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Approved Fund
Approved Fund contract clause examples

Approved Users. Notwithstanding anything to the contrary contained herein, Tenant shall have the right, upon ten (10) Business Day’s prior notice to Landlord, but without having to obtain Landlord’s consent, to permit Tenant’s strategic business partners (each, an “Approved User”) to temporarily occupy space within the Premises, provided that # Tenant does not separately demise such space and the Approved Users utilize, in common with Tenant, common entryways to the Premises as well as shared central services, such as reception, photocopying and the like; # the Approved Users occupy space in the Premises for the Permitted Use and for no other purpose; and # if requested by Landlord, Tenant notifies Landlord, in writing, of the identity of any such Approved Users prior to occupancy of the Premises by such Approved Users, # no such “desk sharing” arrangement is effected solely for the purpose of qualifying as a transaction which does not require Landlord’s consent (i.e. and thereby avoiding the operation of the provisions of this Article XIII, and # the Approved Users shall not occupy, in the aggregate, more than 5,000 rentable square feet at any one time. If any Approved Users occupy any portion of the Premises as described herein, # the Approved Users shall comply with all provisions of this Lease, and a default by any Approved User shall be deemed a default by Tenant under this Lease; # all notices required to be provided by Landlord under this Lease shall be forwarded only to Tenant in accordance with the terms of this Lease and in no event shall Landlord be required to send any notices to any Approved Users; # in no event shall any use or occupancy of any portion of the Premises by any Approved User release or relieve Tenant from any of its obligations under this Lease; # the Approved Users shall be deemed to be contractors of Tenant for purposes of Tenant’s indemnification obligations set forth in this Lease; and # in no event shall the occupancy of any portion of the Premises by Approved Users be deemed to create a landlord/tenant relationship between Landlord and such Approved Users, and, in all instances, Tenant shall be considered the sole tenant under this Lease notwithstanding the occupancy of any portion of the Premises by the Approved Users.

APPROVED USERS. Notwithstanding anything in this Article 9 to the contrary, Tenant shall be permitted from time to time to permit its clients or business associates (“Approved Users”) to temporarily occupy space within the Premises, provided that # Tenant does not separately demise such space and the Approved Users utilize, in common with Tenant, one common entryway to the Premises as well as certain shared central services, such as reception, photocopying and the like; # the Approved Users shall not occupy, in the aggregate, more than 10% of the rentable area in the Premises; # the Approved Users occupy space in the Premises for the Permitted Use and for no other purpose;(d) all Approved Users shall be clients of Tenant and shall occupy space in the Premises only so long as Tenant is providing consulting or other services to such Approved Users; and # Tenant notifies Landlord, in writing, of the identity of any such Approved Users prior to occupancy of any portion of the Premises by such Approved Users. If any Approved Users occupy any portion of the Premises as described herein, it is agreed that # the Approved Users must comply with all provisions of this Lease, and a default by any Approved Users shall be deemed a Default by Tenant under this Lease; # all notices required of Landlord under this Lease shall be forwarded only to Tenant in accordance with the terms of this Lease and in no event shall Landlord be required to send any notices to any Approved Users; # in no event shall any use or occupancy of any portion of the Premises by any Approved User release or relieve Tenant from any of its obligations under this Lease; # the Approved User and its employees, contractors and invitees visiting or occupying space in the Premises shall be deemed contractors of Tenant for purposes of Tenant’s indemnification obligations in [Section 10.3]; and # in no event shall the occupancy of any portion of the Premises by Approved Users be deemed to create a landlord/tenant relationship between Landlord and such Approved Users, and, in all instances, Tenant shall be considered the sole tenant under the Lease notwithstanding the occupancy of any portion of the Premises by the Approved Users.

Approved Users. Notwithstanding any contrary provision of this Section 14, Tenant may, from time to time during the Term (as the same may be extended, without Landlord’s consent and without application of [Sections 14.3 or 14.4]4], permit other professionals (each, an “Approved User”) to occupy space within the Premises during the Term (as the same may be extended) while such party is performing services with, or for, Tenant, provided that # Tenant does not separately demise such space and the Approved User uses, in common with Tenant, one common entryway to the Premises; # Approved Users do not occupy, in the aggregate, more than 15% of the rentable square footage of the Premises; # the Approved User uses such space for the Permitted Use and for no other purpose; and # before the Approved User begins occupancy, # Tenant notifies Landlord in writing of the Approved User’s identity, and # the Approved User executes and delivers to Landlord an agreement substantially in the form of Exhibit S. Tenant shall cause each Approved User, and each of its employees and licensees, to comply with the provisions of the Lease, and each Approved User, and each of its employees and licensees, shall be deemed licensees of Tenant for purposes of Tenant’s obligations under [Section 10.1]. No use or occupancy of any portion of the Premises by an Approved User shall release or excuse Tenant from any obligation hereunder or create a landlord/tenant relationship between Landlord and such Approved User. Landlord shall not be required to provide any notice to any Approved User.

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