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The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose.\n(c) The involvement of Lessee or its assets in any transaction, or series of transactions (by way of merger, sale, acquisition, financing, refinancing, transfer, leveraged buy-out or otherwise), whether or not a formal assignment or hypothecation of this Lease or Lessee's assets occurs, which results or will result in a reduction of the Net Worth of Lessee, as hereinafter defined, by an amount equal to or greater than twenty-five percent (25%) of such Net Worth of Lessee as it was represented to Lessor at the time of full execution and delivery of this Lease or at the time of the most recent assignment to which Lessor has consented, or as it exists immediately prior to said transaction or transactions constituting such reduction, at whichever time said Net Worth of Lessee was or is greater, shall be considered an assignment of this Lease by Lessee to which Lessor may reasonably withhold its consent. \"NET WORTH OF LESSEE\" for purposes of this Lease shall be the net worth of Lessee (excluding any Guarantors) established under generally accepted accounting principles consistently applied.", "samples": [{"hash": "lOD0ofCqx9C", "uri": "/contracts/lOD0ofCqx9C#lessors-consent-required", "label": "Lease Agreement (Carpenter W R North America Inc)", "score": 18.0, "published": true}, {"hash": "lLwPZKID8Mz", "uri": "/contracts/lLwPZKID8Mz#lessors-consent-required", "label": "Lease Agreement (Air Packaging Technologies Inc)", "score": 18.0, "published": true}, {"hash": "khAnaXfat7j", "uri": "/contracts/khAnaXfat7j#lessors-consent-required", "label": "Lease Agreement (Tekgraf Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [4, 16]}, {"key": "by-operation-of-law", "type": "definition", "offset": [36, 55]}, {"key": "in-this-lease", "type": "clause", "offset": [189, 202]}, {"key": "the-premises", "type": "clause", "offset": [209, 221]}, {"key": "without-lessor", "type": "definition", "offset": [222, 236]}, {"key": "prior-written-consent", "type": "clause", "offset": [239, 260]}, {"key": "terms-of", "type": "definition", "offset": [292, 300]}, {"key": "control-of", "type": "definition", "offset": [335, 345]}, {"key": "an-assignment", "type": "definition", "offset": [370, 383]}, {"key": "the-transfer", "type": "clause", "offset": [412, 424]}, {"key": "cumulative-basis", "type": "definition", "offset": [431, 447]}, {"key": "five-percent", "type": "clause", "offset": [459, 471]}, {"key": "voting-control", "type": "definition", "offset": [493, 507]}, {"key": "a-change-in-control", "type": "definition", "offset": [535, 554]}, {"key": "a-formal", "type": "clause", "offset": [783, 791]}, {"key": "assignment-or", "type": "clause", "offset": [792, 805]}, {"key": "reduction-of", "type": "clause", "offset": [895, 907]}, {"key": "net-worth-of-lessee", "type": "definition", "offset": [912, 931]}, {"key": "equal-to", "type": "definition", "offset": [970, 978]}, {"key": "to-lessor", "type": "definition", "offset": [1071, 1080]}, {"key": "at-the-time", "type": "definition", "offset": [1081, 1092]}, {"key": "delivery-of", "type": "clause", "offset": [1115, 1126]}, {"key": "time-of-the", "type": "clause", "offset": [1148, 1159]}, {"key": "most-recent", "type": "definition", "offset": [1160, 1171]}, {"key": "assignment-to", "type": "clause", "offset": [1172, 1185]}, {"key": "prior-to", "type": "definition", "offset": [1242, 1250]}, {"key": "transaction-or-transactions", "type": "definition", "offset": [1256, 1283]}, {"key": "assignment-of", "type": "definition", "offset": [1398, 1411]}, {"key": "by-lessee", "type": "clause", "offset": [1423, 1432]}, {"key": "for-purposes-of-this", "type": "clause", "offset": [1508, 1528]}, {"key": "accounting-principles-consistently-applied", "type": "definition", "offset": [1632, 1674]}], "size": 226, "hash": "9a33b13c912f9724d67e6f9317d0f738", "id": 1}, {"snippet": "Lessee shall not voluntarily or by operation of law assign, transfer, mortgage, sublet, or otherwise transfer or encumber all or any part of Lessee's interest in this Lease or in the Premises, without Lessor's prior written consent, which Lessor shall not unreasonably withhold. Lessor shall respond to Lessee's request for consent hereunder in a timely manner and any attempted assignment, transfer, mortgage, encumbrance or subletting without such consent shall be void, and shall constitute a breach of this Lease.", "samples": [{"hash": "lKulWElfy2k", "uri": "/contracts/lKulWElfy2k#lessors-consent-required", "label": "Standard Industrial Lease (Primex Technologies Inc)", "score": 18.0, "published": true}, {"hash": "l5Hz1XZS5xc", "uri": "/contracts/l5Hz1XZS5xc#lessors-consent-required", "label": "Standard Industrial Lease (Transgenomic Inc)", "score": 18.0, "published": true}, {"hash": "kqWoGKc4ddL", "uri": "/contracts/kqWoGKc4ddL#lessors-consent-required", "label": "Standard Industrial Lease (Entech Environmental Technologies Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [0, 12]}, {"key": "by-operation-of-law", "type": "definition", "offset": [32, 