Common use of Demising Clause in Contracts

Demising. (a) Sublessee shall construct a demising wall between the Subleased Premises and the portion of the Premises covered by the Master Lease that Sublessor shall continue to occupy during the term of the Sublease. The plan for such work and the contractor's bid is attached hereto as Exhibit A, and, by its execution hereof, Landlord approves such plan and such bid. Upon completion of construction of the demising wall in accordance with such plan, Sublessee shall deliver to Landlord invoices evidencing the costs incurred for the construction of the demising wall ("Demising Costs") and evidence of Sublessee's payment of such amounts and, within thirty (30) days thereafter, provided that no default exists under the Quantenna Direct Lease, Landlord shall reimburse Sublessee for a portion of the Demising Costs, but in no event shall Landlord's reimbursement obligation hereunder exceed Seven Thousand Seven Hundred Twenty Three Dollars ($7,723.00). (b) At the end of the term of the Sublease, Sublessor shall have the right to require that the demising wall be removed and the Subleased Premises be restored to its condition as of the date of this Consent (collectively, such work being referred to herein as the "Restoration"). The parties agree that Sublessee shall deposit Three Thousand Dollars ($3,000.00) with Landlord concurrently with Sublessee's execution of this Consent. If Sublessor requires Restoration at the end of the term of the Sublease, Sublessor shall notify Landlord and Sublessee of such election within thirty (30) days after the end of the term of the Sublease and Landlord shall contribute such funds to the cost of the Restoration. If Sublessor does not notify Landlord and Sublessee within thirty (30) days after the end of the term of the Sublease that it requires Restoration, then Landlord shall return such funds to Sublessee. The execution of a copy of this Consent by Sublessor and by Sublessee shall indicate your joint and several confirmation of the foregoing conditions and of your agreement to be bound thereby and shall constitute Sublessee's acknowledgment that it has received a copy of the Lease.