Terms and Conditions Applicable to Assignment and Subletting. (a) Regardless of Landlord's consent, any assignment or subletting shall not be effective without the express written assumption by such assignee or sublessee of the obligations of Tenant under this Lease, or releases Tenant of any obligations hereunder. (b) Except as otherwise set forth herein, neither a delay in the approval or disapproval of such assignment nor the acceptance of any rent or performance shall constitute a waiver or estoppel of Landlord's right to exercise its remedies for the default or breach by Tenant of any of the terms, covenants or conditions of this Lease. (c) The consent of Landlord to any assignment or subletting shall not constitute a consent to an, subsequent assignment or subletting by Tenant or to any subsequent or successive assignment or subletting by the sublessee. (d) In the event of any default or breach of Tenant's obligations under this Lease, Landlord may proceed directly against Tenant any guarantors or anyone else responsible for the performance of the Tenant's obligations under this Lease, including the sublessee, without first exhausting Landlord's remedies against any other person or entity responsible therefor to Landlord, or any security held by Landlord or Tenant. (e) Each request for consent to an assignment or subletting shall be in writing, accompanied by information relevant to Landlord's determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited to the intended use and/or required modification of the Premises, if any. Tenant agrees to provide Landlord with such other or additional information and/or documentation as may be reasonably requested by Landlord. (f) Any assignee of, or sublessee under, this Lease shall, by reason of accepting such assignment or entering into such sublease, be deemed, for the benefit of Landlord, to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be observed or performed by Tenant during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Landlord has specifically consented in writing.
Appears in 1 contract
Terms and Conditions Applicable to Assignment and Subletting. (a) Regardless of Landlord's consent, any assignment or subletting shall not not: (i) be effective without the express written assumption by such assignee or sublessee subtenant of the obligations of Tenant under this Lease, or releases (ii) release Tenant of any obligations hereunder, or (iii) alter the primary liability of Tenant for the payment of Rent or for the performance of any other obligations to be performed by Tenant.
(b) Except as otherwise set forth herein, neither Landlord may accept Rent or performance of Tenant's obligations from any person other than Tenant pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of any rent Rent or performance shall constitute a waiver or estoppel of Landlord's right to exercise its remedies for the default Tenant's Default or breach by Tenant of any of the terms, covenants or conditions of this LeaseBreach.
(c) The Landlord's consent of Landlord to any assignment or subletting shall not constitute a consent to an, any subsequent assignment or subletting by Tenant or to any subsequent or successive assignment or subletting by the sublesseesubletting.
(d) In the event of any default Default or breach Breach by Tenant, Landlord may proceed directly against Tenant, any Guarantors or anyone else responsible for the performance of Tenant's obligations under this Lease, Landlord may proceed directly against Tenant including any guarantors assignee or anyone else responsible for the performance of the Tenant's obligations under this Lease, including the sublesseesubtenant, without first exhausting Landlord's remedies against any other person or entity responsible therefor therefore to Landlord, or any security held by Landlord or TenantLandlord.
(e) Each request for consent to an assignment or subletting shall be in writing, accompanied by information relevant to Landlord's determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublesseesubtenant, including but not limited to the intended use and/or required modification of the Premises, if any, together with a fee not to exceed $1,000, as consideration for Landlord's considering and processing said request. Tenant agrees to provide Landlord with such other or additional information and/or documentation as may be reasonably requested by requested. Landlord shall provide its written response to Tenant's request for consent within fifteen (15) days following Landlord's receipt of Tenant's written request, all required information and the required fee.
