Common use of Assignment to Third Parties Clause in Contracts

Assignment to Third Parties. Except as provided in Section 12.1 above, Tenant shall not assign or encumber its interest in this Lease or the Premises or sublease all or any portion of the Premises without first obtaining Landlord's written consent, which consent shall not be unreasonably withheld. Landlord shall give written notice of its consent or its determination not to consent within thirty (30) days following written request for such consent given by Tenant to Landlord. Any assignment, encumbrance or sublease without Landlord's prior written consent shall be voidable and at Landlord's election shall constitute a default.

Appears in 6 contracts

Samples: Lease Agreement (Firstamerica Automotive Inc /De/), Lease Agreement (Firstamerica Automotive Inc /De/), Lease Agreement (Firstamerica Automotive Inc /De/)

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