General Requirements. Tenant shall not assign, transfer or otherwise encumber (collectively, assign) this Lease or all or any of Tenants rights hereunder or interest herein, or sublet or permit anyone to use or occupy (collectively, sublet) the Premises or any part thereof, without obtaining the prior written consent of Landlord, which consent may be withheld or granted in Landlords sole and absolute discretion (subject to the remainder of this [Article VII]). Notwithstanding any of the foregoing to the contrary, provided no Event of Default has occurred and is continuing, and subject to Landlords rights and Tenants obligations pursuant to [[Sections 7.3, 7.4 and 7.5]5]5]]5]5] below, Landlord shall not unreasonably withhold, condition or delay its consent to any proposed subletting of the entire or any portion of the Premises or assignment of the Lease in its entirety. For purposes of the immediately preceding sentence, it shall be reasonable for Landlord to withhold its consent if, for example: # the proposed subtenant or assignee is engaged in a business, or the Premises will be used in a manner (other than general office use), that is inconsistent with the first class image of the Building, or would cause Landlord to be in violation of any covenant or restriction granted by Landlord on an arms-length basis contained in another lease or other agreement at the Building with an unaffiliated third party, except no such restriction shall prevent the use of the Premises for general office use with lawful accessory uses; or # Landlord is not reasonably satisfied with the financial condition of the proposed subtenant or assignee, with due regard for the financial obligations of the proposed subtenant or assignee being undertaken pursuant to the proposed assignment or sublease, and the fact that Tenant will remain liable for all financial and other obligations under this Lease; or # the proposed use of the Premises is not in compliance with [Article VI] or is not compatible with the other uses within, and the terms of other leases with respect to, the Building; or # the initial Tenant does not remain fully liable as a primary obligor for the payment of all Rent and other charges payable by Tenant under this Lease and for the performance of all other obligations of Tenant under this Lease; or # the proposed subtenant or assignee is a governmental or quasi-governmental agency; or # where their consent is required, the holders of Mortgages encumbering the Building or the Commercial/Garage Unit shall fail to consent (Landlord hereby agreeing to use commercially reasonable efforts to obtain such consent if Landlord otherwise approves such transaction); or # the proposed subtenant or assignee is either # an existing tenant of the Building (or any parent, subsidiary or affiliate thereof), or # for a period of seventy-five (75) days following the submission of a written proposal for the lease of space (and thereafter if a mutual agreement such as a letter of intent is executed within such period), any other person or entity with which Landlord has been negotiating for the rental of space in the Building, provided that in either such case Landlord shall have other space available in the Building which could reasonably be expected to meet such person or entitys space needs and time constraints. For the avoidance of doubt, the foregoing list of conditions is not intended to be an exhaustive list of the conditions under which Landlord may disapprove a proposed subletting or assignment hereunder, and rather it is a list of conditions that must all be satisfied in order for Landlord to be obligated not to unreasonably withhold, condition or delay its consent. No assignment or right of occupancy hereunder may be effectuated by operation of law or otherwise without the prior written consent of Landlord. Any attempted assignment, transfer, or other encumbrance of this Lease or all or any of Tenants rights hereunder or interest herein, any sublet or permission to use or occupy the Premises or any part thereof not in accordance with this [Article VII], shall be void and of no force or effect. Any assignment or subletting, Landlords consent thereto, the listing or posting of any name other than Tenants, or Landlords collection or acceptance of rent from any assignee or subtenant shall not be construed either as waiving or releasing Tenant from any of its liabilities or obligations under this Lease as a principal and not as a guarantor or surety, or as relieving Tenant or any assignee or subtenant from the obligation of obtaining Landlords prior written consent to any subsequent assignment or subletting, where such consent is required hereunder. As security for this Lease, Tenant hereby assigns to Landlord the rent due from any assignee or subtenant