51]}, {"key": "of-lessee", "type": "clause", "offset": [138, 147]}, {"key": "in-this-lease", "type": "clause", "offset": [159, 172]}, {"key": "the-premises", "type": "clause", "offset": [179, 191]}, {"key": "without-lessor", "type": "definition", "offset": [193, 207]}, {"key": "prior-written-consent", "type": "clause", "offset": [210, 231]}, {"key": "to-lessee", "type": "clause", "offset": [300, 309]}, {"key": "request-for-consent", "type": "clause", "offset": [312, 331]}, {"key": "in-a-timely-manner", "type": "definition", "offset": [342, 360]}, {"key": "breach-of-this", "type": "clause", "offset": [496, 510]}], "size": 124, "hash": "897a477e902a5da659ed569f252fa5c8", "id": 2}, {"snippet": "Lessee shall not voluntarily or by operation of law assign, transfer, mortgage, sublet, or otherwise transfer or encumber all or any part of Lessee's interest in the Lease or in the Premises, without Lessor's prior written consent, which Lessor shall not unreasonably withhold. Lessor shall respond to Lessee's request for consent hereunder in a timely manner and any attempted assignment, transfer, mortgage, encumbrance or subletting without such consent shall be void, and shall constitute a material default and breach of this Lease without the need for notice to Lessee under paragraph 13.1. \"Transfer\" within the meaning of this paragraph 12 shall include the transfer or transfers aggregating: (a) if Lessee is a corporation, more than twenty-five percent (25%) of the voting stock of such corporation, or (b) if Lessee is a partnership, more than twenty-five percent (25%) of the profit and loss participation in such partnership.", "samples": [{"hash": "eZWRuHSblS3", "uri": "/contracts/eZWRuHSblS3#lessors-consent-required", "label": "Standard Office Lease (Scheid Vineyards Inc)", "score": 19.0, "published": true}, {"hash": "jqXaFifVPQL", "uri": "/contracts/jqXaFifVPQL#lessors-consent-required", "label": "Office Lease (Mission Community Bancorp)", "score": 18.0, "published": true}, {"hash": "jP5L5wUAZbL", "uri": "/contracts/jP5L5wUAZbL#lessors-consent-required", "label": "Standard Office Lease (Icx Electronics Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [0, 12]}, {"key": "by-operation-of-law", "type": "definition", "offset": [32, 51]}, {"key": "of-lessee", "type": "clause", "offset": [138, 147]}, {"key": "the-lease", "type": "clause", "offset": [162, 171]}, {"key": "the-premises", "type": "clause", "offset": [178, 190]}, {"key": "without-lessor", "type": "definition", "offset": [192, 206]}, {"key": "prior-written-consent", "type": "clause", "offset": [209, 230]}, {"key": "respond-to", "type": "definition", "offset": [291, 301]}, {"key": "request-for-consent", "type": "clause", "offset": [311, 330]}, {"key": "in-a-timely-manner", "type": "definition", "offset": [341, 359]}, {"key": "breach-of-this", "type": "clause", "offset": [516, 530]}, {"key": "notice-to-lessee", "type": "clause", "offset": [558, 574]}, {"key": "meaning-of", "type": "clause", "offset": [619, 629]}, {"key": "paragraph-12", "type": "definition", "offset": [635, 647]}, {"key": "the-transfer", "type": "clause", "offset": [662, 674]}, {"key": "a-corporation", "type": "clause", "offset": [718, 731]}, {"key": "five-percent", "type": "clause", "offset": [750, 762]}, {"key": "voting-stock", "type": "definition", "offset": [776, 788]}, {"key": "profit-and-loss", "type": "clause", "offset": [888, 903]}], "size": 60, "hash": "10929aa235884ff34c484c9cbf2957b1", "id": 4}, {"snippet": "(a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or encumber (collectively, \"ASSIGN OR ASSIGNMENT\") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent.\n(b) A change in the control of Lessee shall constitute an assignment requiring consent. The transfer, on a cumulative basis, of twenty-five percent (25%) or more of the voting control of Lessee shall constitute a change in control for this purpose.\n(c) The involvement of Lessee or its assets in any transaction, or series of transactions (by way of merger, sale, acquisition, financing, transfer, leveraged buy-out or otherwise), whether or not a formal assignment or hypothecation of this Lease or Lessee's assets occurs, which results or will result in a reduction of the Net Worth of Lessee by an amount greater than twenty-five percent (25%) of such Net Worth as it was represented at the time of the execution of this Lease or at the time of the most recent assignment to which Lessor has consented, or as it exists immediately prior to said transaction or transactions constituting such reduction, whichever was or is greater, shall be considered an assignment of this Lease to which Lessor may withhold its consent. \"NET WORTH OF LESSEE\" shall mean the net worth of Lessee (excluding any guarantors) established under generally accepted accounting principles.", "samples": [{"hash": "fhd5tv5Yk2Y", "uri": "/contracts/fhd5tv5Yk2Y#lessors-consent-required", "label": "Standard Industrial/Commercial Single Tenant Lease   Net (Eco Soil Systems Inc)", "score": 