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 shall not, without the consent of Landlord in each instance, which consent shall be in Landlord's sole discretion (except as expressly provided in Section 14.7 below) assign its rights or delegate its duties under this Lease (whether by operation of law, transfers of interests in Tenant or otherwise) or mortgage or encumber its interest in this Lease, in whole or in part, or sublet or permit a third party to occupy all or any part of the Premises (each such assignment, delegation, mortgage, encumbrance, subletting or occupancy is referred to herein as a "Sublease").
(b) If Tenant (or Tenant's guarantor, if any) is a corporation (other than a corporation the outstanding voting stock of which is listed on a "national securities exchange", as defined in the Securities Exchange Act of 1934), partnership, business trust or other entity having transferable shares or interests, and if at any time after execution of this Lease a transfer of fifty percent (50%) or more of the shares or interests of Tenant (or Tenant's guarantor, if any) or other change of control (as defined on Appendix - Definitions), directly or indirectly, whether individually or in a series of transactions, entity by sale, assignment, bequest, inheritance, operation of law or other disposition (including such a transfer to or by a receiver or trustee in Federal or state bankruptcy, insolvency, or other proceedings) shall be deemed to be a Sublease. Tenant agrees to give Landlord written notice of such proposed event and a request for Landlord's approval as otherwise required in this Article at least thirty (30) days prior to the date of such proposed transfer. If Tenant is a corporation the outstanding voting stock of which is listed on a "national securities exchange", as defined in the Securities Exchange Act of 1934, the transfer of equity interests in Tenant on a national securities exchange shall not be deemed a Sublease within the meaning of this Article 14.
(c) Notwithstanding anything to the contrary herein contained but subject to the terms of Section 14.2, Section 14.3 and Section 14.5 hereof, Tenant shall have the right without Landlord's prior written consent, and without being subject to the provisions of Section 14.4 and Section 14.6 hereof, to sublet all or any portion of the Premises or assign this Lease to any Affiliate of Tenant or to any corporation or other entity that succeeds to all or substantially all of the assets and business of Tenant (each, a "Permitted Te...
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. The Contractor shall not assign, transfer, convey, pledge, hypothecate, sublet, subcontract, or otherwise dispose of or encumber this Agreement, or the rights thereunder, nor shall the Contractor delegate any of his/her/its duties hereunder without the prior written consent of the Borough. Any such attempted assignment, transfer, conveyance, pledge, hypothecation, 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 at the option of the Borough.
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. Xxxxxx agrees not to assign this Lease or sublet the Property, and it is hereby agreed and provided that any lawful levy, sale or execution, or other legal process, and any assignment or transfer in bankruptcy by, against, or on behalf of a Tenant shall be deemed and taken to be a prohibited assignment within the meaning of this Lease.
