Existing Sublease Sample Clauses
The 'Existing Sublease' clause defines how current subleases within a leased property are treated under a new or amended lease agreement. Typically, this clause clarifies whether any subleases already in place before the new agreement will be recognized, and under what terms, such as requiring the landlord’s consent or specifying that the new lease is subject to the rights of existing subtenants. Its core function is to ensure clarity and prevent disputes by establishing the status and treatment of subleases that predate the main lease, thereby protecting the interests of all parties involved.
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Existing Sublease. The existing Sub-Sublease Agreement dated as of May 31, 2001 by and between Sublessor and Sublessee (the “Existing Sub-Sublease Agreement”) is hereby terminated. Sublessee agrees to deliver to Sublessor on or before the Commencement Date, the second and third floor space that was the subject of said Existing Sub-Sublease Agreement (i) in broom clean condition, (ii) with all of Sublessee’s machinery, furniture, fixtures, and equipment, and hazardous materials removed from such space, and (iii) such space cleaned by Pass Janitorial Service. When so surrendered, the surrender obligations of Sublessee for such space as set forth in the existing sublease shall be deemed to have been performed in all required respects.
Existing Sublease. Landlord and Tenant acknowledge that Tenant is currently subleasing the Existing Premises pursuant to an occupancy agreement therefor (as may have been amended, otherwise modified and/or consented to in writing, collectively, the “Sublease Documentation”), which sublease is scheduled to expire upon the termination of the master lease for the Existing Premises (including any and all amendments thereto, the “Master Original Lease”) on October 31, 2012, and that it is not their intent with this Lease to modify any of the tenant’s rights or obligations under the Master Original Lease or the Sublease Documentation, including, without limitation, such tenant’s possessory interests in the Existing Premises as a tenant and a sublandlord pursuant to the terms of the Master Original Lease and the Sublease Documentation. Without limiting the generality of the foregoing, the parties specifically acknowledge and agree that, during the period between the Lease Date and the Existing Premises Commencement Date, Tenant’s only interests in the Existing Premises shall be as a subtenant pursuant to the Sublease Documentation, and as the holder of a right to become a tenant pursuant to the terms of this Lease. Accordingly, the parties further acknowledge that (a) any default beyond all applicable notice and cure periods by Tenant or Landlord under the Sublease Documentation or this Lease shall also be deemed a default beyond all applicable notice and cure periods by Tenant or Landlord, as applicable, under both this Lease and the Sublease Documentation, and such default beyond all applicable notice and cure periods shall be subject to the terms of this Lease in addition to the terms of the Sublease Documentation, and (b) Tenant shall not be obligated to vacate and surrender the Existing Premises under the Master Original Lease upon the termination of the Master Original Lease on October 31, 2012 (it being the intent of the parties that, subject to Landlord’s rights under the Sublease Documentation and hereunder, Tenant simply continue its occupancy under this Lease). Tenant hereby certifies and acknowledges to Landlord that, as of the date of the mutual execution of this Lease, to Tenant’s actual knowledge without duty of investigation or inquiry, that Tenant is not aware of any default by Landlord (including, without limitation, any notice of default, or any default in connection with any utilities and services provided by Landlord as of the Lease Date in connection with Tena...
Existing Sublease. As of the date hereof Tenant is occupying the majority of the Premises pursuant to that certain Sublease dated December 31, 2009, between Tenant, as subtenant, and FibroGen, Inc., a Delaware corporation ("FibroGen"), as Sublandlord (such Sublease, as amended, the "Sublease"). The Sublease has been made subject to (i) that certain Build-to-Suit Lease dated December 20, 1996 (the "225 Lease"), between FibroGen, as tenant, and Landlord, as landlord, and (ii) that certain Build-to-Suit Lease dated February 8, 2000 (the "201 Lease"), between FibroGen, as tenant, and Landlord, as landlord (the 225 Lease and 201 Lease, as amended, being referred to collectively as the "FibroGen Leases"). The Sublease and FibroGen Lease are each scheduled to expire on February 4, 2015, and the Lease Commencement Date under this Lease shall occur immediately upon such termination. Notwithstanding such termination of the Sublease and FibroGen Lease, Tenant hereby acknowledges and agrees that it shall remain obligated to Landlord, as a direct obligation under this Lease, to perform the removal and restoration obligations that Tenant currently has as subtenant under the Sublease, at the expiration or earlier termination of this Lease, all at Tenant's sole cost and expense (the "Continuing Obligations"). If Landlord and Tenant reach agreement on a new lease to continue in the Premises, or the parties enter into the lease contemplated by Section 1.3, below, for a period of not less than seven (7) years after the expiration of the initial Lease Term (which agreement may be made or not made in the sole and absolute discretion of Landlord and Tenant), then in either such case Landlord will waive the Continuing Obligations. The Continuing Obligations shall be limited to the restoration and repair items set forth in Exhibit F, attached hereto.
