Common use of Assignment to Affiliate Clause in Contracts

Assignment to Affiliate. Tenant shall have the right to assign its interest in this Lease, or sublet any portion of the Premises, to any entity in which FirstAmerica and/or Subsidiary hold either directly or indirectly an ownership interest without the prior consent of Landlord, provided that such entity agrees to be bound by the terms and conditions of this Lease. Tenant shall give Landlord written notice of the effective date of such assignment or subletting as soon as practicable. In connection with any such assignment, Tenant shall continue to be jointly and separately liable with the assignee for the obligations of tenant pursuant to this Lease.