Additional Terms Respecting Transfers. a. Acceptance by the Landlord of Rent or other payments by a Transferee is not, (i) a waiver of the requirement for the Landlord to consent to the Transfer, (ii) the acceptance of the Transferee as Tenant, or (iii) a release of the Tenant from its obligations under this Lease. b. No part of the Leased Premises or this Lease will be listed or advertised by the Tenant or any other Person for the purpose of a Transfer, without the Landlord’s written consent which consent shall not be unreasonably withheld. c. Any documents evidencing the Transfer may be prepared by the Landlord. d. The Tenant’s sole remedy if the Landlord unreasonably withholds or delays its consent or approval to any Transfer shall be either an application for a declaration that the Landlord must grant its consent to the Transfer or an action for damages arising from the Landlord unreasonably withholding or delaying its consent or approval to any Transfer provided that under no circumstances shall the Landlord be liable or otherwise responsible for indirect or consequential losses or damages. In the event of any Transfer by the Tenant by virtue of which the Tenant receives a rent in the form of cash, goods or services from the Transferee which is greater than the Rent payable hereunder to the Landlord, the Tenant will pay any such excess to the Landlord in addition to all Rent payable under this Lease, and such excess rent shall be deemed to be further Rent payable hereunder.
Appears in 1 contract
Sources: Office Lease (Telvent Git S A)
Additional Terms Respecting Transfers. a. a) Acceptance by the Landlord of Rent or other payments by a Transferee is not, (i) a waiver of the requirement for the Landlord to consent to the Transfer, (ii) the acceptance of the Transferee as Tenant, or (iii) a release of the Tenant from its obligations under this Lease.
b. b) No part of the Leased Premises or this Lease will be listed or advertised by the Tenant or any other Person for the purpose of a Transfer, without the Landlord’s prior written consent consent, which consent shall may not be unreasonably withheldwithheld or delayed.
c. c) Any documents evidencing the Landlord’s consent to the Transfer may and the matters set out in Section 7.2 will be prepared by the Landlord.
d. d) The Tenant’s sole remedy if Released Persons will not be liable for any claims, actions, damages, liabilities or expenses of the Tenant or any Transferee arising out of the Landlord unreasonably withholds delaying or delays withholding its consent or approval to any Transfer shall and the Tenant’s only recourse will be either to bring an application for a declaration that the Landlord must grant its consent to the Transfer or an action for damages arising from the Landlord unreasonably withholding or delaying its consent or approval to any Transfer provided that under no circumstances shall the Landlord be liable or otherwise responsible for indirect or consequential losses or damages. Transfer.
e) In the event of any Transfer by the Tenant by virtue of which the Tenant receives a rent in the form of cash, goods or services from the Transferee which is greater than the Rent payable hereunder to the Landlord, the Tenant will pay any such excess to the Landlord in addition to all Rent payable under this Lease, and such excess rent shall be deemed to be further Additional Rent payable hereunder.
Appears in 1 contract
Sources: Lease Agreement (Adsero Corp)
Additional Terms Respecting Transfers. a. a) Acceptance by the Landlord of Rent or other payments by a Transferee is not, (i) a waiver of the requirement for the Landlord to consent to the Transfer, (ii) the acceptance of the Transferee as Tenant, or (iii) a release of the Tenant from its obligations under this Lease.
b. b) No part of the Leased Premises or this Lease will be listed or advertised by the Tenant or any other Person for the purpose of a Transfer, without the Landlord’s prior written consent which consent shall not be unreasonably withheldconsent.
c. c) Any documents evidencing the Landlord’s consent to the Transfer may and the matters set out in Section 7.2 will be prepared by the Landlord.
d. d) The Tenant’s sole remedy if Released Persons will not be liable for any claims, actions, damages, liabilities or expenses of the Tenant or any Transferee arising out of the Landlord unreasonably withholds delaying or delays withholding its consent or approval to any Transfer shall and the Tenant’s only recourse will be either to bring an application for a declaration that the Landlord must grant its consent to the Transfer or an action for damages arising from the Landlord unreasonably withholding or delaying its consent or approval to any Transfer provided that under no circumstances shall the Landlord be liable or otherwise responsible for indirect or consequential losses or damages. Transfer.
e) In the event of any Transfer by the Tenant by virtue of which the Tenant receives a rent in the form of cash, goods or services from the Transferee which is greater than the Rent payable hereunder to the Landlord, the Tenant will pay any such excess to the Landlord in addition to all Rent payable under this Lease, and such excess rent shall be deemed to be further Additional Rent payable hereunder.
Appears in 1 contract
Sources: Lease Agreement (Dirtt Environmental Solutions LTD)