Assigning, Mortgaging, Subletting. The Tenant agrees not to sublet, assign, transfer, or mortgage this Lease or sublet the Premises in whole or in part without the prior written consent of the Landlord. In the event that at any time Landlord shall sell or transfer the Leased Premises or Landlord’s interest therein, Landlord shall not be liable to Tenant for any obligations or liabilities based on or arising out of events or conditions occurring after the date of such sale or transfer. Within five (5) days after the written request of any purchaser or transferee of the Leased Premises of Landlord’s interest therein, Tenant shall attorn to such purchaser or transferee.
Assigning, Mortgaging, Subletting. TENANT agrees not to assign, mortgage, pledge or encumber this Lease, in whole or in part, or to sublet the whole or any part of the Demised Premises, or to permit the use of the whole or any part of the Demised Premises by any licensee or concessionaire, without first obtaining the prior, specific written consent of LANDLORD, which consent shall not be unreasonably withheld, which shall be determined by (1) TENANT shall not be in default of any of the terms of this lease, (2) prospect is equal to or better than TENANT on both a financial and credit basis. Should LANDLORD approve the assignment, or subletting TENANT shall pay a transfer fee to LANDLORD of $500.00. TENANT agrees that, in the event of any such assignment, subletting, licensing or granting of a concession, made with the written consent of LANDLORD as aforesaid, it will nevertheless remain unconditionally liable for the performance and financial obligations of all of the terms and conditions and covenants of this Lease. If TENANT is an individual or individuals, an assignment by operation of law will be prohibited. If TENANT is a corporation or partnership and if control thereof in any respect whatsoever changes, in LANDLORD’S sole but bona fide opinion in any manner whatsoever at any time during the term of this Lease, LANDLORD, at its option and in its discretion, may by giving sixty (60) days prior written notice to TENANT, declare such change a breach of and default under this Lease. The changing of control shall be deemed and construed to include, without limiting the generality of the foregoing, the loss or removal of a key employee, the loss or removal of a key principal of TENANT, and any substantial change in management. LANDLORD hereby consents to the assignment of this Lease, or the subletting of the Demised Premises, to a wholly owned and controlled subsidiary of TENANT, provided that the TENANT remains fully liable nevertheless, as aforesaid.
Assigning, Mortgaging, Subletting. Tenant agrees not to assign, --------------------------------- sublet, mortgage, pledge or encumber this Lease in whole or in part, without first obtaining the written consent of Landlord, which consent shall not be unreasonably withheld. Tenant agrees that, in the event of any such assignment, mortgaging or subletting made with the written consent of Landlord as aforesaid, Tenant will nevertheless remain primarily liable for the performance of all of the terms, conditions and covenants of this Lease on its part to observe, comply with or perform. This Lease is binding on all successors and assigns.
Assigning, Mortgaging, Subletting. Lessee’s attempted transfer, assignment, subletting or hypothecation without Lessor’s written consent shall be void and confer no rights upon any third person.
Assigning, Mortgaging, Subletting. (a) Subtenant covenants that it shall not, by operation of law or otherwise, assign this Sublease, sublease all or any part of the Subleased Premises, permit the Subleased Premises to be used by others or encumber or mortgage this Sublease (each a “Transfer”) without the prior written consent of both the Prime Landlord (in accordance with terms of the Prime Lease) and Sublandlord (such Sublandlord consent not to be unreasonably withheld, conditioned or delayed). Any attempt by Subtenant to consummate a Transfer without Sublandlord’s consent shall be voidable at Sublandlord’s election. The consent by Prime Landlord and Sublandlord to any Transfer shall not constitute a waiver of Prime Landlord’s or Sublandlord’s right to withhold its consent to any other Transfer. The absolute and unconditional prohibitions set forth in this Section 16(a), and Subtenant’s agreement thereto are material inducements to Sublandlord to enter into this Sublease with Subtenant, and any breach or attempted breach thereof shall constitute an Event of Default under this Sublease, for which no notice or opportunity to cure need be given.
Assigning, Mortgaging, Subletting. Tenant agrees not to assign, mortgage, piedge or encumber this Lease, in whole or in part, or sublet the whole or any part of the Demised Premises, or permit the use of the whole or any part of the Demised Premises by any licensee or concessionaire, without first obtaining the written consent of Landlord, which consent shall not be unreasonably withheld. Landlord must provide final approval within ten (10) business days upon receiving all_necessary qualifying information for an assignment or sublet or such consent shall_be deemed approved after such ten (10) business days. Landlord’s consent to any such assignment, sublease or use will not be deemed a consent to any subsequent assignment, sublease or use. Tenant agrees that, in the event of any such assignment, subletting, licensing or granting of a concession made with the written consent of Landlord as aforesaid, it will nevertheless remain liable for the performance of all of the terms, conditions and covenants of this Lease. If Tenant is a corporation, and if Tenant desires to sell or transfer at least fifty percent (50%) of the stock or assets of Tenant. Tenant must obtain the written consent of landlord, which consent shall not be unreasonably withheld, landlord must provide said consent within ten (10) business days upon receiving all necessary information for such sale or transfer or such consent shall be deemed approved after such ten (10) business days. As described in Section_24(H) below. Landlord reserves the right charge a reasonable administrative service fee for the costs of processing such assignment, mortgage, or sublease documentation.
Assigning, Mortgaging, Subletting. Tenant agrees not to assign, sublet, mortgage, pledge or encumber this Lease Agreement in whole or in part, or sublet the whole or any part of the Demised Premises, without first obtaining the written consent of Landlord. Tenant agrees that, in the event of any such assignment, subletting or licensing made with the written consent of Landlord as aforesaid, Tenant will nevertheless remain primarily liable for the performance of all the terms, conditions and covenants of this Lease Agreement.
Assigning, Mortgaging, Subletting. (a) The tenant shall not transfer, assign, sublet, enter into license or concession agreements, change ownership or hypothecate this Lease or the Tenant's interest in and to the Premises nor permit the occupancy or use of any part thereof by another, without first procuring the written consent of the Landlord. Any assignment, mortgage, pledge, hypothecation, encumbrance subletting or license of this Lease, the leasehold estate hereby created, or the Premises or any portion thereof, either voluntary or involuntary whether by operation or law or otherwise, without the prior written consent of Landlord first had and obtained, shall be null and void and shall at the option of the Landlord terminate this Lease.
Assigning, Mortgaging, Subletting. (A) Tenant shall not assign, transfer, mortgage, pledge, hypothecate or encumber this Lease or Tenant's interest in and to the Premises or any part thereof or sublet all or any portion of the Premises without first procuring the written consent of Landlord, which consent shall not be unreasonably withheld or delayed, provided that Tenant shall continue to remain liable to Landlord under this Lease. Any attempted transfer, assignment or subletting without the written consent of Landlord shall be void and confer no rights upon any third person.
Assigning, Mortgaging, Subletting. 16 22. SUBORDINATION........................................................16 23.
