LESSOR’S CONSENT. I, the Lessor, hereby consent to this Sublease Agreement and agree to promptly notify Sublessor within 3 business days in writing if Sublessee is in breach of this Sublease Agreement. Nothing herein shall constitute a release of Sublessor, who shall remain bound by the terms of the Parent Lease. Nothing herein shall constitute consent to any further Sublease or assignment of the Parent Lease or this Sublease.
LESSOR’S CONSENT. (a) Lessee shall not effect a Transfer, or enter into any contract or commitment to effect a Transfer (unless such contract or commitment is expressly conditioned upon such Transfer complying fully with the requirements of this Lease), without Lessor’s prior written consent, which consent shall not be unreasonably withheld or delayed, provided that (i) no Event of Default or Potential Default shall exist hereunder either on the date Lessee delivers the applicable Transfer Notice (as hereinafter defined) to Lessor or on the effective date of such Transfer, (ii) there would be no change in the Permitted Uses of the Premises following such Transfer, and (iii) such Transfer is to a Person (a “Qualified Transferee”) having both (A) Hotel Investment Experience or who has retained a Person with Hotel Investment Experience to oversee the operation and management of the Hotel, and (B) the financial ability to fully perform the obligations of Lessee under this Lease over the Term (including the payment of all Monetary Obligations); and in determining whether a Person is a Qualified Transferee, Lessor shall be entitled to consider all reasonable criteria including the level of experience of the proposed Transferee in the ownership, management, and operation of Luxury Hotel properties that are similar in character and quality to the Hotel, and the creditworthiness and financial stability of the proposed Transferee in light of the responsibilities involved. For any proposed Transfer that would be made to a Person which is not a Qualified Transferee, Lessor may give or withhold its consent in Lessor’s sole and absolute discretion, and may impose in connection therewith any conditions or requirements as Lessor shall determine are necessary or appropriate to preserve and protect the value of the Premises. Any Transfer made without Lessor’s prior written consent in accordance with the foregoing provisions of this Section 13.1 shall be void at Lessor’s sole option, which may be exercised by Lessor at any time within one (1) year after Lessor obtains Actual Knowledge of the consummation of such Transfer. Notwithstanding the foregoing, and provided that no Event of Default or Potential Default is in existence on the effective date of such Transfer, the consent of Lessor shall not be required for a Transfer (a “Permitted Transfer”) to any Person which (1) has a tangible net worth (determined in accordance with GAAP) which is not less than the tangible net worth of the then cur...
LESSOR’S CONSENT. The original lease signed between the Lessor (Landlord) and Sublessor (check one): ☐ - Permits subletting. ☐ - Does not permit subletting, although permission was received by the Lessor prior to the signing of this Agreement to specifically permit the named Sublessee to take possession of the Premises. ☐ - Does not permit subletting, and the Lessor’s signed consent (below) is required for this Agreement to become legal and binding: I hereby give my consent to the subletting of the Premises by the Sublessee as set out in this Agreement: Lessor Signature: Date: Printed Name:
LESSOR’S CONSENT. The Lessor may give a conditional or unconditional consent or approval at its absolute discretion to any matter in this Lease without giving any reasons for refusal of consent or approval.
LESSOR’S CONSENT. This Sublease is subject to and contingent upon Lessor’s execution of a Consent to Sublease in a form reasonably acceptable to Sublessor and Sublessee within thirty (30) days of the date hereof. In the event Lessor does not so execute such Consent to Sublease within such time, either party may terminate this Sublease upon written notice to the other party, which termination will be effective upon receipt. If this Sublease is terminated pursuant to this Section 24, Sublessor shall return to Sublessee the Security Deposit and first month’s rent previously paid by Sublessee to Sublessor within fifteen (15) business days after the termination date, and neither party shall have any liability to the other on account of this Sublease or any other actions between the parties prior to the termination date. For clarity, in the event of a termination, Sublessee will not be entitled to any reimbursement for costs or expenses incurred by Sublessee, including without limitation, costs incurred for space planning, ordering of furniture, materials or similar items in preparation for occupancy of the Premises, and Sublessee agrees that Sublessor shall have no liability or responsibility in connection therewith.
LESSOR’S CONSENT. Subject to satisfaction of the foregoing conditions precedent, Lessor consents to the assignment of the Lease to Assignee. LESSOR HAS NOT MADE AND DOES NOT HEREBY MAKE ANY EXPRESS OR IMPLIED REPRESENTATION OR WARRANTIES WHATSOEVER WITH RESPECT TO THE TITLE OR CONDITION OF THE ASSIGNED RIGHTS AND INTERESTS, INCLUDING ANY PREPRESENTATION OR WARRANTY REGARDING QUALITY OF CONSTRUCTION, WORKMANSHIP, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE, AND ASSIGNEE ACKNOWLEDGES THAT ASSIGNEE ACCEPTS THIS AGREEMENT WITHOUT RELYING UPON ANY SUCH STATEMENT OR REPRESENTATION MADE BY LESSOR, ITS AGENTS OR CONTRACTORS, OR BY ANY OTHER PERSON(S) AND THAT ASSIGNEE ACCEPTS THE LEASED PROPERTY "AS IS" "WHERE IS" AND "WITH ALL FAULTS".
LESSOR’S CONSENT. Whenever any action or any condition is prohibited or restricted under this Lease unless the Lessor’s written consent is secured, or the Lessor’s written consent is required under this Lease either expressly or by implication, the Lessee agrees that the Lessor’s decision to consent or not need not be made in accordance with any particular criteria or commercial standards (including “reasonable commercial standards”), that the Lessor may make its decision on the basis of any factors which seem relevant to the Lessor, and that the Lessor’s decision shall be conclusive and binding in the Lessee. The Lessor may condition the giving of its consent upon whatever requirements and conditions seem desirable to the Lessor regardless of whether the Lessor’s position and/or the particular requirements and conditions accord with any particular criteria or commercial standards, including reasonable commercial standards.
LESSOR’S CONSENT. The Lessor consents, on the terms of this agreement, to the assignment of the Lease from the Lessee to the Assignee. This consent will not be deemed to:
LESSOR’S CONSENT. This Sublease is contingent upon, and shall have no force or effect until receipt of, the Lessor’s written consent hereto in the form attached as Exhibit “F”. The Sublessor agrees to exercise good faith in requesting Lessor’s written consent to this Sublease.
LESSOR’S CONSENT. It is agreed that whenever required under the terms of the Lease, Lessor's consent shall not be unreasonably withheld or delayed.