of Tenant (but Landlord hereby grants Tenant a license to collect any such rent until an Event of Default). During any period that an Event of Default has occurred and remains uncured, Tenant hereby authorizes each such assignee or subtenant to pay said rent directly to Landlord upon receipt of written notice from Landlord, with a copy thereof to Tenant, specifying same. Landlords collection of such rent shall not be construed as an acceptance of such assignee or subtenant as a tenant. Any rent so paid by an assignee or subtenant to Landlord shall be credited to Tenants obligations under this Lease. Any mortgage, pledge, hypothecation or encumbrance (collectively mortgage) of this Lease or Tenants leasehold interest shall be considered an assignment of this Lease and subject to Landlords prior written consent to the extent provided in this [Article VII]. Tenant shall pay to Landlord all reasonable, out-of-pocket, third party expenses (including reasonable attorneys fees and accounting costs) incurred by Landlord in connection with Tenants request for Landlord to give its consent to any assignment, subletting, or mortgage, and Landlords receipt of such sum shall be a condition to Landlord providing such consent. Any sublease, assignment or mortgage shall, at Landlords option, be effected on forms reasonably approved by Landlord (such approval not to be unreasonably conditioned or delayed). Tenant shall deliver to Landlord a fully-executed copy of each agreement evidencing a sublease, assignment or mortgage, and Landlords consent thereto (where such consent is required by the terms of this Lease), on Landlords standard form consent document (subject to reasonable negotiation), within ten (10) business days after execution thereof.
General Requirements. Tenant shall not assign, transfer or otherwise encumber (collectively, assign) this Lease or all or any of Tenants rights hereunder or interest herein, or sublet or permit anyone to use or occupy (collectively, sublet) the Premises or any part thereof, without obtaining the prior writtenAny consent of Landlord, which consent mayLandlord under this Article shall be withheld or granted in Landlords sole and absolute discretion (subjectsubject to the remainderterms of this [Article VII]). NotwithstandingArticle and conditioned upon there being no monetary or material nonmonetary default by Tenant, beyond any grace period, under any of the foregoing toterms, covenants and conditions of this Lease at the contrary, provided no Event of Default has occurred and is continuing, and subject totime that Landlords rights and Tenants obligations pursuant to [[Sections 7.3, 7.4 and 7.5]5]5]]5]5] below, Landlord shall not unreasonably withhold, condition or delay its consent to any proposedsuch subletting or assignment is requested. Tenant acknowledges and agrees that no assignment or subletting shall be effective unless and until Tenant, upon receiving any necessary Landlords written consent (and unless it was theretofore delivered to Landlord) causes a duly executed copy of the entire or any portion of the Premisessublease or assignment of the Lease in its entirety. For purposes of the immediately preceding sentence, it shall be reasonable for Landlord to withhold its consent if, for example: # the proposed subtenant or assignee is engaged in a business, or the Premises will be used in a manner (other than general office use), that is inconsistent with the first class image of the Building, or would cause Landlord to be in violation of any covenant or restriction granted bydelivered to Landlord on an arms-length basis contained in another lease or other agreement at the Building with an unaffiliated third party, except nowithin ten (10) Business Days after execution thereof. Any such restrictionsublease shall prevent the use of the Premises for general office use with lawful accessory uses; or # Landlordprovide that it is not reasonably satisfied with the financial condition of the proposed subtenant or assignee, with due regard for the financial obligations of the proposed subtenant or assignee being undertaken pursuantsubject to the proposed assignment or sublease, and the fact that Tenant will remain liable for all financial and other obligations under this Lease; or # the proposed use of the Premises is not in compliance with [Article VI] or is not compatible with the other uses within, and the terms of other leases with respect to, the Building; or # the initial Tenant does not remain fully liable as a primary obligor for the payment of all Rent and other charges payable by Tenant under this Lease and for the performance of all other obligations of Tenant under this Lease; or # the proposed subtenant or assignee isshall be in a governmental or quasi-governmental agency; or # where