Common use of LESSEE'S ASSIGNMENT Clause in Contracts

LESSEE'S ASSIGNMENT. Lessee shall not assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer (each a “Transfer”) all or any part of its interest in this Agreement or the Property, without, in each case, Owner’s prior written consent, and such consent shall not be unreasonably withheld. The transfer by the parties who as of the Effective Date hold or own a controlling interest in Lessee, whether in a single transaction or in a series of transactions, shall constitute an assignment for purposes of this Section. Any Transfer of this Agreement which is prohibited under this Section shall be deemed void and shall constitute a material default under the terms of this Agreement.

LESSEE'S ASSIGNMENT. Lessee shall not assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer (each a “"Transfer”") all or any part of its interest in this Agreement or the Property, without, in each case, Owner’s 's prior written consent, and such consent which shall not be unreasonably withheld. The transfer by withheld unreasonably, subject to the parties who as terms of the Effective Date hold or own a controlling interest in Lessee, whether in a single transaction or in a series of transactions, shall constitute an assignment for purposes of this SectionUnderlying Agreements. Any Transfer of this Agreement which is prohibited under this Section shall be deemed void and shall constitute a material default under the terms of this Agreement. Owner's consent to an assignment shall not waive the terms of this Section in respect of any subsequently proposed assignment, nor shall it release Lessee of its obligations under this Agreement.

LESSEE'S ASSIGNMENT. Lessee shall not assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer (each a “Transfer”) all or any part of its interest in this Agreement or the PropertyProperty save and except for a Transfer to its corporate parent or any subsidiary or affiliate thereof, without, in each case, Owner’s prior written consent, and such consent shall not be unreasonably withheld. The transfer by the parties who as of the Effective Date hold or own a controlling interest in Lessee, whether in a single transaction or in a series of transactions, shall constitute an assignment for purposes of this Section. Any Transfer of this Agreement which is prohibited under this Section shall be deemed void and shall constitute a material default under the terms of this Agreement.