Subrents Sample Clauses
Subrents. In the event Tenant is in material default under any of the terms and provisions of the Master Lease, Landlord may elect to receive directly from Subtenant all sums due or payable to Landlord under the Master Lease, including without limitation, any Additional Rent (including Landlord's Share of the Profit (as defined in the Master Lease) in the amount specified by Landlord to Subtenant in writing), and upon receipt of Landlord's notice Subtenant shall thereafter pay to Landlord any and all such sums. Neither the service of-such written notice nor the receipt of such direct payments shall cause Landlord to assume any of Tenant's duties, obligations and/or liabilities under the Sublease. Tenant hereby authorizes Subtenant to pay those sums due to Landlord as set forth in the Master Lease, including without limitation, any Additional Rent (including Landlord's Share of the Profit), in accordance with the terms of the Sublease. Tenant shall credit all such sums paid against sums due under the Sublease. Subtenant shall have no liability or obligation in connection with the calculation of the sums payable to Landlord pursuant to this paragraph and shall be entitled to rely on Landlord's written statement of such sums. Under no circumstances shall Subtenant have any liability to pay to Landlord any sums in excess of sums which Subtenant would otherwise be obligated to pay to Tenant under the Sublease.
Subrents. The following terms and conditions shall apply to any subletting by Tenant of all or any part of the Premises and shall be deemed included in all subleases under this Lease whether or not expressly incorporated therein: A. Tenant hereby assigns and transfers to Landlord all of Tenant's interest in all rentals and income arising from any sublease of all or a portion of the Premises heretofore or hereafter made by Tenant, and Landlord may collect such rent and income and apply same toward Tenant's obligations under this Lease; provided, however, that until a default shall occur in the performance of Tenant's obligations under this Lease beyond all notice and cure periods, Tenant may, except as otherwise provided in this Lease, receive, collect and enjoy the rents accruing under such sublease. Landlord shall not, by reason of this or any other assignment of such sublease to Landlord, nor by reason of the collection of the rents from a sublessee, be deemed liable to the sublessee for any failure of the Tenant to perform and comply with any of Tenant's obligations to the sublessee under such sublease. Lessee hereby irrevocably authorizes and directs any such sublessee, upon receipt of a written notice from Landlord stating that a default exists in the performance of Tenant's obligations under this Lease, to pay to Landlord the rents and other charges due and to become due under the sublease. Sublessee shall rely upon any such statement and request from Landlord and shall pay such rents and other charges to Landlord without any obligation or right to inquire as to whether such default exists and notwithstanding any notice from or claim from Tenant to the contrary, Tenant shall have no right or claim against said sublessee, or, until the default has been cured, against Landlord, for any such rents and other charges so paid by said sublessee to Landlord.
Subrents. Except as hereinafter provided, Subtenant shall pay to Sublandlord commencing April 1, 1998, without notice or demand and without abatement, deduction or setoff, in lawful money of the United States of America, at the office of Sublandlord or at such other place as Sublandlord may designate, base rent in an amount equal to twenty-four thousand eight dollars In case Sublandlord fails to make any rent payments to Overlandlord on any date upon which the same becomes due pursuant to the Lease, and such failure continues for three (3) days after Overlandlord shall have give notice of nonpayment to Sublandlord, Subtenant may make rent payments directly to Overlandlord on the fourth (4th) or fifth (5th) day following Overlandlord's provision of the above-referenced notice to Sublandlord. In the event that Subtenant exercises its right pursuant to this paragraph, Subtenant shall be entitled to a credit from Sublandlord in the amount of any payments made directly to Overlandlord, such credit to be applied to the succeeding month's Base Subrent payment due from Subtenant. No breach or default hereunder shall be attributed to Sublandlord as a result of Subtenant exercising its right pursuant to this paragraph.