Assignment by Sublessee Sample Clauses

Assignment by Sublessee. Except as expressly permitted in the following sentence, Sublessee will not assign any of its rights under this Sublease without the prior written consent of Sublessor and Head Lessor. On ten days' written notice to Sublessor, Sublessee may consolidate with or merge into any other corporation provided that the following conditions are met: (a) the corporation formed by such consolidation or into which Sublessee is merged shall be a corporation organized under the laws of the United States of America or any State thereof or the District of Columbia, shall be a citizen of the United States within the meaning of the Act, shall be a United States certificated air carrier holding one or more certificates of public convenience and necessity and shall execute and deliver to Sublessor and Head Lessor an agreement containing an assumption by such successor corporation of the due and punctual performance of each covenant and condition contained in this Sublease and the other Operative Agreements, (b) immediately after giving effect to such transaction, no Event of Default shall have occurred and be continuing and (c) Sublessee shall have delivered to Sublessor an Officer's Certificate of Sublessee stating that such transaction complies with the requirements of this Section 15.3.
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Assignment by Sublessee. SUBLESSEE WILL NOT ASSIGN, DELEGATE OR OTHERWISE TRANSFER (VOLUNTARILY, INVOLUNTARILY, BY OPERATION OF LAW OR OTHERWISE) ANY OF ITS RIGHTS OR OBLIGATIONS UNDER THIS SUBLEASE OR CREATE OR PERMIT TO EXIST ANY SECURITY INTEREST OTHER THAN ANY PERMITTED LIEN OVER ANY OF ITS RIGHTS UNDER THIS SUBLEASE, AND ANY ATTEMPT TO DO SO SHALL BE NULL AND VOID.
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Assignment by Sublessee. Sublessee shall not have the right to sub-sublease the Subleased Premises or to assign its interest under this Sublease except as permitted under Section 16.8 [Permitted Transfer] of the Master Lease, as incorporated herein.
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Assignment by Sublessee. Sublessee shall not assign or transfer all or any part of the Subleased Premises or Sublessee's leasehold estate hereunder without Sublessor's prior written consent, which consent may be withheld in Sublessor's reasonable discretion, and Sublessee shall also obtain the consent of the Overlandlord in accordance with the terms of the Master Lease. Notwithstanding the foregoing, Sublessor agrees that it will not withhold its consent to an assignment of this Sublease to any corporation into which Sublessee is merged or with which Sublessee is consolidated, provided that such assignee shall execute, acknowledge and deliver to Sublessor an agreement in form and substance satisfactory to Sublessor whereby such assignee shall agree (i) to be bound by and upon all of the covenants, agreements, terms, provisions and conditions set forth in this Sublease on the part of Sublessee to be performed; and (ii) that the provisions of this Article 14 shall continue to be binding upon it with respect of all future assignments and transfers.
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Assignment by Sublessee. Sublessee shall have the right to assign Sublessee's interest in this Sublease or sublease the Premises in whole or in part during the Term hereof, subject to obtaining the prior written consent of Sublessor, which shall not be unreasonably withheld or delayed, and of Master Lessor. The foregoing notwithstanding, if Sublessee requests Sublessor's consent to an assignment or sublet of all or a portion of the Premises through the remainder of the Sublease term, Sublessor shall have the right to recapture the portion of the Premises proposed to be assigned or sublet, in which case this Sublease shall terminate as to such portion of the Premises. Furthermore, Sublessee shall pay to Sublessor, after the reduction of any costs incurred by Sublessee in subleasing the space, seventy-five percent (75%) of the rent received as a result of an assignment or sublease which exceeds the Base Rent payable hereunder for the same period on a per square foot basis. The "reduction of any costs incurred by Sublessee in subleasing the space" shall include all reasonable costs incurred by Sublessee in connection with such sublease, including reasonable legal fees and brokerage commissions. Any such assignment or further sublease of the Premises shall be subject to the provisions of Section 14.1 of the Master Lease and shall not relieve Sublessee of its duties and obligations under this Sublease.
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Assignment by Sublessee. Sublessee may not sublease, assign or otherwise transfer or encumber (collectively the "transaction") any rights in whole or in part under this Sublease without first receiving written consent from Sublessor.
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Related to Assignment by Sublessee

