Tenant’s Assignment. Without in any way limiting the express rights granted to Tenant pursuant to Section 10.02 below, including, but not limited to, the right to sublet (in the manner and subject to the conditions set forth below) the entire Premises for the then remaining Term or extended Term, as applicable, so long as such sublease constitutes a sublease, and not an assignment, in accordance with applicable law, it being the intent of Landlord and Tenant under this Lease that subleases shall be permitted, but assignments by Tenant shall be restricted as hereinafter set forth (and Landlord agrees that if Tenant enters into a sublease in accordance with the terms of Section 10.02 of the entire Premises, and reserves and excepts from the term of such sublease the last day of the Term of this Lease, that Landlord shall not have grounds to claim that such sublease is in effect an assignment), Tenant shall not have the right to assign this Lease or its leasehold interest in the Premises, or any part thereof, or pledge, mortgage, hypothecate or otherwise transfer as security for any debt or other obligation, all or any portion of the Premises, without obtaining, in each and every instance, the prior written consent of Landlord, which consent shall not be unreasonably withheld; provided, however, no consent by Landlord to an assignment by Tenant shall relieve the Tenant of its obligations under this Lease. In the event that Landlord grants such written consent, Tenant agrees to cause any assignee to execute and deliver to Landlord an agreement, in form and substance reasonably satisfactory to Landlord, pursuant to which such assignee agrees to assume and to discharge all the obligations of Tenant under this Lease, without, however, relieving Tenant of any such obligations, and the receipt of such executed agreement shall be a condition precedent to the effectiveness and validity of such consent.
Tenant’s Assignment. Tenant shall not assign this Lease, in whole or in part, without the prior written consent of Landlord. The consent by Landlord to any assignment shall not constitute a waiver of the necessity for consent to any subsequent assignment. Notwithstanding any assignment, Tenant shall remain fully liable on this Lease.
Tenant’s Assignment of All Rent from Subletting as Security for Tenant’s Obligations Tenant immediately and irrevocably assigns to Landlord, as security for Tenant’s obligations under this Lease, all rent from any subletting of all or a part of the Premises as permitted by this Lease. In the event of a default by Tenant, Landlord, as assignee and as attorney-in-fact for Tenant, or a receiver for Tenant appointed on Landlord’s application, may collect the rent and apply it toward Tenant’s obligations under this Lease.
Tenant’s Assignment. Landlord hereby consents to the assignment of the Lease by Tenant to Assignee in consideration of Tenant’s promises, covenants and agreements herein above expressed and upon the express condition that Tenant shall remain liable for the prompt payment of the rent reserved in the Lease and the keeping and performance of all conditions and covenants of the Lease by the Tenant to be kept and performed, and in consideration likewise of the covenants, promises and agreements of Assignee above set forth. Landlord does not consent to any further assignment of the Lease nor to any subletting of the Leased Premises or any part thereof. Dated: , 2003 Landlord: Lakeland Industrial, LLC By: /s/ [ILLEGIBLE] Its: V.P. idmsmpl:512659_3 (8-06-02) 9:14 SECOND AMENDMENT TO LEASE AGREEMENT THIS SECOND AMENDMENT made this day of August, 2002 by and between Lakeland Industrial, LLC, a Delaware limited liability company, as “Landlord”, and Biomec Cardiovascular, Inc, a Minnesota corporation, f/k/a InnoMedica, Inc., f/k/a R. F. Machining, Inc., as “Tenant”.
Tenant’s Assignment. Tenant hereby assigns, sells, conveys and otherwise transfers to Transferee all of Tenant’s right, title and interest in and to the Sublease, effective on the date of full execution of this Agreement (the “Effective Date”).
Tenant’s Assignment for the benefit of its creditors; Tenant's commencement of proceedings under any provision of any bankruptcy or insolvency law or failure to obtain dismissal of any petition filed against it under such laws within the time required to answer; or the appointment of a receiver for Tenant's properties.
Tenant’s Assignment of All Rent from Subletting as Security for Tenant's Obligations....... 16 16.4
Tenant’s Assignment. Tenant shall not assign this Lease, nor any interest therein, nor sublet the premises or any part thereof, either voluntarily or by operation of law, without the prior written consent of Landlord, which consent shall not be unreasonably withheld or delayed. Upon any such assignment or subletting, Tenant shall remain jointly and severally liable for all obligations of the Tenant set forth in this Lease. Notwithstanding this limitation, Tenant may assign, transfer or convey this Lease or any partial interest therein to any joint-venture, partnership, corporation, or limited liability company in which Tenant maintains at least one-half (1/2) ownership as a joint-venturer, partner, shareholder, or member.
Tenant’s Assignment. Tenant shall not assign or transfer this Lease without Landlord's prior written consent. Notwithstanding the foregoing or anything to the contrary in Section 10.02, below, Tenant shall have the right, without the consent of Landlord, to assign this Lease or sublet all or any part of the Premises to (A) any entity succeeding to substantially all the business and assets of Tenant, or (B) any corporation or entity which is a parent, subsidiary or division of Tenant, whether by merger, consolidation, purchase of assets or otherwise. Any such assignment or subletting shall not release the named Tenant hereunder form any and all obligation under this Lease.
Tenant’s Assignment. Tenant shall not assign or transfer this Lease without Landlord’s prior written consent. Notwithstanding the foregoing, upon issuance of the Certificate of Completion as provided for in the Redevelopment Agreement, Xxxxxx’s mortgagee shall have the unqualified right to assign the Tenant’s rights under the Lease upon default under the Tenant’s mortgagee’s mortgage/security interest, except as otherwise prohibited or restricted by applicable law. Tenant’s mortgagee shall provide Landlord with prior written notice of such assignment.
