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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. (b) The Sellers shall use commercially reasonable efforts to obtain all necessary landlord consents to the Sublease Agreement, which shall only be submitted to the landlord in a form that has been mutually agreed to in advance by the Sellers and Purchaser.
Sample 1Sample 2
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.
Sample 1
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.
Sample 1
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, Xxxxxx 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, Xxxxxxxx'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 Xxxxxx'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...
Sample 1
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. (b) Tenant agrees that all of its rights under this Sublease are subject to the terms of the 1985 Sublease, which shall govern in the event of any conflict between the provisions hereof and the provisions of the 1985 Sublease. Tenant hereby assumes all of Lessor's obligations and burdens under the 1985 Sublease with respect to the Leased Space for the duration of the term hereof, as if all of such rights and obligations were set forth herein in their entirety. In the event of a default by the Lessor of its obligations under the 1985 Sublease, Lessor and Tenant hereby agree, for the benefit of the Lessor's Landlord, and upon written notice from the Lessor's Landlord, to make all payments of Rental hereunder directly to the Lessor's Landlord in accordance with instructions contained in such written notice.
Sample 1
Sublease of Space. 1. The west side of the first floor of the Indianapolis Leased Real Property. 2. The second floor of the Littleton Leased Real Property. These Seller Disclosure Schedules have been prepared and delivered by Aurora Bank FSB (the “Bank”) and Aurora Loan Services LLC (“ALS” and together with the Bank, the “Sellers”) in connection with the Residential Servicing Asset Purchase Agreement, dated as of March 6, 2012 (the “Agreement”), by and among the Sellers and Nationstar Mortgage LLC. Capitalized terms used herein but not otherwise defined herein have the respective meanings assigned to them in the Agreement. Section numbers used herein correspond to the Section numbers in the Agreement. The headings contained in these Seller Disclosure Schedules are for convenience of reference only. Disclosure with respect to any specific Section of the Agreement should be read in conjunction with all other disclosures contained in these Seller Disclosure Schedules and should be construed as disclosure for all other relevant Sections of the Agreement and these Seller Disclosure Schedules relating thereto to the extent the Agreement requires such disclosure, so long as such disclosure is made with such specificity that it is readily apparent on its face that the information disclosed relates to the subject matter of such other Sections. Nothing in these Seller Disclosure Schedules is intended to broaden the scope of any representation or warranty contained in the Agreement or to create any covenant on the part of any Seller. Any matter disclosed in these Seller Disclosure Schedules shall not be deemed an admission of any liability or obligation of any Seller to any third party, nor an admission by any Seller with regard to any claim by any third party, whether made prior to, on or after the date hereof.
Sample 1
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.

  • Use of Space The COUNTY will provide the space located at: [insert Orange County Government Location] (the “Designated Space”) which shall be utilized by the AGENCY solely for the lawful purpose of providing the services. If no space is designated, this Article V does not apply.

  • Lease of Premises Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term and upon the terms and conditions hereinafter set forth.

  • 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 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, 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 in Section 6(b) above. (b) Upon the expiration or earlier termination of this Sublease, Subtenant shall (i) return the Subleased Premises to Sublandlord in the condition required by the Lease, normal wear and tear and damage by casualty or condemnation excepted, and (ii) in accordance with the terms of the Lease, remove all personal property and equipment (other than fixtures but including trade fixtures) from the Subleased Premises required to be removed from the Subleased Premises in accordance with the Lease. Upon such expiration, Sublandlord and Subtenant shall schedule a walk-through of the Subleased Premises to determine whether Subtenant has complied with its obligation to surrender as set forth above. Sublandlord shall notify Subtenant of any perceived noncompliance at the time of the walk-through, or Sublandlord shall be estopped from attempting to charge Subtenant for the same at a later date. Sublandlord may forthwith re-enter the Subleased Premises following notice to Subtenant and repossess itself thereof and remove all persons and effects therefrom, using such force as may be reasonably necessary without being guilty of forcible entry, detainer, trespass or other tort. Subtenant’s obligation to observe or perform these covenants shall survive the expiration or other termination of the Sublease Term.

  • 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.