18.0, "published": true}, {"hash": "cYfguCcYnMn", "uri": "/contracts/cYfguCcYnMn#lessors-consent-required", "label": "Lease Agreement (I O Magic Corp)", "score": 18.0, "published": true}, {"hash": "cOF4eds0FVM", "uri": "/contracts/cOF4eds0FVM#lessors-consent-required", "label": "Standard Industrial/Commercial Single Tenant Lease (Telocity Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [4, 16]}, {"key": "by-operation-of-law", "type": "definition", "offset": [36, 55]}, {"key": "in-this-lease", "type": "clause", "offset": [181, 194]}, {"key": "the-premises", "type": "clause", "offset": [201, 213]}, {"key": "without-lessor", "type": "definition", "offset": [214, 228]}, {"key": "prior-written-consent", "type": "clause", "offset": [231, 252]}, {"key": "control-of", "type": "definition", "offset": [274, 284]}, {"key": "an-assignment", "type": "definition", "offset": [309, 322]}, {"key": "the-transfer", "type": "clause", "offset": [342, 354]}, {"key": "cumulative-basis", "type": "definition", "offset": [361, 377]}, {"key": "five-percent", "type": "clause", "offset": [389, 401]}, {"key": "voting-control", "type": "definition", "offset": [423, 437]}, {"key": "a-change-in-control", "type": "definition", "offset": [465, 484]}, {"key": "a-formal", "type": "clause", "offset": [700, 708]}, {"key": "assignment-or", "type": "clause", "offset": [709, 722]}, {"key": "reduction-of", "type": "clause", "offset": [812, 824]}, {"key": "net-worth-of-lessee", "type": "definition", "offset": [829, 848]}, {"key": "the-execution", "type": "clause", "offset": [956, 969]}, {"key": "most-recent", "type": "definition", "offset": [1006, 1017]}, {"key": "assignment-to", "type": "clause", "offset": [1018, 1031]}, {"key": "prior-to", "type": "definition", "offset": [1088, 1096]}, {"key": "transaction-or-transactions", "type": "definition", "offset": [1102, 1129]}, {"key": "assignment-of", "type": "definition", "offset": [1211, 1224]}, {"key": "generally-accepted-accounting-principles", "type": "definition", "offset": [1380, 1420]}], "size": 65, "hash": "58059e0e9483ae5c072aacb08ac358b1", "id": 3}, {"snippet": "Lessee shall not voluntarily or by operation of law assign, transfer, mortgage, sublet, or otherwise transfer or encumber all or any part of Lessee's interest in the Lease or in the Premises, without Lessor's prior written consent, which Lessor shall not unreasonably withhold. Lessor shall respond to Lessee's request for consent hereunder in a timely manner and any attempted assignment, transfer, mortgage, encumbrance or subletting without such consent shall be void, and shall constitute a breach of this Lease without the need for notice to Lessee under paragraph 13.1.", "samples": [{"hash": "lru6PA1AW9W", "uri": "/contracts/lru6PA1AW9W#lessors-consent-required", "label": "Standard Industrial Lease (Biosite Diagnostics Inc)", "score": 18.0, "published": true}, {"hash": "jb9Mo2OH0sG", "uri": "/contracts/jb9Mo2OH0sG#lessors-consent-required", "label": "Standard Industrial Lease (Eltrax Systems Inc)", "score": 18.0, "published": true}, {"hash": "j5MvOPsoSdu", "uri": "/contracts/j5MvOPsoSdu#lessors-consent-required", "label": "Standard Industrial Lease (T Netix Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [0, 12]}, {"key": "by-operation-of-law", "type": "definition", "offset": [32, 51]}, {"key": "of-lessee", "type": "clause", "offset": [138, 147]}, {"key": "the-lease", "type": "clause", "offset": [162, 171]}, {"key": "the-premises", "type": "clause", "offset": [178, 190]}, {"key": "without-lessor", "type": "definition", "offset": [192, 206]}, {"key": "prior-written-consent", "type": "clause", "offset": [209, 230]}, {"key": "respond-to", "type": "definition", "offset": [291, 301]}, {"key": "request-for-consent", "type": "clause", "offset": [311, 330]}, {"key": "in-a-timely-manner", "type": "definition", "offset": [341, 359]}, {"key": "breach-of-this", "type": "clause", "offset": [495, 509]}, {"key": "notice-to-lessee", "type": "clause", "offset": [537, 553]}], "size": 41, "hash": "72dcf52d11f61c65a7c59a07c71cbb19", "id": 6}, {"snippet": "(a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, \"assign\") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36.", "samples": [{"hash": "ju8ZB9QB1YK", "uri": "/contracts/ju8ZB9QB1YK#lessors-consent-required", "label": "Lease Agreement (Medibuy Com Inc)", "score": 18.0, "published": true}, {"hash": "hN8Lr7uYPno", "uri": "/contracts/hN8Lr7uYPno#lessors-consent-required", "label": "Lease Agreement (K Swiss Inc)", "score": 18.0, "published": true}, {"hash": "fqhuQtfN5Mp", "uri": "/contracts/fqhuQtfN5Mp#lessors-consent-required", "label": "Lease Agreement (Liquid Audio Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [4, 16]}, {"key": "by-operation-of-law", "type": "definition", "offset": [36, 55]}, {"key": "of-lessee", "type": "clause", "offset": [168, 177]}, {"key": "in-this-lease", "type": "clause", "offset": [189, 202]}, {"key": "the-premises", "type": "clause", "offset": [209, 221]}, {"key": "without-lessor", "type": "definition", "offset": [222, 236]}, {"key": "prior-written-consent", "type": "clause", "offset": [239, 260]}, {"key": "terms-of", "type": "definition", "offset": [292, 300]}], "size": 41, "hash": "d66e98fd221d57830f3822e2b2fffaef", "id": 7}, {"snippet": "(a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or encumber (collectively, \"assign or assignment\") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent.