restriction on assignment definition
restriction on assignment means a covenant, condition, agreement or other term contained or implied in a tenancy prohibiting or restricting the tenant from —
restriction on assignment. This Lease shall not be assigned, transferred, or any portion of the demised premises sublet, without the written consent of Lessor first had and obtained. However, in connection with Lessee's usual business operation, Lessee shall have the right to arrange for the establishment of any display or operation on said demised premises, on a commission basis, so long as Lessee exercises control thereover and remains fully responsible to Lessor herein. If any portion of the premises is subleased out on a commission basis, three (3%) percent of the gross sales from the subleased operation shall be included as a part of the rentals due Lessor (not three (3%) per cent of the subleased rentals paid by sublessee to the Lessee).