THE
DEMISED PREMISES OR A PERMITTED PART SAVE IN ACCORDANCE WITH THE PROVISIONS OF
CLAUSES 3.30.12 AND 3.30.13 HEREOF AND THEN ONLY WITH THE PRIOR WRITTEN CONSENT
OF THE LANDLORD WHICH CONSENT SHALL NOT BE UNREASONABLY WITHHELD OR DELAYED
3.30.12
THAT EACH AND EVERY PERMITTED
UNDERLEASE SHALL BE GRANTED WITHOUT ANY FINE OR PREMIUM AT A RENT NOT LESS THAN
THE THEN OPEN MARKET RENTAL VALUE OF THE PREMISES TO BE UNDERLET ("THE UNDERLET
PREMISES") SUCH RENT BEING PAYABLE IN ADVANCE ON THE USUAL QUARTER DAYS AND
SHALL CONTAIN PROVISIONS:
FOR THE UPWARDS ONLY REVIEW OF THE RENT
RESERVED BY SUCH UNDERLEASE ON THE BASES AND ON THE DATES ON WHICH THE YEARLY
RENT IS TO BE REVIEWED UNDER THIS LEASE
PROHIBITING THE UNDERTENANT FROM DOING OR
ALLOWING ANY ACT OR THING IN RELATION TO THE UNDERLET PREMISES INCONSISTENT WITH
OR IN BREACH OF THE PROVISIONS OF THIS LEASE
FOR RE-ENTRY BY THE LANDLORD ON BREACH OF
ANY COVENANT BY THE UNDERTENANT
IMPOSING AN ABSOLUTE PROHIBITION AGAINST ALL
DISPOSITIONS OF OR OTHER DEALINGS WHATEVER WITH THE UNDERLET PREMISES OTHER THAN
AN ASSIGNMENT OR CHARGE OF THE WHOLE
PROHIBITING ANY ASSIGNMENT OF THE WHOLE
WITHOUT THE PRIOR CONSENT OF THE LANDLORD WHICH SHALL NOT BE UNREASONABLY
WITHHELD OR DELAYED UNDER THIS LEASE AND ANY MORTGAGE OR CHARGE OF THE WHOLE
SAVE AT ARM'S LENGTH TO A BONA FIDE BANK OR OTHER SUBSTANTIAL INSTITUTION AND
THEN ONLY WITH THE PRIOR WRITTEN CONSENT OF THE LANDLORD UNDER THIS LEASE WHICH
SHALL NOT BE UNREASONABLY WITHHELD OR DELAYED
PROHIBITING THE UNDERTENANT FROM PERMITTING
ANOTHER TO OCCUPY THE WHOLE OR ANY PART OF THE UNDERLET PREMISES
PROVIDING THAT FOR THE PURPOSES OF SECTION
19(1A) OF THE 1927 ACT AND SECTION 16 OF THE 1995 ACT ANY CONSENTS TO AN
ASSIGNMENT OF THE UNDERLEASE SHALL BE SUBJECT TO A CONDITION THAT THE
UNDERTENANT OF THE UNDERLEASE SHALL PRIOR TO SUCH ASSIGNMENT BEING COMPLETED
EXECUTE AND DELIVER TO THE TENANT AND THE LANDLORD OF THIS LEASE A DEED WHICH
SHALL BE PREPARED BY THE LANDLORD'S SOLICITORS CONTAINING COVENANTS ON THE PART
OF THE THEN UNDERTENANT WITH THE TENANT AND AS SEPARATE COVENANTS WITH THE
LANDLORD IN SUCH FORM AS THE LANDLORD MAY REASONABLY REQUIRE
EXCLUDING THE OPERATION OF SECTIONS 24 TO 28
(INCLUSIVE) OF THE 1954 ACT IN RELATION TO THE TENANCY CREATED BY SUCH
UNDERLEASE
20
REQUIRING THE UNDERTENANT TO COMPLY WITH
SECTION 6(1) OF THE 2002 ACT IN RESPECT OF THE UNDERLEASE AND TO INDEMNIFY AND
KEEP INDEMNIFIED THE LANDLORD FROM AND AGAINST ALL ACTIONS PROCEEDINGS COSTS
CLAIMS LOSSES AND LIABILITIES ARISING AS A RESULT OF ANY FAILURE TO DO SO
3.30.13
PRIOR TO ANY PERMITTED UNDERLETTING
TO PROCURE THAT:
THE UNDERTENANT ENTERS INTO DIRECT COVENANTS
WITH THE LANDLORD TO PERFORM THE COVENANTS ON THE PART OF THE TENANT CONTAINED
IN THIS LEASE (EXCEPT PAYMENT OF ALL THE RENTS RESERVED BY THE LEASE) INSOFAR AS
THE SAME AFFECT OR RELATE TO THE PREMISES COMPRISED