CESSION AND SUB-LETTING Sample Clauses

CESSION AND SUB-LETTING. 11.1 The Tenant shall not, without the Landlord's written consent, which consent will not be unreasonably withheld: 11.2 Cede, assign, transfer, alienate, burden any of its rights or obligations under this Agreement. 11.3 Sublet the Premises in whole or in part or give up possession of the Premises to any third party. 11.4 The Landlord may at any time transfer all or any of his/her rights and obligations under this lease and the Tenant hereby consents to such transfer.
View SourceView Similar (5)
CESSION AND SUB-LETTING. 16.1 The LESSEE shall not without the prior written consent of the LESSOR, which consent shall not unreasonably be withheld – 16.1.1 cede, assign, transfer, alienate, hypothecate, or otherwise dispose of any of its rights or obligations under this lease; 16.1.2 give up occupation or possession of the PREMISES, or any part thereof, to any person, firm, partnership, company, closed corporation or other juristic person or trust or association, whomsoever and whatsoever, PROVIDED that without effecting the LESSEE’S obligations hereunder, the provisions of clauses 16. 1.2 shall not apply to the sub-letting or the giving up of occupation or possession by the LESSEE to a subsidiary of the LESSEE or the LESSEE’S controlling company or to a subsidiary of that controlling company.
View SourceView Similar (2)
CESSION AND SUB-LETTING. The Lessee shall be entitled, without the prior written consent of the Lessor, to - 8.1. cede all or any of the rights of the Lessee under this Lease; 8.2. sub-let the Leased Premises in whole or part; or 8.3. part with or give up possession or occupation of the Leased Premises to any third party.
View Source
CESSION AND SUB-LETTING. 11.1 The Lessee shall not sub-let the Premises or any portion thereof, nor cede nor assign its rights or any portion thereof arising from the terms of this Lease to any third party without prior written consent of the Lessor first being obtained, which consent shall not be unreasonably withheld. 11.2 The Lessee shall further not give up occupation or possession of the Premises or any portion thereof to any person or permit any person whether as licence, agent, occupier, squatter tenant, custodian or otherwise to enter into possession or to occupy or take possession of the Premises or any portion thereof for any period whatsoever without the Lessor's prior written consent being first had and obtained, which consent shall not be unreasonably withheld. 11.3 If the Lessee is a company whose shares are not listed on the Botswana Stock Exchange, the Lessee warrants that while this Lease remains in force there will be no direct change in the control of the Lessee without the Lessor’s prior written consent, and unless the shares of the holding company of the Lessee are listed on the Botswana Stock Exchange, while this Lease remains in force the Lessee warrants that there will be no indirect change in the control of the Lessee without the Lessor’s prior written consent. 11.4 The Lessor shall be entitled, on written notice to the Lessee, to cede or assign its rights and obligations in terms of this Lease. 11.5 If the Lessee is a company, no shares therein shall be transferred from its shareholders, nor may any shares be allotted to any person other than such shareholders, without the Lessor’s prior written consent which, in the case of allotment or transfer of shares which will still leave the control of the Lessee with the existing shareholders as at the date of signature hereof, or of a transfer of shares to a deceased shareholder’s heirs, shall not be unreasonably withheld. Similarly, if the Lessee is a close corporation, no members’ interest in such close corporation is to be allotted to any person other than another member of the close corporation without the Lessor’s prior written consent. Any transfer or allotment of shares affected without such consent shall constitute a breach of terms by the Lessee, justifying cancellation of the Lease by the Lessor.
View Source
CESSION AND SUB-LETTING. The Lessee shall not: 11.1 cede, assign, alienate, pledge or otherwise hypothecate any rights or delegate any of its obligations under this agreement; or 11.2 sub-let or grant possession or occupation, of the whole or any part of the leased premises without the prior written consent of the Lessor, which consent the Lessor will not unreasonably withhold.
View Source

Related to CESSION AND SUB-LETTING

  • ASSIGNMENT AND SUB-LETTING Tenant shall not assign this Agreement, or sub-let or grant any license to use the Premises or any part thereof without the prior written consent of Landlord. A consent by Landlord to one such assignment, sub-letting or license shall not be deemed to be a consent to any subsequent assignment, sub-letting or license. An assignment, sub-letting or license without the prior written consent of Landlord or an assignment or sub-letting by operation of law shall be absolutely null and void and shall, at Landlord's option, terminate this Agreement.

  • SUB-LETTING This Rental Agreement shall not be assigned nor shall the premises be sub-let without written consent of the Landlord.

