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. (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. Tenant will not assign this Lease or sublease all or any part of the Leased Premises without Landlord’s prior written consent, excluding wholly owned subsidiaries 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. Tenant shall have the right to assign this Lease or sublease without consent to successors or purchasers of the assets or stock of the Tenant. Fifty percent (50%) 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, provided this provision is not applicable to an assignment to a successor or purchaser of the assets or stock of Tenant. 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. 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. 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. (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. (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 may not, voluntarily or involuntarily, by operation of law or otherwise, assign, mortgage, pledge or otherwise transfer or encumber this Lease or any interest therein, or sublease the whole or any part of the Premises, without the prior written consent of Landlord. Any merger, consolidation, reorganization, liquidation or dissolution of Tenant, or any change in ownership of the shares of voting stock or other ownership interests in Tenant which results in a change of either the effective voting control or the majority ownership of Tenant from that existing on the date of this Lease or from that hereafter consented to by Landlord, shall constitute an assignment of this Lease, and shall require the prior written consent of Landlord.
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.
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 Landlord shall not unreasonably withhold. Notwithstanding the foregoing, as an alternative to granting consent to a proposed sublease or assignment, Landlord shall have the right, in its sole discretion, to elect: (i) if Tenant desires to sublet (in the aggregate) more than fifty percent (50%) of the Premises, to sublet from Tenant the portion of the Premises proposed by Tenant to be sublet upon the same terms as the proposed sublet (but in no event shall the rental rate thereunder be greater than the rental rate hereunder); or (ii) if Tenant desires to assign this Lease (other than pursuant to Section 16.01.C hereof), to terminate this Lease as of the proposed effective date of the assignment. 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 particular assignment or sublease pursuant to this Article XVI shall not constitute consent to any other assignment or sublease.