Existing Sublease. As a condition precedent to the effectiveness of this Lease, Lessee shall have caused the termination of all existing subleases in the Premises, without any cost, expense or liability to Lessor and provided Lessor with reasonable evidence of that termination.
Existing Sublease. Landlord agrees that if the Master Lease (as defined in the Sublease) is terminated prior to its expiration for any reason other than a casualty or condemnation or a default by Tenant under the Sublease, then the Phase 2 Commencement Date shall occur concurrently with the occurrence of such termination. If the Master Lease (as defined in the Sublease) is terminated due to a casualty or condemnation, then the provisions of this Lease shall be deemed to apply as between Landlord and Tenant with respect to such casualty or condemnation as if both the Phase 1 Commencement Date and the Phase 2 Commencement Date had occurred as of the date of such casualty or condemnation (e.g., Landlord and Tenant will have the same restoration obligations and termination rights as to the entire Premises upon the occurrence of such casualty or condemnation affecting Phase 2).
Existing Sublease. This Sublease Agreement shall amend and restate that certain Commercial Lease Agreement (Sublease) entered into by and between Sublandlord and Subtenant dated June 1, 2010 (the “Existing Sublease”), related to Subtenant’s sublease of the Building, in its entirety. Sublandord and Subtenant agree that, effective as of the Effective Date, the Existing Sublease shall be of no further force or effect.
Existing Sublease. Tenant is currently occupying the Premises pursuant to that certain Sublease, dated December xx, 2002 (the "Existing Sublease"), between Lucent Technologies, Inc., a Delaware corporation ("Lucent"), as "Sublandlord" and Tenant, as "Subtenant," as amended by that certain Acknowledgement of Exercise of Early Termination Option and Consent to Sublease, by and among Landlord, Lucent and Tenant, executed by Landlord on December 23, 2002 (the "Consent"). Pursuant to the terms of the Consent, the Existing Sublease constitutes a direct lease between Landlord and Tenant for the "Extended Sublease Term" (as defined in the Consent). The Extended Sublease Term expires on March 31, 2004. Immediately upon the expiration of the Extended Sublease Term, the Commencement Date shall occur and Tenant shall remain in the Premises under the terms of this Lease. As of the Commencement Date, Tenant shall accept the Premises for the Term in its then current "as-is" condition. Tenant further acknowledges that no representations as to the repair of the Premises, nor promises to alter, remodel or improve the Premises have been made by Landlord, except as expressly set forth in this Lease.
Existing Sublease. As of the date hereof Tenant is occupying the Premises pursuant to that certain Sublease dated November 13, 2020, between Tenant, as subtenant, and ▇▇▇▇ Therapeutics, Inc., a Delaware corporation ("▇▇▇▇"), as Sublandlord (the "Sublease"). The Sublease has been made subject to that certain Lease dated April 10, 2018 between Landlord, as landlord, and ▇▇▇▇, as tenant (the “▇▇▇▇ Lease”). The Sublease and ▇▇▇▇ Lease are each scheduled to expire on September 30, 2025, and the Lease Commencement Date under this Lease shall occur immediately upon such termination and following such Lease Commencement Date Tenant’s occupancy of the Premises shall be governed by the terms of this Lease only (and not the Sublease). As Tenant is currently occupying the Premises, Landlord shall have no obligation to deliver the Premises to Tenant.
Existing Sublease. It is acknowledged that Lessee currently occupies the westerly 2,106 square feet of the premises under a Sublease dated June 16, 1993, which expires on April 30, 1995. Until Lessor's work under Section 29 is completed, lessee shall be allowed to continue to occupy this area of the premises at the rental set forth in said Sublease of $2,016,000 per month. The rent due hereunder will not commence until all of Lessor's work is completed and the entire premises are available for Lessee's occupancy.
Existing Sublease. Tenant is currently an occupant of the Premises pursuant to that certain sub-sublease dated June 1, 1998 (the “Sub-sublease”), by and between Tenant and Emerald Ventures, Inc. The Sub-sublease is scheduled to expire on July 31, 2004. Tenant acknowledges and agrees that if the Sub-sublease or the existing lease or sublease of the Premises is terminated by Landlord as a result of a default by Tenant under the Sub-sublease, Landlord may elect to terminate this Lease. In the event of such termination, Tenant shall not be liable for damages under Section 15.B above, but Tenant shall reimburse Landlord for all costs and expenses incurred in connection with this Lease, including brokerage commissions.