Sublet. A sublet occurs when the tenant moves out of the rental unit, lets another person (the ‘sub-tenant’) live there until a specified date, and can return to live in the unit before the tenancy ends. The tenancy agreement and the landlord-tenant relationship do not change. A tenant who sublets a rental unit cannot: • charge a higher rent than the landlord does for the rental unit, • collect any additional fees for subletting the rental unit, or • charge the sub-tenant for additional goods or services.
Sublet. Any transfer, sublet, assignment, license or concession agreement, change of ownership, mortgage, or hypothecation of this Lease or the Tenant's interest in the Lease or in and to all or a portion of the Premises.
Sublet. 11.1 The Exhibitor shall not sublet or otherwise share, any Allocated Space at the Show without the prior written consent of VFM;
Sublet. The Tenant agrees to sublet: (check one) ☐ - All of the space under the Master Lease. ☐ - Part of the space under the Master Lease.
Sublet. The Hiree shall keep the equipment in the sole possession of the Hiree and refrain from selling, assigning, mortgaging or letting the Equipment (or any part thereof). Except in the case of an Agent who may sub-let the Equipment after first obtaining permission of the Hirer to any sub-letting and the terms thereof.
Sublet. Any transfer, sublet, assignment, license or concession agreement, mortgage, or hypothecation of this Lease or the Tenant’s interest in the Lease or any portion thereof.
Sublet. Any transfer, sublet, assignment, license or concession ------ agreement, change of ownership, mortgage, or hypothecation of this Lease or the Tenant's interest in the Lease or in and to all or a portion of the Premises. As used herein, a Sublet includes the following: (i) if Tenant is a partnership or a limited liability company, a transfer, voluntary or involuntary, of all or any part of any interest in such partnership or limited liability company, or the dissolution of the partnership or limited liability company, whether voluntary or involuntary; (ii) if Tenant is a corporation, any dissolution, merger, consolidation or other reorganization of Tenant, or the transfer, either by a single transaction or in a series of transactions, of a controlling percentage of the stock of Tenant (except that a Sublet shall not include any such transfer of a controlling percentage of the stock of Tenant occurring at a time when the stock of Tenant is publicly traded on a nationally recognized stock exchange or over the counter), or the sale, by a single transaction of or series of transaction, within any one (1) year period, of corporate assets equaling or exceeding twenty percent (20%) of the total value of Tenant's assets (except in connection with an initial public offering of the stock of Tenant on a nationally recognized stock exchange or over the counter); (iii) if Tenant is a trust, the transfer, voluntarily or involuntarily, of all or any part of the controlling interest in such trust; and (iv) if Tenant is any other form of entity, a transfer, voluntary or involuntary, of all or any part of any interest in such entity. As used herein, the phrases "controlling percentage" and "controlling interest" means the ownership of, and/or the right to vote, stock, partnership interests, membership interests, or other indicia of ownership possessing at least fifty-one percent (51%) of either the total combined interests in Tenant, or the voting power of all classes of Tenant's capital stock, partnership interests, membership interests, or other indicia of ownership, that have been issued, outstanding, and (if applicable) are entitled to vote.
Sublet. The term “Sublet” shall mean any transfer, sublet, assignment, license or concession agreement, change of ownership, mortgage, or hypothecation of this Lease or the Lessee’s interest in the Lease or in and to all or a portion of the Premises.
Sublet. Any assignment or transfer of any estate or interest in this Lease; any subletting or parting with or sharing of the occupation, control, or possession of the Premises, or of any part thereof or any right or privilege appurtenant thereto; allowing anyone to conduct business at or from the Premises (whether as concessionaire, franchisee, licensee, permittee, subtenant or otherwise); if Tenant is a corporation, any transfer of the effective voting control of Tenant; if Tenant is a partnership or limited liability company, any transfer of forty percent (40%) or more, in the aggregate, of the interests in either capital or profits of Tenant; any other transfer by voluntary or involuntary act or by operation of law (including by merger or consolidation); or any attempt to do any of the foregoing.
Sublet. The LESSEE agrees not to assign this LEASE or sublet the property or any part thereof without the previous written consent of the LESSOR. LESSOR issues no Transfer Clause in this LEASE, therefore, transfer or loss of employment or withdrawal from school will not constitute sufficient justification for not completing the term of this LEASE. Furthermore, if the terms of this LEASE are not completed, LESSEE agrees to forfeit Security Deposit as well as accepts liability for monthly rent payments until a suitable tenant has been found to lease the unit.
