Termination of the Prime Lease. If the term of the Prime Lease is terminated prior to the Expiration Date, then, subject to Section 7(b) hereof, this Sublease shall immediately terminate with respect to the entire Subleased Premises, and Sublessor shall not be liable to Sublessee by reason thereof unless such termination is a result of a default by Sublessor under the Prime Lease beyond all applicable notice and grace periods.
Appears in 2 contracts
Sources: Sublease Agreement, Sublease Agreement (Newtek Business Services Inc)
Termination of the Prime Lease. If for any reason the term of the Prime Lease is terminated prior to the Expiration Date, then, subject to Section 7(b) hereofDate of this Sublease, this Sublease shall immediately terminate with respect to the entire Subleased Premisesthereupon terminate, and Sublessor Sublandlord shall not be liable to Sublessee Subtenant by reason thereof unless such said termination is a result shall have been effected because of a the default of or voluntary surrender by Sublessor Sublandlord under the Prime Lease beyond all applicable notice and grace periodsLease, or unless Sublandlord has failed to abide by Sublandlord’s obligations pursuant to Section 10(c) above.
Appears in 2 contracts
Sources: Sublease Agreement (Advancis Pharmaceutical Corp), Sublease Agreement (Large Scale Biology Corp)