Common use of TENANT ASSIGNMENT Clause in Contracts

TENANT ASSIGNMENT. Tenant shall not assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise (including without limitation by transfer of a majority interest of stock, merger, or dissolution, which transfer of majority interest of stock, merger or dissolution shall be deemed an assignment) or mortgage or pledge the same, or sublet the Premises, in whole or in part, without the prior written consent of Landlord, which consent shall not be unreasonably withheld, and in no event shall said such assignment or sublease ever release Tenant or any guarantor from of sublease any option or right of first refusal granted to Tenant shall not be assignable by Tenant to any assignee or sublessee. No assignee or sublessee of the Premises or any portion there may assign or sublet the Premises or any portion thereof. Notwithstanding the above, Landlord hereby consents to an assignment of this Lease to intranet Solutions, Inc. upon finalization of the merger between intranet Integration Group, Inc. and MacGregor Sports & Fitness, Inc.

TENANT ASSIGNMENT. Tenant shall not assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise (including without limitation by transfer of a majority interest of stock, merger, or dissolution, which transfer of majority interest of stock, merger or dissolution shall be deemed an assignment) or mortgage or pledge the same, or sublet the Premises, in whole or in part, without the prior written consent of Landlord, which consent shall not be unreasonably withheldwithheld or delayed, and in no event shall said such assignment or sublease ever release Tenant or any guarantor from any obligation or liability hereunder. Notwithstanding anything in this Lease to the contrary, in the event of sublease any assignment or sublease, any option or right of first refusal granted to Tenant shall not be assignable by Tenant to any assignee or sublesseesubleasee. No assignee or sublessee subleasee of the Premises or any portion there thereof may assign or sublet the Premises or any portion thereof. Notwithstanding the aboveforegoing, Landlord hereby consents Tenant shall have the right to an assignment of this Lease assign or sublet the Premises without without Landlord’s consent to intranet Solutions, Inc. upon finalization any of the following (a “Permitted Transferee”): (i) any successor corporation or other entity resulting from the merger between intranet Integration Groupor consolidation of Tenant; (ii) any entity that which controls, Inc. and MacGregor Sports & Fitnessis controlled by, Inc.or is under common control with Tenant; or, (iii) any purchaser of all or substantially all of Tenant’s assets.

TENANT ASSIGNMENT. Tenant shall not assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise (including without limitation by transfer of a majority interest of stock, merger, or dissolution, which transfer of majority interest of stock, merger or dissolution shall be deemed an assignment) or mortgage or pledge the same, or sublet the Premises, in whole or in part, without the prior written consent of Landlord, which consent shall not be unreasonably withheld, and in no event shall said say such assignment or sublease ever release Tenant or any guarantor from any obligation or liability hereunder. Notwithstanding anything in this Lease to the contrary, in the event of sublease any assignment or sublease, any option or right of first refusal granted to Tenant shall not be assignable by Tenant to any assignee or sublessee. No assignee or sublessee of the Premises or any portion there thereof may assign or further sublet the Premises or any portion thereof. Notwithstanding the abovethereto without Landlord’s prior written consent, Landlord hereby consents to an assignment of this Lease to intranet Solutions, Inc. upon finalization of the merger between intranet Integration Group, Inc. and MacGregor Sports & Fitness, Inc.which consent shall not be unreasonably withheld.

TENANT ASSIGNMENT. Tenant shall not assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise (including without limitation by transfer of a majority interest of stock, merger, or dissolution, which transfer of majority interest of stock, merger or dissolution shall be deemed an assignment) or mortgage or pledge the same, or sublet the Premises, in whole or in part, without the prior written consent of Landlord, which consent shall not be unreasonably withheld, withheld or delayed and in no event shall said say such assignment or sublease ever release Tenant or any guarantor from any obligation or liability hereunder. Notwithstanding anything in this Lease to the contrary, in the event of sublease any assignment or sublease, any option or right of first refusal granted to Tenant shall not be assignable by Tenant to any assignee or sublessee. No assignee or sublessee of the Premises or any portion there thereof may assign or sublet the Premises or any portion thereof. Notwithstanding the above, Landlord hereby consents to an assignment of this Lease to intranet Solutions, Inc. upon finalization of the merger between intranet Integration Group, Inc. and MacGregor Sports & Fitness, Inc..

TENANT ASSIGNMENT. Tenant shall not have the right to assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise (including without limitation by transfer of a majority interest of stock, merger, or dissolution, which transfer of majority interest of stock, merger merger, or dissolution shall be deemed an assignment) or mortgage or pledge the same, or sublet the Premises, in whole or in part, without the prior written consent of Landlord, which consent shall not be unreasonably withheldexcept as provided below, and in no event shall said any such assignment or sublease ever release Tenant or any guarantor from any obligation or liability hereunder, except as provided in Section 9.4 of this Lease. Specifically and not by way of limitation, Tenant may sublet any portion of the Premises at any time during the Initial Term without the consent of Landlord, such that the provisions of Section 9.3 shall not apply to a sublease of the Premsies. Notwithstanding anything in this Lease to the contrary, in the event of any assignment or sublease, any option or right of first refusal granted to Tenant shall not be assignable assigned by Tenant to any assignee or sublessee. No assignee or sublessee of the Premises or any portion there thereof may assign or sublet the Premises or any portion thereof. Notwithstanding Only the above, Landlord hereby consents to an assignment balance of the Initial Term of this Lease to intranet Solutions, Inc. upon finalization of the merger between intranet Integration Group, Inc. and MacGregor Sports & Fitness, Inc.shall be assigned or sublet by Tenant. The Renewal Terms shall not be assigned or sublet by Tenant.