Assignment and Subletting Prohibited. Tenant shall not transfer or assign this Lease or any right or interest under this Lease, or sublet the Leased Premises or any part of the Leased Premises, without first obtaining Landlord's prior written consent, which consent Landlord shall not unreasonably withhold. No transfer or assignment (whether voluntary or involuntary, by operation of law or otherwise) or subletting shall be valid or effective without such prior written consent. Should Tenant attempt to make or allow to be made any such transfer, assignment or subletting, except as stated above, or should any of Tenant's rights under this Lease be sold or otherwise transferred by or under court order or legal process or otherwise, then, and in any of the foregoing events Landlord may, at its option, treat such act as an Event of Default by Tenant. Should Landlord consent to a transfer, assignment or subletting, such consent shall not constitute a waiver of any of the restrictions or prohibitions of this Article 19, and such restrictions or prohibitions shall apply to each successive transfer, assignment or subletting under this Article 19, if any.
Assignment and Subletting Prohibited. (a) Tenant covenants and agrees that, whether voluntarily, involuntarily, by operation of law, or otherwise, neither this Lease nor the term and estate hereby granted, nor any interest herein or therein, will be assigned, mortgaged, pledged, encumbered, or otherwise transferred and that neither the Premises nor any part thereof will be encumbered in any manner by reason of any act or omission on the part of Tenant, or used or occupied by anyone other than Tenant or for any use or purpose other than a Permitted Use, or be sublet (which term, without limitation, shall include granting of concessions, licenses, and the like) in whole or in part, or be offered or advertised for assignment or subletting, without Landlord’s consent, which shall not be unreasonably withheld, subject to the following provisions.
(b) Any request for Landlord’s consent under this Section 9.01 shall be accompanied by such information regarding any proposed assignee, subtenant, or occupant as Landlord shall reasonably require.
(c) If Tenant’s stock is not publicly held, the provisions of paragraph (a) of this Section 9.01 shall apply to a transfer (by one or more transfers) of a majority of the stock, limited liability company or partnership interests, or other evidences of ownership of Tenant as if such transfer were an assignment of this Lease. Such provisions shall not apply to transactions with an entity into or with which Tenant is merged or consolidated or to which substantially all of Tenant’s assets are transferred or to any entity that controls or is controlled by Tenant or is under common control with Tenant, provided that in any of such event (i) the successor to Tenant has a net worth computed in accordance with general accounting principles to be at least equal to the net worth of Tenant immediately prior to such merger, consolidation, or transfer; (ii) proof satisfactory to Landlord of such net worth shall have been delivered to Landlord at least ten (10) days prior to the effective date of any such transaction; and (iii) the assignee agrees directly with Landlord, by written instrument in form satisfactory to Landlord, to be bound by all the obligations of Tenant hereunder including, without limitation, the covenant against further assignment or subletting.
(d) If this Lease be assigned, or if the Premises or any part thereof be sublet or occupied by anyone other than Tenant, Landlord may, at any time and from time to time, collect rent and other charges from the assign...
Assignment and Subletting Prohibited. 9.01. Tenant, its legal representatives and successors in interest, shall not by operation of law or otherwise, assign (in whole or in part), mortgage, pledge, encumber or otherwise transfer this Lease or any part hereof or any interest of Tenant herein or in the Leased Property by reason hereof, or sublet the Leased Property, without Landlord's prior written consent. No assignment of this Lease shall be effective unless the assignee shall execute, acknowledge and deliver to Landlord an agreement, in form satisfactory to Landlord, whereby the assignee assumes all obligations of Tenant under this Lease, and agrees that the provisions of this Article 9 shall continue to be binding upon it in respect of all future assignments and deemed assignments of this Lease. No assignment of this Lease shall release the assignor from its continuing obligations to Landlord under this Lease and Tenant and any subsequent assignor shall continue to remain jointly and severally liable (as primary obligor) for all Tenant's obligations hereunder.
9.02. The consent by Landlord to any assignment or subletting shall not be a waiver of or constitute a diminution of Landlord's right to withhold its consent to any other assignment or subletting and shall not be construed to relieve Tenant from obtaining Landlord's express written consent to any other or further assignment or subletting.
