Common use of Termination of the Prime Lease Clause in Contracts

Termination of the Prime Lease. If for any reason the term of the Prime Lease is terminated prior to the Expiration Date of this Sublease, this Sublease shall thereupon terminate, and Sublandlord shall not be liable to Subtenant by reason thereof unless said termination shall have been effected because of the default of or voluntary surrender by Sublandlord under the Prime Lease, or unless Sublandlord has failed to abide by Sublandlord’s obligations pursuant to Section 10(c) above.

Appears in 2 contracts

Samples: Sublease Agreement (Advancis Pharmaceutical Corp), Sublease Agreement (Large Scale Biology Corp)

AutoNDA by SimpleDocs

Termination of the Prime Lease. If for any reason the term of the Prime Lease is terminated prior to the Expiration Date of this SubleaseDate, then, subject to Section 7(b) hereof, this Sublease shall thereupon terminateimmediately terminate with respect to the entire Subleased Premises, and Sublandlord Sublessor shall not be liable to Subtenant Sublessee by reason thereof unless said such termination shall have been effected because is a result of the a default of or voluntary surrender by Sublandlord Sublessor under the Prime Lease, or unless Sublandlord has failed to abide by Sublandlord’s obligations pursuant to Section 10(c) aboveLease beyond all applicable notice and grace periods.

Appears in 2 contracts

Samples: Sublease Agreement, Sublease Agreement (Newtek Business Services Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!