Exempt Sublets Sample Clauses

Exempt Sublets. Notwithstanding the above, Landlord’s prior written consent shall not be required for a Sublet to (i) an entity that controls, is controlled by, or is under common control with, Tenant, or (ii) an entity resulting from a merger with, consolidation or other corporate reorganization of Tenant, if Tenant gives Landlord prior written notice of the name of any such Subtenant and, in the event of an assignment, the assignee assumes, in writing, for the benefit of Landlord all of Tenant’s obligations under this Lease. An assignment or other transfer of this Lease to a purchaser of all or substantially all of the assets of Tenant shall be deemed a Sublet requiring Landlord’s prior written consent.
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Exempt Sublets. Notwithstanding the above, Landlord's prior -------------- written consent shall not be required for an assignment of this Lease to a subsidiary, affiliate or parent corporation of Tenant; a corporation into which Tenant merges or consolidates; or a purchaser of all or substantially all of the assets of Tenant provided that: (i) Tenant gives Landlord prior written notice of the name of any such assignee, (ii) the assignee assumes, in writing, for the benefit of Landlord all of Tenant's obligations under the Lease, and (iii) in the case of an assignment to a purchaser of Tenant's assets, as of the date of the transfer, the transferee has a tangible net worth (exclusive of good will) greater than or equal to ten (10) times the annual net Monthly Rent then payable under the Lease.
Exempt Sublets. Notwithstanding the provisions of Paragraph 24.1 to the contrary, Landlord’s prior written consent shall not be required for (and the provisions of Paragraphs 24.3, 24.6 and 24.7 shall not apply to) the following (“Permitted Transfers”): (i) a Sublet of the Lease or the Premises, or any part thereof, to any entity controlling, controlled by, under common control with, Tenant, (ii) Tenant’s assignment of this Lease to a purchaser or other transferee in connection with any sale by Tenant of all or substantially all of its assets or stock in a transaction or series of transactions, or to any other successor entity which may result by way of merger, consolidation, sale, or acquisition, or (iii) a Sublet to any entity with whom Tenant is undertaking or will undertake a joint venture or similar joint research and development, marketing, distribution, sales or development project at the Premises, provided that (x) for any Permitted Transfer Tenant gives Landlord prior (subject to any nondisclosure obligations that are binding upon Tenant) written notice of the name of the Subtenant and its contact information; (y) in the event of an assignment of this Lease the assignee assumes, in writing, all of Tenant’s obligations under the Lease, and (z) in the event of an assignment of this Lease to a purchaser or successor entity, the assignee has a tangible net worth that is equal to or greater than the tangible net worth of the Tenant immediately prior to such assignment.
Exempt Sublets. Notwithstanding the above, Lessor's prior written -------------- consent shall not be required for an assignment of this Lease or the sublet of the Premises to an entity which controls, is controlled by or under common control with, Lessee, or a corporation into which Lessee merges or consolidates, provided that (i) Lessee gives Lessor prior written notice of the name any such assignee, (ii) at the time of such assignment, the assignee has net worth that is equal to or greater than the net worth of Lessee immediately prior to such assignment; and (iii) the assignee assumes, in writing, for the benefit of Lessor, all of Lessee's obligations under the Lease. An assignment or other transfer of this Lease to a purchaser of all or substantially all of the assets of Lessee shall be deemed a Sublet requiring Lessor's prior written consent. Lessor's right to excess subrent shall not apply to a sublet described in this Section F. In addition, the sale of Lessee's shares over a public exchange shall not be deemed a sublet requiring Lessor's consent.
Exempt Sublets. Notwithstanding the above, Lessor's prior written consent shall not be required for an assignment of this Lease to a subsidiary, affiliate or parent corporation of Lessee, or a corporation into which Lessee merges or consolidates, if Lessee gives Lessor prior written notice of the name of any such assignee, and if the assignee assumes, in writing, for the benefit of Lessor all of Lessee's obligations under the Lease. An assignment or other transfer of this Lease to a purchaser of all or substantially all of the assets of Lessee shall be deemed a sublet requiring Lessor's prior written consent.
Exempt Sublets. Notwithstanding the above, Landlord's prior written consent shall not be required for a Sublet to a subsidiary, affiliate or parent corporation of Tenant, a corporation or partnership into which Tenant merges or consolidates, or a purchaser of all or substantially all of the assets of Tenant, provided that Tenant gives Landlord prior written notice of the name of any such Subtenant and, in the event of an assignment (i) the assignee has a net worth, at the time of such assignment, that is equal to or greater than the net worth of Tenant immediately prior to such assignment, and (ii) the assignee assumes, in writing, for the benefit of Landlord all of Tenant's obligations under the Lease.
Exempt Sublets. Notwithstanding the above, Lessor's prior written consent shall not be required for an assignment of this Lease to an entity which controls, is controlled by or under common control with, Lessee, or a corporation into which Lessee merges or consolidates, provided that (i) Lessee gives Lessor prior written notice of the name any such assignee, (ii) at the time of such assignment, the assignee has net worth that is equal to or greater than the net worth of Lessee immediately prior to such assignment; and (iii) the assignee assumes, in writing, for the benefit of Lessor, all of Lessee's obligations under the Lease. An assignment or other transfer of this Lease to a purchaser of all or substantially all of the assets of Lessee shall not be deemed a Sublet requiring Lessor's prior written consent.
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Exempt Sublets. Notwithstanding the other provisions of this Section, any reorganization, merger, sale, assignment, transfer or hypothecation of any ownership interest in Lessee, the sale of all or substantially all of the assets of Lessee, the sale of Lessee’s stock to an individual(s) or to the public or the assignment or sublease of the Premises, or any portion thereof, to any subsidiary, parent company or affiliate (collectively, “Permitted Transfers”) shall not be deemed an assignment of this Lease or subletting of the Premises, provided, that such transaction is not a subterfuge by Lessee to avoid its obligations under this Lease and, further, provided that if Lessee exists as an entity after such transaction, it shall remain liable to Lessor for its obligations under this Lease.
Exempt Sublets. Notwithstanding the above, Landlord's prior written consent shall not be required for an assignment of this Lease to a subsidiary, affiliate or parent corporation of Tenant; a corporation into which Tenant merges or consolidates; or a purchaser of all or substantially all of the assets for Tenant, if Tenant gives Landlord prior written notice of the name of any such assignee, and if the assignee assumes, in writing, for the benefit of Landlord all of Tenant's obligations under the Lease arising after the effective date of the transfer, and with respect to any assignment in connection with a sale of Tenant's assets, the assignee has a net worth, as of the effective date of the assignment, greater than or equal to the greater of the net worth of Tenant as of the date of this Lease or the net worth of Tenant immediately prior to the assignment, determined in accordance with generally accepted accounting principles.
Exempt Sublets. Notwithstanding the above, Landlord's prior -------------- written consent shall not be required for a Sublet of this Lease to (and Landlord shall not be entitled to payment of any excess Subrent in connection with such Sublet) a corporation controlling, controlled by or under common control with Tenant; a subsidiary or affiliate of Tenant; a successor to Tenant by merger, consolidation, nonbankruptcy reorganization or government action; or a purchaser of substantially all of Tenant's assets located at the Premises provided that (i) Tenant gives Landlord prior written notice of the name of any such assignee, (ii) at the time of such assignment, the assignee has a net worth that is equal to or greater than the net worth of Tenant immediately prior to such assignment; and (iii) the assignee assumes, in writing, for the benefit of Landlord all of Tenant's obligations under this Lease. For purposes of this Lease, any sale or transfer of Tenant's capital stock through any national market system or public exchange shall not be deemed a Sublet.
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