Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, to a corporation of which Tenant is a wholly-owned subsidiary, or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporation; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. Tenant shall not thereby be released from liability under this Lease.
Appears in 4 contracts
Sources: Lease Agreement (World Wide Magic Net Inc), Lease Agreement (World Wide Magic Net Inc), Lease Agreement (World Wide Magic Net Inc)
Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. sublease and that Tenant shall is not thereby be released from liability under this the Lease.
Appears in 2 contracts
Sources: Office Lease (Eloquent Inc), Office Lease (Vanguard Airlines Inc \De\)
Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that (a) Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. ; (b) Tenant shall is not thereby be released from liability under this Lease and (c) the assignee assumes in writing all of the obligations of Tenant under this Lease.
Appears in 2 contracts
Sources: Office Lease (Safescience Inc), Office Lease (International Cosmetics Marketing Co)
Permitted Transfer. No Landlord consents to consent shall be necessary in the case of an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. , Tenant shall not thereby be released from liability remain liable under the terms of this Lease, and the resulting or surviving entity has a net worth at the time of such assignment, equal to or in excess of Tenant’s.
Appears in 2 contracts
Sources: Solar Lease and Easement Agreement, Lease Agreement (Capstone Financial Group, Inc.)
Permitted Transfer. Subject to Sections 9.5, 9.6 and 9.10, Landlord consents to an assignment of this Lease Lease, or sublease of all or part of the Premises Premises, to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporation; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. Tenant shall not thereby be released from liability under this Leaseconsolidated.
Appears in 2 contracts
Sources: Office Lease (Go Daddy Group, Inc.), Office Lease (Go Daddy Group, Inc.)
Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that (a) Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. ; (b) Tenant shall is not thereby be released from liability under this Lease.
Appears in 1 contract
Permitted Transfer. No Landlord consents to consent shall be necessary in the case of an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. , Tenant shall not thereby be released from liability remain liable under the terms of this Lease, and the resulting or surviving entity has a net worth at the time of such assignment, equal to or in excess of Tenant's.
Appears in 1 contract
Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that (a) Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. ; (b) Tenant shall is not thereby be released from liability under the Lease and (c) the assignee assumes in writing all of the obligations of Tenant under this Lease.
Appears in 1 contract
Sources: Office Lease (Xcarenet Inc)
Permitted Transfer. Subject to Sections 9.5, 9.6 and 9.10, Landlord consents to an assignment of this Lease Lease, or sublease of all or part of the Premises Premises, to a wholly-owned subsidiary of Tenant or affiliate of Tenant, or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporation; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. Tenant shall not thereby be released from liability under this Leaseconsolidated.
Appears in 1 contract
Sources: Office Lease (Ryland Group Inc)
Permitted Transfer. Landlord consents to an assignment of this Lease Lease, or sublease of all or part of the Premises Premises, to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. sublease and that Tenant shall is not thereby be released from liability under this the Lease.
Appears in 1 contract
Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. sublease and that Tenant shall is not thereby be released from liability under this Leasethe lease.
Appears in 1 contract
Sources: Office Lease (Virage Logic Corp)