Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner to an assignment or underletting shall not in any way be construed to relieve Tenant from obtaining the express consent in writing of Owner to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43
Appears in 1 contract
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer sublet or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Landlord in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner Landlord may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant under-tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner Landlord to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner Landlord to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43[GRAPHIC]
Appears in 1 contract
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors successor and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Landlord in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If instance if this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner . Landlord may, after default by Tenant, collect rent from the assigneeassigneee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenantthe convenant, or the acceptance of the assignee, undertenant under-tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner Landlord to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner Landlord to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43[GRAPHIC]
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Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this leaseA-22 hereof, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Owner in each instance. subject to the provisions of Article 56 of this lease, transfer Transfer of the majority of the stock of a corporate Tenant or the majority partnership interest in any partnership, limited liability company or other legal entity which is of a partnership Tenant shall be deemed an assignment; provided, however, that a transfer of stock in connection with the reincorporation of Tenant from one state of the United States of America to another shall not be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner may, after default by Tenant, collect rent from the assignee, under-tenant undertenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43.
Appears in 1 contract
Samples: Lease Agreement (National Medical Health Card Systems Inc)
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Owner in each instance. subject to the provisions of Article 56 of this lease, transfer Transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be by underlet or occupied by anybody other than Tenant, Owner may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenantcollection, or the acceptance of the assignee, undertenant under-tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43:
Appears in 1 contract
Samples: Office Lease (Electric Fuel Corp)
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underletunder???, or suffer or permit the demised premises properties or any part thereof to be used by others, without the prior written consent of owner Landlord in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet under??? or occupied by anybody other than Tenant, Owner Landlord may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underlettingunderwriting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant under-tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner Landlord to an as assignment or underletting shall not in any way ways be construed to relieve Tenant from obtaining the express consent in writing of Owner Landlord to any further assignment or underletting. Electric Current: 12. underletting SEE RIDER, ARTICLE 43PARAGRAPH 48 "RIDER TO LEASE" ELECTRIC CURRENT
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Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Landlord in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner Landlord may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant under-tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner Landlord to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner Landlord to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 4344
Appears in 1 contract
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, assigns expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Owner in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignmentinstance (INSERT 15). If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner may, after default by Tenant, Tenant (INSERT 16) collect rent from the assignee, under-under tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this the covenant, or the acceptance of the assignee, undertenant under tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of the Tenant herein contained. The consent by Owner to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43.
Appears in 1 contract
Samples: Lease Agreement (Sonesta International Hotels Corp)
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Landlord in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, assigned or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner Landlord may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant under-tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner Landlord to an assignment or underletting shall not in any way wise be construed to relieve relive Tenant from obtaining the express consent in writing of Owner Landlord to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43This Article is modified by Article #
Appears in 1 contract
Samples: Lease Agreement (Paradise Music & Entertainment Inc)
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributeesdistributes, executors, administrators, legal representativesrepresentative, successors successor and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Owner in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner may, after default by Tenant, collect rent from the assignee, under-under tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant under-tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner to any further assignment or underletting. Electric Current: 12See Article 44. SEE RIDER, ARTICLE 43Under no circumstances may the lessee’s interest in this lease be mortgaged or encumbered.
Appears in 1 contract
Samples: Lease Agreement (Smith & Wollensky Restaurant Group Inc)
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises Demised Premises or any part thereof to be used by others, others without the prior written consent of owner Landlord in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises Demised Premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner Landlord may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant under-tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner Landlord to an assignment or underletting shall not in any way wise be construed constructed to relieve Tenant from obtaining the express consent in writing of Owner Landlord to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43.
Appears in 1 contract
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Landlord in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, assigned or if the demised premises or any part thereof be underlet or occupied by to anybody other than Tenant, Owner Landlord may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant under-tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner Landlord to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner Landlord to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43See Paragraph 48 “Rider to Lease.”
Appears in 1 contract
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or 10 encumber this agreement, agreement nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, others without the prior written consent of owner Landlord in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be is assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner Landlord may, after default by Tenant, Tenant collect rent from the assignee, under-tenant ; under Tenant or occupant, occupant and apply the net amount collected to the rent sum herein reservedreceived, but no such assignment, underletting, underletting occupancy or collection shall be deemed a waiver of this covenant, covenant or the acceptance of the assignee, undertenant under Tenant or occupant as tenantTenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner Landlord to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner to Landlord in any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43.
Appears in 1 contract
Samples: Office Lease (Princeton Review Inc)
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assignassign by operation of law or otherwise, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Owner in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner may, after default by Tenant, collect rent from the assignee, under-tenant undertenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein containedcontained or the release of any guarantor. The consent by Owner to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner to any further assignment or underletting, by operation of law or otherwise. Electric Current: 12. SEE RIDER, ARTICLE 43:
Appears in 1 contract
Samples: Loft Lease (Coach Inc)
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreementLease, nor underlet, or suffer or permit the demised premises Demised Premises or any part thereof to be used by others, others without the prior written consent of owner Landlord (which consent shall not be unreasonably withheld, delayed or conditioned) in each instanceinstance except as otherwise set forth in Article 42. subject to the provisions of Article 56 of this lease, transfer Transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignmentassignment of this lease except as set forth in Article 42. If this lease be assigned, or if the demised premises Demised Premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner Landlord may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant under-tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner Landlord to an assignment or underletting shall not in any way anyway be construed constructed to relieve Tenant from obtaining the express consent in writing of Owner Landlord to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43.
Appears in 1 contract
Samples: Office Lease (Intira Corp)
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Owner in each instance. subject to Transfer of the provisions majority of Article 56 the stock of this lease, transfer a corporate of Owner in each instance. Transfer of the majority of the stock of a corporate Tenant or the majority partnership interest in any partnership, limited liability company or other legal entity which is of a partnership Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner may, after default by TenantTxxxxx, collect rent from the assignee, under-under tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner to an assignment or underletting shall not in any way be construed to relieve Tenant Txxxxx from obtaining the express consent in writing of Owner to any further assignment or as underletting. Electric Current: 12. SEE RIDER, ARTICLE 43See paragraph “55th” in Rider.
Appears in 1 contract
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreementAgreement, nor underlet, underlet or suffer or permit the demised premises Demised Premises or any part thereof to be used by others, without the prior written consent of owner Owner in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease Lease be assigned, or if the demised premises Demised Premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner may, after default by Tenant, collect rent from the assignee, under-tenant undertenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy occupant or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant or occupant as tenant, tenant or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43.
Appears in 1 contract
Samples: Office Lease (Virage Inc)
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, assigns expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Landlord in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, assigned or if the demised premises or any part thereof be by underlet or occupied by anybody other than Tenant, Owner Landlord may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant under-tenant or occupant as tenant, or a release relative of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner Landlord to an assignment or underletting shall not in any way wise be construed to relieve Tenant from obtaining the express consent in writing of Owner Landlord to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43.
Appears in 1 contract
Assignment, Mortgage, Etc. 11. Subject to the provisions of Article 56 of this lease, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, ; expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, underlet or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of owner Landlord in each instance. subject to the provisions of Article 56 of this lease, transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership, limited liability company or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner Landlord may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant under- tenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant Tenant' herein contained. The consent by Owner Landlord to an assignment or underletting shall not in any way be construed to relieve Tenant from obtaining the express consent in writing of Owner Landlord to any further assignment or underletting. Electric Current: 12. SEE RIDER, ARTICLE 43ELECTRIC CURRENT:
Appears in 1 contract