Authorization to Direct Sublease Payments. Subtenant shall have the right to pay all rent and other sums owing by Subtenant to Sublandlord hereunder for those items which also are owed by Sublandlord to Landlord under the Master Lease directly to Landlord only upon receipt of a copy of a written demand for such payment by Subtenant made to Sublandlord by Landlord. Notwithstanding the foregoing, (i) Subtenant shall not prepay any amounts owing by Sublandlord without the consent of Sublandlord, (ii) Subtenant shall provide to Sublandlord concurrently with any payment to Landlord reasonable evidence of such payment, and (iii) if Sublandlord notifies Subtenant that it disputes any amount demanded by Landlord, Subtenant shall not make any such payment to Landlord unless Landlord has provided a notice to pay such amount or forfeit the Master Lease. Any sums paid directly by Subtenant to Landlord in accordance with this paragraph shall be credited toward the amounts payable by Subtenant to Sublandlord under this Sublease. In the event Subtenant tenders payment directly to Landlord in accordance with this paragraph and Landlord refuses to accept such payment, Subtenant shall have the right to deposit such funds in account with a national bank for the benefit of Landlord and Sublandlord, and the deposit of said funds in such account shall discharge Subtenant's obligation under this Sublease to make the payment in question.
Appears in 3 contracts
Sources: Lease Agreement (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc)
Authorization to Direct Sublease Payments. Subtenant shall have ----------------------------------------- the right to pay all rent and other sums owing by Subtenant to Sublandlord hereunder for those items which also are owed by Sublandlord to Master Landlord under the Master Lease directly to Master Landlord only upon receipt if either (a) Subtenant reasonably believes that Sublandlord has failed to make any payment required to be made by Sublandlord to Master Landlord under the Master Lease and Sublandlord fails to provide adequate proof of a copy of a payment within two (2) business days after Subtenant's written demand for requesting such payment by Subtenant made to Sublandlord by Landlordproof. Notwithstanding the foregoing, : (i) Subtenant shall not prepay any amounts owing by Sublandlord without the consent of Sublandlord, (ii) Subtenant shall provide to Sublandlord concurrently with any payment to Master Landlord reasonable evidence of such payment, and (iiiii) if Sublandlord notifies Subtenant that it disputes any amount demanded by Master Landlord, Subtenant shall not make any such payment to Master Landlord unless Master Landlord has provided a three-day notice to pay such amount or forfeit the Master Lease. Any sums paid directly by Subtenant to Master Landlord in accordance with this paragraph shall be credited toward the amounts payable by Subtenant to Sublandlord under this the Sublease. In the event Subtenant tenders payment directly to Master Landlord in accordance with this paragraph and Master Landlord refuses to accept such payment, Subtenant shall have the right to deposit such funds in an account with a national bank for the benefit of Master Landlord and Sublandlord, and the deposit of said funds in such account shall discharge Subtenant's obligation obligations under this the Sublease to make the payment in question.
Appears in 1 contract
Sources: Sublease (Artisan Components Inc)
Authorization to Direct Sublease Payments. Subtenant Sublessee shall have the right to pay all rent and other sums owing by Subtenant Sublessee to Sublandlord Sublessor hereunder for those items which also are owed by Sublandlord Sublessor to Landlord Master Lessor under the Master Lease directly to Landlord only upon receipt Master Lessor, provided Sublessee reasonably believes that Sublessor has failed to make any payment required to be made by Sublessor to Master Lessor under the Master Lease and Sublessor fails to provide adequate proof of a copy of a payment within three (3) business days after Sublessee’s written demand for requesting such payment by Subtenant made to Sublandlord by Landlordproof. Notwithstanding the foregoing, (i) Subtenant shall not prepay any amounts owing by Sublandlord without the consent of Sublandlord, (ii) Subtenant Sublessee shall provide to Sublandlord Sublessor concurrently with any payment to Landlord Master Lessor reasonable evidence of such payment, and (iii) if Sublandlord notifies Subtenant that it disputes any amount demanded by Landlord, Subtenant shall not make any such payment to Landlord unless Landlord has provided a notice to pay such amount or forfeit the Master Lease. Any sums paid directly by Subtenant Sublessee to Landlord Master Lessor in accordance with this paragraph shall be credited toward the amounts payable by Subtenant Sublessee to Sublandlord Sublessor under this Sublease. In the event Subtenant Sublessee tenders payment directly to Landlord Master Lessor in accordance with this paragraph and Landlord Master Lessor refuses to accept such payment, Subtenant Sublessee shall have the right to deposit such funds in an account with a national bank for the benefit of Landlord Master Lessor and SublandlordSublessor, and the deposit of said funds in such account shall discharge Subtenant's Sublessee’s obligation under this Sublease to make the payment in question.
