Common use of Procedure to Obtain Consent to Transfer Clause in Contracts

Procedure to Obtain Consent to Transfer. If Tenant desires to undertake a Transfer, it may seek City’s consent thereto. Tenant covenants that before entering into or permitting any Transfer, it shall provide to City written notice at least ninety (90) days before the proposed effective date of the Transfer. Notwithstanding the foregoing, City reserves the right to allow Tenant, on a case-by-case basis, to submit to City for City’s consent, Transfers that would have become effective but for Tenant’s failure to seek City’s prior written consent. In any event, Tenant’s written request to City for consent shall hereinafter be referred to as “Transfer Notice.”

Procedure to Obtain Consent to Transfer. If Tenant desires to undertake a Transfer, it may seek City’s consent thereto. Tenant covenants that before entering into or permitting any Transfer, it shall provide to City written notice at least ninety (90) days before the proposed effective date of the Transfer. Notwithstanding the foregoing, City reserves the right to allow TenantXxxxxx, on a case-by-case basis, to submit to City for City’s consent, Transfers that would have become effective but for Tenant’s failure to seek City’s prior written consent. In any event, TenantXxxxxx’s written request to City for consent shall hereinafter be referred to as “Transfer Notice.”