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"offset": [6816, 6837]}, {"key": "after-the-termination-date", "type": "clause", "offset": [6896, 6922]}, {"key": "the-definition-of", "type": "clause", "offset": [7044, 7061]}, {"key": "references-in", "type": "clause", "offset": [7149, 7162]}, {"key": "references-to-the", "type": "definition", "offset": [7259, 7276]}, {"key": "payments-for", "type": "clause", "offset": [7328, 7340]}, {"key": "operating-costs", "type": "definition", "offset": [7360, 7375]}, {"key": "taxes-and", "type": "clause", "offset": [7389, 7398]}, {"key": "pro-rata-basis", "type": "clause", "offset": [7433, 7447]}, {"key": "right-to-make", "type": "clause", "offset": [7536, 7549]}, {"key": "alterations-and-improvements", "type": "clause", "offset": [7555, 7583]}, {"key": "termination-rights", "type": "clause", "offset": [7820, 7838]}, {"key": "timely-notice", "type": "definition", "offset": [7903, 7916]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [8098, 8124]}, {"key": "period-of", "type": "definition", "offset": [8372, 8381]}, {"key": "expiration-of-the", "type": "clause", "offset": [8520, 8537]}, {"key": "right-to-assign", "type": "clause", "offset": [8677, 8692]}, {"key": "provided-that", "type": "definition", "offset": [8801, 8814]}, {"key": "consent-of-landlord", "type": "clause", "offset": [8881, 8900]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [8976, 9006]}, {"key": "consent-to", "type": "definition", "offset": [9081, 9091]}, {"key": "assignment-or-subleasing", "type": "clause", "offset": [9108, 9132]}, {"key": "office-park", "type": "definition", "offset": [9231, 9242]}, {"key": "existing-premises", "type": "definition", "offset": [9298, 9315]}, {"key": "available-space", "type": "clause", "offset": [9336, 9351]}, {"key": "in-the-building", "type": "clause", "offset": [9352, 9367]}, {"key": "the-site", "type": "clause", "offset": [9374, 9382]}, {"key": "affiliate-of", "type": "definition", "offset": [9462, 9474]}, {"key": "the-operation", "type": "clause", "offset": [9590, 9603]}, {"key": "first-class", "type": "definition", "offset": [9609, 9620]}, {"key": "office-building", "type": "definition", "offset": [9621, 9636]}, {"key": "governmental-agency", "type": "definition", "offset": [9788, 9807]}, {"key": "good-character-and-reputation", "type": "definition", "offset": [9862, 9891]}, {"key": "capability-to-perform", "type": "clause", "offset": [9971, 9992]}, {"key": "tenant-obligations", "type": "definition", "offset": [9997, 10015]}, {"key": "the-assignee", "type": "clause", "offset": [10080, 10092]}, {"key": "to-use-the-premises", "type": "clause", "offset": [10115, 10134]}, {"key": "character-of-the-business", "type": "clause", "offset": [10269, 10294]}, {"key": "use-of-the-premises", "type": "clause", "offset": [10327, 10346]}, {"key": "operating-expenses", "type": "definition", "offset": [10428, 10446]}, {"key": "use-by-tenant", "type": "clause", "offset": [10489, 10502]}, {"key": "building-systems", "type": "definition", "offset": [10564, 10580]}, {"key": "occupancy-of-the-premises", "type": "clause", "offset": [10770, 10795]}, {"key": "an-event-of-default", "type": "clause", "offset": [10828, 10847]}, {"key": "section-71", "type": "clause", "offset": [10860, 10871]}, {"key": "during-the-term", "type": "clause", "offset": [10939, 10954]}, {"key": "intentionally-omitted", "type": "definition", "offset": [10964, 10985]}, {"key": "rent-payable", "type": "clause", "offset": [11007, 11019]}, {"key": "income-or-profits", "type": "clause", "offset": [11104, 11121]}, {"key": "qualification-requirements", "type": "definition", "offset": [11268, 11294]}, {"key": "to-landlord", "type": "definition", "offset": [11306, 11317]}, {"key": "the-holder", "type": "clause", "offset": [11345, 11355]}, {"key": "mortgage-or-ground-lease", "type": "clause", "offset": [11363, 11387]}, {"key": "efforts-to-obtain", "type": "clause", "offset": [11532, 11549]}, {"key": "to-be-in-violation", "type": "definition", "offset": [11677, 11695]}, {"key": "covenant-or-restriction", "type": "definition", "offset": [11703, 11726]}, {"key": "contained-in", "type": "definition", "offset": [11727, 11739]}, {"key": "other-agreement", "type": "definition", "offset": [11757, 11772]}, {"key": "the-property", "type": "clause", "offset": [11821, 11833]}, {"key": "tenant-may", "type": "definition", "offset": [11944, 11954]}, {"key": "executed-and-delivered", "type": "clause", "offset": [12135, 12157]}, {"key": "date-of", "type": "clause", "offset": [12204, 12211]}, {"key": "null-and-void", "type": "clause", "offset": [12260, 12273]}, {"key": "the-landlord", "type": "clause", "offset": [12504, 12516]}], "snippet": "Except as otherwise expressly provided herein, Tenant covenants and agrees that it shall not assign, mortgage, pledge, hypothecate or otherwise transfer this Lease and/or Tenant\u2019s interest in this Lease or sublet (which term, without limitation, shall include granting of concessions, licenses or the like) the whole or any part of the Premises. If and so long as Tenant is a corporation with fewer than five hundred (500) shareholders or a limited liability company or a partnership, an assignment, within the meaning of this Section 5.6, shall be deemed to include one or more sales or transfers of stock or membership or partnership interests, by operation of law or otherwise, or the issuance of new stock or membership or partnership interests, by which an aggregate of more than fifty percent (50%) of Tenant\u2019s stock or membership or partnership interests shall be vested in a party or parties who are not stockholders or members or partners as of the date hereof (a \u201cMajority Interest Transfer\u201d). For the purpose of this Section 5.6, ownership of stock or membership or partnership interests shall be determined in accordance with the principles set forth in Section 544 of the Internal Revenue Code of 1986, as amended from time to time, or the corresponding provisions of any subsequent law. In addition, the following shall be deemed an assignment within the meaning of this Section 5.6: (a) the merger or consolidation of Tenant into or with any other entity, or the sale of all or substantially all of its assets, and (b) the establishment by the Tenant or a permitted successor or assignee of one or more series of (1) members, managers, limited liability company interests or assets, which may have separate rights, powers or duties with respect to specified property or obligations of the Tenant (or such successor or assignee) or profits or losses associated with specified property or obligations of the Tenant (or such successor or assignee), pursuant to \u00a718-215 of the Delaware Limited Liability Company Act, as amended, or similar laws of other states or otherwise, or (2) limited partners, general partners, partnership interests or assets, which may have separate rights, powers or duties with respect to specified property or obligations of the Tenant (or such successor or assignee) or profits or losses associated with specified property or obligations of the Tenant (or such successor or assignee) pursuant to \u00a717-218 of the Delaware Revised Uniform Limited Partnership Act, as amended, or similar laws of other states or otherwise (a \u201cSeries Reorganization\u201d). Any assignment, mortgage, pledge, hypothecation, transfer or subletting not expressly permitted in or consented to by Landlord under this Section 5.6 shall, at Landlord\u2019s election, be void; shall be of no force and effect; and shall confer no rights on or in favor of third parties. In addition, Landlord shall be entitled to seek specific performance of or other equitable relief with respect to the provisions hereof. The limitations of this Section 5.6 shall be deemed to apply to any guarantor(s) of this Lease.\n5.6.1 Notwithstanding the provisions of Section 5.6 above, in the event Tenant desires to assign this Lease or to sublet the Premises or any part thereof, Tenant shall give Landlord notice (the \u201cProposed Transfer Notice\u201d) of any proposed sublease or assignment, and said notice shall specify the provisions of the proposed assignment or subletting, including (a) the name and address of the proposed assignee or subtenant, (b) in the case of a proposed assignment or subletting pursuant to Section 5.6.3 below, such information as to the proposed assignee\u2019s or proposed subtenant\u2019s net worth and financial capability and standing as may reasonably be required for Landlord to make the determination referred to in said Section 5.6.3 (provided, however, that Landlord shall hold such information confidential having the right to release same to its officers, accountants, attorneys and mortgage lenders on a confidential basis), (c) all of the terms and provisions upon which the proposed assignment or subletting is to be made, (d) in the case of a proposed assignment or subletting pursuant to Section 5.6.3 below, all other information necessary to make the determination referred to in said Section 5.6.3 and (e) in the case of a proposed assignment or subletting pursuant to Section 5.6.4 below, such information as may be reasonably required by Landlord to determine that such proposed assignment or subletting complies with the requirements of said Section 5.6.4.\n(A) In the event that Tenant shall propose to assign its interest in this Lease, Landlord shall have the right at its sole option, to be exercised within thirty (30) days after receipt of Tenant\u2019s Proposed Transfer Notice (the \u201cAcceptance Period\u201d), to terminate this Lease as of a date specified in a notice to Tenant, which date shall not be earlier than sixty (60) days nor later than one hundred and twenty (120) days after Landlord\u2019s notice to Tenant; provided, however, that upon the termination date as set forth in Landlord\u2019s notice, all obligations relating to the period after such termination date (but not those relating to the period before such termination date) shall cease and promptly upon being billed therefor by Landlord, Tenant shall make final payment of all Annual Fixed Rent and Additional Rent due from Tenant through the termination date. This Section 5.6.2(A) shall not be applicable to an assignment or sublease pursuant to Section 5.6.4.