Permitted Assignment by Tenant Clause Samples

The Permitted Assignment by Tenant clause defines the circumstances under which a tenant is allowed to transfer their lease rights or obligations to another party. Typically, this clause outlines specific conditions or approvals required for such an assignment, such as obtaining the landlord’s consent or meeting certain financial criteria. By establishing clear guidelines for when and how assignments can occur, the clause provides flexibility for tenants while protecting the landlord’s interests, ultimately ensuring that both parties understand the process and limitations of transferring lease responsibilities.
POPULAR SAMPLE Copied 1 times
Permitted Assignment by Tenant. Notwithstanding anything to the contrary herein, Tenant may assign all or a portion of its rights and obligations hereunder to (i) to one or more Affiliates of Tenant, (ii) to any person succeeding to all or substantially all of the assets of Tenant, (iii) to an entity that acquires the Solar
View SourceView Similar (3)
Permitted Assignment by Tenant. 19 (1) Tenant may after the Demised Premises has been open to the public for 20 thirty-six (36) months, assign this Lease (it being agreed that any assignment of this Lease by the 21 consummation of any merger, consolidation, or purchase of stock shall be deemed an assignment of this 22 Lease) to any successor by merger or consolidation with respect to, or purchaser of all or substantially all 23 of Tenant's stock (or other equity interests) or assets related to, Tenant's business, provided that such 24 successor or purchaser (such successor or purchaser being herein called a "Successor"), is deemed 25 qualified by Landlord and Net Lessor, each in its good faith discretion, based on all criteria considered 26 relevant by them, including without limitation financial capacity and capability, business reputation, and 27 venue design, construction and operation experience in comparison to that of Tenant, Tenant's Parent and
View SourceView Similar (2)

Related to Permitted Assignment by Tenant

  • Assignment by Lessor The terms and conditions of each Schedule have been fixed by Lessor in order to permit Lessor to sell and/or assign or transfer its interest or grant a security interest in each Schedule and/or the Equipment to a Secured Party or Assignee. In that event, the term Lessor will mean the Assignee and any Secured Party. However, any assignment, sale, or other transfer by Lessor will not relieve Lessor of its obligations to Lessee and will not materially change Lessee's duties or materially increase the burdens or risks imposed on Lessee. The Lessee consents to and will acknowledge such assignments in a written notice given to Lessee. Lessee also agrees that: (a) The Secured Party will be entitled to exercise all of Lessor's rights, but will not be obligated to perform any of the obligations of Lessor. The Secured Party will not disturb Lessee's quiet and peaceful possession and unrestricted use of the Equipment so long as Lessee is not in default and the Secured Party continues to receive all Rent payable under the Schedule; and (b) Lessee will pay all Rent and all other amounts payable to the Secured Party, despite any defense or claim which it has against Lessor. Lessee reserves its right to have recourse directly against Lessor for any defense or claim; (c) Subject to and without impairment of Lessee's leasehold rights in the Equipment, Lessee holds the Equipment for the Secured Party to the extent of the Secured Party's rights in that Equipment.

  • Assignment by Landlord Landlord shall have the right to transfer and assign, in whole or in part, all its rights and obligations hereunder, in the Premises, and in such event and upon such transfer no further liability or obligation shall thereafter accrue against Landlord hereunder.

  • Assignment by Lessee Lessee may transfer or assign its rights and obligations under this Agreement without the consent of Operator but shall deliver to Operator written notice of such transfer or assignment not less than ten (10) days prior to the effective date thereof; provided, however, in the event of the assignment of this Agreement to a party that is not an Affiliate, Operator shall have the right to terminate this Agreement within 15 days after receipt of written notice of such assignment, which termination will be effective within 30 days of Lessee’s receipt of such termination notice. Any transfer or assignment of this Agreement by Lessee shall include an express assumption by the transferee or assignee of Lessee’s obligations hereunder. Nothing herein shall be deemed to require Lessee to assign or attempt to assign this Agreement to any third party, including any buyer of a Hotel.

  • Payment by Tenant Tenant shall pay to Landlord, within fifteen (15) days after delivery by Landlord to Tenant of statements therefor: (i) sums equal to expenditures reasonably made and obligations incurred by Landlord in connection with Landlord’s performance or cure of any of Tenant’s obligations pursuant to the provisions of Section 19.2.3 above; and (ii) sums equal to all expenditures made and obligations incurred by Landlord in collecting or attempting to collect the Rent or in enforcing or attempting to enforce any rights of Landlord under this Lease or pursuant to law, including, without limitation, all legal fees and other amounts so expended. Tenant’s obligations under this Section 19.3 shall survive the expiration or sooner termination of the Lease Term.

  • Assignment by Owner 51 Section 12.11