Right of Tenant. Tenant shall have the right from time to time and at any time, without obtaining the approval of Landlord, to mortgage, pledge or otherwise encumber all or any portion of the right, title and estate of Tenant in the Premises or in this Lease.
Right of Tenant. If the Tenant is not in default with respect to the payment of Rent hereby reserved, which default persists beyond any applicable cure period, the Tenant shall and may peaceably enjoy and possess the Demised Premises during the Term, without any interruption or disturbance whatsoever from the Landlord or any other Person, firm or corporation lawfully claiming from or under the Landlord, and free from the adverse claims of any Persons whatsoever and the Landlord will protect the Tenant, with full, complete and absolute possession of the Demised Premises subject in each case only to the other express provisions of this Sublease. The Landlord covenants and agrees that no exclusive uses, rights or privileges shall be granted to any Persons (nor will the Landlord consent to same) which would affect the use of the Demised Premises without the written consent of the Tenant. The Landlord covenants and agrees that if any lien or encumbrance is registered against the Demised Premises which may result in the sale thereof or which causes harm to the Tenant, then the Landlord, shall, as soon as is reasonable possible, at its own expense cause the same to be removed by payment to the lien claimant or posting security in the appropriate court of any like proceeding.
Right of Tenant. Notwithstanding anything contained in this Article 10 to the contrary, as long as no Event of Default then exists, Tenant shall have the right, subject to the terms and conditions hereinafter set forth, without the consent of Landlord but upon at least ten (10) business days prior written notice to Landlord, to do the following:
(i) Assign its interest in this Lease to (A) any corporation which is a successor to Tenant either by merger or consolidation, (B) a purchaser of all or substantially all of Tenant’s assets (provided such purchaser shall have also assumed substantially all of Tenant’s liabilities), or (C) a corporation, partnership or other entity which shall control, be under the control of, or be under common control with, Tenant (the term “control” as used herein shall be deemed to mean ownership, directly or indirectly, of more than fifty percent (50%) of the outstanding voting stock of a corporation, or other majority equity and control interest if Tenant is not a corporation) (any such entity being a “Permitted Transferee”); or
(ii) Sublease all or any portion of the Premises to a Permitted Transferee.
Right of Tenant. Tenant, from time to time during the term of this Lease, may make one or more Recognized Mortgages, PROVIDED that:
Right of Tenant. If the Tenant is not in default with respect to the payment of Rent hereby reserved, which default persists beyond any applicable cure period, the Tenant shall and may peaceably enjoy and possess the Demised Premises during the Term, without any interruption or disturbance whatsoever from the Landlord or any other Person, firm or corporation lawfully claiming from or under the Landlord, and free from the adverse claims of any Persons whatsoever and the Landlord will protect the Tenant, with full, complete and absolute possession of the Demised Premises subject in each case only to the other express provisions of this Lease. The Landlord covenants and agrees that no exclusive uses, rights or privileges shall be granted to any Persons (nor will the Landlord consent to same) which would affect the use of the Demised Premises without the written consent of the Tenant, which consent may be withheld in the sole discretion of the Tenant. The Landlord covenants and agrees that if any lien or encumbrance is registered against the Demised Premises which may result in the sale thereof or which causes harm to the Tenant, then the Landlord, shall, as soon as is reasonable possible, at its own expense cause the same to be removed by payment to the lien claimant or posting security in the appropriate court of any like proceeding.
Right of Tenant. Provided that Tenant is not in default under --------------- the Lease, Tenant shall have a right of first offer ("Offer Right") to lease approximately 1,980 square feet of space (the "Phase 3 Additional Space") on the second floor of the 4600 Xxxxxxxx Building, as more particularly shown on Exhibit A during the remainder of the Term. ---------
Right of Tenant. Provided that Tenant is not then in default under the terms of this Lease, Tenant shall have an ongoing and continuous first right of refusal ("Refusal Right") during the Term of this Lease to lease additional contiguous space which may be or may become available for lease in the Building (the "Refusal Space").
Right of Tenant. Tenant, from time to time during the term of this Lease, may make one or more Recognized Mortgages, provided that:
Right of Tenant. Tenant, from time to time during the term of this Lease, may make one or more Recognized Mortgages, provided that:
(i) Tenant or the Recognized Mortgagee shall deliver to Landlord within seven (7) Business Days after the execution thereof, in the manner herein provided for the giving of notice to Landlord, a copy of the mortgage financing commitment and any amendments thereto and a true copy of such Recognized Mortgage and of any subsequent modification, amendment or assignment thereof and recorded copies thereof and shall notify Landlord of the address of the Recognized Mortgagee to which notices may be sent;
(ii) such Recognized Mortgage shall contain provisions permitting the disposition and application of insurance proceeds and condemnation awards in a manner consistent with the provisions of this Lease;
(iii) such Recognized Mortgage shall specifically include provisions requiring written notice to Landlord of any defaults thereunder, permitting Landlord to cure any such defaults and to be subrogated to the rights of the Recognized Mortgagee to the extent thereof and prohibiting any modification, amendment, extension or consolidation of the Recognized Mortgage without delivering a copy thereof to Landlord; and
(iv) no Recognized Mortgage shall extend to, affect, or be a lien or encumbrance upon, the estate and interest of Landlord in the Demised Premises or the Common Elements, in this Lease or any part thereof and each Recognized Mortgage shall expressly provide that at all times it shall be subject and subordinate to this Lease.
Right of Tenant. Subject to the terms and conditions provided below, Landlord grants to Tenant a right of first offer ("Right of First Offer") to lease all or a portion of the adjacent space (the "Adjacent Space") to the Property, consisting of approximately 9,034 square feet of space and located within the Building, as such space becomes available for lease. The Adjacent Space is more particularly described in EXHIBIT A.
