Common use of No Waiver or Release Clause in Contracts

No Waiver or Release. The consent by Landlord to any assignment or subletting shall not be construed as a waiver or release of Tenant from the terms of any covenant or obligation under this Lease, nor shall the collection of acceptance of rent from any such assignee, subtenant or occupant constitute a waiver or release of Tenant of any covenant or obligation contained in this Lease, nor shall any such assignment or subletting be construed to relieve Tenant (or its representatives, successors, or assigns) from obtaining the consent in writing of Landlord to any further assignment or subletting. In the event that Tenant defaults hereunder, Tenant hereby assigns to Landlord the rent due from any subtenant of Tenant and hereby authorizes each such subtenant to pay said rent directly to Landlord.

Appears in 2 contracts

Samples: Lease Agreement (SunGard Availability Inc.), Lease Agreement (Capsule Communications Inc De)

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No Waiver or Release. The consent by Landlord to any assignment or subletting shall not be construed as a waiver or release of Tenant from the terms of any covenant or obligation under this Lease, nor shall the collection of or acceptance of rent from any such assignee, subtenant or occupant constitute a waiver or release of Tenant of any covenant or obligation contained in this Lease, nor shall any such assignment or subletting be construed to relieve Tenant (or its representatives, successors, or assigns) from obtaining the consent in writing of Landlord to any further assignment or subletting. In the event that Tenant defaults hereunder, Tenant hereby assigns to Landlord the rent due from any subtenant of Tenant and hereby authorizes each such subtenant to pay said rent directly direct to Landlord, at Landlord's option, in the event of any Event of Default by Tenant under the terms of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Filetek Inc)

No Waiver or Release. The consent by Landlord Sublandlord to any assignment assignment, transfer or subletting to any party other than Sublandlord, including a subsidiary, affiliate or successor corporation or partnership, shall not be construed as a waiver or release of Tenant Subtenant from the terms of any covenant or obligation under this LeaseSublease, nor shall the collection of or acceptance of rent from any such assignee, transferee, subtenant or occupant constitute a waiver or release of Tenant Subtenant of any covenant or obligation contained in this LeaseSublease, nor shall any such assignment or subletting be construed to relieve Tenant (or its representatives, successors, or assigns) Subtenant from obtaining the consent in writing of Landlord Sublandlord to any further assignment or subletting. In the event that Tenant Subtenant defaults hereunderhereunder and any applicable grace period contained herein has passed, Tenant Subtenant hereby assigns to Landlord Sublandlord the rent due from any subtenant of Tenant Subtenant and hereby authorizes each such subtenant to pay said such rent directly to LandlordSublandlord.

Appears in 1 contract

Samples: Sublease Agreement (Xyvision Inc)

No Waiver or Release. The consent by Landlord to any assignment or subletting shall not be construed as a waiver or release of Tenant from the terms of any covenant or obligation under this Lease, nor shall the collection of or acceptance of rent from any such assignee, subtenant or occupant constitute a waiver or release of Tenant of any covenant or obligation contained in this Lease, nor shall any such assignment or subletting be construed to relieve Tenant (or its representatives, successors, or assigns) from obtaining the consent in writing of Landlord to any further assignment or subletting. In the event that Tenant defaults hereunder, Tenant hereby assigns to Landlord the rent due from any subtenant of Tenant and hereby authorizes each such subtenant to pay said rent directly to Landlord, at Landlord's option, in the event of any default by Tenant under the terms of this Lease.

Appears in 1 contract

Samples: Agreement of Lease (Mason George Bankshares Inc)

No Waiver or Release. The consent by Landlord to any assignment or subletting shall not be construed as a waiver or release of Tenant from the terms of any covenant or obligation under this Lease, nor shall the collection of or acceptance of rent from any such assignee, subtenant or occupant constitute a waiver or release of Tenant of any covenant or obligation contained in this Lease, nor shall any such assignment or subletting be construed to relieve Tenant (or its representatives, successors, or assigns) from obtaining the consent in writing of Landlord to any further assignment or subletting. In the event that an Event of Default by Tenant defaults occurs hereunder, Tenant hereby assigns to Landlord the rent due from any subtenant of Tenant and hereby authorizes each such subtenant to pay said rent directly to LandlordLandlord during the continuation of such default.

Appears in 1 contract

Samples: Lease Agreement (Opinion Research Corp)

No Waiver or Release. The consent by Landlord to any assignment -------------------- or subletting shall not be construed as a waiver or release of Tenant from the terms of any covenant or obligation under this Lease, nor shall the collection of or acceptance of rent from any such assignee, subtenant or occupant constitute a waiver or release of Tenant of any covenant or obligation contained in this Lease, nor shall any such assignment or subletting be construed to relieve Tenant (or its representatives, successors, or assigns) from obtaining the consent in writing of Landlord to any further assignment or subletting. In the event that Tenant defaults hereunder, Tenant hereby assigns to Landlord the rent due from any subtenant of Tenant and hereby authorizes each such subtenant to pay said rent directly to Landlord, at Landlord's option, in the event of any default by Tenant under the terms of this Lease, which continues beyond any applicable grace or cure period.

Appears in 1 contract

Samples: Lease Agreement (Averstar Inc)

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No Waiver or Release. The consent by Landlord to any assignment or subletting shall not be construed as a waiver or release of Tenant from the terms of any covenant or obligation under this Lease, nor shall the collection of or acceptance of rent from any such assignee, subtenant or occupant constitute a waiver or release of Tenant of any covenant or obligation contained in this Lease, nor shall any such assignment or subletting be construed to relieve Tenant (or its representatives, successors, or assigns) from obtaining the consent in writing of Landlord to any further assignment or subletting. In the event that Tenant defaults hereunder, Tenant hereby assigns Assigns to Landlord the rent due cue from any subtenant of Tenant and hereby authorizes each such subtenant to pay said rent directly to Landlord, at Landlord's option, in the event of any default by Tenant under the terms of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Spacehab Inc \Wa\)

No Waiver or Release. The consent by Landlord to any assignment or subletting shall not be construed constructed as a waiver or of release of Tenant from the terms of any covenant or obligation under this Lease, nor shall the collection of or acceptance of rent from any such assigneeassignees, subtenant or occupant constitute a waiver or release of Tenant of any covenant or obligation contained in this Lease, nor shall any such assignment or subletting be construed to relieve Tenant (or its representatives, successors, or assigns) from obtaining the consent in writing of Landlord to any further assignment or subletting. In the event that Tenant defaults hereunder, Tenant hereby assigns to Landlord the rent due from any subtenant of Tenant and hereby authorizes here by authorized each such subtenant to pay said rent directly to Landlord, at Landlord's option, in the event or any uncured default by Tenant under the terms of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Visual Networks Inc)

No Waiver or Release. The consent by Landlord to any assignment or subletting shall not be construed as a waiver or release of Tenant from the terms of any covenant or obligation under this Lease, nor shall the collection of acceptance of rent from any such assignee, subtenant or occupant constitute a waiver or release of Tenant of any covenant or obligation contained in this Lease, nor shall any such assignment or subletting be construed to relieve Tenant (or its representatives, successors, or assigns) from obtaining the consent in writing of Landlord to any further assignment or subletting. In the event that Tenant defaults hereunder, Tenant hereby assigns to Landlord the rent due from any subtenant of Tenant and hereby authorizes each such subtenant to pay said rent directly to Landlord. SUBJECT TO THE PROVISIONS OF PARAGRAPH 30 BELOW.

Appears in 1 contract

Samples: Lease Agreement (SunGard Availability Inc.)

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