Sublet Space definition

Sublet Space shall have the meaning assigned to such term is Section 8.1(b).
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Sublet Space means that portion of the Premises located on the twelfth (12th) floor of the Building and shown cross-hatched on Exibit "A" annexed hereto;
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Sublet Space shall include the Sublet Space and the Improvements.
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Examples of Sublet Space in a sentence

  • If Tenant shall fail to consummate the sublease that was the subject of the Transfer Notice on the same terms as those set forth in the Transfer Notice within ninety (90) days following the date of the Transfer Notice, then Tenant shall be obligated to deliver to Landlord a further Transfer Notice in regard to the proposed sublease, and the process shall be repeated until the sublease shall be signed within the time and on the terms required, or Landlord shall elect to recapture the Sublet Space.

  • During the occurrence of an Event of Default by Tenant hereunder, Landlord may collect subrentals directly from a sublessee of the Sublet Space.

  • The Transfer Notice shall also state in all capital letters (or other prominent display), that Landlord shall be deemed to have declined to recapture the Sublet Space and to have approved the sublease if Landlord fails to respond within twenty (20) days after receipt thereof.

  • If so requested by Landlord, Tenant shall deliver to Landlord, a statement in reasonable detail itemizing Tenant’s sublease improvement expenditures to the Sublet Space and such other and further information and documentation regarding the Cost Approved Sublease as Landlord shall reasonably request.

  • If Tenant shall have subleased the Sublet Space at a profit (after deduction of Tenant’s reasonable, documented costs of subleasing) and Landlord thereafter elects to recapture, then Tenant shall be obliged to compensate Landlord, upon Landlord’s demand, in the full amount of such profit from the inception of such sublease to the date of recapture.

  • No release of Tenant from its obligations under this Lease as they relate to Sublet Space recaptured by Landlord as aforesaid shall be deemed an exercise by Tenant of any Contraction Rights granted to Tenant pursuant to Article XI.

  • In no event shall the Sublet Space be used for a purpose or use prohibited by the Master Lease.

  • Proposed Sublet Space: the area proposed to be assigned, sublet or otherwise encumbered.

  • Tenant shall pay all expenses of construction required to permit the operation of the Proposed Sublet Space separate from the balance of the Premises.

  • If the Proposed Sublet Space constitutes the entire Premises and Landlord elects to terminate this Lease, then Tenant shall tender the Proposed Sublet Space to Landlord, and this Lease shall terminate, on the Proposed Sublease Commencement Date.


More Definitions of Sublet Space

Sublet Space. Portion of the fourth (4th) floor
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Sublet Space. The entire Premises.
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Sublet Space consists of the “Strategic Space” and the “First Floor Space.” · The Strategic Space is the portion of the Premises located on the second floor of the Building. As depicted on Exhibit A (the “Floor Plan”), approximately 2,001 RSF of the Strategic Space will be exclusively sublet to Asterias (identified on the Floor Plan as the Dedicated Space/Functionally Asterias, referred to herein as the “Exclusive Strategic Space”), while approximately 6,264 RSF of the Strategic Space will be used in common with the NNRCSI Users (identified on the Floor Plan as Shared Space/Functionality, referred to herein as the “Shared Strategic Space”). · The First Floor Space is approximately the portion of the Premises located on the first floor of the Building as depicted on the Floor Plan, approximately 14,451 RSF of the First Floor Space will be exclusively sublet to Asterias (identified on the Floor Plan as the Dedicated Space/Functionally Asterias, referred to as the “Exclusive First Floor Space”), while approximately 8,657 RSF of the First Floor Space used in common with the NNRCSI Users (identified on the Floor Plan as Shared Space/Functionality, referred to as the “Shared First Floor Space”). · Collectively the Exclusive Strategic Space and Exclusive First Floor Space is referred to as the “Exclusive Sublet Space” and the Shared Strategic Space and Shared First Floor Space is referred to as the “Shared Sublet Space” · For purposes of reimbursing NNRCSI for expenses NNRCSI pays directly relating to the Sublet Space, for the entire Sublet Space, the parties will use 54.46% as the “Asterias OpEx Share”, and for that portion of time when Asterias is only subletting the First Floor Space the “Asterias OpEx Share” will be reduced to 42.68%. The parties agree to these percentages, regardless of the actual size of the Sublet Space and agree it roughly translates to 100% of the Sublet Space exclusively sublet to Asterias, and 50% of the Sublet Space shared with others. Term: · As to the Strategic Space: Commencing on the Commencement Date and expiring on the Strategic Space Expiration Date. · As to the First Floor Space: Commencing on the Commencement Date and expiring on the First Floor Space Expiration Date. Other Defined Terms · “Indemnity” (and variations thereof) means to “indemnify, defend (with counsel reasonably acceptable to indemnitee), save and hold harmless the indemnitee.
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Sublet Space shall include the Sublet Space and the Improvements. If Sublessor, for any reason whatsoever, cannot deliver possession of the Phase I portion of the Sublet Space to Sublessee on or before January 1, 1998, this Sublease shall not be void or voidable nor shall Sublessor be liable to Sublessee for any resulting loss or damages of any kind, consequential or otherwise. Notwithstanding any provision in this Sublease to the contrary, if the Phase II Improvements for the Sublet Space are being constructed by Sublessor, and if the Commencement Date for Phase II of the Sublet Space has not occurred by March 31, 1999 (which date shall be extended one day for each event of Sublessee Delay), then Sublessee, by written notice to Sublessor given within ten (10) business days after March 31, 1999, may terminate this Sublease without any liability to Sublessor. In any event, if the Phase I Commencement Date is other than January 1, 1998, or the Phase II Commencement Date is other than January 1, 1999, then Sublessor and Sublessee shall execute a Commencement Date Memorandum in the form attached hereto as EXHIBIT D evidencing the relevant actual commencement date.
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Related to Sublet Space

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

  • Leased Premises means the premises which are material to the Company or any Subsidiary and which the Company or any Subsidiary occupies or proposes to occupy as a tenant, sub-tenant or occupant;

  • the Premises means the building or part of the building booked and referred to in the contract

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • Leased space means the individual storage space at the self-service facility which is rented to an occupant pursuant to a rental agreement.