Grouped Into 8 Collections of Similar Clauses From Business Contracts
This page contains Assignment and Subletting clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Assignment and Subletting. 12.1.Landlord's Consent Required. 12.2.Terms and Conditions Applicable to Assignment and Subletting.
Assignment and Subletting. 12.1.Landlord's 12.1 Lessor's Consent Required. 12.2.Terms 12.2 Terms and Conditions Applicable to Assignment and Subletting.
Assignment and Subletting. Sublessee may not assign this Sublease, sublet the Subleased Premises, transfer any interest of Sublessee therein or permit any use of the Subleased Premises by another party (collectively, "Transfer"), without the prior written consent of Sublessor and Master Lessor (to the extent required under the Master Lease); provided, however, Sublessor's consent shall not be required for a transfer as described in the first sentence of Section 14.8 of the Master Lease, as incorporated herein. Any Transfe...r shall be subject to the terms of Section 14 of the Master Lease, as incorporated herein. Sublessee shall not use, store, transport or dispose of any Hazardous Materials (as defined in the Master Lease) in or about the Premises except as permitted pursuant to the terms and conditions of Section 5.3 of the Master Lease, as incorporated herein. Sublessee shall comply with all reasonable rules and regulations promulgated from time to time by Sublessor and Master Lessor. -4- 10. Delivery and Acceptance: If Sublessor fails to deliver possession of the Subleased Premises to Sublessee on or before the date set forth in Paragraph 3.A hereof for any reason whatsoever (other than the occupancy of the Subleased Premises by Sublessor or any other party by, through or under Sublessor), then this Sublease shall not be void or voidable, nor shall Sublessor be liable to Sublessee for any loss or damage; provided, however, that in such event, Rent shall abate until Sublessor delivers possession of the Subleased Premises to Sublessee. In addition, the provisions of the last two sentences of Section 2.1 of the Master Lease, as incorporated herein, shall apply (but the applicable deadline dates shall not be extended by any "Tenant Delay" under the Master Lease except to the extent caused by an act or omission by Sublessee). If the Subleased Premises are not delivered in good condition and in compliance with all laws as set forth in the last two sentences of Section 1.1.1 of the Master Lease incorporated herein, or if any of the Tenant Improvements within the Subleased Premises are not constructed by Master Lessor in accordance with the Master Lease, upon written request by Sublessee, Sublessor shall use commercially reasonable efforts to cause Master Lessor to correct the same at no cost to Sublessee (through Direct Expenses or otherwise). Sublessor's consent shall not be unreasonably withheld, conditioned or delayed, but the consent of Sublessor may be withheld if Master Lessor's consent is not obtained. Sublessee shall name Master Lessor and Sublessor as additional insureds under its liability insurance policy. The release and waiver of subrogation set forth in Section 10.5 of the Master Lease, as incorporated herein, shall be binding on the parties. In the event of any default by Sublessee, Sublessor shall have all remedies provided pursuant to Section 19.2 of the Master Lease and by applicable law. If the Subleased Premises are not so surrendered, then Sublessee shall be liable to Sublessor for all costs incurred by Sublessor in returning the Subleased Premises to the required condition. Each party agrees to hold the other party harmless from and against all claims for brokerage commissions, finder's fees or other compensation made by any other agent, broker, salesman or finder as a consequence of such party's actions or dealings with such agent, broker, salesman, or finder. Sublessor shall pay the commissions payable by it to Newmark Cornish & Carey in connection with this Sublease pursuant to a separate agreement. -5- 16. Notices: Unless at least five (5) days' prior written notice is given in the manner set forth in this paragraph, the address of each party for all purposes connected with this Sublease shall be the applicable address set forth below its signature at the end of this Sublease. All notices, demands or communications in connection with this Sublease shall be (a) personally delivered; or (b) properly addressed and (i) submitted to an overnight courier service, charges prepaid, or (ii) deposited in the mail (certified, return receipt requested, and postage prepaid). Notices shall be deemed delivered upon receipt, if personally delivered, one (I) business day after being submitted to an overnight courier service and three (3) business days after mailing, if mailed as set forth above. All notices given to Master Lessor under the Master Lease shall be considered received only when delivered in accordance with the Master Lease.View More