Assignment and Subletting Prohibited. Lessee may not assign or sublet all or any interest in this Lease without prior written consent of Xxxxxx. Any attempted or purported subletting or assignment shall constitute a default of this Lease and shall render this Lease void.
Assignment and Subletting Prohibited. Tenant shall not mortgage, pledge, encumber, sell, assign or transfer this Lease, in whole or in part, by operation of law or otherwise, or sublease all or any part of the Leased Premises, without Landlord's written consent, which consent may be withheld for any reason whatsoever except as provided in subsection (a) and subsection (d). In connection with any request by Tenant for such consent to assign or sublet, Tenant shall submit to Landlord, in writing, a statement containing the name of the proposed assignee or subtenant, such information as to its financial responsibility and standing as Landlord may reasonably require, and all of the terms and provisions upon which the proposed assignment or subletting is to be made, and, unless the proposed sublet area shall constitute the entire Leased Premises, such statement shall be accompanied by a floor plan delineating the proposed sublet area. Any attempted transfer, assignment, subletting, mortgaging or encumbering of this Lease in violation of the provisions of this Section shall be void and confer no rights upon any third person. No permitted assignment or subletting shall relieve Tenant of any of its obligations under this Lease.
Assignment and Subletting Prohibited. Licensee shall not assign this Agreement or sublet any portion of the Licensed Area.
Assignment and Subletting Prohibited. TNC shall not assign, encumber, sublet or otherwise transfer its rights and obligations under this Agreement without the prior written authorization from Airport. Notwithstanding the foregoing, this section shall not be interpreted to preclude the assignment of this Agreement to a parent, subsidiary, or merged company, if such parent, subsidiary, or merged company assumes all rights and obligations of this Agreement. TNC shall provide written notice of such assumption to the Airport regarding the proposed assumption by the parent, subsidiary, or merged company thirty (30) days prior to the effective date of such assignment.
Assignment and Subletting Prohibited. Without the prior written consent of ECSC, except as herein provided in Section 24.1, StadCo will not assign or otherwise convey this Stadium Lease nor, except as hereinafter provided in Section 13.3, sublease the whole or any part of the Stadium Complex to any Person other than a Permitted Assignee. ECSC agrees that upon any permitted assignment or conveyance of this Stadium Lease, XxxxXx shall be released from all obligations arising under this Stadium Lease from and after the date of the assignment or conveyance, provided that (a) the assignee or transferee agrees to perform all of StadCo’s obligations under this Stadium Lease, arising under this Stadium Lease from and after the date of the assignment or conveyance, and (b) assignee or transferee is approved by the NFL. The consent by ECSC to an assignment or sublease will not be construed to relieve StadCo from obtaining either such Party’s prior written consent to any further assignment or subletting. No permitted subtenant may assign or encumber its sublease or further sublease all or any portion of its subleased space, or otherwise permit the subleased space or any part of its subleased space to be used or occupied by others, without ECSC’s prior written consent in each instance. Any assignment or conveyance of this Stadium Lease shall be subject to delivery of a replacement Guaranty by guarantor(s) satisfactory to ECSC in its sole discretion.
Assignment and Subletting Prohibited. Lessee may only assign rights under this Lease or sublet the Leased Premises consistent with the Rio Vista Municipal Airport Rules and Regulations. Any attempted assignment or sublease otherwise shall be void and shall be unenforceable by Lessee.
Assignment and Subletting Prohibited. The CONTRACTOR shall not assign, transfer, convey, pledge, hypothecate, sublet, subcontract, or otherwise dispose of or encumber this agreement, or the rights there under, nor shall the CONTRACTOR delegate any of CONTRACTOR’S duties hereunder without the prior written consent of the OWNER. Any such attempted assignment, transfer, conveyance, pledge, hypothecations, subletting, or other disposition, or the attempted assignment, disposition or delegation of duties or rights shall be null and void and of no force or effect and shall be grounds and cause for immediate termination of this agreement without liability by and the option of the OWNER.
