Common use of Default by Subtenant Clause in Contracts

Default by Subtenant. Defaults by Subtenant are (a) failing to timely pay rent or additional rent within five (5) business days after written notice from Sublandlord advising of such failure, or (b) failing to comply with any provision of the Master Lease or Sublease (other than the monetary defaults set forth in (a) above) within thirty (30) days after written notice from Sublandlord advising of such failure (or such longer period if the default is of a nature that it cannot be cured within 30 days and Subtenant commences cure within such 30-day period and diligently pursues curing the default) (other than failing to vacate the Subleased Premises at the end of the Term, which requires no notice or opportunity to cure).

Appears in 2 contracts

Sources: Sublease Agreement (FibroBiologics Inc.), Sublease Agreement (FibroBiologics Inc.)