Common use of Request for Consent Clause in Contracts

Request for Consent. If Tenant requests Landlord’s consent to a Transfer, then, at least 15 business days prior to the effective date of the proposed Transfer, Tenant shall provide Landlord with a written description of all terms and conditions of the proposed Transfer, copies of the proposed documentation (which may be redacted to remove any confidential information unrelated to this Lease or any subletting of the Premises or assignment of this Lease), and the following information about the proposed transferee: name and address of the proposed transferee and any entities and persons who own, control or direct the proposed transferee; reasonably satisfactory information about its business and business history; its proposed use of the Premises; banking, financial, and other credit information; and general references sufficient to enable Landlord to determine the proposed transferee’s creditworthiness and character. Concurrently with Tenant’s notice of any request for consent to a Transfer, Tenant shall pay to Landlord a fee of $500 to defray Landlord’s expenses in reviewing such request, and Tenant shall also reimburse Landlord within 15 business days of written request for its reasonable attorneys’ fees and other expenses incurred in connection with considering any request for consent to a Transfer (which shall not exceed $2,500 for consents to subleases provided Landlord’s standard consent to sublease form is used without material modification or negotiation).

Appears in 2 contracts

Sources: Lease Agreement (Ciena Corp), Lease Agreement (Ciena Corp)

Request for Consent. If Tenant requests Landlord▇▇▇▇▇▇▇▇’s consent to a Transfer, then, at least 15 business days prior to the effective date of the proposed Transfer, Tenant shall provide Landlord with a written description of all terms and conditions of the proposed Transfer, copies of the proposed documentation (which may be redacted to remove any confidential information unrelated to this Lease or any subletting of the Premises or assignment of this Lease)documentation, and the following information about the proposed transferee: name and address of the proposed transferee and any entities and persons who own, control or direct the proposed transferee; reasonably satisfactory information about its business and business history; its proposed use of the Premises; banking, financial, and other credit information; and general references sufficient to enable Landlord to determine the proposed transferee’s creditworthiness and characterinformation reasonably requested by Landlord. Concurrently with Tenant▇▇▇▇▇▇’s notice of any request for consent to a Transfer, Tenant shall pay to Landlord a fee of $500 1,000 to defray Landlord’s expenses in reviewing such request, and Tenant shall also reimburse Landlord within 15 business days of written immediately upon request for its reasonable attorneys’ fees and other expenses incurred in connection with considering any request for consent to a Transfer (which shall not Transfer. If Landlord reasonably believes that the out-of-pocket costs payable to third parties to be incurred by Landlord in reviewing the proposed consent will exceed $2,500 for consents 1,000, Landlord will first notify Tenant of such cost estimate before proceeding with such third-party expenses. If Tenant fails to subleases provided Landlord’s standard consent to sublease form is used without material modification or negotiation)such additional costs and expenses within five business days after ▇▇▇▇▇▇▇▇’s written notification to Tenant thereof, Tenant shall be deemed to have rescinded its request for such consent.

Appears in 1 contract

Sources: Lease Agreement (Akoustis Technologies, Inc.)

Request for Consent. If Tenant requests Landlord’s 's consent to a Transfer, then, at least 15 business 14 days prior to the effective date of the proposed Transfer, Tenant shall provide Landlord with a written description of all material terms and conditions of the proposed Transfer, copies of the term sheet or proposed documentation (which which, in either case, may be in draft form and may be redacted to remove any confidential information unrelated to this Lease or any subletting of the Premises or assignment of this Lease), and the following information about the proposed transferee: name and address of the proposed transferee and any entities and persons who own, control or direct the proposed transferee; reasonably satisfactory information about its business and business history; its proposed use of the Premises; banking, financial, and other credit information; and general references sufficient to enable Landlord to determine the proposed transferee’s 's creditworthiness and character(collectively the “Initial Information”). Concurrently with Tenant’s notice of any request for consent to a Transfer, Tenant shall pay to Landlord a fee of $500 to defray Landlord’s expenses in reviewing such request, and Tenant shall also reimburse Landlord within 15 business days of written request for its reasonable attorneys' fees and other expenses incurred in connection with considering any request for consent to a Transfer (which shall not later than 45 days following Landlord’s delivery to Tenant of an invoice therefor. If Landlord reasonably believes that its out-of-pocket attorneys’ fees payable to be incurred by Landlord in reviewing the proposed consent will exceed $2,500 for consents 3,000, Landlord will first notify Tenant of such cost estimate before proceeding with such third-party expenses. If Tenant fails to subleases provided consent to such additional costs and expenses within five Business Days after Landlord’s standard consent written notification to sublease form is used without material modification or negotiation)Tenant thereof, Tenant shall be deemed to have rescinded its request for such consent.

Appears in 1 contract

Sources: Lease Agreement (Blucora, Inc.)

