ASSIGNMENT, MORTGAGING, SUBLETTING, ETC. (a) Tenant covenants and agrees, for Tenant and its successors, assigns and legal representatives, that neither this Lease nor the term and estate hereby granted, nor any part hereof of thereof, will be assigned, mortgaged, pledged, encumbered or otherwise transferred (whether voluntarily, involuntarily, by operation of law, or otherwise), 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 will be used or occupied, or permitted to be used or occupied, or utilized for desk space or for mailing privileges or as a concession, by anyone other than Tenant, or for any purpose other than as hereinbefore set forth, or will be sublet, without the prior written consent of Landlord in every case and any attempt thereat shall be void any of no force or effect. For the purposes of this Lease, (i) the transfer or transferee or sale or sales (in either one or a series of transactions) of fifty (50%) percent or more of the capital stock of Tenant, if Tenant is a corporation or fifty (50%) percent or more of the ownership interests of Tenant, if Tenant is a partnership or (ii) a merger or consolidation of Tenant into or with an other corporation or business entity shall, in each instance referred to in the preceding clauses (i) and (ii), be deemed to be an assignment of this Lease requiring the prior written consent of Landlord as herein set forth. If this Lease be assigned or if the premises or any part thereof by sublet or occupied by anybody other than Tenant, Landlord may, after default by Tenant, collect rent from the assignee, subtenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, subletting, occupancy or collection shall be deemed a waiver or any of Tenant's covenants contained in this Article 7 or elsewhere in this Lease or the acceptance of the assignee, subtenant or occupant as Tenant, or a release of Tenant as sub-lessor or assignor from the further performance by Tenant of the covenants, agreements, terms, provisions and conditions of this Lease on the part of the tenant hereunder to be kept, performed or observed. Tenant's liability under this Lease, in the event of an assignment, shall not at any time be released, relieved or discharged by reason of Landlord's consent to such assignment nor shall Tenant at any time be released, relieved or discharged of any such obligations of the parties to this Lease or by any...
ASSIGNMENT, MORTGAGING, SUBLETTING, ETC. Section 25.01 Tenant shall not, whether directly, indirectly, voluntarily, involuntarily, or by operation of law or otherwise (a) assign or otherwise transfer this Lease or the term and estate hereby granted or any interest herein or offer or advertise to do so, (b) sublet the Premises or any part thereof, or offer or advertise to do so, or allow the same to be used, occupied or utilized by anyone other than Tenant, or (c) mortgage, pledge, encumber, grant a security interest in or otherwise hypothecate this Lease or the Premises or any interest therein or any part thereof in any manner whatsoever, without in each instance obtaining the prior written consent of Landlord. Landlord shall not unreasonably withhold, condition or delay its consent to any advertisement to sublet all or any portion of the Premises or assign this Lease if such advertisement does not contain the financial terms of such assignment, but in all events, Tenant shall have the right to list the assignment or subletting with a broker.
(a) If Tenant is a corporation, partnership or other entity, the provisions of subdivision (a) of Section 25.01 shall apply to: (i) a transfer of a majority percentage interest of the stock or beneficial ownership interest, as the case may be, of Tenant (however accomplished, whether in a single transaction or in a series of related or unrelated transactions); (ii) a transfer by operation of law or otherwise, of Tenant’s interest in this Lease; and/or (iii) any increase in the amount of issued and/or outstanding shares of capital stock of any corporate Tenant (or partnership interests of any partnership Tenant or membership interests of any limited liability company) and/or the creation of one or more additional classes of capital stock of any corporate Tenant (or partnership interests of any partnership Tenant or membership interest of any limited liability company) (however accomplished, whether in a single transaction or in a series of related or unrelated transactions), with the result that the Tenant shall no longer be controlled by the beneficial and record owners of the capital stock of such corporate Tenant (or partnership interests in the case of a partnership or membership interests in the case of a limited liability company) as of the date immediately prior to such event. Notwithstanding anything contained herein to the contrary, the (A) reorganization of Tenant from one form of entity to another, (B) change in situs or place of organization, (C) ...
ASSIGNMENT, MORTGAGING, SUBLETTING, ETC. 11.01. Except as otherwise expressly provided in this Article 11, Tenant shall not, whether voluntarily, involuntarily or by operation of law, without in each instance obtaining the prior consent of Landlord, (a) assign or otherwise transfer this Lease or the term and estate hereby granted, (b) sublet all or part of the Demised Premises or allow the same to be used or occupied by anyone other than Tenant, or (c) mortgage, pledge or encumber this Lease or all or part of the Demised Premises in any manner by reason of any act or omission on the part of Tenant. For purposes of this Article 11, (i) the transfer, directly or indirectly, of a majority of any class of the issued and outstanding capital stock of any corporate tenant or subtenant, or the transfer of a majority of the total interest in any other entity (partnership or otherwise) which is a tenant or subtenant, however accomplished, whether in a single transaction or in a series of related or unrelated transactions (including, without limitation, and by way of example only, the transfer of a majority of the outstanding capital stock of a company which company owns 100% of a second tier company, which in turn owns more than 50% of the outstanding capital stock of a corporate tenant hereunder), shall be deemed an assignment of this Lease, or of such sublease, as the case may be, (ii) a so-called "takeover" agreement (i.
