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.
Appears in 2 contracts
Sources: Lease Agreement (Alloy Inc), Lease Agreement (Alloy Inc)