their consent is required, the holders of Mortgages encumbering the Building or the Commercial/Garage Unit shall failform reasonably acceptable to consent (Landlord hereby agreeing to use commercially reasonable efforts to obtain such consent if Landlord otherwise approves such transaction); or # the proposed subtenant or assignee is either # an existing tenant of the Building (or any parent, subsidiary or affiliate thereof), or # for a period of seventy-five (75) days following the submission of a written proposal for the lease of space (and thereafter if a mutual agreement such as a letter of intent is executed within such period), any other person or entity with which Landlord has been negotiating for the rental of space in the Building, provided that in either such case Landlord shall have other space available in the Building which could reasonably be expected to meet such person or entitys space needs and time constraints. For the avoidance of doubt, the foregoing list of conditions is not intended to be an exhaustive list of the conditions under which Landlord may disapprove a proposed subletting or assignment hereunder, and rather it is a list of conditions that must all be satisfied in order for Landlord to be obligated not to unreasonably withhold, condition or delay its consent. No assignment or right of occupancy hereunder may be effectuated by operation of law or otherwise without the prior written consent of Landlord. Any attempted assignment, transfer, or other encumbrance of this Lease or all or any of Tenants rights hereunder or interest herein, any sublet or permission to use or occupy the Premises or any part thereof not in accordance with this [Article VII], shall be void and of no force or effect. Any assignment or subletting, Landlords consent thereto, the listing or posting of any name other than Tenants, or Landlords collection or acceptance of rent from any assignee or subtenant shall not be construed either as waiving or releasing Tenant from any of its liabilities or obligations under this Lease as a principal and not as a guarantor or surety, or as relieving Tenant or any assignee or subtenant from the obligation of obtaining Landlords prior written consent to any subsequent assignment or subletting, where such consent is required hereunder. As security for this Lease, Tenant hereby assigns to Landlord the rent due from any assignee or subtenant of Tenant (but Landlord hereby grants Tenant a license to collect any such rent until an Event of Default). During any period that an Event of Default has occurred and remains uncured, Tenant hereby authorizes each such assignee or subtenant to pay said rent directly to Landlord upon receipt of written notice from Landlord, with a copy thereof to Tenant, specifying same. Landlords collection of such rent shall not be construed as an acceptance of such assignee or subtenant as a tenant. Any rent so paid by an assignee or subtenant to Landlord shall be credited to Tenants obligations under this Lease. Any mortgage, pledge, hypothecation or encumbrance (collectively mortgage) of this Lease or Tenants leasehold interest shall be considered an assignment of this Lease shall contain an assumption by the assignee of all of the terms, covenants and subjectconditions of this Lease to Landlords prior written consent tobe performed by Tenant arising from and after the extent provided in this [Article VII]. Tenant shall pay to Landlord all reasonable, out-of-pocket, third party expenses (including reasonable attorneys fees and accounting costs) incurred by Landlord in connectioneffective date of such assignment; provided, however, with Tenants request for Landlord to give its consentrespect to any assignment, subletting,assignment to a Related Entity or mortgage, and Landlords receipt ofto a No-Consent Change Entity, such sumassumption by the assignee shall be a condition to Landlord providing such consent. Any sublease, assignment or mortgage shall, at Landlords option, be effected on forms reasonably approved by Landlord (such approval notof all of the terms, covenants and conditions of this Lease to be unreasonably conditioned or delayed).performed by Tenant shall deliver to Landlord a fully-executed copy of each agreement evidencing a sublease, assignment or mortgage,arising from and Landlords consent thereto (where such consent is required byafter the terms of this Lease), on Landlords standard form consent document (subject to reasonable negotiation), within ten (10) business days after execution thereof.Commencement Date.
