Common use of Condition of Sublease Premises Clause in Contracts

Condition of Sublease Premises. IDC has thoroughly inspected the Sublease Premises and accepts them in their present condition, AS IS WITH ALL FAULTS and acknowledges and represents that IDC is entering into this Sublease without relying upon any statement, representations or warranty made by the University or by any agent or by any other person except as set forth herein. IDC and University expressly agree that there are and shall be no implied warranties of merchantability, habitability, fitness for a particular purpose or any other kind arising out of this Sublease, and there are no warranties that extend beyond those expressly set forth in this Sublease. Notwithstanding the foregoing, University shall at its sole cost and expense (i) demise the Sublease Premises from the Premises (the “Demising Work”) substantially as shown on the attached Exhibit B (with both parties hereby agreeing to act reasonably with respect to any minor adjustments of such Demising Work as may be reflected in the final plans and specifications for the same); and (ii) deliver the Sublease Premises to IDC in broom clean condition with all furniture and equipment in good operating condition.