Pre-Approved Assignee Sample Clauses

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Pre-Approved Assignee. In addition to the foregoing and consistent with the terms of Section 14.8 subparts (A) – (C) above, Landlord and Tenant hereby acknowledge and agree that Original Tenant shall have the one-time right to assign its interest in this Lease without Landlord’s additional consent or being subject to the terms of Sections 14.1-14.4 above, to an entity in which Tenant owns at least fifty percent (50%) of the preferred shares and which entity has closed an equity financing with a current and future commitment of at least Thirty Million Dollars ($30,000,000) in cash or cash equivalents, as determined in accordance with generally accepted accounting practices, consistently applied (“GAAP”) and as evidenced by reasonable supporting documentation provided to Landlord. Such assignment shall be pursuant to the assignment form attached hereto as Exhibit I or another materially consistent form prepared by Tenant and approved by Landlord, which approval shall not be unreasonably withheld or delayed. The assignee pursuant to such an assignment shall be considered a “Permitted Assignee” hereunder. Upon such assignment pursuant to the express terms of this Section 14.9, notwithstanding Sections 14.5(v) and 14.8 above, Tenant shall be released by Landlord from all liability under this Lease.
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Related to Pre-Approved Assignee

  • Permitted Assignment Subject to the provisions of Section 5.6, the Company shall have the right to assign this contract to its successors or assigns, and all covenants or agreements hereunder shall inure to the benefit of and be enforceable by or against its successors or assigns.

  • Permitted Transferee 25 Person ......................................................................................25

  • Assignee The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

  • Rights of Unadmitted Assignees A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 hereof shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.

  • Parties Bound; Assignment This Agreement shall inure to the benefit of and shall be binding upon the respective successors and assigns of the Parties hereto, but it may not be assigned in whole or in part by Vendor without prior written notice to Purchaser which shall not be unreasonably withheld or delayed.