Right to Assign or Sublet Clause Samples
The Right to Assign or Sublet clause allows a tenant to transfer their lease obligations or rights to another party, either through assignment or subletting. In practice, this means the tenant can either assign the entire lease to a new tenant or sublet all or part of the premises, often subject to the landlord’s consent and certain conditions. This clause provides flexibility for tenants who may need to vacate the premises before the lease ends, while also protecting the landlord’s interests by ensuring they have some control over who occupies the property.
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Right to Assign or Sublet. Tenant shall have the right, without prior consent of Landlord, to assign this Lease, or to sublet all or any portion of the Premises to any affiliate of Tenant. Additionally, Tenant shall have the right to assign this Lease, or sublet all or any portion of the Premises, with the consent of Landlord, which shall not be unreasonably withheld, delayed or conditioned, to any third party, provided that the proposed assignee or subtenant meets the criteria reasonable landlords in and around the Location use to select tenants having similar leasehold obligations. Tenant shall send Landlord a copy of any sublease or assignment and assumption agreement at least fifteen (15) days prior to the full execution and delivery thereof by Tenant and the subtenant or assignee. Any transfer of this Lease from Tenant by merger, consolidation or dissolution or any change in ownership of the majority of the voting stock in Tenant shall not constitute an assignment for purposes of this Article 9. Any assignment or subletting of the Premises by Tenant shall be subject to any approval right given to the Landlord’s mortgage lender, and its successors or assigns.
Right to Assign or Sublet above notwithstanding, Tenant shall have the following rights to assign or sublet all or a portion of the Premises (together with any of the renewal rights set forth in Sections 14.2 and 14.3 which have not then yet been exercised but excluding the rights set forth in Sections 14.4 and 14.5) at any time during the Term or either of the First Extended Term and the Second Extended Term:
Right to Assign or Sublet. The Tenant shall have the right to assign or sublet all or a portion of the Premises at any time during the Term or the Extended Terms subject to the approval of the Landlord, such approval not to be unreasonably withheld and provided that the Tenant shall continue to be bound for its obligations under the Lease. Upon the Tenant notifying the Landlord of its intent to assign its interest in the Lease to a third party, the Landlord shall have the right to terminate the Lease and relieve the Tenant from its obligations thereunder. The Landlord shall not have the foregoing right of termination in the event that:
Right to Assign or Sublet. Except as expressly permitted pursuant hereto or by the Participation Agreement or the Facility Lease, neither Site Sublessor nor Site Sublessee shall have the right to assign or otherwise transfer all or any part of such party’s interest in this Site Sublease or in the Ground Interest or to sublet the whole or any part of the Ground Interest and/or delegate any or all of its obligations under this Site Sublease.
Right to Assign or Sublet. Subtenant's interest in the Subleasehold Estate is not assignable in whole or in part without the prior written permission of Landlord and Sublandlord. Subtenant may not sublet the Demised Premises for any reason without approval of the Landlord and Sublandlord. Landlord and Sublandlord’s written permission and approval are required.
Right to Assign or Sublet. It is agreed and understood that the Tenant shall have the right to assign the Lease or sublet all or part of the Premises provided that it has received the prior written approval from the Landlord, such approval not to be unreasonably withheld, conditioned, or delayed and in accordance with terms or be agreed in the Lease. Notwithstanding the above, and provided Tenant is in compliance with the terms and conditions of assigning to a Permitted Transferee, as defined hereafter, no consent shall be required, but Tenant shall provide thirty (30) days prior written notice, for transfers to any corporation which is an affiliate (within the meaning of the Canada Business Corporations Act) of Tenant (“Affiliate”) but only so long as such company remains an Affiliate; or a corporation formed as a result of a merger or amalgamation (within the meaning of the Canada Business Corporations Act) of Tenant with another corporation or corporations, provided the resulting entity has the same or greater financial capacity as that of the Tenant on the Commencement Date of this Lease (the “Permitted Transferees”). Any assignee signs an acknowledgement in the Landlord’s standard form that it will abide by all the terms and conditions of the Lease, and provided further that the Tenant remains fully liable for all its covenants and obligations under the Lease. Further, the Tenant shall have the right to recover the costs involved with the assignment or subletting of the Premises such as, commissions, free rent periods, carrying costs, allowances, demising costs, administrative costs, etc. but all other monies in excess of the Basic Rent shall be paid to Landlord.
Right to Assign or Sublet. Tenant shall neither assign this Lease nor sublet all or any part of the Premises without the prior written consent of Landlord, which consent shall not be unreasonably withheld or delayed. Landlord agrees to respond in writing to ▇▇▇ ▇▇▇uest for assignment or subletting within ten (10) days following receipt of such a request. Notwithstanding the foregoing, Tenant without release of liability may assign this Lease and/or sublet any part or all of the Premises, without Landlord's prior consent, to any affiliates, subsidiaries, parent organizations, or representatives of Tenant. Furthermore, Landlord herein consents to the sublease between Tenant and Advanced Radiology, S.C. for a portion of the Premises.
Right to Assign or Sublet. Subject to Articles 11.02 and 11.03, Tenant shall have the right to sublet the Premises or any part thereof. and to assign or otherwise transfer all of its interest in this Lease (but not less than all thereof) upon compliance with the following conditions:
(a) At the time of any such assignment or subletting, this Lease shall be in full force and effect and no Event of Default shall have occurred and be continuing;
(b) An original copy of the assignment or sublease, duly executed by the parties thereto shall be delivered to Landlord prior to the effective date of such assignment or sublease;
(c) Any such assignment or subletting shall be subject to all the provisions, terms, covenants and conditions of this Lease and Tenant shall, except as hereinafter provided in this Article 11.01, continue to be and remain liable hereunder;
(d) If the subtenant or assignee is not an Affiliate of Tenant, the character, business activity, creditworthiness and business reputation of such subtenant or assignee in Landlord’s reasonable judgment is consistent with the character, business activity, creditworthiness and business reputation of other tenants of the Building. Tenant shall give Landlord not less than 30 days written notice of any proposed subletting or assignment, which notice shall include reasonably detailed information regarding the character, business activity, creditworthiness and business reputation of the proposed subtenant or assignee. If Landlord does not give notice of disapproval of such subtenant or assignee within 20 days after receipt of Tenant’s notice, then Landlord’s approval shall be deemed given. Any approval of such subtenant or assignee shall not constitute approval of any future subtenant or assignee’.
(e) Inter-Regional Financial Group, Inc. (“IFG”) shall have the right, without restriction, except as hereinafter provided, to assign this Lease subject to the applicable provisions of this Article 11.00, to its Affiliate ▇▇▇▇ ▇▇▇▇▇▇▇▇ Incorporated, a Delaware corporation (“▇▇▇▇ ▇▇▇▇▇▇▇▇”), and upon such assignment and after the Commencement Date IFG shall be released and discharged from all remaining liability and obligation hereunder, provided that at the time of such assignment, the net worth of ▇▇▇▇ ▇▇▇▇▇▇▇▇, as established by its then most recent, audited and published annual report, shall not be less than the lesser of $50,000,’000.00, or a net worth which is reasonably comparable to IFG’s net worth as established by IFG’s and ▇▇▇▇ ▇▇▇▇▇▇...
Right to Assign or Sublet. This license may not be assigned to any person or group, nor sublet in any part for any purpose without prior written consent from the City.
Right to Assign or Sublet. LANDLORD'S REPAIR AND MAINTENANCE RESPONSIBILITIES................. 11. INSURANCE.......................................................... 12.