\n(B) In the event that Tenant shall propose to sublet fifty percent (50%) or more of the Rentable Floor Area of the Premises (which shall be deemed to include, without limitation, any proposed subleasing which together with prior subleasings would result in an area equal to or greater than fifty percent (50%) of the Rentable Floor Area of the Premises in the aggregate being the subject of one or more subleases), Landlord shall have the right at its sole option, to be exercised within the Acceptance Period, to terminate this Lease as to such portions of the Premises proposed to be sublet which would, if made, result in an area greater than fifty percent (50%) of the Rentable Floor Area of the Premises being sublet (herein called the \u201cTerminated Portion of the Premises\u201d) as of a date specified in a notice to Tenant, which date shall not be earlier than sixty (60) days nor later than one hundred and twenty (120) days after \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019s notice to \u2587\u2587\u2587\u2587\u2587\u2587; provided, however, that:\n(i) upon the termination date as set forth in Landlord\u2019s notice, all obligations relating to the period after such termination date as to the Terminated Portion of the Premises (but not those relating to the period before such termination date) shall cease;\n(ii) this Lease shall remain in full force and effect as to the remainder of the Premises, except that from and after the termination date the Rentable Floor Area of the Premises shall be reduced to the rentable floor area of the remainder of the Premises and the definition of Rentable Floor Area of the Premises shall be so amended and after such termination all references in this Lease to the \u201cPremises\u201d or the \u201cRentable Floor Area of the Premises\u201d shall be deemed to be references to the remainder of the Premises and accordingly \u2587\u2587\u2587\u2587\u2587\u2587\u2019s payments for Annual Fixed Rent, operating costs, real estate taxes and electricity shall be reduced on a pro rata basis to reflect the size of the remainder of the Premises; and\n(iii) Landlord shall have the right to make such alterations and improvements as may be required to separately demise the Terminated Portion of the Premises. This Section 5.6.2(B) shall not be applicable to an assignment or sublease pursuant to Section 5.6.4.\n(C) In the event that Landlord shall not exercise its termination rights as set forth in this Section 5.6.2 or shall fail to give any or timely notice pursuant to this Section 5.6.2, the provisions of Sections 5.6.3, 5.6.5 and 5.6.6 shall be applicable.\n5.6.3 Notwithstanding the provisions of Section 5.6 above, but subject to the provisions of this Section 5.6.3 and the provisions of Sections 5.6.5 and 5.6.6 below, in the event that Landlord shall not have exercised the termination right as set forth in Section 5.6.2, or shall have failed to give any or timely notice under Section 5.6.2, then for a period of ninety (90) days (i) after the receipt of Landlord\u2019s notice stating that Landlord does not elect the termination right, or (ii) after the expiration of the Acceptance Period, in the event Landlord shall not give any or timely notice under Section 5.6.2 as the case may be, Tenant shall have the right to assign this Lease or sublet the whole Premises or any part thereof in accordance with the Proposed Transfer Notice provided that, in each instance, Tenant first obtains the express prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Without limiting the foregoing standard, Landlord shall not be deemed to be unreasonably withholding its consent to such a proposed assignment or subleasing if:\n(a) the proposed assignee or subtenant is an occupant of the Building or elsewhere within the Office Park (except when such tenant is increasing the size of its existing premises and Landlord has no available space in the Building or on the Site to accommodate such expansion) or is in active negotiation with Landlord or an affiliate of Landlord for premises in the Building or elsewhere within the Office Park or is not of a character consistent with the operation of a first class office building (by way of example Landlord shall not be deemed to be unreasonably withholding its consent to an assignment or subleasing to any governmental or quasi-governmental agency), or\n(b) the proposed assignee or subtenant is not of good character and reputation, or\n(c) the proposed assignee or subtenant does not possess adequate financial capability to perform the Tenant obligations as and when due or required under the proposed sublease, or\n(d) the assignee or subtenant proposes to use the Premises (or part thereof) for a purpose other than the purpose for which the Premises may be used as stated in Section 1.1 hereof, or\n(e) the character of the business to be conducted or the proposed use of the Premises by the proposed subtenant or assignee shall (i) be likely to increase Landlord\u2019s Operating Expenses beyond that which Landlord now incurs for use by Tenant; (ii) be likely to increase the burden on elevators or other Building systems or equipment over the burden generated by normal and customary office usage; or (iii) violate or be likely to violate any provisions or restrictions contained herein relating to the use or occupancy of the Premises, or\n(f) there shall be existing an Event of Default (defined in Section 7.1) or there have been three (3) or more Event of Default occurrences during the Term, or\n(g) [intentionally omitted]\n(h) any part of the rent payable under the proposed assignment or sublease shall be based in whole or in part on the income or profits derived from the Premises or if any proposed assignment or sublease shall potentially have any adverse effect on the real estate investment trust qualification requirements applicable to Landlord and its affiliates, or\n(i) the holder of any mortgage or ground lease on property which includes the Premises does not approve of the proposed assignment or sublease (but Landlord shall use commercially reasonable efforts to obtain their consent), or\n(j) due to the identity or business of a proposed assignee or subtenant, such approval would cause Landlord to be in violation of any covenant or restriction contained in another lease or other agreement affecting space in the Building or elsewhere in the Property. If Landlord shall consent to the proposed assignment or subletting, as the case may be, then, in such event, Tenant may thereafter sublease the Premises or any part thereof or assign pursuant to Tenant\u2019s notice, as given hereunder; provided, however, that if such assignment or sublease shall not be executed and delivered to Landlord within ninety (90) days after the date of Landlord\u2019s consent, the consent shall be deemed null and void and the provisions of Section 5.6.1 shall be applicable.\n5.6.4 Notwithstanding the provisions of Sections 5.6, 5.6.2, 5.6.3 and 5.6.5, but subject to the provisions of Sections 5.6.1 and 5.6.6, Tenant shall have the right without the Landlord\u2019s consent:", "samples": [{"hash": "ida7U9HZBZy", "uri": "/contracts/ida7U9HZBZy#assignment-sublease", "label": "Lease Agreement (Upstream Bio, Inc.)", "score": 35.7132110596, "published": true}, {"hash": "hBFCmlMqnMj", "uri": "/contracts/hBFCmlMqnMj#assignment-sublease", "label": "Lease Agreement 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"offset": [7895, 7908]}, {"key": "reasonable-costs", "type": "clause", "offset": [7946, 7962]}, {"key": "to-pay", "type": "clause", "offset": [7987, 7993]}, {"key": "in-connection-with", "type": "clause", "offset": [8005, 8023]}, {"key": "options-not-exercised", "type": "clause", "offset": [8431, 8452]}, {"key": "receipt-by-landlord", "type": "clause", "offset": [8548, 8567]}, {"key": "equal-to", "type": "definition", "offset": [8579, 8587]}, {"key": "the-excess", "type": "clause", "offset": [8611, 8621]}, {"key": "the-fixed-rent", "type": "clause", "offset": [8629, 8643]}, {"key": "all-other-charges", "type": "clause", "offset": [8665, 8682]}, {"key": "received-by", "type": "definition", "offset": [8701, 8712]}, {"key": "pursuant-to-such", "type": "clause", "offset": [8722, 8738]}, {"key": "brokerage-fees", "type": "clause", "offset": [8806, 8820]}, {"key": "expenses-incurred", "type": "definition", "offset": [8880, 8897]}, {"key": "fair-market-rental-value", "type": "clause", "offset": [8952, 8976]}, {"key": "the-annual-fixed-rent", "type": "clause", "offset": [9077, 9098]}, {"key": "additional-rent-and-other-charges", "type": "clause", "offset": [9100, 9133]}, {"key": "from-time-to-time", "type": "clause", "offset": [9467, 9484]}, {"key": "written-request", "type": "definition", "offset": [9524, 9539]}, {"key": "sums-due", "type": "clause", "offset": [9630, 9638]}, {"key": "costs-of", "type": "clause", "offset": [9799, 9807]}, {"key": "significant-alterations", "type": "clause", "offset": [10215, 10238]}, {"key": "improvements-to-the-premises", "type": "clause", "offset": [10253, 10281]}, {"key": "termination-rights", "type": "clause", "offset": [10333, 10351]}, {"key": "timely-notice", "type": "definition", "offset": [10395, 10408]}, {"key": "pursuant-to-section", "type": "clause", "offset": [10578, 10597]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [10735, 10761]}, {"key": "period-of", "type": "definition", "offset": [11020, 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{"key": "proposed-tenant", "type": "clause", "offset": [12469, 12484]}, {"key": "size-of-premises", "type": "clause", "offset": [12498, 12514]}, {"key": "length-of-term", "type": "clause", "offset": [12522, 12536]}, {"key": "operation-of", "type": "clause", "offset": [12638, 12650]}, {"key": "research-and-development", "type": "clause", "offset": [12672, 12696]}, {"key": "governmental-agency", "type": "definition", "offset": [12857, 12876]}, {"key": "currently-in", "type": "definition", "offset": [12900, 12912]}, {"key": "at-the-time", "type": "definition", "offset": [12953, 12964]}, {"key": "request-for-consent", "type": "clause", "offset": [12987, 13006]}, {"key": "capability-to-perform", "type": "clause", "offset": [13074, 13095]}, {"key": "tenant-obligations", "type": "definition", "offset": [13100, 13118]}, {"key": "continued-liability-of-tenant", "type": "clause", "offset": [13350, 13379]}, {"key": "to-use-the-premises", "type": "clause", "offset": [13454, 13473]}, {"key": "character-of-the-business", "type": "clause", "offset": [13608, 13633]}, {"key": "use-of-the-premises", "type": "clause", "offset": [13666, 13685]}, {"key": "operating-expenses", "type": "definition", "offset": [13778, 13796]}, {"key": "use-by-tenant", "type": "clause", "offset": [13839, 13852]}, {"key": "agrees-to", "type": "clause", "offset": [13906, 13915]}, {"key": "building-systems", "type": "definition", "offset": [14031, 14047]}, {"key": "subletting-or-assignment", "type": "clause", "offset": [14100, 14124]}, {"key": "occupancy-of-the-premises", "type": "clause", "offset": [14344, 14369]}, {"key": "existing-event-of-default", "type": "clause", "offset": [14396, 14421]}, {"key": "section-71", "type": "clause", "offset": [14434, 14445]}, {"key": "during-the-term", "type": "clause", "offset": [14534, 14549]}, {"key": "qualification-requirements", "type": "definition", "offset": [14675, 14701]}, {"key": "the-holder", "type": "clause", "offset": [14752, 14762]}, {"key": "mortgage-or-ground-lease", "type": "clause", "offset": [14770, 14794]}, {"key": "approval-rights", "type": "definition", "offset": [14914, 14929]}, {"key": "terms-of-the-mortgage", "type": "clause", "offset": [14946, 14967]}, {"key": "to-be-in-violation", "type": "definition", "offset": [15097, 15115]}, {"key": "covenant-or-restriction", "type": "definition", "offset": [15123, 15146]}, {"key": "contained-in", "type": "definition", "offset": [15147, 15159]}, {"key": "other-agreement", "type": "definition", "offset": [15177, 15192]}, {"key": "landlord-notice", "type": "definition", "offset": [15259, 15274]}, {"key": "final-form", "type": "definition", "offset": [15506, 15516]}, {"key": "name-and-address", "type": "clause", "offset": [15537, 15553]}, {"key": "such-information", "type": "definition", "offset": [15675, 15691]}, {"key": "the-determination", "type": "clause", "offset": [15845, 15862]}, {"key": "information-confidential", "type": "clause", "offset": [15948, 15972]}, {"key": "right-to-release", "type": "clause", "offset": [15984, 16000]}, {"key": "mortgage-lenders", "type": "clause", "offset": [16050, 16066]}, {"key": "other-information", "type": "clause", "offset": [16179, 16196]}], "snippet": "Except as otherwise expressly provided herein, Tenant covenants and agrees that it shall not assign, mortgage, pledge, hypothecate or otherwise transfer this Lease and/or Tenant's interest in this Lease or sublet (which term, without limitation, shall include granting of concessions, licenses or the like) the whole or any part of the Premises without first obtaining Landlord's prior written consent, which consent will be governed by the terms and provisions of Section 5.6.2 below if Landlord does not exercise its rights under Section 5.6.1.1 below. Any assignment, mortgage, pledge, hypothecation, transfer or subletting not expressly permitted in or consented to by Landlord under Sections 5.6.1-5.6.7 shall be void, ab initio; shall be of no force and effect; and shall confer no rights on or in favor of third parties. In addition, Landlord shall be entitled to seek specific performance of or other equitable relief with respect to the provisions hereof.\n5.6.1 Notwithstanding the foregoing provisions of Section 5.6 above and the provisions of Sections 5.6.1.1, 5.6.2 and 5.6.4 below, but subject to the provisions of the first paragraph of Sections 5.6.3 (the first paragraph only) and 5.6.5 below, Tenant shall have the right to assign this Lease or to sublet the Premises in whole or in part, without Landlord's consent, to any other entity (the \"Successor Entity\") (i) which controls or is controlled by Tenant or Tenant's parent corporation, or (ii) which is under common control with Tenant, or (iii) which purchases all or substantially all of the assets of Ten ant, or (iv) which purchases all or substantially all of the stock of (or other membership interests in) Tenant or (v) which merges or combines with Tenant; provided, that to the extent Tenant does not remain in existence after an assignment to or other transaction with a Successor Entity, the Successor Entity has a net worth (on a pro forma basis using generally accepted accounting principles consistently applied after giving effect to the merger, consolidation or purchase of assets, stock or other membership interests) reasonably sufficient to perform the obligations of the tenant under this Lease. Except in cases of statutory merger, in which case the surviving entity in the merger shall be liable as the Tenant under this Lease, Tenant shall continue to remain fully liable under this Lease, on a joint and several basis with the Successor Entity and, following such sublease or assignment, Tenant or such Successor Entity, as the case may be, shall continue to comply with all of its obligations under this Lease, including with respect to the Permitted Uses of the Premises. If any affiliate, parent or subsidiary entity of Tenant to which this Lease is assigned or the Premises sublet (in whole or in part) without Landlord's consent pursuant to this Section 5.6.1 shall cease to be such an affiliate, parent or subsidiary entity, such cessation shall be considered an assignment or subletting requiring Landlord's consent. Landlord agrees that the offer and sale by Tenant (or any stockholder of Tenant) of any stock or other membership interests pursuant to an effective registration statement filed pursuant to the Securities Act of 1933 or pursuant to and in accordance with the securities laws of the United States or any foreign country governing publicly traded companies and not in violation of U.S. law, shall not constitute an assignment of this Lease, and shall not require the consent or approval of Landlord. To the extent Tenant remains in existence after the assignment or sublease to a Successor Entity, the continued economic viability of Tenant and the amount of the Security Deposit then being held under this Lease shall be taken into account when evaluating the ability of the assignee or subtenant to perform the obligations of the tenant under this Lease as set forth above.\n5.6.1.1 Notwithstanding the provisions of Section 5.6 above, in the event Tenant desires to assign this Lease or to sublet the Premises and this Section 5.6.\n1.1 is applicable to the proposed transfer, Tenant shall give Landlord a Proposed Transfer Notice (as defined in Section 5.6.3 hereof) and in the event of (x) a proposed assignment of this Lease or (y) a proposed sublease of fifty percent (50%) or more of the Rentable Floor Area of the Premises or (z) a proposed sublease of less than fifty percent (50%) of the Rentable Floor Area of the Premises for all or substantially all of the then\u00ad remaining Lease Term (which for the purposes hereof shall be defined as any sublease expiring within the last eighteen (18) months of the Term of this Lease), then Landlord shall have the right at its sole option, to be exercised within fifteen (15) business days after receipt of Tenant's Proposed Transfer Notice (the \"Acceptance Period\"), to terminate this Lease as of a date specified in a notice to Tenant, which date shall not be earlier than the proposed possession date under Tenant's proposed sublease or assignment, as applicable; provided, however, that (i) upon the termination date as set forth in Landlord's notice, all obligations relating to the period after such termination date (but not those relating to the period before such termination date) shall cease and promptly upon being billed therefor by Landlord, Tenant shall make final payment of all Annual Fixed Rent and Additional Rent due from Tenant through the termination date and (ii) Landlord shall, at Landlord's sole cost and expense, remove or close off and secure, in compliance with applicable laws, any internal stairways, doors, or corridors which connect the terminated portion of the Premises from the remainder of the Premises and shall, if applicable, install any separate utility meters, corridors and/or demising walls required to separate and demise the terminated portion of the Premises from the remaining portion of the Premises. In the event Landlord exercises its option to terminate this Lease as to the portion or, if applicable, the entire Premises as and to the extent permitted under this Section 5.6.1.1, then Tenant may rescind its request for Landlord's consent to such transfer by notice to Landlord within ten (10) business days following receipt of Landlord's election to terminate whereupon Landlord's election to terminate this Lease as to the applicable portion of the Premises proposed to be transferred shall be null and void. Notwithstanding the foregoing, in the event that Tenant shall only propose to sublease a portion of the Premises, Landlord shall only have the right to so terminate this Lease with respect to the portion of the Premises and for the proposed term of the sublease therefor (if such sublease was for less than all or substantially all of the remainder of the Term) for which Landlord's rights under this Section 5.6.1.1 are or would be triggered (the \"Terminated Portion of the Premises\") and from and after such termination date the Rentable Floor Area of the Premises shall be reduced to the rentable floor area of the remainder of the Premises and the definition of Rentable Floor Area of the Premises shall be so amended and after such termination all (and until the proposed expiration date of the proposed sublease if such sublease was for less than all or substantially all of the remainder of the Term) references in this Lease to the \"Premises\" or the \"Rentable Floor Area of the Premises\" shall be deemed to be references to the remainder of the Premises and accordingly Tenant's payments for Annual Fixed Rent and its share of operating costs, real estate taxes and electricity shall be reduced on a pro rata basis to reflect the size of the remainder of the Premises. In the case of an assignment or partial subletting where Landlord has exercised its termination right pursuant to this Section 5.6.1.1, Tenant shall pay to Landlord, as Additional Rent, within thirty (30) days after demand therefor, the reasonable costs which Tenant had agreed to pay or perform in connection with Tenant's proposed sublease to separately physically demise that portion of the Premises which are being terminated from the remainder of the Premises. In the event that Landlord shall exercise its termination right hereunder and thereafter relets the portion of the Premises thus recaptured from Tenant (the \"Recapture Premises\") for all or part of the then-remaining Lease Term (exclusive of any extension options not exercised as of the date of the recapture), Landlord shall pay to Tenant, within fifteen (15) days after receipt by Landlord, an amount equal to fifty percent (50%) of the excess of (i) the fixed rent, additional rent and all other charges and sums actually received by Landlord pursuant to such reletting, after deducting (x) Landlord's architectural, legal and brokerage fees in connection with such reletting and (y) any construction expenses incurred by Landlord in connection with such reletting and the fair market rental value of the Recapture Premises for any period after the recapture and prior to such reletting, over (ii) the Annual Fixed Rent, Additional Rent and other charges that would have been payable by Tenant for the Recapture Premises over the portion of the term of the reletting that falls within the then-remaining Lease Term (exclusive of any extension options not exercised as of the date of the recapture). Landlord shall certify the amounts set forth in subsections (i) and (ii) above to Tenant from time to time (but not more often than monthly) upon written request. Notwithstanding anything contained herein to the contrary, Tenant not be entitled to any sums due under this Section 5.6.1.1 until Landlord has fully recovered or been credited its costs in connection with the reletting at issue and the amount of any excess costs of Landlord may be carried over to a subsequent year(s) and deducted from the reletting revenues for such year(s) until a profit is received. In addition, the terms and provisions of this subparagraph shall not apply (and Tenant shall not be entitled to received any sums hereunder) in the event that the reletting is to a tenant with a significantly different use than the Permitted Uses and/or who is making significant alterations, additions or improvements to the Premises. In the event that Landlord shall not exercise its termination rights as aforesaid, or shall fail to give any or timely notice pursuant to this Section 5.6.1.1 the provisions of Sections 5.6.2 - 5.6.5 shall be applicable. This Section 5.6.1.1 shall not be applicable to an assignment or sublease pursuant to Section 5.6.1 or an occupancy permitted pursuant to Section 5.6.6.