Common use of Continuing Obligation of Tenant Clause in Contracts

Continuing Obligation of Tenant. No transfer permitted by this Section 16 shall release Tenant or change Tenant’s primary liability to pay the rent and to perform all other obligations of Tenant under this Lease unless Landlord explicitly and in writing released Tenant of further liability and obligations. Landlord’s acceptance of rent from any other person is not a waiver of any provision of this Section. Consent to one transfer is not a consent to any subsequent transfer. If Tenant’s transferee defaults under this Lease, Landlord may proceed directly against Tenant without pursuing remedies against the transferee. Landlord may consent to subsequent assignments or modifications of this Lease by Tenant’s transferee, without notifying Tenant or obtaining its consent. Such action shall not relieve Tenant’s liability under this Lease.

Appears in 3 contracts

Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.), Commercial Ground Lease (Palace Entertainment Holdings, Inc.), Palace Entertainment Holdings, Inc.

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Continuing Obligation of Tenant. No transfer permitted by this Section 16 21 shall release Tenant or change Tenant’s primary liability to pay the rent Rent and to perform all other covenants and obligations of Tenant under this Lease unless Landlord explicitly and in writing released Tenant of further liability and obligationsLease. Landlord’s acceptance of rent Rent from any other person is not a waiver of any provision of this SectionSection 21. Consent to one transfer is not a consent to any subsequent transfer. If Tenant’s transferee defaults under this Lease, Landlord may proceed directly against Tenant without pursuing remedies against the transferee. Landlord may consent to subsequent assignments or modifications of this Lease by Tenant’s transferee, transferee without notifying Tenant or obtaining its Tenant’s consent. Such action shall not relieve Tenant’s liability under this Lease.

Appears in 2 contracts

Samples: Office Lease (Equillium, Inc.), Office Lease (Equillium, Inc.)

Continuing Obligation of Tenant. No transfer permitted by this Section 16 21 shall release Tenant or change Tenant’s primary liability to pay the rent Rent and to perform all other covenants and obligations of Tenant under this Lease unless Landlord explicitly and in writing released Tenant of further liability and obligationsLease. LandlordXxxxxxxx’s acceptance of rent Rent from any other person is not a waiver of any provision of this SectionSection 21. Consent to one transfer is not a consent to any subsequent transfer. If TenantXxxxxx’s transferee defaults under this Lease, Landlord may proceed directly against Tenant without pursuing remedies against the transferee. Landlord may consent to subsequent assignments or modifications of this Lease by TenantXxxxxx’s transferee, transferee without notifying Tenant or obtaining its Tenant’s consent. Such action shall not relieve Tenant’s liability under this Lease.

Appears in 2 contracts

Samples: Office Lease (GRI BIO, Inc.), Office Lease (Vallon Pharmaceuticals, Inc.)

Continuing Obligation of Tenant. No transfer permitted by this Section 16 shall release Tenant or change Tenant’s 's primary liability to pay the rent and to perform all other obligations of Tenant under this Lease unless Landlord explicitly and in writing released Tenant of further liability and obligationsLease. Landlord’s 's acceptance of rent from any other person is not a waiver of any provision of this Section. Consent to one transfer is not a consent to any subsequent transfer. If Tenant’s 's transferee defaults under this Lease, Landlord may proceed directly against Tenant without pursuing remedies against the transferee. Landlord may consent to subsequent assignments or modifications of this Lease by Tenant’s 's transferee, without notifying Tenant or obtaining its consent. Such action shall not relieve Tenant’s 's liability under this Lease.

Appears in 1 contract

Samples: Land and Building Lease Agreement (Ediets Com Inc)

Continuing Obligation of Tenant. No Unless released by Landlord in writing, no transfer permitted by this Section 16 17 shall release Tenant or change Tenant’s primary liability to pay the rent and to perform all other obligations of Tenant under this Lease unless Landlord explicitly and in writing released Tenant of further liability and obligationsLease. Landlord’s acceptance of rent from any other person is not a waiver of any provision of this SectionSection 17. Consent to one transfer is not a consent to any subsequent transfer. If Tenant’s transferee defaults under this Lease, Landlord may proceed directly against Tenant without pursuing remedies against the transferee. Landlord may consent to subsequent assignments or modifications of this Lease by Tenant’s transferee, without notifying Tenant or obtaining its consent. Such action shall not relieve Tenant’s liability under this Lease.

Appears in 1 contract

Samples: Genesis Corporate Centre Lease (Document Sciences Corp)

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Continuing Obligation of Tenant. No transfer transfer, subletting or assignment permitted by this Section 16 13 (including a transfer to an affiliate) shall release Tenant or change Tenant’s 's primary liability to pay the rent and to perform all other obligations of Tenant under this Lease unless Landlord explicitly and in writing released Tenant of further liability and obligationsLease. Landlord’s 's acceptance of rent from any other person is not a waiver of any provision of this Section. Consent to one transfer is not a consent to any subsequent transfer. If Tenant’s 's transferee defaults under this Lease, Landlord may proceed directly against Tenant without pursuing remedies against the transferee. Landlord may consent to subsequent assignments or modifications of this Lease by Tenant’s 's transferee, without notifying Tenant or obtaining its consent. Such action shall not relieve Tenant’s 's liability under this Lease.

Appears in 1 contract

Samples: Land and Building Lease Agreement (Intricon Corp)

Continuing Obligation of Tenant. No transfer permitted by this Section 16 shall release Tenant or change Tenant’s primary liability to pay the rent and to perform all other obligations of Tenant under this Lease unless Landlord explicitly and in writing released Tenant of further liability and obligationsLease. Landlord’s acceptance of rent from any other person is not a waiver of any provision of this Section. Consent to one transfer is not a consent to any subsequent transfer. If Tenant’s transferee defaults under this Lease, Landlord may proceed directly against Tenant without pursuing remedies against the transferee. Landlord may consent to subsequent assignments or modifications of this Lease by Tenant’s transferee, without notifying Tenant or obtaining its consent. Such action shall not relieve Tenant’s liability under this Lease.

Appears in 1 contract

Samples: Palace Entertainment Holdings, Inc.

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