Sublease of Space Sample Clauses

Sublease of Space. (a) Not later than five (5) Business Days prior to the Second Closing Date, the Sellers and Purchaser shall agree to the form and substance of the Sublease Agreement, pursuant to which, subject to the receipt of all necessary landlord consents, Purchaser will, from and after the Second Closing Date, sublease to the Sellers the second and fifth floors of the Littleton Leased Real Property, including any Personal Property located therein that is acquired hereunder. The Sublease Agreement shall contain terms, provisions and conditions (i) that are usual and customary for subleases of this nature, (ii) that comply with the requirements of the related Real Property Lease, except to the extent otherwise agreed to by the Sellers and Purchaser and consented to by the landlord, (iii) that are no less favorable to the Sellers than the terms, provisions and conditions, when taken in the aggregate, applicable to the Sellers pursuant to the related Real Property Lease and (iv) that provide that the Sellers shall be responsible for their allocable portion of all costs and expenses related to the portion of the Littleton Leased Real Property that is subject to the Sublease Agreement. In addition, the Sublease Agreement shall, subject to the terms and provisions of the related Real Property Lease and except as otherwise agreed to by the Sellers and Purchaser, have a minimum term, with respect to the second floor, of six (6) months with an option by the Sellers to renew for five (5) subsequent six (6) month terms and, with respect to the fifth floor, of sixty (60) days with an option by the Sellers to renew for one (1) subsequent sixty (60) day term.
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Sublease of Space. Tenant shall not, directly or indirectly, without the prior written consent of Landlord (which consent shall not be unreasonably withheld, delayed or conditioned), enter into a Sublease of Space. Without limiting the foregoing, Tenant agrees that it shall be reasonable for Landlord to withhold its consent to Tenant's request to enter into a Sublease of Space pursuant to this section 12.4 if the proposed subtenant (i) is an Excluded Contractor, (ii) comprises a security risk to the United States, or (iii) is an entity whose use will materially interfere with or be wholly inconsistent with the Government's use of the Airfield (the foregoing conditions listed in subsections (i) - (iii) are herein referred to as the "Minimum Sublease Criteria"). Notwithstanding the foregoing, Landlord's consent will not be required, but Tenant shall give Landlord prior written notice in the case of either: (i) a Sublease of Space to an existing programmatic partner of Landlord then leasing space at the Property, or (ii) a Sublease of Space (including all amendments thereto and any series of Subleases of Space with a single subtenant or its affiliates) covering less than seventy- five thousand (75,000) square feet of the Improvements on the Premises so long as the subtenant satisfies the Minimum Sublease Criteria. The Sublease of Space must provide that if the subtenant at any time becomes an Excluded Contractor or is identified as a security risk to the United States by Landlord, then Tenant will have a right to terminate such Sublease of Space. If Landlord notifies Tenant that a subtenant has been identified by Landlord as an Excluded Contractor or a security risk to the United States, then Tenant shall promptly exercise and enforce its right to terminate the Sublease of Space for such subtenant. Tenant shall not be released from any of its obligations under this Lease, nor shall Guarantor be released from any of its obligations under the Guaranty, in connection with or as a result of the consummation of any Sublease of Space (whether or not Landlord's consent is required). Landlord shall, promptly following Tenant's request, enter into a mutually acceptable nondisturbance and attornment agreement with any subtenant subleasing space in the Improvements, provided that the Sublease of Space in question provides: (i) for regular payments of rent throughout the term of such Sublease of Space, which rent shall be at fair market rates at the time the Sublease of Space was made; (ii...
