Common use of Assignment or Sublet Clause in Contracts

Assignment or Sublet. A. Subtenant shall not, without obtaining Sublandlord's and SCIDA's prior written consent, which consent shall not be unreasonably withheld or delayed, and if not granted or denied within twenty (20) days, shall be deemed granted: (i) assign, delegate, sublet, convey, mortgage, pledge, encumber or otherwise transfer (voluntarily or involuntarily) Subtenant's interest in this Sublease or the Demised Premises or any part thereof; (ii) allow any transfer of or any lien upon Subtenant's interest in this Sublease or the Demised Premises or any part thereof; or (iii) permit the use or occupancy of the Demised Premises or any part thereof by any person or entity other than Subtenant. B. If, without the consent of Sublandlord and SCIDA, this Sublease is assigned or delegated, or the Demised Premises or any part thereof is sublet or occupied by anyone other than Subtenant, Sublandlord may elect to treat such assignment, sublet, occupation or change of control as void under the terms of this Sublease and treat Subtenant as in material breach of this Sublease. C. Subtenant shall defend, indemnify and hold harmless Sublandlord against any and all Loss and Expense arising from any claims by a proposed or putative assignee or sub-subtenant or by any broker or other person claiming commission or similar compensation in connection with a proposed or putative assignment or sublease.

Appears in 2 contracts

Sources: Sublease Agreement (Avanex Corp), Sublease Agreement (Avanex Corp)