Common use of Assignments and Subletting Clause in Contracts

Assignments and Subletting. Tenant shall not, voluntarily or by operation of law, assign, transfer, or encumber its interest under this Lease or in the Premises nor sublease all or any part of the premises or allow any other person or entity (except Tenant's employees, agents and invitees) to occupy or use all or any part of the premises without the prior written consent of Landlord. Landlord's consent shall not be unreasonably withheld. Any such consent shall not release Tenant from liability hereunder, and a consent to one assignment, subletting, occupation or use shall not be deemed a consent to any subsequent assignment, subletting, occupation or use. Any such purported assignment, subletting, or permission to occupy or use without such consent from Landlord shall be void and shall, at the option of Landlord, constitute a default under this Lease. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or a part of the Premises as permitted by this Lease, and Landlord, as assignee and as attorney-in-fact for Tenant, or a receiver for Tenant appointed on Landlord's application, may collect such rent and apply it toward Tenant's obligations under this Lease; except that, until the occurrence of an act of default by Tenant, Tenant shall have the right to collect such rent.

Appears in 3 contracts

Samples: Lease Agreement (Infodata Systems Inc), Lease Agreement (Onsale Inc), Lease Agreement (Enact Health Management Systems)

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Assignments and Subletting. (a) Tenant shall not, voluntarily or by operation of law, assign, transfer, or encumber its interest under not assign this Lease or in any interest hereunder, and shall not sublet the Premises nor sublease all or any part of thereof, or any right or privilege appurtenant thereto, or suffer any person other than the premises or allow any other person or entity (except Tenant's employees, agents and invitees) employees of Tenant to occupy or use all the Premises, or any part of the premises portion thereof, without the prior written consent of Landlord. Landlord's , which consent shall not be unreasonably withheld. Any Tenant will reimburse Landlord for any reasonable, out-of-pocket legal fees or for any other expense incurred as a consequence of Tenant’s request for approval of such assignment or subletting. The consent shall not release Tenant from liability hereunder, and a consent of Landlord to one assignment, sublettingsubletting or occupation by any other person, occupation or use shall not be deemed to be a consent by Landlord to any subsequent assignment, subletting, subletting or occupation or useby another person. Any such purported assignment, subletting, assignment or permission to occupy or use subletting without such consent from Landlord shall be void and shall, at the option of Landlord, constitute a be deemed to be an event of default under the provisions of Paragraph 25 hereof. Neither this Lease. Tenant immediately and irrevocably assigns Lease nor any interest herein shall be assignable, as to the interest of Tenant, by operation of law, without the prior written consent of Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or a part of the Premises as permitted by this Lease, and Landlord, as assignee and as attorney-in-fact for Tenant, or a receiver for Tenant appointed on Landlord's application, may collect such rent and apply it toward Tenant's obligations under this Lease; except that, until the occurrence of an act of default by Tenantwhich consent shall not be unreasonably withheld. The foregoing notwithstanding, Tenant shall have the right be allowed to collect such rentassign, sublease or transfer this Lease without Landlord’s approval to a wholly owned subsidiary, affiliate, or related company.

Appears in 2 contracts

Samples: Office Lease (Marrone Bio Innovations Inc), Office Lease (Marrone Bio Innovations Inc)

Assignments and Subletting. Tenant shall not, voluntarily or by operation of law, assign, transfer, transfer or encumber its interest under this Lease or in the Premises nor sublease all or any part of the premises or allow any other person or entity (except Tenant's employees, agents and invitees) to occupy or use all or any part of the premises without the prior written consent of Landlord. Landlord's consent If the assignment or subletting is at a higher rent than Tenant is paying Landlord for the assigned or sublet portion of the Premises then the Tenant shall not pay Landlord seventy-five (75%) of the difference as received. All costs of assigning or subletting shall be unreasonably withheldborne by Tenant. Any such consent by Landlord shall not release Tenant from liability hereunder, and a consent to one assignment, subletting, occupation or use shall not be deemed a consent to any subsequent assignment, subletting, occupation or use. Any such purported assignment, subletting, subletting or permission to occupy or use without such consent from Landlord shall be void and shall, at the option of Landlord, constitute a default under this Lease. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or a part of the Premises as permitted by this Lease, and Landlord, as assignee and as attorney-in-fact for Tenant, or a receiver for Tenant appointed on Landlord's application, may collect such rent and apply it toward Tenant's obligations under this Lease; except that, until the occurrence of an act of default by Tenant, Tenant shall have the right to collect such rent.

