Common use of Assignment by Tenant Clause in Contracts

Assignment by Tenant. Tenant shall not, without the prior written consent of Landlord, which consent shall not be unreasonably withheld delayed or conditioned, (i) transfer, pledge, mortgage or assign this Lease or any interest hereunder; (ii) permit any assignment of this Lease by voluntary act, operation of law or otherwise; (iii) sublet the Premises or any part thereof; or (iv) permit the regular use of the Premise by any parties other than Tenant, its agents and employees. Tenant shall seek such written consent of Landlord by a written request therefore, setting forth such information as Landlord may reasonably deem necessary. Tenant shall, by notice in writing, advise Landlord of its intention from, on and after a stated date which shall not be less than thirty (30) days after date of Tenant's notice, to assign this Lease or sublet any part or all of the Premises for the balance of the Term. Tenant's notice shall state the name and address of the proposed assignee or subtenant and a true and complete copy of the proposed assignment or sublease shall be delivered to Landlord with Tenant's notice along with any consideration therefor. Landlord will not unreasonably withhold, delay, or condition its consent to Tenant's assignment of the Lease or subletting of such space and incidental rights to the party identified in Tenant's notice.

Appears in 2 contracts

Samples: Fourth Shift Corp, Fourth Shift Corp

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Assignment by Tenant. Tenant shall not, will not assign this Lease or any interest in this Lease without the prior written consent of Landlord, which consent may be withheld in its reasonable discretion. At the Landlord’s option, any attempted transfer without said prior written approval shall not be unreasonably withheld delayed void, ab initio, shall be of no force and effect, and shall confer no rights on or conditionedin favor of third parties, (i) transferprovided that the Landlord may, pledgeat its option, mortgage collect rent from any such transferee and apply the net amount collected to Rent due from Tenant hereunder, but no such collection shall be deemed a waiver of such violation, or assign the acceptance of such transferee as a tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant set forth in this Lease or any interest hereunder; (ii) permit any assignment of this Lease by voluntary act, operation of law or otherwise; (iii) sublet the Premises or any part thereof; or (iv) permit the regular use of the Premise by any parties other than Tenant, its agents and employeesLease. Tenant shall seek give written notice to Landlord of the name and address of any proposed assignee and any other information reasonably requested by Landlord regarding such written consent proposed assignee and any documents of Landlord by a written request therefore, setting forth such information assignment as Landlord may reasonably deem necessaryrequest. Tenant Landlord shall, by notice in writing, advise Landlord of its intention from, on and after a stated date which shall not be less than within thirty (30) days after from the date of Tenant's receipt from Tenant of such notice, give notice to assign this Lease Tenant of Landlord’s approval or sublet any part or all disapproval of such proposed assignment. Where Landlord has given such approval to Tenant to transfer Xxxxxx’s interest in the Premises for the balance of the Term. Tenant's notice shall state the name and address of the proposed assignee or subtenant and a true and complete copy of the proposed assignment or sublease Lease, such transfer shall be delivered to Landlord effective upon compliance with Tenant's notice along with any consideration therefor. Landlord will not unreasonably withhold, delay, or condition its consent to Tenant's assignment of the Lease or subletting of such space and incidental rights to the party identified in Tenant's notice.following conditions:

Appears in 1 contract

Samples: Ground Lease

Assignment by Tenant. Tenant shall not, without the prior written consent of Landlord, which consent shall not be unreasonably withheld delayed or conditioned, (i) transfer, pledge, mortgage or assign this Lease or any interest hereunder; (ii) permit any assignment of this Lease by voluntary act, operation of law or otherwise; (iii) sublet the Premises or any part thereof; or (iv) permit the regular use of the Premise by any parties other than Tenant, its agents and employees. Tenant shall seek such written consent of Landlord by a written request therefore, setting forth such information as Landlord may reasonably deem necessary. Tenant shall, by notice in writing, advise Landlord of its intention from, on and after a stated date which shall not be less than thirty (30) days after date of Tenant's ’s notice, to assign this Lease or sublet any part or all of the Premises for the balance of the Term. Tenant's ’s notice shall state the name and address of the proposed assignee or subtenant and a true and complete copy of the proposed assignment or sublease shall be delivered to Landlord with Tenant's ’s notice along with any consideration therefor. Landlord will not unreasonably withhold, delay, or condition its consent to Tenant's ’s assignment of the Lease or subletting of such space and incidental rights to the party identified in Tenant's ’s notice.

