Common use of Consent to Assignment or Subletting Clause in Contracts

Consent to Assignment or Subletting. If the Landlord does not exercise its rights set out in Section 13.13, the Tenant may sublet the Premises or assign this Lease, as applicable, to the Transferee on the terms and conditions contained in the Transfer Agreement, subject to the consent of the Landlord being first obtained, which consent may not be unreasonably withheld, but which may be conditional upon, in the case of an assignment of this Lease, the Transferee executing and delivering an agreement to the Landlord agreeing to be bound by the terms of the Lease.

Appears in 1 contract

Sources: Lease of Industrial Space (Lululemon Corp.)

Consent to Assignment or Subletting. If the Landlord does not exercise its rights set out in Section 13.1312.13, the Tenant may sublet the Premises or assign this Lease, as applicable, to the Transferee on the terms and conditions contained in the Transfer Agreement, subject to the consent of the Landlord being first obtained, which consent may not be unreasonably withheld, but which may be conditional upon, in the case of an assignment of this Lease, the Transferee executing and delivering an agreement to the Landlord agreeing to be bound by the terms of the Lease.

Appears in 1 contract

Sources: Office Lease (Lululemon Corp.)