Common use of Preservation of Master Lease Clause in Contracts

Preservation of Master Lease. So long as Subtenant is performing all of Subtenant’s obligations as provided in this Sublease, Sublandlord shall not enter into any agreement that will cause either the Master Lease to be terminated or the Subleased Premises to be surrendered prior to the expiration of the Sublease Term, or cause any breach or default by Sublandlord under the Master Lease that will result in any such termination or surrender which breach or default remains uncured beyond applicable cure periods, unless Master Landlord shall accept this Sublease as a direct lease between Master Landlord and Subtenant and expressly assume Sublandlord’s obligations hereunder. Sublandlord shall not enter into any amendment or other agreement with respect to the Master Lease that will prevent or adversely affect the use by Subtenant of the Subleased Premises in accordance with the terms of this Sublease, increase the obligations of Subtenant or decrease the rights of Subtenant under this Sublease, shorten the term of this Sublease or increase the rental or any other sums required to be paid by Subtenant under this Sublease, without the prior written consent of Subtenant in each case. In the event Subtenant makes a request that Subtenant is entitled to make under this Sublease, which request requires the approval of Master Landlord, Sublandlord shall use commercially reasonable efforts to obtain such approval (but Sublandlord shall not be required to incur any cost or expense in order to do so).

Appears in 2 contracts

Samples: Work Letter (Natera, Inc.), Work Letter (Natera, Inc.)

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Preservation of Master Lease. So long Sublandlord agrees not to terminate the Master Lease voluntarily, or modify the Master Lease in a manner that increases Subtenant's obligations or adversely affects Subtenant's rights under this Sublease without Subtenant's prior written consent; provided, however, Sublandlord shall give prior written notice to Subtenant of any proposed modifications to the Master Lease, and shall provide Subtenant with copies of any modifications to the Master Lease promptly following execution by Sublandlord and Master Landlord. In the event of any Sublandlord Termination Event (as defined below), Sublandlord shall be liable for, and Subtenant shall be entitled to recover, Subtenant's actual damages incurred due to the termination of this Sublease as a result of such Sublandlord Termination Event, including costs incurred in securing alternative comparable space. "Sublandlord Termination Event" means a termination of the Master Lease where Subtenant is performing all of Subtenant’s obligations not permitted or offered the opportunity to remain in the Subleased Premises on the same terms as provided in this Sublease, and which termination is the result of: (i) a default of Sublandlord shall not enter into any agreement that will cause either under the Master Lease to be terminated Lease, and such Sublandlord default was not as a result of a Subtenant default under this Sublease; (ii) the result of any election or the Subleased Premises to be surrendered prior to the expiration exercise of the Sublease Term, a right or cause any breach or default option held by Sublandlord under the Master Lease that will result in any to effect such termination termination; or surrender which breach or default remains uncured beyond applicable cure periods, unless (iii) Sublandlord's mutual agreement with the Master Landlord shall accept this Sublease as a direct lease between Master Landlord and Subtenant and expressly assume Sublandlord’s obligations hereunder. Sublandlord shall not enter into any amendment or other agreement with respect to terminate the Master Lease outside the parameters of the Master Lease. Subtenant and Sublandlord will each refrain from any act or omission that will prevent would result in the failure or adversely affect breach of any of the use by covenants, provisions, or conditions of the Master Lease on the part of Lessee under the Master Lease, provided that Subtenant's compliance with its obligations under this Sublease shall satisfy the foregoing requirement. Subtenant of shall not have any claim against Master Landlord due to Sublandlord's default under the Master Lease. If Sublandlord is in monetary default under the Master Lease, then Sublandlord hereby grants Subtenant the right to advance funds directly to Master Landlord to cure a monetary default under the Master Lease so that Subtenant can remain in the Subleased Premises in accordance with the terms of this Sublease, increase the obligations of and Subtenant or decrease the rights of Subtenant under this Sublease, shorten the term of this Sublease or increase the rental or any other sums required to shall be paid by Subtenant under this Sublease, without the prior written consent of Subtenant in each case. In the event Subtenant makes a request that Subtenant is entitled to make under this Sublease, which request requires the approval of Master Landlord, Sublandlord shall use commercially reasonable efforts to obtain recover such approval (but Sublandlord shall not be required to incur any cost or expense in order to do so)advanced funds from Sublandlord.

