Common use of Sublease or Assignment by Tenant Clause in Contracts

Sublease or Assignment by Tenant. a. The Tenant shall not, without the Landlord’s prior written consent, and which consent shall not be unreasonably withheld, conditioned or delayed by Landlord, (i) assign, convey, mortgage, pledge, encumber, or otherwise transfer (whether voluntarily, by operation of law, or otherwise) this Lease or any interest hereunder; (ii) allow any lien to be placed upon Tenant’s interest hereunder; (iii) sublet the Premises or any part thereof; or (iv) permit the use or occupancy of the Premises or any part thereof by anyone other than Tenant or Tenant’s subsidiaries. Any attempt to consummate any of the foregoing without Landlord’s consent shall be void and of no force or effect. For purposes hereof, the transfer of the ownership or voting rights in a controlling interest of the voting stock of Tenant (if Tenant is a corporation) or the transfer of a general partnership interest or a majority of the limited partnership or membership interest in Tenant (if Tenant is a partnership or limited liability company), at any time throughout the term of this Lease, shall be deemed to be an assignment of this Lease.

Appears in 3 contracts

Samples: Commencement Agreement (Franklin Financial Network Inc.), Triple Net Office Lease Agreement (Franklin Financial Network Inc.), Triple Net Office Lease Agreement (Franklin Financial Network Inc.)

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Sublease or Assignment by Tenant. a. The Tenant shall not, without the Landlord’s prior written consent, and which consent shall not be unreasonably withheld, conditioned or delayed by Landlord, (i) assign, convey, mortgage, pledge, encumber, or otherwise transfer (whether voluntarily, by operation of law, or otherwise) this Lease or any interest hereunder; (ii) allow any lien to be placed upon TenantXxxxxx’s interest hereunder; (iii) sublet the Premises or any part thereof; or (iv) permit the use or occupancy of the Premises or any part thereof by anyone other than Tenant or Tenant’s subsidiaries. Any attempt to consummate any of the foregoing without Landlord’s consent shall be void and of no force or effect. For purposes hereof, the transfer of the ownership or voting rights in a controlling interest of the voting stock of Tenant (if Tenant is a corporation) or the transfer of a general partnership interest or a majority of the limited partnership or membership interest in Tenant (if Tenant is a partnership or limited liability company), at any time throughout the term of this Lease, shall be deemed to be an assignment of this Lease.

Appears in 1 contract

Samples: Triple Net Office Lease Agreement

Sublease or Assignment by Tenant. a. The (a) Except as permitted in subsection (f) of this Section 8.01, Tenant shall not, without the Landlord’s 's prior written consent, and which consent shall not be unreasonably withheld, conditioned withheld or delayed by Landlordconditioned, (i) assign, convey, mortgage, pledge, encumber, or otherwise transfer (whether voluntarily, by operation of law, or otherwise) this Lease lease or any interest hereunder; (ii) allow any lien to be placed upon Tenant’s 's interest hereunder; (iii) sublet the Premises or any part thereof; or (iv) permit the use or occupancy of the Premises or any part thereof by anyone any one other than Tenant or Tenant’s subsidiaries. Any attempt to consummate any of the foregoing without Landlord’s 's consent shall be void and of no force or effect. For purposes hereof, the transfer of the ownership or voting rights in a controlling interest of the voting stock of Tenant (if Tenant is a corporation) or the transfer of a general partnership interest or a majority of the limited partnership or membership interest in Tenant (if Tenant is a partnership or limited liability companypartnership), at any time throughout the term of this Leaselease, shall be deemed to be an assignment of this Leaselease.

Appears in 1 contract

Samples: Lease Agreement (Northern Trust Corp)

Sublease or Assignment by Tenant. a. The Tenant shall not, without the Landlord’s 's prior written consent, and consent (which consent shall not be unreasonably withheld, conditioned or delayed by Landlord, ): (i) assign, convey, mortgage, pledge, encumber, or otherwise transfer (whether voluntarily, by operation of law, or otherwise) this Lease or any interest of Tenant hereunder; (ii) allow any lien to be placed upon Tenant’s this Lease or any interest of Tenant hereunder; (iii) sublet the Premises premises or any part thereof; or (iv) permit the use or occupancy of the Premises or any part thereof by anyone other than Tenant or Tenant’s subsidiaries, except pursuant to SECTION 17 of Article XVI hereof and except in connection with the Correction and Detention Facility Contracts. Any attempt to consummate any of the foregoing without Landlord’s 's consent shall be void and of no force or effect. For purposes hereof, the transfer of the ownership or voting rights in a controlling interest of the voting stock of Tenant (if Tenant is a corporation) ), or the transfer of a majority of the membership interests in Tenant (if Tenant is a limited liability company), or the transfer of a general partnership interest or a majority of the limited partnership or membership interest in Tenant (if Tenant is a partnership or limited liability companypartnership), at any time throughout the term of this Lease, shall not be deemed to be an assignment of this Lease.

