Common use of Notice of Intent to Assign or Sublet Clause in Contracts

Notice of Intent to Assign or Sublet. If Tenant desires at any time to enter into an Assignment or to Sublease the Premises or any portion thereof, it shall first notify Landlord of its desire to do so and shall submit in writing to Landlord (i) the name of the proposed assignee, subtenant, transferee or occupant ("TRANSFEREE"); (ii) the nature of the proposed Transferee's business to be carried on in the Premises; (iii) the terms and provisions of the proposed Sublease or Assignment; and (iv) such financial information as Landlord may reasonably request concerning the proposed Transferee (collectively, the "TRANSFER NOTICE"). In the event the assignee or sublessee is not engaged in the Use or does not have equal or greater financial net worth than Tenant, Landlord shall have the right to reject the Sublease or Assignment which rejection shall be deemed reasonable.

Appears in 3 contracts

Samples: Office Lease (Vestin Group Inc), Office Lease (Vestin Group Inc), Office Lease (Vestin Group Inc)

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Notice of Intent to Assign or Sublet. If Tenant desires at any time to enter into an Assignment or to Sublease the Premises or any portion thereof, it shall first notify Landlord of its desire to do so and shall submit in writing to Landlord Landlord; (i) the name of the proposed assignee, subtenant, subtenant transferee or occupant ("TRANSFEREE")occupant; (ii) the nature of the proposed Transferee's business to be carried on in the Premises; (iii) the terms and provisions of the proposed Sublease or Assignment; and (iv) such financial information as Landlord may reasonably request concerning the proposed Transferee (collectively, the "TRANSFER NOTICE")Transferee. In the event the assignee or sublessee sub-lessee is not engaged in the Use same use or does not have equal or greater financial net worth than and Tenant, Landlord shall have the right to reject the Sublease or Assignment which rejection shall be deemed reasonable.

Appears in 2 contracts

Samples: Lease Agreement (CLS Holdings USA, Inc.), Lease Agreement (CLS Holdings USA, Inc.)

Notice of Intent to Assign or Sublet. If Tenant desires at any time to enter into an Assignment or to Sublease the Premises or any portion thereof, it shall first notify Landlord of its desire to do so and shall submit in writing to Landlord (i) the name of the proposed assignee, subtenant, transferee or occupant ("TRANSFEREE"“Transferee”); (ii) the nature of the proposed Transferee's ’s business to be carried on in the Premises; (iii) the terms and provisions of the proposed Sublease or Assignment; and (iv) such financial information as Landlord may reasonably request concerning the proposed Transferee (collectively, the "TRANSFER NOTICE"“Transfer Notice”). In the event the assignee or sublessee Transferee is not engaged in the Use or does not have equal or greater financial net worth than TenantUse, Landlord shall have the right to may, in Landlord’s sole and absolute discretion, reject the Sublease or Assignment which and Tenant agrees such rejection shall be deemed reasonable.

Appears in 1 contract

Samples: Office Lease (Reel Estate Services Inc.)

Notice of Intent to Assign or Sublet. If Tenant desires at any time to enter into an Assignment or to Sublease the Premises or any portion thereof, it shall first notify Landlord of its desire to do so and shall submit in writing to Landlord (i) the name of the proposed assignee, subtenant, transferee or occupant ("TRANSFEREE"); (ii) the nature of the proposed Transferee's ’s business to be carried on in the Premises; (iii) the terms and provisions of the proposed Sublease or Assignment; and (iv) such financial information as Landlord may reasonably request concerning the proposed Transferee (collectively, the "TRANSFER NOTICE"). In the event the assignee or sublessee is not engaged in the Use or does not have equal or greater financial net worth than Tenant, Landlord shall have the right to reject the Sublease or Assignment which rejection shall be deemed reasonable.

Appears in 1 contract

Samples: Office Lease (Vestin Fund Iii LLC)

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Notice of Intent to Assign or Sublet. If Tenant desires at any time to enter into an Assignment or to Sublease the Premises or any portion thereof, it shall first notify Landlord of its desire to do so and shall submit in writing to Landlord Landlord; (i) the name of the proposed assignee, subtenant, transferee or occupant ("TRANSFEREE")occupant; (ii) the nature of the proposed Transferee's ’s business to be carried on in the Premises; (iii) the terms and provisions of the proposed Sublease or Assignment; and (iv) such financial information as Landlord may reasonably request concerning the proposed Transferee (collectively, the "TRANSFER NOTICE")Transferee. In the event the assignee or sublessee sub-lessee is not engaged in the Use same use or does not have equal or greater financial net worth than and Tenant, Landlord shall have the right to reject the Sublease or Assignment which rejection shall be deemed reasonable.

Appears in 1 contract

Samples: Lease Agreement (CLS Holdings USA, Inc.)

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