Common use of Terms and Conditions Applicable to Assignment and Subletting Clause in Contracts

Terms and Conditions Applicable to Assignment and Subletting. (a) Regardless of LANDLORD’s consent, any assignment or subletting shall not (i) be effective without the express written assumption by such assignee or sublessee of the obligations of TENANT under this LEASE, (ii) release TENANT of any obligations hereunder, nor (iii) alter the primary liability of TENANT for the payment of monthly Base Rent and other sums due LANDLORD hereunder or for the performance of any other obligations to be performed by TENANT under this LEASE.

Appears in 3 contracts

Samples: Sonendo, Inc., Lease (GLAUKOS Corp), Lease (GLAUKOS Corp)

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Terms and Conditions Applicable to Assignment and Subletting. (a) Regardless of LANDLORD’s 'S consent, any no assignment or subletting shall not shall: (i) be effective without the express written assumption by such assignee or sublessee subtenant of the obligations of TENANT under this LEASELease, (ii) release TENANT of any obligations hereunder, nor or (iii) alter the primary liability of TENANT for the payment of monthly Base Rent and other sums due LANDLORD hereunder or for the performance of any other obligations to be performed by TENANT under this LEASETENANT.

Appears in 1 contract

Samples: Property Lease (Quality Products Inc)

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