Prohibition on Assignment and Subletting. Tenant acknowledges that Landlord has entered into this Lease in reliance on the personal services and business expertise of Tenant. Tenant may not assign, sublet, mortgage, hypothecate, pledge, grant a right of first refusal or transfer any interest in this Lease, or in the Leased Property, in whole or in part, without the prior written consent of Landlord, which Landlord may withhold in its sole and absolute discretion. The following transactions will be deemed an assignment or sublease requiring Landlord’s prior written consent: [i] an assignment by operation of law; [ii] an imposition (whether or not consensual) of a lien, mortgage, or encumbrance upon Tenant’s interest in the Lease; [iii] an arrangement (including, but not limited to, management agreements, concessions, licenses, and easements) which allows the use or occupancy of all or part of the Leased Property by anyone other than Tenant; and [iv] a change of ownership of Tenant. Landlord’s consent to any assignment, right of first refusal or sublease will not release Tenant (or any guarantor) from its payment and performance obligations under this Lease, but rather Tenant, any guarantor, and Tenant’s assignee or sublessee will be jointly and severally liable for such payment and performance. An assignment, right of first refusal or sublease without the prior written consent of Landlord will be void at Landlord’s option. Landlord’s consent to one assignment, right of first refusal or sublease will not waive the requirement of its consent to any subsequent assignment or sublease. Notwithstanding the foregoing, Tenant may enter into a Sublease with each Subtenant for each Facility provided that each Sublease complies with §18.2 and Tenant may grant a sublease, concession, or license within the Facility or on the Leased Property, without Landlord’s consent, to any entity providing services within the Facility or on the Leased Property to Tenant’s inpatients and employees including, without limitation, pharmacy, radiology, cafeteria and gift shop services; provided each agreement shall be in writing, a fully executed copy shall be provided to Landlord within 10 Business Days of execution, and each agreement shall expressly provide that such agreement terminates if and when the Lease terminates.
Prohibition on Assignment and Subletting. Tenant may not sublet or assign the Premises, or any portion of the Premises, or otherwise transfer its interest under this Lease without Landlord’s prior written consent, which consent shall not be unreasonably withheld. Any attempted assignment, sublet, or transfer made in violation of this provision shall be void. If Tenant requests Xxxxxxxx’s consent to an assignment or subletting, then Tenant shall pay to Landlord, as additional rent, within ten (10) days after written demand, Landlord’s actual attorneys’ fees incurred in connection with evaluating the request and any assignment documents or sublease and in connection with processing any required documents, or $10,000.00, whichever is greater.
Prohibition on Assignment and Subletting. Tenant may not sublet the Premises or assign, or otherwise transfer its interest under this Lease without Landlord’s prior written consent, which consent may be withheld on Landlord’s sole and absolute discretion. Any transfer of fifty percent (50%) or more of the ownership interests in Tenant in one or a series of transactions, any change in control of Tenant (as defined based on the Tenant’s operating agreement or governing corporate documents), or any change in the persons providing the Lease Guaranty pursuant to Section 9 hereto, shall be deemed to constitute an assignment (and shall therefore require Landlord’s prior written consent). Any attempted assignment, sublet or transfer made in violation of this provision shall be void. If Tenant requests Xxxxxxxx’s consent to an assignment or subletting, then Tenant shall pay to Landlord, as additional rent, within ten (10) days after written demand, the greater of $10,000 or Landlord’s actual attorneys’ fees incurred in connection with evaluating the request and any assignment documents or sublease and in connection with processing any required documents.
