Common use of Landlord’s Right to Space Clause in Contracts

Landlord’s Right to Space. Txxxxx acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the Building, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant in the Project, (iv) the proposed transfer would violate any “exclusive” rights of any tenants in the Project, (v) Landlord or Lxxxxxxx’s agent has shown space in the Building to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s agent concerning availability of space in the Building, at any time within the preceding nine months, or (vi) Landlord otherwise determines that the proposed Transfer would have the effect of decreasing the value of the Building or increasing the expenses associated with operating, maintaining and repairing the Property. Lxxxxxxx’s initials Tenant’s initials

Appears in 2 contracts

Samples: Lease Agreement (Sagimet Biosciences Inc.), Lease Agreement (Sagimet Biosciences Inc.)

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Landlord’s Right to Space. Txxxxx Tenant acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the Building, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant in the Project, (iv) the proposed transfer would violate any “exclusive” rights of any tenants in the Project, (v) Landlord or LxxxxxxxLandlord’s agent has shown space in the Building to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s agent concerning availability of space in the Building, at any time within the preceding nine months, or (vi) Landlord otherwise determines that the proposed Transfer would have the effect of decreasing the value of the Building or increasing the expenses associated with operating, maintaining and repairing the Property. LxxxxxxxLandlord’s initials Tenant’s initials

Appears in 2 contracts

Samples: Lease Agreement (Sagimet Biosciences Inc.), Lease Agreement (Sagimet Biosciences Inc.)

Landlord’s Right to Space. Txxxxx Tenant acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or subletthat is the subject of such Transfer, (ii) Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and or creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the BuildingPremises, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant in the Project, (iv) the proposed transfer Transfer would violate any “exclusive” rights of any tenants in the Project or any use restrictions governing the Project, (viv) Landlord or LxxxxxxxLandlord’s agent has shown space in the Building to the Proposed Transferee Transferee, or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s agent concerning availability of space in the Building, at any time within the preceding nine monthsmonths and space remains available within the Building which is substantially as large as the portion of the Premises contemplated to be occupied by the Proposed Transferee, or (viv) Landlord otherwise determines that the proposed Transfer would have the effect of decreasing the value of the Building or increasing the expenses associated with operating, maintaining and repairing the Property. Lxxxxxxx’s initials Tenant’s initialsIn no event may Tenant publicly offer or advertise all or any portion of the Premises for assignment or sublease at a rental less than that then sought by Landlord for a direct lease (non-sublease) of comparable space in the Project.

Appears in 1 contract

Samples: Lease Agreement (Ryland Group Inc)

Landlord’s Right to Space. Txxxxx Tenant acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and or creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the BuildingPremises, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant in the Projectunit, (iv) the proposed transfer Transfer would violate any “exclusive” rights of any tenants in the Project, (v) Landlord or LxxxxxxxLandlord’s agent has shown space in the Building Project to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s agent concerning availability of space in the BuildingProject, at any time within the preceding nine three (3)+ months, (vi) a proposed Transfer would violate any Encumbrance, (vii) any Mortgagee objects to the proposed Transfer, or (viviii) Landlord otherwise determines that the proposed Transfer would have the effect of decreasing the value of the Building Project or increasing the expenses associated with operating, maintaining and repairing the PropertyProject. Lxxxxxxx’s initials Tenant’s initialsIn no event may Tenant publicly offer or advertise all or any portion of the Premises for assignment or sublease at a rental less than eighty percent (80%) of that then sought by Landlord for a direct lease (non-sublease) of comparable space in the Project.

