Consent by Sublandlord Sample Clauses

Consent by Sublandlord. Whenever Sublandlord's consent or approval is required under this Sublease, such consent or approval may be withheld at Sublandlord's sole discretion, except as otherwise expressly provided in this Sublease.
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Consent by Sublandlord. (a) Sublandlord shall not be required to consider a request for consent to a proposed sublease or assignment unless and until Sublandlord shall have received from Subtenant a written request for Sublandlord's consent to such proposed transfer in accordance with this Section (a "Consent Request"), specifying the conditions for the proposed transfer. Each Consent Request shall include (i) a conformed or photostatic copy of the proposed assignment or sublease, (ii) a statement setting forth in reasonable detail the identity of the proposed assignee or subtenant and the nature of its business, (iii) current financial information with respect to the proposed assignee or subtenant, including, without limitation, its most recent financial report, and (iv) Subtenant's calculation of the annualized rental equivalent or effective assignment price, as the case may be, for the proposed transfer. Provided that all of the foregoing conditions are satisfied and Subtenant is not then in default hereunder beyond any applicable notice and cure period, Sublandlord agrees to act reasonably (subject to the terms of Section 19.6(b)) in considering any such Consent Request. In all other cases, Sublandlord may permit or prohibit any proposed transfer in its absolute and unfettered judgment. If Sublandlord consents to a proposed transfer and it is not actually consummated within 60 days after such consent is given, then such consent shall be of no further force or effect, and Subtenant must submit a new Consent Request to Sublandlord.
Sample 1
Consent by Sublandlord. Except as specifically provided in this Article 27, Subtenant may not assign, sublet, hypothecate, encumber its leasehold interest, or allow a third party to use the Sublease Premises without the express written consent of Sublandlord, which consent shall not be unreasonably withheld or delayed. In the event Subtenant desires to assign this Sublease or any interest therein including, without limitation, a pledge, mortgage or other hypothecation, or sublet the Sublease Premises or any part thereof, Subtenant shall deliver to Sublandlord copies of any such proposed agreement and of all ancillary agreements with the proposed assignee or subtenant, financial statements, and any additional information as reasonably required by Sublandlord to determine whether it will consent to the proposed assignment or sublease. The notice shall give the name and current address of the proposed assignee/subtenant, proposed use of the Sublease Premises, rental rate and current financial statement (if available); and upon request to Subtenant, Sublandlord shall be given additional information as reasonably required by Sublandlord to determine whether it will consent to the proposed assignment or sublease. Sublandlord shall then have a period of ten (10) days following receipt of the foregoing agreement, statements and additional information within which to Sublandlord's prior consent shall not be required for (i) any sub-sublease of Subtenant's interest in the Sublease to Meridian Data, Inc. (in the event Quantum Corporation's planned acquisition of Meridian Data, Inc. does not take place); or (ii) any assignment, sublease or other transfer of Subtenant's interest in the Sublease Premises or the Sublease to any other corporation with which Subtenant may merge or consolidate or become affiliated as a parent, subsidiary, holding company or otherwise, or to an entity in which Subtenant has a controlling interest; provided that Subtenant will not be released from liability unless Sublandlord agrees to release Subtenant. However, Subtenant shall give Sublandlord prior notice of any such assignment, sublease or other transfer of Subtenant's interest. A subsequent public offering and sale of stock in Subtenant's business, or a transfer of any amount of Subtenant's stock shall not constitute an assignment of the Sublease.
Sample 1

Related to Consent by Sublandlord

  • Assignment by Landlord Landlord shall have the right to transfer and assign, in whole or in part, all its rights and obligations hereunder, in the Premises, and in such event and upon such transfer no further liability or obligation shall thereafter accrue against Landlord hereunder.

  • ASSIGNMENT BY LESSOR The terms and conditions of each Schedule have been fixed by Lessor in order to permit Lessor to sell and/or assign or transfer its interest or grant a security interest in each Schedule and/or the Equipment to a Secured Party or Assignee. In that event, the term Lessor will mean the Assignee and any Secured Party. However, any assignment, sale, or other transfer by Lessor will not relieve Lessor of its obligations to Lessee and will not materially change Lessee's duties or materially increase the burdens or risks imposed on Lessee. The Lessee consents to and will acknowledge such assignments in a written notice given to Lessee. Lessee also agrees that:

  • Assignment by Lessee Lessee may transfer or assign its rights and obligations under this Agreement without the consent of Operator but shall deliver to Operator written notice of such transfer or assignment not less than ten (10) days prior to the effective date thereof; provided, however, in the event of the assignment of this Agreement to a party that is not an Affiliate, Operator shall have the right to terminate this Agreement within 15 days after receipt of written notice of such assignment, which termination will be effective within 30 days of Lessee’s receipt of such termination notice. Any transfer or assignment of this Agreement by Lessee shall include an express assumption by the transferee or assignee of Lessee’s obligations hereunder. Nothing herein shall be deemed to require Lessee to assign or attempt to assign this Agreement to any third party, including any buyer of a Hotel.

