Common use of Transfer by Tenant Clause in Contracts

Transfer by Tenant. Tenant shall not assign, sublet, or otherwise ------------------ transfer, or permit a transfer of, all or any portion of its interest in this Lease, the Premises, or of a controlling interest in any Tenant entity, without Landlord's prior written consent, which shall not be unreasonably withheld. No such consent shall relieve Tenant of any liability under this Lease, nor shall it constitute consent to any further transfer. As a condition of such consent, the transferee must assume all of Tenant's liabilities hereunder.

Appears in 2 contracts

Sources: Sublease Agreement (Atroad Inc), Sublease Agreement (Atroad Inc)

Transfer by Tenant. Tenant shall not assign, sublet, or otherwise ------------------ transfer, or permit a transfer of, all or any portion of its interest in this Lease, the Premises, or of a controlling interest in any Tenant entity, without Landlord's prior written consent, which shall not be unreasonably withheld. No such consent shall relieve Tenant of any liability under this Lease, nor shall it constitute consent to any further transfer. As a condition of such consent, the transferee must assume all of Tenant's liabilities Tena▇▇'▇ ▇iabilities hereunder.

Appears in 1 contract

Sources: Consent to Assignment (Raster Graphics Inc)