Common use of Sublease Premises Clause in Contracts

Sublease Premises. Sublandlord hereby subleases to Subtenant the Sublease Premises, and Subtenant hereby subleases the Sublease Premises from Sublandlord, pursuant to the terms and conditions of this Sublease. Subtenant shall accept the Sublease Premises in the condition and state of repair on the Commencement Date (as defined in Section 3 below) in its “AS IS” and “WHERE IS” condition, and Sublandlord makes no representation or warranty regarding the Sublease Premises. Subtenant expressly acknowledges and agrees Sublandlord shall not have any obligation to perform any work to prepare the Sublease Premises for Subtenant’s use and occupancy. By taking possession of the Sublease Premises, Subtenant is deemed to have accepted the Sublease Premises and agreed that the Sublease Premises are in good order and satisfactory condition, with no representation or warranty by Sublandlord as to the condition of the Sublease Premises or the suitability thereof for Subtenant’s use. Pursuant to California Civil Code Section 1938, Sublandlord is required to state as follows regarding the Sublease Premises: A Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the premises.

Appears in 3 contracts

Samples: Sublease Agreement (Akero Therapeutics, Inc.), Sublease Agreement (Akero Therapeutics, Inc.), Sublease Agreement (Akero Therapeutics, Inc.)

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Sublease Premises. Sublandlord hereby subleases to Subtenant the Sublease Premises, and Subtenant hereby subleases the Sublease Premises from Sublandlord, pursuant to the terms and conditions of this Sublease, together with the right, appurtenant thereto, to use, in common with others, the lobbies, entrances, stairways, public elevators and loading areas, and other public portions of the Building on the terms and conditions set forth in this Sublease as well as the central vacuum, compressed air, RODI water and acid neutralization systems serving the Premises. Subtenant shall accept the Sublease Premises in the condition and state of repair on the Commencement Date commencement of Subtenant’s Early Access (as defined in Section 3 4 below) broom clean in its “AS IS” and “WHERE IS” condition, and Sublandlord makes no representation or warranty regarding the Sublease PremisesPremises except as otherwise expressly set forth herein. Sublandlord shall deliver the Premises on the commencement of Subtenant’s Early Access with all items for which Sublandlord has maintenance or repair obligations pursuant to the Master Lease in good working condition. Except as otherwise provided in this Sublease, Subtenant expressly acknowledges and agrees Sublandlord shall not have any obligation to perform any work to prepare the Sublease Premises for Subtenant’s use and occupancy. By taking possession of the Sublease Premises, Subtenant is deemed to have accepted the Sublease Premises and agreed that the Sublease Premises are in good order and satisfactory condition, with no representation or warranty by Sublandlord as to the condition of the Sublease Premises or the suitability thereof for Subtenant’s useuse except as otherwise expressly provided in this Sublease. Pursuant Subtenant shall be solely responsible, subject to California Civil Code Section 1938Master Landlord’s prior written consent, Sublandlord is required to state as follows regarding the Sublease Premises: A Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant. The parties shall mutually agree on the arrangements for the time installation and manner of the CASp inspection, the payment of the fee for the CASp inspectionmaintenance of, and all payments for, any phone, security, alarm, and IT systems in the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the premisesPremises.

Appears in 1 contract

Samples: Sublease Agreement (Revolution Medicines, Inc.)