  • Assignment by Lessee Lessee may transfer or assign its rights and obligations under this Agreement without the consent of Operator but shall deliver to Operator written notice of such transfer or assignment not less than ten (10) days prior to the effective date thereof; provided, however, in the event of the assignment of this Agreement to a party that is not an Affiliate, Operator shall have the right to terminate this Agreement within 15 days after receipt of written notice of such assignment, which termination will be effective within 30 days of Lessee’s receipt of such termination notice. Any transfer or assignment of this Agreement by Lessee shall include an express assumption by the transferee or assignee of Lessee’s obligations hereunder. Nothing herein shall be deemed to require Lessee to assign or attempt to assign this Agreement to any third party, including any buyer of a Hotel.

  • Assignment by Lessor The terms and conditions of each Schedule have been fixed by Lessor in order to permit Lessor to sell and/or assign or transfer its interest or grant a security interest in each Schedule and/or the Equipment to a Secured Party or Assignee. In that event, the term Lessor will mean the Assignee and any Secured Party. However, any assignment, sale, or other transfer by Lessor will not relieve Lessor of its obligations to Lessee and will not materially change Lessee's duties or materially increase the burdens or risks imposed on Lessee. The Lessee consents to and will acknowledge such assignments in a written notice given to Lessee. Lessee also agrees that: (a) The Secured Party will be entitled to exercise all of Lessor's rights, but will not be obligated to perform any of the obligations of Lessor. The Secured Party will not disturb Lessee's quiet and peaceful possession and unrestricted use of the Equipment so long as Lessee is not in default and the Secured Party continues to receive all Rent payable under the Schedule; and (b) Lessee will pay all Rent and all other amounts payable to the Secured Party, despite any defense or claim which it has against Lessor. Lessee reserves its right to have recourse directly against Lessor for any defense or claim; (c) Subject to and without impairment of Lessee's leasehold rights in the Equipment, Lessee holds the Equipment for the Secured Party to the extent of the Secured Party's rights in that Equipment.

  • Assignment by Seller The Seller shall have the right, upon notice to but without the consent of the Servicer, to assign, in whole or in part (but exclusive of the Servicer’s rights and obligations as owner of the servicing rights relating to the Mortgage Loans), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement. All references to the Seller in this Agreement shall be deemed to include its assignee or designee and any subsequent assignee or designee, specifically including the Trustee.

  • Assignment by Owner 51 Section 12.11

  • Assignment by Landlord Landlord shall have the right to transfer and assign, in whole or in part, all its rights and obligations hereunder, in the Premises, and in such event and upon such transfer no further liability or obligation shall thereafter accrue against Landlord hereunder.

  • Assignment by Depositor Concurrently with the execution of this Agreement, the Depositor shall assign its interest under this Agreement with respect to the Mortgage Loans to the Trustee, and the Trustee then shall succeed to all rights of the Depositor under this Agreement. All references to the rights of the Depositor in this Agreement shall be deemed to be for the benefit of and exercisable by its assignee or designee, specifically including the Trustee.

  • Assignment by Buyer Buyer shall have the right to assign this Agreement to any third party or parties and no consent on the part of Seller shall be required for such assignment, provided however, that any such assignment shall not relieve Buyer of its liabilities and obligations hereunder.

  • Assignment by Purchaser The Purchaser shall have the right, without the consent of the Company but subject to the limit set forth in Section 2.02 hereof, to assign, in whole or in part, its interest under this Agreement with respect to some or all of the Mortgage Loans, and designate any person to exercise any rights of the Purchaser hereunder, by executing an Assignment and Assumption Agreement and the assignee or designee shall accede to the rights and obligations hereunder of the Purchaser with respect to such Mortgage Loans. All references to the Purchaser in this Agreement shall be deemed to include its assignee or designee.

  • Assignment by Company The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.

  • Assignment by Issuer The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Receivables and/or the assignment of any or all of the Issuer’s rights and obligations hereunder to the Indenture Trustee.

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