Conversion to a Limited Liability Entity. Notwithstanding anything contained herein to the contrary, if Tenant is a limited or general partnership (or is comprised of two (2) or more persons, individually or as co-partners, or entities), the change or conversion of Tenant to (a) a limited liability company, (b) a limited liability partnership, or (c) any other entity which possesses the characteristics of limited liability (any such limited liability entity is collectively referred to herein as a “Successor Entity”) shall be prohibited unless the prior written consent of Landlord is obtained, which consent may be withheld in Landlord’s sole discretion.
Appears in 2 contracts
Samples: Loan and Security Agreement (Hudson Pacific Properties, Inc.), Lease (Integrated Alarm Services Group Inc)
Conversion to a Limited Liability Entity. Notwithstanding anything contained herein to the contrary, if Tenant is a limited or general partnership (or is comprised of two (2) or more persons, individually or as co-partners, or entities), the change or conversion of Tenant to (a) a limited liability company, (b) a limited liability partnership, or (c) any other entity which possesses the characteristics of limited liability (any such limited liability entity is collectively referred to herein as a “Successor Entity”) shall be prohibited unless the prior written consent of Landlord is obtained, which consent may not be withheld in Landlord’s sole discretionunreasonably, withheld, conditioned or delayed.
Appears in 1 contract
Samples: Lease (Optelecom-Nkf, Inc.)
Conversion to a Limited Liability Entity. Notwithstanding anything contained herein to the contrary, if Tenant is a limited or general partnership (or is comprised of two (2) or more persons, individually or as co-partners, or entities), the change or conversion of Tenant to (a) a limited liability company, (b) a limited liability partnership, or (c) any other entity which possesses the characteristics of limited liability (any such limited liability entity is collectively referred to herein as a “"Successor Entity”") shall be prohibited unless the prior written consent of Landlord is obtained, which consent may be withheld in Landlord’s 's sole discretion.
Appears in 1 contract
Samples: Lease (Sonus Networks Inc)
Conversion to a Limited Liability Entity. Notwithstanding anything contained herein therein to the contrary, if Tenant is a limited or general partnership (or is comprised of two (2) or more persons, individually or as co-partners, or entities), the change or conversion of Tenant to (a) a limited liability company, (b) a limited liability partnership, or (c) any other entity which possesses the characteristics of limited liability (any such limited liability entity is collectively referred to herein as a “"Successor Entity”") shall be prohibited unless the prior written consent of Landlord is obtained, which consent may be withheld in Landlord’s 's sole discretion.
Appears in 1 contract
Samples: Lease (Nve Corp /New/)