Right to underlet Sample Clauses
Right to underlet. [Subject to paragraph 2.2, the][The] Tenant may, with the Landlord’s consent, underlet the whole of the Premises [or the whole of a Permitted Part] by an Approved Underlease to an Approved Undertenant. [The grant of an Underlease [or a Sub-Underlease] must not result in the Premises being divided into more than [NUMBER] self-contained units of occupation, taking into account any existing Underleases [or Sub-Underleases].] The Tenant must not waive any material breach by an Undertenant of any terms of its Underlease [or by a Sub-Undertenant of any terms of its Sub-Underlease]. The Tenant must not reduce, defer, accelerate or commute any rent payable under any Underlease. On any review of the rent payable under any Underlease, the Tenant must: review the rent payable under the Underlease in compliance with its terms; not agree the reviewed rent (or the appointment of any third party to decide it) without the Landlord’s approval; include in the Tenant’s representations to any third party any representations that the Landlord may require; and notify the Landlord what the reviewed rent is within two weeks of its agreement or resolution by a third party. The Tenant must not vary the terms or accept any surrender of any Underlease without the Landlord’s approval. Executed as a deed by the Landlord acting by ) [a director and its secretary] or by [two directors]: ) Executed as a deed by the Tenant acting by ) [a director and its secretary] or by [two directors]: ) [Executed as a deed by the Guarantor acting by ) [a director and its secretary] or by [two directors]: ) 1 Note that a letting to a charity will require a prescribed statement under section 122 Charities Act 2011 (formerly section 37 Charities Act 1993). 2 If the Tenant will have an option to renew this Lease, refer to the Model Commercial Lease: Option to Renew clause (MCL-LEASECLAUSE-06) and include a cross-reference to the new clause here.
Right to underlet. The Tenant may, with the Landlord’s consent, underlet the whole of the Premises by an Approved Underlease to an Approved Undertenant.
Right to underlet. [Subject to paragraph 2.23, the][The] Tenant may, with the Landlord’s consent, underlet the whole of the Premises [or the whole of a Permitted Part] by an Approved Underlease to an Approved Undertenant.
Right to underlet. The Tenant may, with the Landlord’s consent, underlet the whole of the Premises [or the whole of a Permitted Part] by an Approved Underlease to an Approved Underlessee. The Tenant must not waive any material breach by any underlessee of the Approved Underlease. The Tenant must not reduce, defer, accelerate or commute any rent payable under the Approved Underlease. On any review of the rent payable under the Approved Underlease, the Tenant must: review the rent of the Approved Underlease in compliance with its terms; not agree the reviewed rent (or the appointment of any third party to decide it) without the Landlord’s approval; include in the Tenant’s representations to any third party any representations that the Landlord may require; and notify the Landlord what the reviewed rent is within two weeks of its agreement or resolution by a third party. The Tenant must not vary the terms or accept any surrender of any Approved Underlease without the Landlord’s approval. Base Rent and Turnover Rent9 This Schedule 9 uses the following definitions: “Annual Turnover Certificate” the certificate to be provided by the Tenant in accordance with paragraph 4.1;
Right to underlet. 2.1 [Subject to paragraph 2.2, the][The] Tenant may, with the Landlord’s consent, underlet the whole of the Premises [or the whole of a Permitted Part] by an Approved Underlease to an Approved Undertenant.
2.2 [The Tenant must not allow more than [NUMBER] people (including the Tenant) to have a legal right to occupy the Premises. Any Group Company of the Tenant[ and any Service Provider providing services to the Tenant at the Premises] 123 will count as the Tenant for the purposes of this paragraph.] 123 Delete the words in square brackets if the “Service Provider” provisions have been deleted from clause 4.17.8.
Right to underlet. The Tenant may, with Consent, underlet the whole of the Property, or a Permitted Part, in accordance with the conditions specified in clause 12.2 (the Underletting Conditions).