Prohibition Against Subletting and Assignment. Subject to Section 13.03, Tenant shall not, without the prior written consent of Landlord (which consent Landlord may grant or withhold in its sole and absolute discretion), assign, mortgage, pledge, hypothecate, encumber or otherwise transfer (except to an Affiliate of Tenant) (as defined) this Agreement or any Lease or any interest herein or therein, or all or any part of the Leased Property, or suffer or permit any Lease or the leasehold estate created thereby or any other rights arising under any Lease to be assigned, transferred, mortgaged, pledged, hypothecated or encumbered, in whole or in part, whether voluntarily, involuntarily or by operation of law (except to an Affiliate of Tenant). For purposes of this Section 13.01, an assignment of any Lease shall be deemed to include any Change of Control of Tenant, as if such Change of Control were an assignment of the Lease. No assignment shall in any way impair the continuing primary liability of Tenant hereunder.
Prohibition Against Subletting and Assignment. Subject to ---------------------------------------------
Prohibition Against Subletting and Assignment. Except as provided in Section 23.3 or Section 23.4 and where required pursuant to Section 23.2, Tenant shall not, without the prior written consent of Landlord (which consent may not be unreasonably withheld, conditioned or delayed except that Landlord may grant or withhold its consent in its sole discretion for a proposed mortgage, pledge, hypothecation or encumbrance), assign, mortgage, pledge, hypothecate, encumber or otherwise transfer (except to an Affiliate of Tenant) this Lease or any interest in this Lease, all or any part of the Leased Property or suffer or permit this Lease or the leasehold estate created hereby or any other rights arising under this Lease to be assigned, transferred, mortgaged, pledged, hypothecated or encumbered, in whole or in part, whether voluntarily, involuntarily or by operation of law. For purposes of this Section 23.1, an assignment of this Lease shall be deemed to include any Change of Control of Tenant, as if such Change of Control were an assignment of this Lease." The first paragraph of Section 23.4 is deleted in its entirety and is replaced with the following:
Prohibition Against Subletting and Assignment. Subject to Section 13.03, Tenant shall not, without the prior written consent of Landlord, or upon compliance with any conditions established by Landlord, in its sole discretion, assign, mortgage, pledge, hypothecate, encumber or otherwise transfer (except to an Affiliate) this Lease or any interest herein, or all or any part of any Leased Property, or suffer or permit this Lease or the leasehold estate created hereby or any other rights arising hereunder to be assigned, transferred, mortgaged, pledged, hypothecated or encumbered, in whole or in part, whether voluntarily, involuntarily or by operation of law. For purposes of this Section 13.01, an assignment of this Lease shall be deemed to include any Change of Control of Tenant, as if such Change of Control were an assignment of the Lease. In the event that (i) Landlord shall withhold any consent to any assignment or transfer of this Lease or any interest herein, and (ii) such assignee or transferee is approved by the relevant manufacturer for continuation as a franchisee, there shall be a presumption that such assignment or transfer was reasonable and Landlord shall have the burden of rebutting such presumption and of proving that such consent was in fact reasonably withheld (or that such conditions were reasonable).
Prohibition Against Subletting and Assignment. Lessee shall not sublet or assign any portion of the premises or any right under this agreement without the prior written consent of the Lessor, which consent will not be unreasonably withheld. This includes but is not limited to subletting for the summer months. Any assignment or subletting without the prior written consent of Lessor shall be void, and at the option of Lessor, shall allow Lessor to terminate this agreement. If Lessee wishes to assign or sublet an interest in this agreement or a portion of the premises, Lessee must comply with the following requirements to allow Lessor the opportunity to review and reasonably determine whether to consent to such request:
a. The requesting party shall obtain written consent from all remaining Lessees to the assignment or subletting to the proposed Lessee or subtenant;
b. The proposed Lessee (whether by assignment or sublease) shall complete and submit a rental application for review and approval by Lessor;
c. The remaining Lessees and the proposed Lessee (whether by assignment or sublease) shall execute an agreement in the form required by the Lessor confirming in writing the assignment or sublease and the continuation of the obligations of all parties under this lease agreement; and
d. The proposed Lessee shall submit, together with the foregoing documentation, a processing fee of $105.00 for review and consideration of the sublease or $165 for coordination, review and consideration of the lease assignment. Within seven (7) days of the submission and completion of all of the foregoing documents and the required fee, Lessor shall either approve or disapprove of the subletting and assignment request. Lessee and sublessee understand that at least one Lessee from original lease agreement must be present to pick up keys and complete the Inventory and Condition Report.
