Common use of Sublessor’s Remedies Clause in Contracts

Sublessor’s Remedies. With respect to any Event of Default, (notwithstanding any waiver, license or indulgence granted by Sublessor with respect to the same or any other default in any former instance), Sublessor shall have the right, then or at any time thereafter that said default remains uncured, at its sole election: (a) to terminate this Lease by written notice to Sublessee, which termination shall take effect on the date of delivery of said notice or on any later date (on or prior to the expiration of the then-current portion of the Term) specified in Sublessor’s termination notice; or (b) to enter upon and take possession of the Premises pursuant to judicial process. Sublessor’s repossession of the Premises under this Article shall not be construed to effect a termination of this Lease, unless Sublessor sends Sublessee a written notice of termination as required hereunder.

Appears in 3 contracts

Sources: Lease (Salient Surgical Technologies, Inc.), Lease (Salient Surgical Technologies, Inc.), Lease (Salient Surgical Technologies, Inc.)