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Sublease of Space. Sublandlord hereby subleases the Premises to Subtenant, and Subtenant hereby subleases the Premises from Sublandlord and assumes all of the obligations with respect to the tenant under the Lease.
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Sublease of Space. (a) Within ten (10) Business Days of the date hereof, the Sellers and Purchaser shall agree to the form and substance of one or more Sublease Agreements, pursuant to which, subject to the receipt of all necessary landlord consents (if required), Purchaser will, from and after the Closing Date, sublease to the Sellers the premises described on Schedule 7.16, including any Personal Property located therein that is acquired hereunder. Each Sublease Agreement shall contain terms, provisions and conditions (i) that are usual and customary for subleases of this nature, (ii) that comply with the requirements of the related Real Property Lease, except to the extent otherwise agreed to by the Sellers and Purchaser and consented to by the applicable landlord, (iii) that are no less favorable to the Sellers than the terms, provisions and conditions, when taken in the aggregate, applicable to the Sellers pursuant to the related Real Property Lease and (iv) provide that the Sellers shall be responsible for their allocable portion of all costs and expenses related to the portion of the Leased Real Property that is subject to such Sublease Agreement. In addition, each Sublease Agreement shall, subject to the terms and provisions of the related Real Property Lease, have a minimum term of one (1) year with an option by the Sellers’ to renew for two subsequent one (1) year terms.
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Sublease of Space. 1. The west side of the first floor of the Indianapolis Leased Real Property.
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Sublease of Space. From and after the Closing until January 1, 1996, the Company shall have the right to utilize, without payment of rent or other charge, the Division's existing space located at Three Xxxxxxxxx Corporate Center, Westchester, IL and the equipment and systems located thereat. The Company will utilize such space, systems and equipment in such a manner so as not to cause undue confusion or burden upon the other activities of Premier presently conducted at this facility. The Company shall utilize the same care in the use of such space, systems and equipment as it utilizes with respect to its own space, systems and equipment. The Company shall be responsible for any harm or damage done during such period solely to the extent that the same is (i) caused as a result of its negligence or willful misconduct and (ii) is not covered by insurance. Included within such sublease, at no cost to the Company, shall be utilities, repair and maintenance, depreciation and insurance. Company will be responsible for direct costs of telephone, postage and office supplies; however, the Company shall not be responsible for any general allocation for such items. If the Company does not utilize or vacates such space, the Company shall have the right to leave at the space any or all of the fixed assets described in Schedule 1.2(b) (ii) at no cost to the Company.
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Sublease of Space. (a) Subject to all of the provisions herein contained, and in consideration of the Rentals to be paid to Lessor by Tenant, and the other covenants and agreements to be kept and performed by Tenant hereunder, as hereinafter set forth, Lessor hereby leases to Tenant, and Tenant hereby leases from Lessor, approximately 21,275 square feet (the "Leased Space") of the premises situated in Bedford, Middlesex County, Massachusetts, located on the Westerly side of Xxxxxxx Avenue, known as Patriots Park, and bounded and described in Exhibit A hereto (the "Premises"). The Leased Space is that portion of the building located on the Premises as indicated on Exhibit B hereto and includes Tenant's allocable portion of the shared common space as described on Exhibit B.
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Sublease of Space 
Sample 1

