Assignment or Sublease by Tenant. Except as expressly permitted herein, TENANT shall not, without the prior written approval of LESSOR, assign or in any manner transfer this lease, permit any assignment of this Lease by operation of law or otherwise, or sublet the Leased Premises or any part thereof. For purposes of this Lease, the sale or transfer of fifty percent (50%) or more of the stock, assets, or business of Lessee shall constitute an assignment requiring prior written consent of LESSOR. In the event TENANT should desire to assign this Lease or sublet the Leased Premises or any part thereof, TENANT shall give LESSOR written notice of such desire at least sixty (60) days in advance of the date on which TENANT desires to make such assignment or sublease. LESSOR shall then notify TENANT in writing of its approval or disapproval of said assignment or sublease. No assignment or subletting by TENANT shall relieve TENANT of any obligation under this Lease. TENANT will not mortgage, pledge, or hypothecate its leasehold interest or grant any concession or license within the Leased Premises without the prior written consent of LESSOR and any attempt to do any of the foregoing without the LESSOR’s consent will be void. Consent to or approval by LESSOR of any assignment, sublease, mortgage, pledge or hypothecation of TENANTs leasehold interest or of any concession or license shall not destroy or result in a waiver of LESSOR’s rights under this paragraph, and all other subleases, assignments, mortgages, pledges, hypothecations, concessions or licenses shall likewise be made only upon prior written consent or approval of LESSOR. The expiration or earlier termination of this Lease, may, at LESSOR’s option, terminate all or any existing subleases, subtenancies, concessions or licenses, or may operate as an assignment to LESSOR of any or all such subleases, subtenancies, concessions or licenses.
Assignment or Sublease by Tenant. Tenant will not assign this Lease or sublease all or any part of the Leased Premises without Landlord’s prior written consent, excluding affiliates of the Tenant, which will not be unreasonably withheld, it being understood and agreed however it will not be unreasonable for Landlord to withhold its consent if the reputation, financial responsibility, or business of a proposed assignee or subtenant is unsatisfactory to Landlord. One half of any sum received by Tenant as a result of such subletting or assignment which exceeds the total sums Tenant is obligated to pay Landlord under this Lease will be payable to Landlord as additional rent. The consent by Landlord to sublet or assignment will not constitute consent to any further sublease or assignment. Any sublessee or assignee must agree to be bound by all of the terms and provisions of this Lease. In addition, any permitted assignment or subleasing will not relieve Tenant from its liability under the terms and conditions of this Lease. Tenant will give Landlord a copy of the sublease, both prior to, and upon execution thereof.
Assignment or Sublease by Tenant. (a) Tenant shall not assign this Lease, sublet all or any part of the Premises or allow the Premises to be used or occupied by others (any such event being referred to herein as a (“Transfer”), or mortgage or otherwise encumber its leasehold estate under this Lease or its property within the Premises, without Landlord’s prior written consent, which shall not be unreasonably withheld or delayed subject to Section 9.1 (c) below.
Assignment or Sublease by Tenant. (a) Tenant may assign this Lease or sublet the Premises or any part thereof to an Affiliate of Tenant without the prior consent of Landlord; provided, however, that Tenant shall promptly notify Landlord of any such assignment or subletting, and with respect to any assignment of this Lease, shall deliver a written assumption in favor of Landlord of the duties, obligations and liabilities of Tenant hereunder by such Affiliate. "
Assignment or Sublease by Tenant. 8.1.1 Except as hereinafter expressly provided, if Tenant desires to assign this Lease or sublet the Leased Premises or any part thereof (subletting, for the purposes hereof, includes the granting of concessions or licenses for the occupancy thereof), Tenant may do so, subject to the following:
Assignment or Sublease by Tenant. Tenant may not voluntarily or by operation of law, assign or transfer this Lease, or sublease the whole or any part of the Leased Premises, without the prior written consent of Landlord, which consent is not to be unreasonably withheld. In either case, Landlord agrees to consent to an assignment or transfer to a credit worthy party who will conduct a business appropriate for the Demised Premises, but such consent shall not operate as a release of Tenant.
