Common use of Transfer of Tenants Interest Clause in Contracts

Transfer of Tenants Interest. Tenant shall have the right at any time and from time to time to assign or otherwise transfer all or any part of Tenant's interest in this Lease and to sublet the Premises, or any part thereof, provided that: (a) any assignment or subletting shall provide that the assignee or sublessee assumes and agrees to carry out and perform all of the terms and conditions of this Lease on the part of Tenant to be carried out and performed; (b) an executed copy of the assignment or subletting shall be delivered to Landlord; (c) the proposed use is consistent with the provisions of this Lease governing such matters; and (d) in the reasonable opinion of Landlord, the proposed new tenant has the financial strength to support the obligations imposed by the Lease. Upon any assignment of Tenant's entire interest in this Lease, Tenant shall be released from any further liability with respect thereto upon the written consent of Landlord, which consent Landlord agrees not unreasonably to withhold. Landlord's consent shall be deemed to have been given if within thirty (30) days of notice of assignment to Landlord, Landlord fails to object to the new tenant by written notice to Tenant, stating in detail the reasons for such objection. Notwithstanding the foregoing, Tenant shall have the right at any time and from time to time without notice to Landlord to assign or otherwise transfer all or any part of Tenant's interest in this Lease to sublet the Premises, or any part thereof, to any entity that is affiliated with Tenant.

Appears in 2 contracts

Samples: Sample Lease, Sample Lease

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Transfer of Tenants Interest. Tenant shall have the right at any time and from time to time to assign or otherwise transfer all or any part of Tenant's interest in this Lease and to sublet the Premises, or any part thereof, provided that: (a) any assignment or subletting shall provide that the assignee or sublessee assumes and agrees to carry out and perform all of the terms and conditions of this Lease on the part of Tenant to be carried out and performed; (b) an executed copy of the assignment or subletting shall be delivered to Landlord; (c) the proposed use is consistent with the provisions of this Lease governing such matters; and (d) in the reasonable opinion of Landlord, the proposed new tenant has the financial strength to support the obligations imposed by the Lease. Upon any assignment of TenantXxxxxx's entire interest in this Lease, Tenant shall be released from any further liability with respect thereto upon the written consent of Landlord, which consent Landlord Xxxxxxxx agrees not unreasonably to withhold. LandlordXxxxxxxx's consent shall be deemed to have been given if within thirty (30) days of notice of assignment to Landlord, Landlord fails to object to the new tenant by written notice to Tenant, stating in detail the reasons for such objection. Notwithstanding the foregoing, Tenant shall have the right at any time and from time to time without notice to Landlord to assign or otherwise transfer all or any part of Tenant's interest in this Lease to sublet the Premises, or any part thereof, to any entity that is affiliated with Tenant.

Appears in 1 contract

Samples: Sample Lease

Transfer of Tenants Interest. Tenant shall have the right at any time and from time to time to will not assign or otherwise transfer all this Lease or any part of Tenant's interest in this Lease and to sublet without the Premises, or any part thereof, provided that: (a) any assignment or subletting shall provide that the assignee or sublessee assumes and agrees to carry out and perform all of the terms and conditions of this Lease on the part of Tenant to be carried out and performed; (b) an executed copy of the assignment or subletting shall be delivered to Landlord; (c) the proposed use is consistent with the provisions of this Lease governing such matters; and (d) in the reasonable opinion of Landlord, the proposed new tenant has the financial strength to support the obligations imposed by the Lease. Upon any assignment of Tenant's entire interest in this Lease, Tenant shall be released from any further liability with respect thereto upon the prior written consent of Landlord, which consent may be withheld in its reasonable discretion. At the Landlord’s option, any attempted transfer without said prior written approval shall be void, ab initio, shall be of no force and effect, and shall confer no rights on or in favor of third parties, provided that the Landlord agrees not unreasonably may, at its option, collect rent from any such transferee and apply the net amount collected to withhold. Landlord's consent Rent due from Tenant hereunder, but no such collection shall be deemed a waiver of such violation, or the acceptance of such transferee as a tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant set forth in this Lease. Tenant shall give written notice to have been given if Landlord of the name and address of any proposed assignee and any other information reasonably requested by Landlord regarding such proposed assignee and any documents of assignment as Landlord may reasonably request. Landlord shall, within thirty (30) days from the date of notice receipt from Tenant of assignment to Landlordsuch notice, Landlord fails to object to the new tenant by written give notice to Tenant of Landlord’s approval or disapproval of such proposed assignment. Where Landlord has given such approval to Tenant to transfer Tenant, stating in detail the reasons for such objection. Notwithstanding the foregoing, Tenant shall have the right at any time and from time to time without notice to Landlord to assign or otherwise transfer all or any part of Tenant's ’s interest in this Lease to sublet the PremisesLease, or any part thereof, to any entity that is affiliated such transfer shall be effective upon compliance with Tenant.the following conditions:

