Right to Assign or Sublet Sample Clauses
Right to Assign or Sublet. Tenant shall have the right, without prior consent of Landlord, to assign this Lease, or to sublet all or any portion of the Premises to any affiliate of Tenant. Additionally, Tenant shall have the right to assign this Lease, or sublet all or any portion of the Premises, with the consent of Landlord, which shall not be unreasonably withheld, delayed or conditioned, to any third party, provided that the proposed assignee or subtenant meets the criteria reasonable landlords in and around the Location use to select tenants having similar leasehold obligations. Tenant shall send Landlord a copy of any sublease or assignment and assumption agreement at least fifteen (15) days prior to the full execution and delivery thereof by Tenant and the subtenant or assignee. Any transfer of this Lease from Tenant by merger, consolidation or dissolution or any change in ownership of the majority of the voting stock in Tenant shall not constitute an assignment for purposes of this Article 9. Any assignment or subletting of the Premises by Tenant shall be subject to any approval right given to the Landlord’s mortgage lender, and its successors or assigns.
Right to Assign or Sublet. This license may not be assigned to any person or group, nor sublet in any part for any purpose without prior written consent from the City.
Right to Assign or Sublet. Except as expressly permitted pursuant hereto or by the Participation Agreement or the Facility Lease, neither Site Sublessor nor Site Sublessee shall have the right to assign or otherwise transfer all or any part of such party’s interest in this Site Sublease or in the Ground Interest or to sublet the whole or any part of the Ground Interest and/or delegate any or all of its obligations under this Site Sublease.
Right to Assign or Sublet. The Tenant shall have the right to assign or sublet all or a portion of the Premises at any time during the Term or the Extended Terms subject to the approval of the Landlord, such approval not to be unreasonably withheld and provided that the Tenant shall continue to be bound for its obligations under the Lease. Upon the Tenant notifying the Landlord of its intent to assign its interest in the Lease to a third party, the Landlord shall have the right to terminate the Lease and relieve the Tenant from its obligations thereunder. The Landlord shall not have the foregoing right of termination in the event that:
Right to Assign or Sublet above notwithstanding, Tenant shall have the following rights to assign or sublet all or a portion of the Premises (together with any of the renewal rights set forth in Sections 14.2 and 14.3 which have not then yet been exercised but excluding the rights set forth in Sections 14.4 and 14.5) at any time during the Term or either of the First Extended Term and the Second Extended Term:
Right to Assign or Sublet. Subject to Articles 11.02 and 11.03, Tenant shall have the right to sublet the Premises or any part thereof. and to assign or otherwise transfer all of its interest in this Lease (but not less than all thereof) upon compliance with the following conditions:
(a) At the time of any such assignment or subletting, this Lease shall be in full force and effect and no Event of Default shall have occurred and be continuing;
(b) An original copy of the assignment or sublease, duly executed by the parties thereto shall be delivered to Landlord prior to the effective date of such assignment or sublease;
(c) Any such assignment or subletting shall be subject to all the provisions, terms, covenants and conditions of this Lease and Tenant shall, except as hereinafter provided in this Article 11.01, continue to be and remain liable hereunder;
(d) If the subtenant or assignee is not an Affiliate of Tenant, the character, business activity, creditworthiness and business reputation of such subtenant or assignee in Landlord’s reasonable judgment is consistent with the character, business activity, creditworthiness and business reputation of other tenants of the Building. Tenant shall give Landlord not less than 30 days written notice of any proposed subletting or assignment, which notice shall include reasonably detailed information regarding the character, business activity, creditworthiness and business reputation of the proposed subtenant or assignee. If Landlord does not give notice of disapproval of such subtenant or assignee within 20 days after receipt of Tenant’s notice, then Landlord’s approval shall be deemed given. Any approval of such subtenant or assignee shall not constitute approval of any future subtenant or assignee’.
(e) Inter-Regional Financial Group, Inc. (“IFG”) shall have the right, without restriction, except as hereinafter provided, to assign this Lease subject to the applicable provisions of this Article 11.00, to its Affiliate Xxxx Xxxxxxxx Incorporated, a Delaware corporation (“Xxxx Xxxxxxxx”), and upon such assignment and after the Commencement Date IFG shall be released and discharged from all remaining liability and obligation hereunder, provided that at the time of such assignment, the net worth of Xxxx Xxxxxxxx, as established by its then most recent, audited and published annual report, shall not be less than the lesser of $50,000,’000.00, or a net worth which is reasonably comparable to IFG’s net worth as established by IFG’s and Xxxx Xxxxxx...
Right to Assign or Sublet. Notwithstanding anything contained in Article 12:00 of this Lease to the contrary, the Tenant shall have the right to assign, sublet or part with possession of the whole or a portion of the Leased Premises to:
(i) an affiliate of the general partner of the Tenant or the Tenant (if the Tenant is or becomes a corporation);
(ii) any entity which controls, is controlled by or is under common control with the general partner of the Tenant or Tenant (if the Tenant is or becomes a corporation);
(iii) any entity which owns the majority of the units of the Tenant; or
(iv) the purchaser of all or substantially all of the Tenant’s business, without the consent of the Landlord, but with notice to the Landlord, provided the Tenant is not released from this Lease and is not in default. A merger or amalgamation of the Tenant with another corporation will not be an assignment, sublease or parting of possession that requires the consent of the Landlord. All of the entities referred to in subsections (i) to (iv) inclusive above are hereafter referred to individually and collectively as a “Permitted Transferee”.
Right to Assign or Sublet. Subtenant's interest in the Subleasehold Estate is not assignable in whole or in part without the prior written permission of Landlord and Sublandlord. Subtenant may not sublet the Demised Premises for any reason without approval of the Landlord and Sublandlord. Landlord and Sublandlord’s written permission and approval are required.
Right to Assign or Sublet. Tenant shall not assign this Lease or sublet all or any portion of the Leased Premises without first obtaining on each occasion the written consent of Lessor, such consent not to be unreasonably withheld. Neither
Right to Assign or Sublet. Tenant shall have the right to assign or sublet the whole or any portion of the Leased Premises, subject to the prior written consent of Landlord, which consent shall not be unreasonably withheld or delayed. Tenant’s lease with Landlord will not contain any of the following:
a.) terms which allow Landlord to terminate its lease with Tenant in lieu of consenting to any assignment or sublease or parting with possession by Tenant;
b.) terms which deem the entering into of any security agreement by Tenant with lender to be an assignment or sublease or parting of possession that requires the consent of Landlord or causes a default under the Tenant’s lease with Landlord;
c.) terms which allow Landlord the right to set the amount of rent paid by any subtenant, licensee, or occupant of the Leased Premises; and
d.) change of control provisions. Tenant shall have the right to assign or sublet the whole or a portion of the Leased Premises to an affiliated company and the right to transfer the lease to the purchaser of all or substantially all of its business, without the consent of Landlord, provided prior written notice is first given to the Landlord, provided Tenant is not released from its lease with Landlord and is not in default. The Lease Form will stipulate that a merger or amalgamation of Tenant with another corporation will not be an assignment or sublease or parting of possession that requires the consent of Landlord.