Subtenant’s Sublease Default Sample Clauses

Subtenant’s Sublease Default. Notwithstanding any provision to the contrary contained in this Sublease, if an event of default as described in the Sublease or a default by Subtenant under this Work Letter has occurred at any time on or before the later of (i) the substantial completion of the Premises and (ii) the Commencement Date, then (a) in addition to all other rights and remedies granted to Sublandlord or Landlord pursuant to this Sublease, Sublandlord or Landlord may cause Contractor to cease the construction of the Premises (in which case, Subtenant shall be responsible for any delay in the substantial completion of the Premises caused by such work stoppage), and (b) all other obligations of Sublandlord or Landlord under the terms of this Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of this Sublease (in which case, Subtenant shall be responsible for any delay in the substantial completion of the Premises caused by such inaction by Sublandlord and/or Landlord). EXHIBIT "C" RECORDING REQUESTED BY: UNION BANK OF CALIFORNIA, N.A. AND L▇▇▇▇▇ L▇▇▇▇▇▇▇▇ CAPITAL PARTNERS II, L.P. AND WHEN RECORDED, MAIL TO: M▇▇▇▇▇ S▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & R▇▇▇▇▇ 2▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ATTENTION: MR. B▇▇▇▇ ▇▇▇▇▇▇ -------------------------------------------------------------------------------- (Space above this line for Recorder's use) WAIVER AND CONSENT (SUBLEASE) This WAIVER AND CONSENT (SUBLEASE) is made and entered into as of January _, 2002, by and among UNION BANK OF CALIFORNIA, N.A. ("Senior Secured Party"), whose address is Union Bank of California, N.A., Commercial Finance Division, 4▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Los Angeles, CA 90071-1602, Attn: Commercial Finance Division Manager, fax no. (▇▇▇) ▇▇▇-▇▇▇▇, with a copy to M▇▇▇▇▇ S▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & R▇▇▇▇▇, 2▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, Attn: G▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Esq., fax no. (▇▇▇) ▇▇▇-▇▇▇▇, L▇▇▇▇▇ L▇▇▇▇▇▇▇▇ CAPITAL PARTNERS II, L.P., a California limited partnership ("Subordinated Secured Party"; Senior Secured Party and Subordinated Secured Party shall be collectively referred to as "Secured Parties"), whose address is 3▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇, Attn.: A▇▇▇▇▇ ▇. ▇▇▇▇▇▇, President, fax no. (▇▇▇) ▇▇▇-▇▇▇▇, with a copy to Irell & M▇▇▇▇▇▇, 1▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇, Attn: M▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, Esq., fax no. (▇▇▇) ▇▇▇-▇▇▇▇, and E▇▇▇▇▇ PAPER PRODUCTS, INC., a California corporation ...

Subtenant’s Sublease Default. Notwithstanding any provision to the contrary contained in the Sublease, if an event of default occurs under the Sublease, or a default by Subtenant under this Work Letter, has occurred at any time on or before the substantial completion of the Sublease Premises, then (i) in addition to all other rights and remedies granted to Sublandlord pursuant to the Sublease, Sublandlord shall have the right to withhold payment of all or any portion of the Improvement Allowance and/or Sublandlord may cause Contractor to cease the construction of the Sublease Premises (in which case, Subtenant shall be responsible for any delay in the substantial completion of the Sublease Premises caused by such work stoppage), and (ii) all other obligations of Sublandlord under the terms of this Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Sublease (in which case, Subtenant shall be responsible for any delay in the substantial completion of the Sublease Premises caused by such inaction by Sublandlord). In accordance with and pursuant to Section 3(a) of that certain Sublease by and between ELECTRONIC ARTS INC., a Delaware corporation (the “Sublandlord”), and PLAYA CAPITAL COMPANY, LLC, a Delaware limited liability company (the “Subtenant”), the parties hereby confirm the following with respect to certain dates described in the Sublease: (a) the Commencement Date occurred on , 2003; (b) the First SLET Date is , 2007; (c) the STET Date and the Second SLET Date shall occur on , 2008; and (d) the Expiration Date shall occur on , 2013. DATE: , 200 SUBLANDLORD: ELECTRONIC ARTS INC., a Delaware corporation By: Name: Its: By: Name: Its: DATE: , 200 SUBTENANT: PLAYA CAPITAL COMPANY, LLC, a Delaware limited liability company By: Name: Its: By: Name: Its: The following rules and regulations shall apply, where applicable, to the Sublease Premises, the Building, the parking garage, the Property and the appurtenances. Capitalized terms have the same meaning as defined in the Sublease. 1. Sidewalks, doorways, vestibules, halls, stairways and other similar areas shall not be obstructed by Subtenant or used by Subtenant for any purpose other than ingress and egress to and from the Sublease Premises. No rubbish, litter, trash, or material shall be placed, emptied, or thrown in those areas. At no time shall Subtenant permit Subtenant’s employees to loiter in Common Areas or elsewhere about the Building or Property. 2. Plumbing fixtures and appliance...

Subtenant’s Sublease Default. Notwithstanding any provision to the ---------------------------- contrary contained in this Sublease, if a Default or Breach as described in the Sublease or a Default by Subtenant under this Work Letter has occurred at any time on or before the Commencement Date, then until such time as such Default or Breach is cured pursuant to the terms of this Sublease (during which time Subtenant shall be responsible for any delay in the Commencement Date caused by such inaction by Sublandlord): (i) in addition to all other rights and remedies granted to Sublandlord pursuant to the Sublease, Sublandlord shall have the right to suspend construction of the Improvements and withhold payment of all or any portion of the Sublandlord's Allowance, and (ii) all other obligations of Sublandlord under the terms of this Work Letter shall be suspended.