Consent by Sublandlord. Whenever Sublandlord's consent or approval is required under this Sublease, such consent or approval may be withheld at Sublandlord's sole discretion, except as otherwise expressly provided in this Sublease.
Consent by Sublandlord. (a) Sublandlord shall not be required to consider a request for consent to a proposed sublease or assignment unless and until Sublandlord shall have received from Subtenant a written request for Sublandlord's consent to such proposed transfer in accordance with this Section (a "Consent Request"), specifying the conditions for the proposed transfer. Each Consent Request shall include (i) a conformed or photostatic copy of the proposed assignment or sublease, (ii) a statement setting forth in reasonable detail the identity of the proposed assignee or subtenant and the nature of its business, (iii) current financial information with respect to the proposed assignee or subtenant, including, without limitation, its most recent financial report, and (iv) Subtenant's calculation of the annualized rental equivalent or effective assignment price, as the case may be, for the proposed transfer. Provided that all of the foregoing conditions are satisfied, Sublandlord agrees to act reasonably (subject to the terms of Section 19.6(b)) in considering any such Consent Request. Sublandlord may condition any consent on the curing of any default then existing under this Sublease. If Sublandlord consents to a proposed transfer and it is not actually consummated within 60 days after such consent is given, then such consent shall be of no further force or effect, and Subtenant must submit a new Consent Request to Sublandlord.
Consent by Sublandlord. Except as specifically provided in this Article 27, Subtenant may not assign, sublet, hypothecate, encumber its leasehold interest, or allow a third party to use the Sublease Premises without the express written consent of Sublandlord, which consent shall not be unreasonably withheld or delayed. In the event Subtenant desires to assign this Sublease or any interest therein including, without limitation, a pledge, mortgage or other hypothecation, or sublet the Sublease Premises or any part thereof, Subtenant shall deliver to Sublandlord copies of any such proposed agreement and of all ancillary agreements with the proposed assignee or subtenant, financial statements, and any additional information as reasonably required by Sublandlord to determine whether it will consent to the proposed assignment or sublease. The notice shall give the name and current address of the proposed assignee/subtenant, proposed use of the Sublease Premises, rental rate and current financial statement (if available); and upon request to Subtenant, Sublandlord shall be given additional information as reasonably required by Sublandlord to determine whether it will consent to the proposed assignment or sublease. Sublandlord shall then have a period of ten (10) days following receipt of the foregoing agreement, statements and additional information within which to Sublandlord's prior consent shall not be required for (i) any sub-sublease of Subtenant's interest in the Sublease to Meridian Data, Inc. (in the event Quantum Corporation's planned acquisition of Meridian Data, Inc. does not take place); or (ii) any assignment, sublease or other transfer of Subtenant's interest in the Sublease Premises or the Sublease to any other corporation with which Subtenant may merge or consolidate or become affiliated as a parent, subsidiary, holding company or otherwise, or to an entity in which Subtenant has a controlling interest; provided that Subtenant will not be released from liability unless Sublandlord agrees to release Subtenant. However, Subtenant shall give Sublandlord prior notice of any such assignment, sublease or other transfer of Subtenant's interest. A subsequent public offering and sale of stock in Subtenant's business, or a transfer of any amount of Subtenant's stock shall not constitute an assignment of the Sublease.
