Common use of Assignment or Sublease by Tenant Clause in Contracts

Assignment or Sublease by Tenant. (a) Tenant may assign this Lease or sublet the Premises or any part thereof to an Affiliate of Tenant without the prior consent of Landlord; provided, however, that Tenant shall promptly notify Landlord of any such assignment or subletting, and with respect to any assignment of this Lease, shall deliver a written assumption in favor of Landlord of the duties, obligations and liabilities of Tenant hereunder by such Affiliate. "Affiliate" shall mean any corporation, limited liability company, partnership, sole proprietorship or other entity controlling, controlled by, or under common control with the Tenant. The term "control" (including the terms "controlling," "controlled by" and "under common control with") means the possession, directly or indirectly, of the power to direct or cause the direction of the management or the policies of an entity, whether through the ownership of voting securities, by contract or otherwise.