Common use of Sublease Consent Clause in Contracts

Sublease Consent. Lessee shall not, without the prior written consent of Lessor (which shall not be unreasonably withheld), (i) advertise that any portion of the Leased Premises is available for lease, (ii) assign, sublease, or encumber this Lease or any estate or interest herein, whether directly or by operation of law, (iii) permit any other entity to become Lessee hereunder by merger, consolidation, or other reorganization, (iv) sublet any portion of the Leased Premises, (v) grant any license, concession, or other right of occupancy of any portion of the Leased Premises, or (vi) permit the use of the Leased Premises by any parties other than Lessee (any of the events listed in clauses (ii) through (vi) being a "Sublease"). If Lessee requests Lessor's consent to a Sublease, -------- then Lessee shall provide Lessor with a written description of all terms and conditions of the proposed Sublease, copies of the proposed documentation, and the following information about the proposed sublease: name and address; reasonably satisfactory information about its business and business history; its proposed use of the Leased Premises; banking, financial, and other credit information; and general references sufficient to enable Lessor to determine the proposed sublessee's credit worthiness and character. Lessee shall reimburse Lessor for its attorneys' fees and other expenses incurred in connection with considering any request for its consent to a Sublease. If Lessor consents to a proposed Sublease, then the proposed sublessee shall deliver to Lessor a written agreement whereby it expressly assumes the Lessee's obligations hereunder; however, any sublessee of less than all of the space in the Leased Premises shall be liable only for obligations under this Lease that are properly allocable to the space subject to the Sublease, and only to the extent of the rent it has agreed to pay Lessee therefor. Lessor's consent to a Sublease shall not release Lessee from performing its obligations under this Lease, but rather Lessee and its sublessee shall be jointly and severally liable therefor. Lessor's consent to any Sublease shall not waive Lessor's rights as to any subsequent Subleases. If an Event of Default occurs while the Leased Premises or any part thereof are subject to a Sublease, then Lessor, in addition to its other remedies, may collect directly from such sublessee all rents becoming due to Lessee and apply such rents against rent. Lessee authorizes its sublessees to make payments of rent directly to Lessor upon receipt of notice from Lessor to do so.

Appears in 2 contracts

Samples: Office Lease Agreement (Titan Exploration Inc), Office Lease Agreement (Pure Resources Inc)

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Sublease Consent. Lessee The parties acknowledge and agree that the Lease provides that Sublandlord’s ability to sublet the Subleased Premises is subject to the consent of the Landlord, and therefore, a condition to the effectiveness of this Sublease is that the Landlord execute and deliver the Sublease Consent in a form reasonably satisfactory to Sublandlord. Sublandlord shall notuse reasonable efforts to obtain such consent, and Subtenant shall reasonably cooperate with Sublandlord in connection with those efforts, including, without limitation, promptly delivering such financial and other information and documentation that Landlord reasonably requests. If, notwithstanding such reasonable efforts, Landlord does not execute a Sublease Consent in form reasonably satisfactory to Sublandlord by March 18 , 2010 this Sublease shall be null and void and of no further effect, in which case Sublandlord and Subtenant shall promptly return to one another any items or funds delivered to the other pursuant to this Sublease, and neither shall have any further obligations to the other hereunder. Sublandlord will request that Landlord incorporate into the Sublease Consent Landlord’s agreement to recognize this Sublease as a direct lease between Landlord and Subtenant in the event of the termination of the Lease prior written consent to its scheduled expiration date. Subtenant acknowledges and agrees that the effectiveness of Lessor (which this Sublease shall not be unreasonably withheld), (i) advertise that any portion contingent on Landlord’s agreement to recognize the Sublease as a direct lease in the event of the Leased Premises is available for lease, (ii) assign, sublease, or encumber this Lease or any estate or interest herein, whether directly or by operation of law, (iii) permit any other entity to become Lessee hereunder by merger, consolidation, or other reorganization, (iv) sublet any portion termination of the Leased Premises, (v) grant any license, concession, or other right of occupancy of any portion of the Leased Premises, or (vi) permit the use of the Leased Premises by any parties other than Lessee (any of the events listed in clauses (ii) through (vi) being a "Sublease"). If Lessee requests Lessor's consent to a Sublease, -------- then Lessee shall provide Lessor with a written description of all terms and conditions of the proposed Sublease, copies of the proposed documentation, and the following information about the proposed sublease: name and address; reasonably satisfactory information about its business and business history; its proposed use of the Leased Premises; banking, financial, and other credit information; and general references sufficient to enable Lessor to determine the proposed sublessee's credit worthiness and character. Lessee shall reimburse Lessor for its attorneys' fees and other expenses incurred in connection with considering any request for its consent to a Sublease. If Lessor consents to a proposed Sublease, then the proposed sublessee shall deliver to Lessor a written agreement whereby it expressly assumes the Lessee's obligations hereunder; however, any sublessee of less than all of the space in the Leased Premises shall be liable only for obligations under this Lease that are properly allocable to the space subject to the Sublease, and only to the extent of the rent it has agreed to pay Lessee therefor. Lessor's consent to a Sublease shall not release Lessee from performing its obligations under this Lease, but rather Lessee and its sublessee shall be jointly and severally liable therefor. Lessor's consent to any Sublease shall not waive Lessor's rights as to any subsequent Subleases. If an Event of Default occurs while the Leased Premises or any part thereof are subject to a Sublease, then Lessor, in addition prior to its other remedies, may collect directly from such sublessee all rents becoming due to Lessee and apply such rents against rent. Lessee authorizes its sublessees to make payments of rent directly to Lessor upon receipt of notice from Lessor to do soscheduled expiration date.