Related to Sublease of Space

  • Sublease Sublandlord hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental, and upon all of the conditions set forth herein, the Subleased Premises.

  • Lease of Premises for Lease Term Landlord hereby leases the Premises to Tenant, and Tenant hereby rents the Premises from Landlord, for the Term and subject to the conditions of this Lease.

  • Lease of Premises Subject to and upon the terms and conditions set forth herein, Landlord hereby leases the Premises to Tenant, and Tenant hereby leases the Premises from Landlord.

  • Subleased Premises Sublandlord hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental, and upon all of the conditions set forth herein, the Subleased Premises.

  • Sublease Premises On and subject to the terms and conditions below, Sublandlord hereby leases to Subtenant, and Subtenant hereby leases from Sublandlord, the Sublease Premises.

  • Sublease Term The term of the Sublease (“Sublease Term”) commences on the later to occur of (1) Sublandlord’s receipt of Prime Landlord’s written consent to this Sublease, and (2) October 1, 2009 (“Sublease Commencement Date”); and expires on January 28, 2018 (“Sublease Expiration Date”; i.e., the day prior to the Termination Date pursuant to the Prime Lease). Sublandlord shall deliver the Subleased Premises “broom clean” and free of all of Sublandlord’s personal property (other than the F&F (defined in Section 2(f))) and debris, but otherwise in “AS IS, WHERE IS” condition on the Sublease Commencement Date; provided that Subtenant shall not be responsible for, or required to remedy, any violation of any applicable law, or any condition or state of facts, with respect to the Subleased Premises, the Building or the Land existing on or prior to the Sublease Commencement Date. Sublandlord is not required to perform any work to prepare the Subleased Premises for Subtenant’s intended use. If (i) for any reason Sublandlord has not received Prime Landlord’s written consent to this Sublease in form required by Section 15(i) below by the date which is sixty (60) days from the date hereof, or (ii) Prime Landlord elects to terminate the Prime Lease in respect of the Subleased Premises pursuant to Prime Landlord’s recapture right set forth in Section 16.5 of the Prime Lease, then in the case of (i), then Sublandlord and Subtenant each may elect at any time thereafter to terminate this Sublease by written notice to the other, whereupon the parties shall deem this Sublease to be null and void and of no effect (except for those provisions expressly stated herein to survive a termination), and in the case of (ii) the Sublease will be deemed terminated in accordance with Section 16.5 of the Prime Lease.

  • Condition of Subleased Premises (a) Subtenant shall maintain and repair the Subleased Premises in a manner consistent with Sublandlord’s obligations under the Lease. Sublandlord shall have the right to enter the Subleased Premises from time to time upon reasonable prior notice to Subtenant, during normal business hours and escorted by Subtenant (if Subtenant makes such escort reasonably available). Sublandlord’s right of entry shall include the right of inspection to confirm that Subtenant is in compliance with all applicable maintenance and repair obligations set forth in the Lease. In the event that Sublandlord determines, in Sublandlord’s reasonable opinion, that Subtenant is in default of any maintenance and/or repair obligation set forth in the Lease which first arises after the Commencement Date, and such default may incur liability to Sublandlord upon the surrender of the Subleased Premises upon the expiration or earlier termination of the Lease (a “Required Repair Item”), then Sublandlord shall have the right to notify Subtenant of any such Required Repair Items. Subtenant shall be obligated to cure such Required Repair Items within thirty (30) days of such notice from Sublandlord, or, if such Required Repair Items cannot be reasonably completed in such thirty (30) day period, such longer period as reasonably necessary to cure such Required Repair Items, so long as Subtenant has commenced such cure and diligently pursues such cure to completion. In no event shall Sublandlord’s rights hereunder impose any additional and/or greater repair or maintenance standards from those set forth in the Lease. In the event Subtenant fails to cure such Required Repair Items as set forth above, then such failure shall be deemed a default under this Sublease, entitling Sublandlord to exercise any of its rights and remedies herein, including, without limitation, the self help rights set forth above.

