Common use of Master Landlord’s Consent Clause in Contracts

Master Landlord’s Consent. With respect to any approval or consent required to be obtained from the Master Landlord under the Master Lease, such approval or consent must be obtained from both Master Landlord and Sublandlord, and the approval or consent of Sublandlord may be withheld (and such withholding of consent by Sublandlord shall be deemed reasonable) if Master Landlord’s approval or consent is not obtained. In no event shall Sublandlord have any liability to Subtenant by reason of Master Landlord’s failure or refusal to grant consent to any matter requested by Subtenant. However, Sublandlord shall act diligently and use Sublandlord’s commercially reasonable efforts (at no out-of-pocket cost or expense to Sublandlord) to obtain Master Landlord’s approval or consent when the same is requested by Subtenant. Any references in the Master Lease to “Master Landlord” in those provisions of the Master Lease dealing with notice to, or the consent of, the “Master Landlord” shall be deemed to refer to both Master Landlord and Sublandlord. In the event Subtenant requests consent to any matter which requires Master Landlord’s approval or consent, Subtenant shall be responsible for payment of all costs and expenses Sublandlord may be required to pay to Master Landlord in connection therewith.

Appears in 2 contracts

Samples: Lease (Pulmonx Corp), Lease (Pulmonx Corp)

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Master Landlord’s Consent. With respect to any approval or consent required to be obtained from the Master Landlord under the Master Lease, such approval or consent must be obtained from both Master Landlord and Sublandlord, and the approval or consent of Sublandlord may be withheld (and such withholding of consent by Sublandlord shall be deemed reasonable) if Master Landlord’s approval or consent is not obtained. In no event shall Sublandlord have any liability to Subtenant by reason of Master Landlord’s failure or refusal to grant consent to any matter requested by Subtenant. However, Sublandlord shall act diligently and use Sublandlord’s commercially reasonable efforts (at no out-of-pocket cost or expense to Sublandlord) to obtain Master Landlord’s approval or consent when the same is requested by Subtenant. Any references in the Master Lease to “Master Landlord” in those provisions of the Master Lease dealing with notice to, or the consent of, the “Master Landlord” shall be deemed to refer to both Master Landlord and Sublandlord. In the event Subtenant requests consent to any matter which requires Master Landlord’s approval or consent, Subtenant shall be responsible for payment of all costs and expenses Sublandlord may be required to pay to Master Landlord in connection therewith.

Appears in 2 contracts

Samples: Credo Technology Group Holding LTD, Credo Technology Group Holding LTD

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