Common use of Subordination of Sublease Clause in Contracts

Subordination of Sublease. It is understood that Sublandlord is not the fee owner of the Premises, but has acquired its interest therein solely through the Underlying Lease. This Sublease is subject to the provisions of the Underlying Lease and subordinate thereto. In the event that the Underlying Lease shall be cancelled or terminated by Landlord, the Term of this Sublease shall automatically terminate as of the date of such cancellation or termination of the Underlying Lease by Landlord, and Sublandlord shall not be liable in any way or to any extent to Subtenant for such termination or cancellation or for any damages or losses incurred or claimed to be incurred by Subtenant as a result thereof.

Appears in 2 contracts

Samples: Sublease Agreement (Biofrontera AG), Sublease Agreement (Biofrontera AG)

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Subordination of Sublease. It is understood that Sublandlord the Sublessor is not the fee owner of the Subleased Premises, but has acquired its interest therein solely through the Underlying Lease. This Sublease is subject to the provisions of the Underlying Lease and subordinate thereto. In the event that the Underlying Lease shall be cancelled or terminated by Landlordterminated, the Term term of this Sublease shall automatically terminate as of the date of such cancellation or termination of the Underlying Lease by Landlord, and Sublandlord the Sublessor shall not be liable in any way or to any extent to Subtenant the Sublessee for such termination or cancellation or for any damages or losses incurred or claimed to be incurred by Subtenant Sublessee as a result thereof.

Appears in 1 contract

Samples: Sublease Agreement (Paperexchange Com Inc)

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Subordination of Sublease. It is understood that Sublandlord the Sublessor is not the fee free owner of the Subleased Premises, but has acquired its interest therein solely through the Underlying Lease. This Sublease is subject to the provisions of the Underlying Lease and subordinate thereto. In the event that the Underlying Lease shall be cancelled or terminated by Landlordterminated, the Term term of this Sublease shall automatically terminate as of the date of such cancellation or termination of the Underlying Lease by Landlord, and Sublandlord the Sublessor shall not be liable in any way or to any extent to Subtenant the Sublessee for such termination or cancellation or for any damages or losses incurred or claimed to be incurred by Subtenant Sublessee as a result thereof.

Appears in 1 contract

Samples: Sublease Agreement (Paperexchange Com Inc)

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