\n5.6.2 Notwithstanding the provisions of Section 5.6 above, but subject to the provisions of this Section 5.6.2 and the provisions of Sections 5.6.3, 5.6.4 and 5.6.5 below, in the event that Landlord shall not have exercised the termination right as set forth in Section 5.6.1.1, or shall have failed to give any or timely notice under Section 5.6.1.1, then for a period of one hundred twenty (120) days (i) after the receipt of Landlord's notice stating that Landlord does not elect the termination right, or (ii) after the expiration of the Acceptance Period, in the event Landlord shall not give any or timely notice under Section 5.6.1.1 as the case may be, Tenant shall have the right to assign this Lease or sublet the Premises in accordance with the Proposed Transfer Notice provided that, in each instance, Tenant first obtains the express prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. It is understood and agreed that Landlord's consent shall be deemed given hereunder in the event that Landlord shall fail to respond to a Proposed Transfer Notice meeting all of the requirements of Section 5.6.3 below within fifteen (15) business days after receipt of a request therefor from Tenant. Without limiting the foregoing standard, Landlord shall not be deemed to be unreasonably withholding its consent to such a proposed assignment or subleasing if:\n(a) the proposed assignee or subtenant is a tenant elsewhere in the Complex or is or has been in active negotiation with Landlord for premises elsewhere in the Complex within the six (6) month period prior to the proposed effective date of the assignment or sublease (provided, however, that Landlord may not withhold its consent on this basis if Landlord is unable to satisfy such existing or proposed tenant's need as to size of premises and/or length of term in the Complex), or\n(b) the proposed assignee or subtenant is not of a character consistent with the operation of a first-class office/research and development building (by way of example Landlord shall not be deemed to be unreasonably withholding its consent to an assignment or subleasing to any governmental or quasi-governmental agency, unless such agency is currently in occupancy of any portion of the Complex at the time of Tenant' s proposed request for consent), or\n(c) the proposed assignee does not possess adequate financial capability to perform the Tenant obligations as and when due or required or the proposed subtenant does not possess adequate financial capability to perform the obligations of the subtenant under the sublease as and when due or required (taking into account in both cases the continued liability of Tenant notwithstanding such transfer), or\n(d) the assignee or subtenant proposes to use the Premises (or part thereof) for a purpose other than the purpose for which the Premises may be used as stated in Section 1.1 hereof, or\n(e) the character of the business to be conducted or the proposed use of the Premises by the proposed subtenant or assignee shall (i) be likely to materially increase Landlord's Operating Expenses beyond that which Landlord now incurs for use by Tenant (unless Tenant or the proposed assignee or subtenant agrees to pay the excess costs attributable thereto); (ii) be likely to materially increase the burden on elevators or other Building systems or equipment over the burden prior to such proposed subletting or assignment (unless Tenant or the proposed assignee or subtenant agrees to pay the excess costs attributable thereto); or (iii) violate or be likely to violate any provisions or restrictions contained herein relating to the use or occupancy of the Premises, or\n(f) there shall be an existing Event of Default (defined in Section 7.1) or there have been three (3) or more Event of Default occurrences of a material nature during the Term, or\n(g) if any proposed assignment or sublease shall potentially have any adverse effect on the real estate investment trust qualification requirements applicable to Landlord and its affiliates, or\n(h) the holder of any mortgage or ground lease on property which includes the Premises does not approve of the proposed assignment or sublease (where such holder has approval rights pursuant to the terms of the mortgage or ground lease), or\n(i) due to the identity or business of a proposed assignee or subtenant, such approval would cause Landlord to be in violation of any covenant or restriction contained in another lease or other agreement affecting space elsewhere in the Complex.\n5.6.3 Tenant shall give Landlord notice (the \"Proposed Transfer Notice\") of any proposed sublease or assignment, and said notice shall specify the provisions of the proposed assignment or subletting (or a draft of the proposed assignment or sublease document in close-to-final form), including (a) the name and address of the proposed assignee or subtenant, (b) in the case of a proposed assignment or subletting pursuant to Section 5.6.2, such information as to the proposed assignee's or proposed subtenant's net worth and financial capability and standing as may reasonably be required for Landlord to make the determination referred to in Section 5.6.2 above (provided, however, that Landlord shall hold such information confidential having the right to release same to its officers, accountants, attorneys and mortgage lenders on a confidential basis), (c) in the case of a proposed assignment or subletting pursuant to Section 5.6.2, all other information necessary to make the determination referred to in Section 5.6.2 above and (d) in the case of a proposed assignment or subletting pursuant to Section 5.6.1 above, such information as may ", "samples": [{"hash": "lNvOWUEK5g4", "uri": "/contracts/lNvOWUEK5g4#assignment-sublease", "label": "Lease Agreement (Irobot Corp)", "score": 29.1259403229, "published": true}, {"hash": "fggJIJlyU6P", "uri": "/contracts/fggJIJlyU6P#assignment-sublease", "label": "Lease Agreement (Irobot Corp)", "score": 27.1327857971, "published": true}, {"hash": "fHTWHzQu5Kr", "uri": "/contracts/fHTWHzQu5Kr#assignment-sublease", "label": "Lease Agreement (Irobot Corp)", "score": 26.5770015717, "published": true}], "hash": "5bc2de7df2d63a16c06b5be0ffb45914", "id": 4}, {"size": 8, "snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [0, 14]}, {"key": "lessor-and-lessee", "type": "definition", "offset": [37, 54]}, {"key": "successors-and-assigns", "type": "definition", "offset": [73, 95]}, {"key": "written-permission", "type": "definition", "offset": [202, 220]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [292, 309]}, {"key": "transfer-of-the-lease", "type": "clause", "offset": [310, 331]}, {"key": "resulting-from", "type": "definition", "offset": [332, 346]}, {"key": "corporate-merger", "type": "clause", "offset": [349, 365]}, {"key": "name-of-lessee", "type": "clause", "offset": [394, 408]}], "snippet": "This agreement shall be binding upon LESSOR and LESSEE, their respective successors and assigns. This lease may not be assigned, subleased or otherwise transferred in whole or in part without the prior written permission of LESSOR, provided, however, that such consent shall not be necessary in the event of a transfer of the lease resulting from a corporate merger, consolidation or change of name of LESSEE.", "samples": [{"hash": "7invodQdaHt", "uri": "/contracts/7invodQdaHt#assignment-sublease", "label": "Surface Lease", "score": 23.967830658, "published": true}, {"hash": "hIcIDcAQvBR", "uri": "/contracts/hIcIDcAQvBR#assignment-sublease", "label": "Surface/Subsurface Lease", "score": 23.4134159088, "published": true}, {"hash": "d5V447AmaBW", "uri": "/contracts/d5V447AmaBW#assignment-sublease", "label": "Surface/Subsurface Lease", "score": 23.4134159088, "published": true}], "hash": "11421f554e9404313aab9e6de112033b", "id": 5}, {"size": 7, "snippet_links": [{"key": "company-may-assign", "type": "clause", "offset": [8, 26]}, {"key": "dispose-of", "type": "definition", "offset": [50, 60]}, {"key": "lawful-purpose", "type": "definition", "offset": [118, 132]}, {"key": "under-the-act", "type": "clause", "offset": [133, 146]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [148, 176]}, {"key": "the-company-must", "type": "clause", "offset": [194, 210]}, {"key": "prior-written-consent", "type": "clause", "offset": [229, 250]}, {"key": "capital-llc", "type": "definition", "offset": [321, 332]}, {"key": "under-common-control", "type": "definition", "offset": [387, 407]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [489, 518]}, {"key": "lender-may", "type": "definition", "offset": [524, 534]}, {"key": "foreclosure-sale", "type": "definition", "offset": [543, 559]}, {"key": "deed-in-lieu-of-foreclosure", "type": "definition", "offset": [566, 593]}, {"key": "the-interest", "type": "clause", "offset": [595, 607]}, {"key": "lease-agreement", "type": "definition", "offset": [631, 646]}, {"key": "with-respect-to", "type": "clause", "offset": [652, 667]}, {"key": "comply-with-the", "type": "clause", "offset": [732, 747]}, {"key": "the-company-shall", "type": "clause", "offset": [774, 791]}, {"key": "notify-the", "type": "clause", "offset": [792, 802]}, {"key": "city-of", "type": "clause", "offset": [803, 810]}, {"key": "the-assignment", "type": "definition", "offset": [811, 825]}, {"key": "in-writing", "type": "clause", "offset": [826, 836]}, {"key": "duly-executed", "type": "clause", "offset": [880, 893]}, {"key": "by-the-assignor", "type": "clause", "offset": [911, 926]}, {"key": "proper-form", "type": "definition", "offset": [934, 945]}, {"key": "term-of-this-lease", "type": "definition", "offset": [1023, 1041]}, {"key": "duplicate-original", "type": "definition", "offset": [1054, 1072]}, {"key": "the-trustee", "type": "clause", "offset": [1127, 1138]}, {"key": "days-after", "type": "definition", "offset": [1149, 1159]}, {"key": "the-execution", "type": "clause", "offset": [1160, 1173]}, {"key": "assumption-agreement", "type": "definition", "offset": [1200, 1220]}, {"key": "the-assignee", "type": "clause", "offset": [1256, 1268]}, {"key": "the-terms", "type": "definition", "offset": [1345, 1354]}, {"key": "conditions-of-this", "type": "clause", "offset": [1370, 1388]}, {"key": "rights-of-the-company", "type": "clause", "offset": [1480, 