Right to Assign or Sublease Sample Clauses

Right to Assign or Sublease. Notwithstanding anything to the contrary in the Lease, Lessee shall have the right to assign all or any portion of its interest under this Lease or sublet all or any (i) a subsidiary, division or corporation controlling, controlled by or under common control with Lessee; (ii) a successor corporation related to Lessee by merger, consolidation, nonbankruptcy reorganization, or government action provided the transferee has the financial capacity to perform the obligations of the transferee with respect to this Lease; (iii) a purchaser of substantially all of Lessee's Property located at the Premises as a going concern, provided the transferee has the financial capacity to perform the obligations of the transferee with respect to this Lease, and/or (iv) Lender. Moreover, for the purpose of this Lease, the sale or transfer of any amount of Lessee's capital stock through any public exchange, shall not be deemed an assignment, subletting, or any other transfer of the Lease or the Premises. Lessor shall not be entitled to share any proceeds whatsoever of an assignment or subletting described in subparts (i), (ii), and (iv), above, nor in any proceeds of an assignment or subletting pursuant to subpart (iii), to the extent such subpart (iii) proceeds are given as consideration for the transfer of Lessee's Property (other than Lessee Improvements which are not Exhibit B Improvements). Lessee shall obtain approval from Lessor for any Sublease to another third party tenant, which approval shall not be unreasonably withheld. Lessee shall be entitled to 75%, and Lessor shall be entitled to 25% of any bonus rent received in the event of any Sublease except, however, that Lessor and Lessee shall be permitted to first subtract from such bonus rent Lessor and Lessee's reasonable expenses incurred in subleasing expenses, including, but not limited to attorneys fees incurred in connection with such subletting (up to a maximum amount of $10,000), leasing commission and the out-of-pocket cost of any alterations or other performance required of Lessee in the sublease agreement with the sublessee reasonably incurred by Lessee. Bonus rent shall be defined as the monthly rent actually received as a result of a sublease, which is in excess of the monthly rent delineated in the Lease for that same monthly period.

Right to Assign or Sublease. Tenant will require the Right to Assign the Lease in its entirety or to sublease all or any portion of the Premises without the consent of the Landlord to (a) any entity resulting from a merger or consolidation with Tenant, or (b) any subsidiary or affiliate of Tenant. Upon such an assignment, the assigning Tenant shall be released of all liability under the Lease, as amended, provided that, in the event of an assignment described in clause (b) above, the assignee has financial strength equal to or greater than that of the assigning Tenant at the time of the assignment. Any other assignment or sublease would be made with the prior written consent of the Landlord whose consent shall not be unreasonably withheld or delayed.

Right to Assign or Sublease. Sublessee shall have the right to assign this Sublease or sublease all or a portion of the Subleased Premises upon the receipt of Sublessor’s consent, which consent shall not be unreasonably withheld, conditioned or delayed except as provided in this Section 14.1. Sublessee shall advise Sublessor by notice of (i) Sublessee’s intent to assign this Sublease or sublease all or a portion of the Subleased Premises, (ii) the name of the proposed assignee or sublessee, and (iii) the terms of the proposed assignment or sublease. In addition, Sublessee shall provide Sublessor with the necessary financial information for the assignee. Sublessor shall, within fifteen (15) days of receipt of such notice, and any additional information requested by Sublessor concerning the proposed assignee’s or sublessee’s financial responsibility, elect to: (a) consent to such proposed assignment or sublease; or (b) refuse such consent, which refusal shall be on reasonable grounds.

Right to Assign or Sublease. Landlord and Tenant recognize and --------------------------- specifically agree that this Paragraph 12 is an economic provision, like Rent, and that the Landlord's right to recapture the Premises and/or share in any profits due to an assignment or sublease, was granted by Tenant to Landlord in consideration of certain other economic concessions granted by Landlord to Tenant. Only upon Landlord's prior written consent, which consent shall not be unreasonably withheld, delayed or conditioned and shall be granted only under the circumstances as provided in this ▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇ may assign its interest in this Lease or in the Premises, or sublease all or any part of the Premises, or allow any other person or entity to occupy or use all or any part of the Premises. Any purported assignment or sublease without Landlord's prior written consent shall be voidable at the election of Landlord, and shall constitute an Event of Default (as defined in Paragraph 17.1 below). No consent to one assignment or sublease shall constitute a waiver of the provisions of this Paragraph 12, with respect to another assignment or sublease.

Right to Assign or Sublease. Subject to obtaining Landlord's and Tesseract's prior written consent, to the extent required by the terms of the Master Lease and the SIG Sublease, as the case may be, Sublessee shall have the right, with notice to Sublessor but without Sublessor's consent, to assign this Sublease or to sublease the Subleased Space to any entity controlled or under common control with Sublessee, or to a corporation with which Lessee has merged or consolidated, or to any corporation or other entity which acquires substantially all of Sublessee's assets as a going concern. Except as provided in the preceding sentence, Sublessee shall have no right to assign this Sublease or to further sublet all or any portion of the Subleased Space.

Right to Assign or Sublease. Tenant shall have the right to assign the lease in its entirety, or to sublease all or any portion of the Premises to any related entity without the consent of the Landlord, assuming financial statements are equal to or better than the 2001 statement of the Tenant. It is understood that either the Tenant or the Tenant’s shareholders must have a majority interest in the subletting entity. Any other assignment or sublease shall not be made without the written consent of the Landlord, and such con-sent shall not be unreasonably withheld, delayed or conditioned. Regardless of a sub-lease, Tenant shall still be responsible for the Lease.

Right to Assign or Sublease. Without Landlord's consent, Tenant may (i) assign this Lease in its entirety (including all extension rights, expansion rights and other rights provided herein) or (ii) Sublease all or any portion of the Premises, provided the assignee or sublessee (i) will use the space in question for general office and related purposes consistent with Section 7 above, (ii) is an affiliate of Tenant (including without limitation a parent corporation, subsidiary corporation, "brother-sister" corporation or affiliated partnership), an entity resulting from a merger or consolidation with Tenant or any affiliate of Tenant, an entity succeeding to the business and assets of Tenant, or an entity resulting from the reorganization of Tenant or its affiliates provided any such entity has a net worth equal to or greater than that of Tenant as of the Restatement Effective Date. In the event of such an Assignment or Sublease, and provided that the assignee or sublessee assumes in writing all of the obligations of Tenant under the Lease, Tenant shall be released of all obligations under the Lease. If any such assignee or sublessee under this Section has a net worth greater than Fifty Million Dollars ($50,000,000.00), but less than the net worth of the Tenant as of the execution date of this Lease, Tenant agrees to guarantee the performance of such assignee or sublessee under the Lease for a period of one (1) year after the effective date of the Assignment or Sublease as provided herein; provided further that no such Assignment or Sublease effective prior to October 1, 2010, shall release Tenant of its obligations under this Restated Lease.

Right to Assign or Sublease. Tenant shall not either voluntarily, or by operation of law, assign, transfer, mortgage, pledge, hypothecate or encumber this Lease or any interest therein, and shall not sublet said Premises or any part thereof, or any right or privilege appurtenant thereto.

Right to Assign or Sublease. Landlord and Tenant acknowledge and agree that: