Common use of ASSIGNMENT, SUBLETTING AND MORTGAGING Clause in Contracts

ASSIGNMENT, SUBLETTING AND MORTGAGING. Tenant shall not assign this Lease or sublet the Leased Premises, in whole or in part, without Landlord's prior written consent. If consent to assign or sublease is obtained, no such assignment or sublease shall in any way release or relieve Tenant or Guarantor from any of its covenants or undertakings contained in this Lease Agreement, and in all cases under this paragraph, Tenant and Guarantor shall remain liable on this Lease during the original and all renewal terms. Tenant's request for consent to any subletting or assignment of this Lease shall be accompanied by a written statement setting forth the details of the proposed sublease or assignment and any other information Landlord deems relevant. Landlord shall have the right to (a) withhold consent, if reasonable; (b) grant consent; or; (c) terminate this Lease as of the effective date of such sublease or assignment, in which case Landlord may elect to enter into a direct lease with the proposed assignee or subtenant. Tenant shall be liable for reasonable fees incurred by the Landlord in connection with an assignment, subletting or mortgage of the Leased Premises.

ASSIGNMENT, SUBLETTING AND MORTGAGING. Tenant shall not assign this Lease voluntarily, involuntarily or sublet by operation of law assign, sublet, transfer, mortgage or otherwise encumber all or any part of the Leased Premises, Premises without first obtaining in whole or in part, without each and every instance Landlord's prior written consent, which consent shall not be unreasonably withheld. If any such assignment, sublease, transfer, mortgage or encumbrance is made with the consent of Landlord, Tenant shall nevertheless remain liable to Landlord for payment of all rent according to the terms hereof and for due performance of all the terms, covenants and conditions of this Lease. Tenant agrees to pay Landlord legal foes if necessary, for each assignment, sublease, transfer, mortgage or encumbrance Tenant presents for Landlord approval (not to exceed $500). Any transfer of this Lease by merger, consolidation or liquidation, or any change in ownership of, or power to vote the majority or Tenant's outstanding voting stock shall constitute an assignment for the purposes of this paragraph. If consent is once given by Landlord to assign or sublease is obtained, no any such assignment or sublease of subletting, such consent shall in any way release or relieve Tenant or Guarantor from any not operate as a waiver of its covenants or undertakings contained in this Lease Agreement, and in all cases under this paragraph, Tenant and Guarantor shall remain liable on this Lease during the original and all renewal terms. Tenantnecessity for obtaining Landlord's request for consent to any subletting or subsequent assignment of this Lease shall be accompanied by a written statement setting forth the details of the proposed sublease or assignment and any other information Landlord deems relevant. Landlord shall have the right to (a) withhold consent, if reasonable; (b) grant consent; or; (c) terminate this Lease as of the effective date of such sublease or assignment, in which case Landlord may elect to enter into a direct lease with the proposed assignee or subtenant. Tenant shall be liable for reasonable fees incurred by the Landlord in connection with an assignment, subletting or mortgage of the Leased Premisesorsubletting.