Common use of TENANT ASSIGNMENT Clause in Contracts

TENANT ASSIGNMENT. Tenant shall not assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise, or sublet the Leased Premises, in whole or in part, without Landlord’s prior written consent and in no event shall any such assignment or sublease or any subsequent modification, termination, or other action or omission pertaining to this Lease ever release Tenant or any guarantor from any obligation or liability hereunder. No permitted assignee or subtenant of the Leased Premises or any portion thereof may assign or sublet the Leased Premises or any portion thereof. Notwithstanding the foregoing provisions of this ARTICLE 9.00 to the contrary, Tenant may from time to time, without Landlord’s consent, assign this Lease or sublet the Leased Premises, or any portion thereof, to any parent, subsidiary or affiliate of Tenant or any subsidiary of the parent company of Tenant subsidiary of a parent corporation of either Tenant or the guarantor of this Lease (hereinafter collectively referred to as a “Related Party”).

TENANT ASSIGNMENT. Tenant shall not assign, in whole or in part, this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwiseotherwise (including without limitation by transfer of a majority interest of stock, merger, or dissolution, which transfer of majority interest of stock, merger or dissolution shall be deemed an assignment) or mortgage or pledge the same, or sublet the Leased Premises, in whole or in part, without Landlord’s the prior written consent of Landlord, and in no event shall any such assignment or sublease or any subsequent modification, termination, or other action or omission pertaining to this Lease ever release Tenant or any guarantor from any obligation or liability hereunder. Under no circumstances shall Tenant be permitted to sublet the Leased Premises or assign or otherwise convey its rights under this Lease to any other tenant in the Property or to any prospective tenant with which prospective tenant Landlord is negotiating. No permitted assignee or subtenant sublessee of the Leased Premises or any portion thereof may assign or sublet the Leased Premises or any portion thereof. Notwithstanding the foregoing provisions of this ARTICLE 9.00 to the contrary, Tenant may from time to time, without Landlord’s consent, assign this Lease or sublet the Leased Premises, or any portion thereof, to any parent, subsidiary or affiliate of Tenant or any subsidiary of the parent company of Tenant subsidiary of a parent corporation of either Tenant or the guarantor of this Lease (hereinafter collectively referred to as a “Related Party”).