Sub-Sublease Agreement definition
Examples of Sub-Sublease Agreement in a sentence
On 23 December 2021 (after trading hours of the Stock Exchange), Xinji Yuzheng and Bangshe Gongyu Guangzhou entered into the Sub-Sublease Agreement pursuant to which Xinji Yuzheng agreed to sub-sublease the Properties to Bangshe Gongyu Guangzhou for a term of 10 years commencing from 11 January 2022 and expiring on 10 January 2032 (both days inclusive).
This indemnity shall survive the expiry or earlier termination of this Sub-Sublease Agreement, in respect of any of the foregoing circumstances during the Sub-Sublease Term.
The Demised Premises contains that portion of the Building which Lessee has previously occupied under a Sub-Sublease Agreement with Corporate Interiors of Delaware, Inc., dated May 1, 2003 (“CI Sublease”), provided that, under the Sub-Sublease, Lessee has the right to expand and sub-sublease the entire Demised Premises.
Priority to renew : After the expiry of the Sub-Sublease Agreement, Bangshe Gongyu Guangzhou shall have priority to renew the Sub- Sublease Agreement based on terms and conditions that are in line with the prevailing market conditions to be offered by Xinji Yuzheng to other third parties.
The Assignor hereby assigns to the Assignee, and the Assignee hereby assumes from the Assignor, that interest in and to all of the Assignor’s rights and obligations under the Sub-Sublease Agreement as of the date hereof, with all of its outstanding rights and obligations under the Sub-Sublease Agreement, including, without limitation, all rights and obligations.
Sublandlord and Sub-Subtenant are desirous of entering into a Sub-Sublease Agreement for that portion of the Subleased Premises consisting of approximately 8,278 rentable square feet of space located on the second (2nd) floor of the Building, which is commonly known as Suite 218 (the “Sub-Sublease Premises”) on the terms and conditions hereafter set forth.
This Sub-Sublease Agreement may be executed and delivered in several counterparts and by means of facsimile or other electronic transmission, and all such executed counterparts, when taken together, shall constitute the same Sub-Sublease Agreement, effective as of the date first above written.
Monthly rental for the Car Park : RMB75,928.32 per month (subject to rental increment of 4% every other year), which shall be payable in advance by Bangshe Gongyu Guangzhou to Xinji Yuzheng on a monthly basis before the 10th day of each month during the term of the Sub-Sublease Agreement.
Guarantee : Pursuant to the Letter of Guarantee, Longmei Dongman has given a guarantee in favour of Xinji Yuzheng pursuant to which Longmei Dongman agreed to guarantee that the actual amount of annual or total revenue to be received by Xinji Yuzheng in respect of the sub-subleasing of the Properties to Bangshe Gongyu Guangzhou or any other third party will not be less than the amount of annual or total revenue that Xinji Yuzheng is entitled under the Sub-Sublease Agreement.
The term of this Sub-Sublease Agreement shall commence on the 1st day of April, 2001 and shall terminate on the 31st day of July, 2001.