Common use of Sublease Consent Clause in Contracts

Sublease Consent. This Sublease shall become effective only if the written consent hereto of Underlying Landlord is obtained. If such written consent is not obtained, then this Sublease shall be null and void and of no force or effect and Sublessor shall return to Sublessee the first (1st) month's rent and the security deposit and thereupon neither party shall have any further obligation to the other. Sublessor shall promptly request the consent of Underlying Landlord to this Sublease. Sublessee agrees to provide such information in connection with such request as Underlying Landlord shall reasonably request. If the foregoing consent is not obtained within sixty (60) days following the execution and delivery of this Sublease by both parties, then either Sublessor or Sublessee may, within ten (10) days following the expiration of said sixty (60) day period, cancel this Sublease by giving written notice to the other party of its election to cancel. If either Sublessor or Sublessee do not give notice to cancel within said ten (10) day period, Sublessor or Sublessee shall only have the right to cancel this Sublease pursuant to this Article 22, thereafter only up until the time Underlying Landlord's consent may ultimately be given. Upon Sublessor's receipt of a valid notice of cancellation, this Sublease shall be null and void and Sublessor shall return to Sublessee the first (1st) month's rent and thereupon neither party shall have any further obligation to the other. In the event that Underlying Landlord shall notify Sublessor that it will not consent to this Sublease, then Sublessor will promptly notify Sublessee of such fact, return to Sublessee the first (1st) month's rent and security deposit, and thereupon this Sublease shall be null and void.

Appears in 1 contract

Samples: Agreement of Sublease (Individual Investor Group Inc)

AutoNDA by SimpleDocs

Sublease Consent. This Sublease shall become effective only if the written consent hereto of Underlying Landlord is obtained. If such written consent is not obtained, then this Sublease shall be null and void and of no force or effect and Sublessor shall return to Sublessee the first (1st) month's rent and the security deposit and thereupon neither party shall have any further obligation to the other. Sublessor shall promptly request the consent of Underlying Landlord to this Sublease. Sublessee agrees to provide such information in connection with such request as Underlying Landlord shall reasonably request. If the foregoing consent is not obtained within sixty thirty (6030) days following of the execution and delivery of this Sublease by both partiesdate hereof (the "Outside Date"), then either Sublessor or Sublessee may, within on or before the date that is ten (10) days following after the expiration of said sixty (60) day periodOutside Date, cancel this Sublease by giving written notice to the other party of its election to cancel. If either Sublessor or Sublessee do not give neither party gives notice to cancel within said on or before the date that is ten (10) day perioddays after the Outside Date, Sublessor or Sublessee time being of the essence, then neither party shall only have the any further right to cancel this Sublease pursuant to this Article 22, thereafter only up until the time Underlying Landlord's consent may ultimately be givenparagraph. Upon Sublessoreither party's receipt of a valid notice of cancellation, this Sublease shall be null and void and Sublessor shall return to Sublessee the first (1st) month's rent Security Deposit paid by Sublessee to Sublessor, and thereupon this Sublease shall be null and void and neither party shall have any further obligation to the otherother except as expressly set forth herein. In the event that Underlying Landlord shall notify Sublessor that it will not consent to this Sublease, then Sublessor will promptly notify Sublessee of such fact, return to Sublessee the first (1st) month's rent and security depositSecurity Deposit paid by Sublessee to Sublessor, and thereupon this Sublease shall be null and voidvoid and neither party shall have any further obligation to the other except as expressly set forth herein.

Appears in 1 contract

Samples: Agreement of Sublease (Greenhill & Co Inc)

Sublease Consent. This Sublease shall become effective only if the written consent hereto of Underlying Landlord is obtained. If such written consent is not obtained, then this Sublease shall be null and void and of no force or effect and Sublessor shall return to Sublessee the first (1st), third (3rd), fourth (4th) and sixth (6th) month's rent and the security deposit and thereupon neither party shall have any further obligation to the other. Sublessor shall promptly request the consent of Underlying Landlord to this Sublease. Sublessee agrees to provide such information in connection with such request as Underlying Landlord shall reasonably request. If the foregoing consent is not obtained within sixty (60) days following the execution and delivery of this Sublease by both parties, then either Sublessor or Sublessee may, within ten (10) days following the expiration of said sixty (60) day period, cancel this Sublease by giving written notice to the other party of its election to cancel. If either Sublessor or Sublessee do not give notice to cancel within said ten (10) day period, Sublessor or Sublessee shall only have the right to cancel this Sublease pursuant to this Article 2218, thereafter only up until the time Underlying Landlord's consent may ultimately be given. Upon Sublessor's receipt of a valid notice of cancellation, this Sublease shall be null and void and Sublessor shall return to Sublessee the first (1st), third (3rd), fourth (4th) and sixth (6th) month's rent and thereupon neither party shall have any further obligation to the other. In the event that Underlying Landlord shall notify Sublessor that it will not consent to this Sublease, then Sublessor will promptly notify Sublessee of such fact, return to Sublessee the first (1st), third (3rd), fourth (4th) and sixth (6th) month's rent and security deposit, and thereupon this Sublease shall be null and void.

