Common use of Associated Companies Clause in Contracts

Associated Companies. The Tenant may share the occupation of the whole or any part of the Property with a company which is a member of the same group as the Tenant (within the meaning of section 42 of the Landlord and Tenant Act 1954) for so long as both companies remain members of that group and provided that: (a) no relationship of landlord and tenant is created between the two companies and no security of tenure is conferred upon the occupier; and (b) within 15 Business Days of the commencement of the sharing the Tenant gives to the Landlord notice of the company sharing occupation and the address of its registered office.

Appears in 3 contracts

Samples: Lease (Glu Mobile Inc), Lease Renewal Deed (Niagara Corp), Lease (Niagara Corp)

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Associated Companies. The Tenant may share the occupation of the whole or any part of the Property with a company which is a member of the same group as the Tenant (within the meaning of section 42 of the Landlord and Tenant Act 1954) for so long as both companies remain members of that group and provided that: (a) no relationship of landlord and tenant is created between the two companies and no security of tenure is conferred upon the occupier; and (b) within 15 Business Days of the commencement of the sharing the Tenant gives to the Landlord notice of the company sharing occupation and the address of its registered office.

Appears in 1 contract

Samples: Agreement for Lease (Exodus Communications Inc)

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