1501]}, {"key": "agree-to", "type": "clause", "offset": [1508, 1516]}, {"key": "terms-of", "type": "definition", "offset": [1533, 1541]}, {"key": "the-performance-agreement", "type": "clause", "offset": [1554, 1579]}, {"key": "related-to", "type": "clause", "offset": [1604, 1614]}, {"key": "issuance-of-the-bonds", "type": "clause", "offset": [1619, 1640]}, {"key": "assignment-of", "type": "definition", "offset": [1652, 1665]}, {"key": "and-agreement", "type": "clause", "offset": [1696, 1709]}, {"key": "no-further-obligations", "type": "clause", "offset": [1882, 1904]}, {"key": "under-this-lease", "type": "clause", "offset": [1905, 1921]}, {"key": "agreement-or", "type": "definition", "offset": [1939, 1951]}, {"key": "ordinance-no", "type": "clause", "offset": [2036, 2048]}, {"key": "as-amended", "type": "definition", "offset": [2056, 2066]}, {"key": "amendments-to", "type": "clause", "offset": [2132, 2145]}, {"key": "new-versions", "type": "definition", "offset": [2149, 2161]}, {"key": "agreement-and-other-documents", "type": "clause", "offset": [2193, 2222]}, {"key": "ownership-and-financing", "type": "clause", "offset": [2268, 2291]}, {"key": "the-project", "type": "clause", "offset": [2315, 2326]}, {"key": "ordinary-course-of-business", "type": "definition", "offset": [2387, 2414]}, {"key": "of-the-city", "type": "clause", "offset": [2493, 2504]}, {"key": "company-remains-obligated", "type": "clause", "offset": [2520, 2545]}, {"key": "obligations-under-the-lease", "type": "clause", "offset": [2568, 2595]}], "snippet": "(a) The Company may assign, transfer, encumber or dispose of this Lease or any interest herein or part hereof for any lawful purpose under the Act. Except as otherwise provided in this Section, the Company must obtain the City\u2019s prior written consent before any such disposition, unless such disposition is to Ridgehouse Capital LLC or [*\u2587\u2587\u2587\u2587\u2587\u2587 Financial*] or an entity controlled by or under common control with or controlling the Company, Ridgehouse Capital LLC or [*\u2587\u2587\u2587\u2587\u2587\u2587 Financial*]. Notwithstanding the foregoing, the Lender may sell at foreclosure sale or by deed in lieu of foreclosure, the interest of the Company in this Lease Agreement.\n(b) With respect to any assignment, the Company or the Lender, as applicable, shall comply with the following conditions:\n(i) the Company shall notify the City of the assignment in writing;\n(ii) such assignment shall be in writing, duly executed and acknowledged by the assignor and in proper form for recording;\n(iii) such assignment shall include the entire then unexpired term of this Lease; and\n(iv) a duplicate original of such assignment shall be delivered to the City and the Trustee within 10 days after the execution thereof, together with an assumption agreement, duly executed and acknowledged by the assignee and in proper form for recording, by which the assignee shall assume all of the terms, covenants and conditions of this Lease on the part of the Company to be performed and observed.\n(c) Any assignee of all the rights of the Company shall agree to be bound by the terms of this Lease, the Performance Agreement and any other documents related to the issuance of the Bonds. Upon such assignment of all the rights of the Company and agreement by the assignee to be bound by the terms of this Lease, the Performance Agreement and any other documents related to the Bonds, the Company shall be released from and have no further obligations under this Lease, the Performance Agreement or any agreement related to the issuance of the Bonds. As permitted by Section 6(b) of Ordinance No. 2679, as amended by Ordinance No. , the City may reissue the Bonds and enter into amendments to or new versions of this Lease, the Performance Agreement and other documents related to the Bonds to accommodate separate ownership and financing of various portions of the Project.\n(d) Notwithstanding the foregoing, the Company may, in its ordinary course of business, sublease all or portions of the Project to tenants without the prior consent of the City so long as the Company remains obligated to perform all of its obligations under the Lease and the Performance Agreement.", "samples": [{"hash": "kHcD7LGpenT", "uri": "/contracts/kHcD7LGpenT#assignment-sublease", "label": "Lease Agreement", "score": 29.0570888519, "published": true}], "hash": "f8887527681600f81d55a84106e2638c", "id": 9}, {"size": 8, "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [0, 12]}, {"key": "under-this-lease", "type": "clause", "offset": [35, 51]}, {"key": "the-premises", "type": "clause", "offset": [87, 99]}, {"key": "without-landlord", "type": "definition", "offset": [100, 116]}, {"key": "prior-written-consent", "type": "clause", "offset": [119, 140]}, {"key": "in-addition", "type": "clause", "offset": [207, 218]}, {"key": "consent-to", "type": "definition", "offset": [251, 261]}, {"key": "assignment-or-sublease", "type": "clause", "offset": [265, 287]}, {"key": "be-conditioned", "type": "clause", "offset": [298, 312]}, {"key": "the-proposed", "type": "clause", "offset": [338, 350]}, {"key": "term-of-this-lease", "type": "definition", "offset": [408, 426]}, {"key": "renewal-term", "type": "clause", "offset": [446, 458]}, {"key": "financial-condition", "type": "definition", "offset": [469, 488]}, {"key": "economic-terms-and-conditions", "type": "clause", "offset": [540, 569]}, {"key": "primarily-liable", "type": "clause", "offset": [656, 672]}, {"key": "payment-of", "type": "clause", "offset": [693, 703]}, {"key": "performance-of-the-obligations", "type": "clause", "offset": [730, 760]}, {"key": "assignment-or-subletting", "type": "clause", "offset": [783, 807]}, {"key": "conform-with", "type": "definition", "offset": [823, 835]}, {"key": "section-63", "type": "clause", "offset": [841, 852]}, {"key": "default-hereunder", "type": "clause", "offset": [873, 890]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [892, 921]}, {"key": "tenant-may", "type": "definition", "offset": [923, 933]}, {"key": "assign-or-sublet", "type": "clause", "offset": [963, 979]}, {"key": "parent-corporation", "type": "definition", "offset": [1000, 1018]}, {"key": "all-of-tenant", "type": "definition", "offset": [1136, 1149]}, {"key": "controlling-interest", "type": "clause", "offset": [1162, 1182]}, {"key": "the-stock", "type": "clause", "offset": [1186, 1195]}, {"key": "the-surviving-entity", "type": "clause", "offset": [1202, 1222]}, {"key": "permitted-transfer", "type": "definition", "offset": [1315, 1333]}, {"key": "if-tenant", "type": "clause", "offset": [1369, 1378]}, {"key": "exercise-of", "type": "clause", "offset": [1386, 1397]}, {"key": "option-to-extend", "type": "definition", "offset": [1402, 1418]}, {"key": "initial-term", "type": "clause", "offset": [1423, 1435]}, {"key": "sublease-or-assignment", "type": "clause", "offset": [1470, 1492]}, {"key": "expiration-of-the", "type": "clause", "offset": [1519, 1536]}, {"key": "the-commencement-date", "type": "clause", "offset": [1565, 1586]}, {"key": "the-building", "type": "clause", "offset": [1633, 1645]}, {"key": "pay-to", "type": "definition", "offset": [1665, 1671]}, {"key": "annual-basis", "type": "definition", "offset": [1688, 1700]}, {"key": "five-percent", "type": "clause", "offset": [1710, 1722]}, {"key": "the-transfer", "type": "clause", "offset": [1867, 1879]}, {"key": "annual-amount", "type": "definition", "offset": [1903, 1916]}, {"key": "rent-payable", "type": "clause", "offset": [1949, 1961]}, {"key": "the-base-rent", "type": "clause", "offset": [2072, 2085]}, {"key": "period-of", "type": "definition", "offset": [2173, 2182]}, {"key": "lease-rental", "type": "definition", "offset": [2216, 2228]}, {"key": "pro-rata-basis", "type": "clause", "offset": [2248, 2262]}, {"key": "entire-premises", "type": "definition", "offset": [2280, 2295]}, {"key": "equal-to", "type": "definition", "offset": [2353, 2361]}, {"key": "amortized-amount", "type": "definition", "offset": [2373, 2389]}, {"key": "costs-incurred", "type": "definition", "offset": [2397, 2411]}, {"key": "to-secure", "type": "clause", "offset": [2422, 2431]}, {"key": "without-limitation", "type": "clause", "offset": [2471, 2489]}, {"key": "brokerage-fees", "type": "clause", "offset": [2512, 2526]}, {"key": "tenant-inducements", "type": "clause", "offset": [2549, 2567]}, {"key": "term-of-the-sublease", "type": "clause", "offset": [2622, 2642]}, {"key": "per-annum", "type": "definition", "offset": [2694, 2703]}, {"key": "tenant-improvement-cost", "type": "clause", "offset": [2754, 2777]}, {"key": "applicable-year", "type": "definition", "offset": [2786, 2801]}, {"key": "during-the-term", "type": "clause", "offset": [2802, 2817]}, {"key": "in-the-event-the", "type": "clause", "offset": [2936, 2952]}, {"key": "negative-balance", "type": "clause", "offset": [3059, 3075]}, {"key": "carried-forward", "type": "clause", "offset": [3085, 3100]}, {"key": "succeeding-year", "type": "definition", "offset": [3120, 3135]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [3136, 3154]}, {"key": "calculating-the", "type": "clause", "offset": [3155, 3170]}, {"key": "no-transfer", "type": "clause", "offset": [3194, 3205]}, {"key": "the-lease", "type": "clause", "offset": [3285, 3294]}, {"key": "one-year", "type": "definition", "offset": [3309, 3317]}, {"key": "the-total", "type": "clause", "offset": [3356, 3365]}, {"key": "sum-of", "type": "clause", "offset": [3377, 3383]}, {"key": "the-cumulative", "type": "clause", "offset": [3452, 3466]}, {"key": "transfer-premiums", "type": "clause", "offset": [3499, 3516]}, {"key": "applicable-to", "type": "definition", "offset": [3517, 3530]}, {"key": "date-of", "type": "clause", "offset": [3678, 3685]}, {"key": "the-assignment", "type": "definition", "offset": [3702, 3716]}, {"key": "by-tenant-to-landlord", "type": "clause", "offset": [3777, 3798]}, {"key": "within-thirty", "type": "clause", "offset": [3799, 3812]}, {"key": "days-after", "type": "definition", "offset": [3818, 3828]}, {"key": "anniversary-date", "type": "definition", "offset": [3839, 3855]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [3860, 3881]}, {"key": "second-paragraph", "type": "clause", "offset": [3882, 3898]}, {"key": "notice-to-tenant", "type": "clause", "offset": [3975, 3991]}, {"key": "after-tenant", "type": "definition", "offset": [4013, 4025]}, {"key": "notice-to-landlord", "type": "clause", "offset": [4036, 4054]}, {"key": "to-receive", "type": "definition", "offset": [4079, 4089]}, {"key": "by-landlord", "type": "clause", "offset": [4249, 4260]}, {"key": "landlord-shall", "type": "clause", "offset": [4274, 4288]}, {"key": "condition-of", "type": "clause", "offset": [4450, 4462]}, {"key": "the-assignee", "type": "clause", "offset": [4504, 4516]}, {"key": "obligations-of-the-tenant", "type": "clause", "offset": [4561, 4586]}, {"key": "the-terms-and-conditions-of-this", "type": "clause", "offset": [4593, 4625]}, {"key": "assignment-and-sublease", "type": "clause", "offset": [4641, 4664]}], "snippet": "Tenant shall not assign its rights under this Lease or sublet the whole or any part of the Premises without Landlord\u2019s prior written consent. Landlord\u2019s consent will not be unreasonably withheld or delayed. In addition, Landlord acknowledges that its consent to an assignment or sublease shall not be conditioned upon (i) the duration of the proposed sublease so long as said term does not extend beyond the term of this Lease and any applicable renewal term, (ii) the financial condition or ability of the proposed sublessee, or (iii) the economic terms and conditions of such sublease. In the event that Landlord grants such consent, Tenant shall remain primarily liable to Landlord for the payment of all rent and for the full performance of the obligations under this Lease. Any assignment or subletting which does not conform with this Section 6.3 shall be void and a default hereunder. Notwithstanding the foregoing, Tenant may, without Landlord\u2019s consent, assign or sublet the Premises to its parent corporation or any subsidiary thereof, if any, or assign or sublet the Premises to any entity that acquires all or substantially all of Tenant\u2019s assets or controlling interest in the stock or is the surviving entity after merging with Tenant. Such an assignment or sublease shall be referred to herein as a \u201cPermitted Transfer.