\n(b) Unless Lessee is a corporation and its stock is publicly traded on a national stock exchange, a change in the control of Lessee shall constitute an assignment requiring consent. The transfer, on a cumulative basis, of 25% or more of the voting control of Lessee shall constitute a change in control for this purpose.\n(c) The involvement of Lessee or its assets in any transaction, or series of transactions (by way of merger, sale, acquisition, financing, transfer, leveraged buy-out or otherwise), whether or not a formal assignment or hypothecation of this Lease or Lessee's assets occurs, which results or will result in a reduction of the Net Worth of Lessee by an amount greater than 25% of such Net Worth as it was represented at the time of the execution of this Lease or at the time of the most recent assignment to which Lessor has consented, or as it exists immediately prior to said transaction or transactions constituting such reduction, whichever was or is greater, shall be considered an assignment of this Lease to which Lessor may withhold its consent. \"Net Worth of Lessee\" shall mean the net worth of Lessee (excluding any guarantors) established under generally accepted accounting principles.", "samples": [{"hash": "j0YyEuRMwDy", "uri": "/contracts/j0YyEuRMwDy#lessors-consent-required", "label": "Lease Agreement (Liquidmetal Technologies Inc)", "score": 29.0752906799, "published": true}, {"hash": "4HF1mfqk7Ph", "uri": "/contracts/4HF1mfqk7Ph#lessors-consent-required", "label": "Lease Agreement", "score": 24.7891845703, "published": true}, {"hash": "j6x9z2CckWy", "uri": "/contracts/j6x9z2CckWy#lessors-consent-required", "label": "Standard Industrial/Commercial Multi Tenant Lease   Gross", "score": 23.1560573578, "published": true}], "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [4, 16]}, {"key": "by-operation-of-law", "type": "definition", "offset": [36, 55]}, {"key": "in-this-lease", "type": "clause", "offset": [181, 194]}, {"key": "the-premises", "type": "clause", "offset": [201, 213]}, {"key": "without-lessor", "type": "definition", "offset": [214, 228]}, {"key": "prior-written-consent", "type": "clause", "offset": [231, 252]}, {"key": "a-corporation", "type": "clause", "offset": [275, 288]}, {"key": "publicly-traded", "type": "clause", "offset": [306, 321]}, {"key": "national-stock-exchange", "type": "definition", "offset": [327, 350]}, {"key": "control-of", "type": "definition", "offset": [368, 378]}, {"key": "an-assignment", "type": "definition", "offset": [403, 416]}, {"key": "the-transfer", "type": "clause", "offset": [436, 448]}, {"key": "cumulative-basis", "type": "definition", "offset": [455, 471]}, {"key": "voting-control", "type": "definition", "offset": [495, 509]}, {"key": "a-change-in-control", "type": "definition", "offset": [537, 556]}, {"key": "a-formal", "type": "clause", "offset": [772, 780]}, {"key": "assignment-or", "type": "clause", "offset": [781, 794]}, {"key": "reduction-of", "type": "clause", "offset": [884, 896]}, {"key": "net-worth-of-lessee", "type": "definition", "offset": [901, 920]}, {"key": "the-execution", "type": "clause", "offset": [1006, 1019]}, {"key": "most-recent", "type": "definition", "offset": [1056, 1067]}, {"key": "assignment-to", "type": "clause", "offset": [1068, 1081]}, {"key": "prior-to", "type": "definition", "offset": [1138, 1146]}, {"key": "transaction-or-transactions", "type": "definition", "offset": [1152, 1179]}, {"key": "assignment-of", "type": "definition", "offset": [1261, 1274]}, {"key": "generally-accepted-accounting-principles", "type": "definition", "offset": [1430, 1470]}], "size": 55, "hash": "2ab2d307c7aca650138339a1da1ef846", "id": 5}, {"snippet": "(a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, \"assign\") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36.\n(b) Except for a Permitted Transfer (as defined below) a change in the control of the Lessee shall constitute an assignment requiring Lessor's consent. *INSERT 12.1(b).\n(c) The involvement of Lessee or its assets in any transaction, or series of transactions (by way of merger, sale, acquisition, financing, refinancing, transfer, leveraged buy-out or otherwise), whether or not a formal assignment or hypothecation of this Lease or Lessee's assets occurs, which results or will result in a reduction of the Net Worth of Lessee, as hereinafter defined, by an amount equal to or greater than twenty-five percent (25%) of such Net Worth of Lessee as it was represented to Lessor at the time of full execution and delivery of this Lease or at the time of the most recent assignment to which Lessor has consented, or as it exists immediately prior to said transaction or transactions constituting such reduction, at whichever time said Net Worth of Lessee was or is greater, shall be considered an assignment of this Lease by Lessee to which Lessor may reasonably withhold its consent \"Net Worth of Lessee\" for purposes of this Lease shall be the net worth of Lessee (excluding any Guarantors) established under generally accepted accounting principles consistently applied.