Appears in 1 contract
Sources: Sublease (Couchbase, Inc.)
Authorization to Direct Sublease Payments. Subtenant Sub-Tenant shall have the right to pay all rent and other sums owing by Subtenant Sub-Tenant to Sublandlord Sub-Landlord hereunder for those items which also are owed by Sublandlord Sub-Landlord to Landlord under the Master Lease directly to Landlord only upon receipt if Sub-Tenant reasonably believes that Sub-Landlord has failed to make any payment required to be made by Sub- Landlord to Landlord under the Lease and Sub-Landlord fails to provide adequate proof of a copy of a payment within two (2) business days after Sub-Tenant's written demand for requesting such payment by Subtenant made to Sublandlord by Landlord. Notwithstanding the foregoing, (i) Subtenant shall not prepay any amounts owing by Sublandlord without the consent of Sublandlord, (ii) Subtenant shall provide to Sublandlord concurrently with any payment to Landlord reasonable evidence of such payment, and (iii) if Sublandlord notifies Subtenant that it disputes any amount demanded by Landlord, Subtenant shall not make any such payment to Landlord unless Landlord has provided a notice to pay such amount or forfeit the Master Leaseproof. Any sums paid directly by Subtenant Sub-Tenant to Landlord in accordance with this paragraph shall be credited toward the amounts payable by Subtenant Sub-Tenant to Sublandlord Sub-Landlord under this the Sublease. In the event Subtenant Sub-Tenant tenders payment directly to Landlord in accordance with this paragraph and Landlord refuses to accept such payment, Subtenant Sub-Tenant shall have the right to deposit such funds in an account with a national bank for the benefit of Landlord and SublandlordSub-Landlord, and the deposit of said funds in such account shall discharge SubtenantSub-Tenant's obligation under this the Sublease to make the payment in question.
Appears in 1 contract
Authorization to Direct Sublease Payments. Subtenant shall have the right to pay all rent and other sums owing by Subtenant to Sublandlord hereunder for those items which also are arc owed by Sublandlord to Prime Landlord under this Sublease directly to Prime Landlord on the following terms and conditions: (i) Subtenant reasonably believes that Sublandlord is in default of its payment obligations to Prime Landlord under the Master Prime Lease directly and Sublandlord fails to Landlord only upon receipt provide adequate proof of a copy of a payment within two (2) business days after Subtenant’s written demand for requesting such payment by Subtenant made to Sublandlord by Landlord. Notwithstanding the foregoing, proof; (iii) Subtenant shall not prepay any amounts owing by Sublandlord Subtenant without the consent of Sublandlord, ; (iiiii) Subtenant shall provide to Sublandlord concurrently with any payment to Prime Landlord reasonable evidence of such payment, ; and (iiiiv) if Sublandlord notifies Subtenant that it disputes any amount demanded by Prime Landlord, Subtenant shall not make any such payment to Prime Landlord unless Prime Landlord has provided a three-day notice to pay such amount or forfeit the Master Prime Lease. Any sums rightfully paid directly by Subtenant to Prime Landlord in accordance with this paragraph Paragraph shall be credited toward the amounts payable by Subtenant to Sublandlord under this Sublease. In the event Subtenant tenders payment directly to Prime Landlord in accordance with this paragraph Paragraph and Prime Landlord refuses to accept such payment, Subtenant shall have the right to deposit such funds in an account with a national bank for the benefit of Prime Landlord and Sublandlord, and the deposit of said funds in such account shall discharge Subtenant's ’s obligation under this Sublease to make the payment in question.
