Right to Assign or Sublease. Lessee has the right to assign or sublease the Leased Premises or any part of them to other state agencies or to qualified tenants for any remaining term of this Lease. Lessee shall notify Lessor immediately upon execution of any sublease or assignment, or at such other time as may be provided in this Lease. Lessee's obligation to pay the portion of the rent represented by the sublease or assignment shall cease upon the furnishing of such notice to Lessor.
Right to Assign or Sublease. Tenant will require the Right to Assign the Lease in its entirety or to sublease all or any portion of the Premises without the consent of the Landlord to (a) any entity resulting from a merger or consolidation with Tenant, or (b) any subsidiary or affiliate of Tenant. Upon such an assignment, the assigning Tenant shall be released of all liability under the Lease, as amended, provided that, in the event of an assignment described in clause (b) above, the assignee has financial strength equal to or greater than that of the assigning Tenant at the time of the assignment. Any other assignment or sublease would be made with the prior written consent of the Landlord whose consent shall not be unreasonably withheld or delayed.
Right to Assign or Sublease. Without Landlord's consent, Tenant may (i) assign this Lease in its entirety (including all extension rights, expansion rights and other rights provided herein) or (ii) Sublease all or any portion of the Premises, provided the assignee or sublessee (i) will use the space in question for general office and related purposes consistent with Section 7 above, (ii) is an affiliate of Tenant (including without limitation a parent corporation, subsidiary corporation, "brother-sister" corporation or affiliated partnership), an entity resulting from a merger or consolidation with Tenant or any affiliate of Tenant, an entity succeeding to the business and assets of Tenant, or an entity resulting from the reorganization of Tenant or its affiliates provided any such entity has a net worth equal to or greater than that of Tenant as of the Restatement Effective Date. In the event of such an Assignment or Sublease, and provided that the assignee or sublessee assumes in writing all of the obligations of Tenant under the Lease, Tenant shall be released of all obligations under the Lease. If any such assignee or sublessee under this Section has a net worth greater than Fifty Million Dollars ($50,000,000.00), but less than the net worth of the Tenant as of the execution date of this Lease, Tenant agrees to guarantee the performance of such assignee or sublessee under the Lease for a period of one (1) year after the effective date of the Assignment or Sublease as provided herein; provided further that no such Assignment or Sublease effective prior to October 1, 2010, shall release Tenant of its obligations under this Restated Lease.
Right to Assign or Sublease. Subject to the terms of this Section 62. A., Tenant shall, during the course of this Lease, have the right to assign or sublease any and all of the Leased Premises to new tenants approved in advance in writing by Landlord at Rental rates no less than the rates set forth in this Lease. If any portion of the Leased Premises is so assigned to a new tenant in accordance with the foregoing, Tenant shall be released from all liability and obligations under this Lease with respect to such space arising on or after the date of the release, except that Tenant shall be responsible for all expenses associated with tenant improvements and leasing commissions for any such new tenant. If any portion of the Leased Premises is subleased to a new tenant in accordance with the foregoing and the term of the sublease is coterminous with the term of this Lease, such sublease shall be assigned to Landlord and Landlord shall assume all obligations of lessor under such sublease arising on or after the date of the release, and Tenant shall be released from all liability and obligations under this Lease with respect to such subleased space arising on or after the date of the release, except that Tenant shall be responsible for all expenses associated with tenant improvements and leasing commissions for any such new tenant. In the event that prior to giving Landlord the notice contemplated by Section 62. B., and without having engaged any independent real estate agent and/or broker, Tenant has located and secured a party to whom it desires to assign or sublease any of the Leased Premises, it must so notify Landlord at least thirty (30) days in advance of the date on which Tenant desires to make such assignment or sublease. Tenant must provide Landlord with a copy of the proposed assignment or sublease and such information as Landlord might reasonably request concerning the proposed assignee or sublessee to allow Landlord to make informed judgments as to the financial condition, reputation and operations of such proposed assignee or sublessee. Within fifteen (15) days after Landlord’s receipt of notice of Tenant’s proposed assignment or sublease, Landlord must provide notice to Tenant of its approval or rejection of such assignment or sublease. Notwithstanding anything herein to the contrary, Landlord shall have the right to approve or disapprove, in its sole discretion, any proposed assignment or sublease and, additionally, Landlord may, as a condition to its approval for release of...
