Common use of Assignment and Subletting by Tenant Clause in Contracts

Assignment and Subletting by Tenant. Tenant shall have the right to assign, sublet or otherwise transfer its interest in this Lease and its rights hereunder to any entity or person with Landlord's prior written consent, which shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing, Tenant may assign, sublet or otherwise transfer its interest in this Lease without Landlord's consent, written or otherwise, to any (i) parent, subsidiary or affiliate of Tenant, or to a corporation or other business entity with which Tenant may merge, amalgamate or consolidate, or (ii) entity in which the Premises is intended to be leased back by such entity to Tenant or any parent, subsidiary or affiliate of Tenant, or to a corporation or other business entity with which Tenant may merge, amalgamate or consolidate. Notwithstanding any assignment of the Lease pursuant to the preceding two (2) sentences Tenant shall not be released for liability hereunder so long as the Lease is not modified or amended in any respect without the prior written approval of Tenant. This Lease contains no provision restricting, purporting to restrict or referring in any manner to a change in control or change in stockholders, directors, management or organization of Tenant, or any subsidiary, affiliate or parent of Tenant or, to the issuance, sale, purchase, public offering, disposition or recapitalization of the capital stock of Tenant, or any subsidiary, affiliate or parent of Tenant.

Appears in 2 contracts

Samples: Lease Agreement (Nationsrent Inc), Lease Agreement (Nationsrent Inc)

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Assignment and Subletting by Tenant. Tenant shall have the right to assign, sublet or otherwise transfer its interest in this Lease and its rights hereunder to any entity or person with Landlord's ’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing, Tenant may assign, sublet or otherwise transfer its interest in this Lease without Landlord's ’s consent, written or otherwise, to any (i1) parent, subsidiary or affiliate of Tenant, or to a corporation or other business entity with which Tenant may merge, amalgamate or consolidate, or (ii) entity in which the Premises is intended to be leased back by such entity to Tenant or any parent, subsidiary or affiliate of Tenant, or to a corporation or other business entity with which Tenant may merge, amalgamate or consolidate. Notwithstanding any assignment of the Lease pursuant to the preceding two (2) sentences Tenant shall not be released for liability hereunder so long as the Lease is not modified or amended in any respect without the prior written approval of Tenant. This Lease contains no provision restricting, purporting to restrict or referring in any manner to a change in control or change in stockholders, directors, management or organization of Tenant, or any subsidiary, affiliate or parent of Tenant or, to the issuance, sale, purchase, public offering, disposition or recapitalization of the capital stock of Tenant, or any subsidiary, affiliate or parent of Tenant.

Appears in 1 contract

Samples: Lease Agreement (Nationsrent Inc)

Assignment and Subletting by Tenant. Tenant shall have the right to assign, sublet or otherwise transfer its interest in this Lease and its rights hereunder to any entity or person with Landlord's ’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing, Tenant may assign, sublet or otherwise transfer its interest in this Lease without Landlord's ’s consent, written or otherwise, to any (i) parent, subsidiary or affiliate of Tenant, or to a corporation or other business entity with which Tenant may merge, amalgamate or consolidate, or (ii) entity in which the Premises is intended to be leased back by such entity to Tenant or any parent, subsidiary or affiliate of Tenant, or to a corporation or other business entity with which Tenant may merge, amalgamate or consolidate. Notwithstanding any assignment of the Lease pursuant to the preceding two (2) sentences Tenant shall not be released for liability hereunder so long as the Lease is not modified or amended in any respect without the prior written approval of Tenant. This Lease contains no provision restricting, purporting to restrict or referring in any manner to a change in control or change in stockholders, directors, management or organization of Tenant, or any subsidiary, affiliate or parent of Tenant or, to the issuance, sale, purchase, public offering, disposition or recapitalization of the capital stock of Tenant, or any subsidiary, affiliate or parent of Tenant.

Appears in 1 contract

Samples: Lease Agreement (Nationsrent Inc)

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Assignment and Subletting by Tenant. Tenant shall have the right to assign, sublet sublet, or otherwise transfer its interest in this Lease and its rights hereunder to any entity or person with Landlord's ’s prior written consent, which shall not be unreasonably withheld, conditioned conditioned, or delayed. Notwithstanding the foregoing, Tenant may assign, sublet sublet, or otherwise transfer its interest in this Lease Lease, without Landlord's ’s consent, written or otherwise, to any (i) parent, subsidiary subsidiary, or affiliate of Tenant, or to a corporation or other business entity with which Tenant may merge, amalgamate amalgamate, or consolidate, or (ii) entity in which the Premises is intended to be leased back by such entity to Tenant Tenant, or any parent, subsidiary subsidiary, or affiliate of Tenant, or to a corporation or other business entity with which Tenant may merge, amalgamate amalgamate, or consolidate. Notwithstanding any assignment of the Lease pursuant to the preceding two (2) sentences Tenant shall not be released for liability hereunder so long as the Lease is not modified or amended in any respect without the prior written approval of Tenant. This Lease contains no provision restricting, purporting to restrict restrict, or referring in any manner to a change in control or change in stockholdersshareholders, directors, management management, or organization of Tenant, or any subsidiary, affiliate affiliate, or parent of Tenant orTenant, or to the issuance, sale, purchase, public offering, disposition disposition, or recapitalization of the capital stock of Tenant, or any subsidiary, affiliate affiliate, or parent of Tenant. In the event of any transfer, sublet, or assignment of Tenant’s interest in this Lease, Tenant shall remain liable for all obligations hereunder.

Appears in 1 contract

Samples: Lease Agreement (Planet 13 Holdings Inc.)

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