Common use of Assignment and Subletting Procedures Clause in Contracts

Assignment and Subletting Procedures. (a) Provided Tenant is not then or thereafter in default in the payment of Basic Rent and/or Additional Charges or is otherwise not in default under this Lease, if Tenant intends to assign this Lease or to sublet the Premises or any part thereof, Tenant shall give Landlord notice of such intent. Tenant's notice shall be accompanied by (i) a certified description of all material terms of the proposed agreement between Tenant and the proposed assignee or subtenant, (ii) a statement setting forth in reasonable detail the identity of the proposed assignee or sublessee, the nature of its business and its proposed use of the Premises and (iii) current financial information with respect to the proposed assignee or subtenant. Tenant shall provide Landlord with any additional information or documents requested by Landlord.

Appears in 1 contract

Samples: Agreement of Lease (Fidelity Holdings Inc)

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Assignment and Subletting Procedures. (a) Provided Tenant is not then or thereafter in default in the payment of Basic Rent rent and/or Additional Charges additional rent or is otherwise not in default under this Leaselease, if Tenant intends to assign this Lease lease or to sublet the Premises demised premises or any part thereof, Tenant shall give Landlord notice of such intent. Tenant's notice shall be accompanied by (i) a certified description of all material terms of the proposed agreement between Tenant and the proposed assignee or subtenant, (ii) a statement setting forth settxxx xxrth in reasonable detail the identity of the proposed assignee or sublessee, the nature of its business and its proposed use of the Premises demised premises and (iii) current financial information with respect to the proposed assignee or subtenant. Tenant shall provide Landlord with any additional information or documents requested by Landlord.

Appears in 1 contract

Samples: Porta Systems Corp

Assignment and Subletting Procedures. (a) Provided Tenant is not then or thereafter in default in the payment of Basic Rent rent and/or Additional Charges additional rent or is otherwise not in default under this Leaselease, if Tenant intends to assign this Lease lease or to sublet the Premises demised premises or any part thereof, Tenant shall give Landlord notice of such intent. Tenant's ’s notice shall be accompanied by (i) a certified description of all material terms of the proposed agreement between Tenant and the proposed assignee or subtenant, (ii) a statement setting forth in reasonable detail the identity of the proposed assignee or sublessee, the nature of its business and its proposed use of the Premises demised premises and (iii) current financial information with respect to the proposed assignee or subtenant. Tenant shall provide Landlord with any additional information or documents requested by Landlord.

Appears in 1 contract

Samples: American Defense Systems Inc

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Assignment and Subletting Procedures. (a) Provided Tenant is not then or thereafter in default in the payment of Basic Rent rent and/or Additional Charges additional rent or is otherwise not in default under this Leaselease, if Tenant intends to assign this Lease lease or to sublet the Premises demised premises or any part thereof, Tenant shall give Landlord notice of such intent. Tenant's notice shall be accompanied by (i) a certified description of all material terms of the proposed agreement between Tenant and the proposed assignee or subtenant, (ii) a statement setting forth in reasonable detail the identity of the proposed assignee or sublessee, the nature of its business and its proposed use of the Premises demised premises and (iii) current financial information with respect to the proposed assignee or subtenant. Tenant shall provide Landlord with any additional information or documents requested by Landlord.

Appears in 1 contract

Samples: Porta Systems Corp

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