Request for Consent. If Tenant requests Landlord’s consent to a Transfer, then, at least 15 business thirty (30) days prior to the effective date of the proposed Transfer, Tenant shall provide Landlord with a written description of all terms and conditions of the proposed Transfer, copies of the proposed documentation (which may be redacted to remove any confidential information unrelated to this Lease or any subletting of the Premises or assignment of this Lease)pertinent documentation, and the following information about the proposed transferee: name and address of the proposed transferee and any entities and persons who own, control or direct the proposed transfereeaddress; reasonably satisfactory information about its business and business history; its proposed use of the Premises; banking, financial, and other credit informationfinancial statements; and general references sufficient to enable Landlord to determine the proposed transferee’s creditworthiness and character. Concurrently with Tenant’s notice of any request for consent to a Transfer, Tenant shall pay to Landlord a fee of $500 to defray Landlord’s expenses in reviewing such request, and Tenant shall also reimburse Landlord within 15 business days of written immediately upon request for its reasonable and documented attorneys’ fees and other expenses incurred in connection with considering any request for consent to a Transfer Transfer. Landlord’s failure to respond within such thirty (30) day period and following a second notice (which notice shall not exceed $2,500 for consents to subleases provided have a heading in at least 12-point type, bold and all caps “FAILURE TO RESPOND SHALL RESULT IN A DEEMED CONSENT BY LANDLORD TO A REQUEST FOR ASSIGNMENT”) and Landlord’s standard failure to respond within five (5) business days after receipt of such second notice, shall be deemed Landlord’s consent to sublease form is used without material modification or negotiation)Tenant’s request for assignment.

Appears in 1 contract

Sources: Office Lease Agreement (Cross Country Healthcare Inc)

Request for Consent. If Tenant requests Landlord’s consent to a Transfer, then, at least 15 business thirty (30) days prior to the effective date of the proposed Transfer, Tenant shall provide Landlord with a written description of all terms and conditions of the proposed Transfer, copies of the proposed documentation (which may be redacted to remove any confidential information unrelated to this Lease or any subletting of the Premises or assignment of this Lease)documentation, and the following information about the proposed transferee: name and address of the proposed transferee and any entities and persons who own, control or direct the proposed transfereeaddress; reasonably satisfactory information about its business and business history; its proposed use of the Premises; banking, financial, and other credit information; and general references sufficient to enable Landlord to determine the proposed transferee’s creditworthiness and charactercharacter and such additional information as Landlord may reasonably request. Concurrently In connection with Tenant’s notice of any request for consent to a Transfer, Tenant shall pay pay, within thirty (30) days after Landlord has delivered to Landlord a fee of $500 to defray Tenant an invoice therefor, together with reasonable supporting documentation, Landlord’s expenses in reviewing such request, review and Tenant shall also reimburse Landlord within 15 business days of written request for processing fees and its reasonable attorneys’ fees and other expenses incurred in connection with considering any request for consent to a Transfer, in an aggregate amount not to exceed Two Thousand Five Hundred and No/100 Dollars ($2,500.00) in the aggregate, but such limitation of fees shall only apply to the extent such Transfer (which is in the ordinary course of business. Landlord and Tenant hereby agree that a proposed Transfer shall not exceed $2,500 for consents to subleases provided Landlord’s standard consent to sublease form is used without material modification or negotiation)be considered “in the ordinary course of business” if such Transfer involves the review of documentation by Landlord on more than two (2) occasions.

Appears in 1 contract

Sources: Lease Agreement (Avalara Inc)

Request for Consent. If Tenant requests Landlord’s consent to a Transfer, then, at least 15 business thirty (30) days prior to the effective date of the proposed Transfer, Tenant shall provide Landlord with a written description of all terms and conditions of the proposed Transfer, copies of the proposed documentation (which may be redacted to remove any confidential information unrelated to this Lease or any subletting of the Premises or assignment of this Lease)documentation, and the following information about the proposed transferee: name and address of the proposed transferee and any entities and persons who own, control or direct the proposed transfereeaddress; reasonably satisfactory information about its business and business history; its proposed use of the Premises; banking, financial, and other credit information; and general references sufficient to enable Landlord to determine the proposed transferee’s creditworthiness and charactercharacter and such additional information as Landlord may reasonably request. Concurrently with Tenant’s notice of any request for consent to a Transfer, Tenant shall pay to Landlord a fee of One Thousand Dollars ($500 1,000.00) to defray Landlord’s expenses in reviewing such request, and Tenant shall also reimburse Landlord within 15 business thirty (30) days of written request after Landlord has delivered to Tenant an invoice therefor, together with reasonable supporting documentation for its reasonable attorneys’ fees and other expenses incurred in connection with considering any request for consent to a Transfer (which shall not exceed $2,500 for consents to subleases provided Landlord’s standard consent to sublease form is used without material modification or negotiation)Transfer.

Appears in 1 contract

Sources: Lease Agreement (Hipcricket, Inc.)

Request for Consent. If Tenant requests Landlord’s consent to a Transfer, then, at least 15 fifteen (15) business days prior to the effective date of the proposed Transfer, Tenant shall provide Landlord with a written description of all material terms and conditions of the proposed Transfer, copies of the proposed documentation (which may be redacted to remove any confidential information unrelated to this Lease or any subletting of the Premises or assignment of this Lease)transfer documentation, and the following information about the proposed transferee: name and address of the proposed transferee and any entities and persons who own, control or direct the proposed transferee; reasonably satisfactory information about its business and business history; its proposed use of the Premises; banking, financial, and other credit information; and general references sufficient to enable Landlord to determine the proposed transferee’s creditworthiness and character. Concurrently with Tenant’s notice of any request for consent to a Transfer, Tenant shall pay to Landlord a fee reasonable allocation of $500 to defray Landlord’s the expenses incurred by Landlord in reviewing such requestrequest (such allocation not exceed $500.00), and Tenant shall also reimburse Landlord within 15 business days of written immediately upon request for its reasonable attorneys’ fees and other expenses incurred in connection with considering any request for consent to a Transfer. No fees shall be payable with regard to a Permitted Transfer (which shall not exceed $2,500 for consents pursuant to subleases provided Landlord’s standard consent to sublease form is used without material modification or negotiationSection 10(h).

Appears in 1 contract

Sources: Lease Agreement (Sonus Networks Inc)