Assignment of Tenant's Interest Sample Clauses

Assignment of Tenant's Interest. Clauses 18.1(a)(i) and 18.3(b) do not apply to a proposed assignment to the Tenant's related body corporate within the meaning of s 50 of the Corporations Xxx 0000 (Cth) or another Carrier save that: the Tenant must, prior to the assignment taking effect: provide to the Landlord the name and address of the new tenant (Assignee); execute, and procure the Assignee to execute, an assignment of lease which contains: a condition to the effect of Clause 18.1(e)(ii); and a covenant by the Assignee to be bound by the terms of the Lease, and is otherwise in a form approved by the Landlord acting reasonably; and pay the Landlord's reasonable Costs incurred in connection with the preparation, negotiation and stamping of any document required under this clause; and with effect from the date after but not including the date of assignment, the Tenant (as assignor) and the Landlord release each other from all obligations and liability under this Lease, but without prejudice to any prior Claim or remedy which either party may have against the other.
Sample 1
AutoNDA by SimpleDocs
Assignment of Tenant's Interest. (a) Tenant shall not assign its leasehold interest under this Lease or sublet all or any part of the Premises without Landlord's prior written consent. Subject to Landlord's rights under subsection 8.01(b), Landlord's consent to an assignment of this Lease or a subletting of the entire Premises shall not be unreasonably withheld. No assignment or subletting shall relieve Tenant of any obligations under this Lease. A transfer of a controlling interest in Tenant's stock shall be regarded as an assignment in the context of this Section 8.01.
Sample 1
Assignment of Tenant's Interest. (a) (i) Tenant may not assign this Lease or sublet or license the use of or otherwise transfer all or any part of the Premises without Landlord's prior written consent, which consent shall not be unreasonably withheld or delayed. No assignment, subletting, license or transfer shall relieve Tenant or any guarantor of any obligations under this Lease or any guaranty, as the case may be. Landlord's consent to any assignment, subletting, licensing or other transfer shall not be deemed to be a waiver by Landlord of any prohibition against any future assignment, subletting or transfer by Tenant or an assignee without Landlord's prior written consent.
Sample 1
Assignment of Tenant's Interest. (a) (i) Tenant may not assign its leasehold estate under this Lease or sublet all or any part of the Premises without Landlord's consent, which shall not be unreasonably withheld or delayed. No assignment or subletting shall relieve Tenant of any obligation under this Lease.
Sample 1
Assignment of Tenant's Interest. Notwithstanding anything to the contrary contained in the Lease Agreement, Landlord hereby understands that based on Quantum’s notice to Landlord, Landlord hereby acknowledges that the following transactions have occurred:
Sample 1
Assignment of Tenant's Interest 
Sample 1Sample 2

Related to Assignment of Tenant's Interest

  • Subleases of Tenant Whether or not Landlord elects to terminate this Lease on account of any default by Tenant, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant and affecting the Premises or may, in Landlord’s sole discretion, succeed to Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s election to succeed to Tenant’s interest in any such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder.

  • Removal of Tenant Property by Tenant Upon the expiration of the Lease Term, or upon any earlier termination of this Lease, Tenant shall, subject to the provisions of this Article 15, quit and surrender possession of the Premises to Landlord in as good order and condition as when Tenant took possession and as thereafter improved by Landlord and/or Tenant, reasonable wear and tear and repairs which are specifically made the responsibility of Landlord hereunder excepted. Upon such expiration or termination, Tenant shall, without expense to Landlord, remove or cause to be removed from the Premises all debris and rubbish, and such items of furniture, equipment, business and trade fixtures, free-standing cabinet work, movable partitions and other articles of personal property owned by Tenant or installed or placed by Tenant at its expense in the Premises, and such similar articles of any other persons claiming under Tenant, as Landlord may, in its sole discretion, require to be removed, and Tenant shall repair at its own expense all damage to the Premises and Building resulting from such removal.

  • Assignment and Subletting by Tenant 7.1.1 Tenant shall not have the right to assign, transfer, mortgage or encumber this Lease in whole or in part, nor sublet the whole or any part of the Premises, nor allow the occupancy of all or any part of the Premises by another, without first obtaining Landlord’s consent, which consent may be granted or denied in accordance with this paragraph. In no event shall the determination of the amount of rent be expressed in whole or in part as a percentage of the income or profits derived by the subtenant from the space leased (other than an amount based on a fixed percentage or percentages of gross receipts or gross sales). Notwithstanding any permitted assignment or subletting, Tenant shall at all times remain directly, primarily and fully responsible and liable for the payment of all sums payable under this Lease and for compliance with all of its other obligations as tenant under this Lease. Landlord’s acceptance of Base Rent, Additional Rent or any other sum from any assignee, sublessee, transferee, mortgagee or encumbrance holder shall not be deemed to be Landlord’s approval of any such conveyance. Upon the occurrence of an Event of Default, if the Premises or any part of the Premises are then subject to an assignment or subletting, Landlord may, at its option, collect directly from such assignee or subtenant all rents becoming due to Tenant under such assignment or sublease and apply such rents against any sums due to Landlord from Tenant under this Lease. No such collection shall be construed to constitute a novation or release of Tenant from the further performance of Tenant’s obligations under this Lease. Landlord’s right of direct collection shall be in addition to and not in limitation of any other rights and remedies provided for in this Lease or at law. Tenant makes an absolute assignment to Landlord of such assignments and subleases and any rent, Lease Security Deposits and other sums payable under such assignments and subleases as collateral to secure the performance of the obligations of Tenant under this Lease.

  • FORM OF TENANT’S ESTOPPEL CERTIFICATE The undersigned as Tenant under that certain Lease (the “Lease”) made and entered into as of ___________, 201_ by and between _______________ as Landlord, and the undersigned as Tenant, for Premises on the ______________ floor(s) of the office building located at [INSERT BUILDING ADDRESS], certifies as follows:

  • Transfer of Landlord’s Interest Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder after the date of transfer and such transferee shall be deemed to have fully assumed and be liable for all obligations of this Lease to be performed by Landlord, including the return of any Security Deposit, and Tenant shall attorn to such transferee.

  • Assignment of Sublease Any approved sublease will be assigned to LESSOR as security. LESSEE will deliver the original counterpart of the sublease to LESSOR and make any filings necessary to protect LESSOR's security interest.

  • Property of Tenant In addition to and not in limitation of the foregoing, Tenant covenants and agrees that, to the maximum extent permitted by law, all merchandise, furniture, fixtures and property of every kind, nature and description related or arising out of Tenant’s leasehold estate hereunder, which may be in or upon the Premises or Building, in the public corridors, or on the sidewalks, areaways and approaches adjacent thereto, shall be at the sole risk and hazard of Tenant, and that if the whole or any part thereof shall be damaged, destroyed, stolen or removed from any cause or reason whatsoever, no part of said damage or loss shall be charged to, or borne by, Landlord.

  • 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:

  • 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.

  • Conveyance by Lessor Lessor may assign this Lease to any purchaser of the Leased Property. If Lessor or any successor owner of the Leased Property conveys the Leased Property in accordance with the terms hereof other than as security for a debt, and the grantee or transferee of the Leased Property expressly assumes all obligations of Lessor hereunder arising or accruing from and after the date of such conveyance or transfer, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer as to the Leased Property and all such future liabilities and obligations shall thereupon be binding upon the new owner.

Time is Money Join Law Insider Premium to draft better contracts faster.