SUB LEASE AND ASSIGNMENT Sample Clauses

SUB LEASE AND ASSIGNMENT. 5.1 The LESSEE shall not directly or indirectly sell, mortgage, underlet, or otherwise transfer fully or in part, the Project or the Schedule Property or its interests therein or transfer the possession of the Schedule Property either wholly or partially to any Person (legal or natural) during the subsistence of the LEASE. However, the LESSEE shall be entitled to sublease or assign its leasehold interest in the Schedule Property upon obtaining prior consent in writing from the LESSOR and upon compliance of the following conditions to the satisfaction of the LESSOR: a. LESSEE shall pay to the LESSOR the transfer charges, as may be determined by the LESSOR from time to time. b. LESSEE shall ensure that the transferee/sub-lessee/assignee executes the necessary documentation including but not limited to a deed of adherence undertaking to perform all the obligations under the Lease Deed including the covenants for utilization of the Schedule Property solely for the purpose for which it is allotted by the LESSOR to the original LESSEE. However, such sub-lease or assignment shall not absolve the original LESSEE from its obligations under the LEASE and the LESSEE shall always be directly responsible for the performance of its obligations under the LEASE to the LESSOR. c. The LESSEE agrees that the assignee or sub-lessee shall have at least the same qualifications as prescribed by the LESSOR vis-à-vis the original LESSEE. d. The shareholders/members of the original LESSEE shall hold not less than 51% of the equity in case of a Company or 51% share in the profit and loss of the partnership firm/LLP until the implementation of the Project. It shall be open to the LESSOR to grant or refuse approval or impose any conditions, if considered necessary and desirable 5.2 The LESSEE shall abide with the Amaravati Land Allotment Rules and Regulations, 2016, and the Standing Orders thereof and also abide by any other terms & conditions as may be communicated by the LESSOR from time to time under the LEASE. In case any question/doubt arises on the allotment under this LEASE, the decision of the LESSOR shall be final and binding on the LESSEE.
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SUB LEASE AND ASSIGNMENT. Customer shall not assign, mortgage, encumber, sublease, or transfer any right or interest in this Agreement without first obtaining Owner written consent, which Owner, in its sole discretion, may withhold for any reason. Any attempt by Customer to assign, sublease, or transfer any right or interest in this Agreement without first obtaining Owner’s written consent is null and void. If Owner consents to any assignment, sublease, or transfer, Customer shall remain liable hereunder unless released in writing by Owner.
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SUB LEASE AND ASSIGNMENT. The Tenant covenants not to assign or transfer this lease, or any interest therein, or sub-let said premises or any part thereof without the written assent of the Landlord. PURPOSE OF TENANCY It is understood and agreed between the parties hereto, that said premises during the continuance of this lease shall be used and occupied only for residence purposes. FIRE CLAUSE In case the premises hereby leased shall be damaged by fire or other cause at any time during the said term they shall be repaired by the Landlord and a proportionate reduction of rent shall be allowed the Tenant for the time occupied in such repairs, excepting if the Tenant can use and occupy the premises without substantial inconvenience there shall be no reduction. In case the damage by fire or other cause shall amount substantially to the destruction of the premises leased, then and in that event, Landlord and Tenant, each to the other, with reference to the unexpired term shall cease with no liability each to the other. LIABILITY That the Landlord or Management shall not be liable to any occupant of this apartment for damage because of any inconvenience or injury suffered or damage to such person or property, for or by reason of failure to furnish sufficient heat, gas, electricity or telephone service to the apartment, or for damages resulting from explosion, fire, bursting, freezing, backing up or overflowing of any water, gas, sewer or steam pipes; nor shall