Transfers to Related Entities. Notwithstanding anything in this Article X to the contrary, provided no Event of Default exists under this Lease or would exist but for the pendency of any cure periods provided for under Section 21.1, Tenant may, without Landlord’s consent, but after providing written notice to Landlord, assign this Lease or sublet all or any portion of the Premises to any Related Entity (as hereinafter defined) provided that (i) in the event of an assignment, such Related Entity assumes in full all of Tenant’s obligations under this Lease; (ii) Landlord is provided with a counterpart of the fully executed agreement of assignment or sublease; (iii) Tenant remains liable under the terms of this Lease; (iv) such Related Entity is not a governmental entity or agency; (v) such Related Entity’s use requirement does not differ from the permitted use described in Section 1.7 hereof; (vi) such Related Entity does not require additional services other than those agreed to be provided by Landlord under the terms of this Lease; (vii) such Related Entity’s use of the Premises would not cause Landlord to be in violation of any exclusivity agreement within the Project; and (viii) such Related Entity is a party of reasonable financial worth and/or financial stability in light of the responsibilities involved under this Lease on the date of such assignment or sublease, and proof satisfactory to Landlord that such standards have been met shall have been delivered to Landlord at least ten (10) days prior to the effective date of any such transaction. Sections 10.1 (a), 10.l(b), 10.l(c)(iv), 10.1(c)(v), 10.2 and 10.4 shall not apply to any assignment or sublease pursuant to this Section 10.5. “Related Entity” shall be defined as any parent company, subsidiary, affiliate or related corporate entity of Tenant which controls, is controlled by, or is under common control with Tenant.
Transfers to Related Entities. Notwithstanding anything in this Article XIII to the contrary, provided no Event of Default exists under this Lease or would exist but for the pendency of any cure periods provided for under Section 18.1, Tenant may, without Landlord’s consent, but after providing written notice to Landlord and subject to the provisions of Section 13.4, make a Transfer to any Related Entity (as define herein) provided that (i) such Related Entity is not a governmental entity or agency; (ii) such Related Entity’s use of the Premises is for the Permitted Use and would not cause Landlord to be in violation of any exclusivity agreement within the Project; (iii) the Related Entity is qualified to conduct business in the State of Texas; (iv) the Transfer is made for a good faith operating business purpose and not in order to evade the requirements of this Article XIII, and (v) the net worth (computed in accordance with generally accepted accounting principles exclusive of goodwill) of either Tenant or any Transferee after such Transfer is greater than or equal to the greater of (a) the net worth of Tenant as of the Lease Date or (b) the net worth of Tenant immediately prior to such Transfer, and evidence satisfactory to Landlord that such net worth standards have been met is delivered to Landlord at least 10 days prior to the effective date of any such Transfer. “Related Entity” means (a) any parent company, subsidiary, or affiliate of Tenant that controls, is controlled by, or is under common control with Tenant, (b) a successor to Tenant by purchase of all or substantially all of Tenant’s assets, or (c) a successor to Tenant by merger or consolidation (provided that if Tenant is a closely held professional service firm, at least 75% of its equity owners existing 12 months before the Transfer are also equity owners of the successor entity).
Transfers to Related Entities. 5.1 Each Party (each a “Transferring Party”) may Transfer all or part of its rights under this Agreement, or all or part of its interests in the Property acquired hereunder or otherwise, to a Wholly Owned Affiliate or Related Body Corporate without the consent of the other Party provided that the transferee covenants to be bound by this Agreement to the extent of the relevant interest transferred, and notwithstanding such Transfer, the Transferring Party will remain liable for all its obligation and liabilities hereunder prior to the date of the Transfer.
