Assignment to Affiliate. Notwithstanding the foregoing provisions of Section 18.1, 18.2, 18.3 and 18.4 above, Tenant may assign this Lease without Landlord's consent to any corporation or partnership in which ARK Restaurants Corp. owns more than fifty percent (50%) of all ownership interests; provided that ARK Restaurants Corp. (or another restaurant operator with comparable experience and a comparable reputation which is otherwise reasonably acceptable to Landlord) retains control over the management of Tenant's business in the Premises. The provisions of Sections 18.1, 18.2, 18.3 and 18.4 shall not apply to any assignment which is permitted by this Section 18.7.
Appears in 3 contracts
Sources: Lease Agreement (Ark Restaurants Corp), Lease Agreement (Ark Restaurants Corp), Lease Agreement (Ark Restaurants Corp)