Common use of REQUESTS TO ASSIGN OR SUBLET Clause in Contracts

REQUESTS TO ASSIGN OR SUBLET. In connection with any request by Tenant for such consent to assign or sublet, Tenant shall submit to Landlord, in writing, a statement containing the name of the proposed assignee or subtenant, such information as to its financial responsibility and standing as Landlord may reasonably require, and all of the terms and provisions upon which the proposed assignment or subletting is to be made, and, unless the proposed area to be assigned or sublet shall constitute an entire floor or floors, such statement shall be accompanied by a floor plan delineating the proposed area to be assigned or sublet. As long as Tenant is not in default (beyond any applicable grace periods) under any of the terms, covenants and conditions of this Lease on Tenant's part to be observed and performed, Landlord shall not unreasonably withhold or delay Landlord's prior consent to the assignment or subletting(s) by Tenant of all or parts of the Demised Premises. Each such subletting shall be for undivided occupancy by the subtenant of that part of the Demised Premises affected thereby for the use permitted under this Lease and at no time shall there be more than three (3) occupants, including Tenant, within the Demised Premises. Landlord may, however, withhold such consent if, in Landlord's reasonable judgment, the proposed assignee or subtenant is not engaged in a business consistent with the character and dignity of the Building, or will impose any additional material burden upon Landlord in the operation of the Building (to an extent greater than the burden to which Landlord would have been put if Tenant continued to use, or used, such part of the Demised Premises for its own purposes), or if Landlord has any other reasonable objections to the proposed assignment or subletting.

Appears in 1 contract

Samples: Lease Agreement (International Integration Inc)

AutoNDA by SimpleDocs

REQUESTS TO ASSIGN OR SUBLET. In connection with any request by Tenant for such consent to assign or sublet, Tenant shall submit to Landlord, in writing, a statement containing the name of the proposed assignee or subtenant, such information as to its financial responsibility and standing as Landlord may reasonably require, and all of the terms and provisions upon which the proposed assignment or subletting is to be made, and, unless the proposed area to be assigned or sublet shall constitute an entire floor or floors, such statement shall be accompanied by a floor plan delineating the proposed area to be assigned or sublet. As Subject to Landlord's rights pursuant to Article 12.4 hereof, as long as Tenant is not in default (beyond any applicable grace periods) under any of the terms, covenants and conditions of this Lease on Tenant's part to be observed and performed, Landlord shall not unreasonably withhold or delay Landlord's prior consent to the assignment or subletting(s) by Tenant of all or parts of the Demised Premises. Each such subletting shall be for undivided occupancy by the subtenant of that part of the Demised Premises affected thereby for the use permitted under this Lease and at no time shall there be more than three (3) occupants, including Tenant, within the Demised Premises. Landlord mayPremises (provided, however, that all Related Entities of Tenant occupying a portion of the Demised Premises under authorized subleases from Tenant shall collectively be counted as a single occupant for purposes of the foregoing limitation). Landlord may withhold such its consent if, in Landlord's reasonable judgment, (i) the proposed assignee or subtenant is not engaged in a business consistent with the character and dignity of the Building, or (ii) the proposed assignment or sublease will impose any an additional material burden upon Landlord in the operation of the Building (to an extent greater than the burden to which Landlord would have been put if Tenant continued to use, or used, such part of the Demised Premises for its own purposes), or if (iii) Landlord has any other reasonable objections objection(s) to the proposed assignment or subletting. Notwithstanding the foregoing provisions of this Section 12.2, a sublease of all or a portion of the Demised Premises to a Related Entity of Genzyme Corporation shall not require the prior written consent of Landlord, provided that in each instance (a) prior to occupancy, Tenant shall provide to Landlord written notice of such sublease indicating the name of the sublessee and its relationship to Tenant, along with a true and complete copy of the sublease instrument, and (b) the use of the Demised Premises by such sublessee shall comply with the applicable terms and conditions of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Genzyme Corp)

REQUESTS TO ASSIGN OR SUBLET. In connection with any request by ---------------------------- Tenant for such consent to assign or sublet, Tenant shall submit to Landlord, in writing, a statement containing the name of the proposed assignee or subtenant, such information as to its financial responsibility and standing as Landlord may reasonably require, and all of the terms and provisions upon which the proposed assignment or subletting is to be made, and, unless the proposed area to be assigned or sublet shall constitute an entire floor or floors, such statement shall be accompanied by a floor plan delineating the proposed area to be assigned or sublet. In no event shall Tenant sublet the Demised Premises for a rent which is less than the then fair market rent for new leases in the Building as determined by Landlord in its sole reasonable discretion. As long as Tenant is not in default (beyond any applicable grace periods) under any of the terms, covenants and conditions of this Lease on Tenant's part to be observed and performed, Landlord shall not unreasonably withhold or delay Landlord's prior consent to the assignment or subletting(s) by Tenant of all or parts of the Demised Premises. Each such subletting shall be for undivided occupancy by the subtenant of that part of the Demised Premises affected thereby for the use permitted under this Lease and at no time shall there be more than three (3) occupants, including Tenant, within the Demised Premises. Landlord may, however, withhold such consent if, in Landlord's reasonable judgment, the proposed assignee or subtenant is not engaged in a business consistent with the character and dignity of the Building, or will impose any additional material burden upon Landlord in the operation of the Building (to an extent greater than the burden to which Landlord would have been put if Tenant continued to use, or used, such part of the Demised Premises for its own purposes), or if Landlord has any other reasonable objections to the proposed assignment or subletting. Any Colocation shall not be deemed an assignment or subletting.

Appears in 1 contract

Samples: Lease (Focal Communications Corp)

AutoNDA by SimpleDocs

REQUESTS TO ASSIGN OR SUBLET. In connection with any request by ---------------------------- Tenant for such consent to assign or sublet, Tenant shall submit to Landlord, in writing, a statement containing the name of the proposed assignee or subtenant, such information as to its financial responsibility and standing as Landlord may reasonably require, and all of the terms and provisions upon which the proposed assignment or subletting is to be made, and, unless the proposed area to be assigned or sublet shall constitute an entire floor or floors, such statement shall be accompanied by a floor plan delineating the proposed area to be assigned or sublet. As long as Tenant is not in default (beyond any applicable grace periods) under any of the terms, covenants and conditions of this Lease on Tenant's part to be observed and performed, Landlord shall not unreasonably withhold or delay Landlord's prior consent to the assignment or subletting(s) by Tenant of all or parts of the Demised Premises. Each such subletting shall be for undivided occupancy by the subtenant of that part of the Demised Premises affected thereby for the use permitted under this Lease and at no time shall there be more than three (3) occupants, including Tenant, within the Demised Premises. Landlord may, . however, . withhold such consent if, in Landlord's reasonable judgment, the proposed assignee or subtenant is not engaged in a business consistent with the character and dignity of the Building, or will impose any additional material burden upon Landlord in the operation of the Building (to an extent greater than the burden to which Landlord would have be been put if Tenant continued to use, or used, . such part of the Demised Premises for its own purposes), or if Landlord has any other reasonable objections to the proposed assignment or subletting.

Appears in 1 contract

Samples: Lease (Mainspring Communications Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!