Assignment of Sublease Sample Clauses
The Assignment of Sublease clause governs the conditions under which a subtenant may transfer their rights and obligations under a sublease to another party. Typically, this clause outlines whether the sublandlord’s consent is required for such an assignment, and may specify any procedures or restrictions, such as providing written notice or meeting certain qualifications. Its core practical function is to control and manage changes in occupancy or responsibility under the sublease, ensuring that the sublandlord retains oversight and that the original terms of the sublease are upheld.
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Assignment of Sublease. 30 11.5 Continued Responsibility of LESSEE............................30
Assignment of Sublease. Except to a wholly owned subsidiary or affiliate of Tenant, Tenant shall not sell, assign, mortgage or transfer this Lease, sublet the Premises or any part thereof or allow any transfer by operation of law. Tenant shall, by written notice, advise Landlord of its desire from, on and after a stated date (which shall not be less than thirty (30) days nor more than sixty (60) days after the date of Tenant's notice) to sublet any part or all of the Premises for any part of the term hereof, and, in such event, Landlord shall have the right, to be exercised by giving written notice to Tenant twenty (20) days after receipt of Tenant's notice) to terminate this Lease as to the portion of the Premises therein described as of the date stated in Tenant's notice. Such notice by Tenant shall state the name and address of the proposed subtenant, and Tenant shall deliver to Landlord a true and complete copy of the proposed sublease with said notice. If said notice shall specify all of the Premises, and Landlord shall give said termination notice with respect thereto, this Lease shall terminate on the date stated in Tenant's notice. If, however, this Lease shall terminate pursuant to the foregoing with respect to less than all the Premises, the rental (as determined in paragraph 4) and taxes (as determined in paragraph 9) shall be adjusted on a pro rata basis to the number of square feet retained by Tenant and this Lease as so amended shall continue thereafter in full force and effect. If Landlord, upon receiving said notice by Tenant with respect to any of the Premises, shall not exercise its right to terminate, Landlord will not withhold unreasonably its consent to Tenant's subletting the Premises specific in said notice provided that all Increases in rent under a sublease shall be paid to Landlord.
Assignment of Sublease dated November 25, 1997, but effective as of December 1, 1997, from Lyondell to the Partnership, of leases specified therein (Chicago, Illinois - MATRIX Partners Sublease).
Assignment of Sublease. Sublessee shall not assign this sublease or any interest therein, nor sublet the demised premises or any part thereof, or any right or privilege appurtenant thereto, nor permit the occupancy or use of any part thereof by any person without the written consent of Sublessor having first been obtained. Any such assignment, further subletting, occupancy or use without the prior written consent or the Sublessor shall at the option of the Sublessor terminate this Sublease.
Assignment of Sublease. (a) Current Subtenant hereby assigns all of its right, title, and interest in and to the Sublease to New Subtenant and New Subtenant assumes all of Current Subtenant’s obligations, as Subtenant under the Sublease whether occurring before or after the date hereof. Such assignment and assumption of the Sublease shall not relieve Subtenant of any obligations under the Sublease.
Assignment of Sublease. 26 16. INDEMNITY................................................. 27
Assignment of Sublease. Effective as of the date which is sixty (60) days after the Commencement Date of the Lease (“Assignment Effective Date”), Assignor hereby assigns to Assignee all of Assignor’s right, title and interest in, to and under the Sublease, and Assignee hereby accepts such assignment, assumes all of Assignor’s obligations under the Sublease arising from and after the Assignment Effective Date, and agrees to be bound by all of the provisions thereof and to perform all of the obligations of the subtenant thereunder from and after the Assignment Effective Date.
Assignment of Sublease. RESIDENT will not assign this LEASE, nor sublet the PREMISES, without first obtaining MANAGEMENT’S written consent. Any Sublease shall be on MANAGEMENT’S form (Sublease Agreement) and shall be signed by ALL persons therein designated. Any approval by MANAGEMENT to an assignment or Sublease shall not release the RESIDENT obligation under the LEASE. The original resident is responsible for obtaining a security deposit from the sublessee less any damages. A one hundred dollar ($100.00) Administrative Fee is charged for processing.
Assignment of Sublease. RESIDENT will not assign this LEASE, nor sublet the PREMISES, without first obtaining MANAGEMENT’S written consent. Any Sublease shall be on MANAGEMENT’S form (Sublease Agreement) and shall be signed by ALL persons therein designated. Any approval by MANAGEMENT to an assignment or Sublease shall not release the RESIDENT obligation under the LEASE. The original resident is responsible for obtaining a security deposit from the sublessee less any damages. A one hundred dollar ($100.00) Administrative Fee is charged for processing. Airbnb rentals are not allowed.
Assignment of Sublease. Any approved sublease will be assigned to LESSOR as security. LESSEE will deliver the original counterpart of the sublease to LESSOR and make any filings necessary to protect LESSOR's security interest.