Assignment/Subletting Sample Clauses

The Assignment & Subletting clause governs whether and how a tenant may transfer their lease rights or obligations to another party, either through assignment (transferring the entire lease) or subletting (leasing part or all of the premises to a third party while retaining some responsibility). Typically, this clause outlines the conditions under which such transfers are permitted, such as requiring the landlord’s prior written consent or specifying criteria for acceptable assignees or subtenants. Its core function is to give the landlord control over who occupies the property, thereby protecting their interests and ensuring responsible tenancy.
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Assignment/Subletting. Tenant is not permitted to assign or sub-let this Lease without the prior written consent of Landlord. Tenant may also not grant any license to use the Property or any part of the Property without the prior written consent of the Landlord. If Landlord consents to any one assignment, sub-let or license, this shall not be deemed a consent to any subsequent such request. Any assignment, sub-let or license without Landlord's prior written approval shall be null and void and shall, if Landlord chooses, terminate this Lease.
Assignment/Subletting. Except as provided herein, Tenant shall not assign or in any manner transfer this Lease or any estate or interest hereunder and shall not sublease the Premises or any part thereof without the prior written consent of Landlord, which shall not be unreasonably withheld, conditioned, or delayed. As part of Tenant’s request for, and as a condition to, Landlord’s consent to such assignment or sublease, Tenant shall provide Landlord with financial statements for the proposed transferee and such other information as Landlord may reasonably request. Tenant shall not be entitled to receive monetary damages based upon a claim that Landlord unreasonably withheld its consent to a proposed transfer to a third party and Tenant’s sole remedy shall be an action to enforce any such provision through specific performance or declaratory judgment. Tenant shall reimburse Landlord for its actual reasonable costs and expenses incurred in connection with such assignment or sublease request. Notwithstanding anything in this Lease to the contrary, so long as Tenant is not in default under this Lease beyond applicable notice and cure periods, the consent of the Landlord need not be obtained if the assignment of the Lease is to a: (i) parent, subsidiary or affiliate of Tenant; (ii) company with which Tenant may merge or consolidate; (iii) corporation that acquires all or substantially all of the shares of stock or assets of Tenant; or (iv) to any corporation which is the successor corporation in the event of a corporate reorganization (a “Related Entity”); provided, however, that (i) such Related Entity does not use the Premises for any other use than the use permitted by this Lease, and (ii) with respect to an assignment to a Related Entity described in subsections (ii) and (iii), such Related Entity has a tangible net worth equal to or greater than $10,000,000.00. Landlord agrees that Tenant shall have the right, without Landlord’s consent, to sublease or license a portion of the Premises to a Related Entity described in subsection (i) above, provided that such Related Entity does not use the Premises for any other use than the use permitted by this Lease. Tenant shall give Landlord written notice at least ten (10) days prior to the effective date of the proposed transfer, along with all applicable documentation and other information necessary for Landlord to determine that the requirements of this Section 13 have been satisfied, including if applicable, the qualification of such p...
Assignment/Subletting. ▇▇▇▇▇▇ agrees that neither the leased premises nor any part thereof shall be sublet nor shall this Lease Agreement be assigned by ▇▇▇▇▇▇ without prior written consent of Lessor, which consent shall not be unreasonably withheld. If Lessor does give consent, such consent shall not release Lessee from its obligation hereunder, unless a release is specifically given by ▇▇▇▇▇▇.
Assignment/Subletting. Tenant shall not sublet all or any part of Premises, or assign or transfer this Agreement or any interest in it, without prior written consent of Landlord. Unless such consent is obtained, any assignment, transfer or subletting of Premises or this Agreement or tenancy, by voluntary act of Tenant, operation of law, or otherwise, shall be null and void, and, at the option of Landlord, terminate this Agreement. Any proposed assignee, transferee or sublessee shall submit to Landlord an application and credit information for Landlord’s approval, and, if approved, sign a separate written agreement with Landlord and Tenant. Landlord’s consent to any one assignment, transfer, or sublease, shall not be construed as consent to any subsequent assignment, transfer or sublease, and does not release Tenant of Tenant’s obligation under this Agreement.
