Other Transfers Void. Neither this Lease nor the Term hereby demised shall be mortgaged by Tenant, nor shall Tenant mortgage or pledge the interest of Tenant in and to any sublease of the Premises or the rentals payable thereunder. Any mortgage, pledge, sublease or assignment made in violation of this Article VIII shall be void.
Appears in 2 contracts
Sources: Lease Agreement (Ugly Duckling Corp), Lease Agreement (Televideo Systems Inc)
Other Transfers Void. Neither this Lease nor any interest of Tenant therein, nor the Term hereby demised shall be mortgaged by Tenant, nor shall Tenant mortgage or pledge the interest of Tenant in and to any sublease of the Premises or the rentals payable thereunder. Any mortgage, pledge, sublease or assignment made in violation of this Article VIII shall be void.
Appears in 1 contract
Sources: Purchase and Sale Leaseback Agreement (Ugly Duckling Corp)