Fixturing Period. Provided the Sublandlord has approved the Subtenant’s insurance and subject to any delay caused by the Subtenant, the Subtenant will have the right to occupy the Sublet Premises from the date of Head Landlord’s Consent (the “Possession Date”) until the Commencement Date (the “Fixturing Period”). The Sublandlord and the Subtenant agree that during the Fixturing Period: (a) the Subtenant will be bound by all of the provisions of this Sublease and the Head Lease, save and except that the Subtenant will not be obligated to pay Sublease Rent; (b) the Subtenant will be responsible for maintaining the insurance required by the Head Lease; (c) the Subtenant will be entitled to access and occupy the Sublet Premises; (d) the Subtenant will be entitled to conduct its business, in accordance with the permitted uses set out herein; (e) the Subtenant will at all times have access to the Building and the Sublet Premises as allowed by the Head Lease; (f) the Subtenant will have access to, and will only use, the freight elevators of the Building during the Normal Business Hours for the Building as allowed by the Head Lease; (g) the Subtenant will have access to certain non-freight elevators of the Building, as determined by the Head Landlord, outside of the Normal Business Hours for the Building: and (h) The Fixturing Period shall not be less than seventy (70) days following the Possession Date.
Appears in 2 contracts
Sources: Sublease (ProNAi Therapeutics Inc), Sublease (ProNAi Therapeutics Inc)
Fixturing Period. Provided the Sublandlord has approved the Subtenant’s insurance and subject to any delay caused by the Subtenant, the Subtenant will have the right to occupy the Sublet Premises from the date of Head Landlord’s Consent (the “Possession Date”a) until the Commencement Date (the “Fixturing Period”). The Sublandlord and the Subtenant agree that during During the Fixturing Period:
(a) the Subtenant will be bound by , all of the provisions of this Sublease and Sub-sublease shall apply to the Head LeaseNew Area, save and except that the Sub-Subtenant will shall not be obligated required to pay Sublease Rent;Basic Rent in respect of the New Area during the Fixturing Period, however, Additional Rent (i.e. operating and common area costs) for the following periods will be paid by the Sub-Subtenant for the New Area: - February 15-29, 2016: $2056.61 (including HST) - March 1-31, 2016: $4,170.36 (including HST) For greater certainty, the Sub-subtenant shall be required to obtain and maintain in respect of the New Area, at the Sub-subtenant’s sole cost and expense, the insurance coverage required to be maintained by the Sub-subtenant during the Term pursuant to this Sub-sublease.
(b) During the Subtenant will be responsible for maintaining Fixturing Period, on not less than 24 hours’ written notice from the insurance required Sub-subtenant, the Sub-sublandlord agrees to provide the Sub-subtenant with the right to access and use an elevator designated by the Head Lease;Sub-sublandlord, at the Sub-sublandlord’s sole discretion.
(c) The Sub-subtenant hereby acknowledges and agrees that the Subtenant installation of the Sub-subtenant’s improvements to the New Area described in Section 3.5 below during the Fixturing Period shall be managed by Sub-subtenant and the Sub-sublandlord will be entitled retain, at Sub-sublandlord’s own cost and expense, Inside Edge Properties Ltd. to access and occupy supervise such work on behalf of the Sublet Premises;
(d) the Subtenant will be entitled to conduct its business, in accordance with the permitted uses Sub-sublandlord all as further set out herein;in Exhibit A hereto.
(e) the Subtenant will at all times have access The following shall be added to the Building and the Sublet Premises Sub-sublease as allowed by the Head Lease;
(f) the Subtenant will have access to, and will only use, the freight elevators of the Building during the Normal Business Hours for the Building as allowed by the Head Lease;
(g) the Subtenant will have access to certain non-freight elevators of the Building, as determined by the Head Landlord, outside of the Normal Business Hours for the Building: and
(h) The Fixturing Period shall not be less than seventy (70) days following the Possession Date.Section 3.5 thereof:
Appears in 1 contract
Sources: Sub Sublease (Vbi Vaccines Inc.)