Assignment and Subleases. The Tenant shall not assign, mortgage, pledge, hypothecate or otherwise transfer this Lease, or sublet (which term, without limitation, shall include granting of concessions, licenses and the like) the whole or any part of the Premises without, in each instance, having first received the consent of the Landlord which consent shall not be unreasonably withheld, conditioned or delayed. Except as specifically permitted herein, any assignment or sublease made without such consent shall be void. The Landlord shall not be deemed to be unreasonable in withholding its consent to any proposed assignment or subletting by the Tenant based on any of the following factors:
(a) The business of the proposed occupant is not consistent with the image and character which the Landlord desires to promote for the Building.
(b) The proposed assignment, mortgage or pledge would in any way materially diminish Landlord’s rights with respect to the Premises.
(c) The proposed occupant is not sufficiently creditworthy in the reasonable opinion of Landlord based on a comparison of the creditworthiness of other similarly-situated companies in the same industry as the proposed occupant. Notwithstanding anything to the contrary contained in this Section, Tenant shall have the right to assign or otherwise transfer this Lease or the Premises, or part of the Premises, without obtaining the prior consent of Landlord, (a) to its parent corporation, to a wholly owned subsidiary, to a corporation which is wholly owned by the same corporation which wholly owns Tenant, to an entity directly or indirectly controlling, controlled by or under common control with Tenant, any entity owning or controlling fifty percent (50%) or more of the outstanding voting interest of Tenant, or any entity of which Tenant owns or controls fifty percent (50%) or more of the voting interests, provided that (i) the transferee shall, prior to the effective date of the transfer, deliver to Landlord instruments evidencing such transfer and its agreement to assume and be bound by all the terms, conditions and covenants of this Lease to be performed by Tenant, all in form reasonably acceptable to Landlord, and (ii) at the time of such transfer there shall not be an uncured Event of Default under this Lease; or (b) to the purchaser of all or substantially all of its assets, any entity resulting from the merger or consolidation of Tenant, any successor entity resulting from a bona fide reorganization or Tenant, or to any entit...
Assignment and Subleases. (a) The Tenant covenants and agrees that neither this Lease nor the term and estate hereby granted, nor any interest herein or therein, will be assigned, mortgaged, pledged, encumbered or otherwise transferred, whether voluntarily, involuntarily, by operation of law or otherwise, and that neither the Premises nor any part thereof will be encumbered in any manner by reason of any act or omission on the part of the Tenant, or used or occupied or permitted to be used or occupied, by anyone other than the Tenant, or for any use or purpose other than a Permitted Use, or be sublet (which term, without limitation, shall include granting of concessions, licenses and the like), or be offered or advertised for assignment or subletting by the Tenant or any person acting on behalf of the Tenant, without, in each case, the prior written consent of the Landlord, which consent shall not be unreasonably withheld, conditioned or delayed and, in the event that the Landlord consents to any subletting, no subtenant in any event shall be permitted to further assign, sublet or otherwise transfer its interest under this Lease, except in accordance with this section in any manner described in this paragraph (a). Any reasonable costs incurred by Landlord associated with the Landlord’s approval of any sublease or assignment shall be wholly paid for by the Tenant In determining whether or not to consent to any proposed assignment, transfer or sublease, the Landlord shall review all relevant factors, including, but in no way limited to whether the assignee, subtenant or other successor to the Tenant’s interest herein has a net worth, computed in accordance with generally accepted accounting principles consistently applied, at least equal to the greater of (1) the net worth of the Tenant immediately prior to such assignment, sublease or transfer, or (2) the net worth of the Tenant herein named on the date of this Lease. At the time that a completed final but unsigned sublease document, the terms and contents of which are agreed to by the parties thereto, is submitted to Landlord by Tenant for consent, the Landlord shall have 15 business days to provide notice that it consents to or rejects said sublease. Notwithstanding the foregoing, there shall be no partial assignment or sublet of this lease. Notwithstanding the provisions hereof, in the event that Tenant desires to vacate the Building and proposes a Sublease for the space that Tenant then occupies, Landlord shall have the option (...
