TENANT ASSIGNMENT OR SUBLEASE Sample Clauses

TENANT ASSIGNMENT OR SUBLEASE. Tenant will not assign this Lease, in whole or in part, or sublease the Premises, in whole or in part, without the prior written consent of Landlord, which consent shall be in Landlord’s sole and absolute discretion. Any assignment of this Lease shall require that the assignee assume all obligations of Tenant. Unless otherwise agreed to by Landlord and Xxxxxx in writing, Tenant will not be released from any obligation or liability under this Lease following any such assignment or sublease through the end of the Term in which the assignment occurred. As part of the consideration of approval, Landlord hereby reserves the right to adjust the Rent to current fair market rates, or if the Rent due and payable by any assignee or subtenant under any permitted assignment or sublease exceeds the Rent payable under this Lease for such space, Tenant will pay to Landlord fifty percent (50%) of such excess Rent within ten (10) days following receipt thereof by Tenant. Tenant will provide the Landlord with a fully executed copy of the Sublease/Assignment and will pay to the Landlord the then-current fee as a transfer/processing fee to cover Landlord’s costs. ANY ASSIGNMENT OR SUBLETTING WITHOUT THE PRIOR WRITTEN CONSENT OF THE LANDLORD SHALL BE VOID AND, AT THE OPTION OF THE LANDLORD, LANDLORD MAY TERMINATE THIS LEASE.
Sample 1
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TENANT ASSIGNMENT OR SUBLEASE. Tenant will not assign this Lease or sublet the Premises, or any part thereof, without obtaining the prior written consent of Landlord, which consent will not be unreasonably withheld or delayed. The foregoing notwithstanding, Tenant may sublet all or any portion of the Premises or assign this Lease to a parent, subsidiary, affiliate or successor by merger or asset purchase, or other such business combination, of Tenant or its affiliates upon written notice to Landlord. Further, Tenant may, without Xxxxxxxx’s consent, , enter into what are commonly referred to in the health care real estate industry as “timeshare” arrangements involving the intermittent use of portions of the Premises, provided that Tenant shall remain fully responsible under this Lease.
Sample 1
TENANT ASSIGNMENT OR SUBLEASE. (a) Without first obtaining Landlord’s consent, Tenant shall not assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise (including without limitation by transfer of a controlling interest of stock, partnership interests or other ownership interests, merger, or dissolution, which transfer of majority interest of stock, partnership interests or other ownership interests, merger or dissolution shall be deemed an assignment) or mortgage, encumber or pledge the same, or sublet the Premises, in whole or in part, or allow all or a portion of the Premises to be used by a third party (except as may be permitted by Section 9.2(b) or Section 9.3 below). In no event shall any such assignment or sublease ever release Tenant or any guarantor from any obligation or liability hereunder. No assignee or subtenant of the Premises or any portion thereof may assign or sublet the Premises or any portion thereof except pursuant to the terms of Section 9.3
Sample 1
TENANT ASSIGNMENT OR SUBLEASE. Without first obtaining Landlord’s consent, which shall be granted or withheld in Landlord’s reasonable discretion, Tenant shall not assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise (including without limitation by transfer of a direct or indirect controlling interest of stock, partnership interests or other ownership interests, merger, or dissolution, which transfer of majority interest of stock, partnership interests or other ownership interests, merger or dissolution shall be deemed an assignment) or mortgage, encumber or pledge the same, or sublet the Premises, in whole or in part, or allow all or a portion of the Premises to be used by a third party (except as may be expressly permitted by Section 10.3 below). For purposes of this Lease, a transfer or assignment will include a sale of a controlling interest of the stock of Tenant. In no event shall any such assignment, transfer or sublease ever release Tenant, any assignor, or transferor from any obligation or liability hereunder.
Sample 1

Related to TENANT ASSIGNMENT OR SUBLEASE

  • ASSIGNMENT OR SUBLETTING Tenant shall not assign or sublet said premises or allow any other person to occupy the leased premises without Landlord's prior written consent.

  • Assignment; Sublease TRANSFER, LIEN Lessee shall not sublicense any part of the Premises, or assign, transfer or encumber in any manner this Lease Agreement or any right, privilege, license or interest conferred hereby. Paramount may assign or otherwise transfer this Lease Agreement or any portion hereof from time to time, and such transfer shall bind and inure to the benefit of its successors and assigns. It is agreed that Paramount is contracting the technical skills and expertise of the management and employees of Lessee and any significant change in ownership or management of Lessee shall require the consent of Paramount as if such change constituted an assignment of this Lease Agreement. Neither this Lease Agreement, nor any right, privilege, license or interest conferred hereby shall be transferable by operation of law, by reason of any bankruptcy, bankruptcy act, insolvency, receivership proceedings, attachment, execution, other judicial process or sale by or against Lessee, whether any of the same be voluntary or involuntary or judicial proceedings. Lessee shall not permit any lien to be imposed upon the Premises or upon any structures or improvements thereon. In the event a lien is imposed, Lessee shall cause it to be discharged promptly. Lessee shall indemnify Paramount for any loss, expense or cost incurred by it in connection with any such lien. Paramount retains the right to create, or permit mortgages, trust deeds, or other encumbrances to be imposed against and upon the Premises, any improvements thereon or interests therein, except against property owned by Lessee, which encumbrances, including principal, interest and costs and expenses in connection therewith, shall be prior to and superior to the interest of Lessee hereunder, and Lessee hereby agrees that this Lease Agreement is subject and subordinate to any such mortgage, trust deed or other encumbrance.

  • No Assignment or Subletting Sublessee shall not assign, sell, mortgage, pledge or in any manner transfer this Sublease or any interest herein, or the term or estate granted hereby or the rentals hereunder, or sublet the Subleased Premises or any part thereof, or grant any concession or license or otherwise permit occupancy of all or any part of the Subleased Premises by any person, without the prior written consent of Sublessor and Prime Lessor; provided, however, Sublessor’s consent shall not be required in connection with an assignment or sublease pursuant to Article 16(B) of the Prime Lease). Neither the consent of Sublessor or Prime Lessor to an assignment, subletting, concession, or license, nor the references in this Sublease to assignees, subtenants, concessionaires or licensees, shall in any way be construed to relieve Sublessee of the requirement of obtaining the consent of Sublessor and Prime Lessor to any further assignment or subletting or to the making of any further assignment, subletting, concession or license for all or any part of the Subleased Premises. Notwithstanding any assignment or subletting, including, without limitation, any assignment or subletting permitted or consented to, the original Sublessee named herein and any other person(s) who at any time was or were Sublessee shall remain fully liable under this Sublease. If this Sublease is assigned, or if the Subleased Premises or any part thereof is underlet or occupied by any person or entity other than Sublessee, Sublessor may, after default by Sublessee beyond any applicable notice and cure periods, collect rent from the assignee, undertenant or occupant, and apply the net amount collected to the rents payable by Sublessee hereunder, but no assignment, underletting, occupancy or collection shall be deemed a waiver of the provisions hereof, the acceptance of the assignee, undertenant or occupant as tenant, or a release of Sublessee from the further performance by Sublessee of the covenants hereunder to be performed on the part of Sublessee. Any attempted assignment or subletting without the prior written consent of Sublessor and Prime Lessor shall be void.

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