Appears in 1 contract

Samples: Master Lease Agreement (Cornell Companies Inc)

Sublease or Assignment by Tenant. a. The (a) Subject to subparagraphs (b) and (l) below, Tenant shall not, without the Landlord’s prior written consent, and which consent shall not be unreasonably withheld, conditioned or delayed by Landlord, (i) assign, convey, mortgage, pledge, encumber, or otherwise transfer (whether voluntarily, by operation of law, or otherwise) this Lease or any interest hereunder; (ii) allow any lien to be placed upon Tenant’s interest hereunder; (iii) sublet the Leased Premises or any part thereof; or (iv) permit the use or occupancy of the Leased Premises or any part thereof by anyone any one other than Tenant or Tenant’s subsidiaries. Any attempt to consummate any of the foregoing without Landlord’s consent shall be void and of no force or effect. For purposes hereofIf Tenant is an entity, other than a corporation whose shares are traded on a nationally recognized stock exchange, any change to the transfer structure of such entity or any disposition(s) of any of the ownership interests therein by sale, assignment, operation of law or voting rights otherwise, or any change in a controlling interest of the voting stock of Tenant (if Tenant is a corporation) or power to vote the transfer of a general partnership interest or a majority of the limited partnership or membership interest in Tenant (if Tenant is a partnership or limited liability company), at any time throughout the term of this Leaseinterests therein, shall be deemed to be an treated as a prohibited assignment of this LeaseLease requiring Tenant to obtain Landlord’s prior written consent.

Appears in 1 contract

Samples: Office Lease Agreement (NCL CORP Ltd.)

Sublease or Assignment by Tenant. a. The (a) Except for Permitted Transfers (as defined herein), Tenant shall not, without the Landlord’s prior written consent, and which consent shall not be unreasonably withheld, conditioned or delayed by Landlorddelayed, (i) assign, convey, mortgage, pledge, encumber, or otherwise transfer (whether voluntarily, by operation of law, or otherwise) this Lease lease or any interest hereunder; (ii) allow any lien to be placed upon Tenant’s interest hereunder; (iii) sublet the Premises or any part thereof; or (iv) permit the use or occupancy of the Premises or any part thereof by anyone other than Tenant or Tenant’s subsidiaries. Any attempt to consummate any of the foregoing without Landlord’s consent shall be void and of no force or effect. For purposes hereof, the transfer of the ownership or voting rights in a controlling interest of the voting stock of Tenant (if Tenant is a corporation) or the transfer of a general partnership interest or a majority of the limited partnership or membership interest in Tenant (if Tenant is a partnership or limited liability companypartnership), at any time throughout the term Term of this Leaselease, shall not constitute or be deemed to be an assignment of this Leaselease.

Appears in 1 contract

Samples: Lease Agreement (AutoTrader Group, Inc.)

Sublease or Assignment by Tenant. a. The (a) Tenant shall not, without the Landlord’s 's prior written consent, and which such consent shall of assignment or sublease not to be unreasonably withheld, conditioned withheld or delayed by Landlord, delayed: (i) assign, convey, mortgage, pledge, encumber, or otherwise transfer (whether voluntarily, by operation of law, or otherwise) this Lease or any interest of Tenant hereunder; (ii) allow any lien to be placed upon Tenant’s the Leased Premises, this Lease or any interest of Tenant hereunder; (iii) sublet the Leased Premises or any part thereof; or (iv) permit the use or occupancy of the Leased Premises or any part thereof by anyone other than Tenant or Tenant’s subsidiaries. Any attempt to consummate any of the foregoing without Landlord’s 's consent shall be void and of no force or effect. For purposes hereof, the transfer of the ownership or voting rights in a controlling interest of the voting stock of Tenant (if Tenant is a corporation) ), or the transfer of a majority of the membership interests in Tenant (if Tenant is a limited liability company), or the transfer of a general partnership interest or a majority of the limited partnership or membership interest in Tenant (if Tenant is a partnership or limited liability companypartnership), at any time throughout the term of this Lease, shall be deemed to be an assignment of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Synthesis Energy Systems Inc)

