Permitted Assignment by Tenant Clause Samples
The Permitted Assignment by Tenant clause defines the circumstances under which a tenant is allowed to transfer their lease rights or obligations to another party. Typically, this clause outlines specific conditions or approvals required for such an assignment, such as obtaining the landlord’s consent or meeting certain financial criteria. By establishing clear guidelines for when and how assignments can occur, the clause provides flexibility for tenants while protecting the landlord’s interests, ultimately ensuring that both parties understand the process and limitations of transferring lease responsibilities.
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Permitted Assignment by Tenant. Notwithstanding anything to the contrary herein, Tenant may assign all or a portion of its rights and obligations hereunder to (i) to one or more Affiliates of Tenant, (ii) to any person succeeding to all or substantially all of the assets of Tenant, (iii) to an entity that acquires the Solar
Permitted Assignment by Tenant. 19 (1) Tenant may after the Demised Premises has been open to the public for 20 thirty-six (36) months, assign this Lease (it being agreed that any assignment of this Lease by the 21 consummation of any merger, consolidation, or purchase of stock shall be deemed an assignment of this 22 Lease) to any successor by merger or consolidation with respect to, or purchaser of all or substantially all 23 of Tenant's stock (or other equity interests) or assets related to, Tenant's business, provided that such 24 successor or purchaser (such successor or purchaser being herein called a "Successor"), is deemed 25 qualified by Landlord and Net Lessor, each in its good faith discretion, based on all criteria considered 26 relevant by them, including without limitation financial capacity and capability, business reputation, and 27 venue design, construction and operation experience in comparison to that of Tenant, Tenant's Parent and