Common use of Master Landlord Consent Clause in Contracts

Master Landlord Consent. This Sublease shall not become effective and shall not be deemed to be an offer to sublease or create any rights or obligations between Subtenant or Sublandlord unless and until Sublandlord and Subtenant have executed and delivered the same, and Master Landlord has executed and delivered a consent to this Sublease in the form attached hereto as Exhibit C, with such changes as may reasonably be accepted by Subtenant and Sublandlord. Sublandlord shall use commercially reasonable efforts to obtain the consent of Master Landlord promptly following mutual execution hereon. If no such consent to this Sublease is given by Master Landlord within thirty (30) days after the delivery of a copy of the fully executed Sublease to Master Landlord, then either Sublandlord or Subtenant shall have the right, by written notice to the other, to terminate this Sublease at any time prior to such consent from Master Landlord being given. By delivering this Sublease, each Party hereby represents and warrants to the other that such execution and delivery has been duly authorized by all necessary corporate or partnership action and that the person(s) executing same have been duly authorized to do so. In the event the Master Lease is terminated prior to the expiration of the Sublease Term, whether as a result of a voluntary termination by Sublandlord or a default on the part of Sublandlord, this Sublease shall, upon notice from Master Landlord to Subtenant, remain in full force and effect as a direct lease between Subtenant and Master Landlord (in which event Subtenant shall attorn to Master Landlord).

Appears in 2 contracts

Samples: Sublease Agreement (Ligand Pharmaceuticals Inc), Sublease Agreement (Affymetrix Inc)

AutoNDA by SimpleDocs

Master Landlord Consent. 23.01 This Sublease shall not become effective and shall not be deemed to be an offer to sublease or create any rights or obligations between Subtenant or Sublandlord unless and until Sublandlord and Subtenant have executed and delivered the same, and written consent of the Master Landlord has executed and delivered a to this Sublease, which consent shall include, in substance, an agreement by Master Landlord to recognize Subtenant under the terms of this Sublease in the form attached hereto as Exhibit Cevent of a termination of the Master Lease by reason of a default thereunder by Sublandlord or voluntary termination of the Master Lease except in certain circumstances, with subject to the terms of such changes as may reasonably be accepted by Subtenant and Sublandlord. Sublandlord shall use commercially reasonable efforts to obtain consent (the consent of Master Landlord promptly following mutual execution hereon. If no such consent Consent”) has been obtained in form and substance reasonably acceptable to this Sublease is given by Master Landlord within thirty (30) days after the delivery of Sublandlord and Subtenant, and a copy of the fully executed Master Landlord Consent has been delivered to Sublandlord and Subtenant. Promptly following execution and delivery of this Sublease by Sublandlord and Subtenant, Sublandlord shall request the Master Landlord Consent. If the written Master Landlord Consent to Master Landlordthis Sublease shall not be obtained on or before forty-five (45) days following execution of this Sublease by Sublandlord and Subtenant, then either Sublandlord or and Subtenant shall each have the right, by right to terminate this Sublease upon ten (10) days’ prior written notice to the other, to terminate this Sublease at any time prior to such consent from other party and unless the Master Landlord being given. By delivering this Sublease, each Party hereby represents and warrants to the other that such execution and delivery has been duly authorized by all necessary corporate or partnership action and that the person(sConsent is obtained within said ten (10) executing same have been duly authorized to do so. In the event the Master Lease is terminated prior to the expiration of the Sublease Term, whether as a result of a voluntary termination by Sublandlord or a default on the part of Sublandlordday period, this Sublease shallshall be of no further force or effect and shall be deemed null and void ab initio, upon notice from Master Landlord to Subtenant, remain in full force and effect as a direct lease between Subtenant and Master Landlord (in which event neither Sublandlord nor Subtenant shall attorn have any liability hereunder, except that Sublandlord shall promptly return any Fixed Rent and security deposit delivered by Subtenant to Master Landlord)Sublandlord pursuant to this Sublease.

Appears in 1 contract

Samples: Office Furniture and Equipment (BKF Capital Group Inc)

