Common use of Assignment and Sub-Subletting Clause in Contracts

Assignment and Sub-Subletting. Sub-Subtenant shall have the same rights as Sub-Sublandlord has under the Sublease, and shall be subject to the same conditions as Sub-Sublandlord is subject under the Sublease, to: (i) assign this Sub-Sublease or any of its rights hereunder; (ii) further sublet the Sub-Sublease Premises or any part thereof to any other person or entity; (iii) permit the use of the Sub-Sublease Premises by any person or entity other than Sub-Subtenant or its employees; or (iv) permit the assignment or other transfer of this Sub-Sublease or any of Sub-Subtenant’s rights hereunder by operation of law (collectively, “Transfer”); provided that any such Transfer shall be subject to (x) Sub-Sublandlord’s prior consent where such consent is required by the Sublease, (y) Sublessor’s prior consent where such consent is required by the Sublease and (z) Master Landlord’s prior consent where such consent is required by the Master Lease. Neither the consent by Sub-Sublandlord to any Transfer, nor the acceptance or collection of rent or other compensation from any party to a Transfer, shall be construed as a release of Sub-Subtenant from liability for each and every term or obligation of this Sub-Sublease. No consent by Sub-Sublandlord to any Transfer in any one instance shall constitute a waiver of the necessity for such consent in any subsequent instance. Any attempted Transfer of the Sub-Sublease Premises by Sub-Subtenant in violation of the terms and provisions of this Section 7 shall be void and of no force and effect.

Appears in 1 contract

Sources: Sub Sublease Agreement (Bonds.com Group, Inc.)

Assignment and Sub-Subletting. Sub-Subtenant shall have not, without the same rights as Sub-prior written consent of Sublandlord has under the Subleaseand Prime Landlord, which consent may be granted or withheld in Sublandlord’s and shall be subject to the same conditions as Sub-Sublandlord is subject under the Sublease, toPrime Landlord’s reasonable discretion: (i) assign this Sub-Sublease or any of its rights hereunder; (ii) further sublet the Sub-Sublease Premises or any part thereof to any other person or entity; (iii) permit the use of the Sub-Sublease Premises by any person or entity other than Sub-Subtenant Subtenant, or its employeesemployees and agents approved in advance by Sublandlord at Sublandlord’s sole discretion; or (iv) permit the assignment or other transfer of this Sub-Sublease or any of Sub-Subtenant’s rights hereunder by operation of law (collectively, “Transfer”); provided that any such Transfer shall be subject to (x) Sub-Sublandlord’s prior consent where such consent is required by the Sublease, (y) Sublessor’s prior consent where such consent is required by the Sublease and (z) Master Landlord’s prior consent where such consent is required by the Master Leaselaw. Neither the consent by Sub-Sublandlord to any Transferassignment, transfer or sub-subletting, nor the acceptance or collection of rent or other compensation from any party to a Transferassignee, transferee or sub-subtenant, shall be construed as a release of Sub-Subtenant from liability for each and every term or obligation of this Sub-Sublease. No consent by Sub-Sublandlord to any Transfer assignment, transfer or sub-subletting in any one instance shall constitute a waiver of the necessity for such consent in any subsequent instance. Any attempted Transfer assignment or sub-subletting of the Sub-Sublease Premises by Sub-Subtenant in violation of the terms and provisions of this Section 7 8 shall be void and of no force and effect.

Appears in 1 contract

Sources: Sublease Agreement (Chimerix Inc)