Common use of Transfer is Assignment Clause in Contracts

Transfer is Assignment. If Tenant is a corporation or is an unincorporated association or partnership, the issuance of any additional stock and/or the sale, transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate in excess of twenty-five percent (25%) shall be deemed an Assignment hereunder. Tenant agrees to promptly pay as Additional Rent Landlord's reasonable costs and attorneys' fees, not to exceed One Thousand Dollars ($1,000.00) per occurrence, incurred in connection with the processing and documentation of any requested Assignment or Sublease.

Transfer is Assignment. If Tenant is a corporation or is an unincorporated association a limited liability company or partnership, the issuance of any additional stock and/or the sale, transfer, assignment or hypothecation of any stock or interest in such corporation, association LLC or partnership in the aggregate in excess of twenty-five percent (25%) shall be deemed an Assignment hereunder. Tenant agrees to promptly pay as Additional Rent Landlord's reasonable costs and attorneys' fees, not to exceed One Thousand Five Hundred Dollars ($1,000.00500.00) per occurrence, incurred in connection with the processing and documentation of any requested Assignment or Sublease.

Transfer is Assignment. If Tenant is a corporation or is an unincorporated association or partnership, the issuance of any additional stock and/or the sale, transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate in excess of twenty-five percent (25%) shall be deemed an Assignment hereunder. Tenant agrees to promptly pay as Additional Rent Landlord's ’s reasonable costs and attorneys' ’ fees, not to exceed One Thousand Dollars ($1,000.00) per occurrence, incurred in connection with the processing and documentation of any requested Assignment or Sublease.

Transfer is Assignment. If Tenant is a corporation or is an unincorporated association a limited liability company or partnership, the issuance of any additional stock and/or the sale, transfer, assignment or hypothecation of any stock or interest in such corporation, association LLC or partnership in the aggregate in excess of twenty-five percent (25%) shall be deemed an Assignment hereunder. Tenant agrees to promptly pay as Additional Rent Landlord's ’s reasonable costs and attorneys' ’ fees, not to exceed One Thousand Five Hundred Dollars ($1,000.00500.00) per occurrence, incurred in connection with the processing and documentation of any requested Assignment or Sublease.