Common use of Exempt Sublets Clause in Contracts

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.