Common use of SUBLETTING AND ASSIGNING Clause in Contracts

SUBLETTING AND ASSIGNING. (a) Tenant shall not assign this Lease or sublet all or any portion of the Demised Premises, whether voluntarily or by operation of law, without first obtaining Landlord's prior written consent thereto, which consent shall not be unreasonably withheld, conditioned or delayed Tenant acknowledges that it shall be reasonable for Landlord to withhold its consent if, inter alia, the reputation or financial responsibility of a proposed assignee or subtenant is unsatisfactory to Landlord, or if the proposed sublease or assignment is to a tenant of the Building and alternative space is available for lease in the Building, or if such subtenant's or assignee's business is not consonant with that of the other tenants of the Building. In addition, Tenant shall not mortgage, pledge or hypothecate this Lease. Any assignment, sublease, mortgage, pledge or hypothecation in violation of this Section shall be void at the option of Landlord and shall constitute a default hereunder without the opportunity for notice or cure by Tenant. Landlord acknowledges that Tenant intends to initially sublet up to 21,000 square feet in the Premises; Landlord agrees that it shall not unreasonably withhold, condition or delay its consent to such initial subletting.

Appears in 1 contract

Samples: Office Lease (Breakaway Solutions Inc)

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SUBLETTING AND ASSIGNING. (a) Tenant shall not assign this Lease or sublet all or any portion of the Demised Premises, whether voluntarily or by operation of law, without first obtaining Landlord's ’s prior written consent thereto, which consent shall not be unreasonably withheld, conditioned or delayed delayed. Tenant acknowledges that it that, without in any way limiting the foregoing, Landlord shall be reasonable for Landlord have the right to withhold its consent if, inter aliaby way of example and not limitation, the reputation or financial responsibility of a proposed assignee or subtenant is unsatisfactory to Landlord, if such subtenant’s or assignee’s business is not for the Permitted Use or is otherwise not consonant with that of the other tenants of the Building or would significantly increase the density of personnel use, if the proposed sublease or assignment is to a tenant of the Building and alternative or to a prospect with whom Landlord is then negotiating or has recently negotiated, if there is other comparable space is available for lease by Landlord in the Building, or if such subtenant's Tenant is in default in the payment or assignee's business is not consonant with that performance of the other tenants any of the Buildingits obligations hereunder. In addition, Tenant shall not mortgage, pledge or hypothecate this Lease. Any assignment, sublease, mortgage, pledge or hypothecation in violation of this Section shall be void at the option of Landlord and shall constitute a default hereunder without the opportunity for notice or cure by Tenant. Landlord acknowledges that Tenant intends to initially sublet up to 21,000 square feet in the Premises; Landlord agrees that it shall not unreasonably withhold, condition or delay its consent to such initial subletting.

Appears in 1 contract

Samples: Agreement of Lease (Strategic Distribution Inc)

SUBLETTING AND ASSIGNING. (a) Tenant shall not assign this Lease or sublet all or any portion of the Demised Premises, whether voluntarily or by operation of law, without first obtaining Landlord's ’s prior written consent thereto, thereto (which consent shall not be unreasonably withheld, conditioned delayed or delayed conditioned). Tenant acknowledges that it that, without in any way limiting the foregoing, Landlord shall be reasonable for Landlord have the right to withhold its consent if, inter aliaby way of example and not limitation, (i) the reputation or financial responsibility of a proposed assignee or subtenant is unsatisfactory to Landlord, (ii) if such subtenant’s or assignee’s business is not for the Permitted Use or would significantly increase the density of personnel use, (iii) provided there is space available in the Building, if the proposed sublease or assignment is to a tenant of the Building and alternative space or to a prospect with whom Landlord is available for lease then negotiating or has negotiated within the previous ninety (90) days, or (iv) if Tenant is in default in the Building, payment or if such subtenant's or assignee's business is not consonant with that performance of the other tenants any of the Buildingits obligations hereunder. In addition, Tenant shall not mortgage, pledge or hypothecate this LeaseLease without first obtaining Landlord’s prior written consent thereto (which consent shall not be unreasonably withheld, delayed or conditioned). Any assignment, sublease, mortgage, pledge or hypothecation in violation of this Section shall be void at the option of Landlord and shall constitute a default hereunder without the opportunity for notice or cure by Tenant. Landlord acknowledges that Tenant intends to initially sublet up to 21,000 square feet in the Premises; Landlord agrees that it shall not unreasonably withhold, condition or delay its consent to such initial subletting.

Appears in 1 contract

Samples: Agreement of Lease (Avant Immunotherapeutics Inc)

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SUBLETTING AND ASSIGNING. (a) Tenant shall not assign this Lease or sublet all or any portion of the Demised Premises, whether voluntarily or by operation of law, without first obtaining Landlord's prior written consent theretoconsent, which consent shall not be unreasonably withheld, conditioned or delayed . Tenant acknowledges that it that, without limiting the foregoing, Landlord shall be reasonable for Landlord have the right to withhold its consent if, inter aliaby way of example and not limitation, the reputation or financial responsibility of a proposed assignee or subtenant is unsatisfactory to Landlord, if such subtenant's or assignee's business is not for the Permitted Use or is otherwise not consistent with that of the other tenants of the Building or would significantly increase the density of personnel use, if the proposed sublease or assignment is to a tenant of the Building and alternative or to a prospect with whom Landlord is then negotiating or has recently negotiated, if there is other space is available for lease by Landlord in the Building, if the proposed sublease is for a rate less than the market rate established by Landlord for the Building, or if such subtenant's Tenant is in default in the payment or assignee's business is not consonant with that performance of the other tenants any of the Buildingits obligations hereunder. In addition, Tenant shall not mortgage, pledge or hypothecate this Lease. Any assignment, sublease, mortgage, pledge or hypothecation in violation of this Section shall be void at the option of Landlord and shall constitute a default hereunder without the opportunity for notice or cure by Tenant. Landlord acknowledges that Tenant intends to initially sublet up to 21,000 square feet in the Premises; Landlord agrees that it shall not unreasonably withhold, condition or delay its consent to such initial subletting.

Appears in 1 contract

Samples: Agreement of Lease (Bridgeline Digital, Inc.)

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