Common use of Sublease and Assignment Clause in Contracts

Sublease and Assignment. Lessee shall not sublease the Premises in whole or in part without prior written approval of State. Lessee shall obtain sublessee agreement to be bound by the terms and conditions of this lease and any amended terms. Lessee shall remain fully liable for its obligations under this lease, including but not limited to payment of rent and other sums due in accordance with the terms of this lease. State may assign the lease at State’s option. Lessee shall not assign, hypothecate, mortgage, encumber, transfer, or otherwise alienate this lease or any interest therein, or engage in any other transaction which has the effect of transferring or affecting the rights of enjoyment of the Premises without prior written approval of State. Each permitted assignee or transferee of Lessee shall assume all obligations under the lease occurring after the date of assignment, including any amended terms. Lessee shall remain liable for any obligations occurring prior to the date of assignment. Lessee shall be jointly and severally liable with the assignee or transferee for all obligations under the lease occurring after the date of assignment with respect to those obligations that exist as of the date of assignment unless released in writing by State. State at its option may release Lessee from all but those terms and conditions of the lease that survive termination of the lease. Unless released in writing, Lessee’s obligations shall continue in full force and effect until the Termination Date. State may require reimbursement for any additional administrative costs resulting from the assignment. State’s approval of a sublease or an assignment shall not constitute a waiver of State’s right to approve or disapprove subsequent subleases or assignments. State’s acceptance of payment or performance shall not constitute consent to any sublease or assignment and State’s approval shall be evidenced only by writing.

Appears in 5 contracts

Samples: Irrigated Lease, Irrigated Cash Rent Lease, Irrigated Lease

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Sublease and Assignment. Lessee shall not sublease the Premises in whole or in part without prior written approval of State. Lessee shall obtain sublessee agreement to be bound by the terms and conditions of this lease and any amended terms. Lessee shall remain fully liable for its obligations under this lease, including but not limited to payment of rent and other sums due in accordance with the terms of this lease. State may assign the lease at State’s option. Lessee shall not assign, hypothecate, mortgage, encumber, transfer, or otherwise alienate this lease or any interest therein, or engage in any other transaction which has the effect of transferring or affecting the rights of enjoyment of the Premises without prior written approval of State. Each permitted assignee or transferee of Lessee shall assume all obligations under the lease occurring after the date of assignment, including any amended terms. Lessee shall remain liable for any obligations occurring prior to the date of assignment. Lessee shall be jointly and severally liable with the assignee or transferee for all obligations under the lease occurring after the date of assignment with respect to those obligations that exist as of the date of assignment unless released in writing by State. State at its option may release Lessee from all but those terms and conditions of the lease that survive termination of the lease. Unless released in writing, LesseeXxxxxx’s obligations shall continue in full force and effect until the Termination Date. State may require reimbursement for any additional administrative costs resulting from the assignment. State’s approval of a sublease or an assignment shall not constitute a waiver of State’s right to approve or disapprove subsequent subleases or assignments. State’s acceptance of payment or performance shall not constitute consent to any sublease or assignment and State’s approval shall be evidenced only by writing.

Appears in 5 contracts

Samples: Irrigated Lease, Irrigated Lease, Irrigated Lease

Sublease and Assignment. Lessee shall not sublease the Premises in whole or in part without prior written approval of State. Lessee shall obtain sublessee sublessee’s agreement to be bound by the terms and conditions of this lease Lease and any amended terms. Lessee shall remain fully liable for its obligations under this leaseLease, including but not limited to payment of rent and other sums due in accordance with the terms of this leaseLease. State may assign the lease this Lease at State’s option. Lessee shall not assign, hypothecate, mortgage, encumber, transfer, or otherwise alienate this lease Lease or any interest therein, or engage in any other transaction which has the effect of transferring or affecting the rights of enjoyment of the Premises without prior written approval of State. Each permitted assignee or transferee of Lessee shall assume all obligations under the lease this Lease occurring after the date of assignment, including any amended terms. Lessee shall remain liable for any obligations occurring prior to the date of assignment. Lessee shall be jointly and severally liable with the assignee or transferee for all obligations under the lease this Lease occurring after the date of assignment with respect to those obligations that exist as of the date of assignment unless released in writing by State. State at its option may release Lessee from all but those terms and conditions of the lease this Lease that survive termination of the leasethis Lease. Unless released in writing, LesseeXxxxxx’s obligations shall continue in full force and effect until the Termination Date. State may require reimbursement for any additional administrative costs resulting from the assignment. State’s approval of a sublease or an assignment shall not constitute a waiver of State’s right to approve or disapprove subsequent subleases or assignments. State’s acceptance of payment or performance shall not constitute consent to any sublease or assignment and State’s approval shall be evidenced only by writing.

Appears in 3 contracts

Samples: Dryland Cropshare Lease, Dryland Cash Lease, Dryland Cropshare Lease

Sublease and Assignment. Lessee shall not sublease the Premises in whole or in part without prior written approval of State. Lessee shall obtain sublessee sublessee’s agreement to be bound by the terms and conditions of this lease Lease and any amended terms. Lessee shall remain fully liable for its obligations under this leaseLease, including but not limited to payment of rent and other sums due in accordance with the terms of this leaseLease. State may assign the lease this Lease at State’s option. Lessee shall not assign, hypothecate, mortgage, encumber, transfer, or otherwise alienate this lease Lease or any interest therein, or engage in any other transaction which has the effect of transferring or affecting the rights of enjoyment of the Premises without prior written approval of State. Each permitted assignee or transferee of Lessee shall assume all obligations under the lease this Lease occurring after the date of assignment, including any amended terms. Lessee shall remain liable for any obligations occurring prior to the date of assignment. Lessee shall be jointly and severally liable with the assignee or transferee for all obligations under the lease this Lease occurring after the date of assignment with respect to those obligations that exist as of the date of assignment unless released in writing by State. State at its option may release Lessee from all but those terms and conditions of the lease this Lease that survive termination of the leasethis Lease. Unless released in writing, Lessee’s obligations shall continue in full force and effect until the Termination Date. State may require reimbursement for any additional administrative costs resulting from the assignment. State’s approval of a sublease or an assignment shall not constitute a waiver of State’s right to approve or disapprove subsequent subleases or assignments. State’s acceptance of payment or performance shall not constitute consent to any sublease or assignment and State’s approval shall be evidenced only by writing.

