Common use of Restrictions on Transfers; Landlord’s Consent Clause in Contracts

Restrictions on Transfers; Landlord’s Consent. 10.1.1 Except for Permitted Transfers (defined in Section 10.1.2), Permitted Agreements (defined in Section 10.4) and Permitted Subleases (defined in Section 10.5), in each case, in accordance with the terms and conditions of this Lease, Tenant shall not: (a) sublease or license all or any part of the Tenant Space, nor assign all or any part of this Lease; (b) permit a third party (other than Tenant’s employees and occasional guests) to occupy or use any portion of the Tenant Space; (c) otherwise assign, transfer, license, franchise, mortgage, charge, pledge, hypothecate, encumber or permit a lien or security interest to attach to its leasehold interest under this Lease; or (d) permit a Change of Control of Tenant, which changes the identity of the Persons having lawful use or occupancy of any part of the Property (each of the foregoing or the like or any purported or conditional attempt to do so may sometimes be referred to herein as a “Transfer” and any Person to whom a Transfer is made or sought to be made is referred to herein as a “Transferee”), without Landlord’s express prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. The term “

Appears in 1 contract

Samples: Indemnity Agreement (Equinix Inc)

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Restrictions on Transfers; Landlord’s Consent. 10.1.1 Except for Permitted Transfers (defined in Section 10.1.210.1.1), Permitted Agreements (defined in Section 10.4) and Permitted Subleases (defined in Section 10.5), in each case, in accordance with the terms and conditions of this Lease, Tenant shall not: (a) not sublease or license all or any part of the Tenant Space, nor assign all or any part of this Lease; , nor enter into any other agreement (ba) permit permitting a third party (other than Tenant’s employees and occasional guests) to occupy or use any portion of the Tenant Space; , or (cb) otherwise assignassigning, transfertransferring, licenselicensing, franchisemortgaging, mortgagepledging, chargehypothecating, pledge, hypothecate, encumber encumbering or permit permitting a lien or security interest to attach to its leasehold interest under this Lease; or Lease (d) permit a Change of Control of Tenantany such assignment, which changes the identity of the Persons having lawful use or occupancy of any part of the Property (each of the foregoing sublease, license or the like or any purported or conditional attempt to do so may sometimes be referred to herein as a “Transfer” and any Person person or entity to whom a Transfer is made or sought to be made is referred to herein as a “Transferee”), without Landlord’s express prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. The term “Transfer” shall also include any sublease or sub-license of whatever tier. Except for Permitted Transfers and Permitted Agreements, no Transfer (whether voluntary, involuntary or by operation of law) shall be valid or effective without Landlord’s prior written consent and, at Landlord’s election, any Transfer or attempted Transfer shall constitute an Event of Default of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Equinix Inc)

Restrictions on Transfers; Landlord’s Consent. 10.1.1 Except for Permitted Transfers (defined in Section 10.1.2), Permitted Agreements (defined in Section 10.410.1.1) and Permitted Subleases Agreements (defined in Section 10.5), in each case, in accordance with the terms and conditions of this Lease, Tenant shall not: (a) not sublease or license all or any part of the Tenant Space, nor assign all or any part of this Lease; , nor enter into any other agreement (ba) permit permitting a third party (other than Tenant’s employees and occasional guests) to occupy or use any portion of the Tenant Space; Space or (cb) otherwise assignassigning, transfertransferring, licenselicensing, franchisemortgaging, mortgagepledging, chargehypothecating, pledge, hypothecate, encumber encumbering or permit permitting a lien or security interest to attach to its leasehold interest under this Lease; or Lease (d) permit a Change of Control of Tenantany such assignment, which changes the identity of the Persons having lawful use or occupancy of any part of the Property (each of the foregoing sublease, license or the like or any purported or conditional attempt to do so may sometimes be referred to herein as a “Transfer” and any Person person or entity to whom a Transfer is made or sought to be made is referred to herein as a “Transferee”), without Landlord’s express prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. The term “Transfer” shall also include any sublease or sub-license of whatever tier. Except for Permitted Transfers and Permitted Agreements, no Transfer (whether voluntary, involuntary or by operation of law) shall be valid or effective without Landlord’s prior written consent and, at Landlord’s election, any Transfer or attempted Transfer shall constitute an Event of Default of this Lease.

Appears in 1 contract

Samples: Turn Key Datacenter Lease (Equinix Inc)

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Restrictions on Transfers; Landlord’s Consent. 10.1.1 Except for Permitted Transfers (defined in Section 10.1.210.1.1), Permitted Agreements (defined in Section 10.410.5) and Permitted Subleases (defined in Section 10.510.6), in each case, in accordance with the terms and conditions of this Lease, Tenant shall not: (a) not sublease or license all or any part of the Tenant Space, nor assign all or any part of this Lease; , nor enter into any other agreement (ba) permit permitting a third party (other than Tenant’s employees and occasional guests) to occupy or use any portion of the Tenant Space; Space or (cb) otherwise assignassigning, transfertransferring, licenselicensing, franchisemortgaging, mortgagepledging, chargehypothecating, pledge, hypothecate, encumber encumbering or permit permitting a lien or security interest to attach to its leasehold interest under this Lease; or Lease (d) permit a Change of Control of Tenantany such assignment, which changes the identity of the Persons having lawful use or occupancy of any part of the Property (each of the foregoing sublease, license or the like or any purported or conditional attempt to do so may sometimes be referred to herein as a “Transfer” and any Person person or entity to whom a Transfer is made or sought to be made is referred to herein as a “Transferee”), without Landlord’s express prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. The term “Transfer” shall also include any sublease or sub-license of whatever tier. Except for Permitted Transfers and Permitted Agreements, no Transfer (whether voluntary, involuntary or by operation of law) shall be valid or effective without Landlord’s prior written consent and, at Landlord’s election, any Transfer or attempted Transfer shall constitute an Event of Default of this Lease.

Appears in 1 contract

Samples: Duane Avenue (Equinix Inc)

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