Common use of Assignments of this Lease Clause in Contracts

Assignments of this Lease. Each assignee that is approved by Landlord 28 pursuant to this Article VIII shall assume, and be deemed to have assumed, this Lease as to all 29 liability accruing hereunder from and after the effective date of such assignment and shall be and 30 remain liable jointly and severally with Tenant for the payment of the Fixed Rent and additional rent 31 due hereunder from and after the effective date of such assignment and for the due performance of all 32 the terms, covenants, conditions and agreements herein contained on Tenant's part to be performed 33 for the term of this Lease from and after the effective date of such assignment. No assignment shall 34 be effective unless Tenant shall promptly deliver to Landlord a duplicate original of the instrument of 35 assignment, in form reasonably satisfactory to Landlord, containing a covenant of assumption by the 36 assignee of all of the obligations aforesaid and shall obtain from Landlord the aforesaid written 37 consent prior thereto. If this Lease shall be assigned, no such assignment shall be deemed a waiver of 38 the covenants in this Article, nor shall it be deemed a release of Tenant from the full performance by 39 Tenant of all the terms, conditions and covenants of this Lease.

Appears in 2 contracts

Samples: Lease, Lease

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Assignments of this Lease. Each Except as otherwise expressly provided in Section 8.06(4) hereof, (a) each permitted assignee that is approved by Landlord 28 pursuant to this Article VIII shall assume, and be deemed to have assumed, this Lease as to all 29 liability accruing hereunder from and after the effective date of such assignment and shall be and 30 remain liable jointly and severally with Tenant for the payment of the Fixed Rent and additional rent 31 due hereunder from and after the effective date of such assignment and for the due performance of all 32 the terms, covenants, conditions and agreements herein contained on Tenant's ’s part to be performed 33 for the term of this Lease Term from and after the effective date of such assignment. No assignment and (b) no assignment shall 34 be effective unless Tenant shall promptly deliver to Landlord a duplicate original of the instrument of 35 assignment, in form reasonably satisfactory to Landlord, containing a covenant of assumption by the 36 assignee of all of the obligations aforesaid and shall obtain from Landlord the aforesaid written 37 consent prior thereto. If this Lease shall be assigned, or if the Premises (or a portion thereof) shall be sublet or occupied by any person or persons other than Tenant, no such assignment or sublease shall be deemed a waiver of 38 the covenants in this Article, nor shall it be deemed a release of Tenant from the full performance by 39 Tenant of all the terms, conditions and covenants of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Olo Inc.)

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Assignments of this Lease. Each Except as otherwise expressly provided in Section 8.06(4) hereof, (a) each permitted assignee that is approved by Landlord 28 pursuant to this Article VIII shall assume, and be deemed to have assumed, this Lease as to all 29 liability accruing hereunder from and after the effective date of such assignment and shall be and 30 remain liable jointly and severally with Tenant for the payment of the Fixed Rent and additional rent 31 due hereunder from and after the effective date of such assignment and for the due performance of all 32 the terms, covenants, conditions and agreements herein contained on Tenant's part to be performed 33 for the term of this Lease Term from and after the effective date of such assignment. No assignment and (b) no assignment shall 34 be effective unless Tenant shall promptly deliver to Landlord a duplicate original of the instrument of 35 assignment, in form reasonably satisfactory to Landlord, containing a covenant of assumption by the 36 assignee of all of the obligations aforesaid and shall obtain from Landlord the aforesaid written 37 consent prior thereto. If this Lease shall be assigned, or if the Premises shall be sublet or occupied by any person or persons other than Tenant, no such assignment or sublease shall be deemed a waiver of 38 the covenants in this Article, nor shall it be deemed a release of Tenant from the full performance by 39 Tenant of all the terms, conditions and covenants of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Progenics Pharmaceuticals Inc)

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