Assignment, Subletting and Replacement Tenants Sample Clauses

Assignment, Subletting and Replacement Tenants. 1. Tenant may not assign this lease or sublet the Property without Landlord's written consent.
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Assignment, Subletting and Replacement Tenants i. Definitions: Notification of Landlord and approval of co-tenants is an integral part of each definition.
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Assignment, Subletting and Replacement Tenants. Tenant may not assign this Lease, sublet the Property or substitute tenants without Landlord's written consent. Any assignee, subtenant, or replacement tenant must, in Landlord's sole discretion, provide Landlord with an application to rent and be approved prior to occupancy. Should Landlord agree to an assignment, sublet, or replacement tenant, Tenant will pay Landlord $250.00 plus any lease modification fees. Unless expressly stated otherwise in an assignment or sublease, Tenant will not be released from Tenant's obligations under this Lease because of an assignment or sublease. An assignment of this Lease or a sublease of this Lease without Xxxxxxxx's written consent is voidable by Landlord.
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Assignment, Subletting and Replacement Tenants. Section 28(B)(4) of the Lease is hereby deleted in its entirety and replaced with the following:
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Assignment, Subletting and Replacement Tenants. Tenant may not assign this Lease, sublet the Property or substitute tenants without Landlord's written consent. Any assignee, subtenant, or replacement tenant must, in Landlord's sole discretion, be acceptable as a tenant and must sign: (i) a new lease with terms not less favorable to Landlord than this Lease or otherwise acceptable to Landlord; (ii) a sublease with terms approved by Landlord; or (iii) an assignment of this Lease in a form approved by Landlord. Should Landlord agree to an assignment, sublet, or replacement tenant, Tenant will pay Landlord $200.00. Unless expressly stated otherwise in an assignment or sublease, Tenant will not be released from Tenant's obligations under this Lease because of an assignment or sublease. An assignment of this Lease or a sublease of this Lease without Landlord's written consent is voidable by Landlord.
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Related to Assignment, Subletting and Replacement Tenants

  • Assignment and Subletting (a) Except as provided in subsection (d) below, without the prior written consent of Landlord, which may be withheld in Landlord’s sole discretion, Tenant may not sublease, assign, mortgage, pledge, hypothecate or otherwise transfer or permit the transfer of this Lease or the encumbering of Tenant’s interest therein in whole or in part, by operation of Law or otherwise or permit the use or occupancy of the Premises, or any part thereof, by anyone other than Tenant, provided, however, if Landlord chooses not to recapture the space proposed to be subleased or assigned as provided in Section 10.2, Landlord shall not unreasonably withhold, delay or condition its consent to a subletting or assignment under this Section 10.1. Tenant agrees that the provisions governing sublease and assignment set forth in this Article Ten shall be deemed to be reasonable. If Tenant desires to enter into any sublease of the Premises or assignment of this Lease, Tenant shall deliver written notice thereof to Landlord (“Tenant’s Notice”), together with the identity of the proposed subtenant or assignee and the proposed principal terms thereof and financial and other information sufficient for Landlord to make an informed judgment with respect to such proposed subtenant or assignee at least twenty (20) days prior to the commencement date of the term of the proposed sublease or assignment. Landlord shall notify Tenant in writing of its approval or disapproval of the proposed sublease or assignment or its decision to exercise its rights under Section 10.2 within fifteen (15) days after receipt of Tenant’s Notice (and all required information). In no event may Tenant sublease any portion of the Premises or assign the Lease to any other tenant of the Project if Landlord has space then available that would satisfy such other tenant’s space needs. Tenant shall submit for Landlord’s approval (which approval shall not be unreasonably withheld, conditioned or delayed) any advertising which Tenant or its agents intend to use with respect to the space proposed to be sublet.

  • ASSIGNMENT/SUBLEASE TRANSFER, LIEN Lessee shall not sublicense any part of the Premises, or assign, transfer or encumber in any manner this Lease Agreement or any right, privilege, license or interest conferred hereby. Paramount may assign or otherwise transfer this Lease Agreement or any portion hereof from time to time, and such transfer shall bind and inure to the benefit of its successors and assigns. It is agreed that Paramount is contracting the technical skills and expertise of the management and employees of Lessee and any significant change in ownership or management of Lessee shall require the consent of Paramount as if such change constituted an assignment of this Lease Agreement. Neither this Lease Agreement, nor any right, privilege, license or interest conferred hereby shall be transferable by operation of law, by reason of any bankruptcy, bankruptcy act, insolvency, receivership proceedings, attachment, execution, other judicial process or sale by or against Lessee, whether any of the same be voluntary or involuntary or judicial proceedings. Lessee shall not permit any lien to be imposed upon the Premises or upon any structures or improvements thereon. In the event a lien is imposed, Lessee shall cause it to be discharged promptly. Lessee shall indemnify Paramount for any loss, expense or cost incurred by it in connection with any such lien. Paramount retains the right to create, or permit mortgages, trust deeds, or other encumbrances to be imposed against and upon the Premises, any improvements thereon or interests therein, except against property owned by Lessee, which encumbrances, including principal, interest and costs and expenses in connection therewith, shall be prior to and superior to the interest of Lessee hereunder, and Lessee hereby agrees that this Lease Agreement is subject and subordinate to any such mortgage, trust deed or other encumbrance.

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