Tenant’s Right. Provided that, at the time of such exercise and at the commencement of the Extended Term, (i) there exists no Event of Default, and (ii) Tenant shall not have assigned this Lease or sublet more than thirty percent (30%) of the Premises (other than in connection with respect to which Landlord’s consent is not required under Section 12.2), and (iii) this Lease is still in full force and effect, Tenant shall have the right to extend the Term of this Lease for one extended term (the “Extended Term”) of two (2) years. The Extended Term shall commence on the day following the Expiration Date, and shall end on the date that is two years following such date. Tenant shall exercise such option to extend by giving written notice to Landlord not later than nine (9) months prior to the Expiration Date. The giving of such notice by Tenant shall automatically and irrevocably extend the Term of this Lease for the Extended Term and no instrument of renewal need be executed. In the event that Tenant fails to give such notice to Landlord, this Lease shall automatically terminate on the Expiration Date, and Tenant shall have no further option to extend the Term of this Lease, it being agreed that time shall be of the essence in the giving of any such notice. The Extended Term shall be on all the terms and conditions of this Lease (including without limitation that Tenant’s Share of increases in Operating Expenses and Taxes shall continue to be calculated using the Base Years set forth in Section 1.18), except that the Base Rent for the Extended Term shall be determined pursuant to Section 27.2 hereof.
Tenant’s Right. Subject to compliance with Sections 5.4 and 6.1, Tenant may Transfer this Lease or the Leasehold Estate to an Affiliate of Tenant without Landlord’s consent (but with prior written Notice) and otherwise with Landlord’s prior written consent, not to be unreasonably withheld, delayed or conditioned. Any assignee of Tenant shall assume all obligations and liabilities of Tenant under this Lease. Tenant shall pay all transfer and other taxes payable on account of any Transfer by Tenant. Tenant shall promptly Notify Landlord of any Transfer. After Tenant assigns this Lease and the assignee assumes it, the assignor shall have no obligation or liability under this Lease, except any unperformed obligations that arose before the assignment (unless assumed in writing, in recordable form, by the assignee). If Tenant assigns this Lease, then as between Landlord and Tenant, Tenant shall be deemed to have assigned to the assignee or transferee all claims against Landlord then existing, and the assignee shall be deemed, by assuming this Lease, to have assumed all liabilities and obligations of Tenant then existing or thereafter arising under this Lease (except as this Lease otherwise expressly states).
Tenant’s Right. Subject to Sections 5.4 and 6.1, Tenant may not enter into or Modify any Sublease, terminate any Sublease or evict any Subtenant, and grant any consent under any Sublease, without Landlord’s consent prior written consent (which consent shall not be unreasonably withheld); provided, however, that Tenant may enter into, terminate or grant any consent under any Sublease with a Subtenant that is an affiliate of Tenant without Landlord’s consent. No Sublease shall affect any obligations of Tenant or rights of Landlord under this Lease, all of which shall continue in full force and effect notwithstanding any Sublease. Any Sublease shall expire no later than one hour before the Expiration Date. The fact that any Subtenant causes any Default shall not relieve Tenant of Tenant’s obligation to cure it. Tenant shall take all steps reasonable and necessary to prevent any such Default.
Tenant’s Right. Tenant shall have the right, at any time and from time to time during the Term, to sublet all or any portion of the Premises and to extend, modify or renew any sublease without the approval of Landlord.
Tenant’s Right. Subject to Clause 4.6.2, the Landlord will deliver to the Tenant, on demand from time to time and at the Landlord's expense, such documents and evidence as the Keeper may require to enable the Keeper to create the title sheet disclosing the Tenant as the registered proprietor of the whole of the tenant's right in the Lease. Such documents will include (unless the Property comprises part only of a building): a plan or bounding description sufficient to enable the Property to be identified on the cadastral map; and evidence (such as a plans report) that (i) the description of the Property in the Lease is habile to include the whole of the occupied extent; and (ii) there is no conflict between the extent of the Property and registered cadastral units.
Tenant’s Right. Tenant shall have the right, at any time and from time to time during the Term, to assign all or any portion of its right, title and estate in the Premises and in this Lease without approval by Landlord. Any such assignee, immediate or remote, shall have the same right of assignment. Any such assignment shall be evidenced by a written instrument, properly executed and acknowledged by all parties thereto and, at Tenant's election, duly recorded in the Official Records, wherein and whereby the assignee assumes all of the obligations of Tenant under this Lease. Notwithstanding any such assignment and assumption or any sublease permitted under Section 14.2 hereof, Tenant shall remain primarily liable for all obligations and liabilities on the part of Tenant theretofore or thereafter arising under this Lease.