Assignment or Sublease by Tenant. (a) Tenant shall not assign this Lease, sublet all or any part of the Premises or allow the Premises to be used or occupied by others (any such event being referred to herein as a “Transfer”), or mortgage or otherwise encumber its leasehold estate under this Lease or its property within the Premises, without Landlord’s prior written consent, such approval not to be unreasonably withheld, conditioned or delayed.
Assignment or Sublease by Tenant. A. Tenant shall not sublet the Premises (or any portion thereof) or assign this Lease (or any interest herein), nor shall any assignment or sublease occur by operation of law, without the prior written consent of Landlord, which consent shall be given within ten (10) business days of Landlord’s receipt of Tenant’s written notification and which shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing as an alternative to granting consent to either (i) a proposed sublease of all (but not less than all) of the Premises for the balance of the terms of the Lease or (ii) an assignment of the Lease for the balance of the terms of the Lease; Landlord shall have the right, in its sole discretion, to elect: (a) to sublet from Tenant the Premises upon the same terms as the proposed sublet; or (b) to terminate this Lease as of the proposed effective date of the assignment or sublease. In no event, however, shall Tenant be permitted to sublease the Premises or assign this Lease if Tenant is then in Default under this Lease. In the event of any assignment or sublease pursuant to the terms of this Article XVI, Tenant shall remain liable for all of its obligations under this Lease, including, but not limited to, payment of Rent. Landlord’s consent to a particular assignment or sublease pursuant to this Article XVI shall not constitute consent to any other assignment or sublease.
Assignment or Sublease by Tenant. Tenant may not, voluntarily or by operation of law, assign or transfer this Lease, or sublease the whole or any part of the leased premises, or allow the whole or any part of the leased premises to be used or occupied by any other person or entity, without the prior written consent or Lessor. If Tenant is a corporation, then any transfer of this Lease by merger, consolidation or liquidation, or any change in ownership of the shares of voting stock so as to result in a change of the present effective voting control of Tenant by the person, persons and/or entity owning a majority of said shares on the date of this Lease, shall constitute an assignment of this Lease, and, as such, shall require the prior written consent of Lessor. The prior written consent of Lessor shall not be withheld unreasonably, but only if all of the following conditions are met: (a) proposed assignee or sublessee is financially responsible; (b) Tenant and any guarantors obligations pursuant to the Lease; (c) the minimum guaranteed annual rent, effective as of the effective date of such assignment or subleasing, shall become forthwith the greater of the following: the minimum guaranteed annual rent then applicable, or an amount equal to the average of the rent, including percentage rent, payable for the last two (2) lease years (or shorter period, if so required) immediately prior to the lease year of the proposed assigning or subleasing; and (d) the use of the leased premises remains the same as set forth on the Data Sheet, and does not conflict with an exclusive that Lessor might have granted since the date of this Lease. The foregoing to the contrary notwithstanding, Lessor shall have a period of sixty (60) days after notice by Tenant of the proposed assigning or subleasing to elect to terminate and cancel this Lease without further liability to Tenant.
Assignment or Sublease by Tenant a) Tenant shall not assign or in any manner transfer this Lease or any interest therein nor sublet the Leased Premises or any part or parts thereof, nor permit occupancy by anyone without the prior written consent of Landlord. Consent by Landlord to one or more assignments of this Lease or to one or more sublettings of the Leased Premises shall not operate as a waiver of Landlord's rights under this Article. No assignment or subletting shall release Tenant of any of its obligations under this Lease or be construed or taken as a waiver of any of Landlord's rights hereunder. The acceptance of rent from someone other than Tenant shall not be deemed to be a waiver of any of the provisions of this Lease or consent to any assignment or subletting of the Leased Premises. Landlord shall have the right to terminate this Lease in the event of Tenant’s failure to comply with the terms of this Article.
