Common use of Criteria for Withholding Consent Clause in Contracts

Criteria for Withholding Consent. The consent of Lessor to a transfer may not be unreasonably withheld, conditioned or delayed, provided that should Lessor withhold its consent for any of the following reasons, which list is not exclusive, such withholding shall be deemed to be reasonable: (a) Financial strength of the proposed transferee is not at least equal to that of Lessee at the time of execution of this Lease or of lessees occupying comparable premises in the Office Complex or in other buildings owned or operated by Lessor located in the same metropolitan area as the Office Complex; (b) A proposed transferee whose occupation of the Premises would cause a diminution in the reputation of the Office Complex or the other businesses located therein; (c) A proposed transferee whose occupancy will require any material variation in the terms and conditions of this Lease. Lessee agrees that its personal business skills and philosophy were an important inducement to Lessor for entering into this Lease and that Lessor may reasonably object to the transfer of the Premises to another whose proposed use, while permitted by this Lease, would involve a different, quality, manner or type of business skills than that of Lessee.

Criteria for Withholding Consent. The consent of Lessor to a transfer may not be unreasonably withheld, conditioned or delayed, provided that should Lessor withhold its consent for any of the following reasons, which list is not exclusive, such withholding shall be deemed to be reasonable: (a) Financial strength of the proposed transferee is not at least equal to that of Lessee at the time of execution of this Lease or of lessees occupying comparable premises in the Office Complex or in other buildings owned or operated by Lessor located in the same metropolitan area as the Office Complex; (b) A proposed transferee whose occupation of the Premises would cause a diminution in the reputation of the Office Complex or the other businesses located therein; (c) A proposed transferee whose occupancy will require any material variation in the terms and conditions of this Lease. Lessee agrees that its personal business skills and philosophy philosophy,were an important inducement to Lessor for entering into this Lease and that Lessor may reasonably object to the transfer of the Premises to another whose proposed use, while permitted by this Lease, would involve a different, quality, manner or type of business skills than that of Lessee.