Tenant’s Right. Notwithstanding anything to the contrary in this Restated Lease, and subject to the terms of Third Party Leases, Tenant shall have the right to contest, at its sole expense, by appropriate legal proceedings diligently conducted in good faith, the amount or validity of any Imposition or Prohibited Lien; the valuation, assessment or reassessment (whether proposed or final) of any Property for purposes of Real Estate Taxes; the validity of any Law or Environmental Law or the application of any Law or Environmental Law to any Property; or the validity or merit of any claim against which Tenant is required to Indemnify Landlord under this Restated Lease (any of the foregoing, a "Contest"). Tenant may defer payment of the contested Imposition or compliance with the contested Law or performance of any other contested obligation pending the outcome of the Contest, provided that such deferral does not subject (a) the applicable Property or any portion thereof to any risk of imminent forfeiture or foreclosure of any Fee Mortgage, or (b) Landlord to any risk of criminal liability.
Tenant’s Right. Tenant may not Transfer this Lease or any portion of its interest herein without Landlord's consent. Any assignee of Tenant shall assume all obligations and liabilities of Tenant under this Lease. Tenant shall pay, or cause to be paid, all transfer and other taxes payable on account of any such Transfer. Tenant shall promptly Notify Landlord of its intent to enter into any Transfer and supply Landlord with all materials Landlord may request so that Landlord may determine whether or not to grant its consent thereto. Furthermore, the transfer of a majority of the issued and outstanding capital stock, or of a majority of the total interest in, Tenant, however accomplished, and whether in a single transaction or in a series of related or unrelated transactions, shall be deemed a Transfer requiring Landlord's consent. Notwithstanding the foregoing provisions of this Article, Tenant shall have the right, without Landlord's consent, but upon notice thereof, to: (i) assign this Lease to an Affiliate of Tenant, provided that Tenant remains fully liable for its obligations hereunder [and the Guarantor remains liable under the Guaranty]; or (ii) assign this Lease to any party acquiring all or substantially all of the assets of Tenant by purchase, merger, contribution, consolidation, or otherwise, provided that (a) Tenant remains fully liable for its obligations hereunder [and Guarantor remains liable under the Guaranty], (b) the assignee or successor tenant agrees in writing to assume all of Tenant's obligations hereunder, (c) such Transfer is for a valid business purpose and not to circumvent any obligations under this Lease, and (d) any assignee is not a Prohibited Person. In either of (i) or (ii) above, (1) [the Guarantor shall continue to have a net worth at least equal to the greater of (x) Guarantor's net worth as of the date of this Lease or (y) the Guarantor's net worth immediately prior to any such assignment; and (2)] the assignee shall have experience commensurate with that of Tenant hereunder in each case as reasonably demonstrated to Landlord, and (3) the Control of the assignee [and the Control of the Guarantor] shall be held, directly or indirectly, by the same Person; otherwise Landlord consent shall be required.
Tenant’s Right. Owner agrees unless sub-paragraph 6 of this Article 19 has been stricken out of this Lease You have the right to collect reasonable legal fees and expenses incurred in a successful defense by You of a lawsuit brought by Owner against You or brought by You against Owner to the extent provided by Real Property Law, section 234.
Tenant’s Right. Provided that there is not an Event of Default -------------- under this Lease which is continuing and uncured or if there is such an Event of Default, provided that Tenant cures the Default in connection with the assignment, Tenant shall have the right, at any time and from time to time during the Term, to assign all or any portion of its right, title and estate in any Parcel and in this Lease without approval by Landlord. Any such assignee, immediate or remote, shall have the same right of assignment. Any such assignment shall be evidenced by a written instrument, properly executed and acknowledged by all parties thereto and, at Tenant's election, duly recorded in the Official Records, wherein and whereby the assignee assumes all of the obligations of Tenant under this Lease. Notwithstanding any such assignment and assumption or any sublease permitted under Section 15.2 hereof, Tenant shall remain primarily liable for all ------------ obligations and liabilities on the part of Tenant theretofore or thereafter arising under this Lease and all Lease Supplements.
