Sublease Premises shall refer to the Phase I Premises until the Phase II Effective Date and thereafter shall refer collectively to the Phase I Premises and the Phase II Premises. The term “Phase” used alone shall refer to either the Phase I Premises or the Phase II Premises as the context permits. Upon the Phase II Effective Date, the Sublease Premises shall thereafter consist of approximately 123,741 rentable square feet. Sublease Term: The period of time commencing on the Commencement Date and expiring on the Expiration Date. Subtenant: Mass Innovation Labs, LLC a Delaware Limited Liability Company Subtenant’s Address: Prior to the Commencement Date: Xxx Xxxxxxxx 00xx Xxxxx Xxxxxxxxx, XX 00000 Attn: Xxxx Xxxxxx From and after the Commencement Date: 000 Xxxx Xxxxxxx Xxxxxx Cambridge, Massachusetts 02142 Attn: Xxxx Xxxxxx Subtenant’s Share The ratio, expressed as a percentage, of the Rentable Square Footage of the Sublease Premises to the Rentable Square Footage of the Master Premises, being equal to 24.41%, subject to adjustment based on increases or decreases in the Rentable Square Footage of the Sublease Premises in accordance with the terms and conditions of this Sublease. Effective on the Phase II Effective Date, Subtenant’s Share shall increase to 42.56%. Exhibits: Exhibit A – Master Lease Exhibit B – Sublease Premises (Phase I Premises) Exhibit B2 – Sublease Premises (Phase II Premises) Exhibit C – Form of Letter of Credit Exhibit TI – Subtenant Improvements Workletter Exhibit D – Schedule of Sublandlord Property Exhibit E – Form of Xxxx of Sale Exhibit F – Intentionally Omitted Exhibit G - Form of Commencement Date Agreement Exhibit H - Form of Master Landlord Consent Exhibit I - Form of Real Estate License Agreement THIS SUBLEASE AGREEMENT (this “Sublease”) is entered as of the Effective Date by and between Sublandlord and Subtenant on the basis of the following facts, understandings and intentions:
Sublease Premises as used in this Sublease, shall mean and refer only to the Partial Premises until Sublessor delivers the Remainder Premises to Subtenant in which case, upon such delivery of the Remainder Premises, Subtenant shall be obligated to sublease all of the Sublease Premises and the term "Sublease Premises" shall mean and refer to all of the Sublease Premises. Notwithstanding anything to the contrary contained in this Section 1, if Sublessor does not so tender possession to Subtenant of the Remainder Premises (without any tenant improvements being made therto) by January 1, 2001 (The "Outside Date"), then as Subtenant's sole and exclusive remedy against Sublessor for Sublessor's failure to deliver and/or delay in the delivery of the Remainder Premises, Subtenant may terminate this Sublease by delivering written notice therof to Sublessor at any time after the Outside Date, but prior to Sublessor's tender of possession of the Remainder Premises. If Subtenant fails to deliver such termination notice, or if Sublessor tenders to Subtenant possession of the Sublease Premises (without any tenant improvements being made thereto) at any time earlier than the expiration of ten (10) business days following receipt of Subtenant's termination notice, then upon the occurrence of any such events the foregoing right given to Subtenant to terminate this Sublease as provided herein shall lapse and be null and void and the Sublease shall remain in full force and effect with Subtenant having no further right to terminate this Lease pursuant to the foregoing provision. If Sublessor does so timely deliver to Subtenant possession of the Sublease Premises (without any tenant improvements being made thereto), Subtenant shall promptly deliver written notice to Sublessor confirming same (however, any failure by Subtenant to so notify Sublessor shall not affect the enforceability of this Sublease).
Sublease Premises. Four buildings including 506,317 square feet of Rentable Area, as initially described in Exhibit “A” to the Master Lease and as more fully described in Exhibit A. The Sublease Premises consists of the following (each, a “Sublease Premises Portion”):
Examples of Sublease Premises in a sentence
This Sublease, and the exhibits and schedules attached hereto, contain all of the terms, covenants, conditions, warranties and agreements of the parties relating in any manner to the rental, use and occupancy of the Sublease Premises and shall be considered to be the only agreements between the parties hereto and their representatives and agents.
Many people have had difficulty understanding what the development of the project and possible resettlement would mean for them.
Subtenant shall not use or permit the use of the Sublease Premises in a manner that will create waste or a nuisance, interfere with or disturb other tenants in the Building or violate the provisions of the Master Lease.
The Security Deposit, or so much thereof as had not theretofore been applied by Sublandlord, shall be returned to Subtenant within thirty (30) days of the expiration or earlier termination of this Sublease, provided Subtenant has vacated the Sublease Premises.
Subtenant may use the Sublease Premises only for the purposes as allowed in the Master Lease, and for no other purpose.
More Definitions of Sublease Premises
Sublease Premises shall refer to the Existing Sublease Premises and Expansion Premises collectively.
Sublease Premises. The entire twenty-fifth (25th) floor of the Building containing five thousand five hundred twenty-six (5,526) rentable square feet of space as stipulated and agreed to by Sublandlord and Subtenant.
Sublease Premises shall include the Sublease Premises and the Improvements.
Sublease Premises as used in this Sublease, shall refer to Area 1 until the Area 2 Sublease Commencement Date and, thereafter, shall refer to both Area 1 and Area 2.
Sublease Premises means and include both the Initial Sublet Premises and the Expansion Premises;
Sublease Premises. (Article 2): The Sublease Premises constitutes all of the Premises, and contains approximately 16,397 square feet of leasable area (the "Sublease Premises"). The Sublease Premises is further described on the drawings attached to the Master Lease.