Sublet/Assignment definition

Sublet/Assignment. Tenant may sublet all or a portion of the premises or assign the lease to an affiliate, parent company or company under it's control without consent or to a non- affiliate company with prior written consent of owner, which may not be unreasonably withheld or delayed.
View Source
Sublet/Assignment. Cannot assign the lease without prior written consent of owner, which may be withheld for any reason or for no reason whatsoever.
View Source

Examples of Sublet/Assignment in a sentence

  • The option shall be exercised, if at all, by Landlord giving Tenant written notice within thirty (30) days following Landlord's receipt of Tenant's Sublet/Assignment Notice.

  • Sublet/Assignment: Tenant may sublet all or a portion of the premises or assign the lease with prior written consent of owner, which may not be unreasonably withheld or delayed.

  • In the event Sublessee desires to assign or sublet all or any portion of the Premises (the "Intended Sublet/Assignment Space") Sublessee shall first notify Sublessor of its desire to do so and Sublessor shall have thirty (30) days from the receipt of said notice to notify Sublessor that it will recapture the Intended Sublet/Assignment Space for its own use.

  • If the Sublessor does exercise its rights hereunder to recapture the Intended Sublet/Assignment Space, this Sublease shall terminate as to the Intended Sublet/Assignment Space only.

  • The Residential Tension Branch (RTB) offers a standard form of “Tenancy End Music Accord.” Sublet/Assignment You may be able to submit or assign your license agreement.

Related to Sublet/Assignment

  • Lease Assignment has the meaning set forth in Section 3.6(d).

  • IP Assignment a collateral assignment or security agreement pursuant to which an Obligor grants a Lien on its Intellectual Property to Agent, as security for the Obligations.

  • prospective assignment means an assignment that is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • IP Assignment Agreement has the meaning set forth in Section 3.2(a)(iii).

  • Assignment of Lease means the Assignment of Lease to be executed by the Seller and the Purchaser at the Closing with respect to each parcel of Leased Real Property listed on Section 3.14(b) of the Disclosure Schedule, substantially in the form of Exhibit 1.01(b).