Master Landlord Consent. This Sublease is executed and delivered by the parties hereto subject to obtaining the written consent of Master Landlord as required under the Master Lease. This Sublease shall not become effective be of no force and shall not be deemed to be an offer to sublease or create any rights or obligations between Subtenant or Sublandlord unless and until Sublandlord and Subtenant have executed and delivered effect if the same, and consent (the “Consent”) of Master Landlord has executed and delivered a consent to this Sublease non-disturbance agreement, substantially in the form attached hereto as Exhibit CG or otherwise in a form reasonably acceptable to Subtenant, with such changes as may reasonably be accepted is not received by Subtenant and Sublandlord. Sublandlord shall use commercially reasonable efforts to obtain within 30 days following the consent date of Master Landlord promptly following mutual execution hereon. If no such consent to this Sublease is given by Master Landlord within thirty (30) days after the delivery of a copy of the fully executed Sublease to Master Landlord, then either Sublandlord or Subtenant shall have the right, by written notice to the other, to terminate this Sublease at any time prior to such consent from Master Landlord being given. By delivering this Sublease, each Party hereby represents and warrants to the other that such execution and delivery has been duly authorized of this Sublease by Sublandlord, as such date may be extended from time to time by written agreement between Sublandlord and Subtenant (the “Consent Period”). Subtenant agrees to supply such information as Master Landlord may reasonably require in connection with the Consent and in order to induce Master Landlord to execute the Consent If the Consent shall not be obtained through no fault of Subtenant, all necessary corporate sums paid by Subtenant to Sublandlord hereunder shall be returned. Nothing herein contained or partnership action and that the person(s) executing same have been duly authorized otherwise shall be deemed to do so. In be a waiver of any of Sublandlord’s rights under Article 21 hereof in the event the Master Lease is terminated prior to that there occurs a hold-over in possession by Subtenant beyond the expiration of the Sublease Term, whether as a result of a voluntary termination by Sublandlord or a default on the part of Sublandlord, this Sublease shall, upon notice from Master Landlord to Subtenant, remain in full force and effect as a direct lease between Subtenant and Master Landlord (in which event Subtenant shall attorn to Master Landlord)Consent Period.

Appears in 1 contract

Samples: Agreement of Sublease (PRN Corp)

Master Landlord Consent. This Sublease shall not become effective and shall not be deemed to be an offer to sublease or create any rights or obligations between Subtenant or Sublandlord unless and until Sublandlord and Subtenant have executed and delivered is conditioned upon the same, and written consent by the Master Landlord has executed and delivered a consent to this Sublease Sublease, which consent shall be substantially in the form attached annexed hereto as Exhibit "C" (the "Consent to Sublease"). Promptly after the execution of this Sublease, with such changes as may reasonably be accepted by Subtenant and SublandlordSublandlord shall present the Consent to Sublease to Master Landlord for execution. Sublandlord shall use commercially reasonable its best efforts to obtain Master Landlord's execution of the consent of Master Landlord promptly following mutual execution hereonConsent to Sublease on or before that date which is 45 days from the date first set forth above (the "Final Consent Delivery Date"), but shall not be required to take any legal action for such purpose. If no such consent Subtenant agrees to this Sublease is given cooperate with Sublandlord in responding to any request by Master Landlord within thirty for information (30financial or otherwise) days after or documents relating to Subtenant or its business. Should Sublandlord fail for any reason to deliver possession of the delivery Sublease Premises along with the executed Consent to Sublease by the Final Consent Delivery Date, Subtenant may terminate this Sublease or elect to cause the Term to commence on (and the Commencement Date shall be) the date on which Sublandlord actually delivers to Subtenant both possession of a copy of the Premises and the fully executed Sublease Consent to Master Landlord, then either Sublandlord or Subtenant shall have the right, by written notice to the other, to terminate this Sublease at any time prior to such consent from Master Landlord being given. By delivering this Sublease, each Party hereby represents and warrants to the other that such execution and delivery has been duly authorized by all necessary corporate or partnership action and that the person(s) executing same have been duly authorized to do so. In the event the Master Lease is terminated prior to the expiration of the Sublease Term, whether as a result of a voluntary termination by Sublandlord or a default on the part of Sublandlord, this Sublease shall, upon notice from Master Landlord to Subtenant, remain in full force and effect as a direct lease between Subtenant and Master Landlord (in which event Subtenant shall attorn to Master Landlord).

Appears in 1 contract

Samples: Lease Agreement (Harris Interactive Inc)

Master Landlord Consent. This Sub-Sublease shall not become be effective and shall not be deemed to be an offer to sublease or create any rights or obligations between Subtenant or Sublandlord unless and until Sublandlord and Subtenant have executed and delivered consented to by the same, and Master Landlord has executed in accordance with the Master Lease and delivered this Section 8(h). Sub-Subtenant agrees to promptly provide to Sub-Sublandlord any and all information regarding Sub-Subtenant, including without limitation financial statements, that Master Landlord may reasonably request and Sub-Subtenant and Sub-Sublandlord shall otherwise cooperate to satisfy any reasonable non-monetary requirement Master Landlord may impose as a condition to its consent to this Sub-Sublease. This Sub-Sublease in and the form attached hereto as Exhibit C, with such changes as may reasonably be accepted by Subtenant and Sublandlord. obligations of the parties hereunder are expressly conditioned upon Sub-Sublandlord shall use commercially reasonable efforts to obtain obtaining the prior written consent of the Master Landlord promptly following mutual execution hereonto this fully executed Sub-Sublease (to the extent required by the Master Lease) (the “Master Landlord Consent”). If no such consent to this Sublease is given by the Master Landlord Consent has not been received within thirty (30) days after the execution and delivery of a copy of the fully executed Sublease to Master Landlordthis Sub-Sublease, then either Sublandlord or Sub-Subtenant shall have the right, by written notice to the other, right to terminate this Sub-Sublease by delivering written notice thereof to Sub-Sublandlord at any time thereafter but prior to such consent from receipt of the Master Landlord being givenConsent. By delivering this Sublease, each Party hereby represents and warrants to If the other that such Master Landlord Consent has not been received within sixty (60) days after the execution and delivery of this Sub-Sublease, and if Sub-Subtenant has been duly authorized not terminated this Sub-Sublease pursuant to the immediately preceding sentence, Sub-Sublandlord shall have the right to terminate this Sub-Sublease by all necessary corporate or partnership action and that the person(s) executing same have been duly authorized delivering written notice thereof to do so. In the event Sub-Subtenant at any time thereafter but prior to receipt of the Master Lease is terminated prior to the expiration of the Sublease Term, whether as a result of a voluntary termination by Sublandlord or a default on the part of Sublandlord, this Sublease shall, upon notice from Master Landlord to Subtenant, remain in full force and effect as a direct lease between Subtenant and Master Landlord (in which event Subtenant shall attorn to Master Landlord)Consent.

