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Common use of Subleases of Tenant Clause in Contracts

Subleases of Tenant. If Landlord elects to terminate this Lease on account of any default by Txxxxx, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx and affecting the Premises or may, in Landlord's sole discretion, succeed to Txxxxx's interest in such subleases, licenses, concessions or arrangements. In the event of Lxxxxxxx's election to succeed to Txxxxx's interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 2 contracts

Samples: Lease Agreement (Surrozen, Inc./De), Lease Agreement (Five Prime Therapeutics Inc)

Subleases of Tenant. If Landlord elects to terminate this Lease on account of any default by TxxxxxXxxxxx, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx Tenant and affecting the Premises Premises, or Landlord may, in Landlord's Xxxxxxxx’s sole discretion, succeed to Txxxxx's Xxxxxx’s interest in such subleases, licenses, concessions or arrangements. In the event of Lxxxxxxx's Xxxxxxxx’s election to succeed to Txxxxx's Xxxxxx’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 2 contracts

Samples: Office Lease (Roka BioScience, Inc.), Office Lease (Roka BioScience, Inc.)

Subleases of Tenant. If Whether or not Landlord elects to terminate this Lease on account of any default by TxxxxxTenant, as set forth in this Article 19, following any such default by Tenant, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx Xxxxxx and affecting the Premises or may, in Landlord's Xxxxxxxx’s sole discretion, succeed to Txxxxx's Xxxxxx’s interest in such subleases, licenses, concessions or arrangements. In the event of Lxxxxxxx's Xxxxxxxx’s election to succeed to Txxxxx's Xxxxxx’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 2 contracts

Samples: Office Lease (Rocket Companies, Inc.), Office Lease (Rocket Companies, Inc.)

Subleases of Tenant. If Whether or not Landlord elects to terminate this Lease on account of any default Event of Default by TxxxxxXxxxxx, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx Tenant and affecting the Premises or may, in Landlord's sole discretion, succeed to TxxxxxXxxxxx's interest in such subleases, licenses, concessions or arrangements. In the event of LxxxxxxxXxxxxxxx's election to succeed to TxxxxxXxxxxx's interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 1 contract

Samples: Lease (Tempest Therapeutics, Inc.)

Subleases of Tenant. If Whether or not Landlord elects to terminate this Lease on account of any default Event of Default by TxxxxxXxxxxx, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx Xxxxxx and affecting the Premises or may, in Landlord's Xxxxxxxx’s sole discretion, succeed to Txxxxx's Xxxxxx’s interest in such subleases, licenses, concessions or arrangements. In the event of Lxxxxxxx's Xxxxxxxx’s election to succeed to Txxxxx's Xxxxxx’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 1 contract

Samples: Office Lease

Subleases of Tenant. If Landlord elects to terminate this Lease on account of any default Event of Default by Txxxxx, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx and affecting the Premises or may, in Landlord's ’s sole discretion, succeed to Txxxxx's ’s interest in such subleases, licenses, concessions or arrangements. In the event of Lxxxxxxx's ’s election to succeed to Txxxxx's ’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 1 contract

Samples: Lease (Alumis Inc.)

Subleases of Tenant. If Whether or not Landlord elects to terminate this Lease on account of any default by Txxxxx, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx Tenant and affecting the Premises or may, in Landlord's Lxxxxxxx’s sole discretion, succeed to Txxxxx's Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Lxxxxxxx's ’s election to succeed to Txxxxx's ’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 1 contract

Samples: Office Lease (Acadia Pharmaceuticals Inc)

Subleases of Tenant. If Whether or not Landlord elects to terminate this Lease on account of any default by TxxxxxTenant, beyond any applicable notice and cure periods, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx Tenant and affecting the Premises or may, in Landlord's sole discretion, succeed to TxxxxxTenant's interest in such subleases, licenses, concessions or arrangements. In the event of LxxxxxxxLandlord's election to succeed to TxxxxxTenant's interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 1 contract

Samples: Office Lease (Wageworks, Inc.)

Subleases of Tenant. If Landlord elects to terminate this Lease on account of any default Event of Default by TxxxxxXxxxxx, as set forth in this Article 19Section 18, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx Xxxxxx and affecting the Premises or may, in Landlord's ’s sole discretion, succeed to Txxxxx's Xxxxxx’s interest in such subleases, licenses, concessions or arrangements. In the event of Lxxxxxxx's Xxxxxxxx’s election to succeed to Txxxxx's Xxxxxx’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 1 contract

Samples: Sublease (Corcept Therapeutics Inc)

Subleases of Tenant. If Whether or not Landlord elects to terminate this Lease on account of any default Event of Default by Txxxxx, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx Tenant and affecting the Premises or may, in Landlord's ’s sole discretion, succeed to Txxxxx's ’s interest in such subleases, licenses, concessions or arrangements. In the event of Lxxxxxxx's ’s election to succeed to Txxxxx's ’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 1 contract

Samples: Lease Agreement (Camp4 Therapeutics Corp)

Subleases of Tenant. If Landlord elects to terminate this Lease on account of any default Event of Default by TxxxxxTenant, as set forth in this Article 19section 11.3, following any such Event of Default by Tenant, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx Tenant and affecting the Premises or may, in Landlord's ’s sole and absolute discretion, succeed to Txxxxx's Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Lxxxxxxx's Xxxxxxxx’s election to succeed to Txxxxx's Xxxxxx’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice Notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 1 contract

Samples: Lease Agreement

Subleases of Tenant. If Whether or not Landlord elects to terminate this Lease on account of any default by Txxxxx, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx and affecting the Premises within ten (10) days of notice from Landlord, or may, in Landlord's ’s sole discretion, succeed to Txxxxx's ’s interest in such subleases, licenses, concessions or arrangements. In the event of Lxxxxxxx's ’s election to succeed to Txxxxx's ’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 1 contract

Samples: Office Lease (LoopNet, Inc.)

Subleases of Tenant. If Whether or not Landlord elects to terminate this Lease on account of any default by Txxxxx, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Txxxxx Tenant and affecting the Premises or may, in LandlordLxxxxxxx's sole discretion, succeed to TxxxxxTenant's interest in such subleases, licenses, concessions or arrangements. In the event of Lxxxxxxx's election to succeed to Txxxxx's interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

Appears in 1 contract

Samples: Office Lease (Soleno Therapeutics Inc)