Appears in 2 contracts

Samples: Sublease Agreement (Northwest Biotherapeutics Inc), Sublease Agreement (Northwest Biotherapeutics Inc)

Sublease Consent. Lessee This Sublease shall not, without become effective only if the prior written consent hereto of Lessor (which Underlying Landlord is first obtained. If such written consent is not obtained, then this Sublease shall not be unreasonably withheld)void and of no force or effect and Sublessor shall return to Sublessee the first month’s rent and the security deposit, (i) advertise that and thereupon neither party shall have any portion further obligation to the other. Upon execution and delivery of this Sublease by Sublessor and Sublessee and receipt of the Leased Premises is available for leasefirst month’s rent and security deposit, (ii) assign, sublease, or encumber Sublessor shall promptly request the consent of Underlying Landlord to this Lease or any estate or interest herein, whether directly or by operation of law, (iii) permit any other entity Sublease. Sublessee agrees to become Lessee hereunder by merger, consolidation, or other reorganization, (iv) sublet any portion of the Leased Premises, (v) grant any license, concession, or other right of occupancy of any portion of the Leased Premises, or (vi) permit the use of the Leased Premises by any parties other than Lessee (any of the events listed in clauses (ii) through (vi) being a "Sublease"). If Lessee requests Lessor's consent to a Sublease, -------- then Lessee shall provide Lessor with a written description of all terms and conditions of the proposed Sublease, copies of the proposed documentation, and the following such information about the proposed sublease: name and address; reasonably satisfactory information about its business and business history; its proposed use of the Leased Premises; banking, financial, and other credit information; and general references sufficient to enable Lessor to determine the proposed sublessee's credit worthiness and character. Lessee shall reimburse Lessor for its attorneys' fees and other expenses incurred in connection with considering such request as Underlying Landlord shall reasonably request. If the foregoing consent is not obtained within the time period provided to Underlying Landlord pursuant to the Underlying Lease, then this Sublease shall be deemed cancelled, null and void. Sublessee acknowledges and agrees that Underlying Landlord shall retain and be afforded any request for its consent and all rights granted specifically to Underlying Landlord by the Underlying Lease with respect to a Sublease. If Lessor consents to a proposed Sublease, then the proposed sublessee shall deliver to Lessor a written agreement whereby it expressly assumes the Lessee's obligations hereunder; however, any sublessee of less than all requested subletting of the space in Premises, and that any potential interest of Sublessee to occupy the Leased Sublet Premises shall be liable only for obligations under this Lease that are properly allocable remain subject and subordinate to the space subject to the Sublease, and only to the extent rights of the rent it has agreed to pay Lessee therefor. Lessor's consent to a Sublease shall not release Lessee from performing its obligations under this Lease, but rather Lessee and its sublessee shall be jointly and severally liable therefor. Lessor's consent to any Sublease shall not waive Lessor's rights as to any subsequent Subleases. If an Event of Default occurs while the Leased Premises or any part thereof are subject to a Sublease, then Lessor, in addition to its other remedies, may collect directly from such sublessee all rents becoming due to Lessee and apply such rents against rent. Lessee authorizes its sublessees to make payments of rent directly to Lessor upon receipt of notice from Lessor to do soUnderlying Landlord related thereto.