\n(d) Except for a Permitted Transfer an assignment or subletting of Lessee's interest in this Lease without Lessor's specific prior written consent shall, at Lessor's option, be a Default curable after notice per Paragraph 13.1, or a non-curable Breach without the necessity of any notice and grace period. If Lessor elects to treat such unconsented to assignment or subletting as a non-curable Breach, Lessor shall have the right to either: (i) terminate this Lease, or (ii) upon thirty (30) days' written notice (\"Lessor's Notice\"), increase the monthly Base Rent for the Premises to the greater of the then fair market rental value of the Premises, as reasonably determined by Lessor, or one hundred ten percent (110%) of the Base Rent then in effect. Pending determination of the new fair market rental value, if disputed by Lessee, Lessee shall pay the amount set forth in Lessor's Notice, with any overpayment credited against the next installment(s) of Base Rent coming due, and any underpayment for the period retroactively to the effective date of the adjustment being due and payable immediately upon the determination thereof. Further, in the event of such Breach and rental adjustment (i) the purchase price of any option to purchase the Premises held by Lessee shall be subject to similar adjustment to the then fair market value as reasonably determined by Lessor (without the Lease being considered an encumbrance or any deduction for depreciation or obsolescence, and considering the Premises at its highest and best use and in good condition) or one hundred ten percent (110%) of the price previously in effect, (ii) any index-oriented rental or price adjustment formulas contained in this Lease shall be adjusted to require that the base index be determined with reference to the index applicable to the time of such adjustment, and (iii) any fixed rental adjustments scheduled during the remainder of the Lease term shall be increased in the same ratio as the new rental bears to the Base Rent in effect immediately prior to the adjustment specified in Lessor's Notice.\n(e) Lessee's remedy for any breach of this Paragraph 12.1 by Lessor shall be limited to compensatory damages and/or injunctive relief.", "samples": [{"hash": "YiDfc4nJOP", "uri": "/contracts/YiDfc4nJOP#lessors-consent-required", "label": "Standard Industrial/Commercial Multi Tenant Lease (Nuvasive Inc)", "score": 19.0, "published": true}], "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [4, 16]}, {"key": "by-operation-of-law", "type": "definition", "offset": [36, 55]}, {"key": "in-this-lease", "type": "clause", "offset": [189, 202]}, {"key": "without-lessor", "type": "definition", "offset": [222, 236]}, {"key": "prior-written-consent", "type": "clause", "offset": [239, 260]}, {"key": "terms-of", "type": "definition", "offset": [292, 300]}, {"key": "permitted-transfer", "type": "definition", "offset": [332, 350]}, {"key": "the-lessee", "type": "clause", "offset": [397, 407]}, {"key": "an-assignment", "type": "definition", "offset": [425, 438]}, {"key": "a-formal", "type": "clause", "offset": [694, 702]}, {"key": "reduction-of", "type": "clause", "offset": [806, 818]}, {"key": "net-worth-of-lessee", "type": "definition", "offset": [823, 842]}, {"key": "equal-to", "type": "definition", "offset": [881, 889]}, {"key": "five-percent", "type": "clause", "offset": [913, 925]}, {"key": "to-lessor", "type": "definition", "offset": [982, 991]}, {"key": "at-the-time", "type": "definition", "offset": [992, 1003]}, {"key": "delivery-of", "type": "clause", "offset": [1026, 1037]}, {"key": "time-of-the", "type": "clause", "offset": [1059, 1070]}, {"key": "most-recent", "type": "definition", "offset": [1071, 1082]}, {"key": "assignment-to", "type": "clause", "offset": [1083, 1096]}, {"key": "transaction-or-transactions", "type": "definition", "offset": [1167, 1194]}, {"key": "assignment-of", "type": "definition", "offset": [1309, 1322]}, {"key": "by-lessee", "type": "clause", "offset": [1334, 1343]}, {"key": "for-purposes-of-this", "type": "clause", "offset": [1418, 1438]}, {"key": "accounting-principles-consistently-applied", "type": "definition", "offset": [1542, 1584]}, {"key": "assignment-or-subletting", "type": "clause", "offset": [1625, 1649]}, {"key": "a-default", "type": "definition", "offset": [1763, 1772]}, {"key": "after-notice", "type": "definition", "offset": [1781, 1793]}, {"key": "a-non", "type": "clause", "offset": [1817, 1822]}, {"key": "curable-breach", "type": "clause", "offset": [1823, 1837]}, {"key": "any-notice", "type": "definition", "offset": [1863, 1873]}, {"key": "grace-period", "type": "clause", "offset": [1878, 1890]}, {"key": "right-to", "type": "definition", "offset": [2010, 2018]}, {"key": "terminate-this-lease", "type": "clause", "offset": [2031, 