The Sublease Sample Clauses
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. 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. 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. 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 ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
4.5. The Premises are let subject to ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ , ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
4.6. The rights specified ■ ■ ■ ■ ■ ■ ■ ■ 1 ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
4.7. All payments which may be due by the ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
4.8. Except so far as provided in this sublease, the ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
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. 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. If for any proposed assignment or sublease, Subtenant receives Rent or other consideration, either initially or over the term of the assignment or sublease, in excess of the Rent required by this Sublease, after a deduction for the following: (a) any brokerage commission paid by Subtenant in connection therewith and (b) any reasonable attorneys' fees in connection with preparing and negotiating an assignment or sublease document ("Profit"), Subtenant shall pay to Sublandlord as additional Rent, fifty percent (50%) of such Profit or other consideration received by Subtenant within five (5) days of its receipt by Subtenant or, in the event the assignee makes payment directly to Sublandlord, Sublandlord shall refund fifty percent (50%) of the Profit to Subtenant after deducting (a) and (b) above.
The Sublease. Pursuant to the terms and provisions of that certain Amended and Restated Ground Sublease Agreement dated effective September 24, 1998, between Borrower and Subtenant (the "Sublease"), for a term of twenty-eight (28) years plus certain options as therein set forth, a portion of the Property (the "Subleased Premises") has been subleased to Subtenant, which Sublease is subordinate to the terms and provisions of the Security Documents.
The Sublease. The Transition Services Agreement.