ASSIGNMENT, MORTGAGING, SUBLETTING, ETC. 18.1. Except as otherwise expressly provided in this Article, Tenant shall not, without obtaining the prior written consent of Landlord (which consent shall not be unreasonably withheld or delayed) in each instance:
(a) assign or otherwise transfer this Lease, or any part of Tenant's right, title or interest therein;
(b) sublet all or any part of the Premises or allow all or any part of the Premises to be used or occupied by any other Persons; or
(c) mortgage, pledge or otherwise encumber this Lease, or the Premises. For purposes of this Article:
ASSIGNMENT, MORTGAGING, SUBLETTING, ETC. 16.01 Subtenant shall not voluntarily or involuntarily (a) assign or otherwise transfer this Sublease or the estate hereby granted, (b) sublet the Subleased Premises (c) allow the Subleased Premises to be used or occupied by others, or (d) mortgage, pledge or encumber this Sublease or the Subleased Premises or any part thereof, without, in each instance, obtaining the prior written consent of Sublessor, (and if required by the Lease, Landlord) except as otherwise expressly provided in this Section 16. The sale, assignment, transfer, pledge or issuance of shares of any corporation which is the Subtenant hereunder or other occupant of the Subleased Premises (whether by sub-sublease or assignment of this Sublease) which at one time or in the aggregate results in a reduction of the holdings of the shareholders of such corporation (on the date hereof or the date such corporation first became the Subtenant or occupant of the Subleased Premises, as appropriate) to less than 51% of the shares in such corporation shall be deemed an assignment of this Sublease. The transfer, sale, pledge, issuance or assignment of partnership interests in any partnership which is the Subtenant hereunder or other occupant of the Subleased Premises (whether by sub-sublease or assignment of the Sublease) which at one time or in the aggregate results in a reduction of the holdings of the partners of such partnership (on the date hereof or the date such partnership first became the Subtenant or occupant of the Subleased Premises, as appropriate) to less than 51% of the ownership interests in such partnership shall be deemed an assignment of this Sublease.
16.02 The provisions of Section 16.01 hereof shall not apply to (a) an assignment to a corporation into or with
ASSIGNMENT, MORTGAGING, SUBLETTING, ETC. 21.1. Except as otherwise expressly provided in this Article, Tenant shall not, without obtaining the prior written consent of Landlord which consent shall not be unreasonably withheld or delayed, in each instance:
(a) assign or otherwise transfer this Lease or any part of Tenant’s right, title or interest therein;
(b) sublet all or any part of the Premises or allow all or any part of the Premises to be used or occupied by any other Persons; or
(c) mortgage, pledge or otherwise encumber this Lease, Tenant’s leasehold or the Premises. Any assignment or sublet not made in compliance with the provisions of this Article 21 shall be void and of no force or effect.
21.2. Landlord’s consent shall not be required with respect to a sublease or assignment by Tenant to a parent, subsidiary or affiliate of Tenant or to an assignment of this Lease to a corporation into (or with) which Tenant is merged or consolidated or to any Person to which substantially all of Tenant’s assets are transferred, provided that (a) such merger, consolidation, or transfer of assets is for a business purpose and not a device for the transfer of Tenant’s interest in this Lease; (b) the assignee or successor entity in any such merger, consolidation or transfer of assets has a net worth not materially less than Tenant’s net worth (x) as of the date hereof, or (y) as of the date of such merger, consolidation or transfer, as evidenced by financial statements prepared and certified by independent certified public accountants. For the purpose of this Section 21.2, a “subsidiary” or “affiliate” of Tenant shall mean the following:
ASSIGNMENT, MORTGAGING, SUBLETTING, ETC. (a) Tenant shall not (i) assign or otherwise transfer this Lease or the term and estate hereby granted (ii) sublet the Demised Premises or any part thereof or allow the same to be used or occupied by others or in violation of Article 11, (iii) mortgage, pledge or encumber this Lease or the Demised Premises or any part thereof in any manner by reason of any act or omission on the part of Tenant or otherwise (each a "Transfer"); without in each instance obtaining the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Landlord's consent shall not be required with respect to any space sharing (i.e. no separate demising of space) by any company that owns more than 50% of the ownership interests of Tenant or that is more than 35% owned by PanAmSat Corporation or its parent
ASSIGNMENT, MORTGAGING, SUBLETTING, ETC. 7.1. Except as may be otherwise specifically provided in this Article, the Tenant covenants, for the Tenant and its successors, assigns and legal representatives, that neither this Lease nor the term and estate hereby granted, nor any part hereof or thereof, will be assigned, mortgaged, pledged, encumbered or otherwise transferred (it
ASSIGNMENT, MORTGAGING, SUBLETTING, ETC. Article Seven of the Lease is hereby deleted in its entirety and replaced by the following: ARTICLE SEVEN
ASSIGNMENT, MORTGAGING, SUBLETTING, ETC. SECTION 7.01. Tenant shall not voluntarily or involuntarily (a) assign or otherwise transfer this Lease or the estate hereby granted, (b) sublet the Premises or any part thereof (c) allow the Premises to be used or occupied by others (an "Occupancy Right"), or (d) mortgage, pledge or encumber this Lease or the Premises or any part thereof, without, in each instance, obtaining the prior consent of Landlord, except as otherwise expressly provided in this Article 7. For purposes of this Article 7, (i) the transfer of a majority of the issued and outstanding capital stock of any corporate tenant, or of a corporate subtenant, or the transfer of a majority of the total interest in any partnership tenant or subtenant, however accomplished, whether in a single transaction or in a series of related or unrelated transactions, shall be deemed an assignment of this Lease, or of such sublease, as the case may be, (ii) any person or legal representative of Tenant, to whom Tenant's interest under this Lease passes by operation of law, or otherwise, shall be bound by the provisions of this Article 7, and (iii) a material modification or amendment of a sublease shall be deemed a sublease.
