Common use of Permitted Transfer Clause in Contracts

Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, to a corporation of which Tenant is a wholly-owned subsidiary, or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporation; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. Tenant shall not thereby be released from liability under this Lease.

Appears in 4 contracts

Samples: Lease Agreement (World Wide Magic Net Inc), Lease Agreement (World Wide Magic Net Inc), Lease Agreement (World Wide Magic Net Inc)

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Permitted Transfer. No Landlord consents to consent shall be necessary in the case of an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. , Tenant shall not thereby be released from liability remain liable under the terms of this Lease, and the resulting or surviving entity has a net worth at the time of such assignment, equal to or in excess of Tenant’s.

Appears in 2 contracts

Samples: Solar Lease and Easement Agreement, Lease Agreement (Capstone Financial Group, Inc.)

Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. sublease and that Tenant shall is not thereby be released from liability under this the Lease.

Appears in 2 contracts

Samples: Office Lease (Vanguard Airlines Inc \De\), Office Lease (Eloquent Inc)

Permitted Transfer. Subject to Sections 9.5, 9.6 and 9.10, Landlord consents to an assignment of this Lease Lease, or sublease of all or part of the Premises Premises, to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporation; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. Tenant shall not thereby be released from liability under this Leaseconsolidated.

Appears in 2 contracts

Samples: Agreement (Go Daddy Group, Inc.), Office Lease (Go Daddy Group, Inc.)

Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that (a) Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. ; (b) Tenant shall is not thereby be released from liability under this Lease and (c) the assignee assumes in writing all of the obligations of Tenant under this Lease.

Appears in 2 contracts

Samples: Office Lease (International Cosmetics Marketing Co), Office Lease (Safescience Inc)

Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that (a) Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. ; (b) Tenant shall is not thereby be released from liability under the Lease and (c) the assignee assumes in writing all of the obligations of Tenant under this Lease.

Appears in 1 contract

Samples: Office Lease (Xcarenet Inc)

Permitted Transfer. No Landlord consents to consent shall be necessary in the case of an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. , Tenant shall not thereby be released from liability remain liable under the terms of this Lease, and the resulting or surviving entity has a net worth at the time of such assignment, equal to or in excess of Tenant's.

Appears in 1 contract

Samples: Lease Agreement (Gilman & Ciocia Inc)

Permitted Transfer. Landlord consents to an assignment of this Lease Lease, or sublease of all or part of the Premises Premises, to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. sublease and that Tenant shall is not thereby be released from liability under this the Lease.

Appears in 1 contract

Samples: Office Lease (P F Changs China Bistro Inc)

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Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that (a) Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. ; (b) Tenant shall is not thereby be released from liability under this Lease.

Appears in 1 contract

Samples: Office Lease (Accredited Home Lenders Holding Co)

Permitted Transfer. Subject to Sections 9.5, 9.6 and 9.10, Landlord consents to an assignment of this Lease Lease, or sublease of all or part of the Premises Premises, to a wholly-owned subsidiary of Tenant or affiliate of Tenant, or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporation; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. Tenant shall not thereby be released from liability under this Leaseconsolidated.

Appears in 1 contract

Samples: Office Lease (Ryland Group Inc)

Permitted Transfer. Landlord consents to an assignment of this Lease or sublease of all or part of the Premises to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or to a corporation which is a wholly-owned subsidiary of Tenant's parent corporationconsolidated; provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. sublease and that Tenant shall is not thereby be released from liability under this Leasethe lease.

Appears in 1 contract

Samples: Office Lease (Virage Logic Corp)

Permitted Transfer. Landlord consents to an assignment of this Lease Lease, or sublease of all or part of the Premises Premises, to a wholly-owned subsidiary of Tenant, Tenant or the parent of Tenant or to a any corporation of into or with which Tenant is a wholly-owned subsidiary, may be merged or consolidated or to a corporation which is a wholly-owned subsidiary any other corporate entity established by the current shareholder of Tenant's parent corporation; provided that the permitted assignee or sublessee has substantially the same net worth as Tenant had at the Commencement Date, provided that Tenant promptly provides Landlord with a fully executed copy of such assignment or sublease. sublease and that Tenant shall is not thereby be released from liability under this the Lease.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Scotts Liquid Gold Inc)

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