Common use of Permitted Assignments and Subleases Clause in Contracts

Permitted Assignments and Subleases. As an exception to the general rule established in Section 21.01 of this Lease Agreement, and subject to LANDLORD’s prior consent, which consent shall not be unreasonably withheld, conditioned or delayed in any manner, TENANT may assign its rights under this Lease Agreement, or sublease the Leased Premises or a part thereof, to any party, parent, affiliate, or subsidiary whose operations are compatible with those of TENANT. LANDLORD’s consent to the assignment or sublease will require TENANT to be in full compliance with its obligations under this Lease Agreement, including the payment of Rent.

Permitted Assignments and Subleases. As an exception to the general rule established in Section 21.01 of this Lease Agreement, and subject to LANDLORD’s Landlord's prior consent, which consent shall not be unreasonably withheld, conditioned or delayed in any manner, TENANT Tenant may assign its rights under this Lease Agreement, or sublease the Leased Premises or a part thereof, to any party, parent, affiliate, or subsidiary whose operations are compatible with those of TENANTTenant. LANDLORD’s Landlord's consent to the assignment or sublease will require TENANT Tenant to be in full compliance with its obligations under this Lease Agreement, including the payment of or Rent.