Common use of Assignment or Sublet Clause in Contracts

Assignment or Sublet. Tenant shall have the right to assign the Lease or sublet all or a portion of the demised premises to any subsidiary or affiliate without Landlord’s consent, provided that: a) there has been no prior default beyond all applicable cure periods and, b) the financial condition of the assignee is not materially different from Tenant. Tenant shall remain liable for any rent due from a Subleasee. Any other assignment or subletting will be subject to Landlord’s prior consent, which shall not be unreasonably withheld or delayed. Landlord and Tenant shall equally share any rental profits from said sublease.