Common use of Compliance Required Clause in Contracts

Compliance Required. Tenant shall not, directly or indirectly, voluntary or by operation of law, sell, assign or otherwise transfer this Lease, or any interest herein (collectively, “assign” or “assignment”), or sublet the Premises, or any part thereof, or permit the occupancy of the Premises by any person other than Tenant (collectively, “sublease” or “subletting”, the assignee or sublessee under an assignment or sublease being referred to as a “transferee”), without Landlord’s prior consent given or withheld in accordance with the express standards and conditions of this Article 17 and compliance with the other provisions of this Article 17. Any assignment or subletting made in violation of this Article 17, shall be void. As used herein, an “assignment” includes any sale or other transfer (such as by consolidation, merger or reorganization) of a majority of the voting stock of Tenant, if Tenant is a corporation (other than a corporation publicly traded on The New York Stock Exchange or NASDAQ or similar exchange), or any sale or other transfer of a majority of the beneficial interest in Tenant, if Tenant is any other form of entity. Xxxxxx acknowledges and agrees that the limitations on Xxxxxx’s right to sublet or assign which are set forth in this Article 17 are reasonable and, in particular, that the express standards and conditions upon Xxxxxx’s right to assign or sublet which are set forth in this Article 17 are reasonable as of the Lease Date.

Compliance Required. Tenant shall not, directly or indirectly, voluntary or by operation of law, sell, assign or otherwise transfer this Lease, or any interest herein (collectively, “assign” or “assignment”), or sublet the Premises, or any part thereof, or permit the occupancy of the Premises by any person other than Tenant (collectively, “sublease” or “subletting”, the assignee or sublessee under an assignment or sublease being referred to as a “transferee”), without Landlord’s and (to the extent required) Master Landlord’s prior consent given or withheld in accordance with the express standards and conditions of this Article 17 and in the Master Lease and compliance with the other provisions of this Article 17. Any assignment or subletting made in violation of this Article 17, 17 shall be void. As used herein, an “assignment” includes any sale or other transfer (such as by consolidation, merger or reorganization) of a majority of the voting stock of Tenant, if Tenant is a corporation (other than a corporation publicly traded on the The New York Stock Exchange or NASDAQ or similar exchange), or any sale or other transfer of a majority of the beneficial interest in Tenant, if Tenant is any other form of entity. Xxxxxx Tenant acknowledges and agrees that the limitations on XxxxxxTenant’s right to sublet or assign which are set forth in this Article 17 and in the Master Lease are reasonable and, in particular, that the express standards and conditions upon XxxxxxTenant’s right to assign or sublet which are set forth in this Article 17 are reasonable as of the Lease Date.

Compliance Required. Tenant shall not, directly or indirectly, voluntary or by operation of law, sell, assign or otherwise transfer this Lease, or any interest herein (collectively, “assign” or “assignment”), or sublet the Premises, or any part thereof, or permit the occupancy of the Premises by any person other than Tenant (collectively, “sublease” or “subletting”, the assignee or sublessee under an assignment or sublease being referred to as a “transferee”), without Landlord’s prior consent given or withheld in accordance with the express standards and conditions of this Article 17 and compliance with the other provisions of this Article 17. Any assignment or subletting made in violation of this Article 17, 17 shall be void. As used herein, an “assignment” includes any sale or other transfer (such as by consolidation, merger or reorganization) of a majority of the voting stock of Tenant, if Tenant is a corporation (other than a corporation publicly traded on The New York Stock Exchange or NASDAQ or similar exchange), or any sale or other transfer of a majority of the beneficial interest in Tenant, if Tenant is any other form of entity. Xxxxxx Tenant acknowledges and agrees that the limitations on XxxxxxTenant’s right to sublet or assign which are set forth in this Article 17 are reasonable and, in particular, that the express standards and conditions upon XxxxxxTenant’s right to assign or sublet which are set forth in this Article 17 are reasonable as of the Lease Date.

Compliance Required. Tenant shall not, directly or indirectly, voluntary or by operation of law, sell, assign or otherwise transfer this Lease, or any interest herein (collectively, “assign” or “assignment”), or sublet the Premises, or any part thereof, or permit the occupancy of the Premises by any person other than Tenant (collectively, “sublease” or “subletting”, the assignee or sublessee under an assignment or sublease being referred to as a “transferee”), without Landlord’s prior consent given or withheld in accordance with the express standards and conditions of this Article 17 and compliance with the other provisions of this Article 17. Any assignment or subletting made in violation of this Article 17, 17 shall be void. As used herein, an “assignment” includes any sale or other transfer (such as by consolidation, merger or reorganization) of a majority of the voting stock of TenantTenant (excepting the sale of stock in a public offering conducted through a nationally recognized exchange), if Tenant is a corporation (other than a corporation publicly traded on The New York Stock Exchange or NASDAQ or similar exchange)corporation, or any sale or other transfer of a majority of the beneficial interest in Tenant, if Tenant is any other form of entity, but excluding any issuance of new stock by Tenant. Xxxxxx Tenant acknowledges and agrees that the limitations on Xxxxxx’s right to sublet or assign which are set forth assignment and subletting contained in this Article 17 are reasonable andexpressly authorized by California Civil Code Section 1995.010 et seq., in particular, that the express standards and conditions upon Xxxxxx’s right to assign or sublet which are set forth in this Article 17 are reasonable as of the Lease Datefully enforceable.

Compliance Required. Tenant shall not, directly or indirectly, voluntary or by operation of law, sell, assign or otherwise transfer this Lease, or any interest herein (collectively, “"assign” " or “"assignment”"), or sublet the Premises, or any part thereof, or permit the occupancy of the Premises by any person other than Tenant (collectively, “"sublease” " or “"subletting”", the assignee or sublessee under an assignment or sublease being referred to as a “"transferee”"), without Landlord’s prior Landxxxx'x xrior consent given or withheld in accordance with the express standards and conditions of this Article 17 and compliance with the other provisions of this Article 17. Any assignment or subletting made in violation of this Article 17, 17 shall be void. As used herein, an “"assignment” " includes any sale or other transfer (such as by consolidation, merger or reorganization) of a majority of the voting stock of Tenant, if Tenant is a corporation (other than a corporation publicly traded on The New York Stock Exchange or NASDAQ or similar exchange)corporation, or any sale or other transfer of a majority of the beneficial interest in Tenant, if Tenant is any other form of entity. Xxxxxx acknowledges Tenaxx xxxnowledges and agrees that the limitations on Xxxxxx’s right Tenaxx'x xight to sublet or assign which are set forth in this Article 17 are reasonable and, in particular, that the express standards and conditions upon Xxxxxx’s right Tenaxx'x xight to assign or sublet which are set forth in this Article 17 are reasonable as of the Lease Date.