ADDITIONAL CONDITIONS TO ASSIGNMENT Clause Samples

ADDITIONAL CONDITIONS TO ASSIGNMENT. Notwithstanding any contrary provision of the Lease (including any contrary provision of Paragraphs 12 or 36), Lessor may withhold its consent to any proposed sublease or assignment of the Lease (as used in this Addendum, an "Assignment") if the following conditions have not been met: (i) In connection with Paragraph 12.2(e) of the Lease, Lessee shall notify Lessor of its desire to enter into the Assignment and of all relevant facts in connection therewith, including (1) the name of the sublessee or assignee, (2) the nature of the sublessee's or assignee's business to be carried on in the Premises, (3) the terms of the sublease or assignment and all other Initials [Illegible] Addendum - Page 2 Initials [Illegible] -------------- -------------- contracts, instruments and agreements relating to the Assignment, and (iv) such other information as Lessor may reasonably request concerning the Assignment. (ii) The use to be made of the Premises by the proposed assignee or sublessee is generally consistent with the character and nature of the Premises and the permitted use under Paragraphs 1.8 and 6 of the Lease. (iii) The character, moral stability, reputation and financial condition of the proposed assignee or sublessee are satisfactory to Lessor in its sole discretion and, as to an assignment, the proposed assignee's net worth is acceptable to Lessor in its sole discretion. (iv) As to any Assignment other than a sublease of less than twenty percent (20%) of the improvements of the Premises, Lessee shall have agreed to assign and pay to Lessor as additional rent hereunder fifty percent (50%) of all Transfer Consideration (as defined in Paragraph 12.4(v) below).