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Sublease or Assignment by Tenant. a. The (a) Except as permitted in Subsection 8.01(i) below, Tenant shall not, without the Landlord’s prior written consent, and which consent shall not be unreasonably withheld, withheld or conditioned or delayed by Landlord, (i) assign, convey, mortgage, pledge, encumber, or otherwise transfer (whether voluntarily, by operation of law, or otherwise) this Lease lease or any interest hereunder; (ii) allow any lien to be placed upon Tenant’s interest hereunder; (iii) sublet the Premises or any part thereof; or (iv) permit the use or occupancy of the Premises or any part thereof by anyone any one other than Tenant or Tenant’s subsidiaries. Any attempt to consummate any of the foregoing without Landlord’s consent shall be void and of no force or effect. For purposes hereof, the transfer of the ownership or voting rights in a controlling interest of the voting stock of Tenant (if Tenant is a corporation) or the transfer of a general partnership interest or a majority of the limited partnership or membership interest in Tenant (if Tenant is a partnership or limited liability companypartnership), at any time throughout the term of this Leaselease, shall be deemed to be an assignment of this Leaselease. Tenant shall be entitled to assign this lease or sublet all or any portion of the Premises to an existing tenant or tenant prospect of Landlord, subject to Landlord’s prior written consent, which shall not be unreasonably withheld or conditioned.

Appears in 1 contract

Samples: Lease Agreement (Homebanc Corp)

Sublease or Assignment by Tenant. a. (a) The Tenant shall not, without the Landlord’s prior written consent, and which consent shall not be unreasonably withheld, conditioned or delayed by Landlord, (i) assign, convey, mortgage, pledge, encumber, or otherwise transfer (whether voluntarily, by operation of law, or otherwise) this Lease or any interest hereunder; (ii) allow any lien to be placed upon Tenant’s interest hereunder; (iii) sublet the Leased Premises or any part thereof; or (iv) permit the use or occupancy of the Leased Premises or any part thereof by anyone any one other than Tenant or Tenant’s subsidiaries. Any attempt to consummate any of the foregoing without Landlord’s consent shall be void and of no force or effect. For purposes hereof, the transfer of the ownership or voting rights in a controlling interest of the voting stock of Tenant (if Tenant is a corporation) or the transfer of a general partnership interest or a majority of the limited partnership or membership interest in Tenant (if Tenant is a partnership or limited liability companypartnership), at any time throughout the term of this Lease, shall be deemed to be an assignment of this Lease. Notwithstanding anything to the contrary contained herein, Tenant may assign this lease to an affiliate, subsidiary, parent company with the same financial strength or Northwestern Mutual Life Insurance Company (each a “Permitted Transferee”) without the prior consent of, but upon prior written notice (including, as applicable, financial statements and other documentation of affiliation) to, Landlord.

Appears in 1 contract

Samples: Sublease Agreement (Cumberland Pharmaceuticals Inc)

Sublease or Assignment by Tenant. a. The Tenant shall not, without the Landlord’s prior written consent, consent and which consent shall not be unreasonably withheld, conditioned or delayed by Landlord, (i) assign, convey, mortgage, pledge, encumber, or otherwise transfer (whether voluntarily, by operation of law, or otherwise) this Lease or any interest hereunder; (ii) allow any lien to be placed upon Tenant’s interest hereunder; (iii) sublet the Premises or any part thereof; or (iv) permit the use or occupancy of the Premises or any part thereof by anyone other than Tenant or Tenant’s subsidiaries. Any attempt to consummate any of the foregoing without Landlord’s consent shall be void and of no force or effect. For purposes hereof, the transfer of the ownership or voting rights in a controlling interest of the voting stock of Tenant (if Tenant is a corporation) or the transfer of a general partnership interest or a majority of the limited partnership or membership interest in Tenant (if Tenant is a partnership or limited liability company), at any time throughout the term of this Lease, shall be deemed to be an assignment of this Lease.

Appears in 1 contract

Samples: Triple Net Office Lease Agreement (Franklin Financial Network Inc.)

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