Assignment/ Sub-letting/ Mortgage, etc Sample Clauses

Assignment/ Sub-letting/ Mortgage, etc. (a) Subject to Clause 8.7 below, the Lessee shall not directly or indirectly transfer, assign, sell, mortgage, pledge, assign, hypothecate, encumber or part with Hotel Premises or any part thereof and/or the benefits arising out of this Lease Deed or any part thereof, or sublet, underlet or part with the possession of the Hotel Premises or any part thereof without obtaining prior written approval from Lessor at any time during the Term. It shall be open to the Lessor to grant or refuse approval or impose any conditions, if considered necessary and desirable. Permission to any third party to operate permissible activities such as offices, retail areas, gymnasium, spa, restaurants, coffee shops, banquet halls, or any other facilities within the Hotel Premises, shall be given by the Lessee in compliance with Applicable Law and shall be expressly subject to the terms and conditions of this Lease Deed and the RFP Documents. Any permission to third parties to operate or maintain the aforesaid facilities shall be co-terminus with or, less than the Term and upon expiry of the Term or, early termination of this Lease Deed by the Lessor. All permissions granted to third parties to operate or maintain any facility or amenities within the Hotel Premises as aforesaid shall automatically cease and terminate forthwith and the Lessee shall be obliged to handover vacant and peaceful possession of the Hotel Premises to the Lessor in terms of this Lease Deed. The Lessee shall provide a copy of all such agreements executed with third parties to the Lessor within 7 (seven) days of execution of such third party agreement(s).
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Assignment/ Sub-letting/ Mortgage, etc. The Licencee covenants and agrees that the Licencee shall not, directly or indirectly, transfer, mortgage, pledge, assign, hypothecate, encumber, let or sublet or part with the occupation of the Licensed Premises or any part thereof and/or the benefits arising out of this Agreement or any part thereof in any manner whatsoever to any Person, without the prior written consent of the Licensor. Permission to any third party to operate permissible activities such as offices, retail areas, gymnasium, spa, restaurants, coffee shops, banquet halls, or any other facilities within the Licensed Premises, shall be given only after prior written approval from the Licensor. The contract shall be in compliance with the Applicable Laws and shall be expressly subject to the terms and conditions of the License Agreement. Any permission to third parties to operate or maintain the aforesaid facilities shall be co-terminus with or, less than the Licence Period and upon expiry of the Licence Period or, early termination of this Agreement by the Licensor, all permissions granted to third parties to operate or maintain any facility or amenities within the Licensed Premises as aforesaid shall automatically cease and terminate forthwith and the Licencee shall be obliged to handover vacant and peaceful occupation of the Licensed Premises to the Licensor in terms of this Agreement. Such third party permissions shall not be in contravention of this Agreement and Applicable Laws. The Licensee shall provide a copy of all such agreements executed with third parties to the Licensor within fifteen (15) days of execution of such third party agreement(s).
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Related to Assignment/ Sub-letting/ Mortgage, etc

  • ASSIGNMENT/SUB-CONTRACTING The Contractor agrees that he will not sell, assign or transfer this Agreement or any part thereof or interest therein without the prior written consent of the Owner.

  • ASSIGNMENT OF LEASES AND RENTS There exists as part of the related Mortgage File an Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances and the Title Exceptions, each related Assignment of Leases creates a valid first-priority collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease or leases, subject only to a license granted to the related Mortgagor to exercise certain rights and to perform certain obligations of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, subject to applicable law, provides that, upon an event of default under the Mortgage Loan, a receiver is permitted to be appointed for the collection of rents or for the related Mortgagee to enter into possession to collect the rents or for rents to be paid directly to the Mortgagee.

  • ASSIGNMENT/SUBLEASE TRANSFER, LIEN Lessee shall not sublicense any part of the Premises, or assign, transfer or encumber in any manner this Lease Agreement or any right, privilege, license or interest conferred hereby. Paramount may assign or otherwise transfer this Lease Agreement or any portion hereof from time to time, and such transfer shall bind and inure to the benefit of its successors and assigns. It is agreed that Paramount is contracting the technical skills and expertise of the management and employees of Lessee and any significant change in ownership or management of Lessee shall require the consent of Paramount as if such change constituted an assignment of this Lease Agreement. Neither this Lease Agreement, nor any right, privilege, license or interest conferred hereby shall be transferable by operation of law, by reason of any bankruptcy, bankruptcy act, insolvency, receivership proceedings, attachment, execution, other judicial process or sale by or against Lessee, whether any of the same be voluntary or involuntary or judicial proceedings. Lessee shall not permit any lien to be imposed upon the Premises or upon any structures or improvements thereon. In the event a lien is imposed, Lessee shall cause it to be discharged promptly. Lessee shall indemnify Paramount for any loss, expense or cost incurred by it in connection with any such lien. Paramount retains the right to create, or permit mortgages, trust deeds, or other encumbrances to be imposed against and upon the Premises, any improvements thereon or interests therein, except against property owned by Lessee, which encumbrances, including principal, interest and costs and expenses in connection therewith, shall be prior to and superior to the interest of Lessee hereunder, and Lessee hereby agrees that this Lease Agreement is subject and subordinate to any such mortgage, trust deed or other encumbrance.

  • SUBLET/ASSIGNMENT The Lessee may not transfer or assign this Lease, or any right or interest hereunder or sublet said leased Premises or any part thereof without first obtaining the prior written consent and approval of the Lessor.

  • ASSIGNMENT AND SUB-LETTING Tenant shall not assign this Agreement, or sub-let or grant any license to use the Premises or any part thereof without the prior written consent of Landlord. A consent by Landlord to one such assignment, sub-letting or license shall not be deemed to be a consent to any subsequent assignment, sub-letting or license. An assignment, sub-letting or license without the prior written consent of Landlord or an assignment or sub-letting by operation of law shall be absolutely null and void and shall, at Landlord's option, terminate this Agreement.

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