Common use of Transferee Information Required Clause in Contracts

Transferee Information Required. If Tenant desires to assign its interest in this Lease or sublet the Premises or any part thereof, or transfer any interest of Tenant therein, or permit the use of the Premises by another party (hereinafter collectively referred to as a “Transfer”), Tenant shall give Landlord at least thirty (30) business days prior written notice of the proposed Transfer and of the name and legal composition of the proposed transferee, financial statements and Federal and State income tax returns of the proposed transferee for the past three (3) years, the nature of the proposed use of the Premises by the proposed transferee (including a list of the type and quantities of all Hazardous Materials to be used by the transferee on the Premises), names and addresses of any and all lessors from whom the proposed transferee has leased real property during the past five (5) years, the terms of the proposed Transfer, and such other reasonably pertinent information as may be requested by Landlord, all in sufficient detail to enable Landlord to evaluate the proposed Transfer and the prospective transferee. Failure to provide such information shall be reasonable grounds for Landlord to withhold consent to the proposed assignment or sublease.

Appears in 1 contract

Sources: Lease Agreement (1st Pacific Bancorp)

Transferee Information Required. If Tenant desires to assign its interest in this Lease or sublet the Premises or any part thereof, or transfer any interest of Tenant therein, or permit the use of the Premises by another party (hereinafter collectively referred to as a “Transfer”), -Transfer-11. Tenant shall give Landlord at least thirty fifteen (3015) business days prior written notice of the proposed Transfer and of the name and legal composition of the proposed proposed-transferee, financial statements and Federal and State income tax returns of the proposed transferee for fix the past three (3) yearsyears upon availability from such proposed transferee, which shall not be unreasonably withheld by the proposed transferee, the nature of the proposed use of the Premises by the proposed transferee (including a list of the type and quantities of all Hazardous Materials to be used by the transferee on the Premises), names and addresses of any and all lessors from whom the proposed transferee has leased real property during the past five (5) years, the terms of the proposed Transfer, and such other reasonably pertinent information as may be requested by Landlord, all in sufficient detail to enable Landlord to evaluate the proposed Transfer and the prospective transferee. Failure to provide such information shall be reasonable grounds for Landlord to withhold consent to the proposed assignment or sublease.

Appears in 1 contract

Sources: Lease Agreement (McMS Inc /De/)