the Landlord be responsible for the loss of personal property from the above causes or from theft or fire. The consideration for this being the agreement of Management to rebate or refund rent for the period during which the premises are unrentable. CARE OF PREMISES The Tenant shall not use or suffer or permit any person or persons in any manner whatsoever to use said premises for any purpose in violation of the laws of the United States or of the State of Michigan, or of the ordinances or other regulations of the City of Sterling Heights, or of any lawful authority. CONDEMNATION If the whole or any part of the premises hereby leased shall be condemned or taken by any city county, federal, state or other authority for any purpose, then the term of this lease shall become null and void with no liability to the Landlord or Tenant, each to the other. PLAYING OF MUSICAL INSTRUMENTS The policy of this Management has always been to keep tenants satisfied by giving them all that they are entitled to as tenants of this complex. The playin...
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SUB LEASE AND ASSIGNMENT. Tenant will not assign this lease or sublet all or part of the premises or permit any other person to use the premises. If Tenant does, Landlord has the right to cancel the lease as stated in the default section. Tenant must get Landlord's written permission if Tenant wants to assign or sublet this lease. Tenant remains bound to the terms of this lease after a permitted assignment or sublet even if Landlord accepts rent from the assignee or subtenant. Tenant is responsible for any acts for any assignee or subtenant.
Sample 1
SUB LEASE AND ASSIGNMENT. 8.1 Should the Lessee desire to sub-lease the Leased Premises or any part thereof, or to assign any of its rights under this Lease, then and so often as such event shall occur, the Lessee shall give to the Lessor written notice of such desire accompanied by a copy of the offer to sub-lease, or a copy of the offer to assign, together in all cases with such financial or other information in respect of the proposed sub-lessee or assignee as the Lessor may so request. The Lessor shall, acting reasonably, within thirty (30) days of receiving all the foregoing notify the Lessee in writing either (i) that it consents to such sub-lease or assignment, or (ii) that it does not consent to such sub-lease or assignment, or (iii) that it elects to terminate the Lease as of a date being ninety (90) days following the date of the Lessor’s notification to the Lessee. In such latter event, the Lease shall be deemed to have terminated as of the expiration of such ninety (90) day period, unless, within ten (10) days next following the Lessor’s notice electing to terminate, the Lessee shall have withdrawn, by way of written notice to such effect to the Lessor, its request to sublease or assign. Where the Lessee shall have withdrawn its request as aforesaid, the Lease shall continue in force unamended. Where any request for sublease or assignment relates to a portion only of the Leased Premises, then, in such a case, where the Lessor shall exercise his option to terminate the present Lease as aforesaid, then the Lease shall be terminated only with respect to that portion of the Leased Premises to which the proposed sublease or assignment related. It is expressly agreed and understood that the rights so conferred to the Lessor have been freely given to the Lessor by the Lessee for valid commercial reasons. Conversely, in such circumstances where the Lessor does not elect to exercise its termination rights pursuant to subparagraph (iii) of the present section, Lxxxxx agrees that in its consent to any request of the Lessee to a sublet or assignment pursuant to the present section shall not be unreasonably withheld, conditioned or delayed. 8.2 Save as stipulated in Section 8.3, if, at any time during the Term, effective control of the Lessee is acquired or exercised by any person(s) or entity(ies) not having effective control of the Lessee on the date of execution of this Lease, whether pursuant to a sale of shares or other transaction or by operation of law, same shall be deemed a...
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SUB LEASE AND ASSIGNMENT 
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Related to SUB LEASE AND ASSIGNMENT