Appears in 1 contract

Samples: Ground Lease

Transfer of Tenants Interest. Tenant shall have the right at any time and from time to time to will not assign or otherwise transfer all this Lease or any part of Tenant's interest in this Lease and to sublet without the Premises, or any part thereof, provided that: (a) any assignment or subletting shall provide that the assignee or sublessee assumes and agrees to carry out and perform all of the terms and conditions of this Lease on the part of Tenant to be carried out and performed; (b) an executed copy of the assignment or subletting shall be delivered to Landlord; (c) the proposed use is consistent with the provisions of this Lease governing such matters; and (d) in the reasonable opinion of Landlord, the proposed new tenant has the financial strength to support the obligations imposed by the Lease. Upon any assignment of Tenant's entire interest in this Lease, Tenant shall be released from any further liability with respect thereto upon the prior written consent of Landlord, which consent may be withheld in its reasonable discretion. At the Landlord’s option, any attempted transfer without said prior written approval shall be void, ab initio, shall be of no force and effect, and shall confer no rights on or in favor of third parties, provided that the Landlord agrees not unreasonably may, at its option, collect rent from any such transferee and apply the net amount collected to withhold. Landlord's consent Rent due from Tenant hereunder, but no such collection shall be deemed a waiver of such violation, or the acceptance of such transferee as a tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant set forth in this Lease. Tenant shall give written notice to have been given if Landlord of the name and address of any proposed assignee and any other information reasonably requested by Landlord regarding such proposed assignee and any documents of assignment as Landlord may reasonably request. Landlord shall, within thirty (30) days from the date of notice receipt from Tenant of assignment to Landlordsuch notice, Landlord fails to object to the new tenant by written give notice to Tenant, stating in detail the reasons for Tenant of Landlord’s approval or disapproval of such objectionproposed assignment. Notwithstanding the foregoing, Where Landlord has given such approval to Tenant shall have the right at any time and from time to time without notice to Landlord to assign or otherwise transfer all or any part of Tenant's Xxxxxx’s interest in this Lease to sublet the PremisesLease, or any part thereof, to any entity that is affiliated such transfer shall be effective upon compliance with Tenant.the following conditions:

Appears in 1 contract

Samples: Ground Lease

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Transfer of Tenants Interest. Tenant shall have the right at any time and from time to time to assign or otherwise transfer all or any part of Tenant's interest in this Lease and to sublet the Premises, or any part thereof, provided that: (a) any assignment or subletting shall provide that the assignee or sublessee assumes and agrees to carry out and perform all of the terms and conditions of this Lease on the part of Tenant to be carried out and performed; (b) an executed copy of the assignment or subletting shall be delivered to Landlord; (c) the proposed use is consistent with the Permitted Use provisions of this Lease governing such matters; and (d) Landlord has provided its written consent, which consent shall not be unreasonably withheld in the reasonable opinion of Landlord, and the proposed new tenant has the financial strength to support the obligations imposed by the Lease. Upon any assignment of Tenant's entire interest in this Lease, Tenant shall be released from any further liability with respect thereto upon the written consent of Landlord, which consent Landlord agrees shall not be unreasonably to withholdwithheld. Landlord's consent shall be deemed to have been given if within thirty (30) days of notice of assignment to Landlord, Landlord fails to object to the new tenant by written notice to Tenant, stating in detail the reasons for such objection. Notwithstanding the foregoing, Tenant shall have the right at any time and from time to time without notice to Landlord to assign or otherwise transfer all or any part of Tenant's interest in this Lease to sublet the Premises, or any part thereof, to any entity that is affiliated with Tenantunder the direct control of the Sonoma County Board of Supervisors.

Appears in 1 contract

Samples: Leasehold Improvement Agreement

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