\u201d Except for a Permitted Transfer, if Tenant, after exercise of its option to extend the initial Term of this Lease, shall enter into a sublease or assignment that (x) extends past the expiration of the tenth (10th) anniversary of the Commencement Date and (y) covers forty percent (40%) or more of the Building, then Tenant shall pay to Landlord, on an annual basis, seventy-five percent (75%) of the \u201ctransfer premium\u201d, if any, as hereinafter defined, existing from and after the tenth (10th) anniversary of the Commencement Date. The transfer premium shall mean the annual amount of all base rent and additional rent payable by such sublessee or assignee to Tenant under the sublease or assignment (the \u201cSublease Rental\u201d) in excess of the Base Rent and additional rent payable by Tenant under this Lease during the corresponding annual period of the sublease or assignment (the \u201cLease Rental\u201d), calculated on a pro rata basis if less than the entire Premises is assigned or sublet, less the following:\n(i) An amount equal to the annual amortized amount of all costs incurred by Tenant to secure the sublease or assignment, including, without limitation, all attorneys\u2019 fees, brokerage fees, remodeling costs and tenant inducements or allowances. Such costs shall be amortized over the term of the sublease or assignment at a rate equal to ten percent (10%) per annum; and\n(ii) An amount equal to the annual Amortized Tenant Improvement Cost for the applicable year during the term of the sublease or assignment, calculated on a pro rata basis if less than the entire Premises is assigned or sublet. In the event the transfer premium is a negative number in any year during the term of the sublease or assignment, then the negative balance shall be carried forward and applied to the succeeding year for the purpose of calculating the transfer premium (i.e. no transfer premium shall be payable unless the difference between the Sublease Rental and the Lease Rental in any one year of the sublease or assignment exceeds the total of (a) the sum of the amounts set forth in (i) and (ii) above in any one year and (b) the cumulative total of all unapplied negative transfer premiums applicable to previous years during the term of the sublease or assignment). The transfer premium shall be calculated as of each anniversary of the commencement date of the sublease or the assignment. Any transfer premium determined to be due shall be payable by Tenant to Landlord within thirty (30) days after each such anniversary date. If the provisions of the second paragraph of this paragraph 6.3 shall apply, then Landlord, at its option, by written notice to Tenant within ten (10) days after Tenant\u2019s written notice to Landlord of such sublease, elect to receive one hundred percent (100%) of the difference between the Sublease Rental and the Lease Rental. If Landlord elects such option, then in order for such election by Landlord to be valid, Landlord shall pay Tenant within ten (10) days of Tenant\u2019s demand therefore, the amounts set forth in subpart (i) and subpart (ii) as provided in the second paragraph above. A condition of any assignment or sublease shall be that the assignee or subleasee shall affirmatively assume all obligations of the Tenant under the terms and conditions of this Lease and such assignment and sublease shall not relieve Tenant of its obligations under this Lease.", "samples": [{"hash": "4LMnYxm7E6i", "uri": "/contracts/4LMnYxm7E6i#assignment-sublease", "label": "Office/Light Manufacturing Lease (DJO Finance LLC)", "score": 19.0, "published": true}], "hash": "f9765fb195eb63086ba7f1dd9d0cfe0b", "id": 6}, {"size": 68, "snippet_links": [{"key": "title-and-interest", "type": "clause", "offset": [81, 99]}, {"key": "agreement-to", "type": "clause", "offset": [142, 154]}, {"key": "the-terms-and-conditions-of-this", "type": "clause", "offset": [190, 222]}, {"key": "not-limited", "type": "clause", "offset": [254, 265]}, {"key": "right-to", "type": "definition", "offset": [274, 282]}, {"key": "enjoyment-of-the-equipment", "type": "clause", "offset": [293, 319]}, {"key": "by-lessee", "type": "clause", "offset": [320, 329]}, {"key": "section-71", "type": "clause", "offset": [346, 357]}, {"key": "rights-and-obligations-of-lessor", "type": "clause", "offset": [403, 435]}, {"key": "under-this-lease", "type": "clause", "offset": [436, 452]}, {"key": "to-lessor", "type": "definition", "offset": [526, 535]}, {"key": "assignment-or-transfer", "type": "clause", "offset": [600, 622]}, {"key": "the-obligations", "type": "clause", "offset": [624, 639]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [663, 689]}, {"key": "section-72", "type": "clause", "offset": [706, 717]}, {"key": "security-interest-in-the-equipment", "type": "clause", "offset": [774, 808]}, {"key": "all-rights", "type": "clause", "offset": [928, 938]}, {"key": "by-lessor", "type": "clause", "offset": [958, 967]}, {"key": "grant-of-security-interest", "type": "definition", "offset": [1041, 1067]}, {"key": "assignment-of", "type": "definition", "offset": [1088, 1101]}, {"key": "collateral-assignment", "type": "definition", "offset": [1375, 1396]}, {"key": "written-request", "type": "definition", "offset": [1546, 1561]}, {"key": "lessee-shall", "type": "clause", "offset": [1573, 1585]}, {"key": "the-pledgee", "type": "clause", "offset": [1615, 1626]}, {"key": "in-this-lease", "type": "clause", "offset": [1756, 1769]}, {"key": "agreement-or", "type": "definition", "offset": [1770, 1782]}, {"key": "consent-of-lessor", "type": "clause", "offset": [1831, 1848]}, {"key": "by-operation-of-law", "type": "clause", "offset": [1927, 1946]}], "snippet": "19.1 Lessor may sell, assign or otherwise transfer all or any part of its right, title and interest in and to the Equipment and/or this Lease Agreement to a third-party assignee, subject to the terms and conditions of this Lease Agreement including, but not limited to, the right to the quiet enjoyment of the Equipment by Lessee as set forth in Section 7.1 above. Such assignee shall assume all of the rights and obligations of Lessor under this Lease Agreement and shall relieve Lessor therefrom. Thereafter, all references to Lessor herein shall mean such assignee. Notwithstanding any such sale, assignment or transfer, the obligations hereunder shall remain absolute and unconditional as set forth in Section 7.2 above.\n19.2 Lessor may also pledge, mortgage or grant a security interest in the Equipment and assign this Lease Agreement as collateral. Each such pledgee, mortgagee, lienholder or assignee shall have any and all rights as may be assigned by Lessor but none of the obligations of Lessor hereunder. Any pledge, mortgage or grant of security interest in the Equipment or assignment of this Lease Agreement shall be subject to the terms and conditions hereof including, but not limited to, the right to the quiet enjoyment of the Equipment by Lessee as set forth in Section 7.1 above. Lessor, by reason of such pledge, mortgage, grant of security interest or collateral assignment, shall not be relieved of any of its obligations hereunder which shall remain absolute and unconditional as set forth in Section 7.2 above. Upon the written request of Lessor, Lessee shall acknowledge such obligations the pledgee, mortgagee, lienholder or assignee.\n19.3 LESSEE SHALL NOT SELL, TRANSFER, ASSIGN, SUBLEASE, CONVEY OR PLEDGE ANY OF ITS INTEREST IN THIS LEASE AGREEMENT OR ANY OF THE EQUIPMENT, WITHOUT THE PRIOR WRITTEN CONSENT OF LESSOR. Any such sale, transfer, assignment, sublease, conveyance or pledge, whether by operation of law or otherwise, without the prior written consent of Lessor, shall be void.", "samples": [{"hash": "jNS0zhoa5LC", "uri": "/contracts/jNS0zhoa5LC#assignment-sublease", "label": "Master Lease Agreement (Acorn Products Inc)", "score": 18.0, "published": true}, {"hash": "iTfF0WeiUzE", "uri": "/contracts/iTfF0WeiUzE#assignment-sublease", "label": "Master Lease Agreement (Ladd Furniture Inc)", "score": 18.0, "published": true}, {"hash": "3Q03xbu2E4X", "uri": "/contracts/3Q03xbu2E4X#assignment-sublease", "label": "Master Lease Agreement (Benchmarq Microelectronics Inc)", "score": 18.0, "published": true}], "hash": "70dd4174f80e521b4258dd0a78b5ac3b", "id": 1}, {"size": 14, "snippet_links": [{"key": "tenant-may", "type": "definition", "offset": [0, 10]}, {"key": "under-this-lease", "type": "clause", "offset": [85, 101]}, {"key": "consent-of-landlord", "type": "clause", "offset": [190, 209]}, {"key": "assignment-or-sublease", "type": "clause", "offset": [299, 321]}, {"key": "further-consent", "type": "clause", "offset": [416, 431]}, {"key": "for-the-purpose-of-this", "type": "clause", "offset": [502, 525]}, {"key": "section-8", "type": "clause", "offset": [526, 535]}, {"key": "the-word", "type": "definition", "offset": [537, 545]}, {"key": "if-tenant", "type": "clause", "offset": [617, 626]}, {"key": "by-operation-of-law", "type": "clause", "offset": [705, 724]}, {"key": "dissolution-of-the-partnership", "type": "clause", "offset": [801, 831]}, {"key": "more-than-one-person", "type": "clause", "offset": [860, 880]}, {"key": "an-assignment", "type": "clause", "offset": [882, 895]}, {"key": "other-persons", "type": "clause", "offset": [981, 994]}, {"key": "a-corporation", "type": "clause", "offset": [1032, 1045]}, {"key": "reorganization-of-tenant", "type": "definition", "offset": [1066, 1090]}, {"key": "transfer-of-a", "type": "clause", "offset": [1113, 1126]}, {"key": "capital-stock", "type": "clause", "offset": [1173, 