Appears in 1 contract

Samples: Lease Agreement (ArcSight Inc)

Landlord’s Right to Space. Txxxxx Tenant acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion Portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and or creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the BuildingTransferee, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant in the Project, (iv) the proposed transfer Transfer would violate any “exclusive” rights of any tenants in the Project, (v) Landlord or Lxxxxxxx’s Landlords agent has shown space in the Building to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Proposed. Transferee’s agent concerning availability of space in the Building, Building at any time within the preceding nine months, or (vi) Landlord otherwise determines that the proposed Transfer would have the die effect of decreasing the value of the Building or increasing the expenses associated with operating, maintaining and repairing the Property. Lxxxxxxx’s initials Tenant’s initialsIn no event may Tenant publicly offer or advertise all or any portion of the Premises for assignment or sublease at a rental less than that than sought by Landlord for a direct lease (non-sublease) of comparable epee in the Project.

Appears in 1 contract

Samples: Lease Agreement (BioElectronics Corp)

Landlord’s Right to Space. Txxxxx Tenant acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and or creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the BuildingPremises, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant or an affiliate of an existing tenant in the ProjectBuilding, (iv) the proposed transfer Transfer would violate any “exclusive” rights of any tenants in the ProjectBuilding, (v) Landlord or LxxxxxxxLandlord’s agent has shown space in the Building to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s agent concerning availability of space in the Building, at any time within the preceding nine months, or (vi) a proposed Transfer would violate any Encumbrance, (vii) any Mortgagee objects to the proposed Transfer, or (viii) Landlord otherwise reasonably determines that the proposed Transfer would have the effect of decreasing the value of the Building Property or increasing the expenses associated with operating, maintaining and repairing the Property. Lxxxxxxx’s initials Tenant’s initialsIn no event may Tenant publicly offer or advertise all or any portion of the Premises for assignment or sublease at a rental less than that then sought by Landlord for a direct lease (non-sublease) of comparable space in the Building.

Appears in 1 contract

Samples: Lease Agreement (Rockley Photonics Holdings LTD)

Landlord’s Right to Space. Txxxxx Tenant acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or sublet, (ii) based upon reasonable and credible evidence, Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and or creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the BuildingPremises, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant in the ProjectProject (provided Landlord has space in the Building available or becoming available within a reasonable amount of time to meet the existing tenant’s requirements), (iv) the proposed transfer Transfer would violate any “exclusive” rights of any tenants in the Project, (v) Landlord or LxxxxxxxLandlord’s agent has shown space in the Building to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s agent concerning availability of space in the Building, at any time within the preceding nine monthssix months and Landlord has space in the Building available or becoming available within a reasonable amount of time to reasonably meet the Proposed Transferee’s requirements, or (vi) Landlord otherwise determines that the proposed Transfer would have the effect of decreasing the value of the Building or increasing the expenses associated with operating, maintaining and repairing the Property. Lxxxxxxx’s initials In no event may Tenant’s initials, its employees, agents brokers publicly advertise or market (including without limitation, via any listing service) all or any portion of the Premises for assignment or sublease at a rental less than that then sought by Landlord for a direct lease (non-sublease) of comparable space in the Project that is available or becoming available within a reasonable amount of time.

Appears in 1 contract

Samples: Lease Agreement (Mocon Inc)

Landlord’s Right to Space. Txxxxx Tenant acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed Transferee’s 's business operating ability or history, reputation and or creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the BuildingPremises, (iii) the Proposed Transferee is a governmental agency or unit or unit, or, if Landlord has space available to accommodate such Proposed Transferee, an existing tenant in the Project, (iv) the proposed transfer Transfer would violate any "exclusive" rights of any tenants in the Project, (v) Landlord or Lxxxxxxx’s Landlord's agent has shown space in the Building to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s 's agent concerning availability of space in the Building, at any time within the preceding nine months, if Landlord has space available to accommodate such Proposed Transferee, or (vi) Landlord otherwise reasonably determines that the proposed Transfer would have the effect of decreasing the value of the Building or increasing the expenses associated with operating, maintaining and repairing the Property. Lxxxxxxx’s initials Tenant’s initialsIn no event may Tenant publicly advertise all or any portion of the Premises for assignment or sublease at a rental less than that then sought by Landlord for a direct lease (non-sublease) of comparable space in the Project.

