubleaseLease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s 's intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s 's stockholders, directors, officers, or partners on account of any of Sublandlord’s 's obligations or actions under this Sublease. In the event of any assignment or transfer of the Sublandlord’s 's interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s 's sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s 's interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, thereupon Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 1 contract

Samples: Sub Sublease (Aquantive Inc)

Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublesseessubtenants, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or and/or assigns to perform or cause to be performed any Landlord’s obligations under the Original Master Lease except to the extent caused by Sublandlord or Sublandlord’s breach of this Sublease or the Original Master SubleaseLease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended uses, except to the extent caused by the negligence or willful misconduct of Sublandlord or Sublandlord’s breach of this Sublease or the Original Master Lease. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, subtenants, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason except in the event of Subtenant’s holdover of the Subleased Premises after the expiration of the term of the Original Master Lease whereby Sublandlord is liable to Landlord for any losses, costs, damages, liabilities or claims relating to such holdover. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s or Subtenant’s stockholders, directors, officers, or partners on account of any of Sublandlordsuch party’s respective obligations or actions under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be discharged from any further liability with respect thereto.As

Appears in 1 contract

Samples: Sublease (Solyndra, Inc.)

Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or and/or assigns to perform or cause to be performed any Landlord’s obligations under the Master Lease or Master SubleaseLease, except as otherwise provided herein, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholders, directors, officers, or partners on account of any of Sublandlord’s obligations or actions under this Sublease. As used in this Sublease, the term “Sublandlord” means the holder of the tenant’s interest under the Master Lease and the holder of Sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, thereupon Sublandlord shall be discharged from any further liability with respect theretothereto provided that such transferee has assumed in writing all of Sublandlord’s obligations under this Sublease.

Appears in 1 contract

Samples: Sublease (Pain Therapeutics Inc)

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Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed any Landlord’s obligations under the Master Lease or Master SubleaseLease, except as otherwise provided herein, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholders, directors, officers, or partners on account of any of Sublandlord’s obligations or actions under this Sublease. As used in this Sublease, the term “Sublandlord” means the holder of the tenant’s interest under the Master Lease and the holder of Sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, thereupon Sublandlord shall be discharged from any further liability with respect theretothereto provided that such transferee has assumed in writing all of Sublandlord’s obligations under this Sublease.

Appears in 1 contract

Samples: Sublease (NeurogesX Inc)

Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or and/or assigns to perform or cause to be performed any Landlord’s obligations under the Master Lease or Master SubleaseLease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Further, Sublandlord shall not be liable to Subtenant, and Subtenant hereby waives any claim against Sublandlord, for any losses, costs, claims, causes of action, damages or other liability incurred or suffered as a consequence of any unauthorized or criminal entry of third parties into the Subleased Premises, the North Tower or the Complex, including, without limitation, any harm to persons or loss or theft of, or damage to, property, regardless of any action, inaction, failure, malfunction and/or insufficiency of any access controls or security guard services provided by Sublandlord, if any. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholdersshareholders, directors, officers, officers or partners on account of any of Sublandlord’s obligations or actions under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunderTO BE PERFORMED BY SUBLANDLORD HEREUNDER. Sublandlord may transfer and deliver any SUBLANDLORD MAY TRANSFER AND DELIVER ANY then existing Security Deposit Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, thereupon Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 1 contract

Samples: Sublease (Vir Biotechnology, Inc.)

Sublandlord’s Liability. Except as otherwise specifically provided in this Subleaseherein, Sublandlord shall have no responsibility whatsoever with respect to the Subleased Premises, the liability condition thereof or Subtenant’s property situated therein, except for loss, injury or damage caused by Sublandlord’s gross negligence or willful misconduct. Unless such failure is a result of Sublandlord’s default under the Prime Lease, Sublandlord shall not be liable for the failure by Prime Landlord to Subtenant keep and perform, according to the terms of the Prime Lease, Prime Landlord’s duties, covenants, agreements, obligations, restrictions, conditions and provisions, nor for any default delay or interruption in SublandlordPrime Landlord’s obligations under keeping and performing the same. Sublandlord hereby assigns to Subtenant, for so long as this Sublease shall be limited to actualin force and effect, direct damages, any and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from all rights of Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master Sublandlord, their respective partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed any obligations under the Master Prime Lease or Master Sublease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of respect to the Subleased Premises or suitability and causes of action which Sublandlord may have against Prime Landlord with respect to the Subleased Premises for Subtenant’s intended uses. Subtenant shalldue to default by Prime Landlord under the Prime Lease, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholders, directors, officers, or partners on account of any of Sublandlord’s obligations or actions under this Sublease. In the event of any assignment or transfer excluding however (i) those provisions of the Prime Lease set forth in subsection 7(b) hereof in which certain rights under the Prime Lease are retained by Sublandlord’s interest , and (ii) any right of self help or rent abatement. Sublandlord agrees to cooperate with and, if requested by Subtenant, join Subtenant in any claims or suits brought by Subtenant against Prime Landlord under this Subleasethe Prime Lease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord provided that such participation shall be and hereby is entirely relieved of all covenants and obligations of without unreasonable cost or expense to Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter in no event exceed Five Hundred Dollars ($500.00). No allowances for moving, plans or tenant improvements are provided to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be discharged from any further liability with respect theretoSubtenant.