(f) Any assignee of, or sublessee subtenant under, this Lease shall, by reason of accepting such assignment or entering into such sublease, be deemed, for the benefit of Landlord, deemed to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be observed or performed by Tenant during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Landlord has specifically consented in writing.with
Appears in 1 contract
Sources: Standard Industrial/Commercial Lease Agreement (Intuit Inc)
Terms and Conditions Applicable to Assignment and Subletting. (a) Regardless of LandlordLessor's consent, any assignment or subletting shall not not, unless evidenced by a written agreement signed by Lessor: (i) be effective without the express written assumption by such assignee or sublessee of the obligations of Tenant Lessee under this Lease, or releases Tenant ; (ii) release Lessee of any obligations hereunder; or (iii) alter the primary liability of Lessee for the payment of Rent or for the performance of any other obligations to be performed by Lessee.
(b) Except as otherwise set forth herein, neither Lessor may accept Rent or performance of Lessee's obligations from any person other than Lessee pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of any rent Rent or performance shall constitute a waiver or estoppel of LandlordLessor's right to exercise its remedies for the default Lessee's Default or breach by Tenant of any of the terms, covenants or conditions of this LeaseBreach.
(c) The Lessor's consent of Landlord to any assignment assignment, or subletting shall not constitute a consent to an, any subsequent assignment or subletting by Tenant or to any subsequent or successive assignment or subletting by the sublesseesubletting.
(d) In the event of any default or breach of Tenant's obligations under this LeaseBreach by Lessee, Landlord Lessor may proceed directly against Tenant any guarantors Lessee, or anyone else responsible for the performance of the TenantLessee's obligations under this LeaseLease including any assignee or sublessee, including and/or may draw upon the sublesseeLetter of Credit, at the same time or in any order, without first exhausting LandlordLessor's remedies against any other person or entity responsible therefor therefore to LandlordLessor, or any security held by Landlord or TenantLessor.
(e) Each request for consent to an assignment or subletting shall be in writing, accompanied by information relevant to LandlordLessor's determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited to the intended use and/or required modification of the Premises, if any, together with a fee of $500 as consideration for Lessor's considering and processing said request. Tenant Lessee agrees to provide Landlord Lessor with such other or additional information and/or documentation as may be reasonably requested by Landlordrequested.
(f) Any assignee of, or sublessee under, this Lease shall, shall by reason of accepting such assignment or entering into such sublease, be deemed, for the benefit of Landlord, deemed to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be observed or performed by Tenant Lessee during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Landlord Lessor has specifically consented to in writing.
(g) In the case of a subletting, one-half (1/2) of any sums or economic consideration received by Lessee as a result of or in connection with the subletting shall be paid to Lessor upon receipt after first deducting (i) the rental due under this Lease, prorated to reflect only rental allocable to the sublet portion of the Premises, (ii) the cost of leasehold improvements made to the sublet portion of the Premises at Lessee's cost, amortized over the remaining term of this Lease at the time of such subletting, except for leasehold improvements made for the specific benefit of the sublessee, which shall be amortized over the term of the sublease, and (iii) the cost of any real estate commissions, reasonable attorney fees, or other third party professional services paid by Lessee in connection with the subletting. In the case of an assignment of this Lease, one-half (1/2) of any sums or economic consideration received by Lessee as a result of or in connection with the assignment shall be paid to Lessor upon receipt after first deducting the cost of any real estate commissions, reasonable attorney fees, or other third party professional services paid by Lessee in connection with the assignment. The consideration received by Lessee to be shared with Lessor shall exclude any consideration fairly
Appears in 1 contract
Sources: Lease Agreement (Etoys Inc)
Terms and Conditions Applicable to Assignment and Subletting. (a) Regardless of Landlord's Lessor’s consent, any assignment or subletting shall not not: (i) be effective without the express written assumption by such assignee or sublessee of the obligations of Tenant Lessee under this Lease, or releases Tenant ; (ii) release Lessee of any obligations hereunder; or (iii) alter the primary liability of Lessee for the payment of Rent or for the performance of any other obligations to be performed by Lessee.