Assignment and Subletting. Sublessee may not assign this Sublease, sublet the Subleased Premises, transfer any interest of Sublessee therein or permit any use of the Subleased Premises by another party (collectively, "Transfer"), without the prior written consent of Sublessor and Master Lessor (to the extent required under the Master Lease); Lessor; provided, however, Sublessor's consent shall not be required for a transfer as described in the first sentence of Section 14.8 of the Master Lease, as incorporated herein. Sub...lessee acknowledges that the Master Lease contains a "recapture" right in Section 14.4. and that Sublessor may withhold consent to a proposed Transfer in its sole discretion unless Master Lessor confirms in writing that the recapture right does not apply to the Subleased Premises or otherwise waives such right. Any Transfer shall be subject to the terms of Section 14 of the Master Lease, as incorporated herein. Sublessee shall not use, store, transport or dispose of any Hazardous Materials (as defined in the Master Lease) in or about the Premises except as expressly permitted pursuant to the terms and conditions of Section 5.3 of under the Master Lease, as incorporated herein. herein, including Section 5.3 thereof. Sublessee shall comply with all reasonable rules and regulations promulgated from time to time by Sublessor and Master Lessor. -4- 10. Delivery and Acceptance: If Sublessor fails to shall deliver possession of the Subleased Premises to Sublessee on or before the date set forth in Paragraph 3.A hereof for any reason whatsoever (other than the occupancy of good, vacant, broom clean condition, with all systems serving the Subleased Premises by Sublessor or any other party by, through or under Sublessor), then this Sublease shall not be void or voidable, nor shall Sublessor be liable to Sublessee for any loss or damage; provided, however, that in such event, Rent shall abate until Sublessor delivers good operating condition, in compliance with all laws, fully decommissioned, and otherwise in substantially the same condition as existed on August 29, 2019. By taking possession of the Subleased Premises Premises, Sublessee conclusively shall be deemed to Sublessee. In addition, the provisions of the last two sentences of Section 2.1 of the Master Lease, as incorporated herein, shall apply (but the applicable deadline dates shall not be extended by any "Tenant Delay" under the Master Lease except to the extent caused by an act or omission by Sublessee). If have accepted the Subleased Premises are not delivered in good condition and in compliance their as-is, then-existing condition, without any warranty whatsoever of Sublessor with all laws as set forth in the last two sentences of Section 1.1.1 of the Master Lease incorporated herein, respect thereto. 3 11. Improvements: No alteration or if any of the Tenant Improvements within improvements shall be made to the Subleased Premises are not constructed by Master Lessor Premises, except in accordance with the Master Lease, upon and with the prior written request by Sublessee, Sublessor consent of both Master Lessor and Sublessor, to the extent required under the Master Lease. Subject to the consent of Master Lessor, Sublessee may, after the Commencement Date, at its own cost and expense, install the improvements depicted on Exhibit D attached hereto (the "Initial Improvements"). In performing the Initial Improvements, Sublessee shall use commercially reasonable efforts not to cause unreasonably interfere with Sublessor's use of the Premises. Unless otherwise requested by Master Lessor to correct the same at no cost to Lessor, Sublessee (through Direct Expenses or otherwise). Sublessor's consent shall not be unreasonably withheld, conditioned or delayed, but required to remove the consent Initial Improvements at the expiration of Sublessor may be withheld if Master Lessor's consent is not obtained. the Term. Sublessee shall name Master Lessor and Sublessor as additional insureds under its liability insurance policy. The release and waiver of subrogation set forth in Section 10.5 of the Master Lease, as incorporated herein, shall be binding on the parties. In the event of any such default by Sublessee, Sublessor shall have all remedies provided pursuant to Section 19.2 of the Master Lease and by applicable law. If the Subleased Premises are not so surrendered, then Sublessee shall be liable to Sublessor for all costs incurred by Sublessor in returning the Subleased Premises to the required condition. condition, including decommissioning. Notwithstanding anything to the contrary herein, Sublessee shall not be required to remove any alterations in the Subleased Premises existing on the date hereof and shall only be required to remove alterations or improvements made by or on behalf of Sublessee if required by Master Lessor pursuant to the terms of the Master Lease. Sublessee shall have the right to remove from the Subleased Premises any specialized improvements installed by and paid for by Sublessee so long as Sublessee repairs ay damages resulting from such removal. Each party agrees to hold the other party harmless from and against all claims for brokerage commissions, finder's fees or other compensation made by any other agent, broker, salesman or finder as a consequence of such party's actions or dealings with such agent, broker, salesman, or finder. Sublessor shall pay the commissions payable by it to Newmark Cornish & Carey in connection with this Sublease pursuant to a separate agreement. -5- 4 16. Notices: Unless at least five (5) days' prior