Common use of Offer to Landlord Clause in Contracts

Offer to Landlord. Before assigning this Lease or before subletting the whole or any part of the Leased Premises, the Tenant shall fulfill and observe the following conditions: 15.4.1 the Tenant shall offer to sublet or to assign, as the case may be, the Leased Premises to the Landlord, on the same terms and conditions as those in the offer to sublease or assign; 15.4.2 the Tenant shall inform the Landlord of the name and address of the proposed assignee or subtenant and of the precise conditions of the proposed assignment or subletting; and 15.4.3 the Tenant shall provide the Landlord with the nature of the business and credit references relating to the proposed assignee or subtenant as well as the pertinent details of the assignment or subletting, which the Landlord deems necessary. The Landlord shall have a period of ten (10) days following receipt of a notice from the tenant complying with the conditions stated above, to accept or refuse the offer of assignment or subletting by the Tenant or to cancel this Lease with respect to the Leased Premises affected by the subletting or the assignment as of the effective commencement date of such offer to sublet or assign. Failure to reply within the stipulated delay shall not be deemed a consent by the Landlord of Tenant’s request pursuant to this section.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (Pc Mall Inc)

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Offer to Landlord. Before assigning this Lease or before subletting the whole or any part of the Leased Premises, the Tenant shall fulfill and observe the following conditions: 15.4.1 PART 16.3.1 the Tenant shall offer to sublet or to assign, as the case may be, the Leased Premises or applicable portion thereof to the Landlord, on the same terms and conditions as those in of this Lease; PART 16.3.2 the Tenant must inform the Landlord of the precise conditions of the proposed sublet or assignment and of the name and address of the subtenant or assignee proposed and provide a copy of the offer to sublease assign or assign;sublet; and 15.4.2 PART 16.3.3 the Tenant shall inform the Landlord of the name and address of the proposed assignee or subtenant and of the precise conditions of the proposed assignment or subletting; and 15.4.3 the Tenant shall provide the Landlord with the nature of the business and credit references of the proposed subtenant or assignee as well as all information relating to the proposed assignee sublet or subtenant as well as the pertinent details of the assignment or sublettingassignment, which the Landlord deems necessary. The Landlord shall then have a period of ten twenty (1020) days following receipt of a notice from the tenant complying with the conditions stated above, to accept or refuse the offer of assignment or subletting sublet by the Tenant or to cancel this Lease with respect to the Leased Premises affected by the subletting or the assignment as of the effective commencement date of such offer to sublet or assignassignment. Failure to reply within the stipulated delay shall not be deemed Following receipt of a consent by second notice from Tenant, the Landlord will have an additional period of ten (10) days to accept or refuse the assignment or sublet failing which the Landlord will have deemed to have accepted the Tenant’s request pursuant to this section.

Appears in 1 contract

Samples: Lease Agreement (Stockeryale Inc)

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Offer to Landlord. Before assigning this Lease or before subletting the whole or any part of the Leased Premises, the Tenant shall fulfill fulfil and observe the following conditions: 15.4.1 16.3.1 the Tenant shall offer to sublet or to assign, as the case may be, the Leased Premises or applicable portion thereof to the Landlord, on the same terms and conditions as those in of this Lease; 16.3.2 the Tenant must inform the Landlord of the precise conditions of the proposed, sublet or assignment and of the name and address of the subtenant or assignee proposed and provide a copy of the offer to sublease assign or assign;sublet; and 15.4.2 16.3.3 the Tenant shall inform the Landlord of the name and address of the proposed assignee or subtenant and of the precise conditions of the proposed assignment or subletting; and 15.4.3 the Tenant shall provide the Landlord with the nature of the business and credit references of the proposed subtenant or assignee as well as all information relating to the proposed assignee sublet or subtenant as well as the pertinent details of the assignment or sublettingassignment, which the Landlord deems necessary. The Landlord shall then have a period of ten (10) business days following receipt of a notice from the tenant complying with the conditions stated above, to accept or refuse the offer of assignment or subletting sublet by the Tenant or to cancel this Lease with respect to the Leased Premises affected by the subletting or the assignment as of the effective commencement date of such offer to sublet or assignassignment. Failure to reply within the stipulated delay shall not be deemed a consent by the Landlord of Tenant’s 's request pursuant to this section.

Appears in 1 contract

Samples: Lease Agreement (Haemacure Corp)

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