Common use of Tenant Affiliate Clause in Contracts

Tenant Affiliate. Notwithstanding the provisions of paragraph 12.1 hereof, Tenant may assign or sublet the Premises, or any portion thereof, without Landlord’s consent, to any corporation which controls, is controlled by or is under common control with Tenant, or to any corporation resulting from the merger or consolidation with Tenant, or to any person or entity which acquires all the assets of Tenant as going concern of the business that is being conducted on the Premises, all of which are referred to as “Tenant Affiliate”; provided that before such assignment shall be effective, (a) said assignee shall assume, in full, the obligations of Tenant under this Lease and (b) Landlord shall be given written notice of such assignment and assumption. Any such assignment shall not, in any way, affect or limit the liability of Tenant under the terms of this Lease even if after such assignment or subletting the terms of this Lease are materially changed or altered without the consent of Tenant, the consent of whom shall not be necessary.

Appears in 3 contracts

Samples: Office Lease (Obagi Medical Products, Inc.), Office Lease (Obagi Medical Products, Inc.), Office Lease (Obagi Medical Products, Inc.)

AutoNDA by SimpleDocs

Tenant Affiliate. Notwithstanding the provisions of paragraph 12.1 hereof, Tenant may assign or sublet the Premises, or any portion thereof, without Landlord’s 's consent, to any corporation which controls, is controlled by or is under common control with Tenant, or to any corporation resulting from the merger or consolidation with Tenant, or to any person or entity which acquires all the assets of Tenant as a going concern of the business that is being conducted on the Premises, all of which are referred to as "Tenant Affiliate"; provided that before such assignment shall be effective, (a) said assignee shall assume, in full, the obligations of Tenant under this Lease and (b) Landlord shall be given written notice of such assignment and assumption. Any such assignment shall not, in any way, affect or limit the liability of Tenant under the terms of this Lease even if after such assignment or subletting the terms of this Lease are materially changed or altered without the consent of Tenant, the consent of whom shall not be necessary.

Appears in 2 contracts

Samples: Office Lease (Excalibur Technologies Corp), Standard Office Lease (Quespasa Com Inc)

Tenant Affiliate. Notwithstanding the provisions of paragraph 12.1 21.1 hereof, Tenant may assign or sublet the Premises, or any portion thereof, without Landlord’s 's consent, such consent not to be unreasonably withheld to any corporation which controls, is controlled by or is under common control with Tenant, or to any corporation resulting from the merger or consolidation with Tenant, or to any person or entity which acquires all the assets of Tenant as a going concern of the business that is being conducted on the Premises, all of which are referred to as "Tenant Affiliate”; ," provided that before such assignment shall be effective, (a) effective said assignee shall assume, in full, the obligations of Tenant under this Lease and (b) Landlord shall be given written notice of such assignment and assumptionLease. Any such assignment shall not, in any way, affect or limit the liability of Tenant under the terms of this Lease even if after such assignment or subletting the terms of this Lease are materially changed or altered without the consent of Tenant, the consent of whom shall not be necessary.

Appears in 1 contract

Samples: Lease Agreement (Tactical Solution Partners, Inc.)

Tenant Affiliate. Notwithstanding the provisions of paragraph 12.1 hereof, Tenant may assign or sublet the Premises, or any portion thereof, without Landlord’s 's consent, to any corporation which controls, is controlled by or is under common control with Tenant, or to any corporation resulting from the merger or consolidation with Tenant, or to any person or entity which acquires all the assets of Tenant as a going concern of the business that is being conducted on the Premises, all of which are referred to as "Tenant Affiliate”; ," provided that (a) before such assignment shall be effective, (a) effective said assignee shall assume, in full, the obligations of Tenant under this Lease and Lease, (b) Landlord shall be given written notice such Tenant Affiliate has a tangible net worth at least equal to Tenant's tangible net worth on the date of such the assignment or sublease, and assumption(c) the use of the Premises does not change. Any such assignment shall not, in any way, affect or limit the liability of Tenant under the terms of this Lease Lease, even if after such assignment or subletting the terms of this Lease are materially changed or altered without the consent of Tenant, the consent of whom shall not be necessary.

Appears in 1 contract

Samples: Annual Report

Tenant Affiliate. Notwithstanding the provisions of paragraph 12.1 Paragraph 19.1 hereof, Tenant may assign or sublet the Premises, Leased Premises or any portion thereof, without Landlord’s 's consent, to any corporation which controls, is controlled by or is under common control with Tenant, or to any corporation resulting from the merger or consolidation with Tenant, or to any person or entity which acquires all the assets of Tenant as a going concern of or the business that is being conducted on the Leased Premises, all of which are referred to as "Tenant Affiliate"; provided that before such assignment shall be effective, (a) said assignee shall assume, in full, the obligations of Tenant under this Lease and (b) Landlord shall be given written notice of such assignment and assumption. Any such assignment shall not, in any way, affect or limit the liability of Tenant under the terms of this Lease even if after such assignment or subletting the terms of this Lease are materially changed or altered without the consent of Tenant, the consent of whom which shall not be necessary.

Appears in 1 contract

Samples: Commercial Lease (Ramsay Youth Services Inc)

AutoNDA by SimpleDocs

Tenant Affiliate. Notwithstanding the provisions of paragraph 12.1 hereof, Tenant may assign or sublet the Premises, or any portion thereof, without Landlord’s consent, to any corporation which entity that controls, is controlled by by, or is under common control with Tenant, or to any corporation entity resulting from the a merger or consolidation with Tenant, or to any person or entity which that acquires all the assets of Tenant as a going concern of the business that is being conducted on the Premises, all of which are referred to as a “Tenant Affiliate”; ,” provided that before such assignment shall be or subletting is effective, (a) said assignee or subtenant shall assume, in full, the obligations of Tenant under this Lease and (b) Landlord shall be given written notice of such assignment and assumptionLease. Any such assignment or subletting shall not, in any way, affect or limit the liability of Tenant under the terms of this Lease even if after such assignment or subletting the terms of this Lease are materially changed or altered without the consent of Tenant, the consent of whom shall not be necessary.

Appears in 1 contract

Samples: Lease Agreement (Wireless Ronin Technologies Inc)

Tenant Affiliate. Notwithstanding the provisions of paragraph 12.1 11.16 (a) hereof, Tenant Tenant, upon written notice to Landlord may assign or sublet the Premises, or any portion thereof, without Landlord’s consent, 's consent to any corporation which controls, is controlled by or is under common control with Tenant, or to any corporation resulting from the merger or consolidation with Tenant, Tenant or to any person or entity which acquires all the assets of Tenant as a going concern of the business that is being conducted on the Premises, all of which are referred to as "Tenant Affiliate"; provided that before such assignment shall be effective, (a) said assignee shall assume, in full, the obligations of Tenant under this Lease and (b) Landlord shall be given written notice of such assignment and assumption. Any such assignment shall not, in any way, affect or limit the liability of Tenant under the terms of this Lease even if after such assignment or subletting the terms of this Lease are materially changed or altered without the consent of Tenant, the consent of whom shall not be necessary.

Appears in 1 contract

Samples: Lease Agreement (Brooktrout Technology Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!