written notice is given in the manner set forth in this paragraph, the address of each party for all purposes connected with this Sublease shall be the applicable address set forth below its signature at the end of this Sublease. All notices, demands or communications in connection with this Sublease shall be (a) personally delivered; or (b) properly addressed and (i) submitted to an overnight courier service, charges prepaid, or (ii) deposited in the mail (certified, return receipt requested, and postage prepaid). Notices shall be deemed delivered upon receipt, if personally delivered, one (I) (1) business day after being submitted to an overnight courier service and three (3) business days after mailing, if mailed as set forth above. All notices given to Master Lessor under the Master Lease shall be considered received only when delivered in accordance with the Master Lease. View More
Assignment and Subletting. 21.1. The Lessee may, subject to the prevailing rules and regulation pertaining to such assignment under the SEZ Act and SEZ Rules, assign the lease of the Premises and the Car Parking Spaces or sublease, license the entire / portion of the Premises and the Car Parking Spaces without prior written approval and consent of the Lessor, to its Affiliates. 21.2. The Lessee shall not assign its rights and obligation under this Lease Deed or sublease the Premises and/or the Car Parking Spaces to any th...ird party pertaining to the Premises or any part thereof without prior written consent of the Lessor, which consent shall not be unreasonably withheld. 21.3. Notwithstanding anything contained in the permission having been granted by the Lessor in this Clause, the Lessee shall continue to be responsible for all obligations under the lease including the payment of the Rent and any implication of the stamp duty and registration of such assignment / sublease / license shall be borne and paid by the Lessee. Any assignment and/or sub lease granted pursuant to the terms hereof, shall be co-terminus with this Lease Deed (including renewal, if any) between the Lessor and the Lessee. 21.4. The Lessee will be required to furnish certified copy of the assignment deed or the sub lease deed (which will be registered under Applicable Laws) or license agreement, that would be executed in terms of Clause 21.1.View More
Assignment and Subletting. 21.1. The Lessee may, subject to the prevailing rules and regulation pertaining to such assignment under the SEZ Act and SEZ Rules, assign the lease of the Premises and the Car Parking Spaces or sublease, license the entire / portion of the Premises and the Car Parking Spaces without prior written approval and consent of the Lessor, to its Affiliates. 32 | 50 /s/ Subrata K C Sharma /s/ Nirupa Shankar /s/ Ushassri T S 21.2. The Lessee shall not assign its rights and obligation under this Lease De...ed or sublease the Premises and/or the Car Parking Spaces to any third party pertaining to the Premises or any part thereof without prior written consent of the Lessor, which consent shall not be unreasonably withheld. 21.3. Notwithstanding anything contained in the permission having been granted by the Lessor in this Clause, the Lessee shall continue to be responsible for all obligations under the lease including the payment of the Rent and any implication of the stamp duty and registration of such assignment / sublease / license shall be borne and paid by the Lessee. Any assignment and/or sub lease granted pursuant to the terms hereof, shall be co-terminus with this Lease Deed (including renewal, if any) between the Lessor and the Lessee. 21.4. The Lessee will be required to furnish certified copy of the assignment deed or the sub lease deed (which will be registered under Applicable Laws) or license agreement, that would be executed in terms of Clause 21.1. View More
Assignment and Subletting. Subtenant shall not assign, mortgage, hypothecate, encumber or otherwise transfer this Sublease or sub-sublease (which term shall be deemed to include the granting of concessions and licenses and the like) the whole or any part of the Subleased Premises, including by operation of law (any of the foregoing, an "Assignment"), without in each case first obtaining the prior written consent of Sublandlord, not to be unreasonably withheld; it being agreed that it shall be deemed reasonable for Subland...lord to withhold its consent to an Assignment if Master Landlord has withheld its consent to the same. Notwithstanding the foregoing, Subtenant is permitted to sublease or assign all or a portion of the Subleased Premises to any entity fully owned or affiliated with the Subtenant. For purposes of this article, a "transfer" shall have the meaning assigned to it in Section 6.1 of the Master Lease. No Assignment shall relieve Subtenant of any liability under this Sublease. Consent to any such Assignment shall not operate as a waiver of the necessity for consent to any subsequent Assignment. In connection with each request for an Assignment, Subtenant shall pay Sublandlord's reasonable cost of processing such Assignment, including attorneys' fees, and any fees or costs payable under the Master Lease, upon demand of Sublandlord (not to exceed the actual cost charged to Sublandlord by Master Landlord to review the request, plus up to $2,500 for Sublandlord's review costs)). Any assignee or subtenant shall assume all of Subtenant's obligations under this Sublease and be jointly and severally liable with Subtenant hereunder. Any Assignment hereunder must comply with the Master Lease, including, without limitation, the obtaining of any required consent of Master Landlord.View More
