Assignment/Subletting definition
Examples of Assignment/Subletting in a sentence
Notwithstanding any provision of this Lease (except for Paragraph 20.2), no assignee or sublessee of Tenant shall be subject to any use restrictions contained in Paragraph 7.1 hereof, so long as such assignee's or sublessee's use of the Premises does not violate any deed or master lease restrictions and the Assignment/Subletting Conditions are satisfied.
Tenant and Tenant's Successors agree that fifty percent of any Assignment Consideration and/or Excess Rentals hereunder after subtracting Tenant's Assignment/Subletting Costs shall be the property of Landlord and fifty percent of such shall be the property of Tenant.
Assignment/Subletting: Please confirm the District shall have the right, subject to Offeror’s consent, which consent shall not be unreasonably withheld, conditioned or delayed, to assign the Lease or sublease all or any portion of the Premises.
Throughout the Term of this Lease, Owner shall have the right to enter the Premises at reasonable hours for the purpose of showing the same to prospective purchasers, Lessors or Mortgagees and during the last eighteen (18) months of the Term and following the submission of Tenant’s Assignment/Subletting Notice, for the purpose of showing the same to prospective tenants.
He referred back to item #11, Surrender and Restoration, it states that they can abandon or remove the building and in item #12, Assignment/Subletting, states that they can assign the lease to anyone; for example, if Charter takes over CenturyTel (this is just an example.) Mr. Groessl stated that they can terminate with a 120-day notice.
In the event Tenant proposes to assign its interest in this Lease or sublet the whole of the Leased Premises, it shall first give notice thereof (hereinafter called the "Assignment/Subletting Notice") to Landlord together with all other information requested by Landlord with respect to the subject assignment or subletting.
Assignment/Subletting: Please confirm the District shall have the right, subject toOfferor’s consent, which consent shall not be unreasonably withheld, conditioned or delayed, to assign the Lease or sublease all or any portion of the Premises.
Tenant and Tenant’s Successors agree that fifty percent of any Assignment Consideration and/or Excess Rentals hereunder after subtracting Tenant’s Assignment/Subletting Costs shall be the property of Landlord and fifty percent of such shall be the property of Tenant.
Assignment/Subletting: The rights of the Tenant hereunder shall neither be assigned or sublet to a third party without the express written approval of the Landlord.
In the event Landlord fails to either approve or disapprove such assignment or sublease in accordance with the terms of this Lease within two (2) business days following Landlord’s receipt of Tenant’s Additional Assignment/Subletting Notice, Landlord shall be deemed to have granted its consent to such assignment or sublease.