Common use of Sublease Term Clause in Contracts

Sublease Term. For Subleased Premises A, Sublessor does hereby demise and sublease the Subleased Premises to Sublessee and Sublessee does hereby sublease the Subleased Premises from Sublessor commencing on the earlier of (a) the date the Sublessee’s improvements are substantially complete in accordance with Sublessee’s Work (defined below) which shall be no later than sixty (60) days following Sublessee’s receipt of a construction permit and any other necessary approvals to perform the Sublessee’s Work, or (b) the date Sublessee commences business operations in the Premises (the “Commencement Date”) and ending on the termination of the Lease, currently scheduled for July 31, 2017 (the “Termination Date”), unless sooner terminated pursuant to any provision hereof (the “Term”). Promptly upon the occurrence of the Commencement Date, Sublessee and Sublessor shall execute a letter addendum to this Sublease confirming such Commencement Date. Subleased Premises B’s commencement date shall be nine (9) months following the Commencement Date for Subleased Premises A (the “Expansion Date”) and shall also terminate on the Termination Date.

Sublease Term. For Subleased Premises A, Sublessor does hereby demise and sublease the Subleased Premises to Sublessee and Sublessee does hereby sublease the Subleased Premises from Sublessor commencing on the earlier of (a) The term of this Sublease will commence on the date the Sublessee’s improvements are substantially complete in accordance with Sublessee’s Work (defined below) which shall be no later than sixty (60) days following Sublessee’s receipt of a construction permit Commencement Date and any other necessary approvals to perform the Sublessee’s Workend on July 31, or (b) the date Sublessee commences business operations in the Premises 2026 (the “Commencement Date”) and ending on the termination of the Lease, currently scheduled for July 31, 2017 (the “Termination Date”), unless sooner terminated pursuant to any provision hereof (the “Sublease Term”). Promptly upon The “Commencement Date” shall be January 1, 2017. Sublessee shall be entitled to take possession of the occurrence Sublease Premises on the later of (i) October 1, 2016, or (ii) thirty (30) days following approval from Landlord of the Sublease. On or before the Commencement Date, Sublessee shall have delivered to Sublessor the Security Deposit (defined below) and the Base Rent (defined below) for the first full month of the Sublease Term. Notwithstanding the foregoing, if completion of Sublessee Improvements is delayed beyond January 1, 2017, after Sublessee used all reasonable efforts to complete same in accordance with this Sublease, due to failure of Sublessor shall execute a letter addendum to this Sublease confirming such Commencement Date. Subleased Premises B’s commencement date shall be nine review and approve Plans and Specifications or contractors, as and when required in Sections 15(b) and (9c) months following below, the Commencement Date shall be extended by one day for Subleased each day of delay. If the Sublease Premises A (the “Expansion Date”) and shall also have not been delivered to Sublessee with Sublessor’s Work completed by November 1, 2016, Sublessee may terminate on the Termination Datethis Sublease.