Appears in 1 contract

Samples: Sublease Agreement (Oncocyte Corp)

Sublease Consent. Lessee This Sublease shall not, without become effective only if the prior written consent hereto of Lessor (which shall not be unreasonably withheld), (i) advertise that any portion of the Leased Premises Underlying Landlord is available for lease, (ii) assign, sublease, or encumber this Lease or any estate or interest herein, whether directly or by operation of law, (iii) permit any other entity to become Lessee hereunder by merger, consolidation, or other reorganization, (iv) sublet any portion of the Leased Premises, (v) grant any license, concession, or other right of occupancy of any portion of the Leased Premises, or (vi) permit the use of the Leased Premises by any parties other than Lessee (any of the events listed in clauses (ii) through (vi) being a "Sublease")obtained. If Lessee requests Lessorsuch written consent is not obtained, then this Sublease shall be null and void and of no force or effect and Sublessor shall return to Sublessee the first (1st) month's consent to a Sublease, -------- then Lessee shall provide Lessor with a written description of all terms and conditions of the proposed Sublease, copies of the proposed documentation, rent and the following security deposit and thereupon neither party shall have any further obligation to the other. Sublessor shall promptly request the consent of Underlying Landlord to this Sublease. Sublessee agrees to provide such information about the proposed sublease: name and address; reasonably satisfactory information about its business and business history; its proposed use of the Leased Premises; banking, financial, and other credit information; and general references sufficient to enable Lessor to determine the proposed sublessee's credit worthiness and character. Lessee shall reimburse Lessor for its attorneys' fees and other expenses incurred in connection with considering such request as Underlying Landlord shall reasonably request. If the foregoing consent is not obtained within sixty (60) days following the execution and delivery of this Sublease by both parties, then either Sublessor or Sublessee may, within ten (10) days following the expiration of said sixty (60) day period, cancel this Sublease by giving written notice to the other party of its election to cancel. If either Sublessor or Sublessee do not give notice to cancel within said ten (10) day period, Sublessor or Sublessee shall only have the right to cancel this Sublease pursuant to this Article 22, thereafter only up until the time Underlying Landlord's consent may ultimately be given. Upon Sublessor's receipt of a valid notice of cancellation, this Sublease shall be null and void and Sublessor shall return to Sublessee the first (1st) month's rent and thereupon neither party shall have any request for its further obligation to the other. In the event that Underlying Landlord shall notify Sublessor that it will not consent to a Sublease. If Lessor consents to a proposed this Sublease, then Sublessor will promptly notify Sublessee of such fact, return to Sublessee the proposed sublessee shall deliver to Lessor a written agreement whereby it expressly assumes the Lesseefirst (1st) month's obligations hereunder; howeverrent and security deposit, any sublessee of less than all of the space in the Leased Premises and thereupon this Sublease shall be liable only for obligations under this Lease that are properly allocable to the space subject to the Sublease, null and only to the extent of the rent it has agreed to pay Lessee therefor. Lessor's consent to a Sublease shall not release Lessee from performing its obligations under this Lease, but rather Lessee and its sublessee shall be jointly and severally liable therefor. Lessor's consent to any Sublease shall not waive Lessor's rights as to any subsequent Subleases. If an Event of Default occurs while the Leased Premises or any part thereof are subject to a Sublease, then Lessor, in addition to its other remedies, may collect directly from such sublessee all rents becoming due to Lessee and apply such rents against rent. Lessee authorizes its sublessees to make payments of rent directly to Lessor upon receipt of notice from Lessor to do sovoid.