1186]}, {"key": "affiliate-or-subsidiary", "type": "definition", "offset": [1214, 1237]}, {"key": "sale-of", "type": "clause", "offset": [1245, 1252]}, {"key": "assets-of-tenant", "type": "clause", "offset": [1293, 1309]}, {"key": "limited-liability-company", "type": "clause", "offset": [1331, 1356]}, {"key": "of-members", "type": "clause", "offset": [1369, 1379]}, {"key": "interest-in-the-company", "type": "definition", "offset": [1386, 1409]}, {"key": "fifty-percent", "type": "definition", "offset": [1413, 1426]}, {"key": "the-phrase", "type": "clause", "offset": [1442, 1452]}, {"key": "ownership-of", "type": "clause", "offset": [1488, 1500]}, {"key": "the-right-to-vote", "type": "clause", "offset": [1506, 1523]}, {"key": "power-of", "type": "clause", "offset": [1604, 1612]}, {"key": "entitled-to-vote", "type": "clause", "offset": [1675, 1691]}, {"key": "election-of-directors", "type": "clause", "offset": [1700, 1721]}, {"key": "to-provide", "type": "definition", "offset": [1764, 1774]}, {"key": "of-the-corporation", "type": "clause", "offset": [1807, 1825]}, {"key": "acceptance-of-rent-by-landlord", "type": "clause", "offset": [1827, 1857]}, {"key": "any-non", "type": "clause", "offset": [1864, 1871]}, {"key": "permitted-assignment", "type": "clause", "offset": [1872, 1892]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [1974, 2000]}, {"key": "without-landlord", "type": "definition", "offset": [2062, 2078]}, {"key": "consent-to", "type": "definition", "offset": [2081, 2091]}, {"key": "corporation-or-partnership", "type": "clause", "offset": [2101, 2127]}, {"key": "under-common-control", "type": "definition", "offset": [2167, 2187]}, {"key": "merger-or-consolidation", "type": "definition", "offset": [2245, 2268]}, {"key": "all-of-tenant", "type": "definition", "offset": [2312, 2325]}, {"key": "going-concern", "type": "definition", "offset": [2340, 2353]}, {"key": "the-business", "type": "clause", "offset": [2357, 2369]}, {"key": "being-conducted", "type": "definition", "offset": [2378, 2393]}, {"key": "on-the-premises", "type": "definition", "offset": [2394, 2409]}, {"key": "the-assignee", "type": "clause", "offset": [2422, 2434]}, {"key": "bona-fide", "type": "definition", "offset": [2453, 2462]}, {"key": "obligations-of-tenant", "type": "clause", "offset": [2486, 2507]}, {"key": "permitted-use", "type": "definition", "offset": [2532, 2545]}, {"key": "section-3", "type": "definition", "offset": [2564, 2573]}, {"key": "notice-of-any", "type": "clause", "offset": [2621, 2634]}, {"key": "assignment-or-subletting", "type": "clause", "offset": [2640, 2664]}, {"key": "failure-to", "type": "clause", "offset": [2670, 2680]}, {"key": "default-hereunder", "type": "clause", "offset": [2698, 2715]}, {"key": "rights-of", "type": "clause", "offset": [2825, 2834]}, {"key": "existing-tenant", "type": "definition", "offset": [2838, 2853]}, {"key": "in-no-event-shall", "type": "clause", "offset": [2871, 2888]}, {"key": "rights-hereunder", "type": "clause", "offset": [2952, 2968]}, {"key": "by-tenant", "type": "definition", "offset": [3009, 3018]}, {"key": "reorganization-proceedings", "type": "definition", "offset": [3067, 3093]}, {"key": "an-agent", "type": "clause", "offset": [3165, 3173]}, {"key": "landlord-consents", "type": "clause", "offset": [3315, 3332]}, {"key": "tenant-shall", "type": "clause", "offset": [3366, 3378]}, {"key": "expenses-incurred", "type": "definition", "offset": [3422, 3439]}, {"key": "in-connection-with", "type": "clause", "offset": [3452, 3470]}, {"key": "the-assignment", "type": "definition", "offset": [3471, 3485]}, {"key": "reasonable-attorneys", "type": "definition", "offset": [3532, 3552]}, {"key": "to-landlord", "type": "definition", "offset": [3696, 3707]}, {"key": "attributable-to-the-premises", "type": "definition", "offset": [3719, 3747]}, {"key": "landlord-shall", "type": "clause", "offset": [3916, 3930]}, {"key": "in-addition-to", "type": "clause", "offset": [3965, 3979]}, {"key": "improvements-to-the-premises", "type": "clause", "offset": [4034, 4062]}], "snippet": "Tenant may not assign or encumber this Lease or its interest in the Premises arising under this Lease, and may not sublet any part or all of the Premises without first obtaining the written consent of Landlord, which consent may not be unreasonably withheld, conditioned or delayed by Landlord. Any assignment or sublease to which Landlord may consent (one consent not being any basis that Landlord should grant any further consent) shall not relieve Tenant of any or all of its obligations hereunder. For the purpose of this Section 8, the word \"assignment\" shall be defined and deemed to include the following: (i) if Tenant is a partnership, the withdrawal or change, whether voluntary, involuntary or by operation of law, of partners owning thirty percent (30%) or more of the partnership, or the dissolution of the partnership; (ii) if Tenant consists of more than one person, an assignment, whether voluntary, involuntary, or by operation of law, by one person to one of the other persons that is a Tenant; (iii) if Tenant is a corporation, any dissolution or reorganization of Tenant, or the sale or other transfer of a controlling percentage (hereafter defined) of capital stock of Tenant other than to an affiliate or subsidiary or the sale of fifty-one percent (51%) in value of the assets of Tenant; (iv) if Tenant is a limited liability company, the change of members whose interest in the company is fifty percent (50%) or more. The phrase \"controlling percentage\" means the ownership of, and the right to vote, stock possessing at least fifty-one percent (51%) of the total combined voting power of all classes of Tenant's capital stock issued, outstanding and entitled to vote for the election of directors, or such lesser percentage as is required to provide actual control over the affairs of the corporation. Acceptance of Rent by Landlord after any non-permitted assignment shall not constitute approval thereof by Landlord. Notwithstanding the foregoing provisions of this Section 8, Tenant may assign or sublease part or all of the Premises without Landlord's consent to: (i) any corporation or partnership that controls, is controlled by, or is under common control with, Tenant; or (ii) any corporation resulting from the merger or consolidation with Tenant or to any entity that acquires all of Tenant's assets as a going concern of the business that is being conducted on the Premises, as long as the assignee or sublessee is a bona fide entity and assumes the obligations of Tenant, and continues the same Permitted Use as provided under Section 3. However, Landlord must be given prior written notice of any such assignment or subletting, and failure to do so shall be a default hereunder. Landlord will never consent to an assignment or sublease that might result in a use that conflicts with the rights of an existing tenant under its lease. In no event shall this Lease be assignable by operation of any law, and Tenant's rights hereunder may not become, and shall not be listed by Tenant as an asset under any bankruptcy, insolvency or reorganization proceedings. Tenant is not, may not become, and shall never represent itself to be an agent of Landlord, and Tenant acknowledges that Landlord's title is paramount, and that it can do nothing to affect or impair Landlord's title. If Landlord consents to any assignment or subletting, Tenant shall pay all reasonable out-of-pocket costs and expenses incurred by Landlord in connection with the assignment or sublease transaction, including Landlord\u2019s reasonable attorneys\u2019 fees. If this Lease shall be assigned or the Premises or any portion thereof sublet by Tenant at a rental that exceeds the rentals to be paid to Landlord hereunder, attributable to the Premises or portion thereof so assigned or sublet, then any such excess shall be paid over to Landlord by Tenant. If Landlord assists Tenant in finding a permissible subtenant, Landlord shall be paid a fee for such assistance in addition to a fee in an amount necessary to cover the subtenant\u2019s improvements to the Premises or any portion thereof so assigned or sublet.", "samples": [{"hash": "jhAQNVxy78J", "uri": "/contracts/jhAQNVxy78J#assignment-sublease", "label": "Office Lease (Global Axcess Corp)", "score": 20.0732383728, "published": true}, {"hash": "joRguQYgrdr", "uri": "/contracts/joRguQYgrdr#assignment-sublease", "label": "Office Lease (Global Axcess Corp)", "score": 19.0, "published": true}], "hash": "1b36ff1b68cab6503aad3a41b8d6c4e0", "id": 3}, {"size": 8, "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [0, 12]}, {"key": "consent-of-landlord", "type": "clause", "offset": [44, 63]}, {"key": "use-of-the-premises", "type": "clause", "offset": [213, 232]}, {"key": "by-any-party", "type": "clause", "offset": [233, 245]}, {"key": "if-tenant", "type": "clause", "offset": [265, 274]}, {"key": "to-sublease", "type": "clause", "offset": [283, 294]}, {"key": "submit-to", "type": "definition", "offset": [342, 351]}, {"key": "request-for", "type": "clause", "offset": [371, 382]}, {"key": "name-and-address", "type": "clause", "offset": [469, 485]}, {"key": "the-proposed", "type": "clause", "offset": [489, 501]}, {"key": "the-space", "type": "definition", "offset": [539, 548]}, {"key": "a-copy-of-the", "type": "clause", "offset": [563, 576]}, {"key": "fully-executed", "type": "definition", "offset": [577, 591]}, {"key": "approval-of-landlord", "type": "clause", "offset": [623, 643]}, {"key": "the-nature", "type": "clause", "offset": [645, 655]}, {"key": "character-of-the-business", "type": "clause", "offset": [660, 685]}, {"key": "proposed-use", "type": "clause", "offset": [721, 733]}, {"key": "information-on", "type": "clause", "offset": [769, 783]}, {"key": "other-information", "type": "clause", "offset": [816, 833]}, {"key": "as-landlord", "type": "definition", "offset": [834, 845]}, {"key": "consent-to", "type": "definition", "offset": [859, 869]}, {"key": "assignment-or-sublease", "type": "clause", "offset": [874, 896]}, {"key": "the-tenant", "type": "clause", "offset": [933, 943]}, {"key": "in-the-event-the", "type": "clause", "offset": [1007, 1023]}, {"key": "proposed-tenant", "type": "clause", "offset": [1068, 1083]}, {"key": "condition-of-the", "type": "clause", "offset": [1135, 1151]}, {"key": "landlord-consent", "type": "definition", "offset": [1220, 1236]}, {"key": "an-assignment", "type": "clause", "offset": [1240, 1253]}, {"key": "assignments-or-subleases", "type": "clause", "offset": [1314, 1338]}, {"key": "by-landlord", "type": "clause", "offset": [1478, 1489]}, {"key": "in-writing", "type": "clause", "offset": [1490, 1500]}, {"key": "sublease-or-assignment-by-tenant", "type": "clause", "offset": [1505, 1537]}, {"key": "proposed-assignment", "type": "definition", "offset": [1665, 1684]}, {"key": "the-agreement", "type": "clause", "offset": [1702, 1715]}, {"key": "pay-to", "type": "definition", "offset": [1729, 