Fillable Commercial Sub Lease Agreement (Page 3 of 5) in pdf

9. Consent of Master Lessor.

(a) In the event that the Master Lease requires that Sublessor obtain the consent of Master Lessor to any

subletting by Sublessor, then this Sublease shall not be effective unless, within ten (10) days of the date hereof,

Master Lessor signs this Sublease thereby giving its consent to this subletting.

(b) In the event that the obligations of the Sublessor under the Master Lease have been guaranteed by third

Parties, then neither this Sublease nor the Master Lessor’s consent shall be effective unless, within ten (10) days

of the date hereof, said guarantors sign this Sublease thereby giving their consent to this Sublease.

(i) Such consent shall not release Sublessor of its obligations or alter the primary liability of Sublessor to

pay the Rent and perform and comply with all of the obligations of Sublessor to be performed under the Master

Lease.

(ii) The acceptance of Rent by Master Lessor from Sublessee or anyone else liable under the Master Lease

shall not be deemed a waiver by Master Lessor of any provisions of the Master Lease.

(iii) The consent to this Sublease shall not constitute a consent to any subsequent subletting or assignment.

(iv) In the event of any default of Sublessor under the Master Lease, Master Lessor may proceed directly

against Sublessor, any guarantors or anyone else liable under the Master Lease or this Sublease without first

exhausting Master Lessor’s remedies against any other person or entity liable thereon to Master Lessor.

(v) Master Lessor may consent to subsequent sublettings and assignments of the Master Lease or this

Sublease or any amendments or modifications thereto without notifying Sublessor or anyone else liable under the

Master Lease and without obtaining their consent and such action shall not relieve such persons from liability.

(vi) In the event that Sublessor should default in its obligations under the Master Lease, then Master

Lessor, at its option and without being obligated to do so, may require Sublessee to attorn to Master Lessor in

which event Master Lessor shall undertake the obligations of Sublessor under this Sublease from the time of the

exercise of said option to termination of this Sublease but Master Lessor shall not be liable for any prepaid Rent

nor any Security Deposit paid by Sublessee, nor shall Master Lessor be liable for any other defaults of the

Sublessor under the Sublease.

(d) The signatures of the Master Lessor and any Guarantors of Sublessor at the end of this document shall

constitute their consent to the terms of this Sublease.

(e) Master Lessor acknowledges that, to the best of Master Lessor’s knowledge, no default presently exists

under the Master Lease of obligations to be performed by Sublessor and that the Master Lease is in full force and

effect.

(f) In the event that Sublessor defaults under its obligations to be performed under the Master Lease by

Sublessor, Master Lessor agrees to deliver to Sublessee a copy of any such notice of default. Sublessee shall have

the right to cure any default of Sublessor described in any notice within ten (10) days after such service of such

notice of default on Sublessee. If such default is cured by Sublessee, then Sublessee shall have the right of

reimbursement and offset from and against Sublessor.

10. Broker’s Fee.

(a) Upon execution hereof by all Parties, Sublessor shall pay to _______________________

_________________________________________________ a licensed real estate broker (“Broker”) a fee as set

forth in a separate agreement between Sublessor and Broker, or in the event there is no such separate agreement,

the sum of $_____________ for brokerage services rendered by Broker to Sublessor in this transaction.

(b) Sublessor agrees that if Sublessee exercises any option or right of first refusal as granted by Sublessor

herein, or any option or right substantially similar thereto, either to extend the term of this Sublease, to renew this

Sublease, to purchase the Premises, or to lease or purchase adjacent property which Sublessor may own or in

which Sublessor has an interest, then Sublessor shall pay to Broker a fee in accordance with the schedule of

Commercial Sub Lease Agreement Page 3