Assignment and Subleasing by Lessee. None of Lessee’s right, title and interest in, to and under this Agreement, any Lease or any portion of the Equipment, any Escrow Agreement or the Escrow Account related thereto may be assigned, encumbered or subleased by Lessee for any reason, and any purported assignment, encumbrance or sublease without Lessor’s prior written consent shall be null and void.
Assignment and Subleasing by Lessee. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS SECTION 17, LESSEE SHALL NOT, WITHOUT THE PRIOR CONSENT OF LESSOR, ASSIGN, TRANSFER OR ENCUMBER ITS RIGHTS, INTERESTS OR OBLIGATIONS UNDER THIS AGREEMENT. ANY ATTEMPTED ASSIGNMENT, TRANSFER OR ENCUMBRANCE BY LESSEE OF ITS RIGHTS, INTERESTS OR OBLIGATIONS UNDER THIS AGREEMENT SHALL BE NULL AND VOID. So long as no material event of default shall have occurred and be continuing, Lessee may, without the consent of Lessor, sublease one or more of the Equipment to any third party or use the Equipment in connection with the provision of contract compression services pursuant to a contract (a “User Contract”). No such subleasing, or use in connection with provision of services, by Lessee will reduce or affect any of the obligations of Lessee hereunder or the rights of Lessor under this Agreement, and all of the obligations of Lessee hereunder shall be and remain primary and shall continue in full force and effect as the obligations of a principal and not of a guarantor or surety.
Assignment and Subleasing by Lessee. NONE OF LESSEE'S RIGHT, TITLE AND INTEREST IN, TO AND UNDER THIS AGREEMENT AND IN THE PROPERTY MAY BE ASSIGNED, SUBLEASED OR ENCUMBERED BY LESSEE FOR ANY REASON, WITHOUT THE PRIOR WRITTEN CONSENT OF LESSOR.
Assignment and Subleasing by Lessee. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS PARAGRAPH 19, LESSEE SHALL NOT, WITHOUT THE PRIOR CONSENT OF LESSOR, ASSIGN, TRANSFER OR ENCUMBER ITS RIGHTS, INTERESTS OR OBLIGATIONS UNDER THIS AGREEMENT. ANY ATTEMPTED ASSIGNMENT, TRANSFER OR ENCUMBRANCE BY LESSEE OF ITS RIGHTS, INTERESTS OR OBLIGATIONS UNDER THIS AGREEMENT SHALL BE NULL AND VOID. So long as no material event of default shall have occurred and be continuing, Lessee may, without the consent of Lessor, sublease one or more of the Equipment to any third party (each third part a “User” and each such lease a “User Lease”), provided that all of the following requirements shall be satisfied with respect to each such User Lease entered into pursuant to this Paragraph 19:
Assignment and Subleasing by Lessee. None of Lessee’s right, title and interest in, to and under this Agreement and the Equipment may be assigned or encumbered by Lessee for any reason, except that Lessee may sublease all or part of the Equipment if Lessee obtains the prior written consent of Lessor and an opinion of nationally recognized counsel in the area of tax exempt municipal obligations satisfactory to Lessor that such subleasing will not adversely affect the exclusion of the interest components of the Rental Payments from gross income for federal income tax purposes. Any such sublease of all or part of the Equipment will be subject to this Agreement and the rights of Lessor in, to and under this Agreement and the Equipment.
Assignment and Subleasing by Lessee. Xxxxxx agrees not to sublet or assign Xxxxxx's interest in the Premises, in whole or in part, unless approved in writing by CRMC. No sublease or assignment shall become effective until such sublessee or assignee provides a completed application form, has been approved by CRMC, and has signed (a) an assignment form approved by CRMC, or (b) a Sublease Agreement provided by CRMC. No sublease for the entire year, or for the entire term of any extension hereof, will be approved. If the Lessees signing this Rental Agreement are all of the same sex, CRMC will not approve a sublease to a member of the opposite sex unless all other Lessees and previously approved sublessees, if any, agree to the sublease in writing. Xxxxxx remains responsible to CRMC even if they have a sublessee. In the event any Lessee or agent of any Lessee takes any action to prevent a replacement tenant from moving in, the remaining lessees shall be responsible to pay that person’s portion of the rent, regardless of whether Lessees have turned in a Surety Agreement in accordance with Paragraph 6, above.
Assignment and Subleasing by Lessee. None of Lessee’s right, title, and interest in, to and under this Agreement or any portion of the Renewable Energy Equipment or the Acquisition Fund Agreement or the Acquisition Fund may be assigned, encumbered or subleased by Lessee for any reason, and any purported assignment, encumbrance or sublease without Lessor’s prior written consent shall be null and void.
Assignment and Subleasing by Lessee. None of Lessee’s right, title, and interest in, to and under this Agreement or any portion of the Equipment or the Acquisition Fund Agreement or the Acquisition Fund may be assigned, encumbered or subleased by Lessee for any reason, and any purported assignment, encumbrance or sublease without Lessor’s prior written consent shall be null and void.
Assignment and Subleasing by Lessee. Neither this Agreement nor the Equipment may be assigned, subleased, sold, transferred, pledged or mortgaged by Lessee.
Assignment and Subleasing by Lessee. (a) Except for Permitted Encumbrances and as otherwise provided in this Article IX hereof, the Lessee shall not assign, sublease, mortgage or encumber this Lease Agreement or the Existing Campus and, on and from the Delivery Date, the Expanded Campus, or any part thereof, without the prior consent of the Lessor in each instance. Notwithstanding the foregoing, the Lessee shall have the right, and the Lessor hereby consents, to enter into a sublease of the Expansion Site to PWCADC to allow for the construction of the Expansion. Furthermore, the Lessee shall have the right, without the Lessor’s consent, to enter into an assignment of this Lease Agreement or sublease of the Existing Campus and, on and from the Delivery Date, the Expanded Campus, to any wholly owned subsidiary entity of the Lessee, any entity succeeding to substantially all of the assets of the Lessee as a result of a consolidation or merger, or an entity to which all or substantially all of the assets of the Lessee have been sold; provided, however, that the other entity shall assume in writing all of the Lessee’s obligations hereunder, and, except for a wholly owned subsidiary entity of the Lessee, shall have a net worth immediately prior to the assignment or sublease equal to or greater than the Lessee’s net worth. Notwithstanding any such assignment or sublease, the Lessee shall not be released from any, and shall perform all, obligations imposed upon it hereunder. The consent of the Lessor to an assignment or subletting shall not be unreasonably withheld and shall not be construed to release the Lessee from obtaining the consent in writing of the Lessor to any further assignment or subletting.