  • Expansion Space As used in this paragraph, the term “Expansion Space” means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Term of Sublease The term (the “Term”) of this Sublease shall commence on the date that Sublessor has received all of the following: (a) a copy of this Sublease Agreement executed by Sublessee and Sublessor; (b) an executed copy of the Lessor’s and Guarantor’s consent to this Sublease; and (c) an executed copy of a Guaranty from Duke University guaranteeing the payment of the Base Rent and Additional Rent (each as defined below) under this Sublease for the time period specified in the Guaranty (the “Commencement Date”), and shall end on the 1st day of September, 2006, (or until such term shall sooner cease or expire as hereinafter provided) (the “Termination Date”). Possession of the Subleased Premises shall be delivered to Sublessee on the Commencement Date. The parties agree that the consent by Lessor and Guarantor shall include (i) a consent to the proposed use by Sublessee of the Subleased Premises as set forth in Section 4 of this Sublease; (ii) a consent to the upfit of the Shell Space at Sublessee’s sole cost and expense, subject to (A) the approval of Lessor of the plans for such upfit; (B) the plans shall provide that the upfit will be performed and Sublessee shall perform the upfit in a good and workmanlike manner using materials that are substantially similar and of better or equal quality to those presently contained in the Subleased Premises; (C) the plans shall provide and Sublessee shall use contractors and engineers that are licensed in North Carolina and are qualified to perform the work to prepare the Subleased Premises for its intended use, each as reasonably acceptable to Lessor; (D) Sublessee shall not commence any such work without first delivering to Lessor a policy or policies of workers’ compensation and commercial general liability insurance naming Lessor as an additional insured; (E) Sublessee and Sublessor warrant that any upfit installed by Sublessee will not violate the permitted use of the Subleased Premises and will materially comply with all applicable building codes and zoning laws and will not impact the structure of the Shell Space; (F) Sublessee shall furnish Lessor with all permits required prior to commencement of the upfit work and all certificates and approvals with respect to the upfit as may be required by any governmental authority and deliver to the Lessor properly executed general and subcontractor affidavits stating that all laborers and materialmen have been paid in full and final waivers of liens and lien releases from all general contractors and subcontractors who have performed the upfit or furnished materials to the Subleased Premises as a result of the upfit; and (G) Sublessee, at its expense, shall deliver within 30 days after completion of the upfit the as built plans for the Shell Space to the Lessor; (iii) a waiver by Lessor of any obligation of Sublessee or Sublessor to restore the Subleased Premises to the condition that existed prior to the Commencement Date or the commencement date of the Lease, respectively; provided, however, that all tenant upfit (including but not limited to Tenant Upfit), case work, the heating, ventilating and air conditioning equipment located on the Subleased Premises, work above the ceiling of the Shell Space installed by Sublessee, and all Lessor Trade Fixtures (as defined below) shall remain on the Subleased Premises at the termination of Sublessee’s occupancy of the Subleased Premises without compensation to Sublessee, unless Lessor requests the removal of same at the time Lessor approves such installations. For purposes of this Sublease, “Lessor Trade Fixtures” means the building management system, flow optometers, manifolds, mirrors, stainless steel tables and stainless steel workbenches located on the Subleased Premises as of the Commencement Date of this Sublease and shall not be deemed to include any enterprise management systems, including without limitation any material resource planning systems or any manufacturing execution systems installed by Sublessee. In addition, on or before November 10, 2000, Lessor shall have delivered to Sublessee an agreement to lease the Subleased Premises directly from Lessor upon the expiration of the term of this Sublease upon terms that are satisfactory to the Sublessee (the “Additional Lease”). If Lessor fails to give such consent and deliver the Additional Lease by December 15, 2000, then Sublessee may cancel this Sublease by giving written notice of cancellation to Sublessor. Neither party shall have liability to the other for any termination or cancellation under this Section 2, unless such party by its willful act caused Lessor to refuse timely to consent to this Sublease.

  • Storage Space Effective as of the Second Floor Commencement Date, Landlord hereby leases to Tenant certain additional space containing approximately 1,000 rentable square feet in such areas as more particularly designated on Schedule X- 0 xxxxxxxx hereto. In addition, Landlord hereby grants to Tenant the right to lease certain additional storage space in such areas of the Project as are designated for storage by Landlord on a first-come, first-served basis (the initial storage space and additional storage space leased to Tenant by Landlord, if any, are collectively the "Storage Space"). Tenant may exercise its option to lease additional Storage Space from time to time throughout the term of the Lease by giving written notice to Landlord of its desire to lease the same, which notice shall be conditioned upon the availability of the desired space. Tenant shall pay Landlord an annual rental for the Storage Space (the "Storage Rent") equal to $10.25 per rentable square foot of GLA of the Storage Space, adjusted annually at the rate of 2 1/2% per annum. The Lease Years for Storage Space shall be concurrent with the Lease Years for the Premises. No janitorial or trash removal services shall be provided to the Storage Space. No other charges shall be applied, as Additional Rent or otherwise, to the Storage Space, except for charges incurred by Landlord in enforcing its rights relating to the Storage Space under this Lease, in accordance with the terms of this Lease. The Tenant shall have the option, exercisable at any time during the Term, to cancel its lease of the Storage Space, upon thirty (30) days' prior written notice to the Landlord. Except as provided in this Section 2.1(b), the terms and conditions of Tenant's occupancy of the Storage Space shall be as set forth in this Lease. The Storage Space shall be leased in its absolute "AS IS" condition. There shall also be no core factor for the Storage Space (i.e., the usable areas shall be equal to the rentable area).

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