Common use of No Assignment or Subleasing Clause in Contracts

No Assignment or Subleasing. Notwithstanding anything herein contained to the contrary, Tenant shall not sublease the Leased Premises or assign this Ground Lease without the prior written consent of the City, which may be conditioned on a payment of a percentage of the fair market value of the subleased parcel. For the purposes of this Ground Lease, any change in control of 50% or more of the ownership interest in the Tenant, or any parent entity of the Tenant, shall constitute an assignment.

No Assignment or Subleasing. Notwithstanding anything herein contained to the contrary, Tenant shall not sublease the Leased Premises or assign this Ground Lease without the prior written consent of the City, which may be conditioned on a payment of a percentage of the fair market value of the subleased parcel. For the purposes of this Ground Lease, any change in control of 50% or more of the ownership interest in the Tenant, or any parent entity of the Tenant, shall constitute an assignment.

No Assignment or Subleasing. Notwithstanding anything herein contained to the contrary, Tenant shall not sublease the Leased Premises or assign this Ground Lease without the prior written consent of the City, which may in its sole discretion. Subleases shall be conditioned on a payment of a percentage of subject to the fair market value of rental charges owed to the subleased parcelCity under Section 2.2 (Rent). For the purposes of this Ground Lease, any change in control of 50% or more of the ownership interest in the Tenant, or any parent entity of the Tenant, shall constitute an assignment.