Common use of Related Corporation Clause in Contracts

Related Corporation. Tenant may, with Landlord's consent which shall not be unreasonably withheld, permit any corporations or other business entities (but not including Governmental Entities) which control, are controlled by, or are under common control with Tenant (herein referred to as "related corporation") to sublet all or part of the Premises for any of the purposes permitted to Tenant, subject however to compliance with Tenant's obligations under this Lease. Such subletting shall not be deemed to vest in any such related corporation any right or interest in this Lease or the Premises nor shall it relieve, release, impair or discharge any of Tenant's obligations hereunder. For the purposes hereof, "control" shall be deemed to mean ownership of not less than fifty percent (50%) of all of the voting stock of such corporation or not less than fifty percent (50%) of all of the legal and equitable interest in any other business entities.

Appears in 2 contracts

Samples: Execution Original (Intralinks Inc), Execution Original (Intralinks Inc)

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Related Corporation. Tenant may, with without Landlord's consent which shall not be unreasonably withheldconsent, but upon prior notice to Landlord, permit any corporations or other business entities (but not including Governmental Entities) which control, are controlled by, or are under common control with Tenant (herein referred to as "related corporation") to sublet all or part of the Premises for any of the purposes permitted to Tenant, subject however to compliance with Tenant's obligations under this Lease. Such subletting shall not be deemed to vest in any such related corporation any right or interest in this Lease or the Premises nor shall it relieve, release, impair or discharge any of Tenant's obligations hereunder. For the purposes hereof, "control" shall be deemed to mean ownership of not less than fifty percent (50%) of all of the voting stock of such corporation or not less than fifty percent (50%) of all of the legal and equitable interest in any other business entities.

Appears in 1 contract

Samples: Agreement of Lease (Women Com Networks Inc)

Related Corporation. Tenant may, with Landlord's ’s consent which shall not be unreasonably withheld, permit any corporations or other business entities (but not including Governmental Entities) which control, are controlled by, or are under common control with Tenant (herein referred to as "related corporation") to sublet all or part of the Premises for any of the purposes permitted to Tenant, subject however to compliance with Tenant's ’s obligations under this Lease. Such subletting shall not be deemed to vest in any such related corporation any right or interest in this Lease or the Premises nor shall it relieve, release, impair or discharge any of Tenant's ’s obligations hereunder. For the purposes hereof, "control" shall be deemed to mean ownership of not less than fifty percent (50%) of all of the voting stock of such corporation or not less than fifty percent (50%) of all of the legal and equitable interest in any other business entities.

Appears in 1 contract

Samples: Agreement of Lease (Intralinks Inc)

Related Corporation. Tenant may, with without Landlord's consent which shall not be unreasonably withheld’s consent, permit any corporations or other business entities (but not including Governmental Entities) which control, are controlled by, or are under common control with Tenant (herein referred to as "related corporation") to sublet all or part of the Premises for any of the purposes permitted to TenantTenant or take an assignment of this Lease, subject however to compliance with Tenant's ’s obligations under this Lease. Such subletting or assignment shall not be deemed to vest in any such related corporation any right or interest in this Lease or the Premises nor shall it relieve, release, impair or discharge any of Tenant's ’s obligations hereunder. For the purposes hereof, "control" shall be deemed to mean ownership of not less than fifty percent (50%) of all of the voting stock of such corporation or not less than fifty percent (50%) of all of the legal and equitable interest in any other business entities.

Appears in 1 contract

Samples: Agreement of Lease (Constant Contact, Inc.)

Related Corporation. Tenant may, with without Landlord's consent which shall not be unreasonably withheldconsent, but upon written notice to Landlord, permit any corporations or other business entities (but not including Governmental Entities) which control, are controlled by, or are under common control with Tenant (herein referred to as "related corporation") to sublet all or part of the Premises for any of the purposes permitted to Tenant, subject however to compliance with Tenant's obligations under this Lease. Such subletting shall not be deemed to vest in any such related corporation any right or interest in this Lease or the Premises nor shall it relieve, release, impair or discharge any of Tenant's obligations hereunder. For the purposes hereof, "control" shall be deemed to mean ownership of not less than fifty fifty-one percent (5051%) of all of the voting stock of such corporation or not less than fifty fifty-one percent (5051%) of all of the legal and equitable interest in any other business entities. The recapture rights of Landlord set forth in this Article 9 and the profit-share rights of Landlord set forth in this Article 9 hereof shall not be applicable with respect to any assignment or sublease effected pursuant to the terms of this subsection.

Appears in 1 contract

Samples: Agreement of Lease (Snap Interactive, Inc)

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Related Corporation. Tenant may, with without Landlord's consent which shall not be unreasonably withheld’s consent, permit any corporations or other business entities (but not including Governmental Entities) which control, are controlled by, or are under common control with Tenant (herein referred to as "related corporation") to sublet all or part of the Premises for any of the purposes permitted to Tenant, subject however to compliance with Tenant's ’s obligations under this LeaseLease (but the provisions of Sections A through J of this Article 12 shall not apply). Such subletting shall not be deemed to vest in any such related corporation any right or interest in this Lease or the Premises nor shall it relieve, release, impair or discharge any of Tenant's ’s obligations hereunder. For the purposes hereof, "control" shall be deemed to mean ownership of not less than fifty percent (50%) of all of the voting stock of such corporation or not less than fifty percent (50%) of all of the legal and equitable interest in any other business entities.

Appears in 1 contract

Samples: Agreement of Lease (Yodle Inc)

Related Corporation. Tenant may, with without Xxxxxxxx's consent, but upon written notice to Landlord's consent which shall not be unreasonably withheld, permit any corporations or other business entities (but not including Governmental Entities) which control, are controlled by, or are under common control with Tenant (herein referred to as "related corporation") to receive an assignment of this Lease or to sublet all or part of the Premises for any of the purposes permitted to Tenant, subject however to compliance with Tenant's obligations under this Lease. Such assignment or subletting shall not be deemed to vest in any such related corporation any right or interest in this Lease or the Premises nor shall it relieve, release, impair or discharge any of Tenant's obligations hereunder. For the purposes hereof, "control" shall be deemed to mean ownership of not less more than fifty percent (50%) of all of the voting stock of such corporation or not less more than fifty percent (50%) of all of the legal and equitable interest in any other business entities.

Appears in 1 contract

Samples: Agreement of Lease (COMPASS Pathways PLC)

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