General Requirements.Assignment and Subletting. Tenant shall not assign, transfermay assign or otherwise encumber (collectively, assign) this Lease orsublet all or any portion of Tenants rights hereunder or interest herein, or sublet or permit anyone to use or occupy (collectively, sublet) the Premises or any part thereof, without obtainingLeased Property for the remainder of the Lease Term upon the prior written consentapproval of Landlord, which consent may be withheld or granted in Landlords sole and absolute discretion (subject to the remainder of this [Article VII]). Notwithstanding any of the foregoing to the contrary, provided no Event of Default has occurred and is continuing, and subject to Landlords rights and Tenants obligations pursuant to [[Sections 7.3, 7.4 and 7.5]5]5]]5]5] below,approval Landlord shall not unreasonably withhold, conditioncondition, or delay its consent to any proposed sublettingdelay; provided, however, that the business or occupation of the entiresubtenant shall not be extra-hazardous, disreputable or any portionillegal, and provided further that in the case of the Premises or assignment of the Lease in its entirety. For purposes of the immediately preceding sentence, ita sublease only, Tenant shall be reasonable for Landlord to withhold its consent if, for example: # the proposed subtenant or assignee is engaged in a business, or the Premises will be used in a manner (other than general office use), that is inconsistent with the first class image of the Building, or would cause Landlord to be in violation of any covenant or restriction granted by Landlord on an arms-length basis contained in another lease or other agreement at the Building with an unaffiliated third party, except no such restriction shall prevent the use of the Premises for general office use with lawful accessory uses; or # Landlord is not reasonably satisfied with the financial condition of the proposed subtenant or assignee, with due regard for the financial obligations of the proposed subtenant or assignee being undertaken pursuant to the proposed assignment or sublease, and the fact that Tenant will remain liable for all financial and other obligations under this Lease; or # the proposed use of the Premises is not in compliance with [Article VI] or is not compatible with the other uses within, and the terms of other leases with respect to, the Building; or # the initial Tenant does not remain fully liable as a primary obligor for the payment of allthe Net Rent and other charges payable by Tenant under this Leaseherein reserved and for the performance of all the other obligations of Tenant under this Lease; or # the proposed subtenant or assignee is a governmental or quasi-governmental agency; or # where their consent is required, the holders of Mortgages encumbering the Building or the Commercial/Garage Unit shall fail to consent (Landlord hereby agreeing to use commercially reasonable efforts to obtain such consent if Landlord otherwise approves such transaction); or # the proposed subtenant or assignee is either # an existing tenant of the Building (or any parent, subsidiary or affiliate thereof), or # for a period of seventy-five (75) days following the submission of a written proposal for the lease of space (and thereafter if a mutual agreement such as a letter of intent is executed within such period), any other person or entity with which Landlord has been negotiating for the rental of space in the Building, provided that in either such case Landlord shall have other space available in the Building which could reasonably be expected to meet such person or entitys space needs and time constraints. For the avoidance of doubt, the foregoing list of conditions is not intended to be an exhaustive list of the conditions under which Landlord may disapprove a proposed subletting or assignment hereunder, and rather it is a list of conditions that must all be satisfied in order for Landlord to be obligated not to unreasonably withhold, condition or delay its consent. No assignment or right of occupancy hereunder may be effectuated by operation of law or otherwise without the prior written consent of Landlord. Any attempted assignment, transfer, or other encumbranceterms of this Lease required to be performed by Tenant. Upon the occurrence of an assignment consented to by Landlord, Tenant shall have no further liability or all or any ofobligation under this Lease. In the event Landlord shall not have responded to Tenants rights hereunder or interest herein, any sublet or permission to use or occupy the Premises or any part thereof not in accordance with this [Article VII], shall be void and of no force or effect. Any assignment or subletting, Landlordrequest for consent within twenty (20) days after Tenants consent thereto, the listing or posting of any name other than Tenants, or Landlords collection or acceptance of rent from any assignee or subtenant shall not be construed either as waiving or releasing Tenant from any of its liabilities or