Appears in 1 contract
Sources: Sublease (Linkedin Corp)
Authorization to Direct Sublease Payments. Subtenant shall have the right to pay all rent and other sums owing by Subtenant to Sublandlord hereunder for those items which also are owed by Sublandlord to Landlord under the Master Lease directly to Landlord only upon receipt if Subtenant reasonably believes that Sublandlord has failed to make any payment required to be made by Sublandlord to Landlord under the Lease and Sublandlord fails to provide adequate proof of a copy of a payment within five (5) business days after Subtenant's written demand for requesting such payment by Subtenant made to Sublandlord by Landlord. Notwithstanding the foregoing, (i) Subtenant shall not prepay any amounts owing by Sublandlord without the consent of Sublandlord, (ii) Subtenant shall provide to Sublandlord concurrently with any payment to Landlord reasonable evidence of such payment, and (iii) if Sublandlord notifies Subtenant that it disputes any amount demanded by Landlord, Subtenant shall not make any such payment to Landlord unless Landlord has provided a notice to pay such amount or forfeit the Master Leaseproof. Any sums paid directly by Subtenant to Landlord in accordance with this paragraph shall be credited toward the amounts payable by Subtenant to Sublandlord under this the Sublease. In the event Subtenant tenders payment directly to Landlord in accordance with this paragraph and Landlord refuses to accept such payment, Subtenant shall have the right to deposit such funds in an account with a national bank for the benefit of Landlord and Sublandlord, and the deposit of said funds in such account shall discharge Subtenant's obligation under this Sublease to make the payment in question.
Appears in 1 contract
Authorization to Direct Sublease Payments. Subtenant Sublessee shall have the right to pay all rent and other sums owing by Subtenant Sublessee to Sublandlord Sublessor hereunder for those items which also are owed by Sublandlord Sublessor to Landlord Master Lessor under the Master Lease directly to Landlord only upon receipt Master Lessor, provided (a) Sublessee reasonably believes that Sublessor has failed to make any payment required to be made by Sublessor to Master Lessor under the Master Lease and Sublessor fails to provide adequate proof of a copy of a payment within two (2) business days after Sublessee's written demand for requesting such proof, or (b) Sublessee reasonably believes that Sublessor shall fail to make any payment required to be made by Subtenant made Sublessor to Sublandlord by LandlordMaster Lessor under the Master Lease and Sublessor fails to provide assurance of future performance in form reasonably satisfactory to Sublessee within two (2) business days after Sublessee's written demand requesting such assurance. Notwithstanding the foregoing, (i) Subtenant shall not prepay any amounts owing by Sublandlord without the consent of Sublandlord, (ii) Subtenant Sublessee shall provide to Sublandlord Sublessor concurrently with any payment to Landlord Master Lessor reasonable evidence of such payment, and (iii) if Sublandlord notifies Subtenant that it disputes any amount demanded by Landlord, Subtenant shall not make any such payment to Landlord unless Landlord has provided a notice to pay such amount or forfeit the Master Lease. Any sums paid directly by Subtenant Sublessee to Landlord Master Lessor in accordance with this paragraph shall be credited toward the amounts payable by Subtenant Sublessee to Sublandlord Sublessor under this Sublease. In the event Subtenant Sublessee tenders payment directly to Landlord Master Lessor in accordance with this paragraph and Landlord Master Lessor refuses to accept such payment, Subtenant Sublessee shall have the right to deposit such funds in an account with a national bank for the benefit of Landlord Master Lessor and SublandlordSublessor, and the deposit of said funds in such account shall discharge SubtenantSublessee's obligation under this Sublease to make the payment in question.
Appears in 1 contract
Sources: Sublease (Spectrian Corp /Ca/)