1735]}, {"key": "the-excess", "type": "clause", "offset": [1745, 1755]}, {"key": "rentals-and-other-charges", "type": "clause", "offset": [1772, 1797]}, {"key": "provisions-of", "type": "clause", "offset": [1863, 1876]}, {"key": "additional-rent-and-other-charges", "type": "clause", "offset": [1939, 1972]}, {"key": "by-tenant-to-landlord", "type": "clause", "offset": [1984, 2005]}, {"key": "occupancy-of-the-premises", "type": "clause", "offset": [2021, 2046]}, {"key": "tenant-may", "type": "definition", "offset": [2127, 2137]}, {"key": "assignment-of", "type": "definition", "offset": [2187, 2200]}, {"key": "notwithstanding-the", "type": "definition", "offset": [2261, 2280]}, {"key": "with-respect-to", "type": "clause", "offset": [2345, 2360]}, {"key": "expansion-option", "type": "definition", "offset": [2422, 2438]}, {"key": "right-of-first-refusal-option", "type": "clause", "offset": [2440, 2469]}, {"key": "renewal-option", "type": "definition", "offset": [2474, 2488]}, {"key": "under-this-lease", "type": "clause", "offset": [2489, 2505]}, {"key": "in-accordance-with", "type": "clause", "offset": [2513, 2531]}, {"key": "a-separate", "type": "definition", "offset": [2532, 2542]}, {"key": "written-agreement", "type": "definition", "offset": [2543, 2560]}, {"key": "entered-into", "type": "clause", "offset": [2561, 2573]}, {"key": "in-no-event-shall", "type": "clause", "offset": [2632, 2649]}, {"key": "availability-of", "type": "clause", "offset": [2699, 2714]}, {"key": "consent-of-the-landlord", "type": "definition", "offset": [2769, 2792]}, {"key": "rental-rate", "type": "definition", "offset": [2918, 2929]}, {"key": "in-the-building", "type": "clause", "offset": [2961, 2976]}, {"key": "for-rent", "type": "clause", "offset": [2994, 3002]}, {"key": "tenant-agrees-to", "type": "clause", "offset": [3016, 3032]}, {"key": "on-demand", "type": "clause", "offset": [3050, 3059]}, {"key": "reasonable-costs", "type": "clause", "offset": [3065, 3081]}, {"key": "in-connection-with", "type": "clause", "offset": [3131, 3149]}, {"key": "for-landlord", "type": "clause", "offset": [3172, 3184]}, {"key": "assignment-or-subletting", "type": "clause", "offset": [3202, 3226]}, {"key": "landlord-may-assign", "type": "clause", "offset": [3228, 3247]}, {"key": "the-property", "type": "clause", "offset": [3319, 3331]}, {"key": "additional-security", "type": "clause", "offset": [3335, 3354]}, {"key": "payment-of", "type": "clause", "offset": [3363, 3373]}, {"key": "any-loan", "type": "clause", "offset": [3374, 3382]}], "snippet": "Tenant shall not, without the prior written consent of Landlord, assign, hypothecate, encumber or otherwise transfer this Lease or any interest hereunder, or sublet the Premises or any part thereof, or permit the use of the Premises by any party other than Tenant. If Tenant desires to sublease the Premises or any part thereof, Tenant shall submit to Landlord a written request for the consent of Landlord to such subletting, which request shall be accompanied by the name and address of the proposed subtenant, a description identifying the space to be sublet, a copy of the fully executed sublease conditioned only upon approval of Landlord, the nature and character of the business of the proposed subtenant, and its proposed use of the Premises, current financial information on the proposed subtenant and such other information as Landlord may request. Consent to any assignment or sublease shall not be unreasonably withheld. The Tenant acknowledges that Landlord is entitled to withhold its consent in the event the nature and character of the business of the proposed tenant, its proposed use of the Premises or the financial condition of the proposed tenant is objectionable or unsatisfactory to Landlord. Any Landlord consent to an assignment or sublease shall not nullify this provision, and all later assignments or subleases shall be made likewise only after the prior written consent of Landlord is obtained in each instance. Unless otherwise expressly agreed to by Landlord in writing, no sublease or assignment by Tenant shall relieve Tenant of any liability hereunder. Tenant acknowledges and agrees that Landlord may condition its consent to any proposed assignment or sublease upon the agreement of Tenant to pay to Landlord the excess, if any, of the rentals and other charges to be paid by Tenant\u2019s assignee or sublessee under the terms and provisions of such proposed assignment or sublease over the Annual Rent and Additional Rent and other charges to be paid by Tenant to Landlord hereunder. The occupancy of the Premises by any successor firm of the Tenant or by any firm into which or with which the Tenant may become merged or consolidated shall be deemed an assignment of this Lease requiring the prior written consent of Landlord. Notwithstanding the giving by Landlord of its consent to any assignment or sublease with respect to the Premises, no such assignee or sublessee may exercise any expansion option, right of first refusal option, or renewal option under this Lease except in accordance with a separate written agreement entered into directly between such assignee of sublessee and Landlord. In no event shall Tenant (1) advertise or publicize in any way the availability of all or part of the Premises without the prior written consent of the Landlord, or (2) advertise or publicize the Premises for subletting whether through a broker, agent, representative or otherwise at a rental rate less than that for which space in the Building is being offered for rent by Landlord. Tenant agrees to pay to Landlord, on demand, all reasonable costs (including attorneys\u2019 fees) incurred by Landlord in connection with any request by Tenant for Landlord\u2019s consent to any assignment or subletting. Landlord may assign this Lease to any construction or permanent mortgagee (\u201cMortgagee\u201d) of the Property as additional security for the payment of any loan thereby", "samples": [{"hash": "hHtISRrpZu4", "uri": "/contracts/hHtISRrpZu4#assignment-sublease", "label": "Lease Agreement (Cornerstone Therapeutics Inc)", "score": 21.0, "published": true}], "hash": "76113f7199e1435ac7d94b59b498f29e", "id": 7}, {"size": 7, "snippet_links": [{"key": "tenant-will", "type": "clause", "offset": [0, 11]}, {"key": "right-to-assign", "type": "clause", "offset": [21, 36]}, {"key": "agreement-or", "type": "definition", "offset": [42, 54]}, {"key": "the-premises", "type": "clause", "offset": [64, 76]}, {"key": "notification-to-landlord", "type": "clause", "offset": [201, 225]}, {"key": "future-performance", "type": "definition", "offset": [277, 295]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [313, 345]}], "snippet": "Tenant will have the right to assign this Agreement or sublease the Premises and its rights herein, in whole or in part, with Landlord\u2019s consent, which consent shall not be unreasonably withheld. Upon notification to Landlord of such assignment, Tenant will be relieved of all future performance, liabilities and obligations under this Agreement.", "samples": [{"hash": "8W5DQFUG93h", "uri": "/contracts/8W5DQFUG93h#assignment-sublease", "label": "Lease Agreement", "score": 19.0, "published": true}, {"hash": "3VaeizQJRDt", "uri": "/contracts/3VaeizQJRDt#assignment-sublease", "label": "Lease Agreement", "score": 19.0, "published": true}], "hash": "57017cf7274eceb57b727652d70fd5bc", "id": 8}, {"size": 6, "snippet_links": [{"key": "right-to-assign", "type": "clause", "offset": [29, 44]}, {"key": "subleased-premises", "type": "definition", "offset": [88, 106]}], "snippet": "Subtenant shall not have the right to assign this Sublease, or to license or sublet any Subleased Premises, or any part thereof.", "samples": [{"hash": "e6PjgwLAyaz", "uri": "/contracts/e6PjgwLAyaz#assignment-sublease", "label": "Master Sublease Agreement", "score": 29.3408622742, "published": true}, {"hash": "1o9rj5GpBLu", "uri": "/contracts/1o9rj5GpBLu#assignment-sublease", "label": "Master Sublease Agreement", "score": 29.3408622742, "published": true}, {"hash": "b6ZUexLxRb8", "uri": "/contracts/b6ZUexLxRb8#assignment-sublease", "label": "Master Sublease Agreement (Lands' End, Inc.)", "score": 26.238193512, "published": true}], "hash": "89016848335270ba18491230ec649582", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihxhc3NpZ25tZW50LXN1YmxlYXNlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 439, "parents": [["tenants-covenants", "Tenant\u2019s Covenants"], ["assignment-and-sublease", "ASSIGNMENT AND SUBLEASE"], ["reference-data", "Reference Data"], ["events-of-default", "EVENTS OF DEFAULT"], ["tenant-electricity", "TENANT ELECTRICITY"]], "children": [["prohibited-assignments-subleases", "Prohibited Assignments/Subleases"], ["landlord-consent", "Landlord Consent"], ["landlords-right-to-collect-sublease-rents-upon-tenant-default", "Landlord\u2019s Right to Collect Sublease Rents upon Tenant Default"], ["excess-rents", "Excess Rents"], ["limitation-on-rights-of-assignee-sublessee", "Limitation on Rights of Assignee/Sublessee"]], "title": "Assignment; Sublease", "id": "assignment-sublease", "related": [["assignment-subleasing", "Assignment Subleasing", "Assignment Subleasing"], ["assignment-subletting", "Assignment/Subletting", "Assignment/Subletting"], ["sublease-and-assignment", "Sublease and Assignment", "Sublease and Assignment"], ["assignment-and-sublease", "ASSIGNMENT AND SUBLEASE", "ASSIGNMENT AND SUBLEASE"], ["assignment-and-subleasing", "Assignment and Subleasing", "Assignment and Subleasing"]], "related_snippets": [], "updated": "2026-05-07T05:32:46+00:00", "also_ask": ["What restrictions or consents should be negotiated for assignment and sublease rights?", "How can the clause be drafted to maximize flexibility for the tenant while protecting the landlord?", "What are the most common pitfalls that render assignment or sublease provisions unenforceable in court?", "How do assignment and sublease standards in this clause compare to market norms or statutory requirements?", "What remedies or protections should be included if the other party breaches assignment or sublease terms?"], "drafting_tip": "Specify conditions for assignment and sublease to prevent unauthorized transfers; require landlord consent to maintain control over tenants; define exceptions to ensure operational flexibility.", "explanation": "The Assignment; Sublease clause governs a tenant's ability to transfer their lease rights or obligations to another party, either through assignment or subleasing. Typically, this clause outlines whether the tenant must obtain the landlord's consent before assigning the lease or subletting the premises, and may specify conditions or procedures for such transfers. Its core function is to give the landlord control over who occupies or holds rights to the leased property, thereby protecting the landlord\u2019s interests and ensuring responsible use of the premises."}, "json": true, "cursor": ""}}