2051]}, {"key": "upon-thirty", "type": "clause", "offset": [2061, 2072]}, {"key": "written-notice", "type": "definition", "offset": [2084, 2098]}, {"key": "base-rent-for-the-premises", "type": "clause", "offset": [2141, 2167]}, {"key": "fair-market-rental-value-of-the-premises", "type": 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"offset": [3762, 3782]}, {"key": "injunctive-relief", "type": "clause", "offset": [3790, 3807]}], "size": 41, "hash": "7fa2cb6c858d182f6b7018982b3c8a9c", "id": 8}, {"snippet": "(a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or otherwise transfer or encumber (collectively, \"assign\") or sublet all or any part of Lessee's interest in this Lease or in the Premises without Lessor's prior written consent given under and subject to the terms of Paragraph 36.\n(b) A change in the control of Lessee shall constitute an assignment requiring Lessor's consent. The transfer, on a cumulative basis of fifty percent (50%) or more of the voting control of Lessee shall constitute a change in control for this purpose.\n(c) N/A\n(d) An assignment or subletting of Lessee's interest in this Lease without Lessor's specific prior written consent shall, at Lessor's option, be a Default curable after notice per Paragraph 13.1, or a non-curable Breach without the necessity of any notice and grace period. If Lessor elects to treat such unconsented to assignment or subletting as a non-curable Breach, Lessor shall have the right to either (i) terminate this Lease, or (ii) upon thirty (30) days' written notice (\"LESSOR'S NOTICE\"), increase the monthly Base Rent for the Premises to the greater of the then fair market rental value of the Premises, as reasonably determined by Lessor, or one hundred ten percent (110%) of the Base Rent then in effect. Pending determination of the new fair market rental value, if disputed by Lessee, Lessee shall pay the amount set forth in Lessor's Notice, with an overpayment credited against the next installment(s) of Base Rent coming due, and any underpayment for the period retroactively to the effective date of the adjustment being due and payable immediately upon the determination thereof. Further, in the event of such Breach and rental adjustment, (i) the purchase price of any option to purchase the Premises held by Lessee shall be subject to similar adjustment to the then fair market value as reasonably determined by Lessor (without the Lease being considered an encumbrance or any deduction for depreciation or obsolescence, and considering the Premises at its highest and best use and in good condition) or one hundred ten percent (110%) of the price previously in effect, (ii) any index-oriented rental or price adjustment formulas contained in this Lease shall be adjusted to require that the base index be determined with reference to the index applicable to the time of such adjustment, and (iii) any fixed rental adjustments scheduled during the remainder of the Lease term shall be increased in the same ratio as the new rental bears to the Base Rent in effect immediately prior to the adjustment specified in Lessor's Notice.\n(e) Lessee's remedy for any breach of this Paragraph 12.1 by Lessor shall be limited to compensatory damages and/or injunctive relief.", "samples": [{"hash": "4TwIp6pgLtI", "uri": "/contracts/4TwIp6pgLtI#lessors-consent-required", "label": "Lease Agreement (Objectshare Inc)", "score": 18.0, "published": true}, {"hash": "2cLCQCODM8P", "uri": "/contracts/2cLCQCODM8P#lessors-consent-required", "label": "Lease Agreement (Starbase Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [4, 16]}, {"key": "by-operation-of-law", "type": "definition", "offset": [36, 55]}, {"key": "of-lessee", "type": "clause", "offset": [168, 177]}, {"key": "in-this-lease", "type": "clause", "offset": [189, 202]}, {"key": "without-lessor", "type": "definition", "offset": [222, 236]}, {"key": "prior-written-consent", "type": "clause", "offset": [239, 260]}, {"key": "terms-of", "type": "definition", "offset": [292, 300]}, {"key": "control-of", "type": "definition", "offset": [335, 345]}, {"key": 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[986, 1006]}, {"key": "upon-thirty", "type": "clause", "offset": [1016, 1027]}, {"key": "written-notice", "type": "definition", "offset": [1039, 1053]}, {"key": "base-rent-for-the-premises", "type": "clause", "offset": [1096, 1122]}, {"key": "fair-market-rental-value-of-the-premises", "type": "definition", "offset": [1150, 1190]}, {"key": "by-lessor", "type": "clause", "offset": [1217, 1226]}, {"key": "the-base-rent", "type": "clause", "offset": [1265, 1278]}, {"key": "in-effect", "type": "definition", "offset": [1284, 1293]}, {"key": "determination-of-the", "type": "clause", "offset": [1303, 1323]}, {"key": "by-lessee", "type": "clause", "offset": [1366, 1375]}, {"key": "the-period", "type": "clause", "offset": [1546, 1556]}, {"key": "the-adjustment", "type": "clause", "offset": [1596, 1610]}, {"key": "due-and-payable", "type": "definition", "offset": [1617, 1632]}, {"key": "the-determination", "type": "clause", "offset": [1650, 