Common use of Effectiveness of Transfer Clause in Contracts

Effectiveness of Transfer. Prior to the date on which any Transfer (whether or not requiring Landlord’s consent) becomes effective, Tenant shall deliver to Landlord a counterpart of the fully executed Transfer document and, if Landlord’s consent is required, Landlord’s standard commercially reasonable form of Consent to Assignment or Consent to Sublease executed by Tenant and the Transferee in which each of Tenant and the Transferee confirms its obligations pursuant to this Lease. Failure or refusal of a Transferee to execute any such instrument shall not release or discharge the Transferee from liability as provided herein. The voluntary, involuntary or other surrender of this Lease by Tenant, or a mutual cancellation by Landlord and Tenant, shall not work a merger, and any such surrender or cancellation shall, at the option of Landlord, either terminate all or any existing subleases or operate as an assignment to Landlord of any or all of such subleases.

Effectiveness of Transfer. Prior to the date on which any permitted Transfer (whether or not requiring Landlord’s 's consent) becomes effective, Tenant shall deliver to Landlord a counterpart of the fully executed Transfer document and, if and Landlord’s consent is required, Landlord’s 's standard commercially form (which shall contain only reasonable form terms and conditions) of Consent to Assignment or Consent to Sublease executed by Tenant and the Transferee in which each of Tenant and the Transferee confirms its obligations pursuant to this Lease. Failure or refusal of a Transferee to execute any such instrument shall not release or discharge the Transferee from liability as provided herein. The voluntary, involuntary or other surrender of this Lease by Tenant, or a mutual cancellation by Landlord and Tenant, shall not work a merger, and any such surrender or cancellation shall, at the option of Landlord, either terminate all or any existing subleases or operate as an assignment to Landlord of any or all of such subleases.

Effectiveness of Transfer. Prior to the date on which any permitted Transfer (whether or not requiring Landlord’s consent) becomes effective, Tenant shall deliver to Landlord a counterpart of the fully executed Transfer document and, if and Landlord’s consent is required, Landlord’s standard commercially reasonable approved form of Consent consent to Assignment assignment or Consent consent to Sublease sublease, which shall be reasonable and which Landlord shall provide to Tenant upon request, executed by Tenant and the Transferee transferee in which each of Tenant and the Transferee transferee confirms its obligations pursuant to this Lease. Failure or refusal of a Transferee transferee to execute any such instrument shall not release or discharge the Transferee transferee from liability as provided herein. The voluntary, involuntary or other surrender of this Lease by Tenant, or a mutual cancellation by Landlord and Tenant, shall not work a merger, and any such surrender or cancellation shall, at the option of Landlord, either terminate all or any existing subleases or operate as an assignment to Landlord of any or all of such subleases.

Effectiveness of Transfer. Prior Except in the case of any Permitted Transfer, prior to the date on which any Transfer (whether or not requiring Landlord’s consent) becomes effective, Tenant shall deliver to Landlord a counterpart of the fully executed Transfer document and, if Landlord’s consent is required, and Landlord’s standard commercially reasonable form of Consent to Assignment or Consent to Sublease (subject to such commercially reasonable changes requested by Tenant or the Transferee) executed by Tenant and the Transferee in which each of Tenant and the Transferee confirms its obligations pursuant to this Lease. Failure or refusal of a Transferee to execute any such instrument shall not release or discharge the Transferee from liability as provided hereinany liability. The voluntary, involuntary or other surrender of this Lease by Tenant, or a mutual cancellation by Landlord and Tenant, shall not work a merger, and any such surrender or cancellation shall, at the option of Landlord, either terminate all or any existing subleases or operate as an assignment to Landlord of any or all of such subleases.