Common use of Assignment or Sublease Clause in Contracts

Assignment or Sublease. Provided LESSEE is not in default of any term hereof, LESSEE may assign this lease or sublet or allow another entity or individual to use or occupy all or part of the premises, but only with LESSOR’S prior written consent in each instance. LESSEE shall not assign this lease or sublet any part of the premises to any other current or prospective tenant of LESSOR, or any affiliate of such current or prospective tenant. As a condition to any assignment or sublease, a security deposit increase shall be paid to and held by LESSOR. If LESSEE notifies LESSOR of its desire to assign this lease or sublet, LESSOR may elect to terminate this lease, at an effective date to be determined by LESSOR, upon notice to LESSEE. Notwithstanding LESSOR’S consent to any assignment or sublease, LESSEE and GUARANTOR shall remain liable for the payment of all rent and for the full performance of all terms of this lease and ail amendments and extensions thereto.

Appears in 2 contracts

Samples: Commercial Lease (Allena Pharmaceuticals, Inc.), Commercial Lease (Allena Pharmaceuticals, Inc.)

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Assignment or Sublease. Provided LESSEE is not in default of any term terms or conditions hereof, LESSEE may assign this lease or sublet or allow another entity or individual to use occupy the whole or occupy all or any part of the leased premises, but only with LESSOR’S ’s prior written consent in each and every instance. In no case may LESSEE shall not assign this lease or sublet any part of the leased premises to any other current or prospective tenant of LESSOR, or any affiliate of such current or prospective tenant. As a condition to any assignment or sublease, a an additional security deposit increase shall be paid to and held by LESSOR. If LESSEE notifies LESSOR in writing of its desire to assign this lease or subletsublet the leased premises, LESSOR may elect shall have the option to terminate this lease, at an effective date to be determined by LESSOR, upon written notice to LESSEE. Notwithstanding LESSOR’S ’s consent to any assignment or sublease, LESSEE and GUARANTOR shall remain liable to LESSOR for the payment of all rent and for the full performance of all terms covenants and conditions of this lease and ail amendments and extensions theretolease.

Appears in 2 contracts

Samples: Commercial Lease (Anterios Inc), Commercial Lease (Anterios Inc)

Assignment or Sublease. Provided LESSEE is not in default of any term terms or conditions hereof, LESSEE may assign this lease or sublet or allow another entity or individual to use occupy the whole or occupy all or any part of the leased premises, but only with LESSOR’S ’s prior written consent in In each and every instance. In no case may LESSEE shall not assign this lease or sublet any part of the leased premises to any other current or prospective tenant of LESSOR, or any affiliate of such current or prospective tenant. As a condition to any assignment or sublease, a an additional security deposit increase shall be paid to and held by LESSORXXXXXX. If LESSEE notifies LESSOR in writing of its desire to assign this lease or subletsublet the ‘paced premises, LESSOR may elect shall have the option to terminate this lease, at an effective date to be determined by LESSORXXXXXX, upon written notice to LESSEEXXXXXX. Notwithstanding LESSOR’S XXXXXX’s consent to any assignment or sublease, LESSEE and arid GUARANTOR shall remain liable to LESSOR for the payment of all rent and for the full performance of all terms covenants and conditions of this lease and ail amendments and extensions theretolease.

Appears in 1 contract

Samples: Commercial Lease (Myriant Corp)

Assignment or Sublease. Provided LESSEE is not in default of any term terms or conditions hereof, LESSEE may assign this lease or sublet or allow another entity or individual to use occupy the whole or occupy all or any part of the leased premises, but only with LESSOR’S 's prior written consent in each and every instance. In no case may LESSEE shall not assign this lease or sublet any part of the leased premises to any other current or prospective tenant of LESSOR, or any affiliate of such current or prospective tenant. As a condition to any assignment or sublease, a an additional security deposit increase shall be paid to and held by LESSOR. If LESSEE notifies LESSOR in writing of its desire to assign this lease or subletsublet the leased premises, LESSOR may elect shall have the option to terminate this lease, at an effective date to be determined by LESSOR, upon written notice to LESSEE. Notwithstanding LESSOR’S 's consent to any assignment or sublease, LESSEE and GUARANTOR shall remain liable to LESSOR for the payment of all rent and for the full performance of all terms covenants and conditions of this lease and ail amendments and extensions theretolease.

Appears in 1 contract

Samples: Helicos Biosciences Corp

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Assignment or Sublease. Provided LESSEE is not in default of any term hereof, . LESSEE may assign this lease or sublet or allow another entity or individual to use or occupy all or part of the premises, but only with LESSOR’S prior written consent in each instance. LESSEE shall not assign this lease or sublet any part of the premises to any other current or prospective tenant of LESSOR, or any affiliate of such current or prospective tenant. tenant As a condition to any assignment or sublease, a security deposit increase shall be paid to and held by LESSOR. If LESSEE notifies LESSOR of its desire to assign this the lease or sublet**, LESSOR may elect to terminate this lease, at an effective date to be determined by LESSOR, upon notice to LESSEE. Notwithstanding LESSOR’S consent to any assignment or sublease, LESSEE and GUARANTOR shall remain liable for the payment of all rent and for the full performance of all terms of this lease and ail all amendments and extensions thereto.*, equal to one month of then-current monthly rent, * ’substantially all of the leased premises

Appears in 1 contract

Samples: Commercial Lease (SES AI Corp)

Assignment or Sublease. Provided LESSEE is not in default of any term terms or conditions hereof, LESSEE may assign this lease or sublet or allow another entity or individual to use occupy the whole or occupy all or any part of the leased premises, but only with LESSOR’S ’s prior written consent in each instance. LESSEE shall not and every instance a. In no case may lessee assign this lease or sublet any part of the leased premises to any other current or prospective tenant of LESSOR, or any affiliate of such current or prospective tenant. As a condition to any assignment or sublease, a an additional security deposit increase shall b be paid to and held by LESSOR. If LESSEE notifies LESSOR in writing of its desire to assign this lease or subletsublet the c, d LESSOR may elect shall have the option to terminate this lease, at an effective date to be determined by LESSOR, upon written notice to LESSEE. Notwithstanding LESSOR’S ’s consent to any assignment or sublease, LESSEE and GUARANTOR shall remain liable to LESSOR for the payment of all rent rend and for the full performance of all terms covenants and conditions of this lease and ail amendments and extensions theretolease.

Appears in 1 contract

Samples: Boston Communications Group Inc

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