ConsentToSublease
ThisconsentbyLandlordtosublease ismadeandenteredintothis
dayof
,20
(hereinafterreferred
toasthe“EffectiveDate”),byandbetween
(hereinafterreferredtoasthe “Landlord”)and
(hereinafterreferredtoasthe “Tenant”)withreferencetothatcertainsubleasedated
,20
betweenTenant and
(hereinafterreferredtoasthe “Subtenant”).
RECITALS
A. TheTenantandtheLandlordhaveexecutedthatthecertainLeasedated on,
,20
(hereinafterreferredtoasthe“MasterLease”),coveringthosepremises and
relatedimprovementsdescribedintheattachedExhibit “A”.
B. Tenantdesirestosublease
(all/aportion)of thePremisestotheSubtenantandthe
Subtenantdesirestoacceptasublease intheformattachedasExhibit “B” (hereinafterreferredtoasthe “Sublease”). TheLandlordiswillingto consenttotheSubleaseontheterms and conditionssetforthinthis Consent.
In considerationof thepaymentby theTenantof
Dollars($
),payableonorbeforethe
,,20
totheLandlord,allparties agreeasfollows:
1. ConsenttoSublease
TheLandlordhereby consentstotheSubleaseandthetransactionscontemplated. TheLandlord’sconsenttothe
Subleasewillnotbedeemedasconsentto:
(i)Any furtherorothersubleasingof theSubleasedPremises; (ii)Anysubleasingofanyotherportionof thePremises,or;
(iii) Thesubleasingofanyportionof thePremisestoanyothersubtenantoronanyotherordifferent termsthanthosestatedintheSublease. TheTenantwillprovideLandlordwithafullyexecuted copyof theSubleasepromptlyafterexecution.
2. ContinuingLiability
Tenant acknowledgesthat:
(i)Tenantwillremainprimarilyliablefor,andwillnotbereleased from,thefulland faithful performanceofallterms and conditionsof theMasterLease,notwithstandingtheexistenceof (andLandlord’sconsentto) theSublease,oranybreach committedbySubtenantunderthe Sublease,and
(ii)Landlordwillbeentitledtopursueallremedies available intheeventoftheTenant’sbreachof the MasterLease,without regardtotheperformanceornonperformanceof thetermsof theSublease bySubtenant.
3. Monthly Basic Rent
LandlordandTenant acknowledgeandagreethattheMonthlyBasic RentduefromSubtenantunderthe
Sublease($)doesnotexceedtheMonthlyBasic RentduefromTenantundertheMasterLease.
4. EntireAgreement
ThisConsentconstitutestheentireagreementoftheLandlordandtheTenantrelatingtoitssubjectmatterand replacesanypriornegotiations,representations,agreements andunderstandingsof thepartieswithrespectto
suchmattersoralorwritten. TheParties acknowledgethattheyhavenot reliedonanypromise,representationor warranty,expressedorimplied,notcontainedinthisConsent.
5. InterpretationandAmendment
Ininterpretingthe languageof thisConsent,theLandlordandTenantwillbetreatedashavingdraftedthis Consent aftermeaningfulnegotiations.The language inthisAgreementwillbeconstruedastoitsfairmeaning andnotstrictly fororagainsteitherParty.TheLandlordandTenantmaymodifythisConsentwithwritten documentation.
6. Attorneys’ Fees
IfanyParty failstoperformanyofitsobligationsunderthisConsentorifadisputearisesbetweentheParties concerningthemeaningofanyprovisionsof thisConsent,andanactionisfiled,theprevailingpartyinanysuch actionwillbeentitledtorecoverfromtheotherparty,inadditiontoanyotherrelief thatmaybegranted,itscourt costs andreasonableattorneys’fees.
7. Counterparts
ThisConsentmaybesignedin counterparts andallcounterpartssoexecutedwillconstituteonecontract,binding onallpartieshereto.
8. BindingEffect
ThisConsentwillbebindingonLandlord,andinuretothebenefitofTenant andits respectiveheirs,executors, administrators,successorsininterestandassigns.
9. GoverningLaw
ThisAgreementwillbegovernedand construedinaccordancewiththe lawsof theStateof
andRecipientconsentstotheexclusive jurisdictionof thestatecourts andU.S.federalcourtslocatedtherefor anydisputearisingoutof thisAgreement.
INWITNESSWHEREOF,thepartiesheretohaveexecutedthisConsent asof thedayandyearfirstwrittenabove.
LANDLORD:TENANT:
Signature:
Signature:
PrintedName:
PrintedName: