Common use of Assignment and Subletting by Tenant Clause in Contracts

Assignment and Subletting by Tenant. Tenant shall not have the right, except with the prior written consent of Landlord, to assign this Lease or any interest therein and provided that the assignee selected by Tenant shall be subject to the approval of Landlord and that the assignee shall assume in writing all of the Tenant's obligations under this Lease and Tenant shall remain liable for each and every obligation hereunder. The approval of Landlord shall be based upon the proposed assignee's financial condition, proposed use and stability. Tenant shall not have the right except with the prior written consent of Landlord, to sublet the premises provided that the Landlord shall have the right to approve such subTenant and that the subTenant shall assume in writing all of the Tenant's obligation under this Lease, and Tenant shall remain liable for each and every obligation under this Lease. The approval of such subTenant shall be based upon the same conditions as set forth in the previous paragraph. PALAU/OPTIUM JUNE 6, 2005 PAGE 6 OF 10

Appears in 1 contract

Sources: Lease Agreement (Optium Corp)

Assignment and Subletting by Tenant. Tenant shall not have the right, except with the prior written consent of Landlord, which may not be unreasonably withheld by Landlord, to assign this Lease or any interest therein and provided that the therein. The assignee selected by Tenant shall be subject to the approval of Landlord and that and, if Landlord approves the assignment, the assignee shall assume in writing all of the Tenant's ’s obligations under this Lease and Tenant shall remain liable for each and every obligation hereunderhereunder unless agreed otherwise by Landlord in writing. The approval of Landlord shall be based upon the proposed assignee's ’s financial condition, proposed use and stability, and any other consideration deemed relevant by landlord. Tenant shall not have the right except with the prior written consent of Landlord, which may not be unreasonably withheld, to sublet the premises Leased Premises provided that the Landlord shall have the right to approve such subTenant subtenant and that the subTenant subtenant shall assume in writing all of the Tenant's ’s obligation under this Lease, and Tenant shall remain liable for each and every obligation under this Lease. The approval of such subTenant subtenant shall be based upon the same conditions as set forth in the previous paragraph. PALAU/OPTIUM JUNE 6, 2005 PAGE 6 OF 10.

Appears in 1 contract

Sources: Commercial Lease Agreement (Helius Medical Technologies, Inc.)

Assignment and Subletting by Tenant. Tenant shall not have the right, except with the prior written consent of Landlord, which may not be unreasonably withheld, conditioned, or delayed by Landlord, to assign this Lease or any interest therein and provided that the therein. The assignee selected by Tenant shall be subject to the approval of Landlord and that and, if Landlord approves the assignment, the assignee shall assume in writing all of the Tenant's obligations under this Lease and Tenant shall remain liable for each and every obligation hereunderhereunder unless agreed otherwise by Landlord in writing. The approval of Landlord shall be based upon the proposed assignee's financial condition, proposed use and stability, and any other consideration deemed relevant by landlord. Tenant shall not have the right except with the prior written consent of Landlord, which may not be unreasonably withheld, conditioned, or delayed, to sublet the premises Leased Premises provided that the Landlord shall have the right to approve such subTenant subtenant and that the subTenant subtenant shall assume in writing all of the Tenant's obligation under this Lease, and Tenant shall remain liable for each and every obligation under this Lease. The approval of such subTenant subtenant shall be based upon the same conditions as set forth in the previous paragraph. PALAU/OPTIUM JUNE 6, 2005 PAGE 6 OF 10.

Appears in 1 contract

Sources: Commercial Lease Agreement (Helius Medical Technologies, Inc.)