obligations under this Lease as a principal and not as a guarantor or surety, or as relieving Tenant or any assignee or subtenant from the obligation of obtaining Landlords prior written consent to any subsequent assignment or subletting, where such consent is required hereunder. As security for this Lease, Tenant hereby assigns to Landlord the rent due from any assignee or subtenant of Tenant (but Landlord hereby grants Tenant a license to collect any such rent until an Event of Default). During any period that an Event of Default has occurred and remains uncured, Tenant hereby authorizes each such assignee or subtenant to pay said rent directly to Landlord upon receipt of written notice from Landlord,request therefor together with a copy thereof to Tenant, specifying same. Landlords collectiondetailed explanation of such rent shall not be construed as an acceptancethe reasons for any denial of such assignee or subtenant as a tenant. Any rent so paid by an assignee or subtenant toconsent, Landlord shall be crediteddeemed to Tenants obligations under this Lease. Any mortgage, pledge, hypothecation or encumbrance (collectively mortgage) of this Lease or Tenants leasehold interest shall be considered an assignment of this Lease and subject to Landlords prior written consenthave consented to the extent provided in this [Article VII]. Tenant shall pay to Landlord all reasonable, out-of-pocket, third party expenses (including reasonable attorneys fees and accounting costs) incurred by Landlord in connection with Tenants request for Landlord to give its consent to any assignment, subletting, or mortgage, and Landlords receipt of such sum shall be a condition to Landlord providing such consent. Any sublease,proposed assignment or mortgage shall, at Landlords option, be effected on forms reasonably approved by Landlord (such approval not to be unreasonably conditioned or delayed). Tenant shall deliver to Landlord a fully-executed copy of each agreement evidencing a sublease, assignment or mortgage, and Landlords consent thereto (where such consent is required by the terms of this Lease), on Landlords standard form consent document (subject to reasonable negotiation), within ten (10) business days after execution thereof.subletting.
General Requirements.part of Tenant herein contained; provided, however, that Named Tenant shall not assign, transfer or otherwise encumber (collectively, assign)be liable for any increased obligations of the Tenant under this Lease following a permitted assignment of this Lease by Named Tenant to an unrelated third party and not made pursuant to [Section 7.09] below but only if and to the extent such increased obligations result from an. amendment between Landlord and such third-party assignee without Tenants consent either extending the term of this Lease or allresulting in additional space being leased by such assignee in the Building. The consent by Landlord to an assignment or underletting shall not in any of Tenants rights hereunder or interest herein, or sublet or permit anyoneway be construed to use or occupy (collectively, sublet) the Premises or any part thereof, withoutrelieve Tenant from obtaining the prior writtenexpress consent in writing of Landlord, which consent may be withheld or granted in Landlords sole and absolute discretion (subject to the remainder of this [Article VII]). Notwithstanding any of the foregoing to the contrary, provided no Event of Default has occurred and is continuing, and subject to Landlords rights and Tenants obligations pursuant to [[Sections 7.3, 7.4 and 7.5]5]5]]5]5] below, Landlord shall not unreasonably withhold, condition or delay its consent to any proposed subletting of the entirefurther assignment or underletting. In no event shall any permitted sublessee assign or encumber its sublease or further sublet all or any portion of the Premises or assignment of the Lease in its entirety. For purposes of the immediately preceding sentence, it shall be reasonable for Landlord to withhold its consent if, for example: # the proposed subtenant or assignee is engaged in a business, or the Premises will be used in a manner (other than general office use), that is inconsistent with the first class image of the Building, or would cause Landlord to be in violation of any covenant or restriction granted by Landlord on an arms-length basis contained in another lease or other agreement at the Building with an unaffiliated third party, except no such restriction shall prevent the use of the Premises for general office use with lawful accessory uses; or # Landlord is not reasonably satisfied with the financial condition of the proposed subtenant or assignee, with due regard for the financial obligations of the proposed subtenant or assignee being undertaken pursuant to the