Rights and Obligations of Tenant. (a) Tenant may not mortgage, pledge or otherwise encumber its interest in this Lease or in any sublease of the Premises or any part thereof or the rentals payable thereunder. Any such mortgage, pledge or encumbrance, made in violation of this Section shall be void. Provided that no Material Event of Default has occurred and is continuing, Tenant may sublease the Premises or any portion thereof without Landlord’s consent, and the interest of Tenant in this Lease may be assigned without Landlord’s consent, provided that any such sublease shall expressly be subject and subordinate to the provisions of this Lease and no such sublease shall permit the tenant thereunder to pay rent in advance for a period of more than one (1) month, and provided, further, that no such sublease or assignment shall affect or reduce any obligations of Tenant or any rights of Landlord hereunder, and all obligations of the then current Tenant hereunder shall continue in full effect as the obligations of a principal and not of a guarantor or surety, to the same extent as though no assignment or sublease had been made. If Tenant assigns its interest in this Lease, the assignee shall, in an instrument delivered to Landlord, expressly assume all the obligations of Tenant hereunder from and after the effective date of such assignment. Tenant shall, within ten (10) days after the execution of any such sublease or assignment, deliver an executed copy thereof to Landlord.
Rights and Obligations of Tenant. 3.1. The Tenant is authorized to use the Property in accordance with this Agreement and applicable legislation.
Rights and Obligations of Tenant. Tenant shall conform to, and use the Subleased Premises in accordance with, all the terms, covenants and conditions of the Main Lease, and Will do no act which will result in a violation of such terms, covenants and conditions. Tenant acknowledges that this Sublease is subject and subordinate to the terms and conditions of the Main Lease. Tenant shall perform all of the terms, covenants and conditions of the Main Lease on the part of the tenant therein named to be performed (except that the payment of the Monthly Base Rent (as such term is defined in the Main Lease) provided for in the Main Lease shall be the obligation of the Landlord) Insofar as such terms, covenants and conditions relate to the Subleased Premises.
Rights and Obligations of Tenant
