The Sublease. 4.1. This sublease is subordinate to the Head Lease.
4.2. By this sublease the Sublessor lets and the Subtenant takes the Premises for [the remainder of] the Term at the Rent and subject to ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
4.3. This sublease is subject to every right and reservation of the Head ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
4.4. The Subtenant takes the Premises in their present condition and subject to any outstanding obligations of ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
4.5. The Premises are let subject to ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ , ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
4.6. The rights specified ■ ■ ■ ■ ■ ■ ■ ■ 1 ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
The Sublease. This paragraph is the essence of the agreement. It ties the new subtenant to the ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . It is usual for only the cost of insurance to be treated as rent (and usually referred to as “Insurance rent”). The addition here of other expenses is ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
The Sublease. So long as the Sublease shall be in effect:
(i) Lessor and Lessee shall not agree between themselves to any termination (except as expressly provided in Paragraph 13 or l4 hereof), surrender or modification of this Lease without the prior written consent of the Sublessee;
(ii) Lessor will give to the Sublessee a copy of any notice or other communication given by Lessor to Lessee, at the time of giving such notice or communication to Lessee, and Lessor will not exercise any right, power or remedy with respect to any default hereunder and no notice to Lessee of any default and no termination of this Lease in connection therewith shall be effective, unless Lessor shall have given to the Sublessee written notice or a copy of its notice to Lessee of such default or any such termination, as the case may be;
(iii) Lessor will not exercise any right power or remedy with respect to any event of default hereunder until the expiration of any grace period provided with respect thereto, plus
(A) in the case of a default constituting an event of default under clause (l) of Paragraph 17(a), fifteen (l5) days after the date Lessor has given to the Sublessee written notice of such default or a copy of its notice to Lessee of such default (as required by clause (ii) above), or
(B) in the case of a default constituting an event of default under clause (2) of Paragraph 17(a), thirty (30) days after the last to occur of
(1) any grace period provided with respect thereto, or
(2) the date Lessor gives to the Sublessee written notice of such default or a copy of its notice to Lessee of such default (as required by clause (ii) above). Lessor will not exercise any right, power or remedy with respect to any default referred to in subclause (B) of this clause (iii), if
The Sublease. This paragraph is the essence of the agreement. It ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . It is usual for only the cost of insurance to be treated as rent (and usually referred to as “ ■ ■ ■ ■ ■ ■ ■ ■ ”). ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
The Sublease. The County has agreed to lease the Demised Premises (as defined in the Sublease) to the Corporation pursuant to a Lease (Santa Barbara County), dated as of December 1, 2014 (the “Lease”), and simultaneously sublease the same from the Corporation pursuant to the Sublease. The County, as the lessee under the Sublease, will be obligated to make the Base Rental Payments and pay Additional Rental for the use and occupancy of the Demised Premises. The Base Rental Payments, comprised of a principal component and an interest component, shall be payable as 3662205.01.07.docx 4156212 provided in Exhibit B to the Sublease and Exhibit A attached hereto, and shall be subject to adjustment as provided in the Sublease.
The Sublease. Sublessor subleases the entire Sublease Premises, as further defined below, to Sublessee and Sublessee subleases the entire Sublease Premises from Sublessor, in accordance with the terms and conditions set forth herein. The terms used in this Sublease shall have the same meaning ascribed to them in the Lease, except as and to the extent otherwise expressly provided in the Sublease. It is mutually acknowledged that the term "Premises" when used in the Lease shall mean Suites 101 and 120 and contain approximately 5,373 rentable square feet,.
The Sublease. The Seller shall have obtained, and Purchaser shall have received copies of: (i) a certificate of the Secretary of State of the State of Delaware as to the due incorporation and good standing of Versyss; and (ii) a certificate of the Secretary of State of the State of New Jersey as to the due incorporation and good standing of PCN.
The Sublease. Except as specifically amended by the First Amendment and this Second Amendment, Sublessor and Sublessee agree that all the provisions and conditions of the Sublease are and shall continue in full force and effect.
The Sublease. The Limited Guaranty and Stock Pledge Agreement (together with original certificates representing all issued and outstanding capital stock of Buyer with stock powers executed in blank). Certified resolutions of Buyer's Board of Directors and sole shareholder to evidence Buyer's authority to execute,delivery and perform this Agreement, the Note, Security Agreement and Assignment of Contracts and the other documents required to consummate the transactions contemplated by this Agreement. An opinion of counsel for Buyer in substantially the form of Exhibit J attached hereto. Insurance certificate showing that Buyer has in effect insurance in compliance with the Note and Security Agreement and naming the Seller as loss payee on casualty policies and as an additional insured party on liability policies. Such other documents, certificates and instruments as may be reasonably requested by Seller in connection with the transactions contemplated hereby.
The Sublease. The Sublease for the Skylift Assets described in Section 7.1.4.
