Assignment Subleasing. Tenant shall not assign this Lease or sublet (which term, without limitation, shall include the granting of concessions, licenses, and the like) the whole or any part of the Leased Premises without in each instance having first received the express written consent of Landlord, which consent shall not be unreasonably withheld or delayed. Notwithstanding any such assignment or subletting, Tenant shall remain fully responsible for compliance with all of the terms and conditions of this Lease on the Tenant’s part to be performed. Consent by Landlord to one assignment or sublease shall not impair or waive this provision insofar as subsequent assignments or subleases are concerned, and all later assignments and subleases (except as hereinabove stated) shall likewise by made only on the prior written consent of Landlord (not to be unreasonably withheld or delayed) to the extent such consent is required hereunder as aforesaid. In any case where Landlord shall consent to such assignment or subletting: any use of the Leased Premises by such sublet or assignment shall not violate any use restrictions; and Tenant shall remain fully liable for the obligations of Tenant hereunder, including, without limitation, the obligation to pay the rent and other amounts provided under this Lease.
Appears in 1 contract
Samples: Triple Net Lease
Assignment Subleasing. Tenant shall not assign this Lease or sublet (which term, without limitation, shall include the granting of concessions, licenses, and the like) the whole or any part of the Leased Premises Property without in each instance having first received the express Landlord's prior written consent of Landlordconsent, which consent shall not be unreasonably withheld or delayed; it being agreed, however, that Landlord will give its consent to any sublease or assignment of all or any portion of the Leased Property to an affiliate (i.e., an entity in common ownership with Tenant or wholly owned by Tenant or wholly owning Tenant) of Tenant for the Permitted Use. Notwithstanding any such assignment or sublettingconsent, Tenant shall remain fully responsible liable to Landlord for compliance with the payment of all Base Rent, Additional Rent, Additional Charges, any other charges due hereunder, and for the full performance of the terms covenants and conditions of this Lease on the Tenant’s part Lease. Landlord's consent to be performed. Consent by Landlord to one any such transfer, assignment or sublease shall will not impair be deemed a consent to any subsequent transfer, assignment or waive this provision insofar as subsequent assignments or subleases are concerned, and all later assignments and subleases (except as hereinabove stated) shall likewise by made only on the prior written consent of Landlord (not to be unreasonably withheld or delayed) to the extent such consent is required hereunder as aforesaidsublease. In the event of a default under the terms of this Lease, if the Leased Property or any case where Landlord shall consent part thereof are then assigned or sublet, Landlord, in addition to any other remedies herein provided or provided by law, may at its option collect directly from assignee or subtenant all rents becoming due to Tenant under such assignment or subletting: sublease and apply such rent against any use of the Leased Premises sums due it by such sublet or assignment shall not violate any use restrictions; and Tenant shall remain fully liable for the obligations of Tenant hereunder, including, without limitation, and no such collection shall be construed to constitute a novation or a release of Tenant from the obligation to pay the rent and other amounts provided under this Leasefurther performance of its obligations hereunder.
Appears in 1 contract
Samples: Facility Lease (Carematrix Corp)
Assignment Subleasing. (a) With the exception of a tenant that would render the Leased Premises or a portion thereof a “tax-exempt use property” within the meaning of Section 168(h) of the Code, Tenant may assign its interest in this Lease and may sublet the Leased Premises in whole or in part, from time to time, to any Person without the consent of Landlord. Tenant shall not assign have no rights to mortgage or otherwise hypothecate its leasehold interest under this Lease or sublet Lease.
