Landlord’s Right of Cancellation. Notwithstanding anything contained herein to the contrary, should Tenant desire to assign the Lease or sublease the Premises, Landlord shall have the right, but not the obligation, to cancel or terminate the Lease and deal with Tenant’s prospective assignee or sublessee directly and without any obligation to Tenant. In this event, Tenant’s obligations to Landlord under this Lease shall terminate.
Appears in 4 contracts
Samples: Lease Agreement (Cleartronic, Inc.), Lease Agreement (Cleartronic, Inc.), Lease Agreement (Cleartronic, Inc.)
Landlord’s Right of Cancellation. Notwithstanding anything contained herein to the contrary, should Tenant desire to assign the Lease or sublease the Premises, and Landlord’s consent is required, Landlord shall have the right, but not the obligation, to cancel or and terminate the Lease and deal with Tenant’s Xxxxxx's prospective assignee or sublessee directly and without any obligation to Tenant. In this event, Tenant’s obligations to Landlord under this Lease shall terminate.
Appears in 1 contract
Samples: Lease Agreement
Landlord’s Right of Cancellation. Notwithstanding anything contained herein to the contrary, should Tenant desire to assign the Lease or sublease the Premises, Landlord shall have the right, but not the obligation, to cancel or terminate the Lease and deal with Tenant’s 's prospective assignee or sublessee directly and without any obligation to Tenant. In this event, Tenant’s 's future obligations to Landlord under this Lease shall terminateterminate in accordance with Landlord's written exercise of such light.
Appears in 1 contract
Samples: Lease Agreement (Bright Mountain Holdings, Inc./Fl)
Landlord’s Right of Cancellation. Notwithstanding anything contained herein to the contrary, should Tenant desire to assign the Lease or sublease the Premises, Landlord shall have the right, but not the obligation, to cancel or and terminate the Lease and deal with Tenant’s 's prospective assignee or sublessee directly and without any obligation to Tenant. In this event, Tenant’s obligations The foregoing shall not apply to Landlord under this Lease shall terminatean assignment or sublease as permitted pursuant to the last sentence of Section 12.1(a).
Appears in 1 contract
Samples: Lease Agreement (Ursus Telecom Corp)