Sublease Premises definition
Sublease Premises shall refer to the Phase I Premises until the Phase II Effective Date and thereafter shall refer collectively to the Phase I Premises and the Phase II Premises. The term “Phase” used alone shall refer to either the Phase I Premises or the Phase II Premises as the context permits. Upon the Phase II Effective Date, the Sublease Premises shall thereafter consist of approximately 123,741 rentable square feet. Sublease Term: The period of time commencing on the Commencement Date and expiring on the Expiration Date. Subtenant: Mass Innovation Labs, LLC a Delaware Limited Liability Company Subtenant’s Address: Prior to the Commencement Date: Xxx Xxxxxxxx 00xx Xxxxx Xxxxxxxxx, XX 00000 Attn: Xxxx Xxxxxx From and after the Commencement Date: 000 Xxxx Xxxxxxx Xxxxxx Cambridge, Massachusetts 02142 Attn: Xxxx Xxxxxx Subtenant’s Share The ratio, expressed as a percentage, of the Rentable Square Footage of the Sublease Premises to the Rentable Square Footage of the Master Premises, being equal to 24.41%, subject to adjustment based on increases or decreases in the Rentable Square Footage of the Sublease Premises in accordance with the terms and conditions of this Sublease. Effective on the Phase II Effective Date, Subtenant’s Share shall increase to 42.56%. Exhibits: Exhibit A – Master Lease Exhibit B – Sublease Premises (Phase I Premises) Exhibit B2 – Sublease Premises (Phase II Premises) Exhibit C – Form of Letter of Credit Exhibit TI – Subtenant Improvements Workletter Exhibit D – Schedule of Sublandlord Property Exhibit E – Form of Xxxx of Sale Exhibit F – Intentionally Omitted Exhibit G - Form of Commencement Date Agreement Exhibit H - Form of Master Landlord Consent Exhibit I - Form of Real Estate License Agreement THIS SUBLEASE AGREEMENT (this “Sublease”) is entered as of the Effective Date by and between Sublandlord and Subtenant on the basis of the following facts, understandings and intentions:
Sublease Premises. Sublease Term or Term", "Fixed Rent", "Commencement Date", "Security Deposit," "Tax Base", Operating Expense Base", "Sublease Year", "Initial Subtenant Improvements" ' and "Owner's Consent Contingency" shall be deemed to refer, respectively, to "Sublessee", "Demised Premises", "Lease Term" "Base Rent", "Term Commencement Date", "Security Deposit", "Sublessee Tax Base", "Sublessee Operating Expense Base", "Year of this Sub-Sublease", "Initial Sublessee Work", and "Consent Date", as defined in this Sub-Sublease. To the extent incorporated into this Sub-Sublease, and unless otherwise provided, Sublessee shall perform the obligations of the Sublessor, as Subtenant under the Sublease allocable to the Demised Premises. Notwithstanding any other provision of this Sub-Sublease, and unless otherwise provided, Sublessor, as Sublandlord under this Sub-Sublease, shall have the benefit of all rights, remedies and limitations of liability enjoyed by Sybase, the Sublandlord under the Sublease, but (i) Sublessor shall have no obligations under this Sublease to perform the obligations of Owner as landlord under the Master Lease or Sybase as Sublandlord under the Sublease; including without limitation any obligation to provide services or maintain insurance, and Sublessee shall seek such performance and obtain such services solely from the Owner or Sybase as appropriate (provided, however, that in the event of any failure by Sybase to perform any obligations of Sybase as Sublandlord under the Sublease Sublessor shall, upon request of Sublessee, or Sybase, and shall use good faith efforts to attempt to cause Sybase to perform its respective obligations); (ii) Sublessor shall not be bound by any representations or warranties of Sybase as Sublandlord under the Sublease; (iii) in any instance where the consent of 13 Owner is required under the terms of the Master Lease and or the Sublease and/or of Sybase under the Sublease, the consent of Sublessor, Sybase and Owner shall be required; and (iv) Sublessor shall not be liable to Sublessee for any failure or delay in Owner's performance of its obligations, as landlord under the Master Lease or in Sybase's performance of its obligation as Sublandlord under the Sublease, and in all instances in the Sublease (including without limitation Sections 6.2, 7.1, 10.1, 11.1, 11.2, and 13.3) where Sybase has agreed to notify the Owner or to seek Owner's performance, Sublessor shall be obligated to seek Sybase's compliance with such agreement...
Examples of Sublease Premises in a sentence
This Sublease, and the exhibits and schedules attached hereto, contain all of the terms, covenants, conditions, warranties and agreements of the parties relating in any manner to the rental, use and occupancy of the Sublease Premises and shall be considered to be the only agreements between the parties hereto and their representatives and agents.
On and subject to the terms and conditions below, Sublandlord hereby leases to Subtenant, and Subtenant hereby leases from Sublandlord, the Sublease Premises.
The Security Deposit, or so much thereof as had not theretofore been applied by Sublandlord, shall be returned to Subtenant within thirty (30) days of the expiration or earlier termination of this Sublease, provided Subtenant has vacated the Sublease Premises.
Subtenant shall not use or permit the use of the Sublease Premises in a manner that will create waste or a nuisance, interfere with or disturb other tenants in the Building or violate the provisions of the Master Lease.
Subtenant may use the Sublease Premises only for the purposes as allowed in the Master Lease, and for no other purpose.
More Definitions of Sublease Premises
Sublease Premises shall refer to the Existing Sublease Premises and Expansion Premises collectively.
Sublease Premises as used in this Sublease, shall refer to Area 1 until the Area 2 Sublease Commencement Date and, thereafter, shall refer to both Area 1 and Area 2.
Sublease Premises shall include the Sublease Premises and the Improvements.
Sublease Premises. The entire twenty-fifth (25th) floor of the Building containing five thousand five hundred twenty-six (5,526) rentable square feet of space as stipulated and agreed to by Sublandlord and Subtenant.
Sublease Premises means and include both the Initial Sublet Premises and the Expansion Premises;
Sublease Premises. Four buildings including 506,317 square feet of Rentable Area, as initially described in Exhibit “A” to the Master Lease and as more fully described in Exhibit A. The Sublease Premises consists of the following (each, a “Sublease Premises Portion”):
Sublease Premises means and refer to all of the Sublease Premises. Notwithstanding anything to the contrary contained in this Section 1, if Sublessor does not so tender possession to Subtenant of the Remainder Premises (without any tenant improvements being made therto) by January 1, 2001 (The "Outside Date"), then as Subtenant's sole and exclusive remedy against Sublessor for Sublessor's failure to deliver and/or delay in the delivery of the Remainder Premises, Subtenant may terminate this Sublease by delivering written notice therof to Sublessor at any time after the Outside Date, but prior to Sublessor's tender of possession of the Remainder Premises. If Subtenant fails to deliver such termination notice, or if Sublessor tenders to Subtenant possession of the Sublease Premises (without any tenant improvements being made thereto) at any time earlier than the expiration of ten (10) business days following receipt of Subtenant's termination notice, then upon the occurrence of any such events the foregoing right given to Subtenant to terminate this Sublease as provided herein shall lapse and be null and void and the Sublease shall remain in full force and effect with Subtenant having no further right to terminate this Lease pursuant to the foregoing provision. If Sublessor does so timely deliver to Subtenant possession of the Sublease Premises (without any tenant improvements being made thereto), Subtenant shall promptly deliver written notice to Sublessor confirming same (however, any failure by Subtenant to so notify Sublessor shall not affect the enforceability of this Sublease).