(which term, without limitation, shall include the granting of concessions, licenses, and the likeb) the whole or any part Each sublease of the Leased Premises without or any part thereof shall be subject and subordinate to the provisions of this Lease. No assignment or sublease shall affect or reduce any of the obligations of Tenant hereunder, and all such obligations shall continue in each instance having first received the express written consent full force and effect as obligations of Landlorda principal and not as obligations of a guarantor, which consent shall not be unreasonably withheld as if no assignment or delayedsublease had been made. Notwithstanding any such assignment or subletting, Tenant shall continue to remain fully primarily liable and responsible for compliance with all the payment of the terms Basic Rent and conditions Additional Rent and the performance of all its other obligations under this Lease on the Tenant’s part to be performedLease. Consent by Landlord to one No assignment or sublease shall not impair or waive impose any obligations on Landlord under this provision insofar as subsequent assignments or subleases are concerned, and all later assignments and subleases (Lease except as hereinabove stated) shall likewise by made only on the prior written consent of Landlord (not to be unreasonably withheld or delayed) to the extent such consent is required hereunder as aforesaid. In any case where Landlord shall consent to such assignment or subletting: any use of the Leased Premises by such sublet or assignment shall not violate any use restrictions; and Tenant shall remain fully liable for the obligations of Tenant hereunder, including, without limitation, the obligation to pay the rent and other amounts otherwise provided under in this Lease.. Tenant agrees that in the case of an assignment of this Lease, Tenant shall, within fifteen
Appears in 1 contract
Assignment Subleasing. The Tenant shall not assign this Lease assign, sublet, sub-sublet, or sublet (which term, without limitation, shall include the granting of concessions, licenses, and the like) license the whole or any part of the Leased Premises leased premises without in each instance having first received the express Landlord’s prior written consent of Landlord, which consent shall not be unreasonably withheld or delayed; provided, however, that Landlord, except as provided for below in Section 13.3, shall have the right (a) to receive and approve (in Landlord’s reasonable discretion) reasonable business, financial, and/or credit information of any proposed assignee or subtenant, and (b) evidence that the proposed use is consistent with the permitted use of Tenant as defined in Section 8 of this lease, and (c) only at the then current market rents for similar rental space and of comparable term at comparable buildings in Boston all prior to granting of Landlord’s consent. Tenant shall not have the right to assign or sublet, or license the leased premises to another tenant in the Building unless Landlord is not able to provide such tenant with comparable size space in the Building or a prospective tenant currently in negotiations with the Landlord for space in the Building. Notwithstanding any such assignment or sublettingconsent as described above, Tenant shall remain fully responsible liable to Landlord for compliance with the payment of all rent and for the full performance of the terms covenants and conditions of this Lease on the Tenant’s part to be performed. Consent lease unless otherwise agreed by Landlord to one assignment or sublease shall not impair or waive this provision insofar as subsequent assignments or subleases are concerned, and all later assignments and subleases (except as hereinabove stated) shall likewise by made only on the prior written consent in Landlord’s sole discretion. The granting of Landlord (not to be unreasonably withheld or delayed) to the extent such consent is required hereunder as aforesaid. In any case where Landlord shall consent to such assignment an assignment, a subletting, or subletting: any use a license of the Leased Premises by such premises in one instance does not automatically grant the Tenant the right to assign or sublet or assignment shall not violate any use restrictions; and Tenant shall remain fully liable for the obligations of Tenant hereunder, including, without limitation, the obligation to pay the rent and other amounts provided under this Leasepremises in another instance.
Appears in 1 contract
Samples: Commercial Lease (Pine Technology Acquisition Corp.)
Assignment Subleasing. Tenant shall not assign this Lease or sublet (which term, without limitation, shall include the granting of concessions, licenses, and the like) the whole or any part of the Leased Premises Property without in each instance having first received the express Landlord's prior written consent of Landlordconsent, which consent shall not be unreasonably withheld or delayed; it being agreed, however, that Landlord will give its consent to any sublease or assignment of all or any portion of the Leased Property to an affiliate (i.e., an entity in common ownership with Tenant or wholly owned by Tenant or wholly owning Tenant) of Tenant for the Permitted Use. Notwithstanding any such assignment or sublettingconsent, Tenant shall remain fully responsible liable to Landlord for compliance with the payment of all Base Rent, Additional Charges, any other charges due hereunder, and for the full performance of the terms covenants and conditions of this Lease on the Tenant’s part Lease. Landlord's consent to be performed. Consent by Landlord to one any such transfer, assignment or sublease shall will not impair be deemed a consent to any subsequent transfer, assignment or waive this provision insofar as subsequent assignments or subleases are concerned, and all later assignments and subleases (except as hereinabove stated) shall likewise by made only on the prior written consent of Landlord (not to be unreasonably withheld or delayed) to the extent such consent is required hereunder as aforesaidsublease. In the event of a default under the terms of this Lease, if the Leased Property or any case where Landlord shall consent part thereof are then assigned or sublet, Landlord, in addition to any other remedies herein provided or provided by law, may at its option collect directly from assignee or subtenant all rents becoming due to Tenant under such assignment or subletting: sublease and apply such rent against any use sums due it by Tenant hereunder, and no such collection shall be construed to constitute a novation or a release of Tenant from the further performance of its obligations hereunder. In the event of a permitted sublease. Landlord shall have the right to elect to share equally in any profit to Tenant from subleasing of the Leased Premises by such sublet or assignment shall not violate any use restrictions; and Tenant shall remain fully liable for the obligations of Tenant hereunder, including, without limitation, the obligation to pay the rent and other amounts provided under this LeaseProperty.
Appears in 1 contract
Samples: Lease (Phoenix Md Realty LLC)