Assignment or Sublease Without Consent Prohibited. The economic provisions and rental rates set forth in this Lease were negotiated by Landlord in consideration of, and would not have been granted by Landlord but for, the specific nature of the leasehold interest granted to Tenant hereunder, as such interest is limited and defined by various provisions throughout this Lease, including, but not limited to, the provisions of this Article 18 which define and limit the transferability of such leasehold interest. Landlord hereby reserves the right to receive any increased rental value of the Premises during the Term hereof as the same may be realized by any transfer of said estate (but not any value realized for Tenant's business or furniture, fixtures and equipment), except to the extent Tenant is specifically granted the right to transfer all or part of its leasehold and to retain all or part of the increased rental value thereof pursuant to the provisions of this Article 18. Except for the grant of a security interest in Tenant's personal property in connection with a financing by Tenant or its direct or indirect parent corporation, Tenant shall not directly or indirectly, voluntarily or by operation of law sell, assign, encumber, pledge or otherwise transfer or hypothecate all or any part of the Premises or Tenant's leasehold estate hereunder (collectively "Assignment"), or permit the Premises to be occupied or used by anyone other than Tenant or sublet the Premises (collectively "Sublease") or any portion thereof without Landlord's prior written consent in each instance.
Assignment or Sublease Without Consent Prohibited. Provided Lessee is not in default hereunder, this lease agreement may be assigned by Xxxxxx with the express written consent of Xxxxxx, provided that (i) the assignment does not otherwise alter the terms and provisions of this lease, and (ii) Lessee and Sublessee or Assignment execute a sublease or assignment agreement on a form as provided by Xxxxxx; and (iii) Sublease or Assignee is creditworthy and expressly agrees to assume all of the Lessee’s obligations hereunder, including payment of rent.