Appears in 1 contract

Samples: Sub Sublease Agreement (Bonds.com Group, Inc.)

AutoNDA by SimpleDocs

Master Landlord Consent. This Sublease shall not become effective and shall not be deemed to be an offer to sublease of no force or create any rights or obligations between Subtenant or Sublandlord effect unless and until Sublandlord and Subtenant shall have executed and delivered the same, and obtained Master Landlord has executed and delivered a Landlord’s written consent to this Sublease Sublease. Sublandlord shall not be obligated to take any action to obtain such consent other than to request such consent from Master Landlord in writing in the form attached hereto as Exhibit CD (it being acknowledged that in no event shall Sublandlord be obligated to commence an action or proceeding to secure such consent). Sublandlord and Subtenant agree to (a) reasonably cooperate with the other party and Master Landlord in connection with the obtaining of such consent (including, with such changes without limitation, the furnishing of any information reasonably requested by Sublandlord or Master Landlord), and (b) execute any additional documents as may reasonably be accepted requested by Subtenant and SublandlordMaster Landlord. Sublandlord shall use commercially reasonable efforts to obtain pay any charges imposed by Master Landlord in connection with the furnishing of its consent hereto. If the Sublandlord has not obtained the written consent of Master Landlord promptly following mutual execution hereon. If no such consent in the form of Exhibit D, or some other mutually acceptable form, on or before the date of the Early Occupancy, then in addition to Subtenant’s other rights or remedies, Subtenant may terminate this Sublease is given by Master Landlord within thirty (30) days after the delivery of a copy of the fully executed Sublease to Master Landlord, then either Sublandlord or Subtenant shall have the right, by written notice to the other, to terminate this Sublease at any time prior to such consent from Master Landlord being given. By delivering this Sublease, each Party hereby represents and warrants to the other that such execution and delivery has been duly authorized by all necessary corporate or partnership action and that the person(s) executing same have been duly authorized to do so. In the event the Master Lease is terminated prior to the expiration of the Sublease Term, whether as a result of a voluntary termination by Sublandlord or a default on the part of Sublandlord, this Sublease shall, upon notice from Master Landlord whereupon any monies previously paid by Subtenant to Sublandlord shall be reimbursed to Subtenant, remain in full force and effect as a direct lease between or, at Subtenant’s election, the date Subtenant and Master Landlord is otherwise obliged to commence payment of rent shall be delayed by one (in which event Subtenant shall attorn to 1) day after the Commencement Date for each day that the Master Landlord)’s consent is not obtained past the date of the Early Occupancy.

Appears in 1 contract

Samples: Office Lease (Sunesis Pharmaceuticals Inc)

Master Landlord Consent. This Sublease shall not become effective and shall not be deemed to be an offer to sublease or create any rights or obligations between Subtenant or Sublandlord unless and until Sublandlord and Subtenant have executed and delivered the same, and Master Landlord has executed and delivered a consent to this Sublease in substantially the form attached hereto as Exhibit C, with such changes as may reasonably be accepted by Subtenant and Sublandlord. Sublandlord as long as Master Landlord does not change the new lease provisions in paragraph 5 of the consent set forth in Exhibit C. Subtenant shall use commercially reasonable efforts to obtain the consent of Master Landlord promptly following mutual execution hereonhereof. If no such consent to this Sublease is given by Master Landlord within thirty (30) days after the delivery of a copy of the fully executed Sublease to Master Landlord, then either Sublandlord or Subtenant shall have the right, by written notice to the other, to terminate this Sublease at any time prior to such consent from Master Landlord being given. By delivering this Sublease, each Party hereby represents and warrants to the other that such execution and delivery has been duly authorized by all necessary corporate or partnership action and that the person(s) executing same have been duly authorized to do so. In the event the Master Lease is terminated prior to the expiration of the Sublease Term, whether as a result of a voluntary termination by Sublandlord or a default on the part of Sublandlord, this Sublease shall, upon notice from Master Landlord to Subtenant, remain in full force and effect as a direct lease between Subtenant and Master Landlord (in which event Subtenant shall attorn to Master Landlord).

Appears in 1 contract

Samples: Sublease Agreement (Avanir Pharmaceuticals, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.