Common use of ASSIGNMENT, SUBLETTING, ETC Clause in Contracts

ASSIGNMENT, SUBLETTING, ETC. Tenant shall have absolute and unrestricted right to assign, transfer, encumber, mortgage or pledge this Lease in whole or in part all or any part of the Leased Premises, so long as each such assignment or transfer shall be for a Permitted Use and shall be expressly subject to and subordinate to the terms, provisions and conditions of this Lease. Tenant shall have the right with Landlord's consent, such consent not to be unreasonably withheld, ▇▇ ▇▇▇er into subleases, for all or any portion of the Leased Premises on terms and conditions to be negotiated by the Tenant above, so long as each such sublease shall be for a Permitted Use and shall be expressly subject to and subordinate to the terms, provisions and conditions of this Lease. However, in no case shall the Tenant be relieved of any liability under this Lease by virtue of any assignment, transfer, encumbrance, mortgage, pledge or sublease.

Appears in 1 contract

Sources: Lease Agreement (Enterprise Bancorp Inc /Ma/)

ASSIGNMENT, SUBLETTING, ETC. Tenant shall have absolute and unrestricted right to assign, transfer, encumber, mortgage or pledge this Lease in whole or in part all or any part of the Leased Premises, so long as each such assignment or transfer shall be for a Permitted Use and shall be expressly subject to and subordinate to the terms, provisions and conditions of this Lease. Tenant shall have the right with Landlord's consent, such consent not to be unreasonably withheldwithheld or delayed, ▇▇ ▇▇▇er to enter into subleases, for all or any portion of the Leased Premises on terms and conditions to be negotiated by the Tenant above, so long as each such sublease shall be for a Permitted Use and shall be expressly subject to and subordinate to the terms, provisions and conditions of this Lease. However, in no case shall the Tenant be relieved of any liability under this Lease by virtue of any assignment, transfer, encumbrance, mortgage, pledge or sublease.

Appears in 1 contract

Sources: Lease (Enterprise Bancorp Inc /Ma/)