Common use of Net Sublease Clause in Contracts

Net Sublease. The Subtenant hereby acknowledges, confirms and agrees that it is the intention of the Sublandlord and the Subtenant that, except as expressly set out herein, this Sublease Agreement shall be a completely net Sublease for the Sublandlord and that, subject to the provisions contained in the Sublease Agreement, the Sublandlord shall not be responsible during the Term for any obligations, losses, charges, expenses, or outlays of any nature and kind whatsoever arising from or relating to the Subtenant's use and occupation of the Premises or the contents thereof and that the Subtenant shall pay all charges, impositions and expenses of every kind and nature relating to its use and occupation of the Premises and covenants with the Sublandlord accordingly, except in the case of gross negligence on behalf of the Sublandlord. The Subtenant further acknowledges and agrees that the Sublandlord shall have all rights and remedies against the Subtenant in respect of this Sublease as though the Sublandlord was the Landlord named in the Offer to Lease Agreement and the Subtenant was the Tenant named in the Offer to Lease Agreement, mutatis mutandis, subject to the matters which are expressly dealt with in this Sublease Agreement.

Appears in 1 contract

Sources: Sublease Agreement (Abattis Bioceuticals Corp)

Net Sublease. The Subtenant hereby acknowledges, confirms and agrees that it is the intention of the Sublandlord and the Subtenant that, except as expressly set out herein, this Sublease Agreement shall be a completely net Sublease for the Sublandlord and that, subject to the provisions contained in the Sublease AgreementSublease, the Sublandlord shall not be responsible during the Term for any obligations, losses, charges, expenses, or outlays of any nature and kind whatsoever arising from or relating to the Subtenant's use and occupation of the Subleased Premises or the contents thereof and that the Subtenant shall pay all charges, impositions and expenses of every kind and nature relating to its use and occupation of the Subleased Premises . The Subtenant acknowledges that it has reviewed the Lease attached hereto as Schedule "B" and covenants is familiar with the Sublandlord accordingly, except in the case of gross negligence on behalf of the Sublandlordit. The Subtenant further acknowledges and agrees that the Sublandlord shall have all the rights and remedies against the Subtenant in respect of this Sublease as though the Sublandlord was the Landlord landlord named in the Offer to Lease Agreement and the Subtenant was the Tenant tenant named in the Offer to Lease AgreementLease, mutatis mutandis, subject in relation to the matters which are expressly dealt with in this Sublease AgreementSublease.

Appears in 1 contract

Sources: Sublease (Securac Corp)

Net Sublease. The Subtenant hereby acknowledges, confirms and agrees that it is the intention of the Sublandlord and the Subtenant that, except as expressly set out herein, this Sublease Agreement shall be a completely net Sublease for the Sublandlord and that, subject to the provisions contained in the Sublease AgreementSublease, the Sublandlord shall not be responsible during the Term for any obligations, losses, charges, expenses, or outlays of any nature and kind whatsoever arising from or relating to the Subtenant's ’s use and occupation of the Subleased Premises or the contents thereof and that the Subtenant shall pay all charges, impositions and expenses of every kind and nature relating to its use and occupation of the Premises Subleased Premises. The Subtenant acknowledges that it has reviewed the Lease attached hereto as Schedule “B” and covenants is familiar with the Sublandlord accordingly, except in the case of gross negligence on behalf of the Sublandlordit. The Subtenant further acknowledges and agrees that the Sublandlord shall have all the rights and remedies against the Subtenant in respect of this Sublease as though the Sublandlord was the Landlord landlord named in the Offer to Lease Agreement and the Subtenant was the Tenant tenant named in the Offer to Lease AgreementLease, mutatis mutandis, subject in relation to the matters which are expressly dealt with in this Sublease AgreementSublease.

Appears in 1 contract

Sources: Sublease (Telvent Git S A)