Common use of Assignment, Subletting and Encumbrances Clause in Contracts

Assignment, Subletting and Encumbrances. A. Except as otherwise permitted by Article Seventeen of the Prime Lease, without the prior written consent of Sublandlord (not to be unreasonably withheld, conditioned or delayed) and Prime Landlord, Subtenant shall not (i) assign this Sublease (by operation of law or otherwise), (ii) sublease all or any part of the Premises, (iii) mortgage, pledge, hypothecate or otherwise encumber its interest in this Sublease or the Premises or any interest therein, or (iv) grant any concession, license or otherwise permit the Premises to be used or occupied by anyone other than Subtenant. Any assignment, sublease, mortgage, pledge, hypothecation or other encumbrance of or under this Sublease without such prior written consent shall be invalid and without force and effect.

Appears in 2 contracts

Samples: HTM Sublease Agreement, Sublease (Getty Images Inc)

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Assignment, Subletting and Encumbrances. A. Except as otherwise permitted by Article Seventeen of the Prime Lease, or hereinbelow in subparagraph D of this Article 13, without the prior written consent of Sublandlord (not to be unreasonably withheld, conditioned or delayed) and Prime Landlord, Subtenant shall not (i) assign this Sublease (by operation of law or otherwise), (ii) sublease all or any part of the Premises, (iii) mortgage, pledge, hypothecate or otherwise encumber its interest in this Sublease or the Premises or any interest therein, or (iv) grant any concession, license or otherwise permit the Premises to be used or occupied by anyone other than Subtenant. Any assignment, sublease, mortgage, pledge, hypothecation or other encumbrance of or under this Sublease without such prior written consent shall be invalid and without force and effect.

Appears in 1 contract

Samples: Agreement of Sublease (Getty Images Inc)

Assignment, Subletting and Encumbrances. A. Except as otherwise permitted by Article Seventeen of the Prime Lease, without Without the prior written consent of Sublandlord (not which may be withheld at Sublandlord's sole discretion and, to be unreasonably withheldthe extent required under the Prime Lease, conditioned or delayed) and the prior written consent of Prime Landlord, Subtenant shall not (i) assign this Sublease (by operation of law or otherwise), (ii) sublease all or any part of the PremisesPremises or Equipment, (iii) mortgage, pledge, hypothecate or otherwise encumber its interest in this Sublease or the Premises or Equipment or any interest therein, or (iv) grant any concession, license or otherwise permit the Premises or Equipment to be used or occupied by anyone other than Subtenant. Any assignment, sublease, mortgage, pledge, hypothecation or other encumbrance of or under this Sublease without such prior written consent shall be invalid and without force and effect.

Appears in 1 contract

Samples: Lease Agreement (Kindred Healthcare Inc)

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Assignment, Subletting and Encumbrances. A. Except as otherwise permitted by Article Seventeen of the Prime Lease, without the prior written consent of Sublandlord (not to be unreasonably withheld, conditioned or delayed) and Prime Landlord, Subtenant shall not (i) assign this Sublease (by operation of law or otherwise), (ii) sublease all or any part of the Premises, (iii) mortgage, pledge, hypothecate or otherwise encumber its interest in this Sublease or the Premises or any interest therein, or (iv) grant any concession, license or otherwise permit the Premises to be used or occupied by anyone other than Subtenant. Any assignment, sublease, mortgage, pledge, hypothecation or other encumbrance of or under this Sublease without such prior written consent shall be invalid and without force and effect.

Appears in 1 contract

Samples: Agreement of Sublease (Getty Images Inc)

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