Common use of Tenant’s Application Clause in Contracts

Tenant’s Application. Except for any permitted transfer hereunder, if Tenant desires at any time to transfer this Lease or to sublet the Premises or any portion thereof, tenant shall submit to Landlord at least thirty (30) days prior to the proposed effective date of the transfer or sublease (“Proposed Effective Date”), in writing: (a) A notice of intent to transfer or sublease, setting forth the Proposed Effective Date, which shall be no less than thirty (30) days nor more than ninety (90) days after such the sending of such notice; (b) The name of the proposed transferee or subtenant; (c) The nature of the proposed transferees or subtenant’s business to be carried on in the Premises; (d) The terms and provisions of the proposed transfer or sublease; (e) Such information as Landlord may reasonably request concerning the proposed transferee or subtenant, including recent financial statements and bank references; (f) Evidence satisfactory to Landlord that the proposed transferee (if the transfer involves a transfer of possession) will immediately occupy and thereafter use the affected portion of the Premises for the entire term of the transfer or sublease agreement; and (g) Together with the required written application, Tenant shall pay to Landlord a nonrefundable sublease or assignment review fee in the amount of Five Hundred Dollars ($500.00). Approval of Tenant’s application for transfer of this Lease or sublet of the Premises shall be in the reasonable discretion of the Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. The consent by Landlord to an assignment or subletting shall not be construed to relieve Tenant from obtaining Landlord’s consent to any further assignment or subletting.

Appears in 2 contracts

Sources: Lease Agreement (GolfSuites 1, Inc.), Lease Agreement (GolfSuites 3, Inc.)

Tenant’s Application. Except for any permitted transfer hereunder, if In the event Tenant desires at any time to transfer assign this Lease or to sublet the Premises demised premises, or any portion thereof, tenant Tenant shall submit give written notice to Landlord at least thirty (30) days prior to of its intention, requesting the proposed effective date of the transfer or sublease (“Proposed Effective Date”), in writing: (a) A Landlords consent thereto. Such written notice of intent to transfer or sublease, setting forth the Proposed Effective Date, which shall be submitted to Landlord no less than thirty (30) days nor more than ninety (90) days after such and no less than sixty (60) days prior to the sending effective date of such notice; proposed assignment, and shall contain the following information; (a) a notice of intention to assign the Lease or sublet the demised premises, requesting Landlords consent thereto; (b) The the proposed effective date of the proposed assignment; (c) the name of the proposed transferee or subtenant; Assignee; (cd) The the nature of the proposed transferees or subtenant’s business to be carried on in out upon the Premises; demised premises by the proposed Assignee; (de) The the terms and provisions of the proposed transfer or sublease; (e) Such information as Landlord may reasonably request concerning the proposed transferee or subtenant, including recent financial statements and bank references; assignment; (f) Evidence satisfactory to Landlord that a copy of the proposed transferee (assignment or, if the transfer involves a transfer same is not available, the letter of possession) will immediately occupy and thereafter use the affected portion commitment or letter of the Premises for the entire term of the transfer or sublease agreementintent; and (g) Together with a current, audited financial statement of the required written applicationproposed assignee; and (h) such other information Landlord may request, Tenant shall pay Landlord may at any time within thirty (30) days after its receipt of such notice of a proposed assignment, approve or disapprove of such proposed Assignment in writing to Landlord a nonrefundable sublease Tenant, or assignment review fee in the amount of Five Hundred Dollars ($500.00). Approval of Tenant’s application for transfer of elect to terminate this Lease or sublet of as provided in Section 26.9 below, if Landlord consents to the Premises shall be proposed assignment in the reasonable discretion of the Landlordwriting, which consent so long as Tenant shall not be unreasonably withheldin breach or default of any of its obligations under this Lease, conditioned or delayedTenant may enter into the assignment in accordance with the terms and conditions contained in Tenant's notice. The consent by If Landlord fails to an assignment or subletting shall not be construed exercise its right to relieve Tenant from obtaining Landlord’s consent to any further or disapprove of the proposed assignment or sublettingwithin such thirty (30) day period, Landlord shall be deemed to have disapproved such proposed assignment.

Appears in 1 contract

Sources: Lease Agreement (Meganet Corp)

Tenant’s Application. Except for any permitted transfer hereunder, if If Tenant desires at any time to transfer assign this Lease (which assignment shall in no event be for less than its entire interest in this Lease) or to sublet the Premises or any portion thereof, tenant Tenant shall submit to Landlord at least thirty twenty (3020) days prior to the proposed effective date of the transfer or sublease transaction ("Proposed Effective Date"), in writing: (a) A , a notice of intent to transfer assign or sublease, setting forth forth: (i) the Proposed Effective Date, which shall be no less than thirty (30) days nor more than ninety (90) days after such the sending of such notice; ; (bii) The the name of the proposed transferee subtenant or subtenant; assignee; (ciii) The the nature of the proposed transferees subtenant's or subtenant’s assignee's business to be carried on in the Premises; ; and (div) The a description of the terms and provisions of the proposed transfer sublease or sublease; assignment, including a calculation of all amounts payable to Landlord pursuant for the term of Section 28.7, below. Such notice shall be accompanied by (ea) Such such financial information as Landlord may reasonably request concerning the proposed transferee subtenant or subtenantassignee, including recent financial statements and bank references; ; (fb) Evidence evidence satisfactory to Landlord (such as a written statement from Tenant affirming that the proposed transferee (if will be occupying the transfer involves a transfer affected portion of possessionthe Premises) that the proposed subtenant or assignee will immediately occupy and thereafter use the affected portion of the Premises for the entire term of the transfer sublease or sublease assignment agreement; and (gc) Together with a conformed or photostatic copy of the proposed sublease or assignment agreement; (d) any fee required written applicationunder Section 28.9 and (e) an executed estoppel certificate from Tenant in the form attached hereto as Exhibit E. During the time that Landlord has in which to exercise the options available to Landlord upon the giving of such notice, as hereinafter described, Tenant shall pay to Landlord a nonrefundable sublease not sublet all or assignment review fee in the amount of Five Hundred Dollars ($500.00). Approval of Tenant’s application for transfer of this Lease or sublet any part of the Premises shall be in the reasonable discretion nor assign all or any part of the Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. The consent by Landlord to an assignment or subletting shall not be construed to relieve Tenant from obtaining Landlord’s consent to any further assignment or sublettingthis Lease.

Appears in 1 contract

Sources: Office Lease (Activision Inc /Ny)