Required Sublease Provisions. Any sublease of all or any portion of the Leased Property shall provide (a) that it is subject and subordinate to this Agreement and to the matters to which this Agreement is or shall be subject or subordinate; (b) that in the event of termination of this Agreement or reentry or dispossession of Tenant by Landlord under this Agreement, Landlord may, at its option, terminate such sublease or take over all of the right, title and interest of Tenant, as sublessor under such sublease, and such subtenant shall, at Landlord’s option, attorn to Landlord pursuant to the then executory provisions of such sublease, except that neither Landlord nor any Facility Mortgagee, as holder of a mortgage or as Landlord under this Agreement, if such mortgagee succeeds to that position, shall (i) be liable for any act or omission of Tenant under such sublease, (ii) be subject to any credit, counterclaim, offset or defense which theretofore accrued to such subtenant against Tenant, (iii) be bound by any previous modification of such sublease not consented to in writing by Landlord or by any previous prepayment of more than one (1) month’s rent, (iv) be bound by any covenant of Tenant to undertake or complete any construction of the applicable Property, or any portion thereof, (v) be required to account for any security deposit of the subtenant other than any security deposit actually delivered to Landlord by Tenant, (vi) be bound by any obligation to make any payment to such subtenant or grant any credits, except for services, repairs, maintenance and restoration provided for under the sublease that are performed after the date of such attornment, (vii) be responsible for any monies owing by Tenant to the credit of such subtenant unless actually delivered to Landlord by Tenant, or (viii) be required to remove any Person occupying any portion of the Leased Property; and (c) in the event that such subtenant receives a written Notice from Landlord or any Facility Mortgagee stating that an Event of Default has occurred and is continuing, such subtenant shall thereafter be obligated to pay all rentals accruing under such sublease directly to the party giving such Notice or as such party may direct. All rentals received from such subtenant by Landlord or the Facility Mortgagee, as the case may be, shall be credited against the amounts owing by Tenant under this Agreement and such sublease shall provide that the subtenant thereunder shall, at the request of Landlord, execute a suitable...
Required Sublease Provisions. 48 Section 16.3 Permitted Sublease and Assignment................................................49
Required Sublease Provisions. 37 16.3 Permitted Subleases and Assignments 38 16.4 Sublease Limitation 39 ARTICLE 17 ESTOPPEL CERTIFICATES AND OPERATING STATEMENTS 39 17.1 Estoppel Certificates. 39 17.2 Operating Statement. 39 ARTICLE 18 LANDLORD’S RIGHT TO INSPECT 40 ARTICLE 19 EASEMENTS; ZONING 40
Required Sublease Provisions. Any Sublease of all or any portion of the Leased Property entered into on or after the date hereof shall be made on Tenant’s standard form from time to time in effect. On or before twenty (20) days after the end of each Lease Quarter, Tenant shall deliver to Landlord, a copy of each such Sublease of permanent showroom space in excess of 2,000 square feet of gross leasable space duly executed by Tenant and such subtenant in the preceding Lease Quarter and the first page and signature pages of all other Subleases of permanent showroom space duly executed by Tenant and subtenant in the preceding Lease Quarter.
Required Sublease Provisions. Section 16.2 of the Lease is hereby amended to delete the word “Any” which is the first word of such paragraph and replace it with the following phrase: “Except for subleases which are terminable at will by Tenant on not more than sixty (60) days’ prior notice, any”.
Required Sublease Provisions. 74 16.3 No Right of Tenant to Mortgage Its Leasehold.......................75
Required Sublease Provisions. 16.3 Permitted Sublease. 16.4 Sublease Limitation. ARTICLE 17 ESTOPPEL CERTIFICATES AND FINANCIAL STATEMENTS 17.1 Estoppel Certificates. 17.2 Financial Statements. 17.3
Required Sublease Provisions. 48 16.3 Permitted Assignments and Subleases. 49
Required Sublease Provisions. Any and all transfer or sublease agreements shall (1) contain such terms as are described under this Section or as otherwise agreed by Landlord; (2) prohibit further assignments, transfers, or subleases; (3) impose the same obligations and conditions on the transferee or sublessee as are imposed on Tenant by this Lease (except as to Rent and Term or as otherwise agreed by Landlord); (4) be expressly subject and subordinate to each and every provision of this Lease; (5) have a term that expires on or before the expiration of the Term of this Lease; and (6) provide that Tenant and/or transferee or sublessee shall pay Landlord the amount of any additional costs or expenses incurred by Landlord for repairs, maintenance or otherwise as a result of any change in the nature of occupancy caused by the transfer or sublease.
Required Sublease Provisions. 16.3 Sublease Limitation 16.4 Subtenant Non-Disturbance Article 17 ESTOPPEL CERTIFICATES AND FINANCIAL STATEMENTS
