No Sublease or Assignment Clause Samples
The "No Sublease or Assignment" clause prohibits the tenant from transferring their lease rights or obligations to another party without the landlord's prior written consent. In practice, this means the tenant cannot rent out the premises to a subtenant or assign the lease to someone else, even temporarily, unless the landlord explicitly approves such an arrangement. This clause ensures the landlord maintains control over who occupies the property, thereby protecting their interests and minimizing potential risks associated with unknown or unapproved occupants.
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No Sublease or Assignment. The Tenant shall not allow any other party or parties to occupy any portion of the Hangar or Tie‐ Down area either by assignment, sublease, license, or permit. Tenants who sell their aircraft to a new owner must inform ▇▇▇▇▇▇ County within 30 days.
No Sublease or Assignment. Resident shall not rent, sublease, transfer, or assign Resident’s
No Sublease or Assignment. The Tenant shall not allow any other party or parties to occupy any portion of the hangar or tie-down area either by assignment, sublease, license, or permit. Tenants who no longer have an operational aircraft to store must inform ▇▇▇▇▇▇ County within 10 calendar days.
No Sublease or Assignment. Lessee shall not sublease the Equipment, relinquish possession of the Equipment, or assign, pledge or hypothecate this Lease or any of Lessee's rights or obligations hereunder, in whole or in part, without the prior written consent of Lessor, and any such attempted relinquishment of possession, assignment, pledge or hypothecation by Lessee without such consent shall be null and void. Notwithstanding the foregoing, Lessee shall have the right, without the need for consent of Lessor, to assign its rights in this Lease and any other Transaction Documents (i) to an assignee of Lessee's rights under the Hotel Lease, (ii) to a purchaser or new lessee of the Hotel, (iii) to HMC Owner (with HMC Owner having the right to assign its interest to any Facility Mortgagee) or (iv) to Facility Mortgagee upon a Repossession Event, provided that in the case of (i) or (ii), the assignee, purchaser or lessee meets the financial suitability standards for assignment of the Management Agreement.
No Sublease or Assignment. Grantor shall not consent to any subletting of the Mortgaged Property or any part thereof, nor to any assignment of any Lease by any Lessee thereunder, nor to any assignment or further subletting of any sublease, without obtaining in each instance the prior written consent of ▇▇▇▇▇▇.
No Sublease or Assignment. Borrower shall not consent to any ------------------------- subletting of the Mortgaged Property or any part thereof, nor to any assignment of any Lease by any Lessee thereunder, nor to any assignment or further subletting of any sublease, without obtaining in each instance the prior written consent of Lender which shall not be unreasonably withheld.
No Sublease or Assignment. The Lessee will not let, underlet, assign the Property, or any part thereof, without the prior written consent of Lessor, which consent will not be unreasonably withheld.
No Sublease or Assignment. Tenant shall not sublease, assign, mortgage, pledge, or otherwise encumber this Lease or any of its rights hereunder, except with the prior written consent of Landlord; which consent shall not be unreasonably withheld based upon the reasonable approval of the financial responsibilities and capabilities and general character of any proposed assignee or subtenant; provided, however, in the event of any assignment or sublease of all or any part of the Premises the Tenant shall remain fully liable and responsible for the obligations imposed under this Lease. Notwithstanding the foregoing to the contrary, Landlord's consent shall not be required in the event of Tenant's merger or consolidation with any entity which controls or is controlled by Tenant or is under common control with Tenant.
No Sublease or Assignment. Tenant may not sublet all or any of the Premises nor assign this lease.
No Sublease or Assignment. Westaim shall not sublet, assign or part with possession of the Equipment or permit its use by any other Person other than Westaim, except for sublets or assignments to an Affiliate of Westaim where Westaim remains responsible to S&N for the performance of all obligations under this Agreement. Nothing herein contained shall release Westaim from its obligations to perform any duty, covenant or condition required to be performed under this Agreement.