Common use of Default by Subtenant Clause in Contracts

Default by Subtenant. In the event of a default by Subtenant under this Agreement, or an event occurs which involves Subtenant or the Sublease Premises which would constitute a default under the Lease if it involved Sublandlord or the Premises and Subtenant fails to cure such default or defect within the applicable notice and cure periods, if any, Sublandlord may, but will not be obligated to, make any payment or undertake to perform such covenant or agreement constituting such default. In such event, amounts so paid and amounts expended in undertaking such performance, together with all costs, expenses and reasonable attorneys’ fees incurred by Sublandlord, will be Additional Sublease Rent under this Agreement payable as provided for herein.

Appears in 2 contracts

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