(b) Except as otherwise set forth herein, neither Lessor may accept Rent or performance of Lessee’s obligations from any person other than Lessee pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of any rent Rent or performance shall constitute a waiver or estoppel of Landlord's Initials /s/ DEH/PAS Lessor’s right to exercise its remedies for the default Lesso? ??fault or breach by Tenant of any of the terms, covenants or conditions of this LeaseBreach.
(c) The Lessor’s consent of Landlord to any assignment as????ment or subletting shall not constitute a consent to an, any subsequent assignment or subletting by Tenant or to any subsequent or successive assignment or subletting by the sublesseesubletting.
(d) In the event of any default Default or breach of Tenant's obligations under this LeaseBreach by Lessee, Landlord Lessor may proceed directly against Tenant Lessee, any guarantors Guarantors or anyone else responsible for the performance of the Tenant's Lessee’s obligations under this Lease, including the any assignee or sublessee, without first exhausting Landlord's Lessor’s remedies against any other person or entity responsible therefor therefore to LandlordLessor, or any security held by Landlord or TenantLessor.
(e) Each request for consent to an assignment or subletting shall be in writing, accompanied by information relevant to Landlord's Lessor’s determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited to the intended use and/or required modification of the Premises, if any. Tenant , Lessee agrees to provide Landlord Lessor with such other or additional information and/or documentation as may be reasonably requested by Landlordrequested. This provision is inapplicable as to subleases with Lessee’s vehicle supplying customers, as set forth in Sec. 12.1 (a).
(f) Any assignee of, or sublessee under, this Lease shall, by reason of accepting such assignment or entering into such sublease, be deemed, for the benefit of Landlord, deemed to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be observed or performed by Tenant Lessee during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Landlord Lessor has specifically consented to in writing.
Appears in 1 contract
Sources: Lease Amendment (Copart Inc)
Terms and Conditions Applicable to Assignment and Subletting. (a) Regardless of Landlord's consent, any no assignment or subletting shall not shall: (i) be effective without the express written assumption by such assignee or sublessee subTenant of the obligations of Tenant under this Lease, or releases (ii) release Tenant of any obligations hereunderhereunder unless agreed to in writing by the Landlord, or (iii) alter the primary liability of Tenant for the payment of Rent or for the performance of any other obligations to be performed by Tenant, unless otherwise agreed to in writing by the Landlord.
(b) Except as otherwise set forth herein, neither Landlord may accept Rent or performance of Tenant's obligations from any person other than Tenant pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of any rent Rent or performance shall constitute a waiver or estoppel of Landlord's right to exercise its remedies for the default Tenant's Default or breach by Tenant of any of the terms, covenants or conditions of this LeaseBreach.
(c) The Landlord's consent of Landlord to any assignment or subletting shall not constitute a consent to an, any subsequent assignment or subletting by Tenant or to any subsequent or successive assignment or subletting by the sublesseesubletting.
(d) In the event of any default Default or breach Breach by Tenant, Landlord may proceed directly against Tenant, any Guarantors or anyone else responsible for the performance of Tenant's obligations under this Lease, Landlord may proceed directly against Tenant including any guarantors assignee or anyone else responsible for the performance of the Tenant's obligations under this Lease, including the sublesseesubTenant, without first exhausting Landlord's remedies against any other person or entity responsible therefor to Landlord, or any security held by Landlord or TenantLandlord.
(e) Each request for consent to an assignment or subletting shall be in writing, accompanied by information relevant to Landlord's determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublesseesub-tenant, including but not limited to the intended use and/or required modification of the Premises, if any. Tenant agrees to provide Landlord with such other or additional information and/or documentation as may be reasonably requested by Landlord.requested. Initials: ____ ____ page 17 of 19
(f) Any assignee of, or sublessee sub-tenant under, this Lease shall, by reason of accepting such assignment or assignment, entering into such sublease, or entering into possession of the Premises or any portion thereof, be deemed, for the benefit of Landlord, deemed to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be observed or performed by Tenant during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Landlord has specifically consented to in writing.
