[nzs_heading heading=”5″]Sublease Language Insert[/nzs_heading]
Notwithstanding any provision herein requiring the prior written consent of Landlord for subleasing or assignment, Tenant shall have the right to license the use of up to 15% of the Premises under one or more short term license agreement(s) without the necessity of obtaining landlord’s prior written consent. Tenant shall provide written notice of all such executed subleases or license agreements to the Landlord promptly following execution thereof. The form of the license agreement is attached hereto as exhibit ____. Any net profits received by Tenant arising from said licensing shall be shared in accordance with the standard sublease provisions of this Lease.
Download: Sublease Language Insert
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