ASSIGNMENT AND SUBLETTING definition

ASSIGNMENT AND SUBLETTING. The following modifications are made to Paragraph 16: A. In the event that Tenant seeks to make any assignment or sublease, then Landlord, by giving Tenant written notice of its election within fifteen (15) days after Tenant's notice of intent to assign or sublease has been given to Landlord, shall have the right to elect (i) to withhold its consent to such assignment or sublease, as permitted pursuant to Paragraph 16, or (ii) to permit Tenant to so assign the Lease or sublease such part of the Premises, in which event Tenant may do so, but without being released of its liability for the performance of all of its obligations under the Lease, and the following shall apply (except the following shall not apply to a "Permitted Transfer" described in Paragraph 57): (1) If Tenant assigns its interest in this Lease, then in addition to the rental provided for in this Lease, Tenant shall pay to Landlord fifty percent (50%) of all Rent and other consideration received by Tenant over and above (i) the assignee's agreement to assume the obligations of Tenant under this Lease and (ii) all "Permitted Transfer Costs" (as defined herein) related to such assignment. As used herein, the term "Permitted Transfer Costs" shall mean all reasonable leasing commissions paid to third parties not affiliated with Tenant in order to obtain the assignment or sublease in question.
ASSIGNMENT AND SUBLETTING shall not mean Landlord's consent or ------------------------- approval to any related Alterations.
ASSIGNMENT AND SUBLETTING. The Licensee under no circumstances may assign or sublet the Designated Package or any other part of the Premises without the written consent of the licensor, which consent may be unreasonably or arbitrarily withheld.

Examples of ASSIGNMENT AND SUBLETTING in a sentence

  • ASSIGNMENT AND SUB-LETTING CLAUSE-26AssignmentThe contractor shall not assign the contract or any part thereof or any benefit or interest therein or there under without the prior written consent of the Engineer-in-charge.

  • ASSIGNMENT AND SUBLETTING: The Contractor shall not assign or sublet the benefits of this contract to any person or entity and in the event of any violation or breach thereof, the Bank may at its discretion but without prejudice to its other rights and remedies terminate this contract.

  • ASSIGNMENT AND SUB-LETTING The Contractor shall not directly or indirectly assign or sub-let total/any part of the contract to any other party or agency.

  • Subject to Section 14 - ASSIGNMENT AND SUBLETTING and Section 28 - LANDLORD'S LIABILITY, this Lease shall be binding on and shall inure to the benefit of the parties and their respective successors, assigns and legal representatives.

  • ASSIGNMENT AND SUB-LETTING CLAUSE-26 Assignment The contractor shall not assign the contract or any part thereof or any benefit or interest therein or there under without the prior written consent of the Engineer-in-charge.

  • ASSIGNMENT AND SUBLETTING 30 14.1 Generally Forbidden 30 [***] Confidential portions of this document have been redacted and filed separately with the Commission.

  • The lease also permitted Fleming to assign the lease and, by doing so, assign the right of first refusal:PARAGRAPH 14 ASSIGNMENT AND SUBLETTING Lessee may assign this lease or sublease the premises or any part thereof without the written consent of Lessor.

  • CLAUSE-9: ASSIGNMENT AND SUB-LETTING: The Contractor shall not sub-let, transfer or assign the whole or any part of the work/trade under the Contract.

  • ASSIGNMENT AND SUBLETTING Tenant shall not voluntarily assign or encumber its interest in this lease or in the Premises, or sublease all or any part of the Premises, or allow any other person or entity (except Tenant's authorized representative) to occupy or use all or any part of the Premises, without first obtaining Landlord's consent.

  • CLAUSE – 9: ASSIGNMENT AND SUB-LETTING The Contractor shall not sub-let, transfer or assign the whole or any part of the work under the contract.