Appears in 1 contract

Samples: Sublease Agreement (Individual Investor Group Inc)

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Sublease Consent. Lessee The parties acknowledge and agree that the Lease provides that Sublandlord’s ability to sublet the Subleased Premises is subject to the consent of the Landlord, and therefore, a condition to the effectiveness of this Sublease is that the Landlord execute and deliver the Sublease Consent in a form reasonably satisfactory to Sublandlord. Sublandlord shall notuse reasonable efforts to obtain such consent, and Subtenant shall reasonably cooperate with Sublandlord in connection with those efforts, including, without limitation, promptly delivering such financial and other information and documentation that Landlord reasonably requests. If, notwithstanding such reasonable efforts, Landlord does not execute a Sublease Consent in form reasonably satisfactory to Sublandlord by March 18, 2010 this Sublease shall be null and void and of no further effect, in which case Sublandlord and Subtenant shall promptly return to one another any items or funds delivered to the other pursuant to this Sublease, and neither shall have any further obligations to the other hereunder. Sublandlord will request that Landlord incorporate into the Sublease Consent Landlord’s agreement to recognize this Sublease as a direct lease between Landlord and Subtenant in the event of the termination of the Lease prior written consent to its scheduled expiration date. Subtenant acknowledges and agrees that the effectiveness of Lessor (which this Sublease shall not be unreasonably withheld), (i) advertise that any portion contingent on Landlord’s agreement to recognize the Sublease as a direct lease in the event of the Leased Premises is available for lease, (ii) assign, sublease, or encumber this Lease or any estate or interest herein, whether directly or by operation of law, (iii) permit any other entity to become Lessee hereunder by merger, consolidation, or other reorganization, (iv) sublet any portion termination of the Leased Premises, (v) grant any license, concession, or other right of occupancy of any portion of the Leased Premises, or (vi) permit the use of the Leased Premises by any parties other than Lessee (any of the events listed in clauses (ii) through (vi) being a "Sublease"). If Lessee requests Lessor's consent to a Sublease, -------- then Lessee shall provide Lessor with a written description of all terms and conditions of the proposed Sublease, copies of the proposed documentation, and the following information about the proposed sublease: name and address; reasonably satisfactory information about its business and business history; its proposed use of the Leased Premises; banking, financial, and other credit information; and general references sufficient to enable Lessor to determine the proposed sublessee's credit worthiness and character. Lessee shall reimburse Lessor for its attorneys' fees and other expenses incurred in connection with considering any request for its consent to a Sublease. If Lessor consents to a proposed Sublease, then the proposed sublessee shall deliver to Lessor a written agreement whereby it expressly assumes the Lessee's obligations hereunder; however, any sublessee of less than all of the space in the Leased Premises shall be liable only for obligations under this Lease that are properly allocable to the space subject to the Sublease, and only to the extent of the rent it has agreed to pay Lessee therefor. Lessor's consent to a Sublease shall not release Lessee from performing its obligations under this Lease, but rather Lessee and its sublessee shall be jointly and severally liable therefor. Lessor's consent to any Sublease shall not waive Lessor's rights as to any subsequent Subleases. If an Event of Default occurs while the Leased Premises or any part thereof are subject to a Sublease, then Lessor, in addition prior to its other remedies, may collect directly from such sublessee all rents becoming due to Lessee and apply such rents against rent. Lessee authorizes its sublessees to make payments of rent directly to Lessor upon receipt of notice from Lessor to do soscheduled expiration date.

Appears in 1 contract

Samples: Sublease Agreement (Northwest Biotherapeutics Inc)

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