(g) Landlord's consent to any assignment or subletting shall not transfer to the assignee or subTenant any Option granted to the original Tenant by this Lease unless such transfer is specifically consented to by Landlord in writing.
Appears in 1 contract
Sources: Commercial Real Estate Lease (STWC. Holdings, Inc.)
Terms and Conditions Applicable to Assignment and Subletting. (a) Regardless of LandlordLessor's consent, any assignment or subletting shall not not: (i) be effective without the express written assumption by such assignee or sublessee of the obligations of Tenant Lessee under this Lease, or releases Tenant ; (ii) release Lessee of any obligations hereunder;, or (iii) alter the primary liability of Lessee for the payment of Rent or for the performance of any other obligations to be performed by Lessee.
(b) Except as otherwise set forth herein, neither Lessor may accept Rent or performance of Lessee's obligations from any person other than Lessee pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of any rent Rent or performance shall constitute a waiver or of estoppel of LandlordLessor's right to exercise its remedies for the default Lessee's Default or breach by Tenant of any of the terms, covenants or conditions of this LeaseBreach.
(c) The Lessor's consent of Landlord to any assignment or subletting shall not constitute a consent to an, any subsequent assignment or subletting by Tenant or to any subsequent or successive assignment or subletting by the sublesseesubletting.
(d) In the event of any default Default or breach of Tenant's obligations under this LeaseBreach by Lessee, Landlord may Lessor may, after providing ten (10) days notice, proceed directly against Tenant Lessee, any guarantors Guarantors or anyone else responsible for the performance of the TenantLessee's obligations under this Lease, including the any assignee or sublessee, without first exhausting LandlordLessor's remedies remedies, against any other person or entity responsible therefor therefore to LandlordLessor, or any security held by Landlord or TenantLessor.
(e) Each request for consent to an assignment or subletting shall be in writing, accompanied by information relevant to LandlordLessor's determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited to the intended use and/or required modification of the Premises, if any, together with a fee of $1,000 or ten percent (10%) of the current monthly Base Rent applicable to the portion of the Premises which is the subject of the proposed assignment or sublease, whichever is greater, as consideration for Lessor's considering and processing said request. Tenant Lessee agrees to provide Landlord Lessor with such other or additional information and/or documentation as may be reasonably requested by Landlordrequested.
(f) Any assignee of, or sublessee under, this Lease shall, by reason of accepting such assignment or entering into such sublease, be deemed, for the benefit of Landlord, deemed to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be observed or performed by Tenant Lessee during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Landlord Lessor has specifically consented to in writing.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease (Graphon Corp/De)
Terms and Conditions Applicable to Assignment and Subletting. (a) Regardless of Landlord's Lessor’s consent, any assignment or subletting shall not not: (i) be effective without the express written assumption by such assignee or sublessee of the obligations of Tenant Lessee under this Lease, or releases Tenant (ii) release Lessee of any obligations hereunder, or (iii) alter the primary liability of Lessee for the payment of Rent or for the performance of any other obligations to be performed by Lessee, unless Lessee is specifically released from liability in writing by Lessor.
(b) Except as otherwise set forth herein, neither Lessor may accept Rent or performance of Lessee’s obligations from any person other than Lessee pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of any rent Rent or performance shall constitute a waiver or estoppel of Landlord's Lessor’s right to exercise its remedies for the default or breach by Tenant upon an Event of any of the terms, covenants or conditions of this LeaseDefault.
(c) The Lessor’s consent of Landlord to any assignment or subletting shall not constitute a consent to an, any subsequent assignment or subletting by Tenant or to any subsequent or successive assignment or subletting by the sublesseesubletting.
(d) In the event of any default or breach Event of Tenant's obligations under this LeaseDefault by Lessee, Landlord Lessor may proceed directly against Tenant any guarantors Lessee or anyone else responsible for the performance of the Tenant's Lessee’s obligations under this Lease, including the any assignee or sublessee, without first exhausting Landlord's Lessor’s remedies against any other person or entity responsible therefor therefore to LandlordLessor, or any security held by Landlord or TenantLessor.
