SUBLEASING OR ASSIGNMENT. Landlord reserves the right to assign this Lease at any time. Tenant may not sublease, sell, assign or transfer all or any part of its interest in this Lease or its term, without the prior written consent of the Landlord.
SUBLEASING OR ASSIGNMENT. The Lessee may sublease, sell, assign, or transfer the whole or any part of its interest in this Lease or the Leased Premises to a service business other than retail food and beverage vending business with the prior written consent of the Lessor, which consent Lessor shall not unreasonably withhold. Specifically, without limitation, Lessee may assign this Lease to Nicolet National Bank. Lessor will not allow a sublease, sale, assignment or transfer to an adult entertainment type business including but not limited to an adult bookstore and/or pornographic video retailer. Lessee shall not permit any interest in the Leased Premises to be transferred by law or otherwise.
SUBLEASING OR ASSIGNMENT. In the event Mercata desires to sublease or ------------------------ assign all or any portion of the Subleased Premises or this Sublease, it shall be bound to the terms and conditions of Section 8 of the Master Lease, except all notices shall be delivered and all approvals obtained from both Bentall and Attachmate. The obligation of Bentall and Attachmate to consent to such subletting or assignment shall be as outlined in the Master Lease; provided that in no event shall Attachmate's consent be unreasonably withheld, conditioned or delayed. Any sublease or assignment by Mercata shall be subject to the terms and conditions of the Master Lease, including, without limitation Section 8.4 and 8.5 of the Master Lease. Attachmate and Mercata acknowledge that the terms and conditions of Section 8.8 of the Master Lease shall not apply, as the Sublease Limit will not be reached due to this Sublease. The consent to a sublease or assignment from Attachmate shall not be construed as relieving Mercata or any assignee of the Sublease or sublessee of the Subleased Premises from obtaining the express written consent of Bentall and Attachmate to any further assignment or subletting or obligation hereunder whether or not then accrued. Any modifications or improvements necessary as a result of such sublease or assignment must be approved as required in Section 10 above and Mercata agrees to restore the Subleased Premises to the condition required in Section 9 at the end of the term of such sub-sublease or assignment.
SUBLEASING OR ASSIGNMENT. Tenant shall be permitted to sublease, subject to the conditions stated below, but within fifteen (15) days after written notice of its intent to sublease, Lessor has the option to cancel the lease provided that Lessor fully releases Tenant from its obligations set forth in this Lease. No subletting or assignment shall release Lessee of Lessee's obligation or alter the primary liability of Lessee to pay the rent and to perform all other obligations to be performed by Lessee hereunder. The acceptance of rent by Lessor from any other person shall not be deemed to be a waiver by Lessor of any provision hereof. In the event of default by any assignee of Lessee or any successor of Lessee, if the performance of any of the terms hereof, Lessor may proceed directly against Lessee without the necessity of exhausting remedies against said assignee, Lessor may consent to subsequent assignments or subletting of this Lease or amendments or modifications to this Lease with assignee of Lessee, without notifying Lessee, or any successor of Lessee, and without obtaining its or their consent thereto and such action shall not relieve Lessee of liability under this Lease.
SUBLEASING OR ASSIGNMENT. Once rental requests are approved and fields are reserved, scheduled times cannot be subleased or assigned to other individuals or organizations.
SUBLEASING OR ASSIGNMENT. LESSEE may not substitute any of the storage space leased herein nor assign his rights under the lease without the advance written approval by LANDLORD.
SUBLEASING OR ASSIGNMENT. Only upon obtaining prior written consent of Lessor, Lessee shall have the right to sublease the Leased Premises, in whole or in part, or to assign this Lease provided that such sublease or assignment shall provide for use of the Leased Premises for legitimate commercial purposes, which shall not damage or depreciate the Leased Premises, and provided further that any such sublease shall contain or incorporate all the provisions of this Lease to the extent applicable. Lessee shall not be relieved by any such subleasing or assignment of .Lessee's obligation to pay the rent herein stipulated and all other obligations of Lessee under this Lease.
SUBLEASING OR ASSIGNMENT. Paragraph 23 of Section III of the Lease is hereby amended to read as follows:
(a) Tenant shall not, without obtaining the prior written consent of Landlord not to be unreasonably withheld or delayed, assign, mortgage, pledge or otherwise encumber this Lease or any interest herein, or sublet the Premises or any part thereof. Any of the foregoing acts without obtaining such consent shall be void and constitute a default under this Lease. Any change in ownership of the majority of shares of the stock of Tenant (if Tenant if a corporation), as such majority ownership existed as of the date of this Lease, or any change in the identity of a majority of the general partners of Tenant (if Tenant is a partnership), as the identity of such majority existed as of the date of this Lease, shall be deemed to be an assignment or transfer of this Lease within the meaning of this paragraph. The preceding sentence shall not apply, however, if at the time of the execution of the Lease, the outstanding voting shares of capital stock of Tenant are listed on a recognized security exchange or over-the-counter market. No assignment, mortgage, pledge, encumbrance or subletting shall be permitted to be made by Tenant if there is any default by Tenant under this Lease.
(b) Tenant shall, in connection with any assignment of all or part of Tenant's interest in the Lease or sublease of all or part of the Premises, pay to Landlord the following:
(1) Fifty percent (50%) of the amount by which any premiums, sums or other consideration payable to Tenant as a result of any assignment of this Lease exceeds the sum of any reasonable brokerage commissions, reasonable escrow fees, recording fees, conveyance taxes, and other costs reasonably incurred in connection with any such assignment.
(2) Fifty percent (50%) of the amount by which the sum of any premiums and any rent or other amounts payable to Tenant as a result of any sublease exceeds the sum of rent and other sums payable by Tenant hereunder with respect to the space to be subleased and any reasonable brokerage commissions, reasonable escrow fees, recording fees, conveyance taxes, remodeling costs, rent concessions, and other costs reasonably incurred in connection with any such sublease.
(c) Tenant shall obtain the prior written consent of Landlord to any assignment, mortgage, pledge or encumbrance of this Lease or any interest herein, or to any sublease of all or part of the Premises. The agreement by Tenant to pay the amounts require...
SUBLEASING OR ASSIGNMENT. Tenant may not sublease, sell, assign, mortgage or transfer any of its interest in this Lease or the Property without the prior written consent of Landlord, which consent may be granted or withheld in Landlord’s sole and absolute discretion. Any such assignment or subletting will not release Tenant from its obligations under this Lease, unless expressly agreed to by Landlord in writing. If Tenant shall become a debtor under the United States Bankruptcy Code, shall have or suffer the appointment of a receiver of its property, shall make an assignment for the benefit of its creditors, or its rights hereunder shall be taken under execution, it shall be construed as an assignment of this Lease within the meaning hereof, and Landlord shall have all rights and remedies available to Landlord upon default by Tenant.
SUBLEASING OR ASSIGNMENT. The Tenant shall not sublease, sell, assign, mortgage or transfer any of its interest in the Lease or the Premises, without the prior written consent of the Landlord, which shall not be unreasonably withheld.
