Common use of Sublessees of Tenant Clause in Contracts

Sublessees of Tenant. If Landlord elects to terminate this Lease, or Tenant’s right to possess the Premises, on account of any default by Tenant, as set forth in this Xxxxxxxxx 00, Xxxxxxxx shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant and affecting the Premises or may, in Landlord’s sole discretion, succeed to Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s election to succeed to Tenant’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 (Fusion-Io, Inc.)

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Sublessees of Tenant. If In the event that Landlord elects to terminate this Lease, or Tenant’s right to possess the Premises, Lease on account of any default by Tenant, as set forth in this Xxxxxxxxx 00Article 19, Xxxxxxxx subject to and except as provided in Section 14.7 above, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant and affecting the Premises or any portion thereof, or may, in Landlord’s 's sole discretion, succeed to Tenant’s 's interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s 's election to succeed to Tenant’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/Retail Lease (KBS Real Estate Investment Trust II, Inc.)

Sublessees of Tenant. If Whether or not Landlord elects to terminate this Lease, or Tenant’s right to possess the Premises, Lease on account of any default by TenantTenant that has not been cured within the acceptable cure period, as set forth in this Xxxxxxxxx 00Article 19, Xxxxxxxx Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant and affecting the Premises or may, in Landlord’s sole discretion, succeed to Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s election to succeed to Tenant’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 (Cafepress Inc.)

Sublessees of Tenant. If Landlord elects to terminate terminates this Lease, or Tenant’s right to possess the Premises, Lease on account of any default by TenantXxxxxx, as set forth in this Xxxxxxxxx 00Article 12, Xxxxxxxx except as provided in Section 11.8 of this Lease, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant and affecting the Premises or may, in Landlord’s sole discretion, succeed to TenantXxxxxx’s interest in such subleases, licenses, concessions or arrangements. In the event of LandlordXxxxxxxx’s election to succeed to TenantXxxxxx’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 (Health Net Inc)

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Sublessees of Tenant. If Whether or not Landlord elects to terminate this Lease, or Tenant’s right to possess the Premises, Lease on account of any default by TenantTenant (after the applicable notice and cure periods have expired), as set forth in this Xxxxxxxxx 00Article 19, Xxxxxxxx Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant and affecting the Premises or may, in Landlord’s 's sole discretion, succeed to Tenant’s 's interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s 's election to succeed to Tenant’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, provided that any such consideration shall be applied toward Tenant's obligation hereunder.

Appears in 1 contract

Samples: Lease Agreement (Cord Blood America, Inc.)

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