(e) Each request for consent to an assignment or subletting shall be in writing, accompanied by information relevant to Landlord's Lessor’s determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited to the intended use and/or required modification of the Premises, if any. Tenant Lessee agrees to provide Landlord Lessor with such other or additional information and/or documentation as may be reasonably requested. Lessee shall reimburse Lessor for all reasonable out of pocket costs actually incurred by Lessor in connection with the consideration of any request, including attorneys’ fees up to a maximum of $2,000 per requested by Landlordassignment or sublease.
(f) Any assignee of, or sublessee under, this Lease shall, by reason of accepting such assignment or entering into such sublease, be deemed, for the benefit of Landlord, deemed to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be observed or performed by Tenant Lessee during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Landlord Lessor has specifically consented to in writing.
Appears in 1 contract
Terms and Conditions Applicable to Assignment and Subletting. (a) 15.2.1 Regardless of Landlord's consent, any assignment or subletting shall not not: (i) be effective without the express written assumption by such assignee or sublessee subtenant of the obligations of Tenant under this Lease, or releases (ii) release Tenant of any obligations hereunderhereunder or any guarantor of any obligations under the Guaranty, or (iii) alter the primary liability of Tenant for the payment of Rent or for the performance of any other obligations to be performed by Tenant.
(b) Except as otherwise set forth herein, neither 15.2.2 Landlord may accept Rent or performance of Tenant's obligations from any person other than Tenant pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of any rent Rent or performance shall constitute a waiver or estoppel of Landlord's right to exercise its remedies for the default or breach by Tenant Tenant's violation of any of the terms, covenants term or conditions provision of this Lease.
(c) The 15.2.3 Landlord's consent of Landlord to any assignment or subletting shall not constitute a consent to an, any subsequent assignment or subletting by Tenant or to any subsequent or successive assignment or subletting by the sublesseesubletting.
(d) In the event of any default or breach of Tenant's obligations under this Lease, Landlord may proceed directly against Tenant any guarantors or anyone else responsible for the performance of the Tenant's obligations under this Lease, including the sublessee, without first exhausting Landlord's remedies against any other person or entity responsible therefor to Landlord, or any security held by Landlord or Tenant.
(e) 15.2.4 Each request for consent to an assignment or subletting shall be in writing, accompanied by information relevant to Landlord's determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited to the intended use and/or required modification of the Premises, if anysubtenant ("Request"). Tenant agrees to provide Landlord with such other or additional information and/or documentation as may be reasonably requested by Landlordrequested.
(f) 15.2.5 Any assignee of, or sublessee under, subtenant under this Lease shall, by reason of accepting such assignment or entering into such sublease, be deemed, for the benefit of Landlord, deemed to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be observed or performed by Tenant during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Landlord has specifically consented to in writing.
Appears in 1 contract
Terms and Conditions Applicable to Assignment and Subletting. (a) Regardless of LandlordLessor's consent, any assignment or subletting shall not not: (i) be effective without the express written assumption by such assignee or sublessee of the obligations of Tenant Lessee under this Lease, or releases Tenant (ii) release Lessee of any obligations hereunder, or (iii) alter the primary liability of Lessee for the payment of Rent or for the performance of any other obligations to be performed by Lessee.
(b) Except as otherwise set forth herein, neither Lessor may accept Rent or performance of Lessee's obligations from any person other than Lessee pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of any rent Rent or performance shall constitute a waiver or estoppel of LandlordLessor's right to exercise its remedies for the default Lessee's Default or breach by Tenant of any of the terms, covenants or conditions of this LeaseBreach.