Assignment/Subletting. Tenant shall have the unrestricted right to assign this Lease or to sublet all or any portion of the Premises except that Tenant shall not assign this Lease, or sublet or license the Premises or any portion thereof or permit the occupancy of all or any portion of the Premises by anybody other than Tenant or a Tenant Affiliate (as defined below)(all or any of the foregoing actions are, for the purposes of this and the following paragraph, referred to as "assignments," and all or any of such assignees, subtenants, licensees, and other parties are referred to as "assignees") without obtaining, on each occasion, the prior consent of Landlord, provided that Landlord shall not unreasonably withhold, delay or condition such consent, and Landlord shall be required to consent to such assignment if the assignee uses the Premises for the Permitted Uses unless Landlord reasonably determines that (i) the proposed assignee's use or occupancy of the Premises will materially increase the number of employees in the Premises or will exceed the capacity of or unduly burden the Building's structure or heating, ventilating, air-conditioning, sewage, electrical, or other mechanical systems (and Tenant has not agreed to make such alterations or improvements to the Building, as its sole cost and in accordance with Section 5.10, as will increase such capacity or relieve such burden in Landlord's good faith judgment) or (ii) the proposed assignee's use or occupancy will, in Landlord's reasonable judgment, involve moral turpitude. A "
Assignment/Subletting. If Landlord's consent is required for an assignment of this Lease or a subletting of the Leased Premises, Landlord shall have the right to refuse such consent if the possibility of a release of Hazardous Materials is materially increased as a result of the assignment or sublease or if Landlord does not receive reasonable assurances that the new tenant has the experience and the financial ability to remedy a violation of the Hazardous Materials Laws and fulfill its obligations under this Article 34.
Assignment/Subletting. The Lessee shall not assign this Lease or sublet any portion of the Leased Premises without prior written consent of the Lessor, except under certain circumstances pursuant to Section 4 of this Agreement and agreed to herein. Consent to sublease shall not be unreasonably withheld by the Lessor. Any such assignment or subletting without consent shall be void.
Assignment/Subletting. Tenant may not sublet any portion of the Premises nor transfer or assign Tenant’s rights under this Lease or permit any part of the Premises to be used by any person other than the Tenant, the Occupants listed in Box 14 of Schedule 1 or temporary guests, invitees, or licensees, without the express prior written approval of the Community Manager, which may be withheld in its sole and absolute discretion. Any assignment, transfer or subletting of the Premises or Lease by voluntary act of Tenant, operation of law or otherwise, shall be null and void and, at the option of Owner, terminate this Lease.
Assignment/Subletting. Lessee shall not, by operation of law or otherwise, assign, sell, mortgage, pledge or in any manner transfer this Lease or any interest therein, transfer direct or indirect control of Lessee, sublet the UNH Premises or any part or parts thereof, or grant any concession or license or otherwise permit occupancy of all or any part of the UNH Premises by any other person. Lessee shall not need the consent of the Lessor to assign this Lease to an affiliate of the Lessee or any entity in common control with Lessee, provided that such affiliate or other entity is engaged in and using the space exclusively for the Permitted Use and is undertaking the Public Activities, all as defined in Section 6 of this Lease. Lessor shall have the right to assign, sell, mortgage, pledge or in any other manner transfer this Lease or any interest therein to any person; provided that if the transferee is not Canal Dock, Lessee may terminate this Lease on written notice to the City, and the City shall pay Lessee the then Unamortized Costs upon such termination. Upon such assignment, the City shall have all rights described herein as rights in favor of the City of New Haven, but the City’s responsibilities, obligations and rights as “Lessor” shall cease provided that if the City assigns this Lease to Canal Dock, and at any time thereafter during the Lease Term, Canal Dock fails to perform substantially all of the obligations of Lessor due to insufficient funding, filing of bankruptcy, cessation of business or like situation (“Canal Dock Failure”) and shall so notify the City in writing, then the City shall terminate the Long Lease and this Lease shall revert to the City as Lessor or, if the foregoing does not occur within thirty (30) days of the notice to the City, Lessee shall thereafter have the right to terminate this Lease upon further written notice to the City, and the City shall pay Lessee the then Unamortized Costs upon such termination. Further, in the event that Lessee shall reasonably believe that Canal Dock Failure has occurred but Canal Dock disagrees and declines to so notify the City, then Lessee may notify the City in writing of such alleged Canal Dock Failure (“Lessee’s Notice”), and the City shall investigate the same within fifteen (15) days of receipt of such notice. If the City, acting in its reasonable discretion, shall concur with Lessee, then the City shall terminate the Long Lease and this Lease shall revert to the City as Lessor or if, notwithstanding such c...
Assignment/Subletting. Lessee may sublet the Premise or any part thereof to a tenant for use as office space with Lessor’s prior written consent. Lessor agrees that it will not unreasonably withhold or delay such consent.