Sublease of Space Clause Samples

A sublease of space clause allows a tenant to rent out all or part of the leased premises to another party, known as the subtenant. This clause typically outlines the conditions under which subleasing is permitted, such as requiring the landlord’s consent, specifying the process for approval, and detailing the responsibilities of both the original tenant and the subtenant. Its core function is to provide flexibility for tenants who may not need the entire space or who need to vacate before the lease ends, while also protecting the landlord’s interests by ensuring control over who occupies the property.
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Sublease of Space. From and after the Closing until January 1, 1996, the Company shall have the right to utilize, without payment of rent or other charge, the Division's existing space located at Three ▇▇▇▇▇▇▇▇▇ Corporate Center, Westchester, IL and the equipment and systems located thereat. The Company will utilize such space, systems and equipment in such a manner so as not to cause undue confusion or burden upon the other activities of Premier presently conducted at this facility. The Company shall utilize the same care in the use of such space, systems and equipment as it utilizes with respect to its own space, systems and equipment. The Company shall be responsible for any harm or damage done during such period solely to the extent that the same is (i) caused as a result of its negligence or willful misconduct and (ii) is not covered by insurance. Included within such sublease, at no cost to the Company, shall be utilities, repair and maintenance, depreciation and insurance. Company will be responsible for direct costs of telephone, postage and office supplies; however, the Company shall not be responsible for any general allocation for such items. If the Company does not utilize or vacates such space, the Company shall have the right to leave at the space any or all of the fixed assets described in Schedule 1.2(b) (ii) at no cost to the Company.
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Sublease of Space. (a) Not later than five (5) Business Days prior to the Second Closing Date, the Sellers and Purchaser shall agree to the form and substance of the Sublease Agreement, pursuant to which, subject to the receipt of all necessary landlord consents, Purchaser will, from and after the Second Closing Date, sublease to the Sellers the second and fifth floors of the Littleton Leased Real Property, including any Personal Property located therein that is acquired hereunder. The Sublease Agreement shall contain terms, provisions and conditions (i) that are usual and customary for subleases of this nature, (ii) that comply with the requirements of the related Real Property Lease, except to the extent otherwise agreed to by the Sellers and Purchaser and consented to by the landlord, (iii) that are no less favorable to the Sellers than the terms, provisions and conditions, when taken in the aggregate, applicable to the Sellers pursuant to the related Real Property Lease and (iv) that provide that the Sellers shall be responsible for their allocable portion of all costs and expenses related to the portion of the Littleton Leased Real Property that is subject to the Sublease Agreement. In addition, the Sublease Agreement shall, subject to the terms and provisions of the related Real Property Lease and except as otherwise agreed to by the Sellers and Purchaser, have a minimum term, with respect to the second floor, of six (6) months with an option by the Sellers to renew for five (5) subsequent six (6) month terms and, with respect to the fifth floor, of sixty (60) days with an option by the Sellers to renew for one (1) subsequent sixty (60) day term. (b) The Sellers shall use commercially reasonable efforts to obtain all necessary landlord consents to the Sublease Agreement, which shall only be submitted to the landlord in a form that has been mutually agreed to in advance by the Sellers and Purchaser.
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Sublease of Space. Tenant shall not, directly or indirectly, without the prior written consent of Landlord (which consent shall not be unreasonably withheld, delayed or conditioned), enter into a Sublease of Space. Without limiting the foregoing, ▇▇▇▇▇▇ agrees that it shall be reasonable for Landlord to withhold its consent to Tenant's request to enter into a Sublease of Space pursuant to this section 12.4 if the proposed subtenant (i) is an Excluded Contractor, (ii) comprises a security risk to the United States, or (iii) is an entity whose use will materially interfere with or be wholly inconsistent with the Government's use of the Airfield (the foregoing conditions listed in subsections (i) - (iii) are herein referred to as the "Minimum Sublease Criteria"). Notwithstanding the foregoing, ▇▇▇▇▇▇▇▇'s consent will not be required, but Tenant shall give Landlord prior written notice in the case of either: (i) a Sublease of Space to an existing programmatic partner of Landlord then leasing space at the Property, or (ii) a Sublease of Space (including all amendments thereto and any series of Subleases of Space with a single subtenant or its affiliates) covering less than seventy- five thousand (75,000) square feet of the Improvements on the Premises