Common use of Terms of Subleases Clause in Contracts

Terms of Subleases. (a) Tenant shall submit the terms of all subleases to State for prior approval. (b) Tenant shall incorporate the following requirements in all subleases: (1) The sublease must be consistent with and subject to all the terms and conditions of this Lease; (2) The sublease must provide that this Lease controls if the terms of the sublease conflict with the terms of this Lease; (3) The term of the sublease (including any period of time covered by a renewal option) must end before the Termination Date of the initial Term or any renewal term; (4) The sublease must terminate if this Lease terminates for any reason; (5) The subtenant must receive and acknowledge receipt of a copy of this Lease; (6) The sublease must prohibit the prepayment to Tenant by the subtenant of more than the annual rent. (7) The sublease must identify the rental amount subtenant is to pay to Tenant; (8) The sublease must provide that there is no privity of contract between the subtenant and State; (9) The sublease must require removal of the subtenant’s Improvements and Personal Property upon termination of the sublease; (10) The subtenant’s permitted use must be within the scope of the Permitted Use; (11) The sublease must require the subtenant to meet the Indemnification requirements under Paragraph10; (12) The sublease must require the subtenant to meet the Insurance requirements under Paragraph10 unless State agrees in writing to exempt a subtenant from this requirement; (13) The sublease must require the subtenant to comply with the Financial Security requirements under Paragraph10, unless State agrees in writing to exempt a subtenant from this requirement; (14) If the sublease includes moorage of a vessel, the sublease must require the subtenant to procure marine insurance as set forth in Paragraph 10.2(c)(4) of this Lease.

Appears in 2 contracts

Samples: Aquatic Lands Lease, Aquatic Lands Lease

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Terms of Subleases. (a) Tenant shall submit the terms of all subleases to State for prior approval. (b) Tenant shall incorporate the following requirements in all subleases: (1) The sublease must be consistent with and subject to all the terms and conditions of this Lease; (2) The sublease must provide that this Lease controls if the terms of the sublease conflict with the terms of this Lease; (3) The term of the sublease (including any period of time covered by a renewal option) must end before the Termination Date of the initial Term or any renewal term; (4) The sublease must terminate if this Lease terminates for any reason; (5) The sublease must include an acknowledgment that the subtenant must receive and acknowledge receipt of has received a copy of this Lease; (6) The sublease must prohibit the prepayment to Tenant by the subtenant of more than the annual one year of rent.; (7) The sublease must identify the rental amount subtenant is to pay to Tenant; (8) The sublease must provide that there is no privity of contract between the subtenant and State; (9) The sublease must require removal of the subtenant’s Improvements and Personal Property upon termination of the sublease; (10) The subtenant’s permitted use must be within the scope of the Permitted Use; (11) The sublease must require the subtenant to meet indemnify, defend, and hold harmless State to the Indemnification requirements same extent Tenant is required to indemnify, defend, and hold harmless State under Paragraph10this Lease ; (12) The sublease must require the subtenant to meet the Insurance requirements under Paragraph10 Section 10 unless State agrees in writing to exempt a subtenant from this requirement;; Aquatic Lands Lease (Rev. 7/20/2022) Page 18 of 40 Lease No. 20-B09917 (13) The sublease must require the subtenant to comply with the Financial Security requirements under Paragraph10, unless State agrees in writing to exempt a subtenant from this requirement;Section 10; and (14) If the sublease includes moorage of a vessel, the sublease must require the subtenant to procure marine insurance as set forth in Paragraph 10.2(c)(4) of this Lease.

Appears in 1 contract

Samples: Aquatic Lands Lease

Terms of Subleases. (a) Tenant shall submit the terms of all subleases to State for prior approval. (b) Tenant shall incorporate the following requirements in all subleases: (1) The sublease must be consistent with and subject to all the terms and conditions of this Lease; (2) The sublease must provide that this Lease controls if the terms of the sublease conflict with the terms of this Lease; (3) The term of the sublease (including any period of time covered by a renewal option) must end before the Termination Date of the initial Term or any renewal term; (4) The sublease must terminate if this Lease terminates for any reason; (5) The sublease must include an acknowledgment that the subtenant must receive and acknowledge receipt of has received a copy of this Lease; (6) The sublease must prohibit the prepayment to Tenant by the subtenant of more than the annual one year of rent.; (7) The sublease must identify the rental amount subtenant is to pay to Tenant; (8) The sublease must provide that there is no privity of contract between the subtenant and State; (9) The sublease must require removal of the subtenant’s Improvements and Personal Property upon termination of the sublease; (10) The subtenant’s permitted use must be within the scope of the Permitted Use; (11) The sublease must require the subtenant to meet indemnify, defend, and hold harmless State to the Indemnification requirements same extent Tenant is required to indemnify, defend, and hold harmless State under Paragraph10this Lease; (12) The sublease must require the subtenant to meet the Insurance requirements under Paragraph10 Section 10 unless State agrees in writing to exempt a subtenant from this requirement; (13) The sublease must require the subtenant to comply with the Financial Security requirements under Paragraph10, Section 10 unless State agrees in writing to exempt a subtenant from this requirement;; and (14) If the sublease includes moorage of a vessel, the sublease must require the subtenant to procure marine insurance as set forth in Paragraph 10.2(c)(4) of this Lease.

Appears in 1 contract

Samples: Aquatic Lands Lease

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Terms of Subleases. (a) Tenant shall submit the terms of all subleases to State for prior approval. (b) Tenant shall incorporate the following requirements in all subleases: (1) The sublease must be consistent with and subject to all the terms and conditions of this Lease; (2) The sublease must provide that this Lease controls if the terms of the sublease conflict with the terms of this Lease; (3) The term of the sublease (including any period of time covered by a renewal option) must end before the Termination Date of the initial Term or any renewal term; (4) The sublease must terminate if this Lease terminates for any reason; (5) The subtenant must receive and acknowledge receipt of a copy of this Lease; (6) The sublease must prohibit the prepayment to Tenant by the subtenant of more than the annual rent.; (7) The sublease must identify the rental amount subtenant is to pay to Tenant; (8) The sublease must provide that there is no privity of contract between the subtenant and State; (9) The sublease must require removal of the subtenant’s Improvements and Personal Property upon termination of the sublease; (10) The subtenant’s permitted use must be within the scope of the Permitted Use; (11) The sublease must require the subtenant to meet the Indemnification requirements under Paragraph10Section 10; (12) The sublease must require the subtenant to meet the Insurance requirements under Paragraph10 unless State agrees in writing to exempt a subtenant from this requirementSection 10; (13) The sublease must require the subtenant to comply with the Financial Security requirements under Paragraph10, unless State agrees in writing to exempt a subtenant from this requirement; (14) If the sublease includes moorage of a vessel, the sublease must require the subtenant to procure marine insurance as set forth in Paragraph 10.2(c)(4) of this LeaseSection 10.

Appears in 1 contract

Samples: Aquatic Lands Lease

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