proposed assignment or sublease, and the fact that Tenant will remain liable for all financial and other obligations under this Lease; or # the proposed use of the Premises is not in compliance with [Article VI] or is not compatible with the other uses within, and the terms of other leases with respect to, the Building; or # the initial Tenant does not remain fully liable as a primary obligor for the payment of all Rent and other charges payable by Tenant under this Lease and for the performance of all other obligations of Tenant under this Lease; or # the proposed subtenant or assignee is a governmental or quasi-governmental agency; or # where their consent is required, the holders of Mortgages encumbering the Building or the Commercial/Garage Unit shall fail to consent (Landlord hereby agreeing to use commercially reasonable efforts to obtain such consent if Landlord otherwise approves such transaction); or # the proposed subtenant or assignee is either # an existing tenant of the Building (or any parent, subsidiary or affiliate thereof), or # for a period of seventy-five (75) days following the submission of a written proposal for the lease of space (and thereafter if a mutual agreement such as a letter of intent is executed within such period), any other person or entity with which Landlord has been negotiating for the rental of space in the Building, provided that in either such case Landlord shall have other space available in the Building which could reasonably be expected to meet such person or entitys space needs and time constraints. For the avoidance of doubt, the foregoing list of conditions is not intended to be an exhaustive list of the conditions under which Landlord may disapprove a proposed subletting or assignment hereunder, and rather it is a list of conditions that must all be satisfied in order for Landlord to be obligated not to unreasonably withhold, condition or delay its consent. No assignment or right of occupancy hereunder may be effectuated by operation of lawsublet space, or otherwise withoutsuffer or permit the prior written consent of Landlord. Any attempted assignment, transfer, or other encumbrance of this Lease or all or any of Tenants rights hereunder or interest herein, any sublet or permission to use or occupy the Premisesspace or any part thereof not in accordance with this [Article VII], shallto be void and of no forceused or effect. Any assignment or subletting, Landlords consent thereto, the listing or posting of any name other than Tenants, or Landlords collection or acceptance of rent from any assignee or subtenant shall not be construed either as waiving or releasing Tenant from any of its liabilities or obligations under this Lease as a principal and not as a guarantor or surety, or as relieving Tenant or any assignee or subtenant from the obligation of obtainingoccupied by others, without Landlords prior written consent to any subsequentin each instance which shall be granted or withheld in accordance with all applicable provisions of this [Article 4] as if such sublease or assignment were made by Tenant. A modification, amendment or subletting, where such consent is required hereunder. As security for this Lease, Tenant hereby assigns to Landlordextension of a sublease shall be deemed a sublease. The listing of the rent due from any assigneename of a party or subtenantentity other than that of Tenant (but Landlord hereby grants Tenant a licenseon the Building or floor directory or on or adjacent to collectthe entrance door to the Premises shall neither grant such party or entity any such rent until an Event of Default). During any period that an Event of Default has occurred and remains uncured, Tenant hereby authorizes each such assigneeright or subtenant to pay said rent directly to Landlord upon receipt of written notice from Landlord, with a copy thereof to Tenant, specifying same. Landlords collection of such rent shall not be construed as an acceptance of such assignee or subtenant as a tenant. Any rent so paid by an assignee or subtenant to Landlord shall be credited to Tenants obligations under this Lease. Any mortgage, pledge, hypothecation or encumbrance (collectively mortgage) ofinterest in this Lease or Tenants leasehold interest shall be considered an assignment of this Lease and subject toin the Premises nor constitute Landlords prior written consent to any assignment or sublease to, or occupancy of the extent provided in this [Article VII].Premises by, such party or entity. If any lien is filed against the Premises or the Building of which the same form a part for brokerage services claimed to have been performed for Tenant shall pay to Landlord all reasonable, out-of-pocket, third party expenses (including reasonable attorneys fees and accounting costs) incurred