Appears in 2 contracts

Samples: Dryland Ag Cash Lease, Dryland Ag Cash Lease

Sublease and Assignment. Lessee shall not sublease the Premises in whole or in part without prior written approval of StateKID. KID shall receive fifty percent (50%), unless otherwise negotiated, of any sublease rent the Lessee receives that exceeds the lease rent. Lessee shall obtain sublessee sublessee’s agreement to be bound by the terms and conditions of this lease and any amended terms. Lessee shall remain fully liable for its obligations under this lease, including but not limited to payment of rent and other sums due in accordance with the terms of this lease. State KID may assign the lease at State’s KID's option. Lessee shall not assign, hypothecate, mortgage, encumber, transfer, or otherwise alienate this lease or any interest therein, or engage in any other transaction which has the effect of transferring or affecting the rights of enjoyment of the Premises without prior written approval of StateKID. Each permitted assignee or transferee of Lessee shall assume all obligations under the lease occurring after the date of assignment, including any amended terms. Lessee shall remain liable for any obligations occurring prior to the date of assignment. Lessee shall be jointly and severally liable with the assignee or transferee for all obligations under the lease occurring after the date of assignment with respect to those obligations that exist as of the date of assignment unless released in writing by StateKID. State KID at its option may release Lessee from all but those terms and conditions of the lease that survive termination of the lease. Unless released in writing, Lessee’s Xxxxxx's obligations shall continue in full force and effect until the Termination Dateeffect. State KID may require reimbursement for any additional administrative costs resulting from the assignment. State’s XXX's approval of a sublease or an assignment shall not constitute a waiver of State’s KID's right to approve or disapprove subsequent subleases or assignments. State’s KID's acceptance of payment or performance shall not constitute consent to any sublease or assignment and State’s XXX's approval shall be evidenced only by writing.

Appears in 1 contract

Samples: Irrigated Cash Rent Lease

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Sublease and Assignment. Lessee shall not sublease the Premises in whole or in part without prior written approval of State. Lessee shall obtain sublessee sublessee’s agreement to be bound by the terms and conditions of this lease Lease and any amended terms. Lessee shall remain fully liable for its obligations under this leaseLease, including but not limited to payment of rent and other sums due in accordance with the terms of this leaseLease. State may assign the lease this Lease at State’s option. Lessee shall not assign, hypothecate, mortgage, encumber, transfer, or otherwise alienate this lease Lease or any interest therein, or engage in any other transaction which has the effect of transferring or affecting the rights of enjoyment of the Premises without prior written approval of State. Each permitted assignee or transferee of Lessee shall assume all obligations under the lease this Lease occurring after the date of assignment, including any amended terms. Lessee shall remain liable for any obligations occurring prior to the date of assignment. Lessee shall be jointly and severally liable with the assignee or transferee for all obligations under the lease this Lease occurring after the date of assignment with respect to those obligations that exist as of the date of assignment unless released in writing by State. State at its option may release Lessee from all but those terms and conditions of the lease this Lease that survive termination of the leasethis Lease. Unless released in writing, LesseeXxxxxx’s obligations shall continue in full force and effect until the Termination Date. State may require reimbursement for any additional administrative costs resulting from the assignment. State’s approval of a sublease or an assignment shall not constitute a waiver of State’s right to approve or disapprove subsequent subleases or assignments. State’s acceptance of payment or performance shall not constitute consent to any sublease or assignment and State’s approval shall be evidenced only by writing.. Include below table if sublease is proposed by successful bidder Sublease Information: Sublessee: Address: Phone: Email: Description Location Grazing Premises

Appears in 1 contract

Samples: Grazing Lease

Sublease and Assignment. Lessee shall not sublease the Premises in whole or in part without prior written approval of State. Lessee shall obtain sublessee agreement to be bound by the terms and conditions of this lease and any amended terms. Lessee shall remain fully liable for its obligations under this lease, including but not limited to payment of rent and other sums due in accordance with the terms of this lease. State may assign the lease at State’s option. Lessee shall not assign, hypothecate, mortgage, encumber, transfer, or otherwise alienate this lease or any interest therein, or engage in any other transaction transaction, which has the effect of transferring or affecting the rights of enjoyment of the Premises without prior written approval of State. Each permitted assignee or transferee of Lessee shall assume all obligations under the lease occurring after the date of assignment, including any amended terms. Lessee shall remain liable for any obligations occurring prior to the date of assignment. Lessee shall be jointly and severally liable with the assignee or transferee for all obligations under the lease occurring after the date of assignment with respect to those obligations that exist as of the date of assignment unless released in writing by State. State at its option may release Lessee from all but those terms and conditions of the lease that survive termination of the lease. Unless released in writing, LesseeXxxxxx’s obligations shall continue in full force and effect until the Termination Date. State may require reimbursement for any additional administrative costs resulting from the assignment. State’s approval of a sublease or an assignment shall not constitute a waiver of State’s right to approve or disapprove subsequent subleases or assignments. State’s acceptance of payment or performance shall not constitute consent to any sublease or assignment and State’s approval shall be evidenced only by writing.

Appears in 1 contract

Samples: Irrigated Agriculture Lease

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