Common use of NO SUBLETTING Clause in Contracts

NO SUBLETTING. Lessee shall not sublet any or all of the Property without the prior written consent of Lessor, which shall not be unreasonably withheld, conditioned, or delayed; provided, however, that without Lessor’s consent, Lessee may sublet any or all of the Properties (each such sublease described in this Section 14.03, individually, a “Permitted Sublease” and collectively, “Permitted Subleases”, and such subtenant thereunder, “Subtenant”) so long as each Permitted Sublease contains the following provisions: (a) the Permitted Sublease is subject and subordinate to this Lease; (b) the Permitted Sublease shall not contain any terms inconsistent with this Lease (or if so, the terms of this Lease shall control); (c) the rent due under any Permitted Sublease shall be fixed rent and shall not be based on the net profits of any Subtenant; (d) unless otherwise mutually agreed upon by Lessor and the related Subtenant, the Permitted Sublease shall terminate upon the expiration or sooner termination of this Lease (including any renewals hereof), provided that the related Subtenant agrees to attorn to Lessor if Lessor elects to assume the Permitted Sublease following a termination of this Lease; (e) Lessee shall at all times remain liable under this Lease irrespective of any Permitted Sublease; and (f) the related Property shall be used and occupied only as a Permitted Facility.

Appears in 2 contracts

Samples: Lease Agreement (Kratos Defense & Security Solutions, Inc.), Lease Agreement (Kratos Defense & Security Solutions, Inc.)

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NO SUBLETTING. Lessee shall not sublet any or all of the Property Properties without the prior written consent of Lessor, which shall such consent not to be unreasonably withheld, conditioned, conditioned or delayed; provided, however, that without Lessor’s 's consent, Lessee may sublet any or all of the Properties to Guarantor or up to 25% of the Properties to any Person (each such sublease described in this Section 14.0314.04, individually, a "Permitted Sublease" and collectively, "Permitted Subleases", and such subtenant thereunder, "Subtenant") so long as each Permitted Sublease contains the following provisions: (a) the Permitted Sublease is subject and subordinate to this Lease; (b) the Permitted Sublease shall not contain any terms inconsistent with this Lease (or if so, the terms of this Lease shall control); (c) the rent due under any Permitted Sublease shall be fixed rent and shall not be based on the net profits of any Subtenant; (d) unless otherwise mutually agreed upon by Lessor and the related Subtenant, the Permitted Sublease shall terminate upon the expiration or sooner termination of this Lease (including any renewals hereof), provided that the related Subtenant agrees to attorn to Lessor if Lessor elects to assume the Permitted Sublease following a termination of this Lease; (e) Lessee shall at all times remain liable under this Lease irrespective of any Permitted Sublease; and (f) the related Property shall be used and occupied only as a Permitted Facility.;

Appears in 1 contract

Samples: Master Lease Agreement (LIVE VENTURES Inc)

NO SUBLETTING. Lessee shall not sublet any or all of the Property Properties without the prior written consent of Lessor, which consent shall not be unreasonably withheld, conditioned, conditioned or delayed; provided, however, that without Lessor’s consent. Notwithstanding the foregoing, Lessee may sublet any Property without the prior written consent of Lessor to any Affiliate of Lessee or all to any provider of services ancillary to the operation of the Properties (each such sublease described in this Section 14.03, individually, a “Permitted Sublease” and collectively, “Permitted Subleases”, and such subtenant thereunder, “Subtenant”) Facility so long as each Permitted Sublease sublease contains the following provisions: (ai) the Permitted Sublease sublease is subject and subordinate to this Lease; (bii) the Permitted Sublease sublease shall not contain any terms inconsistent with this Lease (or if so, the terms of this Lease shall control); (ciii) the rent due under any Permitted Sublease sublease shall be fixed rent and shall not be based on the net profits of any Subtenantsubtenant; (div) unless otherwise mutually agreed upon by Lessor and the related SubtenantLessor, the Permitted Sublease sublease shall terminate upon the expiration or sooner termination of this Lease (including any renewals hereof), provided that the related Subtenant agrees to attorn to Lessor if Lessor elects to assume the Permitted Sublease following a termination of this Lease; (ev) Lessee shall at all times remain liable under this Lease irrespective of any Permitted Sublease; and (f) the related Property sublease. Lessee shall be used and occupied only as deliver a Permitted Facilitycopy of each sublease to Lessor.

Appears in 1 contract

Samples: Master Lease Agreement (21st Century Oncology Holdings, Inc.)

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NO SUBLETTING. Lessee (a) Tenant shall not sublet any or all of the Property without the prior written consent of LessorLandlord, which may be withheld by Landlord in its sole discretion and any such purported subletting shall not be unreasonably withheldvoid, conditionedand any sublease shall be included in the definition of a “Transfer”. (b) As security for performance of its obligations under this Lease, Tenant hereby grants, conveys and assigns to Landlord all right, title and interest of Tenant in and to all subleases (the “Subleases”) now in existence or delayed; hereinafter entered into for the Property and any and all extensions, modifications and renewals thereof and all rents, issues and profits therefrom. Landlord hereby grants to Tenant a license to collect and enjoy all rents and other sums of money payable under any Sublease of the Property, provided, however, that Landlord shall have the absolute right at any time during the continuance of an Event of Default upon notice to Tenant and any subtenants to revoke said license and to collect such rents and sums of money and to apply the same to installments of Base Monthly Rental next due and owing. Tenant shall not accept any rents under any Sublease more than thirty (30) days in advance of the accrual thereof nor permit anything to be done, the doing of which, nor omit or refrain from doing anything, the omission of which, will or could be a breach of or default in the terms of any of the Subleases. This Section shall NOT constitute any agreement by Landlord to permit Tenant to enter into Subleases without LessorLandlord’s consent, Lessee may sublet any or all . (c) Each Sublease of the Properties (each such sublease described in this Section 14.03, individually, a “Permitted Sublease” and collectively, “Permitted Subleases”, and such subtenant thereunder, “Subtenant”) so long as each Permitted Sublease contains the following provisions: (a) the Permitted Sublease Property which is consented to by Landlord shall be subject and subordinate to the provisions of this Lease; (b) . No assignment or sublease shall affect or reduce any of the Permitted Sublease obligations of Tenant hereunder, and all such obligations shall continue in full force and effect as obligations of a principal and not contain as obligations of a guarantor, as if no assignment or sublease had been made. No assignment or sublease shall impose any terms inconsistent with additional obligations on Landlord under this Lease (or if so, the terms of this Lease shall control); (c) the rent due under any Permitted Sublease shall be fixed rent and shall not be based on the net profits of any Subtenant; Lease. (d) unless otherwise mutually agreed upon by Lessor Tenant shall, within ten (10) days after the execution and the related Subtenant, the Permitted Sublease shall terminate upon the expiration or sooner termination of this Lease (including any renewals hereof), provided that the related Subtenant agrees to attorn to Lessor if Lessor elects to assume the Permitted Sublease following a termination of this Lease; (e) Lessee shall at all times remain liable under this Lease irrespective delivery of any Permitted Sublease; and (f) the related Property shall be used and occupied only as assignment or sublease consented to by Landlord, deliver a Permitted Facilityduplicate original copy thereof to Landlord.

Appears in 1 contract

Samples: Lease Agreement (Stryve Foods, Inc.)

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