ASSIGNMENT & SUBLETTING. A. Lessor shall have the right to sell, convey or mortgage all, but not less than all, of the Properties or to assign its right, title and interest as Lessor under this Lease in whole, but not in part; provided, however, the prohibition on Lessor's right to sell, convey or mortgage less than all of the Properties shall not restrict Lessor's right to convey Properties to Lessee pursuant to the provisions of Sections 21.B, 23.A(ix), 57 or 58 hereof. In the event of any such sale or assignment other than a security assignment, provided Lessee receives written notice that such purchaser or assignee has assumed all of Lessor's obligations under this Lease, Lessee shall attorn to such purchaser or assignee and Lessor shall be relieved, from and after the date of such transfer or conveyance, of liability for the performance of any obligation of Lessor contained herein, except for obligations or liabilities accrued prior to such assignment or sale.
B. Lessee acknowledges that Lessor has relied both on the business experience and creditworthiness of Lessee and upon the particular purposes for which Lessee intends to use the Properties in entering into this Lease. Without the prior written consent of Lessor and except as provided below: (i) Lessee shall not assign, transfer or convey this Lease or any interest therein, whether by operation of law or otherwise; (ii) no Subject Transfer shall occur; (iii) no interest in Lessee or any of the Guarantors shall be pledged, encumbered, hypothecated or assigned as collateral for any obligation of any of the Lessee Entities; and (iv) Lessee shall not sublet all or any part of any of the Properties. It is expressly agreed that Lessor may withhold or condition such consent based upon such matters as Lessor may in its reasonable discretion determine, including, without limitation, the experience and creditworthiness of any assignee, the assumption by any assignee of all of Lessee's obligations hereunder by undertakings enforceable by Lessor, the transfer to any assignee of all necessary licenses and franchises to continue operating the Properties for the purposes herein provided, receipt of such representations and warranties from any assignee as Lessor may request, including such matters as its organization, existence, good standing and finances and other matters, whether or not similar in kind. At the time of any assignment of this Lease which is approved by Lessor, the assignee shall assume all of the obligations of Lessee u...
ASSIGNMENT & SUBLETTING. Tenant is not permitted to assign or sub-let this Lease without the prior written consent of Landlord. Tenant may also not grant any license to use the Property or any part of the Property without the prior written consent of the Landlord. If Landlord consents to any one assignment, sub-let or license, this shall not be deemed a consent to any subsequent such request. Any assignment, sub-let or license without Landlord's prior written approval shall be null and void and shall, if Landlord chooses, terminate this Lease.
ASSIGNMENT & SUBLETTING. Xxxxxx agrees that neither the leased premises nor any part thereof shall be sublet nor shall this Lease Agreement be assigned by Xxxxxx without prior written consent of Lessor, which consent shall not be unreasonably withheld. If Lessor does give consent, such consent shall not release Lessee from its obligation hereunder, unless a release is specifically given by Xxxxxx.
ASSIGNMENT & SUBLETTING. Tenant shall not sublet all or any part of Premises, or assign or transfer this Agreement or any interest in it, without prior written consent of Landlord. Unless such consent is obtained, any assignment, transfer or subletting of Premises or this Agreement or tenancy, by voluntary act of Tenant, operation of law, or otherwise, shall be null and void, and, at the option of Landlord, terminate this Agreement. Any proposed assignee, transferee or sublessee shall submit to Landlord an application and credit information for Landlord’s approval, and, if approved, sign a separate written agreement with Landlord and Tenant. Landlord’s consent to any one assignment, transfer, or sublease, shall not be construed as consent to any subsequent assignment, transfer or sublease, and does not release Tenant of Tenant’s obligation under this Agreement.
ASSIGNMENT & SUBLETTING. If Landlord's consent is required for an assignment of this Lease or a subletting of the Leased Premises, Landlord shall have the right to refuse such consent if the possibility of a release of Hazardous Materials is materially increased as a result of the assignment or sublease or if Landlord does not receive reasonable assurances that the new tenant has the experience and the financial ability to remedy a violation of the Hazardous Materials Laws and fulfill its obligations under this Article 34.
ASSIGNMENT & SUBLETTING. 7.01. Lessee shall not assign this Lease, nor sublet the premises or any part thereof, without first having received the written consent of Lessors, which consent Lessors shall not unreasonably withhold.
ASSIGNMENT & SUBLETTING. The Concessionaire shall not, without the prior written consent of the BOR, assign the Concession Agreement, any Lease, or any interest in the Premises, or otherwise transfer or sublet the Premises or any part thereof or permit the use of the Premises by any party other than the Concessionaire and Permitted Residents. If the Concessionaire is a partnership, a limited liability company, or a limited liability partnership, a withdrawal or change, whether voluntary, involuntary, or by operation of law, of partners or members owning a controlling interest in the Concessionaire shall be deemed a voluntary assignment of the Concession Agreement and each Lease and subject to the foregoing provisions. If the Concessionaire is a corporation, any dissolution, merger, consolidation, or other reorganization of the Concessionaire, or the sale or transfer of a controlling interest in the capital stock of the Concessionaire, shall be deemed a voluntary assignment of the Concession Agreement and Leases and subject to the foregoing provisions. No subletting of the Premises (other than to Permitted Residents) shall be effective unless and until (i) the BOR shall have consented in writing and (ii) there shall have been delivered to the BOR an agreement, in form and substance satisfactory to the BOR, signed by the Concessionaire and the proposed sublessee, whereby the sublessee acknowledges the right of the BOR to continue or terminate any sublease, in the BOR’s sole discretion, upon termination of the Concession Agreement and the Leases, and such sublessee agrees to recognize and attorn to the BOR in the event that the BOR elects under such circumstances to continue such sublease. Notwithstanding the assignment of the Concession Agreement and/or Leases or subletting of the Premises, the Concessionaire shall remain obligated for all liability to the BOR arising under the Concession Agreement, each Lease, and the Project Operating Agreement during the entire remaining Term.
ASSIGNMENT & SUBLETTING. Lessee may sublet the Premise or any part thereof to a tenant for use as office space with Lessor’s prior written consent. Lessor agrees that it will not unreasonably withhold or delay such consent.
ASSIGNMENT & SUBLETTING. Tenant may not sublet any portion of the Premises nor transfer or assign Tenant’s rights under this Lease or permit any part of the Premises to be used by any person other than the Tenant, the Occupants listed in Box 14 of Schedule 1 or temporary guests, invitees, or licensees, without the express prior written approval of the Community Manager, which may be withheld in its sole and absolute discretion. Any assignment, transfer or subletting of the Premises or Lease by voluntary act of Tenant, operation of law or otherwise, shall be null and void and, at the option of Owner, terminate this Lease.
ASSIGNMENT & SUBLETTING. Tenant shall not assign any of its rights hereunder or sublet this Lease without Landlord's written consent.
