Common use of Assignment Subletting by Tenant Clause in Contracts

Assignment Subletting by Tenant. Tenant shall not transfer, pledge, mortgage, encumber, or assign (whether by instrument, operation of law, withdrawal or change in partnership, merger, consolidation, dissolution or reorganization of any type) this Lease, or any interest of Tenant under this Lease, without the prior written consent of Landlord. Tenant shall not sublet the Premises or any part of the Premises, nor permit any party other than Tenant to use or occupy any part of the Premises, without the prior written consent of Landlord. Landlord may in its sole discretion withhold or refuse to give its consent to any proposed transfer, assignment or subletting and to any proposed use or occupancy by any party other than Tenant. Landlord’s consent to one assignment, transfer or sublease, or to any use or occupancy by a party other than Tenant, shall not destroy or waive this provision, and each later assignment, transfer and sublease, and each later use or occupancy of the Premises by a party other than Tenant, shall likewise be made only with the prior written consent of Landlord. Any subtenants, transferees or assignees shall automatically, upon acceptance of such subtenancy, transfer or assignment, become and thereafter be directly liable to Landlord for all obligations of Tenant under this Lease (including but not limited to Basic Rent and all Additional Rent) without relieving Tenant (or any guarantor of Tenant’s obligations) of liability to Landlord under this Lease.

Assignment Subletting by Tenant. Tenant shall not transfer, pledge, mortgage, encumber, or assign (whether by instrument:, operation of law, withdrawal or change in partnership, merger, consolidation, dissolution or reorganization of any type) this Lease, or any interest of Tenant under this Lease, without the prior written consent of Landlord. Tenant shall not sublet the Premises or any part of the Premises, nor permit any party other than Tenant to use or occupy any part of the Premises, without the prior written consent of Landlord. Landlord may in its sole discretion withhold or refuse to give its consent to any proposed transfer, assignment or subletting and to any proposed use or occupancy by any party other than Tenant. Landlord’s consent to one assignment, transfer or sublease, or to any use or occupancy by a party other than Tenant, shall not destroy or waive this provision, and each later assignment, transfer and sublease, and each later use or occupancy of the Premises by a party other than Tenant, shall likewise be made only with the prior written consent of Landlord. Any subtenants, transferees or assignees shall automatically, upon acceptance of such subtenancy, transfer or assignment, become and thereafter be directly liable to Landlord for all obligations of Tenant under this Lease (including but not limited to Basic Rent and all Additional Rent) without relieving Tenant (or any guarantor of Tenant’s obligations) of liability to Landlord under this Lease.