Common use of Assignment and Subleasing Clause in Contracts

Assignment and Subleasing. Company will not assign or sublease this Agreement without the prior written consent of Authority. Such consent may be withheld at the sole discretion of Authority. If a sublease is approved, Company will be solely responsible for ensuring that its sublessee performs pursuant to and in compliance with the terms of this Agreement. In no event will any approved assignment or sublease diminish Authority’s rights to enforce any and all provisions of this Agreement. Before any assignment or sublease becomes effective, the assignee or sublessee will assume and agree by written instruments to be bound by the terms and conditions of this Agreement during the remainder of the term.

Assignment and Subleasing. Company will not assign or sublease this Agreement without the prior written consent of Authority. Such consent may be withheld at the sole discretion of Authority. If a assignment or sublease is approved, Company will be solely responsible for ensuring that its assignee or sublessee performs pursuant to and in compliance with the terms of this Agreement. In no event will any approved assignment or sublease diminish Authority’s rights to enforce any and all provisions of this Agreement. Before any assignment or sublease becomes effective, the assignee or sublessee will assume and agree by written instruments to be bound by the terms and conditions of this Agreement during the remainder of the term.