Common use of Permitted Transfer Clause in Contracts

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

Sources: Office Lease (Accredited Home Lenders Holding 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 1 contract

Sources: Lease Agreement (Gilman & Ciocia 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 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

Sources: Office Lease (P F Changs China Bistro 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 Leasethe lease.

Appears in 1 contract

Sources: Office Lease (Virage Logic Corp)