Common use of Sublease Consent Clause in Contracts

Sublease Consent. The parties acknowledge and agree that the Lease provides that Sublandlord’s ability to sublet the Subleased Premises is subject to the consent of the Landlord, and therefore, a condition to the effectiveness of this Sublease is that the Landlord execute and deliver the Sublease Consent in a form reasonably satisfactory to Sublandlord. Sublandlord shall use reasonable efforts to obtain such consent, and Subtenant shall reasonably cooperate with Sublandlord in connection with those efforts, including, without limitation, promptly delivering such financial and other information and documentation that Landlord reasonably requests. If, notwithstanding such reasonable efforts, Landlord does not execute a Sublease Consent in form reasonably satisfactory to Sublandlord by March 18 , 2010 this Sublease shall be null and void and of no further effect, in which case Sublandlord and Subtenant shall promptly return to one another any items or funds delivered to the other pursuant to this Sublease, and neither shall have any further obligations to the other hereunder. Sublandlord will request that Landlord incorporate into the Sublease Consent Landlord’s agreement to recognize this Sublease as a direct lease between Landlord and Subtenant in the event of the termination of the Lease prior to its scheduled expiration date. Subtenant acknowledges and agrees that the effectiveness of this Sublease shall not be contingent on Landlord’s agreement to recognize the Sublease as a direct lease in the event of the termination of the Lease prior to its scheduled expiration date.

Appears in 2 contracts

Samples: Sublease Agreement (Northwest Biotherapeutics Inc), Sublease Agreement (Northwest Biotherapeutics Inc)

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Sublease Consent. The parties acknowledge and agree that This Sublease shall become effective only if the Lease provides that Sublandlord’s ability to sublet the Subleased Premises written consent hereto of Underlying Landlord is subject to the first obtained. If such written consent of the Landlordis not obtained, and therefore, a condition to the effectiveness of this Sublease is that the Landlord execute and deliver the Sublease Consent in a form reasonably satisfactory to Sublandlord. Sublandlord shall use reasonable efforts to obtain such consent, and Subtenant shall reasonably cooperate with Sublandlord in connection with those efforts, including, without limitation, promptly delivering such financial and other information and documentation that Landlord reasonably requests. If, notwithstanding such reasonable efforts, Landlord does not execute a Sublease Consent in form reasonably satisfactory to Sublandlord by March 18 , 2010 then this Sublease shall be null and void and of no further effect, in which case Sublandlord force or effect and Subtenant Sublessor shall promptly return to one another any items or funds delivered to Sublessee the other pursuant to this Subleasefirst month’s rent and the security deposit, and thereupon neither party shall have any further obligations obligation to the other hereunderother. Sublandlord will request that Landlord incorporate into the Sublease Consent Landlord’s agreement to recognize Upon execution and delivery of this Sublease as a direct lease between Landlord by Sublessor and Subtenant in the event Sublessee and receipt of the termination first month’s rent and security deposit, 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 Lease prior foregoing consent is not obtained within the time period provided to its scheduled expiration dateUnderlying Landlord pursuant to the Underlying Lease, then this Sublease shall be deemed cancelled, null and void. Subtenant Sublessee acknowledges and agrees that Underlying Landlord shall retain and be afforded any and all rights granted specifically to Underlying Landlord by the effectiveness of this Sublease shall not be contingent on Landlord’s agreement Underlying Lease with respect to recognize the Sublease as a direct lease in the event requested subletting of the termination Premises, and that any potential interest of Sublessee to occupy the Lease prior Sublet Premises shall remain subject and subordinate to its scheduled expiration datethe rights of Underlying Landlord related thereto.

Appears in 1 contract

Samples: Sublease Agreement (Oncocyte Corp)

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Sublease Consent. The parties acknowledge and agree that the Lease provides that Sublandlord’s ability to sublet the Subleased Premises is subject to the consent of the Landlord, and therefore, a condition to the effectiveness of this Sublease is that the Landlord execute and deliver the Sublease Consent in a form reasonably satisfactory to Sublandlord. Sublandlord shall use reasonable efforts to obtain such consent, and Subtenant shall reasonably cooperate with Sublandlord in connection with those efforts, including, without limitation, promptly delivering such financial and other information and documentation that Landlord reasonably requests. If, notwithstanding such reasonable efforts, Landlord does not execute a Sublease Consent in form reasonably satisfactory to Sublandlord by March 18 18, 2010 this Sublease shall be null and void and of no further effect, in which case Sublandlord and Subtenant shall promptly return to one another any items or funds delivered to the other pursuant to this Sublease, and neither shall have any further obligations to the other hereunder. Sublandlord will request that Landlord incorporate into the Sublease Consent Landlord’s agreement to recognize this Sublease as a direct lease between Landlord and Subtenant in the event of the termination of the Lease prior to its scheduled expiration date. Subtenant acknowledges and agrees that the effectiveness of this Sublease shall not be contingent on Landlord’s agreement to recognize the Sublease as a direct lease in the event of the termination of the Lease prior to its scheduled expiration date.

Appears in 1 contract

Samples: Sublease Agreement (Northwest Biotherapeutics Inc)

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