Common use of Occupancy by Others Clause in Contracts

Occupancy by Others. Notwithstanding anything to the contrary set forth in this Article 16, (i) up to 25% of the Premises may be occupied and used by a subsidiary of Tenant with Tenant nonetheless responsible for the performance of all of the terms and conditions of the Lease; and (ii) from time to time, Tenant shall have the right to allow up to 10% co-occupancy by customers and/or subcontractors, which shall not be considered a sublease or assignment and shall not require consent by Landlord, but any such occupancy shall be subject to all of the terms and conditions of this Lease and Tenant shall remain primarily liable for all purposes under this Lease, with such co-occupants being treated as a Tenant party for purposes of determining liability for such co-occupants’ actions, negligence, or misconduct under this Lease.

Appears in 2 contracts

Sources: Lease Agreement (SomaLogic, Inc.), Lease Agreement (SomaLogic, Inc.)