Prohibition on Assignment and Subletting. The Tenant shall not assign, sublet, grant any right of occupancy of all or part of the Premises or grant or permit any charge or encumbrance against the Premises or the Tenant's interest therein without the Landlord's prior consent in writing, which consent shall not be unreasonably withheld, provided that the Tenant has not defaulted in payment of any Rent under this Lease and is not in default under this Lease at the time of the request for consent and that no such assignment, subletting or grant for which such consent has been provided shall in any manner release the Tenant from any covenant to be observed or performed by it hereunder. The Tenant acknowledges that it shall be reasonable for the Landlord to consider, among other things, the responsibility, reputation, financial standing and business of the proposed assignee, sublessee or grantee. Any such assignment, sublease or grant relating to this Lease if consented to by the Landlord will be prepared by the Landlord or its solicitors, and all legal costs of its preparation will be paid by the Tenant. Notwithstanding the foregoing, provided that the Tenant has not defaulted under this Lease, the Tenant shall be entitled to assign or sublet all or a portion of the Premises to any company that is non-arm's length to the Tenant, without the Landlord's consent, upon written notice to the Landlord.
Prohibition on Assignment and Subletting. The Tenant must not assign or sublet the whole or any part of the Property.
Prohibition on Assignment and Subletting. Tenant may not sublet the Premises or assign, or otherwise transfer its interest under this Lease without Landlord’s prior written consent, which consent may be withheld on Landlord’s sole and absolute discretion. Any transfer of fifty percent (50%) or more of the ownership interests in Tenant in one or a series of transactions, any change in control of Tenant, or any change in the persons providing the Lease Guaranty pursuant to Section 9, shall be deemed to constitute an assignment (and shall therefore require Xxxxxxxx’s prior written consent). Any attempted assignment, sublet or transfer made in violation of this provision shall be void. If Tenant requests Xxxxxxxx’s consent to an assignment or subletting, then Tenant shall pay to Landlord, as additional rent, within ten (10) days after written demand, the greater of $10,000 or Landlord’s actual attorneys’ fees incurred in connection with evaluating the request and any assignment documents or sublease and in connection with processing any required documents; provided, however, that in the event only one of the signatories to this Lease transfers his or her ownership interest, to the other lease signatory the amount paid by Tenant for such costs shall not exceed $1,000.
Prohibition on Assignment and Subletting. Tenant may not sublet the Premises or assign, or otherwise transfer its interest under this Lease. Any attempted assignment, sublet or transfer made in violation of this provision shall be void.
Prohibition on Assignment and Subletting. Except as provided below, Landlord’s consent shall not be required for any Permitted Transfer. Landlord’s prior written consent shall be required for each Restricted Transfer, which consent Landlord may withhold in its sole and absolute discretion. A Restricted Transfer without the prior written consent of Landlord will be void at Landlord’s option. Landlord’s consent to one Restricted Transfer will not waive the requirement of its consent to any subsequent Restricted Transfer. Tenant may enter into a Facility Sublease with each Subtenant for each Facility provided that each Facility Sublease complies with §18.2. None of GEN, Tenant or any of their respective subsidiaries will issue equity to any Publicly Listed Entity that is a real estate investment trust for United States income tax purposes and invested in skilled nursing, post-acute care, assisted living, medical or other healthcare facilities (other than HCN) without the consent of HCN (other than in connection with a registered underwritten public offering of equity by GEN or any other Publicly Listed Entity).
Prohibition on Assignment and Subletting. Except as provided below, Landlord’s consent shall not be required for any Permitted Transfer. Landlord’s prior written consent shall be required for each Restricted Transfer, which consent Landlord may withhold in its sole and absolute discretion. A Restricted Transfer without the prior written consent of Landlord will be void at Landlord’s option. Landlord’s consent to one Restricted Transfer will not waive the requirement of its consent to any subsequent Restricted Transfer. Tenant may enter into a Facility Sublease with each Subtenant for each Facility provided that each Facility Sublease complies with §18.2.
Prohibition on Assignment and Subletting. Tenant may not sublet the Premises or assign, or otherwise transfer any interest under this Lease without Landlord’s prior written consent, which consent may be withheld on Landlord’s sole and absolute discretion. Any transfer of fifty percent (50%) or more of the ownership interests in any tenant in one or a series of transactions, any change in control of any tenant (as defined based on the respective tenant’s operating agreement or governing corporate documents), or any change in the persons providing the Lease Guaranty pursuant to Section 9 hereto, shall be deemed to constitute an assignment (and shall therefore require Landlord’s prior written consent). Any attempted assignment, sublet or transfer made in violation of this provision shall be void.
