Common use of Relationship With Landlord Clause in Contracts

Relationship With Landlord. Tenant hereby assigns and transfers to Landlord Tenant’s interest in the Sublease and all rentals and income arising therefrom, subject to the terms of this Section 3. Landlord, by consenting to the Sublease agrees that until a default shall occur in the performance of Tenant’s obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default in the performance of its obligations to Landlord under the Lease, then whether or not Landlord terminates the Lease, Landlord may, at its option by notice to Tenant, either (i) terminate the Sublease, (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 3.l below, or (iii) elect to succeed to Tenant’s interest in the Sublease and cause Subtenant to attorn to Landlord, as further set forth in Section 3.2 below.

Appears in 2 contracts

Samples: Consent to Sublease Agreement (Ziprecruiter, Inc.), Consent to Sublease Agreement (Ziprecruiter, Inc.)

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Relationship With Landlord. Tenant hereby assigns and transfers to Landlord the Tenant’s 's interest in the Sublease and all rentals and income arising therefrom, subject to the terms of this Section 3. Landlord, by consenting to the Sublease agrees that until a default shall occur in the performance of Tenant’s 's obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default in the performance of its obligations to Landlord under Paragraph 15 of the Lease, then Lease (whether or not Landlord terminates the Lease), however, Landlord may, at its option by notice to Tenant, either (i) terminate the Sublease, (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 3.l 3.1 below, or (iii) elect to succeed to Tenant’s 's interest in the Sublease and cause Subtenant to attorn to Landlord, as further set forth in Section 3.2 below.

Appears in 1 contract

Samples: Sublease Agreement (Oplink Communications Inc)

Relationship With Landlord. Tenant hereby assigns and transfers to Landlord the Tenant’s interest in the Sublease and all rentals and income arising therefrom, subject to the terms of this Section 34. Landlord, by consenting to the Sublease agrees that until a default shall occur in the performance of Tenant’s obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default in the performance of its obligations to Landlord under the Lease, then Lease (whether or not Landlord terminates the Lease), Landlord may, may at its option by notice to Tenant, either (i) terminate the Sublease, (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 3.l 4.1, below, or (iii) elect to succeed to Tenant’s interest in the Sublease and cause Subtenant to attorn to Landlord, as further set forth in Section 3.2 4.2, below; provided, however, Landlord may only exercise its rights under subparts (i) and (iii) if the Lease is terminated.

Appears in 1 contract

Samples: Lease (Audentes Therapeutics, Inc.)

Relationship With Landlord. Tenant hereby assigns and transfers to Landlord the Tenant’s interest in the Sublease and all rentals and income arising therefrom, subject to the terms of this Section 3. Landlord, by consenting to the Sublease agrees that until a default shall occur in the performance of Tenant’s obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default in the performance of its obligations to Landlord under the Lease, then Lease (whether or not Landlord terminates the Lease), Landlord may, at its option option, by giving notice to Tenant, either (i) terminate the Sublease, (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 3.l 3.1, below, or and/or (iii) elect to succeed to Tenant’s interest in the Sublease Sublease, and cause Subtenant to attorn to Landlord, as further set forth in Section 3.2 3.2, below.

Appears in 1 contract

Samples: Office Lease (Castlight Health, Inc.)

Relationship With Landlord. Tenant hereby assigns and transfers to Landlord the Tenant’s 's interest in the Sublease and all rentals and income arising therefrom, subject to the terms of this Section 34. Landlord, by consenting to the Sublease agrees that until a default shall occur in the performance of Tenant’s 's obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default in the performance of its obligations to Landlord under the Lease, then Lease (whether or not Landlord terminates the Lease), Landlord may, may at its option by notice to Tenant, either (i) terminate the Sublease, (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 3.l 4.1, below, or (iii) elect to succeed to Tenant’s 's interest in the Sublease and cause Subtenant to attorn to Landlord, as further set forth in Section 3.2 4.2, below.

Appears in 1 contract

Samples: Consent to Sublease Agreement (Exelixis, Inc.)

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Relationship With Landlord. Tenant hereby assigns and transfers to Landlord the Tenant’s interest in the Sublease and all rentals and income arising therefrom, subject to the terms of this Section 3. Landlord, by consenting to the Sublease agrees that until a default shall occur in the performance of Tenant’s obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default in the performance of its obligations to Landlord under the Lease, then Lease (whether or not Landlord terminates the Lease), however, Landlord may, at its option option, by giving notice to Tenant, either (i) terminate the Sublease, (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 3.l 3.1, below, or and/or (iii) elect to succeed to Tenant’s interest in the Sublease Sublease, and cause Subtenant to attorn to Landlord, as further set forth in Section 3.2 3.2, below. If Landlord elects to terminate the Sublease pursuant to section 3(i) above, Subtenant acknowledges and agrees that Landlord shall have no liability to Subtenant as a result thereof.

Appears in 1 contract

Samples: Sublease Agreement (Anadys Pharmaceuticals Inc)

Relationship With Landlord. Tenant hereby assigns and transfers to Landlord the Tenant’s 's interest in the Sublease and all rentals and income arising existing therefrom, subject to the terms of this Section 3. Landlord, by consenting to the Sublease agrees that until a default shall occur in the performance of Tenant’s 's obligations under the Lease, Tenant may receive, collect and enjoy the rents accruing under the Sublease. In the event Tenant shall default in the performance of its obligations to Landlord under Paragraph 18 of the Lease, then Lease (whether or not Landlord terminates the Lease), Landlord may, at its option by notice to Tenant, either (i) terminate the Sublease, (ii) elect to receive and collect, directly from Subtenant, all rent and any other sums owing and to be owed under the Sublease, as further set forth in Section 3.l 3.1, below, or (iii) elect to succeed to Tenant’s 's interest in the Sublease and cause Subtenant to attorn to Landlord, as further set forth in Section 3.2 3.2, below.

Appears in 1 contract

Samples: Sublease Agreement (Seebeyond Technology Corp)

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