Common use of Assignee to Assume Obligations Clause in Contracts

Assignee to Assume Obligations. If Tenant shall assign this Lease as permitted herein, the assignee shall expressly assume all of the obligations of Tenant hereunder in a written instrument satisfactory to Landlord and furnished to Landlord prior to the effective date of the assignment. If Tenant shall sublease the Premises as permitted herein, Tenant shall obtain and furnish to Landlord, prior to the effective date of such sublease and in form satisfactory to Landlord, the written agreement of such subtenant stating that (i) the subtenant will attorn to Landlord, at Landlord's option and written request, in the event this Lease terminates before the expiration of the sublease and (ii) Landlord may enforce the provisions of the sublease, including the collection of rents. Any failure to comply with the requirements of this Section 14.5 shall, without further act of any party to this Lease or related assignment or sublease, terminate any such agreement, but in any event, Tenant's obligations under this Lease shall remain in full force and effect.

Appears in 1 contract

Samples: Industrial Building Lease (Hardie James Industries Nv)

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Assignee to Assume Obligations. If Tenant shall assign this Lease as permitted herein, the assignee shall expressly assume all of the obligations of Tenant hereunder from and after the date of assignment and agree to comply with and be bound by all of the terms, provisions and conditions of this Lease. Such assumption shall be evidenced in a written instrument satisfactory to Landlord and Landlord, the execution form of which shall be furnished to Landlord not later than fifteen (15) days prior to the effective date of the assignment. If Tenant shall sublease the Premises as permitted herein, Tenant shall obtain and furnish to Landlord, not later than fifteen (15) days prior to the effective date of such sublease and in form satisfactory to Landlord, the written agreement of such subtenant stating that (i) it shall comply with and be bound by all of the subtenant terms, provisions and conditions of this Lease and that it will attorn to Landlord, at Landlord's ’s option and written request, in the event this Lease terminates before the expiration of the sublease and (ii) Landlord may enforce the provisions of the sublease, including the collection of rents. Any failure to comply with the requirements of this Section 14.5 shall, without further act of any party to this Lease or related assignment or sublease, terminate any such agreement, but in any event, Tenant's obligations under this Lease shall remain in full force and effect.

Appears in 1 contract

Samples: Lease Agreement (AntriaBio, Inc.)

Assignee to Assume Obligations. If Tenant shall assign this Lease as permitted herein, the assignee shall expressly assume all of the obligations of Tenant hereunder from and after the date of assignment and agree to comply with and be bound by all of the terms, provisions and conditions of this Lease. Such assumption shall be evidenced in a written instrument reasonably satisfactory to Landlord and Landlord, the execution form of which shall be furnished to Landlord not later than fifteen (15) days prior to the effective date of the assignment. If Tenant shall sublease the Premises as permitted herein, Tenant shall obtain and furnish to Landlord, not later than fifteen (15) days prior to the effective date of such sublease and in form satisfactory to Landlord, the written agreement of such subtenant stating that (i) it shall comply with and be bound by all of the subtenant terms, provisions and conditions of this Lease and that it will attorn to Landlord, at Landlord's ’s option and written request, in the event this Lease terminates before the expiration of the sublease and (ii) Landlord may enforce the provisions of the sublease, including the collection of rents. Any failure to comply with the requirements of this Section 14.5 shall, without further act of any party to this Lease or related assignment or sublease, terminate any such agreement, but in any event, Tenant's obligations under this Lease shall remain in full force and effect.

Appears in 1 contract

Samples: Lease Agreement (CHG Healthcare Services, Inc.)

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Assignee to Assume Obligations. If Tenant shall assign this Lease as permitted herein, the assignee shall expressly assume all of the obligations of Tenant hereunder in a written instrument satisfactory to Landlord and furnished to Landlord not later than Fifteen (15) days prior to the effective date of the assignment. If Tenant shall sublease the Leased Premises as permitted herein, Tenant shall (i) obtain and furnish to Landlord, not later than Fifteen (15) days prior to the effective date of such sublease and in form satisfactory to Landlord, the written agreement of such subtenant stating that (i) the subtenant will attorn to Landlord, at LandlordXxxxxxxx's option and written request, in the event this Lease terminates before the expiration of the sublease and (ii) be obligated to collect and pay any and all applicable taxes, assessments or other imposed costs or collection obligations associated with Base Rent and Additional Rent, and Tenant shall and does hereby release, and agree to indemnify, defend and hold Landlord may enforce the provisions of the sublease, harmless from any such amounts (including the collection of rentspenalties and interest thereon). Any failure to comply with the requirements of this Section 14.5 13.7 shall, without further act of any party to this Lease or related assignment or sublease, terminate any such agreement, but in any event, Tenant's obligations under this Lease shall remain in full force and effect.

Appears in 1 contract

Samples: Industrial Building Lease (Phoenix Md Realty LLC)

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