by Landlord in connection with Tenants request for Landlord to give its consent to any assignment, subletting,such assignment or mortgage, and Landlords receipt of such sumsublease, whether or not actually performed, the same shall be a condition to Landlord providing such consent. Any sublease, assignment or mortgage shall,discharged within thirty (30) days thereafter, at LandlordTenants option, be effected on forms reasonably approvedexpense, by Landlord (such approval not to be unreasonably conditioned or delayed). Tenant shall deliver to Landlord a fully-executed copy of each agreement evidencing a sublease, assignment or mortgage, and Landlords consent thereto (where such consent isfiling the bond required by the terms of this Lease), on Landlords standard form consent document (subjectlaw, or otherwise, and paying any other necessary sums, and Tenant agrees to reasonable negotiation), within ten (10) business days after execution thereof.indemnify Landlord and its agents and hold them harmless from and against any and all claims, losses or liability resulting from such lien for brokerage services rendered.
General Requirements. Tenant shall not assign, transfer or otherwise encumber (collectively, assign)have the right, during the term of this Lease, to assign its interest in this Lease or sublet all or any part of Tenants rights hereunder or interest herein, or sublet or permit anyonethe Demised Premises, provided Tenant shall give written notice thereof to use or occupy (collectively, sublet) the Premises or any part thereof, without obtaining the prior written consent of Landlord, which consent may be withheld or granted in Landlords sole and absolute discretion (subject to the remainder of this [Article VII]). Notwithstanding any of the foregoing to the contrary, provided no Event of Default has occurred and is continuing, and subject to Landlords rights and Tenants obligations pursuant to [[Sections 7.3, 7.4 and 7.5]5]5]]5]5] below, Landlord shall not unreasonably withhold, condition or delay its consent to any proposed subletting of the entire or any portion of the Premises or assignment of the Lease in its entirety. For purposes of the immediately preceding sentence, itnotice shall be reasonable for Landlord to withhold its consent if, for example: # the proposed subtenant or assignee is engaged in a business, or the Premises will be used in a manner (other than general office use), that is inconsistent with the first class imageaccompanied by an original fully executed copy of the Building, or would cause Landlord to be in violation of any covenant or restriction granted by Landlord on an arms-length basis contained in another lease or other agreement at the Building with an unaffiliated third party, except no such restriction shall prevent the use of the Premises for general office use with lawful accessory uses; or # Landlord is not reasonably satisfied with the financial condition of the proposed subtenant or assignee, with due regard for the financial obligations of the proposed subtenant or assignee being undertaken pursuant to the proposed assignment or sublease, and the fact that Tenant will remain liableeffective date for all financial and other obligations under this Lease; or #commencement of which shall be not less than 30 days after the giving of such notice. Such notice shall state the identity of the proposed useassignee or subtenant, the nature of the Premises is not in compliance with [Article VI] or is not compatible with the other uses within,its business, and the terms of other leasesshall be accompanied by reasonable current financial information with respect to,to the Building; or # the initial Tenant does not remain fully liable as a primary obligor for the payment of all Rent and other charges payable by Tenant under this Lease and for the performance of all other obligations of Tenant under this Lease; or # the proposed subtenant or assignee is a governmental or quasi-governmental agency; or # where their consent is required, the holders of Mortgages encumbering the Building or the Commercial/Garage Unit shall fail to consent (Landlord hereby agreeing to use commercially reasonable efforts to obtain such consent if Landlord otherwise approves such transaction); or # the proposed subtenant or assignee is either # an existing tenant of the Building (or any parent, subsidiary or affiliate thereof), or # for a period of seventy-five (75) days following the submission of a written proposal for the lease of space (and thereafter if a mutual agreement such as a letter of intent is executed within such period), any other person or entity with which Landlord has been negotiating for the rental of space in the Building, provided that in either such case Landlord shall have other space available