Prohibition on Assignment and Subletting. Tenant acknowledges that Landlord has entered into this Lease in reliance on the personal services and business expertise of Tenant. Tenant may not assign, sublet, mortgage, hypothecate, pledge, grant a right of first refusal or transfer any interest in this Lease, or in the Leased Property, in whole or in part, without the prior written consent of Landlord, which Landlord may withhold in its sole and absolute discretion. The following transactions will be deemed an assignment or sublease requiring Landlord’s prior written consent: [i] an assignment by operation of law; [ii] an imposition (whether or not consensual) of a lien, mortgage, or encumbrance upon Tenant’s interest in the Lease; [iii] an arrangement (including, but not limited to, management agreements, concessions, licenses, and easements) which allows the use or occupancy of all or part of the Leased Property by anyone other than Tenant; and [iv] a change of ownership of Tenant. Landlord’s consent to any assignment, right of first refusal or sublease will not release Tenant (or any guarantor) from its payment and performance obligations under this Lease, but rather Tenant, any guarantor, and Tenant’s assignee or sublessee will be jointly and severally liable for such payment and performance. An assignment, right of first refusal or sublease without the prior written consent of Landlord will be void at Landlord’s option. Landlord’s consent to one assignment, right of first refusal or sublease will not waive the requirement of its consent to any subsequent assignment or sublease. Notwithstanding the foregoing, Tenant may enter into a Sublease with each Subtenant for each Facility provided that each Sublease complies with §18.2 and Tenant may grant a sublease, concession, or license within the Facility or on the Leased Property, without Landlord’s consent, to any entity providing services within the Facility or on the Leased Property to Tenant’s inpatients and employees including, without limitation, pharmacy, radiology, cafeteria and gift shop services; provided each agreement shall be in writing, a fully executed copy shall be provided to Landlord within 10 Business Days of execution, and each agreement shall expressly provide that such agreement terminates if and when the Lease terminates.
Prohibition on Assignment and Subletting. Tenant may not sublet the Premises or assign, or otherwise transfer any interest under this Lease without Landlord’s prior written consent, which consent may be withheld on Landlord’s sole and absolute discretion. Any transfer of fifty percent (50%) or more of the ownership interests in any tenant in one or a series of transactions, any change in control of any tenant (as defined based on the respective tenant’s operating agreement or governing corporate documents), or any change in the persons providing the Lease Guaranty pursuant to Section 9 hereto, shall be deemed to constitute an assignment (and shall therefore require Landlord’s prior written consent). Any attempted assignment, sublet or transfer made in violation of this provision shall be void. If Tenant requests Xxxxxxxx’s consent to an assignment or subletting, then Tenant shall pay to Landlord, as additional rent, within ten (10) days after written demand, the greater of $10,000 or Landlord’s actual attorneys’ fees incurred in connection with evaluating the request and any assignment documents or sublease and in connection with processing any required documents.
Prohibition on Assignment and Subletting. The Tenant must not assign or sublet the whole or any part of the Property.
Prohibition on Assignment and Subletting. Tenant may not sublet or assign the Premises, or any portion of the Premises, or otherwise transfer its interest under this Lease without Landlord’s prior written consent, which consent shall not be unreasonably withheld. Any attempted assignment, sublet or transfer made in violation of this provision shall be void. If Tenant requests Xxxxxxxx’s consent to an assignment or subletting, then Tenant shall pay to Landlord, as additional rent, within ten (10) days after written demand, Landlord’s actual attorneys’ fees incurred in connection with evaluating the request and any assignment documents or sublease and in connection with processing any required documents, or $10,000.00, whichever is greater.
Prohibition on Assignment and Subletting. Tenant may not sublet the Premises or assign, or otherwise transfer its interest under this Lease without Landlord’s prior written consent, which consent may be withheld on Landlord’s sole and absolute discretion. Any transfer of fifty percent (50%) or more of the ownership interests in Tenant in one or a series of transactions, any change in control of Tenant, or any change in the persons providing the Lease Guaranty pursuant to Section 9, shall be deemed to constitute an assignment (and shall therefore require Xxxxxxxx’s prior written consent). Any attempted assignment, sublet or transfer made in violation of this provision shall be void. If Tenant requests Xxxxxxxx’s consent to an assignment or subletting, then Tenant shall pay to Landlord, as additional rent, within ten (10) days after written demand, the greater of $10,000 or Landlord’s actual attorneys’ fees incurred in connection with evaluating the request and any assignment documents or sublease and in connection with processing any required documents; provided, however, that in the event only one of the signatories to this Lease transfers his or her ownership interest, to the other lease signatory the amount paid by Tenant for such costs shall not exceed $1,000.
Prohibition on Assignment and Subletting. 59 19.2 REQUESTS FOR LANDLORD'S CONSENT TO ASSIGNMENT, SUBLEASE OR MANAGEMENT AGREEMENT .......................................... 60 19.3
Prohibition on Assignment and Subletting. Except as hereinafter provided in this [ILLEGIBLE] Tenant shall not assign, sublease, transfer or encumber this Lease or any interest therein. Any attempted assignment, sublease, transfer or encumbrance by Tenant in violation of the terms and covenants of this paragraph shall be void. Tenant shall at all times continue to be fully liable for all of its obligations under the terms of this Lease, regardless of assignment or subletting under the terms of this paragraph 5 or otherwise permitted by Landlord in writing, and any such assignment or subletting shall be subject to all of the covenants, agreements, terms, provisions and conditions of this Lease. Provided Tenant is not in default of any covenant, agreement, term, provision or condition contained in this Lease and Tenant's proposed assignment or subletting will not result in a default of any covenant, agreement, term, provision or condition of this Lease, Tenant may assign this Lease or sublease all or part of the Premises to a "Related Entity" (herein defined), and (ii) subject to strict compliance with the following additional conditions and requirements, Tenant may sublease all or any part of the Premises to another entity:
Prohibition on Assignment and Subletting. Except as provided below, Landlord’s consent shall not be required for any Permitted Transfer. Landlord’s prior written consent shall be required for each Restricted Transfer, which consent Landlord may withhold in its sole and absolute discretion. A Restricted Transfer without the prior written consent of Landlord will be void at Landlord’s option. Landlord’s consent to one Restricted Transfer will not waive the requirement of its consent to any subsequent Restricted Transfer. Tenant may enter into a Facility Sublease with each Subtenant for each Facility provided that each Facility Sublease complies with §18.2. None of GEN, Tenant or any of their respective subsidiaries will issue equity to any Publicly Listed Entity that is a real estate investment trust for United States income tax purposes and invested in skilled nursing, post-acute care, assisted living, medical or other healthcare facilities (other than HCN) without the consent of HCN (other than in connection with a registered underwritten public offering of equity by GEN or any other Publicly Listed Entity).
Prohibition on Assignment and Subletting. Notwithstanding any other provision in this Lease, 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.
Prohibition on Assignment and Subletting. (a) Tenant shall not voluntarily, by operation of law, or otherwise, assign, transfer, sublease or encumber this Lease or any interest herein or part with possession of all or any part of the Premises (any and all of which shall hereinafter be referred to as “Transfer”). Any Transfer and resulting subletting or assignment shall not relieve Tenant of its primary obligations hereunder, including the obligation for payment of all rents due hereunder. Any Transfer shall constitute a default hereunder and shall be void and shall confer no rights upon any third party, notwithstanding Landlord’s acceptance of rent payments from any purported transferee.
