Common use of Termination of Sublease upon Lease Termination Clause in Contracts

Termination of Sublease upon Lease Termination. Except as otherwise set forth in this Lease, including, without limitation, the provisions of Section 12.6, if at any time prior to the expiration or termination of an approved sublease the Lease shall expire or terminate for any reason whatsoever (or Lessee’s right to possession shall terminate without termination of the Lease), then the sublease shall simultaneously expire and terminate. However, if the sublessee agrees, at the election and upon the written demand of Lessor, and not otherwise, to attorn to Lessor for the remainder of the term of the sublease, such attornment shall be upon all of the terms and conditions of the Lease, with such reasonable modifications as Lessor may require (and if the Base Rental set forth in the sublease is greater than the Base Rental set forth in the Lease then the sublessee agrees that the Base Rental set forth in the sublease shall be substituted as the Base Rental to be paid to Lessor). The foregoing provisions of this Section 12.4 shall apply notwithstanding that, as a matter of law, the sublease may otherwise terminate upon the termination of the Lease, and shall be self-operative upon such written demand of the Lessor, and no further instrument shall be required to give effect to said provisions; provided, however, sublessee agrees to execute an attornment agreement, in the form and substance acceptable to Lessor and the sublessee, pursuant to which the sublessee confirms that the obligations owed to Lessee under the sublease shall become obligations to Lessor for the balance of the term of the sublease.

Appears in 1 contract

Samples: Lease Agreement (Fisker Inc./De)

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Termination of Sublease upon Lease Termination. Except as otherwise set forth in this Lease, including, without limitation, the provisions of Section 12.6, if If at any time prior to the expiration or termination of an approved sublease Sublease the Lease shall expire or terminate for any reason whatsoever (or Lessee’s 's right to possession shall terminate without termination of the Lease), then the sublease Sublease shall simultaneously expire and terminate. However, if the sublessee Sublessee agrees, at the election and upon the written demand of Lessor, and not otherwise, to attorn to Lessor for the remainder of the term of the subleaseSublease, such attornment shall to be upon all of the terms and conditions of the Lease, with such reasonable modifications as Lessor may require (and if the Base Rental set forth in the sublease Sublease is greater than the Base Rental set forth in the Lease then the sublessee Sublessee agrees that the Base Rental set forth in the sublease Sublease shall be substituted as the Base Rental to be paid to Lessor). The foregoing provisions of this Section 12.4 shall apply notwithstanding that, as a matter of law, the sublease Sublease may otherwise terminate upon the termination of the Lease, and shall be self-operative upon such written demand of the Lessor, and no further instrument shall be required to give effect to said provisions; provided, however, sublessee Sublessee agrees to execute an attornment agreement, in the form and substance acceptable to Lessor and the sublesseeLessor, pursuant to which the sublessee Sublessee confirms that the obligations owed to Lessee under the sublease Sublease shall become obligations to Lessor for the balance of the term of the subleaseSublease.

Appears in 1 contract

Samples: Lease Agreement (A-Mark Precious Metals, Inc.)

Termination of Sublease upon Lease Termination. Except as otherwise set forth in this Lease, including, without limitation, the provisions of Section 12.6, if If at any time prior to the expiration or termination of an approved sublease Sublease the Lease shall expire or terminate for any reason whatsoever (or Lessee’s right to possession shall terminate without termination of the Lease), then the sublease Sublease shall simultaneously expire and terminate. However, if the sublessee Sublessee agrees, at the election and upon the written demand of Lessor, and not otherwise, to attorn to Lessor for the remainder of the term of the subleaseSublease, such attornment shall to be upon all of the terms and conditions of the Lease, with such reasonable modifications as Lessor may require (and if the Base Rental set forth in the sublease Sublease is greater than the Base Rental set forth in the Lease then the sublessee Sublessee agrees that the Base Rental set forth in the sublease Sublease shall be substituted as the Base Rental to be paid to Lessor). The foregoing provisions of this Section 12.4 shall apply notwithstanding that, as a matter of law, the sublease Sublease may otherwise terminate upon the termination of the Lease, and shall be self-operative upon such written demand of the Lessor, and no further instrument shall be required to give effect to said provisions; provided, however, sublessee Sublessee agrees to execute an attornment agreement, in the form and substance acceptable to Lessor and the sublesseeLessor, pursuant to which the sublessee Sublessee confirms that the obligations owed to Lessee under the sublease Sublease shall become obligations to Lessor for the balance of the term of the subleaseSublease.

Appears in 1 contract

Samples: Lease Agreement (Manhattan Bancorp)

Termination of Sublease upon Lease Termination. Except as otherwise set forth in this Lease, including, without limitation, the provisions of Section 12.6, if If at any time prior to the expiration or termination of an approved sublease Sublease the Lease shall expire or terminate for any reason whatsoever (or Lessee’s 's right to possession shall terminate without termination of the Lease), then the sublease Sublease shall simultaneously Reviewed: expire and terminate. However, if the sublessee Sublessee agrees, at the election and upon the written demand of Lessor, and not otherwise, to attorn to Lessor for the remainder of the term of the subleaseSublease, such attornment shall to be upon all of the terms and conditions of the Lease, with such reasonable modifications as Lessor may require (and if the Base Rental set forth in the sublease Sublease is greater than the Base Rental set forth in the Lease then the sublessee Sublessee agrees that the Base Rental set forth in the sublease Sublease shall be substituted as the Base Rental to be paid to Lessor). The foregoing provisions of this Section 12.4 shall apply notwithstanding that, as a matter of law, the sublease Sublease may otherwise terminate upon the termination of the Lease, and shall be self-operative upon such written demand of the Lessor, and no further instrument shall be required to give effect to said provisions; provided, however, sublessee Sublessee agrees to execute an attornment agreement, in the form and substance acceptable to Lessor and the sublesseeLessor, pursuant to which the sublessee Sublessee confirms that the obligations owed to Lessee under the sublease Sublease shall become obligations to Lessor for the balance of the term of the subleaseSublease.

Appears in 1 contract

Samples: Lease Agreement (iDcentrix, Inc.)

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Termination of Sublease upon Lease Termination. Except as otherwise set forth in this Lease, including, without limitation, the provisions of Section 12.6, if at any time prior to the expiration or termination of an approved sublease Sublease the Lease shall expire or terminate for any reason whatsoever (or Lessee’s right to possession shall terminate without termination of the Lease), then the sublease Sublease shall simultaneously expire and terminate. However, if the sublessee Sublessee agrees, at the election and upon the written demand of Lessor, and not otherwise, to attorn to Lessor for the remainder of the term of the subleaseSublease, such attornment shall to be upon all of the terms and conditions of the Lease, with such reasonable modifications as Lessor may require (and if the Base Rental set forth in the sublease Sublease is greater than the Base Rental set forth in the Lease then the sublessee Sublessee agrees that the Base Rental set forth in the sublease Sublease shall be substituted as the Base Rental to be paid to Lessor). The foregoing provisions of this Section 12.4 shall apply notwithstanding that, as a matter of law, the sublease Sublease may otherwise terminate upon the termination of the Lease, and shall be self-operative upon such written demand of the Lessor, and no further instrument shall be required to give effect to said provisions; provided, however, sublessee Sublessee agrees to execute an attornment agreement, in the form and substance acceptable to Lessor and the sublesseeLessor, pursuant to which the sublessee Sublessee confirms that the obligations owed to Lessee under the sublease Sublease shall become obligations to Lessor for the balance of the term of the subleaseSublease.

Appears in 1 contract

Samples: Lease Agreement (Peerless Systems Corp)

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