Right to Assign or Sublease. Lessee may assign or sublease the Lease Property only upon express written consent by Lessor, which shall not be unreasonably withheld, on the condition that any assignee or sub-lessee utilize the Lease Property for the purpose set forth herein.
Right to Assign or Sublease. Tenant shall have the right to assign the lease in its entirety, or to sublease all or any portion of the Premises to any related entity without the consent of the Landlord, assuming financial statements are equal to or better than the 2001 statement of the Tenant. It is understood that either the Tenant or the Tenant’s shareholders must have a majority interest in the subletting entity. Any other assignment or sublease shall not be made without the written consent of the Landlord, and such con-sent shall not be unreasonably withheld, delayed or conditioned. Regardless of a sub-lease, Tenant shall still be responsible for the Lease.
Right to Assign or Sublease. No consent shall be required for transactions with affiliates or for corporate restructuring (mergers, ----------------------- consolidations, etc.) provided Tenant notifies Landlord within thirty (30) days. All profits on any sublease or assignment transaction shall be shared 50% to Landlord and 50% to Tenant.
Right to Assign or Sublease. Sublessee shall have the right to assign this Sublease or sublease all or a portion of the Subleased Premises upon the receipt of Sublessor’s consent, which consent shall not be unreasonably withheld, conditioned or delayed except as provided in this Section 14.1. Sublessee shall advise Sublessor by notice of (i) Sublessee’s intent to assign this Sublease or sublease all or a portion of the Subleased Premises, (ii) the name of the proposed assignee or sublessee, and (iii) the terms of the proposed assignment or sublease. In addition, Sublessee shall provide Sublessor with the necessary financial information for the assignee. Sublessor shall, within fifteen (15) days of receipt of such notice, and any additional information requested by Sublessor concerning the proposed assignee’s or sublessee’s financial responsibility, elect to: (a) consent to such proposed assignment or sublease; or (b) refuse such consent, which refusal shall be on reasonable grounds.
Right to Assign or Sublease. Landlord and Tenant recognize and --------------------------- specifically agree that this Paragraph 12 is an economic provision, like Rent, and that the Landlord's right to recapture the Premises and/or share in any profits due to an assignment or sublease, was granted by Tenant to Landlord in consideration of certain other economic concessions granted by Landlord to Tenant. Only upon Landlord's prior written consent, which consent shall not be unreasonably withheld, delayed or conditioned and shall be granted only under the circumstances as provided in this Xxxxxxxxx 00, Xxxxxx may assign its interest in this Lease or in the Premises, or sublease all or any part of the Premises, or allow any other person or entity to occupy or use all or any part of the Premises. Any purported assignment or sublease without Landlord's prior written consent shall be voidable at the election of Landlord, and shall constitute an Event of Default (as defined in Paragraph 17.1 below). No consent to one assignment or sublease shall constitute a waiver of the provisions of this Paragraph 12, with respect to another assignment or sublease.
Right to Assign or Sublease. Subject to obtaining Landlord's and Tesseract's prior written consent, to the extent required by the terms of the Master Lease and the SIG Sublease, as the case may be, Sublessee shall have the right, with notice to Sublessor but without Sublessor's consent, to assign this Sublease or to sublease the Subleased Space to any entity controlled or under common control with Sublessee, or to a corporation with which Lessee has merged or consolidated, or to any corporation or other entity which acquires substantially all of Sublessee's assets as a going concern. Except as provided in the preceding sentence, Sublessee shall have no right to assign this Sublease or to further sublet all or any portion of the Subleased Space.
