Common use of Terms of Sublease Clause in Contracts

Terms of Sublease. Each sublease of any portion of the Leased Property shall be subject and subordinate to the provisions of this Lease and shall provide that Landlord, at its option and without any obligation to do so, may require any sublessee to attorn to Landlord, in which event Landlord shall undertake the obligations of Tenant, as sublessor under such sublease from the time of the exercise of such option to the termination of such sublease, and in such case, Landlord shall not be liable (i) for any prepaid rents or security deposit paid by such sublessee to Tenant unless Landlord actually receives the same from Tenant or (ii) for any other defaults of Tenant under such sublease. In the event that Landlord shall not require such attornment with respect to any sublease, then such sublease shall automatically terminate upon the expiration or earlier termination of this Lease, including any earlier termination by mutual consent of Landlord and Tenant. No sublease made as permitted by Section 23.3.1 shall affect or reduce any of the obligations of Tenant hereunder, and all such obligations shall continue in full force and effect as if no sublease had been made. No sublease shall impose any additional obligations on Landlord under this Lease.

Appears in 4 contracts

Samples: Master Agreement (Eldertrust), Lease Agreement (Eldertrust), Sublease Agreement (Eldertrust)

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