  • Payment by Tenant Tenant shall pay to Landlord, within fifteen (15) days after delivery by Landlord to Tenant of statements therefor: (i) sums equal to expenditures reasonably made and obligations incurred by Landlord in connection with Landlord’s performance or cure of any of Tenant’s obligations pursuant to the provisions of Section 19.2.3 above; and (ii) sums equal to all expenditures made and obligations incurred by Landlord in collecting or attempting to collect the Rent or in enforcing or attempting to enforce any rights of Landlord under this Lease or pursuant to law, including, without limitation, all legal fees and other amounts so expended. Tenant’s obligations under this Section 19.3 shall survive the expiration or sooner termination of the Lease Term.

  • Assignment by Owner 51 Section 12.11

  • Assignment by Seller The Seller shall have the right, upon notice to but without the consent of the Servicer, to assign, in whole or in part (but exclusive of the Servicer’s rights and obligations as owner of the servicing rights relating to the Mortgage Loans), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement. All references to the Seller in this Agreement shall be deemed to include its assignee or designee and any subsequent assignee or designee, specifically including the Trustee.

  • Assignment by Members No Member shall sell, assign or transfer, or offer to sell, assign or transfer or otherwise Dispose of all or any part of such Member’s Units or other interests in the Company (whether voluntarily or involuntarily) without the prior written consent of the Majority Members.

  • Assignment by Purchaser The Purchaser shall have the right, without the consent of the Company but subject to the limit set forth in Section 2.02 hereof, to assign, in whole or in part, its interest under this Agreement with respect to some or all of the Mortgage Loans, and designate any person to exercise any rights of the Purchaser hereunder, by executing an Assignment and Assumption Agreement and the assignee or designee shall accede to the rights and obligations hereunder of the Purchaser with respect to such Mortgage Loans. All references to the Purchaser in this Agreement shall be deemed to include its assignee or designee.

  • Alterations by Landlord Landlord may from time to time:

  • Landlord’s Consent to Alterations Tenant may not make any improvements, alterations, additions or changes to the Premises (collectively, the “Alterations”) without first procuring the prior written consent of Landlord to such Alterations, which consent shall be requested by Tenant not less than fifteen (15) days prior to the commencement thereof, and which consent shall not be unreasonably withheld, conditioned or delayed by Landlord; provided, however, Landlord may withhold its consent in its sole and absolute discretion with respect to any Alterations which may adversely affect the structural components of the Building or the Systems and Equipment in more than a de minimis manner (e.g., the mere tying into Systems shall not be subject to the sole discretion standard) or which can be seen from outside the Building. Tenant shall pay (i) for Alterations performed by Tenant, Landlord’s reasonable third-party costs incurred in connection with reviewing such Alterations, and (ii) for Alterations for which Tenant has engaged Landlord to supervise and Landlord’s contractors to perform, a supervision fee of two and one-half percent (2.5%) of the total cost of such Alteration (for the avoidance of doubt, the foregoing supervisory fee shall not be due or payable in connection with the Tenant Improvements and the Vivarium improvements and no supervisory fee shall be due or payable in connection with any capital improvements performed by Landlord). Notwithstanding the foregoing, no Landlord approval shall be required (provided advance notice shall be provided to Landlord) for (a) installation, removal or realignment of furniture systems not involving any modifications to the structure or connections (other than by ordinary plugs or jacks) to the Systems, (b) Alterations which could not reasonably be expected to affect the structural components of the Building or the Systems and Equipment and which cost less than $150,000 for any one (1) job and no more than $300,000 in the aggregate in any calendar year during the Lease Term (excluding any costs for painting, carpeting, and similar purely cosmetic work), (c) Alterations which do not require a building permit, and (d) merely cosmetic work (such as painting and carpeting). The construction of the initial improvements to the Premises shall be governed by the terms of the Tenant Work Letter and not the terms of this Article 8.

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