Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition, Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 32 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.
Sublandlord means the holder of the tenant’s interest under the Master Lease. In the event of any assignment, transfer or termination of the tenant’s interest under the Master Lease, which assignment, transfer or termination may occur at any time during the Term hereof in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of covenants and obligations of Sublandlord hereunder, and it shall be deemed and construed, without further agreement between the parties, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any security of Subtenant to the transferee of the tenant’s interest under the Master Lease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto.
Sublandlord as used herein shall mean the holder at the time in question of Lessee's (as defined in the Master Lease) interest in the Master Lease. In the event of a transfer of Sublandlord's title or interest in the Master Lease, Sublandlord shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit and Construction Security Deposit (as defined in Paragraph 4(h) of the Work Letter) held by Sublandlord. Upon such transfer or assignment and delivery of the Security Deposit and the Construction Security Deposit (if applicable), as aforesaid, the prior Sublandlord shall be relieved of all liability with respect to the obligations and/or covenants under this Sublease thereafter to be performed by the Sublandlord. Subject to the foregoing, the obligations and/or covenants in this Sublease to be performed by the Sublandlord shall be binding only upon the Sublandlord as hereinabove defined. Notwithstanding the above, and subject to the provisions of Paragraph 20 below, the original Sublandlord under this Sublease, and all subsequent holders of the Sublandlord's interest in this Sublease shall remain liable and responsible with regard to the potential duties and liabilities of Sublandlord pertaining to Hazardous Materials as outlined in Paragraph 5.2 above.
Examples of Sublandlord in a sentence
No portion of the Subleased Premises or of Subtenant’s interest in this Sublease may be acquired by any other person or entity, whether by assignment, mortgage, sublease, transfer, operation of law or act of Subtenant, without the prior written consent of Sublandlord and Master Landlord in accordance with the Master Lease, which consents shall not to be unreasonably withheld.
Sublandlord will deliver the Subleased Premises, and Subtenant will accept the Subleased Premises, in an “as-is” condition on the Sublease Commencement Date (defined below) without any representation or warranty by Sublandlord.
Sublandlord subleases the Subleased Premises to Subtenant, and Subtenant subleases the Subleased Premises from Sublandlord according to the terms of this Sublease.
The entirety of the Premises demised to Sublandlord under the Master Lease containing approximately 19.18 acres of improved real property as more particularly described in Exhibit B attached hereto and made a part of this Sublease by reference.
With respect to any such actions that Subtenant desires to take for which the Master Lease requires the approval or consent of Master Landlord, Subtenant shall request such approval or consent from Sublandlord and Sublandlord shall request such approval or consent from Master Landlord.
More Definitions of Sublandlord
Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto.
Sublandlord as used in this Sublease shall mean only the Sublandlord named herein, so that in the event of any assignment of the Sublease, the Sublandlord named herein shall be and hereby is entirely freed and relieved of all future covenants, obligations and liabilities of Sublandlord hereunder, and it shall be deemed and construed without further agreement between the parties or their successors in interest that the assignee of the Sublease has assumed and agreed to carry out any and all such covenants, obligations and liabilities of Sublandlord hereunder.
Sublandlord as used in this Sublease means only the tenant under the Lease, at the time in question, so that if landlord's interest in the Lease is assigned, landlord shall be thereupon released and discharged from all covenants, conditions and agreements of landlord hereunder accruing with respect to the Lease from and after the date of such assignment, but such covenants, conditions and agreements shall be binding on the assignee until thereafter assigned.
Sublandlord means the landlord or lessor of a subtenant.
Sublandlord being substituted for "Landlord" and "Subtenant" being substituted for "Tenant"), except that Subtenant's obligations for each subject addressed in this Sublease, including rental obligations, are limited to the terms of this Sublease.
Sublandlord means the holder of sublandlord's interest under this Sublease. In the event of any assignment or transfer of the Sublandlord's interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord's sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder, provided that Sublandlord has delivered the Security Deposit and/or Letter of Credit to the transferee and the transferee has expressly assumed Sublandlord's obligations under this Sublease. Sublandlord shall transfer and deliver any then existing Security Deposit and/or Letter of Credit to the transferee of Sublandlord's interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto.
Sublandlord. Xxxx Xxxxxxxx & Associates a California corporation "SUBTENANT" By: /s/ Xxxx Xxxxxxxx Dated 7/25/2022____ Name:________________________________ Title: _________________________________ SUMMIT THERAPEUTICS SUB, INC a Delaware corporation By:_/s/Xxxxx Xxxxxxx_____Xxxxx 7/25/2022__ Name: ________________________________ Title: _________________________________ CONFIDENTIAL Exhibit A EXHIBIT A TENANT WORK LETTER Except as specifically set forth herein, Sublandlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Premises, and Subtenant shall accept the Premises in its presently existing, "as-is" condition. Notwithstanding the foregoing, Xxxxxxxx has agreed with Tenant, at Landlord's sole cost and expense, to (i) install new carpet throughout the Premises, (ii) repaint the interior walls of the Premises, and (iii) other minor cosmetic improvements as may be mutually agreed upon by Landlord and Tenant (the "Tenant Improvements") if Tenant so elects; provided, however, in no event shall the cost to construct such Tenant Improvements exceed, in the aggregate, an amount equal to [ * * ] (i.e., [ * * ] for each of the [**] rentable square feet of the Premises) (the "Tenant Improvement Allowance") and the work is completed prior to December 31, 2022. In the event that Tenant elects to proceed with the Tenant Improvements and the Landlord reasonably determines the total cost to construct the Tenant Improvements exceeds the Tenant Improvement Allowance, Tenant shall pay the amount of such excess to Landlord within [**] days following written demand by Landlord. Subtenant agrees, in the event, the total cost to construct the Tenant Improvements shall exceed the Tenant Improvement Allowance, to pay its pro-rata share of such cost to the Tenant for the Tenant Improvements, i.e., [**] of such costs within [**] days following written demand by Sublandlord. For purposes of this paragraph, "cost" shall be the actual cost to Landlord of performing Tenant Improvements including, without limitation, design, permitting, construction of the Tenant Improvements, plus a construction management fee determined in accordance with the terms in Section 7.6 of the M aster Lease . If, however, the cost of the Tenant Improvements is less than the Tenant Improvement Allowance, and there is no then existing Event of Default by Subtenant under the Sublease (as amended), then Subtenant may elect, by written notice to Sublandlord for...