1667]}, {"key": "in-the-event-of", "type": "definition", "offset": [1686, 1701]}, {"key": "the-purchase-price", "type": "clause", "offset": [1741, 1759]}, {"key": "option-to-purchase-the-premises", "type": "clause", "offset": [1767, 1798]}, {"key": "adjustment-to", "type": "clause", "offset": [1842, 1855]}, {"key": "then-fair-market-value", "type": "definition", "offset": [1860, 1882]}, {"key": "depreciation-or-obsolescence", "type": "clause", "offset": [1990, 2018]}, {"key": "highest-and-best-use", "type": "definition", "offset": [2056, 2076]}, {"key": "in-good-condition", "type": "clause", "offset": [2081, 2098]}, {"key": "the-price", "type": "clause", "offset": [2137, 2146]}, {"key": "price-adjustment", "type": "definition", "offset": [2203, 2219]}, {"key": "contained-in", "type": "definition", "offset": [2229, 2241]}, {"key": "the-base-index", "type": "definition", "offset": [2287, 2301]}, {"key": "with-reference-to", "type": "clause", "offset": [2316, 2333]}, {"key": "applicable-to", "type": "definition", "offset": [2344, 2357]}, {"key": "rental-adjustments", "type": "definition", "offset": [2407, 2425]}, {"key": "the-lease-term", "type": "definition", "offset": [2460, 2474]}, {"key": "prior-to-the", "type": "clause", "offset": [2575, 2587]}, {"key": "breach-of-this", "type": "clause", "offset": [2657, 2671]}, {"key": "compensatory-damages", "type": "definition", "offset": [2717, 2737]}, {"key": "injunctive-relief", "type": "clause", "offset": [2745, 2762]}], "size": 32, "hash": "09624f28afd55bb00d39bca4666c392a", "id": 9}, {"snippet": "Except as provided in Section 11.02, Lessee shall not voluntarily or by operation of law assign, transfer, mortgage, sublet, license or otherwise transfer or encumber all or any part of Lessee\u2019s interest in this Lease or in the Premises or any part thereof, without Lessor\u2019s prior written consent, which Lessor shall not unreasonably withhold, condition or delay. Lessor shall respond in writing to Lessee\u2019s request for consent hereunder within fifteen (15) business days of Lessor\u2019s receipt of Lessee\u2019s request therefor, or within any extended time period necessary in order for Lessor to receive a response from Lessor\u2019s lender, and any attempted assignment, transfer, mortgage, encumbrance, subletting or licensing without such consent shall be void, and shall constitute a breach of this Lease. If Lessor refuses to consent to Lessee\u2019s request, it shall specifically state in its response to Lessee the reason(s) for denying such consent. By way of example, but not limitation, reasonable grounds for denying consent include: (i) poor credit history or insufficient financial strength of transferee, (ii) transferee\u2019s intended use of the Premises is inconsistent with the permitted use and will materially and adversely affect Lessor\u2019s interest. Lessee shall reimburse Lessor upon demand for Lessor\u2019s reasonable costs and expenses (including attorneys\u2019 fees, architect fees and engineering fees) involved in reviewing any request for consent whether or not consent is granted. Notwithstanding any other provisions of this Lease, if (i) the proposed assignee or sublessee has been required by any prior landlord, lender or governmental authority to take remedial action in connection with Hazardous Materials contaminating a property, where the contamination resulted from such party\u2019s action or use of the property in question, (ii) the proposed assignee or sublessee is subject to any enforcement order issued by any governmental authority in connection with the use, storage, handling, treatment, generation, release or disposal of hazardous materials (including, without limitation, any order related to the failure to make a required reporting to any governmental authority), or (iii) because of the existence of a pre-existing environmental condition in the vicinity of or underlying the Project, the risk that Lessor would be targeted as a responsible party in connection with the remediation of such pre-existing environmental condition would be materially increased or exacerbated by the proposed use of Hazardous Materials by such proposed assignee or sublessee, Lessor shall have the absolute right to refuse to consent to any assignment or subletting to any such party.", "samples": [{"hash": "fcymnVKQL2D", "uri": "/contracts/fcymnVKQL2D#lessors-consent-required", "label": "Triple Net Space Lease (PDL Biopharma, Inc.)", "score": 21.0, "published": true}, {"hash": "dewwm4ueTl5", "uri": "/contracts/dewwm4ueTl5#lessors-consent-required", "label": "Triple Net Space Lease (Biotech Spinco, Inc.)", "score": 21.0, "published": true}, {"hash": "7I9u2uU2xZh", "uri": "/contracts/7I9u2uU2xZh#lessors-consent-required", "label": "Triple Net Space Lease (PDL Biopharma, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "except-as-provided-in", "type": "clause", "offset": [0, 21]}, {"key": "by-operation-of-law", "type": "definition", "offset": [69, 88]}, {"key": "of-lessee", "type": "clause", "offset": [183, 