Appears in 1 contract

Samples: Lease Agreement (Verisity LTD)

Assignments and Subletting. Tenant shall not, voluntarily or by operation of law, assign, transfer, or encumber its interest under this Lease or in the Premises nor sublease all or any part of the premises or allow any other person or entity (except Tenant's employees, agents and invitees) to occupy or use all or any part of the premises without the prior written consent of Landlord. Landlord's consent If the assignment or subletting is at a higher rent than Tenant is paying Landlord for the assigned or sublet portion of the Premises then the Tenant shall not pay Landlord seventy-five (75%) of the difference as received. All costs of assigning or subletting shall be unreasonably withheldborne by Tenant. Any such consent by Landlord shall not release Tenant from liability hereunder, and a consent to one assignment, subletting, occupation or use shall not be deemed a consent to any subsequent assignment, subletting, occupation or use. Any such purported assignment, subletting, or permission to occupy or use without such consent from Landlord shall be void and shall, at the option of Landlord, constitute a default under this Lease. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or a part of the Premises as permitted by this Lease, and Landlord, as assignee and as attorney-in-fact for Tenant, or a receiver for Tenant appointed on Landlord's application, may collect such rent and apply it toward Tenant's obligations under this Lease; except that, until the occurrence of an act of default by Tenant, Tenant shall have the right to collect such rent.

Appears in 1 contract

Samples: Lease Agreement (Intellicorp Inc)

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Assignments and Subletting. Tenant shall not, voluntarily or by operation of law, assign, transfer, transfer or encumber its interest under this Lease or in the Premises nor sublease all or any part of the premises or allow any other person or entity (except Tenant's employees, agents and invitees) to occupy or use all or any part of the premises without the prior written consent of Landlord. Landlord's consent If the assignment or subletting is at a higher rent than Tenant is paying Landlord for the assigned or sublet portion of the Premises then the Tenant shall not pay Landlord seventy-five (75% of the difference as received. All costs of assigning or subletting shall be unreasonably withheldborne by Tenant. Any such consent by Landlord shall not release Tenant from liability hereunder, and a consent to one assignment, subletting, occupation or use shall not be deemed a consent to any subsequent assignment, subletting, occupation or use. Any such purported assignment, subletting, or permission to occupy or use without such consent from Landlord shall be void and shall, at the option of Landlord, constitute a default under this Lease. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or a part of the Premises as permitted by this Lease, and Landlord, as assignee and as attorney-in-fact for Tenant, or a receiver for Tenant appointed on Landlord's application, may collect such rent and apply it toward Tenant's obligations under this Lease; except that, until the occurrence of an act of default by Tenant, Tenant shall have the right to collect such rent.

Appears in 1 contract

Samples: Lease Agreement (Verisity LTD)

Assignments and Subletting. Tenant shall not, voluntarily or by operation of law, assign, transfer, or encumber its interest under this Lease or in the Premises nor sublease all or any part of the premises or allow any other person or entity (except Tenant's employees, agents agents and invitees) to occupy or use all or any part of the premises without the prior written consent of Landlord. LandlordXxxxxxxx's consent shall not be unreasonably withheld. Any such consent shall not release Tenant from liability hereunder, and a consent to one assignment, subletting, occupation or use shall not be deemed a consent to any subsequent assignment, subletting, occupation or use. Any such purported assignment, subletting, or permission to occupy or use without such consent from Landlord shall be void and shall, at the option of Landlord, constitute a default under this Lease. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or a part of the Premises as permitted by this Lease, and Landlord, as assignee and as attorney-in-fact for Tenant, or a receiver for Tenant appointed on Landlord's application, may collect such rent and apply it toward Tenant's obligations under this Lease; except that, until the occurrence of an act of default by Tenant, Tenant shall have the right to collect such rent.

Appears in 1 contract

Samples: Lease Agreement (Onsale Inc)

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