(c) The Lessor's consent of Landlord to any assignment or subletting shall not constitute a consent to an, any subsequent assignment or subletting by Tenant or to any subsequent or successive assignment or subletting by the sublessee.subletting. Initials _______ _______ 15
(d) In the event of any default Default or breach of Tenant's obligations under this LeaseBreach by Lessee, Landlord Lessor may proceed directly against Tenant Lessee, any guarantors Guarantors or anyone else responsible for the performance of the TenantLessee's obligations under this Lease, including the any assignee or sublessee, without first exhausting LandlordLessor's remedies against any other person or entity responsible therefor therefore to LandlordLessor, or any security held by Landlord or TenantLessor.
(e) Each request for consent to an assignment or subletting shall be in writing, accompanied by information relevant to LandlordLessor's determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited to the intended use and/or required modification of the Premises, if any, together with a fee of $1,000 or ten percent (10%) of the current monthly Base Rent applicable to the portion of the Premises which is the subject of the proposed assignment or sublease, whichever is greater, as consideration for Lessor's considering and processing said request. Tenant Lessee agrees to provide Landlord Lessor with such other or additional information and/or documentation as may be reasonably requested by Landlordrequested.
(f) Any assignee of, or sublessee under, this Lease shall, by reason of accepting such assignment or entering into such sublease, be deemed, for the benefit of Landlord, deemed to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be observed or performed by Tenant Lessee during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Landlord Lessor has specifically consented to in writing.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease Net (Gumtech International Inc \Ut\)
Terms and Conditions Applicable to Assignment and Subletting. (a) Regardless of Landlord's Lessor’s consent, any no assignment or subletting shall not be effective without the express written assumption by such assignee or sublessee of the obligations of Tenant Lessee under this Lease, Lease with respect to the portion of the Premises assigned or releases Tenant of any obligations hereundersubleased.
(b) Except as otherwise set forth herein, neither Lessor may accept rent or performance of Lessee’s obligations from any person other than Lessee pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of any rent Rent or performance shall constitute a waiver or estoppel of Landlord's Lessor’s right to exercise its remedies for Lessee’s Default or Breach. In the default event Lessor does not consent to an assignment or breach by Tenant of any of the termssublease within fifteen (15) business days after Lessee’s request, covenants then Lessor shall be deemed to have consented to said sublease or conditions of this Leaseassignment.
(c) The Lessor’s consent of Landlord to any assignment or subletting shall not constitute a consent to an, any subsequent assignment or subletting by Tenant or to any subsequent or successive assignment or subletting by the sublesseesubletting.
(d) In the event of any default Default or breach of Tenant's obligations under this LeaseBreach by Lessee, Landlord Lessor may proceed directly against Tenant any guarantors Lessee, or anyone else responsible for the performance of the Tenant's Lessee’s obligations under this Lease, including the any assignee or sublessee, without first exhausting Landlord's Lessor’s remedies against any other person or entity responsible therefor to LandlordLessor, or any security held by Landlord or TenantLessor.
(e) Each request for consent to an assignment or subletting shall be in writing, accompanied by information relevant to Landlord's Lessor’s determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited to the intended use and/or required modification of the Premises, if any, together with a fee of $500 as consideration for Lessor’s considering and processing said request. Tenant Lessee agrees to provide Landlord Lessor with such other or additional information and/or documentation as may be reasonably requested by Landlordrequested.
(f) Any assignee of, or sublessee under, this Lease shall, by reason of accepting such assignment or entering into such sublease, be deemed, for the benefit of Landlord, deemed to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be observed or performed by Tenant Lessee during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Landlord Lessor has specifically consented to in writing.
(g) Lessor’s consent to any assignment or subletting shall not transfer to the assignee or sublessee any Option granted to the original Lessee by this Lease.
(h) Lessor shall execute documents reasonably required or requested by Lessee to recognize a permitted assignment or sublease, subject to applicable Lessor approvals, without further conditions.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease Net (Chromavision Medical Systems Inc)