Appears in 1 contract

Samples: Lease Agreement (Scientific Learning Corp)

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Landlord’s Right to Space. Txxxxx Tenant acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and or creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the BuildingPremises, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant or an affiliate of an existing tenant in the Project, (iv) the proposed transfer Transfer would violate any “exclusive” rights of any tenants in the Project, (v) Landlord or LxxxxxxxLandlord’s agent has shown space in the Building Project to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s agent concerning availability of space in the BuildingProject, at any time within the preceding nine months, and Landlord does not have adequate space in the Project to accommodate the needs of the Proposed Transferee, (vi) a proposed Transfer would violate any Encumbrance, (vii) any Mortgagee objects to the proposed Transfer, or (viviii) Landlord otherwise determines that the proposed Transfer would have the effect of decreasing the value of the Building Project or increasing the expenses associated with operating, maintaining and repairing the PropertyProject. Lxxxxxxx’s initials Tenant’s initialsTenant may offer but in no event will Tenant advertise all or any portion of the Premises for assignment or sublease at a rental less than that then sought by Landlord for a direct lease (non-sublease) of comparable space in the Project.

Appears in 1 contract

Samples: Lease Agreement (Hemacare Corp /Ca/)

Landlord’s Right to Space. Txxxxx Tenant acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and or creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the BuildingPremises, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant in the Project, unless, in the case of an existing tenant, Landlord does not have space available for lease containing the same or more square feet as is contained in the Premises to accommodate the existing tenant’s expansion needs in the Project, as identified in writing by such existing tenant, (iv) the proposed transfer Transfer would violate any “exclusive” rights of any tenants in the Project, (v) Landlord or LxxxxxxxLandlord’s agent has shown space in the Building to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s agent concerning availability of space in the Building, at any time within the preceding nine months(9) months and Landlord has space available to lease in the Project containing approximately the same rentable area as is contained in the proposed Transfer, (vi) a proposed Transfer would violate any Encumbrance, (vii) any Mortgagee objects to the proposed Transfer, (viii) the proposed agreement governing the Transfer purports to expand the Tenant’s rights under the Lease, or modify or constrain any of Landlord’s rights under the Lease, or (viix) Landlord otherwise reasonably determines that the proposed Transfer would have the effect of decreasing the value of the Building Project or increasing the expenses associated with operating, maintaining and repairing the PropertyProject. Lxxxxxxx’s initials Tenant’s initialsIn no event may Tenant publicly offer or advertise all or any portion of the Premises for assignment or sublease at a rental less than seventy-five percent (75%) of that then sought by Landlord for a direct lease (non-sublease) of comparable space in the Project.

Appears in 1 contract

Samples: Lease Agreement (Bridge Capital Holdings)

Landlord’s Right to Space. Txxxxx Tenant acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and or creditworthiness or the nature or character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the BuildingPremises, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant in the Project, unless, in the case of a Proposed Transferee, Landlord does not have space available in the Project that Landlord is willing to lease to the Proposed Transferee containing the same or more square feet than the space contained in the Premises, (iv) the proposed transfer Transfer would violate any “exclusive” rights of any tenants in the Project, (v) Landlord or LxxxxxxxLandlord’s agent has shown space in the Building Project to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s agent concerning availability of space in the BuildingProject, at any time within the preceding nine months, or (vi) Landlord otherwise determines that the proposed Transfer would have the effect of decreasing the value of the Building Project or increasing the expenses associated with operating, maintaining and repairing the PropertyProject. Lxxxxxxx’s initials Tenant’s initialsIn no event may Tenant publicly advertise all or any portion of the Premises for assignment or sublease at a rental less than that then sought by Landlord for a direct lease (non-sublease) of comparable space in the Project. Notwithstanding the foregoing, Tenant may employ a broker who advertises on a commercial multiple listing service in Order to offer the Premises for assignment or sublease.