Appears in 1 contract

Samples: Sublease (K12 Inc)

Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or and/or assigns to perform or cause to be performed any Master Landlord’s obligations under the Master Lease Lease, except to the extent caused by Sublandlord or Sublandlord’s breach of this Sublease or the Master SubleaseLease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended uses. Subtenant shall, however, have except to the right to seek any injunctive extent caused by the gross negligence or other equitable remedies as may be available to Subtenant under applicable lawwillful misconduct of Sublandlord or Sublandlord’s breach of this Sublease or the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholders, directors, officers, or partners on account of any of Sublandlord’s obligations or actions under this Sublease. As used in this Sublease, the term “Sublandlord” means the holder of Sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder, provided that Sublandlord has delivered the Security Deposit to the transferee and the transferee has expressly assumed Sublandlord’s obligations under this Sublease. Sublandlord may shall transfer and deliver (i) any then then-existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon (ii) the written assumption of this Sublease and the Master Lease by Transferee, and (iii) written notice to Subtenant identifying the transferee amount of Sublandlord’s obligations hereunderthe Security Deposit transferred and the name and address of the transferee, and, provided that the entire remaining amount of the Security Deposit has been transferred, Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 1 contract

Samples: Sublease Agreement (Invitae Corp)

Sublandlord’s Liability. Except as otherwise specifically provided in this Subleaseherein, ----------------------- Sublandlord shall have no responsibility whatsoever with respect to the Subleased Premises, the liability condition thereof or Subtenant's property situated therein, except for loss, injury or damage caused by Sublandlord's gross negligence or willful misconduct. Sublandlord shall not be liable for the failure by Landlord to keep and perform, according to the terms of Sublandlord to Subtenant the Prime Lease, Landlord's duties, covenants, agreements, obligations, restrictions, conditions and provisions, nor for any default delay or interruption in Sublandlord’s obligations under Landlord's keeping and performing the same. Sublandlord hereby assigns to Subtenant, for so long as this Sublease shall be limited in force and effect, any and all rights of Sublandlord under the Prime Lease with respect only to actual, direct damages, the Subleased Premises and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection action which Sublandlord may have against Landlord with a failure of Master respect to the Subleased Premises due to default by Landlord or Master Sublandlord, their respective partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed any obligations under the Master Prime Lease, excluding however (i) those provisions of the Prime Lease or Master specifically excluded from the Sublease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (cii) any damages right of self-help or rent abatement, unless Sublandlord receives the benefit thereof and (iii) any right or remedy which affects any portion of the premises leased by the Prime Lease other liability arising from than the Subleased Premises. Sublandlord agrees to cooperate with and join Subtenant in any claims or incurred in connection with suits brought by Subtenant against Landlord under the condition of Prime Lease, provided that such participation shall be without cost or expense to Sublandlord. Subtenant has inspected the Subleased Premises or suitability of and its contents to its satisfaction and, except as specifically set forth herein, agrees to accept the Subleased Premises and its contents in its "as-is, where-is" condition without any obligations on Sublandlord to repair or modify the same. No allowances for moving, plans or tenant improvements are provided to Subtenant’s intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholders, directors, officers, or partners on account of any of Sublandlord’s obligations or actions under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 1 contract

Samples: Sublease (Onesoft Corp)

Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or assigns to perform or cause to be performed any Landlord’s obligations under the Master Lease or Master SubleaseLease, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) subject to Section 14, any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended usesuses or the condition of the Subleased Premises, other than liability arising from Sublandlord’s gross negligence. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholders, directors, officers, or partners on account of any of Sublandlord’s obligations or actions under this Sublease. As used in this Sublease, the term “Sublandlord” means the holder of the tenant’s interest under the Master Lease and “Sublandlord” means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, thereupon Sublandlord shall be discharged from any further liability with respect thereto.

Appears in 1 contract

Samples: Sublease Agreement (Vitalstream Holdings Inc)

Sublandlord’s Liability. Except as otherwise provided in Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for (a) any losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Master Landlord or Master SublandlordLandlord, their respective its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and /or and/or assigns to perform or cause to be performed any Landlord’s obligations under the Master Lease or Master SubleaseLease, except as otherwise provided herein, (b) lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, or (c) any damages or other liability arising from or incurred in connection with the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended uses. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under applicable law. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Sublandlord’s stockholders, directors, officers, or partners on account of any of Sublandlord’s obligations or actions under this Sublease. As used in this Sublease, the term “Sublandlord” means the holder of the tenant’s interest under the Master Lease and “Sublandlord” means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, upon the written assumption by the transferee of Sublandlord’s obligations hereunder, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and upon the written assumption by the transferee of Sublandlord’s obligations hereunder, thereupon Sublandlord shall be discharged from any further liability with respect theretothereto provided that such transferee has assumed in writing all of Sublandlord’s obligations under this Sublease.

Appears in 1 contract

Samples: Sublease (NeurogesX Inc)

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