Exception for Affiliates Sample Clauses
The "Exception for Affiliates" clause defines circumstances under which certain obligations or restrictions in an agreement do not apply to the affiliates of a party. In practice, this means that while the main party is bound by specific terms, its subsidiaries, parent companies, or related entities may be exempt from those same requirements. For example, confidentiality or non-compete obligations might not extend to affiliates, allowing them to operate independently. This clause is primarily used to prevent undue burden on a party’s broader corporate group and to clarify the scope of contractual obligations.
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Exception for Affiliates. (i) Notwithstanding anything to the contrary in Section 8.1, Tenant, without Landlord's consent, may (a) sublet all or any part of the Premises or any Additional Equipment to an Affiliate, or (b) assign this Lease to an Affiliate whose net worth as of the effective date of the assignment is equal to or greater than the net worth of Tenant as of the Commencement Date. Tenant shall notify Landlord of an assignment or sublet effectuated under this Section, and the form of any sublease or assignment of lease shall be subject to Landlord's reasonable approval.
(ii) Tenant shall indemnify, defend and hold Landlord harmless from and against all claims, damages, losses, and expenses of any kind (including reasonable attorneys' fees) permitted by law that may be incurred by Landlord or that Landlord shall suffer as a result of the use of the Premises or any Additional Equipment by any Affiliates or their Agents; provided, however, that this indemnity shall not apply to the extent that such claims, damages, losses or expenses are directly caused by the gross negligence or willful misconduct of Landlord or its Agents.
Exception for Affiliates. Notwithstanding anything to the contrary contained in this Paragraph 29, Tenant may upon prior written notice to Landlord, but without Landlord’s prior written consent, assign or sublease the Premises to a corporation or other entity that shall directly or indirectly control, be controlled by or be under common control with Tenant (“Affiliates”), provided that no default by Tenant under this Lease exists beyond any applicable notice and cure period.