ASSIGNMENT AND SUBLETTING 21 Sample Clauses
The Assignment and Subletting clause governs whether and how a tenant may transfer their lease rights or obligations to another party, either through assignment of the lease or by subletting the premises. Typically, this clause outlines the conditions under which the landlord's consent is required, any procedures the tenant must follow to request approval, and possible restrictions or fees associated with such transfers. Its core practical function is to give the landlord control over who occupies or assumes responsibility for the leased property, thereby protecting their interests and ensuring the suitability of any new tenant or subtenant.
ASSIGNMENT AND SUBLETTING 21. Tenant shall not assign or sublet the Premises or any part thereof without Landlord's prior written approval except as provided herein. If Tenant desires to assign this Lease or sublet any or all of the Premises, Tenant shall give Landlord written notice ninety (90) days prior to the anticipated effective date of the assignment or sublease. Landlord shall then have a period of thirty (30) days following receipt of such notice to notify Tenant in writing that Landlord elects either (1) to terminate this Lease as to the space so affected as of the date so requested by Tenant provided Tenant agrees, or (2) to permit Tenant to assign this Lease or sublet such space, subject, however, to Landlord's prior written approval of the proposed assignee or subtenant and of any related documents or agreements associated with the assignment or sublease, such consent not to be unreasonably withheld so long as the use of the Premises by such proposed assignee or subtenant would be a Permitted Use and would not in Landlord's opinion increase Occupant Density of the Project, the proposed assignee or subtenant is of sound financial condition, and the proposed assignment or sublease would not be likely to result in any decrease in Rent. If Landlord should fail to notify Tenant in writing of such election within said period, Landlord shall be deemed to have waived option (1) above, but written approval by Landlord of the proposed assignee or subtenant shall be required. Failure by Landlord to approve a proposed assignee or subtenant shall not cause a termination of this Lease.
ASSIGNMENT AND SUBLETTING 21. Section 13.01 Right to Assign and Sublet 21 Section 13.02 Notification to City 22 Section 13.03 Mortgages of Tenant’s Interest 22 Section 13.04 Notices to Leasehold Mortgagees 22 Section 13.05 Qualified Mortgagees’ Right to Cure 22 Section 13.06 Mortgagees’ Rights to New Lease 23 Section 13.07 Qualified Mortgagee - Release 24 Section 13.08 Possession 24 Section 13.09 Insurance Proceeds 24 Section 13.10 Survival of Provisions 25 Section 13.11 Rights on Termination 25 Section 13.12 Limitation of Mortgagee Liability 25 Section 13.13 No Assumption, Surrender or Modification 25 Section 13.14 Further Assurances 25 Section 13.15 Permitted Subleasing, Licensing and Concessions 25 Section 14.01 Total Taking 26 Section 14.02 Award for Total Taking 26 Section 14.03 Partial Taking 27 Section 14.04 Restoration after Condemnation 27 Section 14.05 Extension 27 Section 14.06 Effect of Partial Taking 28
ASSIGNMENT AND SUBLETTING 21. SECTION 12.1 Assignment 21 SECTION 12.2 Terms of Sublease 21 SECTION 12.3 Approved Partners 21 SECTION 13.1 General Default 22 SECTION 13.2 Rental Default 22 SECTION 13.3 Failure to Commence Construction of Leasehold Improvements 22 SECTION 14.1 General Defaults 23 SECTION 15.1 Redelivery 23 SECTION 15.2 Holding Over 23
ASSIGNMENT AND SUBLETTING 21. 1 Tenant shall not voluntarily or by operation of law assign, transfer, sublet, mortgage, or otherwise transfer or encumber all or any part of Tenant's interest in this Lease or in the Premises without Landlord's prior written consent which shall not be unreasonably withheld. Any attempted assignment, transfer, mortgage, encumbrance, or subletting without such consent shall be void and shall constitute a breach of this Lease.