Common use of Representations of the Tenant Clause in Contracts

Representations of the Tenant. The Tenant hereby agrees that it shall not, outside the ordinary course of business, sell, transfer or alienate all or substantially all of the property hypothecated herein without the prior written consent of the Landlord, which consent shall not unreasonably be withheld. In the event of a transfer or alienation of the property to which the Landlord has granted its consent, the Tenant shall formally advise the Landlord by way of a written notice containing the name of the vendor and the purchaser and a description of the property sold. This notice must be accompanied by a copy of all deeds and documents relating to the sale, transfer or alienation of property, together with a certified copy of the inscription of a notice of conservation of the hypothec under the name of the purchaser with proof of transmission of such notice to the purchaser. In addition to the foregoing, it shall be required that any purchaser shall be required to assume, solidarily with the Tenant, all of the obligations of the Tenant contained in the Lease.

Representations of the Tenant. The Tenant hereby agrees that it shall not, outside the ordinary course of business, sell, transfer or alienate all or substantially all of the property hypothecated herein without the prior written consent of the Landlord, which consent shall will not unreasonably be withheld. In the event of a transfer or alienation of the property to which the Landlord has granted its consent, the Tenant shall formally advise the Landlord by way of a written notice containing the name of the vendor and the purchaser and a description of the property sold. This notice must be accompanied by a copy of all deeds and documents relating to the sale, transfer or alienation of property, together with a certified copy of the inscription of a notice of conservation of the hypothec under the name of the purchaser with proof of transmission of such notice to the purchaser. In addition to the foregoing, it shall be required that any purchaser shall be required to assume, solidarily with the Tenant, all of the obligations of the Tenant contained in the Lease.

Representations of the Tenant. The Tenant hereby agrees that it shall not, outside the ordinary course of businessOUTSIDE OF THE ORDINARY COURSE OF BUSINESS, sell, transfer or alienate all or substantially all SUBSTANTIALLY ALL of the property hypothecated herein without the prior written consent of the Landlord, which consent shall not unreasonably be withheldWHICH CONSENT SHALL NOT BE UNREASONABLY WITHHELD. In the event of a transfer or alienation of the property to which the Landlord has granted its consent, the Tenant shall formally advise the Landlord by way of a written notice containing the name of the vendor and the purchaser and a description of the property sold. This notice must be accompanied by a copy of all deeds and documents relating to the sale, transfer or alienation of property, together with a certified copy of the inscription of a notice of conservation of the hypothec under the name of the purchaser with proof of transmission of such notice to the purchaser. In addition to the foregoing, it shall be required that any purchaser new PURCHASER shall be required to assume, solidarily with the Tenant, all of the obligations of the Tenant contained in the Lease.