Common use of Lessee Assignment Clause in Contracts

Lessee Assignment. Lessee shall not assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise (including without limitation by transfer of a majority interest of stock, merger, or dissolution, which transfer of majority interest of stock, merger or dissolution shall be deemed an assignment) or mortgage or pledge the same or sublet the leased premises, in whole or in part, without the prior written consent of Lessor, and in no event shall any such assignment or sublease ever release Lessee or any guarantor from any obligation or liability hereunder. No assignee or sublessee of the leased premises or any portion thereof may assign or sublet the leased premises or any portion thereof.

Appears in 2 contracts

Samples: Commercial Lease (Learningstar Inc), Standard Commercial Lease (Microtune Inc)

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Lessee Assignment. Lessee shall not assign, in whole or in part, this Lease, or allow it to be assigned, assigned in whole or in part, by operation of law or otherwise (including without limitation by transfer of a majority interest of stock, merger, or dissolution, which transfer of majority interest of stock, merger or dissolution shall be deemed an assignment) or mortgage or pledge pledge, the same same, or sublet the leased premises, in whole or in part, without the prior written consent of Lessor, and in no event shall any such assignment or sublease ever release Lessee or any guarantor from any obligation or liability hereunder. No assignee or sublessee subleases of the leased premises or any portion thereof may my assign or sublet the leased premises or any portion thereof.

Appears in 1 contract

Samples: Standard Commercial Lease (Industrial Data Systems Corp)

Lessee Assignment. Lessee shall not assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise (including without limitation by transfer of a majority interest of stock, merger, or dissolution, which transfer of majority interest of stock, merger or dissolution shall be deemed an assignment) or mortgage or pledge the same same, or sublet the leased premises, in whole or in part, without the prior written consent of LessorLessor which shall not be unreasonably withheld, and in no event shall any such assignment or sublease ever release Lessee or any guarantor from any obligation or liability hereunder. No assignee or sublessee of the leased premises or any portion thereof may assign or sublet the leased premises or any portion thereof.

Appears in 1 contract

Samples: Lease Agreement (SPR Inc)

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Lessee Assignment. Lessee shall not assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise (including without limitation by transfer of a majority interest of stock, merger, or dissolution, which transfer of majority interest of stock(100% stock transfer, merger or dissolution consolidation shall not be deemed an assignment) or mortgage or pledge the same same, or sublet the leased premisesLeased Premises, in whole or in part, without the prior written consent of Lessor, which consent shall not be unreasonably withheld, and in no event shall any such assignment or sublease ever release Lessee or any guarantor from any obligation or liability hereunder. No assignee or sublessee of the leased premises Leased Premises or any portion thereof may assign or sublet the leased premises Leased Premises or any portion thereof.

Appears in 1 contract

Samples: Commercial Lease (Equity Inns Inc)

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