Sublease Premises. Sublandlord hereby subleases to Subtenant the Sublease Premises, and Subtenant hereby subleases the Sublease Premises from Sublandlord, pursuant Subject to the terms and conditions of this Sublease, Sublandlord hereby subleases to Subtenant, and Subtenant hereby subleases from Sublandlord, that portion of the Premises being the entire second floor of the Building, containing approximately 17,000 rentable square feet and being more particularly depicted on Exhibit B attached hereto (the “Sublease Premises”). Subtenant acknowledges and agrees that the common areas of the Building including, without limiting the generality of the foregoing, the reception area, kitchen and training room on the first floor of the Building shall at all times be subject to the exclusive control and management of Sublandlord; provided, however, Sublandlord shall make available to Subtenant the exclusive use of the existing desk in the reception lobby of the Building. Subtenant’s right to access the common areas of the Building shall be in common with other occupants of the Building. If the Building entrance and/or the primary entrance to the Sublease Premises is accessed with either a pass key or key card, Sublandlord agrees to furnish Subtenant with reasonably sufficient key cards for access; provided, Subtenant must provide Sublandlord with a list of all employees for which access is required. Alternatively, Subtenant may furnish their own key cards for access, provided they work with the system already installed in the Building. In either event, Sublandlord will limit access to the Sublease Premises to only the key cards requested by Subtenant and those Sublandlord employees or contractors working on behalf of Sublandlord who require access in order for Sublandlord to operate their business. Sublandlord will ensure that all key cards are assigned to named individuals, will provide Subtenant with reasonable advance notice when an employee or contractor needs to enter the Subleased Premises, and also furnish the key card activity logs to Subtenant upon request. Subtenant shall accept the Sublease Premises in the condition and state of repair not alter any lock or install any new or additional locks or bolts on the Commencement Date (as defined in Section 3 below) in its “AS IS” and “WHERE IS” condition, and Sublandlord makes no representation any doors or warranty regarding the Sublease Premises. Subtenant expressly acknowledges and agrees Sublandlord shall not have any obligation to perform any work to prepare the Sublease Premises for Subtenant’s use and occupancy. By taking possession of the Sublease Premises, Subtenant is deemed to have accepted the Sublease Premises and agreed that the Sublease Premises are in good order and satisfactory condition, with no representation or warranty by Sublandlord as to the condition windows of the Sublease Premises or without obtaining Sublandlord’s prior written consent. All keys and key cards that are issued by Sublandlord to Subtenant to the suitability thereof for Subtenant’s use. Pursuant Premises and/or Sublease Premises shall be surrendered to California Civil Code Section 1938, Sublandlord is required to state as follows regarding the Sublease Premises: A Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject premises comply with all upon termination of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the premisesthis Sublease.

Appears in 1 contract

Samples: Office Sublease (Project Angel Parent, LLC)

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Sublease Premises. Sublandlord hereby subleases to Subtenant the Sublease Premises, and Subtenant hereby subleases the Sublease Premises from Sublandlord, pursuant to the terms and conditions of this Sublease. Subtenant shall accept exclusive possession of the Sublease Premises “broom clean” and in the condition and state of repair obtaining on the date of this Sublease, subject to reasonable wear and tear between the date of this Sublease and the Commencement Date (as defined in Section 3 below) in its “AS IS” and “WHERE IS” condition, and Sublandlord makes no representation or warranty regarding the Sublease Premises, except as provided to the contrary herein. Notwithstanding the foregoing sentence, Sublandlord will deliver the Sublease Premises to Subtenant with the portions of the Building structure, roof, interior improvements, HVAC, plumbing and all other Building components and systems comprising or serving the Sublease Premises (collectively, the “Sublease Premises Systems”) in good working order and operating condition, provided that if any of the Sublease Premises Systems are not in operating condition as of the Commencement Date, Sublandlord will request that Master Landlord repair the same. Subtenant expressly acknowledges and agrees Sublandlord shall not have any obligation to (a) perform any work to prepare the Sublease Premises for Subtenant’s use and occupancyoccupancy or (b) make any repairs to the Sublease Premises or Sublease Premises Systems. By taking possession of the Sublease Premises, Subtenant is deemed to have accepted the Sublease Premises and agreed that that, to Subtenant’s knowledge, the Sublease Premises and the Sublease Premises Systems are in good working order and satisfactory condition, with no representation or warranty by Sublandlord as to the condition of the Sublease Premises foregoing, except as provided in the third (3rd) grammatical sentence of this Section 1, or the suitability thereof for Subtenant’s use. Subject to Master Landlord’s consent, Subtenant shall have the right to inspect the Sublease Premises from time to time prior to the Commencement Date upon reasonable advance prior notice to Sublandlord. Pursuant to California Civil Code Section 1938, Sublandlord is required to state as follows regarding the Sublease Premises: A Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the premises.

Appears in 1 contract

Samples: Sublease Agreement (Vaxart, Inc.)

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