Assignment and Subletting. Subtenant shall not assign, mortgage, hypothecate, encumber or otherwise transfer this Sublease or sub-sublease (which term shall be deemed to include the granting of concessions and licenses and the like) the whole or any part of the Subleased Premises, including by operation of law (any of the foregoing, an "Assignment"), without in each case first obtaining the prior written consent of Sublandlord, not to be unreasonably withheld; it being agreed that it shall be deemed reasonable for Subland...lord to withhold its consent to an Assignment Assignment, if Master Landlord has withheld its consent to the same. Notwithstanding the foregoing, Subtenant is permitted to sublease or assign all or a portion of the Subleased Premises to any entity fully owned or affiliated with the Subtenant. For purposes of this article, a "transfer" shall have the meaning assigned to it in Section 6.1 of the Master Lease. No Assignment shall relieve Subtenant of any liability under this Sublease. Consent to any such Assignment shall not 7. operate as a waiver of the necessity for consent to any subsequent Assignment. In connection with each request for an Assignment, Subtenant shall pay Sublandlord's reasonable cost of processing such Assignment, including attorneys' fees, and any fees or costs payable under the Master Lease, upon demand of Sublandlord (not to exceed the actual cost charged to Sublandlord by Master Landlord to review the request, plus up to $2,500 for Sublandlord's review costs)). Any assignee or subtenant shall assume all of Subtenant's obligations under this Sublease and be jointly and severally liable with Subtenant hereunder. Any Assignment hereunder must comply with terms and conditions in Article 5.06 of the Master Lease, including, without limitation, the obtaining of any required consent of Master Landlord. Lease. View More
Assignment and Subletting. 32.1 Permitted. At any time, Tenant may, without Landlord's consent, sublet the Premises or assign this Lease or any interest therein to any Affiliate. Subject to the foregoing sentence, before Total Rent is paid in full, Tenant may not, without Landlord's prior written consent, sublet the Premises or assign this Lease or any interest therein to any Person whatsoever. After Total Rent is paid in full, Tenant may, without Landlord's consent, sublet the Premises or assign this Lease or any interes...t therein to any Person whomsoever. No sublease or assignment permitted pursuant to this Section 32.1 shall release Tenant from any of its obligations under this Lease unless (a) such sublease or assignment is after Total Rent is paid in full and (b) such sublease or assignment is to an Affiliate of Tenant or to a non-Affiliated entity that has a tangible net worth equal to or greater than the tangible net worth of Tenant on or about the date of assignment. If applicable, Tenant shall deliver certified financials of both Tenant and assignee demonstrating the tangible net worth of each. 32.2 Procedures. Should Tenant desire to enter into an assignment or sublease (a "Transfer"), Tenant shall, by no later than ten (10) days prior to such Transfer, provide Landlord with written notice of its intent to do so via any manner permitted pursuant to the "Notices" provision of this Lease.View More
Assignment and Subletting. 32.1 Permitted. At any time, Tenant may, without Landlord's consent, sublet the Premises or assign this Lease or any interest therein to any Affiliate. Subject to the foregoing sentence, before Total Rent is paid in full, Tenant may not, without Landlord's prior written consent, sublet the Premises or assign this Lease or any interest therein to any Person whatsoever. After Total Rent is paid in full, Tenant may, without Landlord's consent, sublet the Premises or assign this Lease or any interes...t therein to any Person whomsoever. No person whomsoever, provided, however, no such sublease or assignment permitted pursuant to this Section 32.1 shall release Tenant from any of its obligations under this Lease unless (a) such sublease or Lease, except in connection with an assignment is after Total Rent is paid in full and (b) such sublease or assignment is to an Affiliate affiliate of Tenant regardless of the tangible net worth of such Affiliate or an assignment to a non-Affiliated entity that has a tangible net worth equal to or greater than the tangible net worth of Tenant on or about the date of assignment. If applicable, Tenant shall deliver certified financials of both Tenant and assignee demonstrating the tangible net worth of each. 32.2 Procedures. Should Tenant desire to enter into an assignment or sublease (a "Transfer"), Tenant shall, by no later than ten (10) days prior to such Transfer, provide Landlord with written notice of its intent to do so via any manner permitted pursuant to the "Notices" provision of this Lease. View More