Appears in 1 contract

Samples: Agreement of Sublease (Individual Investor Group Inc)

Sublease Consent. This Sublease shall become effective only if the written consent hereto of Underlying Landlord is obtainedobtained (the “Sublease Consent”). If such written consent the Sublease Consent is not obtained, then this Sublease shall be null and void and of no force or effect and Sublessor Escrow Agent shall return to Sublessee the first (1st) month's ’s rent and the security deposit being held by Escrow Agent and thereupon neither party shall have any further obligation to the other. Upon execution and delivery of this Sublease by Sublessor and Sublessee and confirmation of Escrow Agent’s receipt of the first month’s rent and security, Sublessor shall promptly request the consent of Underlying Landlord to this Sublease. Sublessee agrees to provide such information in connection with such request as Underlying Landlord shall reasonably request. If the foregoing consent is not obtained within sixty (60) days following the execution and delivery of this Sublease by both parties, then either Sublessor or Sublessee may, within ten (10) days following the expiration of said sixty (60) day period, cancel this Sublease by giving written notice to the other party of its election to cancel. If either Sublessor or Sublessee do not give notice to cancel within said ten (10) day period, Sublessor or Sublessee shall only have the right to cancel this Sublease pursuant to this Article 22, thereafter only up until the time Underlying Landlord's consent may ultimately be given. Upon Sublessor's receipt of a valid notice of cancellation, this Sublease shall be null and void and Sublessor shall return to Sublessee the first (1st) month's rent and thereupon neither party shall have any further obligation to the other. In the event that Underlying Landlord shall notify Sublessor that it will not consent to this Sublease, then Sublessor will promptly notify Sublessee and Escrow Agent of such fact, Escrow Agent shall return to Sublessee the first (1st) month's ’s rent and security depositsecurity, and thereupon this Sublease shall be null and void. If the foregoing consent is not obtained by July 1, 2004 (the “Outside Date”), then either party may terminate this Sublease upon written notice to the other given at any time following the Outside Date but prior to receipt of the Sublease Consent and as of the date of such notice this Sublease shall be deemed void and of no force and effect, and neither party shall have any further obligation or liability to the other, except that Escrow Agent shall return the first month’s rent and security to Sublessee.

Appears in 1 contract

Samples: Agreement of Sublease (Ampex Corp /De/)

AutoNDA by SimpleDocs

Sublease Consent. All references herein to the Underlying Lease terms are noted only as a convenience, not representation. This Sublease shall become effective only if the written consent hereto of Underlying Landlord is obtained. If such written consent is not obtained, then Upon execution and delivery of this Sublease shall be null by Sublessor and void and of no force or effect and Sublessor shall return to Sublessee the first (1st) month's rent and the security deposit and thereupon neither party shall have any further obligation to the other. Sublessee, Sublessor shall promptly request the consent of Underlying Landlord to this Sublease. Sublessee agrees to provide such information in connection with such request as Underlying Landlord shall reasonably request. If the foregoing consent is not obtained within sixty (60) days following the execution and delivery of this Sublease by both parties, then either Sublessor or Sublessee may, within ten (10) days at any time following the expiration of said sixty (60) day period, cancel this Sublease by giving written notice to the other party Sublessor of its election to cancel. If either Sublessor or Sublessee do not give notice to cancel within said ten (10) day period, Sublessor or Sublessee shall only have the right to cancel this Sublease pursuant to this Article 22, thereafter only up until the time Underlying Landlord's consent may ultimately be given. Upon Sublessor's ’s receipt of a valid notice of cancellation, this Sublease shall be null and void and Sublessor shall return to Sublessee the first (1st) month's rent and thereupon neither party shall have any further obligation to the other. In the event that Underlying Landlord shall notify Sublessor that it will not consent to this SubleaseSublease (or any similar agreement between the Sublessee and Sublessor), then Sublessor will promptly notify Sublessee of such fact, return to Sublessee the first (1st) month's rent and security deposit, and thereupon this Sublease shall be null and voidvoid and neither party shall have any further obligation to the other. Sublessor shall pay the cost of obtaining the Underlying Landlord’s consent to this Sublease.

Appears in 1 contract

Samples: Sublease Agreement (Zentalis Pharmaceuticals, Inc.)

Sublease Consent. This Sublease shall become effective only if the written consent hereto of Underlying Landlord is obtained. If such written consent is not obtained, then this Sublease shall be null and void and of no force or effect and Sublessor shall return to Sublessee the first (1st) month's rent and the security deposit L/C (hereinafter defined) and thereupon neither party shall have any further obligation to the other. Sublessor shall promptly request the consent of Underlying Landlord to this Sublease. Sublessee agrees to provide such information in connection with such request as Underlying Landlord shall reasonably request. If the foregoing consent is not obtained within sixty thirty (6030) days following the execution and delivery of this Sublease by both parties, and Sublessor’s receipt of the first month’s rent and L/C, then either Sublessor or Sublessee may, within ten (10) days following the expiration of said sixty thirty (6030) day period, cancel this Sublease by giving written notice to the other party Sublessor of its election to cancel. If either Sublessor or Sublessee do does not give notice to cancel within said ten (10) day period, Sublessor or time being of the essence, Sublessee shall only have the no further right to cancel this Sublease pursuant to this Article 22, thereafter only up until the time Underlying Landlord's consent may ultimately be givenParagraph 18. Upon Sublessor's receipt of a valid notice of cancellation, this Sublease shall be null and void and Sublessor shall return to Sublessee the first (1st) month's rent and the L/C and thereupon neither party shall have any further obligation to the other. In the event that Underlying Landlord shall notify Sublessor that it will not consent to this Sublease, then Sublessor will promptly notify Sublessee of such fact, return to Sublessee the first (1st) month's rent and security depositL/C, and thereupon this Sublease shall be null and voidvoid with no further liability, one party to the other.

Appears in 1 contract

Samples: Agreement (Pzena Investment Management, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.