Common use of Exempt Sublets Clause in Contracts

Exempt Sublets. Notwithstanding the above, Landlord’s prior written consent shall not be required for a Sublet to (i) an entity that controls, is controlled by, or is under common control with, Tenant, or (ii) an entity resulting from a merger with, consolidation or other corporate reorganization of Tenant, if Tenant gives Landlord prior written notice of the name of any such Subtenant and, in the event of an assignment, the assignee assumes, in writing, for the benefit of Landlord all of Tenant’s obligations under this Lease. An assignment or other transfer of this Lease to a purchaser of all or substantially all of the assets of Tenant shall be deemed a Sublet requiring Landlord’s prior written consent.

Appears in 2 contracts

Samples: Lease (Pasw Inc), Lease (VirnetX Holding Corp)

AutoNDA by SimpleDocs

Exempt Sublets. Notwithstanding the above, Landlord’s Xxxxxxxx's prior written consent shall not be required for a Sublet sublet an assignment of this Lease to (i) an entity that controlsa subsidiary, is controlled byaffiliate, joint venture or is under common control with, parent corporation of Tenant, or (ii) an entity resulting from a merger with, consolidation corporation into which Tenant merges or other corporate reorganization of Tenantconsolidates, if Tenant gives Landlord prior written notice of the name of any such Subtenant andassignee, in the event of an assignment, and if the assignee assumes, in writing, for the benefit of Landlord all of Tenant’s 's obligations under this the Lease. An assignment or other transfer of this Lease to a purchaser of all or substantially all of the assets of Tenant shall be deemed a Sublet requiring Landlord’s 's prior written consent.

Appears in 1 contract

Samples: Termination Agreement (Utstarcom Inc)

Exempt Sublets. Notwithstanding the above, Landlord’s 's prior -------------- written consent shall not be required for an assignment of this Lease to a Sublet to (i) an entity that controlssubsidiary, is controlled by, affiliate or is under common control with, parent corporation of Tenant, or (ii) an entity resulting from a merger with, consolidation corporation into which Tenant merges or other corporate reorganization of Tenantconsolidates, if Tenant gives Landlord prior written notice of the name of any such Subtenant andassignee, in the event of an assignment, and if the assignee assumes, in writing, for the benefit of Landlord all of Tenant’s 's obligations under this the Lease. An assignment or other transfer of this Lease to a purchaser of all or substantially all of the assets of Tenant shall be deemed a Sublet requiring Landlord’s 's prior written consent.

Appears in 1 contract

Samples: Tvia Inc

Exempt Sublets. Notwithstanding the above, Landlord’s 's prior written consent shall not be required for an assignment of this Lease to a Sublet to (i) an entity that controlssubsidiary, is controlled by, affiliate or is under common control with, parent corporation of Tenant, or (ii) an entity resulting from a merger with, consolidation corporation into which Tenant merges or other corporate reorganization of Tenantconsolidates, if Tenant gives Landlord prior written notice of the name of any such Subtenant andassignee, in the event of an assignment, and if the assignee assumes, in writing, for the benefit of Landlord all of Tenant’s 's obligations under this the Lease. An assignment or other transfer of this Lease to a purchaser of all or substantially all of the assets of Tenant shall be deemed a Sublet requiring Landlord’s 's prior written consent.

Appears in 1 contract

Samples: Lease (Storage Dimensions Inc)

Exempt Sublets. Notwithstanding the above, Landlord’s 's prior written consent shall not be required for an assignment of this Lease to a Sublet to (i) an entity that controlssubsidiary, is controlled by, affiliate or is under common control with, parent corporation of Tenant, or (ii) an entity resulting from a merger with, consolidation corporation into which Tenant merges or other corporate reorganization of Tenantconsolidates, if Tenant gives Landlord prior written notice of the name of any such Subtenant andassignee, in the event of an assignment, and if the assignee assumes, in writing, for the benefit of Landlord all of Tenant’s 's obligations under this the Lease. An assignment or other transfer of this Lease to a purchaser of all or substantially all of the assets of Tenant shall be deemed a Sublet requiring Landlord’s 's prior written consent.

Appears in 1 contract

Samples: Lease (Outsourcing Solutions Inc)

AutoNDA by SimpleDocs

Exempt Sublets. Notwithstanding the above, Landlord’s 's prior written consent shall not be required for an assignment of this Lease to a Sublet to (i) an entity that controlssubsidiary, is controlled by, affiliate or is under common control with, parent corporation of Tenant, or (ii) an entity resulting from a merger with, consolidation corporation into which Tenant merges or other corporate reorganization of Tenantconsolidates, if Tenant gives Landlord prior written notice of the name of any such Subtenant andassignee, in the event of an assignment, and if the assignee assumes, in writing, for the benefit of Landlord all of Tenant’s 's obligations under this the Lease. An assignment or other transfer of this Lease to a purchaser of all or substantially all of the assets of Tenant shall be deemed a Sublet requiring Landlord’s 's prior written consent. Such assignment shall not relieve Tenant of any obligations under this Lease.

Appears in 1 contract

Samples: Office Lease (Shrena Software Inc)

Exempt Sublets. Notwithstanding the above, Landlord’s 's prior written consent shall not be required for an assignment of this Lease to a Sublet to subsidiary, affiliate or parent corporation of Tenant, or a corporation into which Tenant merges or consolidates, provided that (i) an entity that controls, is controlled by, or is under common control with, Tenant, or (ii) an entity resulting from a merger with, consolidation or other corporate reorganization of Tenant, if Tenant gives Landlord prior written notice of the name of any such Subtenant and, in assignee; (ii) at the event time of an such assignment, the assignee has a net worth that is equal to or greater than the net worth of Tenant immediately prior to such assignment; and (iii) the assignee assumes, in writing, for the benefit of Landlord all of Tenant’s 's obligations under this the Lease. An assignment or other transfer of this Lease to a purchaser of all or substantially all of the assets of Tenant shall be deemed a Sublet requiring Landlord’s 's prior written consent.

Appears in 1 contract

Samples: Lease (Cruel World Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.