Common use of Operation of Law Clause in Contracts

Operation of Law. The prohibition against a Transfer, without the consent required by this Article 14, will be construed to include a prohibition against: (a) any amalgamation, corporate merger, or Transfer by operation of law; and (b) a mortgage of this Lease by the Tenant either by way of assignment or sublease and in such event, the provisions of this Article 14 will, mutatis mutandis, apply to such mortgage.

Operation of Law. The prohibition against a Transfer, without the consent required by this Article 1413, will be construed to include a prohibition against: (a) any amalgamation, corporate merger, or Transfer by operation of law; and (b) a mortgage of this Lease by the Tenant either by way of assignment or sublease and in such event, the provisions of this Article 14 13 will, mutatis mutandis, apply to such mortgage.