Tenant’s Right to Sublease. Landlord’s Right of First Refusal. Tenant shall have the right to sublet all or any portion or portions of Tenant’s Facility as hereinafter provided. In the event that Tenant proposes to sublet the Tenant’s Facility to an unaffiliated third party Subtenant (a “Proposed Subtenant”) Tenant shall give Landlord notice thereof, together with a term sheet identifying the Proposed Subtenant, its use of the Tenant’s Facility, the term, the rental rate and other economic terms (a “Lease Proposal”). Landlord shall have twenty (20) days after receipt to approve or disapprove such Lease Proposal. If Landlord fails to disapprove the Lease Proposal within such period, the Lease Proposal shall be deemed approved. If Landlord disapproves such Lease Proposal within such time period in writing, Landlord shall be obligated to sublease such portion of the Tenant’s Facility on the same terms and conditions as to which Tenant and such Proposed Subtenant shall have agreed in the Lease Proposal; provided, however, that the term of such subtenancy shall commence from the date the Space Lease (as hereinafter defined) for such Proposed Subtenant was to have commenced and shall terminate on the commencement date of an Space Lease with a Proposed Subtenant acceptable to Tenant and Landlord. Tenant shall require any such Proposed Subtenant to comply with the applicable provisions of this Lease, including the covenants set forth in Article IV.
Tenant’s Right to Sublease. Tenant may sublease space or -------------------------- grant concessions or licenses at any of the Hotels so long as the terms of any such subleases, concessions or licenses do not exceed the Term and shall expire upon any termination of this Lease.
Tenant’s Right to Sublease. Assignment or subleasing by Tenant requires Landlord’s prior written consent which shall not be unreasonably withheld or delayed provided that the Subtenant or Assignee’s use the Premises and number of employees and clients are comparable to Tenant’s use and number of employees. OR Tenant, on prior written notice to Landlord, (but without Landlord’s consent), may assign the Lease or sublet the Premises to any state agency, department, division, board or office (collectively herein called “Tenant Affiliate”). Assignment or subleasing by Tenant to other that Tenant Affiliate requires Landlord’s prior written consent which shall not be unreasonably withheld or delayed.
Tenant’s Right to Sublease. Tenant may sub-ground lease or sub-space lease portions of the Improvements during the Term of this Lease pursuant to Subleases with Subtenants who are Affiliates of Tenant and who will occupy all or any portion of the Premises for the conduct of business consistent with the uses permitted herein, subject to the requirements set forth in this Article 13.
Tenant’s Right to Sublease. Subject to the terms of the Development Agreement, Tenant shall have the right, without the prior consent of Landlord, to sell, convey, lease, or assign all or a portion of its leasehold ownership rights hereunder to buyers and tenants of (i) the residential leasehold condominium units in the Building and/or (ii) the retail space or leasehold condominium unit(s) of the Building. After the Project has been Substantially Completed and at least seventy five percent (75%) of the residential leasehold condominium units created under the Lot 5 Condominium Declaration have been transferred by Tenant to a third party, Tenant shall have the right, without the prior consent of Landlord, to convey, transfer and assign to the Lot 5 Condominium Association(s), any or all of its rights and obligations under this Lease; provided, however, that Tenant shall remain primarily liable unless the Lot 5 Condominium Association(s) agree in writing to expressly assume all such obligations in a manner reasonably acceptable to Landlord.
Tenant’s Right to Sublease the Eligible Sublease Premises shall expire one hundred eighty (180) days after the date of the Tenant’s Sublease Notice. Thereafter, Tenant shall have no right to sublease the Eligible Sublease Premises unless Tenant shall have again complied with the procedures set forth in this Section 7.3.
Tenant’s Right to Sublease. This Lease was granted, in part, to allow Tenant to improve and develop the Project and to derive profit therefrom via the subleasing of space located therein. Therefore, Tenant may sublease leasable space located within the Project or on the Premises during the Term of this Lease without the consent of Landlord, provided that the subleasing of such space is pursuant to written sublease agreements (each, a “Sublease”) executed by Xxxxxx and the Subtenant thereunder (each, a “Subtenant”) who will occupy such space. Each of the following shall apply to any and all Subleases for the Project:
(a) Each Sublease is expressly subordinate to the interests and rights of Landlord in the Premises and under this Lease, and requires the Subtenant to take no action in contravention of the terms of this Lease.
(b) Each Sublease is of a duration less than the Term of this Lease.
Tenant’s Right to Sublease. Tenant shall have the right to sublease all or any portion of the Premises to any Person (“Sublease”) without obtaining the prior approval or consent of Landlord by entering into a sublease, and to modify, amend, extend, alter or terminate any such Sublease in Tenant’s sole discretion. Tenant shall also have the right, after notice thereof to Landlord, to assign (an assignment or a Sublease of space, hereinafter, a “Transfer”)
Tenant’s Right to Sublease. This Lease was granted, in part, to allow Tenant to improve and develop the Property with the Improvements and to derive profit therefrom via the subleasing of residential and commercial space located therein. Therefore, Tenant may sublease leasable space located within the Improvements or on the Property during the Term of this Lease without the consent of Landlord, provided that the subleasing of such space is pursuant to written sublease agreements (each, a “Sublease”) executed by Tenant and the subtenant thereunder (each, a “Subtenant”) who will occupy such space.
Tenant’s Right to Sublease. Notwithstanding anything to the contrary, Tenant may sublease a portion of the Premises to a subtenant upon the following provisions:
(i) The Sublease shall be documented on a form reasonably acceptable to Landlord;
(ii) Tenant shall provide that information pertaining to such proposed subtenant as described in Sections 12.2(a)(i) and 12.2(a)(iv), as well as Sections 12.4(a) (i) and (ii) (including a description of such subtenant’s use), and Sections 12.4(a)(iii) and 12.4(a)(iv);
(iii) Landlord shall either consent or refuse to consent to such sublease based on commercially reasonable standards and shall do so during the period of time applicable to Landlord’s review of an Occupancy Transaction under Section 12.4(b) above. Landlord’s failure to respond within such period shall constitute Landlord’s consent thereto; and
(iv) It shall be considered commercially reasonable for Landlord to refuse to approve any sublease if in Landlord’s reasonable judgment, the proposed subtenant’s use would violate the permitted use provisions of Section 6.1 above.