so long as the subtenant satisfies the Minimum Sublease Criteria. The Sublease of Space must provide that if the subtenant at any time becomes an Excluded Contractor or is identified as a security risk to the United States by Landlord, then Tenant will have a right to terminate such Sublease of Space. If Landlord notifies Tenant that a subtenant has been identified by Landlord as an Excluded Contractor or a security risk to the United States, then Tenant shall promptly exercise and enforce its right to terminate the Sublease of Space for such subtenant. Tenant shall not be released from any of its obligations under this Lease, nor shall Guarantor be released from any of its obligations under the Guaranty, in connection with or as a result of the consummation of any Sublease of Space (whether or not Landlord's consent is required). Landlord shall, promptly following ▇▇▇▇▇▇'s request, enter into a mutually acceptable nondisturbance and attornment agreement with any subtenant subleasing space in the Improvements, provided that the Sublease of Space in question provides: (i) for regular payments of rent throughout the term of such Sublease of Space, which rent shall be at fair market rates at the time the Sublease of Space was made; (ii...
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Sublease of Space. 1. The west side of the first floor of the Indianapolis Leased Real Property. 2. The second floor of the Littleton Leased Real Property. These Seller Disclosure Schedules have been prepared and delivered by Aurora Bank FSB (the “Bank”) and Aurora Loan Services LLC (“ALS” and together with the Bank, the “Sellers”) in connection with the Residential Servicing Asset Purchase Agreement, dated as of March 6, 2012 (the “Agreement”), by and among the Sellers and Nationstar Mortgage LLC. Capitalized terms used herein but not otherwise defined herein have the respective meanings assigned to them in the Agreement. Section numbers used herein correspond to the Section numbers in the Agreement. The headings contained in these Seller Disclosure Schedules are for convenience of reference only. Disclosure with respect to any specific Section of the Agreement should be read in conjunction with all other disclosures contained in these Seller Disclosure Schedules and should be construed as disclosure for all other relevant Sections of the Agreement and these Seller Disclosure Schedules relating thereto to the extent the Agreement requires such disclosure, so long as such disclosure is made with such specificity that it is readily apparent on its face that the information disclosed relates to the subject matter of such other Sections. Nothing in these Seller Disclosure Schedules is intended to broaden the scope of any representation or warranty contained in the Agreement or to create any covenant on the part of any Seller. Any matter disclosed in these Seller Disclosure Schedules shall not be deemed an admission of any liability or obligation of any Seller to any third party, nor an admission by any Seller with regard to any claim by any third party, whether made prior to, on or after the date hereof.
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Sublease of Space. (a) Subject to all of the provisions herein contained, and in consideration of the Rentals to be paid to Lessor by Tenant, and the other covenants and agreements to be kept and performed by Tenant hereunder, as hereinafter set forth, Lessor hereby leases to Tenant, and Tenant hereby leases from Lessor, approximately 21,275 square feet (the "Leased Space") of the premises situated in Bedford, Middlesex County, Massachusetts, located on the Westerly side of ▇▇▇▇▇▇▇ Avenue, known as Patriots Park, and bounded and described in Exhibit A hereto (the "Premises"). The Leased Space is that portion of the building located on the Premises as indicated on Exhibit B hereto and includes Tenant's allocable portion of the shared common space as described on Exhibit B. (b) Tenant agrees that all of its rights under this Sublease are subject to the terms of the 1985 Sublease, which shall govern in the event of any conflict between the provisions hereof and the provisions of the 1985 Sublease. Tenant hereby assumes all of Lessor's obligations and burdens under the 1985 Sublease with respect to the Leased Space for the duration of the term hereof, as if all of such rights and obligations were set forth herein in their entirety. In the event of a default by the Lessor of its obligations under the 1985 Sublease, Lessor and Tenant hereby agree, for the benefit of the Lessor's Landlord, and upon written notice from the Lessor's Landlord, to make all payments of Rental hereunder directly to the Lessor's Landlord in accordance with instructions contained in such written notice.
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Sublease of Space. Sublandlord hereby subleases the Premises to Subtenant, and Subtenant hereby subleases the Premises from Sublandlord and assumes all of the obligations with respect to the tenant under the Lease.
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Sublease of Space 
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Related to Sublease of Space

  • Sublease Sublandlord hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental, and upon all of the conditions set forth herein, the Subleased Premises.