  • Sublease and Assignment Tenant shall have the right without Landlord's consent, to assign this Lease to a corporation with which Tenant may merge or consolidate, to any subsidiary of Tenant, to any corporation under common control with Tenant, or to a purchaser of substantially all of Tenant's assets. Except as set forth above, Tenant shall not sublease all or any part of the Leased Premises, or assign this Lease in whole or in part without Landlord's consent, such consent not to be unreasonably withheld or delayed.

  • SUBLEASING AND ASSIGNMENT The Sublessee may not lease, sublease, or assign the Premises without the prior written consent of the Sublessor.

  • Subletting and Assignment Subject to the provisions of Article 19 and Section 20.2 and any other express conditions or limitations set forth herein, Lessee may, but only with the consent of Lessor (which shall not be unreasonably withheld or delayed), (a) assign this Lease or sublet all or any part of the Leased Property to an Affiliate of Lessee, or (b) sublet any retail or restaurant portion of the Leased Improvements in the normal course of the Primary Intended Use; provided that any subletting to any party other than an Affiliate of Lessee shall not individually as to any one such subletting, or in the aggregate, materially diminish the actual or potential Percentage Rent payable under this Lease. In the case of a subletting, the sublessee shall comply with the provisions of Section 20.2, and in the case of an assignment, the assignee shall assume in writing and agree to keep and perform all of the terms of this Lease on the part of Lessee to be kept and performed and shall be, and become, jointly and severally liable with Lessee for the performance thereof. Notwithstanding the above, Lessee may assign the Lease to an Affiliate without the consent of Lessor; provided that any such assignee assumes in writing and agrees to keep and perform all of the terms of the Lease on the part of Lessee to be kept and performed and shall be and become jointly and severally liable with Lessee for the performance thereof. In case of either an assignment or subletting made during the Term, Lessee shall remain primarily liable, as principal rather than as surety, for the prompt payment of the Rent and for the performance and observance of all of the covenants and conditions to be performed by Lessee hereunder. An original counterpart of each such sublease and assignment and assumption, duly executed by Lessee and such sublessee or assignee, as the case may be, in form and substance satisfactory to Lessor, shall be delivered promptly to Lessor.

  • Sale and Assignment On the terms and conditions set forth herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment and transfer is without recourse and, except as expressly provided in this Agreement, without representation or warranty.

  • CESSION AND ASSIGNMENT The Service Provider shall not cede, assign, abandon or transfer any of its rights and/or obligations in terms of this Agreement (whether in part or in whole) or delegate any of its obligations in terms of this Agreement, without the prior written consent of the Fund.

  • Amendment and Assignment This Agreement may be amended only in writing and signed by both parties. This Agreement may not be assigned to another party.

  • Enurement and Assignment This Agreement shall enure to the benefit of the parties hereto and their respective successors and permitted assigns and shall be binding upon the parties hereto and their respective successors. This Agreement may not be assigned by any party hereto without the prior written consent of each of the other parties hereto.

  • SUB-CONTRACTING AND ASSIGNMENT 18.1 Subject to clause 18.3, neither party shall assign, novate, subcontract or otherwise dispose of any or all of its rights and obligations under this agreement without the prior written consent of the other party, neither may the Supplier sub-contract the whole or any part of its obligations under this agreement except with the express prior written consent of the Authority, such consent not to be unreasonably withheld. 18.2 In the event that the Supplier enters into any Sub-Contract in connection with this agreement it shall: (a) remain responsible to the Authority for the performance of its obligations under the agreement notwithstanding the appointment of any Sub-Contractor and be responsible for the acts omissions and neglects of its Sub-Contractors; (b) impose obligations on its Sub-Contractor in the same terms as those imposed on it pursuant to this agreement and shall procure that the Sub-Contractor complies with such terms; and (c) provide a copy, at no charge to the Authority, of any such Sub-Contract on receipt of a request for such by the Authority’s Authorised Representative. 18.3 The Authority shall be entitled to novate (and the Supplier shall be deemed to consent to any such novation) the agreement to any other body which substantially performs any of the functions that previously had been performed by the Authority.

  • Lease Assignment To the best of Seller's knowledge, the ------------------ Tenant has not assigned its interest in the Lease or sublet any portion of the premises leased to the Tenant under the Lease.

  • Xxxx of Sale and Assignment Xxxx of Sale and Assignment for the Property (the “Xxxx of Sale”) executed by Seller and Purchaser assigning to Purchaser the Tangible Personal Property, in the form attached to this Agreement as Exhibit D.

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