Common use of ASSIGNMENT AND SUBORDINATION Clause in Contracts

ASSIGNMENT AND SUBORDINATION. (a) Lessor reserves the right to assign, transfer, sell, mortgage or otherwise encumber the Property, including the Leased Premises, and/or its interest in this Agreement. ▇▇▇▇▇▇ agrees upon demand to execute and deliver to Lessor such further instruments subordinating this Agreement, as may be reasonably required by Lessor, in connection with ▇▇▇▇▇▇'s contemplated transaction. Upon assignment of this Agreement, and after written notice from Lessor to Lessee, Lessor shall be relieved of all future performance, liabilities and obligations under this Agreement, and ▇▇▇▇▇▇’s assignee shall assume all of Lessor’s obligations hereunder. (b) Lessee may not assign, or otherwise transfer or convey all or any part of its interest in this Agreement or in the Leased Premises without the prior written consent of Lessor; provided, however, that Lessee may assign its interest to its parent company, to any wholly-owned subsidiary of Lessee or Lessee’s parent company, or to any entity that acquires all or substantially all of Lessee’s assets in Loudoun County market by reason of merger, acquisition or other business reorganization. ▇▇▇▇▇▇ agrees upon demand to execute and deliver to Lessee such further instruments, as may be reasonably required by ▇▇▇▇▇▇, in connection with ▇▇▇▇▇▇'s contemplated transaction. Upon assignment, ▇▇▇▇▇▇ shall be relieved of all future performance, liabilities, and obligations under this Agreement; provided that the assignee expressly assumes all of ▇▇▇▇▇▇’s obligations hereunder in writing. No right or obligations hereunder nor any use of the Equipment or the Leased Premises may be apportioned, sub-leased, shared, or co-used without Lessor’s prior written consent, at Lessor’s sole discretion.

ASSIGNMENT AND SUBORDINATION. (a) Lessor reserves the right to assign, transfer, sell, mortgage or otherwise encumber the Property, including the Leased Premises, and/or its interest in this Agreement. ▇▇▇▇▇▇ agrees upon demand to execute and deliver to Lessor such further instruments subordinating this Agreement, as may be reasonably required by Lessor, in connection with ▇▇▇▇▇▇'s contemplated transaction. Upon assignment of this Agreement, and after written notice from Lessor to Lessee, Lessor shall be relieved of all future performance, liabilities and obligations under this Agreement, and ▇▇▇▇▇▇’s assignee shall assume all of Lessor’s obligations hereunder. (b) Lessee may not assign, or otherwise transfer or convey all or any part of its interest in this Agreement or in the Leased Premises without the prior written consent of Lessor, which approval will not be unreasonably withheld, conditioned or delayed; provided, however, that Lessee may assign its interest under this Agreement in whole or in part, or (or otherwise transfer or allow the use of) all or any portion of the Leased Premises to its parent company, to any wholly-owned subsidiary of Lessee or Lessee’s parent company, or to any entity that acquires all or substantially all of Lessee’s assets in Loudoun County the Washington D.C. market as defined by FCC operating license, by reason of merger, acquisition or other business reorganization. ▇▇▇▇▇▇ agrees upon demand to Site ID: WA73XC247 execute and deliver to Lessee such further instruments, as may be reasonably required by ▇▇▇▇▇▇, in connection with ▇▇▇▇▇▇'s contemplated transaction. Upon assignment, ▇▇▇▇▇▇ shall be relieved of all future performance, liabilities, and obligations under this Agreement; provided that the assignee expressly assumes all of ▇▇▇▇▇▇’s obligations hereunder in writing. No right or obligations hereunder nor any use of the Equipment or the Leased Premises may be apportioned, sub-leased, shared, or co-used without Lessor’s prior written consent, at Lessor’s sole discretion.