Common use of Assignment or Sublease by Tenant Clause in Contracts

Assignment or Sublease by Tenant. Tenant may not voluntarily or by operation of law, assign or transfer this Lease, or sublease the whole or any part of the Leased Premises, without the prior written consent of Landlord, which consent is not to be unreasonably withheld. In either case, Landlord agrees to consent to an assignment or transfer to a credit worthy party who will conduct a business appropriate for the Demised Premises, but such consent shall not operate as a release of Tenant.

Appears in 2 contracts

Sources: Lease Agreement (Nexxus Lighting, Inc.), Lease Extension Agreement (Nexxus Lighting, Inc.)