192]}, {"key": "in-this-lease", "type": "clause", "offset": [204, 217]}, {"key": "without-lessor", "type": "definition", "offset": [258, 272]}, {"key": "prior-written-consent", "type": "clause", "offset": [275, 296]}, {"key": "respond-in-writing", "type": "definition", "offset": [377, 395]}, {"key": "to-lessee", "type": "clause", "offset": [396, 405]}, {"key": "request-for-consent", "type": "clause", "offset": [408, 427]}, {"key": "business-days-of", "type": "clause", "offset": [458, 474]}, {"key": "receipt-of", "type": "clause", "offset": [484, 494]}, {"key": "time-period", "type": "clause", "offset": [545, 556]}, {"key": "for-lessor", "type": "clause", "offset": [576, 586]}, {"key": "to-receive", "type": "definition", "offset": [587, 597]}, {"key": "subletting-or-licensing", "type": "clause", "offset": [694, 717]}, {"key": "breach-of-this", "type": "clause", "offset": [777, 791]}, {"key": "consent-to", "type": "definition", "offset": [820, 830]}, {"key": "reasonable-grounds", "type": "definition", 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{"key": "take-remedial-action", "type": "clause", "offset": [1652, 1672]}, {"key": "in-connection-with", "type": "clause", "offset": [1673, 1691]}, {"key": "such-party", "type": "clause", "offset": [1776, 1786]}, {"key": "use-of-the-property", "type": "clause", "offset": [1799, 1818]}, {"key": "subject-to", "type": "clause", "offset": [1875, 1885]}, {"key": "issued-by", "type": "clause", "offset": [1908, 1917]}, {"key": "disposal-of-hazardous-materials", "type": "clause", "offset": [2026, 2057]}, {"key": "without-limitation", "type": "clause", "offset": [2070, 2088]}, {"key": "any-order", "type": "definition", "offset": [2090, 2099]}, {"key": "related-to", "type": "clause", "offset": [2100, 2110]}, {"key": "failure-to-make", "type": "clause", "offset": [2115, 2130]}, {"key": "reporting-to", "type": "definition", "offset": [2142, 2154]}, {"key": "existing-environmental-condition", "type": "definition", "offset": [2227, 2259]}, {"key": "the-project", "type": "definition", "offset": [2293, 2304]}, {"key": "the-risk", "type": "clause", "offset": [2306, 2314]}, {"key": "responsible-party", "type": "definition", "offset": [2350, 2367]}, {"key": "use-of-hazardous-materials", "type": "clause", "offset": [2509, 2535]}, {"key": "right-to-refuse-to", "type": "clause", "offset": [2607, 2625]}, {"key": "assignment-or-subletting", "type": "clause", "offset": [2641, 2665]}], "size": 28, "hash": "ead7250cdb39fbd2cbf425ed11994e06", "id": 10}], "next_curs": "CmESW2oVc35sYXdpbnNpZGVyY29udHJhY3Rzcj0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiFsZXNzb3JzLWNvbnNlbnQtcmVxdWlyZWQjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Lessor's Consent Required", "parents": [["assignment-and-subletting", "Assignment and Subletting"], ["personal-property-taxes", "Personal Property Taxes"], ["waive-statutes", "WAIVE STATUTES"], ["waiver", "Waiver"], ["exemption-of-lessor-from-liability", "Exemption of Lessor from Liability"]], "children": [["lessors-consent-required", "Lessor\u2019s Consent Required"], ["", ""], ["no-release-of-lessee", "No Release of Lessee"], ["attorneys-fees", "Attorney\u2019s Fees"], ["deleted", "Deleted"]], "size": 960, "id": "lessors-consent-required", "related": [["landlords-consent-required", "Landlord\u2019s Consent Required", "Landlord\u2019s Consent Required"], ["consent-required", "Consent Required", "Consent Required"], ["landlords-consent-to-alterations", "Landlord\u2019s Consent to Alterations", "Landlord\u2019s Consent to Alterations"], ["definitions-consent-required", "Definitions; Consent Required", "Definitions; Consent Required"], ["landlords-consent", "Landlord\u2019s Consent", "Landlord\u2019s Consent"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00", "also_ask": ["What negotiation leverage does the 'Lessor's Consent Required' clause provide to each party?", "What essential elements must be included to ensure the clause is enforceable and unambiguous?", "What are the main risks or loopholes that could undermine the lessor\u2019s control or expose them to liability?", "How does this consent requirement compare to industry standards or statutory defaults in similar leases?", "What factors do courts consider when determining if a lessor\u2019s withholding of consent is reasonable or arbitrary?"], "drafting_tip": "Specify actions requiring consent to prevent disputes, define consent procedures to ensure clarity, and state consequences for non-compliance to reinforce enforceability.", "explanation": "The \"Lessor's Consent Required\" clause establishes that the tenant must obtain the landlord's approval before undertaking certain actions related to the leased property. Typically, this applies to activities such as subleasing, making alterations, or assigning the lease to another party, and the landlord may set conditions or require written requests for such consent. This clause serves to protect the landlord's interests by ensuring they maintain control over significant changes affecting the property or the lease arrangement."}, "json": true, "cursor": ""}}