Additional Terms and Conditions Applicable to Subletting. Regardless of Lessor's consent, the following terms and conditions shall apply to any subletting by Lessee of all or any part of the Premises and shall be deemed included in all subleases under this Lease whether or not expressly incorporated therein: (a) Lessee hereby assigns and transfers to Lessor all of Lessee's interest in all rentals and income arising from any sublease heretofore or hereafter made by Lessee, and Lessor may collect such rent and income and apply same toward Lessee's obligations under this Lease; provided, however, that until a default shall occur in the performance of Lessee's obligations under this Lease, Lessee may receive, collect and enjoy the rents accruing under such sublease. Lessor shall not, by reason of this or any other assignment of such sublease to Lessor nor by reason of the collection of the rents from a sublessee, be deemed liable to the sublessee for any failure of Lessee to perform and comply with any of Lessee's obligations to such sublessee under such
Appears in 1 contract
Additional Terms and Conditions Applicable to Subletting. Regardless of Lessor's consent, the The following terms and conditions shall apply to any subletting by Lessee of all or any part of the Premises and shall be deemed included in all subleases under this Lease whether or not expressly incorporated therein:
(a) Lessee hereby assigns and transfers to Lessor all of Lessee's interest in all rentals and income arising from Rent payable on any sublease heretofore or hereafter made by Lesseesublease, and Lessor may collect such rent and income Rent and apply same toward Lessee's obligations under this Lease; provided, however, that until a default Breach shall occur in the performance of Lessee's obligations under this Leaseobligations, Lessee may receive, collect and enjoy the rents accruing under such subleasesaid Rent. Lessor shall not, by reason of this the foregoing or any other assignment of such sublease to Lessor sublease, nor by reason of the collection of the rents from a sublesseeRent, be deemed liable to the sublessee for any failure of Lessee to perform and comply with any of Lessee's obligations to such sublessee. Lessee hereby irrevocably authorizes and directs any such sublessee upon receipt of a written notice from Lessor stating that a Breach exists in the performance of Lessee's obligations under suchthis Lease, to pay to Lessor all Rent due and to become due under the sublease. Sublessee shall rely upon any such notice from Lessor and shall pay all Rents to Lessor without any obligation or right to inquire as to whether such Breach exists, notwithstanding any from Lessee to the contrary.
Appears in 1 contract
Sources: Asset Purchase Agreement (Salem Communications Corp /Ca/)
Additional Terms and Conditions Applicable to Subletting. Regardless of Lessor's consent, the The following terms and conditions shall apply to any subletting by Lessee of all or any part of the Premises and shall be deemed included in all subleases under this Lease whether or not expressly incorporated therein:
(ab) In the event of a Breach by Lessee hereby assigns and transfers to Lessor all of Lessee's interest in all rentals and income arising from any sublease heretofore or hereafter made by Lessee, and Lessor may collect such rent and income and apply same toward Lessee's obligations under this Lease; provided, however, that until a default shall occur in the performance of Lessee's its obligations under this Lease, Lessee Lessor, at its option and without any obligation to do so, may receiverequire any sublessee to attorn to Lessor, collect and enjoy in which event Lessor shall undertake the obligations of the sublessor under such sublease from the time of the exercise of said option to the expiration of such sublease; provided, Lessor shall not be liable for any prepaid rents accruing or security deposit paid by such sublessee to such sublessor or for any other prior Defaults or Breaches of such sublessor under such sublease. .
(d) No sublessee shall further assign or sublet all or any part of the Premises without Lessor's prior written consent.
(e) Lessor shall not, deliver a copy of any notice of Default or Breach by reason of this or any other assignment of such sublease Lessee to Lessor nor by reason of the collection of the rents from a sublessee, be deemed liable who shall have the right to cure the Default of Lessee within the grace period, if any, specified in such notice. The sublessee shall have a right of reimbursement and offset from and against Lessee for any failure of Lessee to perform and comply with any of Lessee's obligations to such sublessee under suchDefaults cured by the sublessee.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease Net (Deltagen Inc)
Additional Terms and Conditions Applicable to Subletting. Regardless of Lessor's consent, the The following terms and conditions shall apply to any subletting by Lessee of all or any part of the Premises and shall be deemed included in all subleases under this Lease whether or not expressly incorporated therein:.
(a) Lessee hereby assigns and transfers to Lessor all of Lessee's interest in all rentals and income arising from Rent payable on any sublease heretofore or hereafter made by Lessee, and Lessor may collect [illegible] such rent and income Rent and apply same toward Lessee's obligations under this Lease; Lease provided, however, however that until a default Breach shall occur in the [illegible] performance of Lessee's obligations under this Leaseobligations, Lessee may receive, collect and enjoy the rents accruing under such subleasesaid Rent. Lessor shall not, by reason of this the foregoing or any other assignment of such sublease to Lessor nor by reason of the collection of the rents from a sublessee, Rent be deemed liable to the sublessee for any failure of Lessee to perform and comply with any of Lessee's obligations to such sublessee. Lessee hereby revocably authorizes and directs any such sublessee under suchupon receipt of a written notice
Appears in 1 contract
Sources: Lease Agreement (Communications & Power Industries Inc)