Common use of No Assignment or Sublease Clause in Contracts

No Assignment or Sublease. The Extension Option may not be exercised by, or assigned or otherwise transferred to any person or entity voluntarily or involuntarily, except the Tenant named in this Lease or an assignee of Tenant that is a Permitted Transferee. The parties hereto agree that if Tenant assigns any of its interest in this Lease or subleases more than fifty percent (50%) of the Premises to any one or more persons other than to a Permitted Transferee, this Extension Option shall terminate immediately without the need for any act or notice by either party to be effective.

No Assignment or Sublease. The Extension Option may not be exercised by, or assigned or otherwise transferred to any person or entity voluntarily or involuntarily, except the Tenant named in this Lease or an assignee as a result of Tenant that is a Permitted TransfereeTransfer. The parties hereto agree that if Tenant assigns any of its interest in this Lease or subleases more than fifty thirty-three percent (5033%) of the Premises to any one person or more persons persons, in the aggregate, other than pursuant to a Permitted TransfereeTransfer, this Extension Option shall terminate immediately without the need for any act or notice by either party to be effective.

No Assignment or Sublease. The Extension Option may not be exercised by, or assigned or otherwise transferred to any person or entity voluntarily or involuntarily, except the Tenant named in this Lease or an assignee of Tenant that is a Permitted Transferee. The parties hereto agree that if Tenant assigns any of its interest in this Lease or subleases more than fifty thirty percent (5030%) of the Premises to any one or more persons person other than to a Permitted Transferee, this Extension Option shall terminate immediately without the need for any act or notice by either party to be effective.

No Assignment or Sublease. The Extension Option Options may not be exercised byby or assigned, or assigned or otherwise transferred to any person or entity voluntarily or involuntarily, involuntarily except the by or to a Tenant named in this Lease Affiliate or an assignee of Tenant that is a Permitted Transferee. The parties hereto agree that if If Tenant assigns any of its interest in this Lease (except to a Tenant Affiliate or subleases a Permitted Transferee) or if Tenant is then subleasing more than fifty percent (50%) of the Premises to any one or more persons other than to a Permitted TransfereeLeased Premises, this then the Extension Option Options shall terminate immediately be inapplicable without the need for any act or notice by either party to be effectiveparty.