Transfers to Related Entities. Notwithstanding anything in this ARTICLE X to the contrary, provided no Event of Default exists under this Lease or would exist but for the pendency of any cure periods provided for under SECTION 21.1, Tenant may, without Landlord's consent, but after providing written notice to Landlord, assign this Lease or sublet all or any portion of the Premises to any Related Entity (as hereinafter defined) provided that (i) in the event of an assignment, such Related Entity assumes in full all of Tenant's obligations under this Lease; (ii) Landlord is provided with a counterpart of the fully executed agreement of assignment or sublease; (iii) Tenant remains liable under the terms of this Lease; (iv) such Related Entity is not a governmental entity or agency; (v) such Related Entity's use requirement does not differ from the permitted use described in SECTION 1.7 hereof; (vi) such Related Entity does not require additional services other than those agreed to be provided by Landlord under the terms of this Lease; and (vii) the net worth (computed in accordance with generally accepted accounting principles) of any assignee after such transfer is greater than or equal to the greater of (a) the net worth (computed in
Transfers to Related Entities. Notwithstanding anything in this Article IX to the contrary, provided no Event of Default exists under this Lease or would exist but for the pendency of any cure periods provided for under Section 21.1, Tenant may, without Landlord's consent, but after providing written notice to Landlord and subject to the provisions of Section 9.1(b)(i-iii) , assign this Lease or sublet all or any portion of the Premises to any Related Entity (as hereinafter defined) provided that (i) such Related Entity is not a governmental entity or agency; (ii) such Related Entity's use of the Premises would not cause Landlord to be in violation of any exclusivity agreement within the Project; and (iii) the net worth (computed in accordance with generally accepted accounting principles exclusive of goodwill) of any assignee after such transfer is greater than or equal to the greater of (a) the net worth of Tenant as of the Date of Lease; or (b) the net worth of Tenant immediately prior to such transfer, and proof satisfactory to Landlord that such net worth standards have been met shall have been delivered to Landlord at least 10 days prior to the effective date of any such transaction. "Related Entity" shall be defined as any parent company, subsidiary, affiliate or related corporate entity of Tenant that controls, is controlled by, or is under common control with Tenant.
Transfers to Related Entities. Notwithstanding anything in this Article X to the contrary, provided no Event of Default exists under this Lease or would exist but for the pendency of any cure periods provided for under Section 20.1, Tenant may, without Landlord’s consent, but after providing written notice to Landlord and subject to the provisions of Section 10.1(b)(i-v), assign this Lease or sublet all or any portion of the Premises to any Related Entity (as hereinafter defined) provided that (a) such Related Entity is not a governmental entity or agency; (b) such Related Entity’s use of the Premises would not cause Landlord to be in violation of any exclusivity agreement within the Project; and (c) with respect to an assignment of this Lease to a Related Entity, such Related Entity as of the date of such assignment meets or exceeds the Minimum Credit Standards (as defined in Section 10.6) and proof satisfactory to Landlord that such Minimum Credit Standards have been met shall be delivered to Landlord at least 10 days prior to the effective date of any such transfer. “Related Entity” shall be defined as (i) any parent company, subsidiary, affiliate or related corporate entity of Tenant that controls, is controlled by, or is under common control with Tenant or (ii) the assignee of Tenant’s interest under this Lease as part of the sale of all or substantially all of Tenant’s assets to such assignee in one or more transactions.
Transfers to Related Entities. Transfer" within the meaning of this Paragraph 19 shall not include any sublease or assignment of all or a portion of the Premises to any (i) person, corporation or partnership which controls, is controlled by or is under common control with Tenant; (ii) a successor corporation related to Tenant by merger, consolidation, nonbankruptcy reorganization or government action; or (iii) a purchaser of substantially all of the Tenant's assets; provided that, in each instance described above, (a) the transferee assumes the obligations of the Tenant under this Lease in a written instrument delivered to Landlord; (b) the transferor Tenant remains liable as a primary obligor for the obligations of Tenant under this Lease; and (c) the financial strength of the transferee Tenant is no less than Tenant's financial strength as of the Commencement Date or the date of such Transfer, whichever is greater. Tenant shall notify Landlord of any such transfer to a related or successor entity prior to its consummation.
Transfers to Related Entities. Notwithstanding anything in this Article IX to the contrary, provided no Event of Default exists under this Lease or would exist but for the pendency of any cure periods provided for under Section 21.1, Tenant may, without Landlord’s consent, but after providing written notice to Landlord and subject to the provisions of Section 9.1(b)(i-iii) , assign this Lease or
Transfers to Related Entities. Transfer" within the meaning of this Paragraph 19 shall not include any sublease or assignment of all or a portion of the Premises to any person or entity (i) which controls, is controlled by or is under common control with Tenant, or (ii) which succeeds to the business of tenant through merger, consolidation, or sale, if, in either event, such person or entity expressly assumes Tenant's obligations hereunder and the net worth of the affiliate or successor is reasonably acceptable to Landlord. For purposes of this Paragraph 19.4, "control" shall mean ownership of at least 50% of all classes of the outstanding equity securities of the Tenant. Tenant shall notify Landlord of any such transfer to a related or successor entity prior to its consummation.
Transfers to Related Entities. 5.1 The following terms apply to any transfer to a Wholly Owned Affiliate.
