Common use of Assignment and Sublet Clause in Contracts

Assignment and Sublet. 5. Not to assign this lease, in whole or in part, or sublet the leased premises, or any part or portion thereof, or grant any license or concession for any part of the premises, without the prior written consent of Landlord, said permission shall not be unreasonably withheld, conditioned or delayed. If such assignment or subletting is permitted, Tenant shall not be relieved from any liability whatsoever under this lease. Landlord shall be entitled to any additional considerations over and above those stated in this lease, which are obtained in or for the sublease and/or assignment. No option rights can be assigned or transferred by Tenant to an assignee or subtenant without the prior written consent of Landlord.

Appears in 3 contracts

Samples: Compensation Plan Agreement, Compensation Plan Agreement (International Mercantile Corp), Lease (International Mercantile Corp)

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Assignment and Sublet. 56. Not Except for an assignment or sublease to the subsidiary, affiliate, parent or successor by merger or consolidation of the within Tenant, not to assign this lease, in whole or in part, or sublet the leased premises, or any part or portion thereof, or grant any license or concession for any part of the premises, without the prior written consent of the Landlord, said permission shall not be unreasonably withheld, conditioned or delayed. If such assignment or subletting is permitted, Tenant shall not be relieved from any liability whatsoever under this lease. The Landlord shall be entitled to any additional considerations over and above those stated in this lease, which are obtained in or for the sublease and/or assignment. No option rights can be assigned or transferred by the Tenant to an assignee or subtenant without the prior written consent of the Landlord.. INSURANCE

Appears in 1 contract

Samples: Lease (Alpha Industries Inc)

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Assignment and Sublet. 510. Not to assign this lease, in whole or in part, or sublet the leased premises, or any part or portion thereof, or grant any license or concession for any part of the premises, without the prior written consent of the Landlord, said permission shall which consent will not be unreasonably withheld, conditioned or delayed. If such assignment or subletting is permitted, Tenant shall not be relieved from any liability whatsoever under this lease. The Landlord shall be entitled to one half of any additional considerations over and above those stated in this lease, which are we obtained in or for the sublease and/or assignment. No option rights can be assigned or transferred by the Tenant to an assignee or subtenant without the prior written consent of the Landlord, which consent will not be unreasonably withheld.

Appears in 1 contract

Samples: Lease (Creditrust Corp)

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