Common use of Conditions for Assignment Clause in Contracts

Conditions for Assignment. The conditions referred to in clause 10.2 are specified for the purposes of section 19(1A) of the ▇▇▇▇ ▇▇▇ and are that: 10.3.1 in relation to an assignment of the whole of this Lease the proposed assignee enters into a direct covenant with the Landlord to comply with the Tenant’s Obligations; or 10.3.2 in relation to the assignment of part only of this Lease, the proposed assignee enters into a direct covenant with the Landlord: 10.3.2.1 to comply with the Tenant’s Obligations in so far as they relate to the part of the Premises to be assigned (“the Permitted Part”), including (without limitation) covenants to comply with the Tenant’s Obligations under: (a) Clause 5.16 and Schedule 10 (Maintenance and Lifecycle Fund) hereof insofar as they relate to a Load Bearing Structure forming part of the Permitted Part from time to time; and (b) Clause 16 (Insurance); and 10.3.3 in either case if reasonably requested to do so by the Landlord, that the proposed assignee provides to the Landlord a guarantee of the proposed assignee’s obligations on the terms of Schedule 9 (Guarantor) by a company or companies or a person or persons that meet the criteria in clause 10.4.2 as if it were an assignee.

Conditions for Assignment. The conditions referred to in clause 10.2 are specified for the purposes of section 19(1A) of the ▇▇▇▇ ▇▇▇ 1927 Act and are that: 10.3.1 in relation to an assignment of the whole of this Lease the proposed assignee enters into a direct covenant with the Landlord to comply with the Tenant’s Obligations; or 10.3.2 in relation to the assignment of part only of this Lease, the proposed assignee enters into a direct covenant with the Landlord: 10.3.2.1 to comply with the Tenant’s Obligations in so far as they relate to the part of the Premises to be assigned (“the Permitted Part”), including (without limitation) covenants to comply with the Tenant’s Obligations under: (a) Clause 5.16 and Schedule 10 (Maintenance and Lifecycle Fund) hereof insofar as they relate to a Load Bearing Structure forming part of the Permitted Part from time to time; and (b) Clause 16 (Insurance); and 10.3.3 in either case if reasonably requested to do so by the Landlord, that the proposed assignee provides to the Landlord a guarantee of the proposed assignee’s obligations on the terms of Schedule 9 (Guarantor) by a company or companies or a person or persons that meet the criteria in clause 10.4.2 as if it were an assignee.