Common use of Lessee Assignment Clause in Contracts

Lessee Assignment. Lessee may not assign this Lease without Lessor’s prior written consent, such consent shall not be unreasonably withheld. In the event Lessor consents to such assignment, the assignee must assume all of Lessee’s liabilities hereunder. Notwithstanding the above, this Lease may be assigned or transferred without Lessor’s consent: (i) by will or intestate succession provided that Lessor receives written notice of such transfer, along with customary documents of transfer of a leasehold in form satisfactory to Lessor, as soon as is reasonably practical; or (ii) in the exercise of any first lien mortgagee rights of foreclosure as contemplated under Article XIII below.

Lessee Assignment. Lessee may not assign this Lease without LessorXxxxxx’s prior written consent, such consent shall not be unreasonably withheld. In the event Lessor Xxxxxx consents to such assignment, the assignee must assume all of LesseeXxxxxx’s liabilities hereunder. Notwithstanding the above, this Lease may be assigned or transferred without Lessor’s consent: (i) by will or intestate succession provided that Lessor Xxxxxx receives written notice of such transfer, along with customary documents of transfer of a leasehold in form satisfactory to Lessor, as soon as is reasonably practical; or (ii) in the exercise of any first lien mortgagee rights of foreclosure as contemplated under Article XIII below.