Assignment and Subletting. Subtenant shall not assign this Sublease or further sublet all or any part of the Subleased Premises without the prior written consent of Sublandlord, which shall not be unreasonably withheld or delayed; provided, however, that, without Sublandlord's (and Landlord's, to the extent required) prior written consent, Subtenant may assign this Sublease in strict accordance with the provisions of Section 19.1(F) of the Master Lease. Additionally, any such assignment or sublease other than strictly in ...accordance with Section 19.1(F) of the Master Lease, if consented to by Sublandlord, shall be subject to and in compliance with all of the terms and conditions of the Master Lease, and Sublandlord (in addition to Landlord) shall have the same rights with respect to assignment and subleasing as Landlord has under the Master Lease. Subtenant shall pay all fees and costs payable to Sublandlord pursuant to the Master Lease in connection with all of Sublandlord's reasonable out-of-pocket costs relating to any proposed assignment, sublease or transfer of the Subleased Premises, regardless of whether any required consent is granted, and the effectiveness of any such consent shall be conditioned upon Landlord's and Sublandlord's receipt of all such fees and costs.View More
Assignment and Subletting. Subtenant shall not assign this Sublease or further sublet all or any part of the Subleased Premises without the prior written consent of Sublandlord, which shall not be unreasonably withheld or delayed; provided, however, that, without Sublandlord's (and Landlord's, to the extent required) prior written consent, Subtenant may assign this Sublease in strict accordance with the provisions of Section 19.1(F) of the Master Lease. Additionally, any such assignment or sublease other than strictly in ...accordance with Section 19.1(F) of the Master Lease, if consented to by Sublandlord, shall be subject to and in compliance with all of the terms and conditions of the Master Lease, and Sublandlord (in addition to Landlord) shall have the same rights with respect to assignment and subleasing as Landlord has under the Master Lease. Subtenant shall pay all fees and costs payable to Sublandlord pursuant to the Master Lease in connection with all of Sublandlord's reasonable out-of-pocket costs relating to any proposed assignment, sublease or transfer of the Subleased Premises, regardless of whether any required consent is granted, and the effectiveness of any such consent shall be conditioned upon Landlord's and Sublandlord's receipt of all such fees and costs. 8 8. Default. It shall constitute a "Default" hereunder if and only if Subtenant fails to perform any obligation hereunder (including, without limitation, the obligation to pay Rent), or any obligation under the Master Lease which has been incorporated herein by reference, and, in each instance, Subtenant has not remedied such failure (i) in the case of any monetary Default, five (5) Business Days after delivery of written notice and (ii) in the case of any other Default, twenty (20) calendar days after delivery of written notice or such longer period of time as is reasonably necessary, but in no event more than forty-five (45) calendar days after such written notice, provided that Subtenant diligently attempts to cure such Default. View More
Assignment and Subletting. Sub-Subtenant shall not voluntarily or by operation of law assign, transfer, mortgage, sublet or otherwise transfer or encumber all or any part of Sub-Subtenant's interest in this Sub-Sublease or in the Sublease Premises, without Sub-Sublandlord's prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, and, if required under the Sublease or the Prime Lease, the prior written consent of Sub-Landlord and Prime Landlord.
Assignment and Subletting. Sub-Subtenant Subtenant shall not voluntarily or by operation of law assign, transfer, mortgage, sublet or otherwise transfer or encumber all or any part of Sub-Subtenant's Subtenant's interest in this Sub-Sublease Sublease or in the Sublease Premises, without Sub-Sublandlord's Sublandlord's prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, and, if required under the Sublease or the Prime Lease, the prior written consent of Sub-Landlord and Prime La...ndlord. View More
Assignment and Subletting. Lessee shall not assign this Lease or sublet any portion of the Premises without prior written consent of the Lessor, which shall not be unreasonably withheld. Any such assignment or subletting without consent shall be void and, at the option of the Lessor, may terminate this Lease.
Assignment and Subletting. Lessee shall not assign this Lease lease or sublet any portion of the Premises premises without prior written consent of the Lessor, which shall not be unreasonably withheld. Any such assignment or subletting without consent shall be void and, and Lessor, at the option of the Lessor, his/her option, may terminate this Lease. lease.
Assignment and Subletting. Lessee Tenant shall not assign this Lease or sublet any portion of the Premises Real Property without prior written consent of the Lessor, which shall not be unreasonably withheld. Any such assignment or subletting without consent shall be void and, at the option of the Lessor, may terminate this Lease.
