Common use of Right of Assignment and Subletting Clause in Contracts

Right of Assignment and Subletting. 10.1.1 Tenant shall have the free right to assign this Lease or sublet the Premises provided Tenant remains liable under this Lease and provided that the proposed assignee's intended use does not violate any protected, exclusive or restricted uses then in effect with respect to the Premises. Notwithstanding the foregoing, Tenant shall not mortgage, pledge or hypothocate this Lease or Tenant's interest in and to the Premises or any part thereof without the prior written consent of Landlord, which consent shall not be unreasonably withheld.

Appears in 4 contracts

Samples: Assignment and Assumption of Lease (Aei Income & Growth Fund 23 LLC), Assignment and Assumption of Lease (Aei Income & Growth Fund 25 LLC), Assignment and Assumption of Lease (Aei Income & Growth Fund Xxii LTD Partnership)

AutoNDA by SimpleDocs

Right of Assignment and Subletting. 10.1.1 Tenant shall have the free right to assign this Lease or sublet the Premises provided Tenant remains liable under this Lease and provided that the proposed assignee's intended use does not violate any protected, exclusive or restricted uses then in effect effect~ with respect to the Premises. Notwithstanding the foregoing, Tenant shall not mortgage, pledge or hypothocate this Lease or Tenant's interest in and to the Premises or any part thereof without the prior written consent of Landlord, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Aei Real Estate Fund Xviii Limited Partnership)

AutoNDA by SimpleDocs

Right of Assignment and Subletting. 10.1.1 Tenant shall have the free right to assign this Lease or sublet the entire Premises provided that in any such case Tenant remains shall remain liable under this Lease and further provided that the proposed assignee's or sublessee's intended use does not violate any protected, exclusive or restricted uses then in effect with respect to the Premises. Notwithstanding the foregoing, Tenant shall not mortgage, pledge or hypothocate this Lease or Tenant's interest in and to the Premises or otherwise violate any part thereof without the prior written consent of Landlordother term, which consent shall not be unreasonably withheldcovenant or condition contained in this Lease.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Aei Income & Growth Fund 25 LLC)

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