Prohibition Against Subletting and Assignment. Subject to Section 13.03, Tenant shall not, without the prior written consent of Landlord (which consent Landlord may grant or withhold in its sole and absolute discretion), assign, mortgage, pledge, hypothecate, encumber or otherwise transfer (except to an Affiliate of Tenant) (as defined) this Agreement or any Lease or any interest herein or therein, or all or any part of the Leased Property, or suffer or permit any Lease or the leasehold estate created thereby or any other rights arising under any Lease to be assigned,
Prohibition Against Subletting and Assignment. Except for the --------------------------------------------- Sublease, assignments permitted under Paragraph 17 of the Basic Lease ------------ Provisions, and permitted subleases under Section 22.3, Tenant shall not, ------------ without the prior written consent of Landlord (which consent Landlord shall not unreasonably withhold), assign sublease, mortgage, pledge, hypothecate, encumber or otherwise transfer (except to an Affiliate of Tenant) the Lease or any interest therein, all or any part of the Leased Property or suffer or permit the Lease or the leasehold estate created hereby or thereby or any other rights arising under the Lease to be assigned, transferred, mortgaged, pledged, hypothecated or encumbered, in whole or in part, whether voluntarily, involuntarily or by operation of law. If Landlord consents in writing to an assignment of this Lease by Tenant, then, so long as the assignee assumes in writing Tenant's obligations under this Lease, Tenant shall be released from all liability under this Lease relating to any period after the effective date of the assignment. For purposes of this Section 22.1, an assignment of the Lease ------------ shall be deemed to include any Change of Control of Tenant, as if such Change of Control were an assignment of the Lease.
Prohibition Against Subletting and Assignment. Subject to Section 24.3, Tenant shall not, without the prior written consent of Landlord (which consent Landlord may grant or withhold in its sole and absolute discretion, except as hereinafter expressly provided), assign, mortgage, pledge, hypothecate, encumber or otherwise transfer (except to an Affiliate of Tenant) this Lease or any interest herein, all or any part of the Leased Property or suffer or permit this Lease or the leasehold estate created hereby or any other rights arising under this Lease to be assigned, transferred, mortgaged, pledged, hypothecated or encumbered, in whole or in part, whether voluntarily, involuntarily or by operation of law; provided, however, that Landlord's consent to a proposed assignment of this Lease shall not be withheld if, as of the date of such assignment (a) the proposed assignee shall also be the assignee of all Other Property Leases, in accordance with the terms and conditions for assignment set forth therein, (b) the proposed assignee (together with any proposed guarantor(s) of the proposed assignee's obligations under the Lease) has a net worth, as evidenced by audited financial statements, of at least Thirty Million Dollars ($30,000,000.00) and (c) the proposed assignee, together with its Affiliates, manages or operates at least thirty (30) golf courses (hereinafter collectively called the "Minimum Assignee Qualifications"). Landlord shall have a period of thirty (30) days after delivery to it of a request for assignment together with the financial and other information on the proposed assignee (and any proposed guarantors) necessary for Landlord to evaluate whether the proposed assignee satisfies the Minimum Assignee Qualifications and Landlord's failure to respond within thirty (30) days of Landlord's receipt of a request for assignment and all required information (as evidenced by a receipt signed and dated by Landlord) shall be deemed Landlord's approval of said assignee and said assignment. Any notice withholding consent must specify in detail the reasonable grounds for Landlord so withholding its consent. For purposes of this Section 24.1, an assignment of this Lease shall be deemed to include any Change of Control of Tenant, as if such Change of Control were an assignment of this Lease.
Prohibition Against Subletting and Assignment. Subject to --------------------------------------------- Section 13.03, Tenant shall not, without the prior written consent of Landlord, or upon compliance with any conditions established by Landlord, in its sole discretion, assign, mortgage, pledge, hypothecate, encumber or otherwise transfer (except to an Affiliate) this Lease or any interest herein, or all or any part of any Leased Property, or suffer or permit this Lease or the leasehold estate created hereby or any other rights arising hereunder to be assigned, transferred, mortgaged, pledged, hypothecated or encumbered, in whole or in part, whether voluntarily, involuntarily or by operation of law. For purposes of this Section 13.01, an assignment of this Lease shall be deemed to include any Change of Control of Tenant, as if such Change of Control were an assignment of the Lease. In the event that (i) Landlord shall withhold any consent to any assignment or transfer of this Lease or any interest herein, and (ii) such assignee or transferee is approved by the relevant manufacturer for continuation as a franchisee, there shall be a presumption that such assignment or transfer was reasonable and Landlord shall have the burden of rebutting such presumption and of proving that such consent was in fact reasonably withheld (or that such conditions were reasonable). No assignment shall in any way impair the continuing primary liability of the assigning Tenant hereunder. Notwithstanding anything else in this Lease, Tenant shall have the right, without prior written consent of Landlord, to mortgage, pledge, hypothecate or otherwise encumber its leasehold estate in any Leased Property, provided, that the same does not adversely -------- affect the Landlord's rights or estate in and to the Leased Property or those of any person claiming through or under the Landlord, including any pledgee or mortgagee thereof.
Prohibition Against Subletting and Assignment. Subject to Section 12.03, Tenant shall not, without the prior written consent of Landlord (which consent Landlord may grant or withhold in its sole and absolute discretion), assign, sublease, mortgage, pledge, hypothecate, encumber or otherwise transfer this Agreement or any Lease or any interest herein or therein, or all or any part of the Leased Property, or suffer or permit any Lease or the leasehold estate created thereby or any other rights arising under any Lease to be assigned, transferred, mortgaged, pledged, hypothecated or encumbered, in whole or in part, whether voluntarily, involuntarily or by operation of law. For purposes of this Section 12.01, an assignment of any Lease shall be deemed to include any Change of Control of Tenant, as if such Change of Control were an assignment of the Lease. No assignment shall in any way impair the continuing primary liability of Tenant hereunder.
