Term of Sublease. The term (the “Term”) of this Sublease shall commence on the date that Sublessor has received all of the following: (a) a copy of this Sublease Agreement executed by Sublessee and Sublessor; (b) an executed copy of the Lessor’s and Guarantor’s consent to this Sublease; and (c) an executed copy of a Guaranty from Duke University guaranteeing the payment of the Base Rent and Additional Rent (each as defined below) under this Sublease for the time period specified in the Guaranty (the “Commencement Date”), and shall end on the 1st day of September, 2006, (or until such term shall sooner cease or expire as hereinafter provided) (the “Termination Date”). Possession of the Subleased Premises shall be delivered to Sublessee on the Commencement Date. The parties agree that the consent by Lessor and Guarantor shall include (i) a consent to the proposed use by Sublessee of the Subleased Premises as set forth in Section 4 of this Sublease; (ii) a consent to the upfit of the Shell Space at Sublessee’s sole cost and expense, subject to (A) the approval of Lessor of the plans for such upfit; (B) the plans shall provide that the upfit will be performed and Sublessee shall perform the upfit in a good and workmanlike manner using materials that are substantially similar and of better or equal quality to those presently contained in the Subleased Premises; (C) the plans shall provide and Sublessee shall use contractors and engineers that are licensed in North Carolina and are qualified to perform the work to prepare the Subleased Premises for its intended use, each as reasonably acceptable to Lessor; (D) Sublessee shall not commence any such work without first delivering to Lessor a policy or policies of workers’ compensation and commercial general liability insurance naming Lessor as an additional insured; (E) Sublessee and Sublessor warrant that any upfit installed by Sublessee will not violate the permitted use of the Subleased Premises and will materially comply with all applicable building codes and zoning laws and will not impact the structure of the Shell Space; (F) Sublessee shall furnish Lessor with all permits required prior to commencement of the upfit work and all certificates and approvals with respect to the upfit as may be required by any governmental authority and deliver to the Lessor properly executed general and subcontractor affidavits stating that all laborers and materialmen have been paid in full and final waivers of liens and lien releases from all g...
Term of Sublease a. The term of this sublease agreement shall be for a period of 2 years, commencing on 05/12/2013, and terminating on 04/12/2015 unless earlier terminated by breach of the terms and conditions of this Sublease Agreement.
Term of Sublease. The initial term (the "TERM") of this Sublease Agreement shall commence on April 1, 2004 (the "COMMENCEMENT DATE"), and shall end on the earliest to occur of: (i) January 31, 2006; or (ii) the date of termination under that certain Supply Agreement dated of even date herewith between Sublessor and Sublessee; or (iii) the date on which Sublessor discontinues manufacturing operations in the Premises under the Lease. If the Commencement Date is a date other than the first day of a calendar month or if this Sublease Agreement terminates on a date other than the last day of a calendar month, then the monthly payments of rent due hereunder for such month or months shall be prorated based on the number of days in such month that occur during the Term. Possession of the Subleased Premises shall be delivered to Sublessee on the Commencement Date.
Term of Sublease. The term of this Sublease shall commence on December 3, 2010, (“Commencement Date”) and terminate on April 30, 2014 (“Initial Term”) unless terminated earlier in accordance with this Sublease.
Term of Sublease. The term of this Sublease shall commence on the Delivery Date (as hereinafter defined) and shall end upon the expiration or earlier termination of the initial term of the Lease, which is presently scheduled to expire on February 28, 2013 (“Termination Date”). Subtenant shall have no renewal or extension options with respect to the term of this Sublease. Rent and other charges payable by Subtenant under this Sublease shall commence on the Delivery Date. For purposes of this Sublease the “Delivery Date” means the date upon which Sublandlord delivers possession of the Premises to Subtenant.
Term of Sublease. 2.1 The term of this Sublease ("Sublease Term") will commence ("Sublease Commencement Date") the earlier of (i) August 1, 2003 or (ii) Substantial Completion (as defined in the Prime Lease) of the Subtenant's Improvements (as defined below); provided, however, that if the conditions precedent that are set forth in Sections 8.1 and 8.2 below are not satisfied within fifteen days of the date this Sublease has been executed by both Sublandlord and Subtenant, then the date of August 1, 2003 that is set forth in (i) above shall be extended one day for each day that elapses until the conditions precedent have been satisfied, up to a maximum of 16 days; and provided, further, that if either Landlord or Tenant fails to act on Subtenant's proposed space plan or final plans within the time lines specified in the Prime Lease, then the date of August 1, 2003 that is set forth in (i) above shall be extended one day for each day that elapses until both Landlord and Tenant have acted on Subtenant's Proposed space plan or final plans, as the case may be. Unless earlier terminated in accordance with the terms and conditions of this Sublease, the Sublease Term shall expire with respect to the entire Subleased Premises at 11:59 p.m. on April 29, 2011. If the Commencement Date is a day other than August 1, 2003, the parties shall promptly sign an amendment to this Sublease confirming the Commencement Date. Subtenant shall have access to the Subleased Premises for the purposes of constructing Subtenant's Improvements and for installation of furniture and equipment from and after the date that the conditions precedent that are set forth in Section 8.1 below are satisfied, and all of the terms and conditions of this Sublease shall apply from and after that date except for payment of Rent.
Term of Sublease. The term (“Term”) of this Sublease shall commence on the latest of the following to occur: (i) delivery of the Premises to Subtenant in the condition required by Article 2 hereof, (ii) Subtenant’s receipt of the written consent of Prime Landlord to this Sublease, and (iii) May 1, 2007 (the “Commencement Date”) and, unless sooner terminated as herein provided, shall expire on March 30, 2015 (the “Expiration Date”). The parties agree to enter into a Commencement Date Agreement promptly following same memorializing the actual Commencement Date, but failure to do so shall not relieve any party of any obligations hereunder. Notwithstanding the foregoing, the Subtenant may, but shall not be obligated to, terminate this Sublease in the event that the Commencement Date has not occurred by June 1, 2007, provided such option is exercised in writing to Sublandlord no later than June 29, 2007 and provided further that the Commencement Date has not occurred prior to the date notice is given.
Term of Sublease. Smluvní strany se dohodly, že podnájem dle této 5.1 The Parties agreed that the sublease hereunder shall . Xxxxxxx je sjednán dobu určitou počínaje
Term of Sublease. The term of this Sublease (“Sublease Term”) shall commence (“Sublease Commencement Date”) the earlier of (i) August 1, 2001 or (ii) Substantial Completion of the Subtenant’s Improvements (as defined in Section 6.1 below). The term “Substantial Completion” as used in this Sublease shall have the meaning set forth in the Prime Lease (except that references to the Tenant’s Improvements will be deemed references to the Subtenant’s Improvements). Unless earlier terminated in accordance with the terms and conditions of this Sublease, the Sublease Term shall expire with respect to the entire Subleased Premises on April 29, 2011.
Term of Sublease. Section 3.1. The term of this Sublease (the "Term") shall begin on the Commencement Date and shall expire at midnight on the Termination Date, unless such Term shall sooner cease and expire as hereinafter provided. As of the date of execution of this Sublease, Landlord agrees to allow Tenant access to the Demised Premises prior to the Commencement Date to begin (in accordance with the provisions of Section 5.1 of this Sublease) preparing the Demised Premises for Tenant's occupancy. Tenant shall have no obligation hereunder to pay rent or other charges at any time prior to the Commencement Date, except as otherwise agreed in writing by Tenant.