  • Assignments and Subletting The Tenant shall not assign, mortgage or otherwise encumber or transfer this Lease or sublet the Leased Premises or any part thereof without having obtained the Landlord's prior written consent. The Landlord may withhold its consent arbitrarily to a proposed assignment of this Lease or sublease of the Leased Premises or any part thereof if it elects to exercise its right of termination hereinafter set forth. If such termination right is not exercised, the Landlord covenants not to withhold its consent unreasonably as to any assignee or sublessee who is in satisfactory financial condition, agrees to use the Leased Premises for the purposes and in the manner permitted and specified hereunder, and is otherwise satisfactory to the Landlord. No partial assignment shall be permitted. The Tenant shall not assign this Lease or sublet the Leased Premises or any part thereof unless: a) it shall have received or procured a bona fide written offer to take an assignment or sublease which is not inconsistent with this Lease, and the acceptance of which would not breach any provision of this Lease; and b) it shall have first requested and obtained the consent in writing of the Landlord thereto. Any request for consent shall be in writing and accompanied by a true copy of the offer, all information available to the Tenant and requested by the Landlord as to the responsibility, financial standing and business of the proposed assignee or subtenant and payment of such amount as the Landlord reasonably requires to reimburse it for its time and expense in considering the request for consent. Notwithstanding the provisions of subsection (a), within 10 days after the receipt by the Landlord of such request for consent and of all information which the Landlord shall have requested hereunder, the Landlord shall have the right upon written notice of termination submitted to the Tenant, if the request is to assign this Lease or sublet the Leased Premises, to cancel and terminate this Lease as of a termination date to be stipulated in the notice of termination which shall be not less than 60 days or more than 90 days following the giving of such notice. In such event the Tenant shall surrender the Leased Premises in accordance with such notice of termination and rent and additional rent shall be apportioned and paid to the date of surrender. If such consent shall be given, the Tenant shall assign or sublet, as the case may be, only upon the terms set out in the offer submitted to the Landlord. No assignment or subletting of this Lease shall be effective unless the assignee or sublessee shall execute an assumption agreement on the Landlord's form, prepared at the expense of the Tenant, assuming all the obligations of the Tenant hereunder. The Tenant agrees that any consent to an assignment or subletting of this Lease or Leased Premises shall not thereby release the Tenant of its obligations hereunder. The consent by the Landlord to an assignment or subletting, if granted, shall not constitute a waiver of the necessity for the Tenant to obtain the prior written consent of the Landlord to a subsequent assignment or subletting. Without limitation, the Tenant shall for the purpose of this Lease be considered to assign or sublet in any case where it permits the Leased Premises or any portion thereof to be, or the Leased Premises or any portion thereof are, occupied by persons other than the Tenant, its employees and others engaged in carrying on the business of the Tenant, whether pursuant to assignment, subletting, parting with or sharing possession, license or other right, or where any of the foregoing occurs by operation of law.

  • Due-on-Sale Clauses; Assumption and Substitution Agreements When a Property has been or is about to be conveyed by the Mortgagor, the Servicer shall, to the extent it has knowledge of such conveyance or prospective conveyance, exercise its rights to accelerate the maturity of the related Mortgage Loan under any "due-on-sale" clause contained in the related Mortgage or Note; provided, however, that the Servicer shall not exercise any such right if (i) the "due-on-sale" clause, in the reasonable belief of the Servicer, is not enforceable under applicable law or (ii) the Servicer reasonably believes that to permit an assumption of the Mortgage Loan would not materially and adversely affect the interest of the Owners or of the Certificate Insurer. In such event, the Servicer shall enter into an assumption and modification agreement with the person to whom such property has been or is about to be conveyed, pursuant to which such Person becomes liable under the Note and, unless prohibited by applicable law or the related Mortgage Loan documents, the Mortgagor remains liable thereon. If the foregoing is not permitted under applicable law, the Servicer is authorized to enter into a substitution of liability agreement with such person, pursuant to which the original Mortgagor is released from liability and such person is substituted as Mortgagor and becomes liable under the Note; provided, however, that to the extent any such substitution of liability agreement would be delivered by the Servicer outside of its usual procedures for mortgage loans held in its own portfolio the Servicer shall, prior to executing and delivering such agreement, obtain the prior written consent of the Certificate Insurer. The Mortgage Loan, as assumed, shall conform in all respects to the requirements, representations and warranties of this Agreement. The Servicer shall notify the Trustee that any such assumption or substitution agreement has been completed by forwarding to the Trustee the original copy of such assumption or substitution agreement, which copy shall be added by the Trustee to the related File and which shall, for all purposes, be considered a part of such File to the same extent as all other documents and instruments constituting a part thereof. The Servicer shall be responsible for recording any such assumption or substitution agreements. In connection with any such assumption or substitution agreement, the required monthly payment on the related Mortgage Loan shall not be changed but shall remain as in effect immediately prior to the assumption or substitution, the stated maturity or outstanding principal amount of such Mortgage Loan shall not be changed nor shall any required monthly payments of principal or interest be deferred or forgiven. Any fee collected by the Servicer or the Sub-Servicer for consenting to any such conveyance or entering into an assumption or substitution agreement shall be retained by or paid to the Servicer as additional servicing compensation. Notwithstanding the foregoing paragraph or any other provision of this Agreement, the Servicer shall not be deemed to be in default, breach or any other violation of its obligations hereunder by reason of any assumption of a Mortgage Loan by operation of law or any assumption which the Servicer may be restricted by law from preventing, for any reason whatsoever.

  • ASSIGNMENT AND SUB-CONTRACTING The benefit and burden of this Contract may not be assigned or sub-contracted in whole or in part by the Contractor without the prior written consent of the Department. Such consent may be given subject to any conditions which the Department considers necessary. The Department may withdraw its consent to any sub-contractor where it no longer has reasonable grounds to approve of the sub-contractor or the sub-contracting arrangement and where these grounds have been presented in writing to the Contractor.