Appears in 1 contract

Samples: Sublease Agreement (Genoptix Inc)

Preservation of Master Lease. So long as Subtenant is performing all of Subtenant’s obligations as provided in this Sublease, Sublandlord shall not enter into any agreement that will cause either the Master Lease to be terminated or the Subleased Premises to be surrendered prior to the expiration of the Sublease Term, or cause any breach or default by Sublandlord under the Master Lease that will result in any such termination or surrender which breach or default remains uncured beyond applicable cure periods, unless Master Landlord shall accept this Sublease as a direct lease between Master Landlord and Subtenant and expressly assume Sublandlord’s 's obligations hereunder. Sublandlord shall not enter into any amendment or other agreement with respect to the Master Lease that will prevent or adversely affect the use by Subtenant of the Subleased Premises in accordance with the terms of this Sublease, increase the obligations of Subtenant or decrease the rights of Subtenant under this Sublease, shorten the term of this Sublease or increase the rental or any other sums required to be paid by Subtenant under this Sublease, without the prior written consent of Subtenant in each case. In the event Subtenant makes a request that Subtenant is entitled to make under this Sublease, which request requires the approval of Master Landlord, Sublandlord shall use commercially reasonable efforts to obtain such approval (but Sublandlord shall not be required to incur any cost or expense in order to do so).

Appears in 1 contract

Samples: Office Lease (Model N, Inc.)

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Preservation of Master Lease. So long as Subtenant is performing all of Sublandlord agrees not to terminate the Master Lease voluntarily, or modify the Master Lease in a manner that increases Subtenant’s obligations or adversely affects Subtenant’s rights under this Sublease without Subtenant’s prior written consent; provided, however, Sublandlord shall give prior written notice to Subtenant of any proposed modifications to the Master Lease, and shall provide Subtenant with copies of any modifications to the Master Lease promptly following execution by Sublandlord and Master Landlord. In the event of any Sublandlord Termination Event (as provided defined below), Sublandlord shall be liable for, and Subtenant shall be entitled to recover, Subtenant’s actual damages incurred due to the termination of this Sublease as a result of such Sublandlord Termination Event, including costs incurred in securing alternative comparable space. “Sublandlord Termination Event” means a termination of the Master Lease where Subtenant is not permitted or offered the opportunity to remain in the Subleased Premises on the same terms as this Sublease, and which termination is the result of: (i) a default of Sublandlord shall not enter into any agreement that will cause either under the Master Lease to be terminated Lease, and such Sublandlord default was not as a result of a Subtenant default under this Sublease; (ii) the result of any election or the Subleased Premises to be surrendered prior to the expiration exercise of the Sublease Term, a right or cause any breach or default option held by Sublandlord under the Master Lease that will result in any to effect such termination termination; or surrender which breach or default remains uncured beyond applicable cure periods, unless (iii) Sublandlord’s mutual agreement with the Master Landlord shall accept this Sublease as a direct lease between Master Landlord and Subtenant and expressly assume Sublandlord’s obligations hereunder. Sublandlord shall not enter into any amendment or other agreement with respect to terminate the Master Lease that will prevent or adversely affect outside the use by Subtenant parameters of the Subleased Premises Master Lease. Subtenant and Sublandlord will each refrain from any act or omission that would result in accordance the failure or breach of any of the covenants, provisions, or conditions of the Master Lease on the part of Lessee under the Master Lease, provided that Subtenant’s compliance with the terms of this Sublease, increase the its obligations of Subtenant or decrease the rights of Subtenant under this Sublease, shorten Sublease shall satisfy the term of this Sublease or increase the rental or any other sums required to be paid by Subtenant under this Sublease, without the prior written consent of Subtenant in each case. In the event Subtenant makes a request that Subtenant is entitled to make under this Sublease, which request requires the approval of Master Landlord, Sublandlord shall use commercially reasonable efforts to obtain such approval (but Sublandlord shall not be required to incur any cost or expense in order to do so)foregoing requirement.

Appears in 1 contract

Samples: Sublease Agreement (Cancervax Corp)

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