Common use of No Assignment and Subletting Clause in Contracts

No Assignment and Subletting. As a material inducement for Tenant to enter into this Agreement with User, User agrees that neither this Agreement nor User’s interest hereunder will under any circumstances, whether voluntary or involuntary, or by operation of law, be assigned or transferred by User, nor will User allow any other person to use or occupy any portion of the User Office Space or Shared Space, without in each case the prior written consent of Tenant being first obtained (which consent may be granted or withheld in Tenant’s sole and absolute discretion). User agrees and acknowledges that the Tenant is ultimately responsible to Landlord under all terms of the Lease and therefore it is reasonable for Tenant to be exercising its right to consent or to not consent in its sole and absolute discretion. This absolute presumption against assignment or sub-letting User’s interest under this Agreement overrides any rights that may exist under the Lease that are more generous than the provisions of this Section 7.2.

Appears in 14 contracts

Samples: Shared Warehouse Agreement, Shared Warehouse Agreement (Kraft Foods Group, Inc.), Shared Warehouse Agreement (Kraft Foods Group, Inc.)

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