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 Transfer the Premises or any portion thereof, it shall first give Landlord a notice (the “Transfer Notice”) specifying (a) the size and location of the space Tenant purposes to Transfer (the “Transfer Space”); (b) the effective date of the proposed Transfer (which shall not be less than fifteen (15) business days after the Transfer Notice) and the term for the proposed Transfer; (c) the name of the proposed assignee, subtenant, transferee or occupant (“Transferee”), (d) the nature of the proposed Transferee’s business to be carried on in the Transfer Space, (e) the terms and provisions of the proposed Transfer, and (f) such financial information as Landlord may reasonably request concerning the proposed Transferee.

Notice of Intent to Assign or Sublet. If Tenant desires at any time to Transfer the Premises or any portion thereof, it shall first give Landlord a notice (the “Transfer Notice”) specifying (a) the size and location of the space Tenant purposes proposes to Transfer (the “Transfer Space”); (b) the effective date terms of the proposed Transfer (which shall not be less than fifteen (15) business days after the Transfer Notice) and the term for the proposed Transfer; (c) the date on which Tenant proposes that the Transfer be effective, which shall be at least 30 days after the Transfer Notice; (d) the name of the proposed assignee, subtenant, transferee or occupant (“Transferee”), ; (de) the nature of the proposed Transferee’s business to be carried on in the Transfer Space, (e) the terms and provisions of the proposed Transfer, ; and (f) such financial information as Landlord may reasonably request statements concerning the proposed Transferee as may be reasonably necessary for Landlord to make an informed judgment as to the financial condition and prospects of the Transferee.