Appears in 1 contract

Samples: First (SoftBrands, Inc.)

Assignment by Tenant. Other than with respect to the Permitted Institutional Mortgagees, Tenant shall not, will not assign this Lease or any interest in this Lease or sublet or permit any other person to occupy the Premises or any portion thereof (except for leasing the Units to Qualifying Households) prior to the Final Completion of the Initial Improvements without the prior written consent of Landlord, which consent may be withheld in Landlord’s sole discretion. After the Final Completion of the Initial Improvements, Landlord’s consent shall not be unreasonably withheld delayed withheld. Notwithstanding the foregoing, Tenant shall have the right to assign or conditionedtransfer its rights under this Lease to any entity that Tenant controls, provided that (i) transfer, pledge, mortgage or assign this Lease or any interest hereunder; (ii) permit any assignment of this Lease by voluntary act, operation of law or otherwise; (iii) sublet Tenant sends written notice to the Premises or any part thereof; or (iv) permit the regular use of the Premise by any parties other than Tenant, its agents and employees. Tenant shall seek such written consent of Landlord by a written request therefore, setting forth such information as Landlord may reasonably deem necessary. Tenant shall, by notice in writing, advise Landlord of its intention from, on and after a stated date which shall not be less than Town at least thirty (30) days after date prior to any such transfer, notifying the Town of the transferee’s name and evidence of the control that Tenant exercises over such transferee, and obtains the Town’s written consent, not to be unreasonably withheld, (ii) any such transferee enters into an Assumption Agreement, expressly agreeing to perform all of Tenant's notice’s obligations hereunder and under this Lease; and (iii) Tenant shall guarantee the transferee’s performance of such obligations, to assign this Lease or sublet any part or all of the Premises for the balance of the Term. Tenant's notice shall state the name and address of the proposed assignee or subtenant and a true and complete copy of the proposed assignment or sublease shall be delivered to Landlord jointly and severally liable with Tenant's notice along with any consideration therefor. Landlord will not unreasonably withhold, delay, or condition its consent to Tenant's assignment the transferee until a final certificate of occupancy has been issued for all the Lease or subletting of such space and incidental rights to the party identified in Tenant's noticeUnits.

Appears in 1 contract

Samples: Ground Lease

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Assignment by Tenant. Tenant shall not, without the prior written consent of Landlord, which consent shall not be unreasonably withheld delayed or conditioneddelayed, (i) transfer, pledge, mortgage or assign this Lease or any interest hereunder; (ii) permit any assignment of this Lease by voluntary act, operation of law or otherwise; (iii) sublet the Premises or any part thereof; or (iv) permit the regular use of the Premise by any parties other than Tenant, its agents and employees. Tenant shall seek such written consent of Landlord by a written request therefore, setting forth such information as Landlord may reasonably deem necessary. Tenant shall, by notice in writing, advise Landlord of its intention from, on and after a stated date which shall not be less than thirty (30) days after date of Tenant's notice, to assign this Lease or sublet any part or all of the Premises for the balance or any part of the Termproposed assignment or sublease the consideration therefore. Tenant's notice shall state the name and address of the proposed assignee or subtenant and a true and complete copy of the proposed assignment or sublease shall be delivered to Landlord with Tenant's notice along with any consideration therefornotice. Landlord will not unreasonably withhold, delay, or condition withhold its consent to Tenant's assignment of the Lease or subletting of such space and incidental rights to the party identified in Tenant's notice.

Appears in 1 contract

Samples: Lease Meridian Crossings (BMC Industries Inc/Mn/)

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