Assignment and Subleases. (a) The Tenant covenants and agrees that neither this Lease nor the term and estate hereby granted, nor any interest herein or therein, will be assigned, mortgaged, pledged, encumbered or otherwise transferred, whether voluntarily, involuntarily, by operation of law or otherwise, and that neither the Premises nor any part thereof will be encumbered in any manner by reason of any act or omission on the part of the Tenant, or used or occupied or permitted to be used or occupied, by anyone other than the Tenant, or for any use or purpose other than a Permitted Use, or be sublet (which term, without limitation, shall include granting of concessions, licenses and the like) in whole or in part, or be offered or advertised for assignment or subletting by the Tenant or any person acting on behalf of the Tenant, without, in each case, the prior written consent of the Landlord, which consent shall not be unreasonably withheld and, in the event that the Landlord consents to any subletting, no subtenant in any event shall be permitted to further assign, sublet or otherwise transfer its interest under this Lease, except in accordance with this section in any manner described in this paragraph (a). Subject to the provisions of paragraph (b) hereof, the provisions of this paragraph (a) shall apply, without limitation, to a transfer (by one or more transfers) of a controlling portion of or interest in the stock or partnership or membership interests or other evidences of equity interests in the Tenant as if such transfer were an assignment of this Lease; provided that if equity interests in the Tenant at any time are or become traded on a public stock exchange, the transfer of equity interests in the Tenant on a public stock exchange shall not be deemed an assignment within the meaning of this Section. Landlord acknowledges that Tenant's affiliate, Lifef/x Networks, Inc. may occupy the Premises with Tenant. Further, notwithstanding anything else to the contrary herein, assignments by operation of law or otherwise by reason of "mergers and acquisitions" shall not require the consent of Landlord provided that the net worth of the Assignee or resulting entity will be not less than the greater of (i) Tenant's net worth as of the Commencement Date or (ii) Tenant's net worth as of the last day of the third calendar month next prior to the date of such Merger or Acquisition. As used herein, the term "mergers and acquisition" shall include (i) a statutory merger (ii) a statutory ...
Assignment and Subleases. Lessee shall not, without the prior written consent of Lessor, sell, assign, sublet or otherwise transfer any interest in this Agreement, or the lease made hereunder, or the Lots leased hereby or any interest therein. If Lessee attempts to assign the Agreement or allows the Lots to be occupied by anyone other than Lessee, Lessor may collect rent and other charges due under this Agreement from the assignee or occupant, and apply the net amount collected to the amount herein due, and no such collection shall be deemed a waiver of the condition herein against assignment or subletting, or as an acceptance of the assignee or occupant as a lawful resident of the Lot or of the Premises, and in such case, Lessee shall remain liable to Lessor for all provisions of this Agreement.
Assignment and Subleases. Tenant agrees not to assign or sublease the Leased Premises, any part thereof, or any right or privilege connected therewith or to allow any other person, except Tenant’s agents and employees to occupy the Leased Premises or any part thereof, without first obtaining Landlord’s written consent, which consent shall not be unreasonably withheld. One consent by Landlord shall not be consent to subsequent assignment, sublease or occupation by other persons. Any unauthorized assignment or sublease by Tenant shall be void and shall terminate this Lease at Landlord’s option. Tenant’s interest in the Lease is not assignable by operation of law, nor is any assignment of its interest herein, without Landlord’s written consent, which consent shall not be unreasonably withheld. Notwithstanding anything herein to the contrary, Tenant shall be permitted without Landlord’s consent to sublease or assign all or part of the Leased Premises to a subsidiary, parent or affiliate entity; provided that Tenant shall remain fully liable hereunder.
Assignment and Subleases. Sublessee may not assign this Sublease or sublet the Premises without the prior written approval of the Sublessor and PDA which consent shall not be unreasonably withheld, conditioned or delayed by Sublessor, provided the provisions of 19.3 below are satisfied.
Assignment and Subleases. Tenant may not assign, transfer, mortgage, pledge, hypothecate or encumber this Lease or any interests therein, and shall not sublease the Tenant Premises or any part thereof, or any right or privilege appurtenant thereof, or allow any person (the employees, agents, servants, customers, and invitees of Tenant excepted) to occupy or use the Tenant Premises without the prior written consent of Landlord and NASA, which consent may be withheld in Landlord's and NASA's sole discretion.
Assignment and Subleases. Lessee may not assign or transfer this Lease or sublease the whole or any part of the Premises, without the written consent of Lessor, which shall not be unreasonably withheld, provided that Lessee shall nevertheless remain primarily liable to Lessor for the payment of all rent and for the full performance of all of the covenants and conditions of this Lease. Lessor shall, however, have the right to sell or transfer the Premises, subject to all of the provisions of this Lease.
Assignment and Subleases. Except as expressly permitted in writing by PIDA, the Industrial Occupant shall not assign or sublease any portion of the Premises, and shall not lease any portion of the Premises to or permit any portion thereof to be occupied by any person other than Industrial Occupant, and in no event shall the portion of the Project occupied by persons other than the Industrial Occupant exceed 49% of the leasable space of the Project or if a portion of the Project is leased to an ineligible tenant, no more than 15% of the leasable space of the Project.
Assignment and Subleases. Pursuant to Fish and Game Code section 15412, this Lease may not be assigned, in whole or in part, by LesseeTenant, either voluntarily or by operation of law, and no subleases or other rights may be granted under it by LesseeTenant without the prior written approval of the LessorState, subject to the conditions that it prescribes. At the election of the LessorState, any attempted assignment or subletting without such prior approval of the LessorState shall terminate this Lease.