  • Use of Space The COUNTY will provide the space located at: [insert Orange County Government Location] (the “Designated Space”) which shall be utilized by the AGENCY solely for the lawful purpose of providing the services. If no space is designated, this Article V does not apply.

  • Lease of Premises Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term and upon the terms and conditions hereinafter set forth.

  • Subleased Premises Sublandlord does hereby sublease to Subtenant, and Subtenant does hereby sublease and rent from Sublandlord, (i) the Space and (ii) all permanent improvements within the Space constructed by Landlord or by or on behalf of Sublandlord (collectively, the “Subleased Premises”). Subtenant shall have the right to use in common with Sublandlord and others entitled thereto the common areas of the Project pursuant to the Lease. In addition, subject to the terms, covenants and conditions of this Sublease, Subtenant shall have the exclusive right to use during the Sublease Term (defined below), free of charge, the furniture, fixtures and equipment more particularly described on Schedule A annexed hereto and made a part hereof (the “Personal Property”) located in the Space. Subtenant shall have no obligation whatsoever to repair, replace or maintain the Personal Property, unless any damage thereto is caused by the negligence or willful misconduct of Subtenant. Provided that there is no change in the size of the Subleased Premises between the date of this Sublease and the Commencement Date (defined below) (e.g., there has been no change in the size of the Subleased Premises by reason of any damage or destruction to or condemnation of the Subleased Premises), the parties hereby (i) stipulate that the Space shall be deemed to contain approximately 19,997 rentable square feet upon delivery of the Space by Sublandlord to Subtenant (the “Space Measurement”), (ii) agree that neither party shall have any right to dispute the Space Measurement and (iii) waive any claim in connection with the Space Measurement, regardless of whether the Space is found to have contained more or less than 19,997 rentable square feet upon delivery of the Space to Subtenant. Sublandlord represents and warrants for the benefit of Subtenant that the rentable square footage of the Space was not remeasured pursuant to Section 4 of the Second Amendment and that Sublandlord pays Base Rental for the Space under the Lease and Tenant’s Forecast Additional Rental and Tenant’s Additional Rental for the Space under the Lease on the basis of the Space consisting of 19,997 rentable square feet.

  • Sublease Term The term of the Sublease (“Sublease Term”) commences on the later to occur of (1) Sublandlord’s receipt of Prime Landlord’s written consent to this Sublease, and (2) October 1, 2009 (“Sublease Commencement Date”); and expires on January 28, 2018 (“Sublease Expiration Date”; i.e., the day prior to the Termination Date pursuant to the Prime Lease). Sublandlord shall deliver the Subleased Premises “broom clean” and free of all of Sublandlord’s personal property (other than the F&F (defined in Section 2(f))) and debris, but otherwise in “AS IS, WHERE IS” condition on the Sublease Commencement Date; provided that Subtenant shall not be responsible for, or required to remedy, any violation of any applicable law, or any condition or state of facts, with respect to the Subleased Premises, the Building or the Land existing on or prior to the Sublease Commencement Date. Sublandlord is not required to perform any work to prepare the Subleased Premises for Subtenant’s intended use. If (i) for any reason Sublandlord has not received Prime Landlord’s written consent to this Sublease in form required by Section 15(i) below by the date which is sixty (60) days from the date hereof, or (ii) Prime Landlord elects to terminate the Prime Lease in respect of the Subleased Premises pursuant to Prime Landlord’s recapture right set forth in Section 16.5 of the Prime Lease, then in the case of (i), then Sublandlord and Subtenant each may elect at any time thereafter to terminate this Sublease by written notice to the other, whereupon the parties shall deem this Sublease to be null and void and of no effect (except for those provisions expressly stated herein to survive a termination), and in the case of (ii) the Sublease will be deemed terminated in accordance with Section 16.5 of the Prime Lease.