More Definitions of ASSIGNMENT AND SUBLETTING

ASSIGNMENT AND SUBLETTING. The following modifications are made to Paragraph 16: A. Quantum 2
ASSIGNMENT AND SUBLETTING. The Lessee shall neither assign this Lease nor sublet the premises in whole or part without the written consent of the Lessor. Further, the Lessee shall not permit the use or occupation of said premises by anyone other than Lessee without the written consent of the Lessor. For the purpose of this Section 5, the Executive Vice President of Lessor, or his or her designee, shall be the official authorized to provide the required written consent.
ASSIGNMENT AND SUBLETTING. Client’s interest under this Agreement many not be encumbered or assigned, in whole or part, either by act of Client or by operation of law without the express written consent of Operator. In the absence of written consent, any purported encumbrance, assignment or sublease by Client shall not be binding on Operator.
ASSIGNMENT AND SUBLETTING. Tenant shall have no right to assign or sublet this lease without the prior consent of Landlord, such consent not to be unreasonably withheld if the written request for such consent complies with the provisions of this paragraph. Tenant"s request for consent to the assignment or subletting shall be accompanied, in a form acceptable to Landlord, by (a) an unconditional written offer by Tenant to Landlord to terminate this lease as of the commencement date of the proposed assignment or sublease, (b) a recent audited financial statement for the proposed assignee or sub tenant, (c) a written statement form the assignee or subtenant stating with particularity the nature of the business intended to be conducted on the Premises, and (d) the number of officers and employees expected to be located on the Premises and, (e) an unequivocal assumption of liability by the assignee or subtenant of the lease with the rental adjusted as follows: Upon such assignment (or upon subletting any of the Premises covered by this lease) the then base rent shall be automatically increased to reflect the then current fair market rental value of the Premises, but in no event shall the then Base Rent be decreased. Landlord shall have fifteen (15) days form receipt of (a) through (e) in which to notify Tenant of Landlord"s consent or refusal to give its consent give notice of its refusal to give such consent or accept Tenant"s offer to terminate within said fifteen (15) days, such consent shall be deemed granted by Landlord. The terms assignment or subletting, as used in this Lease, shall include any and all transfers of Tenant"s interest in this lease, whether voluntary or involuntary, including any lien upon Tenant"s interest, or any transfer by Tenant, any assignee or subtenant of Tenant, or by any receiver or trustee with jurisdiction over Tenant, a subsequent assignee or subtenant or its property. Any sums or other economic consideration received by Tenant as a result of such subletting, whether denominated rentals under the sublease or otherwise, which exceed, in the aggregate, the total sums which Tenant is obligated to pay landlord under this lease (prorated to reflect obligations allocable to that portion of the premises subject to such subtenant) shall be payable to the Landlord as additional rental under this Lease without affecting or reducing any other obligation of Tenant hereunder..
ASSIGNMENT AND SUBLETTING. Sublessee shall not assign this Sublease without Sublessor's consent, except to (a) an entity controlling, controlled by or under common control with Sublessee, or (b) a successor entity related to Sublessee by merger, consolidation, nonbankruptcy reorganization, or government action. Sublessee may also sub-sublease all or a portion of the Subleased Premises without Sublessor's consent, to a purchaser of substantially all of Sublessee's assets in each Segment. For the purpose of this Section 16, "Segment" shall mean each of the Surgical Segment, the Aesthetic Segment and the Ophthalmic Segment of the Business (each as defined in the APA). Notwithstanding the foregoing, Sublessee may sublet all or any part of the Subleased Premises from time to time to any person or entity, provided that (i) such person or entity (a "Permitted Subtenant") shall be subject to and shall agree to comply in all respects with, the terms of this Sublease and the New Master Lease and (ii) Sublessee shall remain the primary obligor to Sublessor in respect of this Sublease, and shall guarantee such compliance by such Permitted Subtenant."

Related to ASSIGNMENT AND SUBLETTING

  • Assignment of Lease means the Assignment of Lease to be executed by the Seller at the Closing with respect to each parcel of Leased Real Property listed on Section 3.16(b) of the Disclosure Schedule, in a form to be mutually agreed by the Seller and the Purchaser.

  • Assignment and Conveyance An assignment and conveyance of the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit 4.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Assignment and Assumption of Lease has the meaning set forth in Section 3.02(a)(v).

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Lease Assignment has the meaning set forth in Section 3.5(d).

  • Assignment of Proprietary Lease With respect to a Cooperative Loan, the assignment of the related Cooperative Lease from the Mortgagor to the originator of the Cooperative Loan.

  • Lease Assignments means the assignments of real property leases and subleases by and between a member of the Nuance Group, as assignor, and a member of the SpinCo Group, as assignee, in each case as set forth on Schedule XII under the caption “Lease Assignments.”

  • Assignment of Rents and Leases means, with respect to the Mortgaged Property, an Assignment of Rents and Leases (and, if there are more than one, each and every one of them), dated as of the Closing Date, granted by the Borrower to Lender with respect to the Leases, as same may thereafter from time to time be supplemented, amended, modified or extended.

  • Assignment and Conveyance Agreement As defined in Subsection 6.01.

  • Assignment of Leases and Rents means the Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in the Project.

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.

  • Assignment of Agreements means that certain Assignment of Agreements, Licenses, Permits and Contracts, dated as of the date hereof, from Borrower, as assignor, to Lender, as assignee.

  • Subleases means the Sublease(s) of even date herewith by and between the District and Contractor together with any duly authorized and executed amendment hereto under which the District subleases the Site from the Contractor.

  • Facility Leases means all of the leases of Facilities listed on Schedule 3.7 of the Disclosure Schedules.

  • Assignment Agreements The following Assignment, Assumption and Recognition Agreements, each dated as of March 29, 2006, whereby certain Servicing Agreements solely with respect to the related Mortgage Loans were assigned to the Depositor for the benefit of the Certificateholders:

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Permitted Sublease means a sublease permitted under Section 7.2.7 of the Lease.

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • assignment An assignment of Mortgage, notice of transfer or equivalent instrument, in recordable form, which is sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect or record the sale of the Mortgage.

  • Addendum and Assignment Agreement The Addendum and Assignment Agreement, dated as of January 31, 1995, between MLCC and the Master Servicer.

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.

  • Sublease Agreement means that certain Sublease Agreement, dated as of May 1, 2021 by and between the Company and the Agency.

  • Permitted Assignment means a Permitted Subsidiary Assignment or a Permitted Third-Party Assignment.

  • Assignment and Assumption Agreements means each of the Assignment and Assumption Agreements to be executed between a Trustee and trustee of the relevant Successor Trust in accordance with the relevant Trust Agreement, as the same may be amended, modified or supplemented from time to time.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;