Void Transfers definition
Void Transfers. Any transfer without Landlord's consent, whether as a result of any act or omission of Tenant, or by operation of law or otherwise, shall not be binding upon Landlord, and shall confer no rights upon any third person. Any such unpermitted transfer shall, without notice or grace period of any kind, constitute a default by Tenant under this Lease. The acceptance by Landlord of the payment of rent following any transfer prohibited by this Article Eighteen shall not be deemed to be a consent by Landlord to any such transfer, an acceptance of the transferee as Tenant, a release of Tenant from the performance of any covenants herein contained, or a waiver by Landlord of any of its remedies under this Lease or at law, although amounts actually received shall be credited by Landlord against Tenant's rent obligations. Consent by Landlord to any one transfer shall not constitute a waiver of the requirement for consent to any other transfer. No reference in this Lease to assignees, concessionaires, subtenants or licensees shall be deemed to be a consent by Landlord to the occupancy of the demised premises by any such assignee, concessionaire, subtenant or licensee.
Examples of Void Transfers in a sentence
TRANSFER OF MEMBERSHIP INTERESTS; SUBSTITUTED MEMBERS 48 Section 9.1. Limitations on Transfer of Membership Interests 48 Section 9.2. Void Transfers 48 Section 9.3. Substituted Member 48 Section 9.4. Effect of Transfer 49 Section 9.5. Additional Transfer Restrictions 49 Section 9.6. Transfer Fees and Expenses 50 Section 9.7. Effective Date 50 Section 9.8. Acceptance of Prior Acts 50 ARTICLE X.