Transfer Instrument. No Transfer consented to by Landlord shall be valid unless Tenant shall deliver to Landlord, within ten (10) days after Landlord's written consent has been received, a duplicate original instrument of Transfer duly executed by Tenant and the Transferee. Such instrument shall provide that (i) the Transferee shall take subject to this Lease, (ii) the Transferee shall also fulfill all obligations of Tenant under this Lease as they pertain to the portion of the Premises set forth in the Transfer, and (iii) with respect to such portion of the Premises the Transferee shall be deemed to be Tenant under this lease.
Appears in 2 contracts
Sources: Industrial Gross Lease Agreement (Asset Acceptance Capital Corp), Lease Agreement (Metris Companies Inc)