Common use of Lessor's Consent Required Clause in Contracts

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assign") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose.

Appears in 2 contracts

Sources: Standard Industrial/Commercial Multi Tenant Lease (Supergen Inc), Lease Agreement (Supergen Inc)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assign") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors Lessor's consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose.

Appears in 2 contracts

Sources: Standard Industrial/Commercial Lease (Digital Bridge Inc), Standard Industrial/Commercial Multi Tenant Lease (Chatcom Inc)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assignASSIGN OR ASSIGNMENT") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent, which consent given under and subject to the terms of Paragraph 36will not be unreasonably withheld. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors consent. The transfer, on a cumulative basis, of twentyforty-five percent nine (2549%) or more of the voting control of Lessee shall constitute a change in control for this purpose. Any other change in voting control will not constitute an assignment of this Lease or require Lessor's consent.

Appears in 1 contract

Sources: Standard Industrial/Commercial Single Tenant Lease Net (Petco Animal Supplies Inc)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assignassign or assignment") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36which shall not be unreasonably withheld. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors consent. The transfer, on a cumulative basisbases, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose.

Appears in 1 contract

Sources: Standard Industrial/Commercial Single Tenant Lease Net (Agouron Pharmaceuticals Inc)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assignassign or assignment") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36consent. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose.

Appears in 1 contract

Sources: Standard Industrial/Commercial Single Tenant Lease (Intest Corp)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assign"“assign or assignment”) or sublet subject all or any part of Lessee's ’s interest in this Lease or in the Premises without Lessor's ’s prior written consent given under and subject to the terms of Paragraph 36. consent. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose.

Appears in 1 contract

Sources: Standard Industrial/Commercial Single Tenant Lease (Prolong International Corp)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assign"“assignment”) or sublet all or any part of Lessee's ’s interest in this Lease or in the Premises Property without Lessor's ’s prior written consent given under and subject to the terms of Paragraph 36. (b) consent, which shall not be unreasonably withheld. A change in the control of Lessee shall constitute an assignment requiring Lessors Lessor’s consent. The transfer, on a cumulative basis, of twenty-five fifty percent (2550%) or more of the voting control of Lessee shall constitute a change in control for this purpose.

Appears in 1 contract

Sources: Lease Agreement (Standard Gold)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assign") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors Lessor's consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for of this purpose.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (Packetvideo Corp)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assignassign or assignment") or sublet all or any part of Lessee▇▇▇▇▇▇'s interest in this Lease or in the Premises without Lessor▇▇▇▇▇▇'s prior written consent given under and subject to the terms of Paragraph 36consent. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors consent. The transfer, on a cumulative basis, of twenty-five percent (25%) % or more of the voting control of Lessee shall constitute a change in control for this purpose.

Appears in 1 contract

Sources: Lease Agreement

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assignassign or assignment") or sublet all or any part of Lessee's interest in this Lease or in In the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36consent. See Addendum. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose. (c) The involvement of Lessee ..

Appears in 1 contract

Sources: Standard Industrial/Commercial Single Tenant Lease (Guitar Center Inc)

Lessor's Consent Required. (a) Subject to Section 55 of the Addendum, Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assignassignment") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors Lessor's consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose.

Appears in 1 contract

Sources: Lease Agreement (Phoenix International Life Sciences Inc)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assignassignment") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors Lessor's consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose, unless following such transfer, Scot▇ ▇▇▇▇▇ ▇▇▇ Fran▇ ▇▇▇▇▇▇ ▇▇▇tinue to hold fifty percent (50%) or more of the voting control of Lessee.

Appears in 1 contract

Sources: Lease Agreement (Compgeeks Inc)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assign"“assign or assignment”) or sublet all or any part of Lessee's ’s interest in this Lease or in the Premises without Lessor's ’s prior written consent given under and subject to the terms of Paragraph 36consent. (b) A Unless Lessee is a corporation and its stock is publicly traded on a national stock exchange, a change in the control of Lessee shall constitute an assignment requiring Lessors consent. The transfer, on a cumulative basis, of twenty-five percent (25%) % or more of the voting control of Lessee shall constitute a change in control for this purpose.

Appears in 1 contract

Sources: Standard Industrial/Commercial Single Tenant Lease Net (Osmetech PLC)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assign" or "assignment") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36consent. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose.

Appears in 1 contract

Sources: Standard Industrial/Commercial Single Tenant Lease Net (Sigma Circuits Inc)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assign") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors Lessor's consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose.* REFER TO PARAGRAPH 59

Appears in 1 contract

Sources: Estoppel Certificate (Livingston Enterprises Inc)

Lessor's Consent Required. (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, "assignassignment") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36. (b) A change in the control of Lessee shall constitute an assignment requiring Lessors Lessor's consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose.

Appears in 1 contract

Sources: Lease Agreement (American Materials & Technologies Corp)