Appears in 1 contract

Samples: Sublease Agreement (Fox Hollow Technologies Inc)

Landlord’s Right to Space. Txxxxx acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and or creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the BuildingPremises, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant or an affiliate of an existing tenant in the ProjectProject (provided, however, Landlord will not withhold its consent solely because the proposed subtenant or assignee is an existing tenant of the Project or affiliate of an existing tenant of the Project if Landlord does not have space available for lease in the Project that is comparable to the space Tenant desires to sublet or assign. Landlord shall be deemed to have comparable space if it has, or will have, space available in the Project that is approximately the same size as the space Tenant desires to sublet or assign within 4 months of the proposed commencement of the proposed sublease or assignment), (iv) the proposed transfer Transfer would violate any “exclusive” rights of any tenants in the Project, (v) Landlord or LxxxxxxxLandlord’s agent has shown space in the Building Project to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s agent concerning availability of space in the BuildingProject, at any time within the preceding nine months, or (vi) a proposed Transfer would violate any Encumbrance, (vii) any Mortgagee objects to the proposed Transfer, (viii) the proposed agreement governing the Transfer purports to expand the Tenant’s rights under the Lease, or modify or constrain any of Landlord’s rights under the Lease, (ix) Landlord otherwise reasonably determines that the proposed Transfer would have the effect of decreasing the value of the Building Project or increasing the expenses associated with operating, maintaining and repairing the PropertyProject, (x) the Proposed Transferee is a tenant in the Project, or (xi) the financial strength of the Proposed Transferee at the time of the proposed Transfer is not at least equal to that of Tenant at the time of execution of this Lease. Lxxxxxxx’s initials Tenant’s initialsIn no event may Tenant publicly offer or advertise all or any portion of the Premises for assignment or sublease at a rental less than that then sought by Landlord for a direct lease (non-sublease) of comparable space in the Project.

Appears in 1 contract

Samples: Lease Agreement (Corsair Gaming, Inc.)

Landlord’s Right to Space. Txxxxx Tenant acknowledges and agrees that, among other circumstances for which Landlord could reasonably withhold consent to a proposed Transfer, it shall be reasonable for Landlord to withhold consent where (i) the Proposed Transferee does not intend itself to occupy the entire portion of the Premises assigned or sublet, (ii) Landlord reasonably disapproves of the Proposed Transferee’s business operating ability or history, reputation and or creditworthiness or the character of the business to be conducted by the Proposed Transferee at the Premises is not consistent with the character and nature of other tenants and uses in the Building or is prohibited by this Lease or any laws, covenants, or restrictions applicable to the BuildingPremises, (iii) the Proposed Transferee is a governmental agency or unit or an existing tenant or an affiliate of an existing tenant in the Project, (iv) the proposed transfer Transfer would violate any “exclusive” rights of any tenants in the Project, (v) Landlord or LxxxxxxxLandlord’s agent has shown space in the Building Project to the Proposed Transferee or responded to any written inquiries from the Proposed Transferee or the Proposed Transferee’s agent concerning availability of space in the BuildingProject, at any time within the preceding nine months, (vi) a proposed Transfer would violate any Encumbrance, (vii) any Mortgagee objects to the proposed Transfer, (viii) the proposed agreement governing the Transfer purports to expand the Tenant’s rights under the Lease, or modify or constrain any of Landlord’s rights under the Lease, or (viix) Landlord otherwise determines that the proposed Transfer would have the effect of decreasing the value of the Building Project or increasing the expenses associated with operating, maintaining and repairing the PropertyProject. Lxxxxxxx’s initials Tenant’s initialsIn no event may Tenant publicly offer or advertise all or any portion of the Premises for assignment or sublease at a rental less than that then sought by Landlord for a direct lease (non-sublease) of comparable space in the Project.

Appears in 1 contract

Samples: Lease Agreement (Ditech Networks Inc)

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