Conditions of Assignment or Sublease. All restrictions and obligations imposed pursuant to this Lease on Tenant shall be deemed to extend to any subtenant, assignee, licensee, concessionaire or other occupant or transferee, and Tenant shall cause such person to comply with such restrictions and obligations. Any assignee shall be deemed to have assumed obligations as if such assignee had originally executed this Lease and at Landlord's request shall execute promptly a document confirming such assumption. Each sublease is subject to the condition that if the Term is terminated or Landlord succeeds to Tenant's interest in the Premises by voluntary surrender or otherwise, at Landlord's sole option, the subtenant shall be bound to Landlord for the balance of the term of such sublease and shall attorn to and recognize Landlord as its landlord under the then executory terms of such sublease or, at Landlord's sole option, the subtenant shall execute a direct lease with Landlord on Landlord's then current standard form.
Conditions of Assignment or Sublease. All restrictions and obligations imposed pursuant to this Lease on Tenant shall be deemed to extend to any subtenant, assignee, licensee, concessionaire or other occupant or transferee, and Tenant shall cause such person to comply with such restrictions and obligations as to the Premises and the Building in the event of an assignment and as to the subleased space and the Building in the event of a sublease. Any assignee shall be deemed to have assumed obligations as if such assignee had originally executed this Lease and at Xxxxxxxx’s request shall execute promptly all reasonable documents confirming such assumption. Each sublease is subject to the condition that if the Term is terminated or Landlord succeeds to Tenant’s interest in the Premises by voluntary surrender or otherwise, at Landlord’s sole option, the subtenant shall be bound to Landlord for the balance of the term of such sublease and shall attorn to and recognize Landlord as its landlord under the then executory terms of such sublease or, at Landlord’s sole option, the sublease shall be deemed terminated.
Conditions of Assignment or Sublease. It shall be a condition of the City’s approval to any conveyance that all provisions in this Lease shall apply with equal force and effect to the conveyance and shall be incorporated into such agreement. All conveyances by Xxxxxx are also subject to the following conditions:
Conditions of Assignment or Sublease. All restrictions and obligations imposed pursuant to this Lease on Tenant shall, to the extent accruing from and after the effective date of the subject assignment, be deemed to extend to any assignee and Tenant shall cause such person to comply with such restrictions and obligations, except to the extent Tenant is relieved from liability for obligations under this Lease pursuant to this Section 23. Any assignee shall be deemed to have assumed all the obligations of Tenant under this Lease to the extent accruing from and after the effective date of the subject assignment, and at Landlord’s request shall execute promptly a document confirming such assumption. In the event an assignee of Tenant’s interest in this Lease shall have a net worth which is equal to or exceeds the net worth of Tenant existing as of the date of this Lease, as reflected in financial statements of such assignee prepared by an independent certified public accountant in accordance with generally accepted accounting principles and delivered to Landlord, then Tenant shall be relieved from all liability under this Lease to the extent the assignee assumes liability for the same in writing delivered to Landlord. Each sublease is subject to the condition that if the Term is terminated or Landlord succeeds to Tenant’s interest in the Premises by voluntary surrender or otherwise, at Landlord’s sole option exercised by the delivery of notice by Landlord to the subject subtenant within ten (10) business days after the Term is terminated, the subtenant shall be bound to Landlord for the balance of the term of such sublease and shall attorn to and recognize Landlord as its landlord under the then executory terms of such sublease.
Conditions of Assignment or Sublease. If Tenant desires to assign or sublet all or any part of the Leased Premises to an unaffiliated entity, Tenant shall provide written notice Landlord at least fifteen (15) days in advance of the date on which Tenant desires to make such assignment or sublease. Tenant shall provide a copy of the letter of intent or proposed assignment or sublease and such other information as Landlord may reasonably request concerning the proposed subtenant or assignee to make informed judgments about the financial condition, reputation, operations and general desirability of such proposed subtenant or assignee. Within fifteen days (15) days of Landlord’s receipt of Tenant’s notice of proposed assignment or sublease, Landlord shall provide Tenant with notice in writing of either (a) its consent to such proposed assignment or sublease or (b) its refusal to consent to such proposed assignment or sublease. If the rent, bonus, or any other consideration due and payable by any assignee or subtenant under any such permitted assignment, after Tenant first recoups its out of pocket leasing costs in connection with the assignment or sublease, exceeds the Rent payable under this lease for such space, Tenant shall pay to Landlord fifty percent (50%) of all such excess rent, bonus and other excess consideration within ten (10) days following receipt thereof by Tenant.”
Conditions of Assignment or Sublease. If Tenant desires to assign this Lease or sublet all or any part of the Premises (other than in accordance with Section 9.2(b)), it shall so notify Landlord at least thirty (30) days in advance of the date on which Tenant desires to make such assignment or sublease. Tenant agrees to pay to Landlord within fifteen (15) business days Landlord’s then standard processing fee and shall reimburse Landlord for all reasonable legal fees incurred in connection with Tenant’s request, not to exceed $1,000.00 (for the standard processing fee and legal fees combined), computed in Constant Dollars. As used herein, “Constant Dollars” shall mean the value of the U.S. dollar to which such phrase refers, as adjusted from time to time. An adjustment shall occur on January 1 of the first calendar year following the Commencement Date, and on each January 1 thereafter (each January 1 being an “Adjustment Date”). Constant Dollars shall be determined by multiplying the dollar amount to be adjusted by a fraction, the numerator of which is the Current Index Number and the denominator of which is the Base Index Number. The “Base Index Number” shall be the level of the Index published closest, but prior to, the Commencement Date; the “Current Index Number” shall be the level of the Index published closest, but prior to, the then applicable Adjustment Date; the “Index” shall be the Consumer Price Index for All Urban Consumers as of the Adjustment Date, published by the Bureau of Labor Statistics of the United States Department of Labor for U.S. City Average, All Items (1982-84=100), or any successor index thereto as hereinafter provided. If publication of the Index is discontinued, or if the basis of calculating the Index is materially changed, then Landlord shall substitute for the Index comparable statistics as computed by an agency of the United States Government or, if none, by a substantial and responsible periodical or publication of recognized authority most closely approximating the result which would have been achieved by the Index. Tenant shall provide Landlord with a copy of the proposed assignment or sublease and such information as Landlord reasonably requests concerning the proposed subtenant or assignee to allow Landlord to make an informed judgment as to the financial condition, reputation, operations and general desirability of the proposed subtenant or assignee. Within fifteen (15) business days after Landlord’s receipt of Tenant’s proposed assignment or sublease and...
Conditions of Assignment or Sublease. If Landlord consents to any Sublease or Assignment as set forth in Section 12.3(b):
