Common use of Lease Assignments Clause in Contracts

Lease Assignments. At any time and from time-to-time, and without any consent from or approval by Landlord, Tenant may enter into a Permitted Lease Assignment. For purposes hereof, the term “Permitted Lease Assignment” means either (i) a Lease Assignment for which (A) the successor Tenant is a Permitted Tenant Transferee, and (B) within ten (10) Business Days after the date of such Lease Assignment, Tenant provides to Landlord (I) a copy of the written assignment of lease or similar agreement, including an assumption by the successor Tenant of the obligations of Tenant under this Lease arising from and after the date of such Lease Assignment, (II) if such assignee successor Tenant qualifies as a Permitted Tenant Transferee because its obligations under this Lease are guaranteed by another Person, a Tenant Guaranty executed by such Person, and (III) evidence of the insurance required by this Lease, or (ii) any other Lease Assignment approved in writing by Landlord. Tenant shall not enter into any Lease Assignment other than a Permitted Lease Assignment, and any purported Lease Assignment other than a Permitted Lease Assignment shall be null and void ab initio.

Lease Assignments. At any time and from time-to-time, and without any consent from or approval by LandlordLessor, Tenant Lessee may enter into cause or permit to occur a Permitted Lease Assignment. For purposes hereof, the term “Permitted Lease Assignment” means either (i) a Lease Assignment for which (A) the successor Tenant Lessee is a Permitted Tenant Lessee Transferee, and (B) within ten (10) Business Days after the date of such Lease Assignment, Tenant Lessee provides to Landlord Lessor (I) a copy of the written assignment of lease or similar agreement, including an assumption by the successor Tenant Lessee of the obligations of Tenant Lessee under this Lease arising from and after the date of such Lease Assignment, (II) if such assignee successor Tenant Lessee qualifies as a Permitted Tenant Lessee Transferee because its obligations Affiliate is an Investment Grade Person or otherwise qualifies as a Permitted Lessee Transferee because its Affiliate qualifies under this Lease are guaranteed by another Personsubsection (f) of the definition of the term “Permitted Lessee Transferee”, a Tenant Lease Guaranty executed by such PersonAffiliate, and (III) evidence of the insurance required by this Lease, or (ii) any other Lease Assignment approved in writing by LandlordLessor. Tenant Lessee shall not enter into any Lease Assignment other than a Permitted Lease Assignment, and any purported Lease Assignment other than a Permitted Lease Assignment shall be null and void ab initio.

Lease Assignments. At any time and from time-to-time, and without any consent from or approval by Landlord, Tenant may enter into a Permitted Lease Assignment. For purposes hereof, the term ““ Permitted Lease AssignmentAssignment ” means either (i) a Lease Assignment for which (A) the successor Tenant is a Permitted Tenant Transferee, and (B) within ten (10) Business Days after the date of such Lease Assignment, Tenant provides to Landlord (I) a copy of the written assignment of lease or similar agreement, including an assumption by the successor Tenant of the obligations of Tenant under this Lease arising from and after the date of such Lease Assignment, (II) if such assignee successor Tenant qualifies as a Permitted Tenant Transferee because its obligations under this Lease are guaranteed by another Person, a Tenant Guaranty executed by such Person, and (III) evidence of the insurance required by this Lease, or (ii) any other Lease Assignment approved in writing by Landlord. Tenant shall not enter into any Lease Assignment other than a Permitted Lease Assignment, and any purported Lease Assignment other than a Permitted Lease Assignment shall be null and void ab initioinitio .