  • Storage Space (a) In addition to the Premises defined in Section 1.2 above, Landlord desires to lease to Tenant and Tenant desires to lease from Landlord additional space comprising approximately Five Hundred Fifty-Nine (559) rentable square feet of below grade space in the Building as shown on Exhibit A-3 attached hereto (hereinafter referred to as the "Storage Space"), on the all of the terms and conditions of the Lease applicable to the Premises except as specifically set forth in this Paragraph 13. (b) Tenant shall pay to Landlord Ten and No/100 Dollars ($10.00) per rentable square foot of space in the Storage Space with respect to the Storage Space throughout the Term of the Lease. Such monthly installments of storage rent shall hereinafter be referred to as "Monthly Storage Space Rent". The Monthly Storage Space Rent will constitute Additional Rent (as defined in the Lease) and shall be due and payable, without deduction or set off, on the first (1st) day of each calendar month during the Term of the Lease commencing January 1, 2005. Tenant's obligation to pay Monthly Storage Space Rent hereunder shall be abated from the period commencing on the Commencement Date and continuing until December 31, 2004. No other amounts other than Monthly Storage Space Rent shall be abated except as expressly provided elsewhere in the Lease. If Tenant defaults under the Lease after the expiration of any applicable notice and cure period prior to January 1, 2005, then Tenant shall no longer be entitled to any further abatement of Monthly Storage Space Rent. Monthly Storage Space Rent for any period during the term hereof which is for less than one (1) month shall be prorated based upon the actual number of days of the calendar month involved. (c) Notwithstanding anything to the contrary contained in the Lease or herein, (i) the Base Rent payable with respect to the Premises set forth in Section 1.8 of the Lease shall not be applicable to the Storage Space; (ii) Monthly Storage Space Rent payable with respect to the Storage Space shall not be subject to annual escalations; (iii) neither Operating Expense increases as set forth in Section 5 of the Lease nor the Electric Energy Charge as set forth in Section 11.6 of the Lease shall be payable with respect to the Storage Space. (d) Tenant shall use the Premises solely for storage of office supplies, files, UPS battery packs and product samples and for no other purposes whatsoever. (e) All property placed in the Storage Space by Tenant, its agents, or any other persons, shall be and remain at the sole risk of Tenant, its agents or other persons. Landlord shall not be liable for any damage to, or theft or loss of, such property, whether or not caused by the act or omission of any person, including Landlord or its agent, or by the bursting, leaking or overflowing of water, sewer or sprinkler pipes, plumbing fixtures, or any other act or thing, unless such damage to, or theft or loss of, such property results directly from the negligence or willful misconduct of Landlord and then only to the extent that Tenant, its agents or any other persons, are not compensated therefor by Tenant's insurance. In no event shall Landlord or its agent be liable for consequential damages. (f) Landlord shall deliver the Storage Space with full height walls, sprinklers, appropriate lighting and a secure locked door. Except as specifically provided herein, Tenant hereby agrees to accept the Storage Space in its "as is" condition existing on the Commencement Date and Landlord shall have no obligation to construct any tenant improvements to the Storage Space on behalf of Tenant. Tenant is not entitled to any improvement allowance pursuant to the terms of the Lease. Landlord will not provide heat, air conditioning, water, char service or any other utility or service to the Premises and the provisions of Section 11 of the Lease shall not apply to the Storage Space. (g) Notwithstanding any provision herein or in the Lease to the contrary, the Storage Space shall not be counted in connection with, or applied to, the calculation of Tenant's Share set forth in Section 1.11 of the Lease nor the calculation of the number of parking spaces Landlord shall allocate to Tenant pursuant to Section 1.13

  • LANDLORD'S ACCESS TO PREMISES Landlord reserves and shall at any time upon reasonable notice and in compliance with Tenant’s reasonable security measures have the right to enter the Premises to inspect the same, to supply any service to be provided by Landlord to Tenant hereunder to service and repair HVAC units, water pipes and sprinkler mains, and electrical and telephone risers servicing other parts of the Building, to show said Premises to prospective purchasers or tenants, to alter or repair the Premises or any portion of the Building, and to place “for sale” or “for rent” signs on the Building, all without being deemed guilty of an eviction of Tenant and without abatement of Rent, provided that the business of Tenant shall be interfered with as little as is reasonably practicable. Tenant hereby waives any claim for damages or any inconvenience to or interference with Tenant’s business, any loss of quiet enjoyment of the Premises and any other loss occasioned thereby. For each of the aforesaid purposes, Landlord shall at all times have and retain a key with which to unlock the main door to the Premises but not Tenant’s vaults and safes, and Landlord shall have the right to use any and all means which Landlord may deem proper to open said door in an emergency in order to obtain entry to the Premises, and any entry to the Premises obtained by Landlord by any of said means shall not under any circumstances be construed or deemed to be a forcible or unlawful entry into, or a detainer of the Premises, or any eviction of Tenant from the Premises or any portion thereof. No provision of this Lease shall be construed as obligating Landlord to perform any repairs, alterations or decoration except as otherwise expressly agreed to be performed by Landlord.

  • LEASE ALTERATIONS The Owner hereby gives power to the Agent to initiate, sign, renew, modify, or cancel rental agreements and leases for the Property, or any part thereof and collect and give receipts for rents, other fees, charges, and security deposits.

Most Referenced Clauses

Most Referenced Definitions