in the Building which could reasonably be expected to meet such person or entitys space needs and time constraints. For the avoidance of doubt, the foregoing list of conditions is not intended to be an exhaustive list of the conditions under which Landlord may disapprove a proposed subletting or assignment hereunder, and rather it is a list of conditions that must all be satisfied in order for Landlord to be obligated not to unreasonably withhold, condition or delay its consent. No assignment or right of occupancy hereunder may be effectuated by operation of law or otherwise without the prior written consent of Landlord. Any attempted assignment, transfer, or other encumbrance of this Lease or all or any of Tenants rights hereunder or interest herein, any sublet or permission to use or occupy the Premises or any part thereof not in accordance with this [Article VII], shall be void and of no force or effect. Any assignment or subletting, Landlords consent thereto, the listing or posting of any name other than Tenants, or Landlords collection or acceptance of rent from any assignee or subtenant shall not be construed either as waiving or releasing Tenant from any of its liabilities or obligations under this Lease as a principal and not as a guarantor or surety, or as relieving Tenant or any assignee or subtenant from the obligation of obtaining Landlords prior written consent to any subsequent assignment or subletting, where such consent is required hereunder. As security for this Lease, Tenant hereby assigns to Landlord the rent due from any assignee or subtenant of Tenant (but Landlord hereby grants Tenant a license to collect any such rent until an Event of Default). During any period that an Event of Default has occurred and remains uncured, Tenant hereby authorizes each such assignee or subtenant to pay said rent directly to Landlord upon receipt of written notice from Landlord, with a copy thereof to Tenant, specifying same. Landlords collection of such rent shall not be construed as an acceptance of such assignee or subtenant as a tenant. Any rent so paid by anshall have been provided to Tenant and which shall be reasonably satisfactory to Landlord for the purposes of determining the credit worthiness of the proposed assignee or subtenant tosubtenant. Landlord shall have 30 days within which to approve the terms, covenants and conditions of such assignment or subletting from the date Tenant gives notice of its intent, which prior written approval shall not be credited to Tenants obligationsunreasonably withheld or delayed. No approval under this Lease. Any mortgage, pledge, hypothecationparagraph 7.01 or encumbrance (collectively mortgage) of this Lease or Tenants leasehold interestprofit sharing under paragraph 7.02 shall be considered an assignment of this Lease and subject to Landlords prior written consent to the extent provided in this [Article VII]. Tenant shall pay to Landlord all reasonable, out-of-pocket, third party expenses (including reasonable attorneys fees and accounting costs) incurred by Landlord in connection with Tenants request for Landlord to give its consent to any assignment, subletting, or mortgage, and Landlords receipt ofrequired if such sum shall be a condition to Landlord providing such consent. Any sublease, assignment or mortgage shall, at Landlords option, be effected on forms reasonably approvedsubletting is # to an entity # controlled by Landlord (such approval not to be unreasonably conditioned# under common control with or delayed). Tenant shall deliver to Landlord# which controls Tenant, for so long as such control exists or # by reason of a fully-executed copymerger, consolidation or other reorganization of each agreement evidencing a sublease, assignment or mortgage, and Landlords consent thereto (where such consent is required by the terms of this Lease), on Landlords standard form consent document (subject to reasonable negotiation), within ten (10) business days after execution thereof.Tenant.
General Requirements.7.01 Neither Tenant shall not assign, transfernor Tenants legal representatives or otherwise encumber (collectively, assign) this Lease or all or any of Tenants rights hereunder orsuccessors in interest herein, or sublet or permit anyone to use or occupy (collectively, sublet) the Premises or any part thereof, without obtaining the prior written consent of Landlord, which consent may be withheld or granted in Landlords sole and absolute discretion (subject to the remainder of this [Article VII]). Notwithstanding any of the foregoing to the contrary, provided no Event of Default has occurred and is continuing, and subject to Landlords rights and Tenants obligations pursuant to [[Sections 7.3, 7.4 and 7.5]5]5]]5]5] below, Landlord shall not unreasonably withhold, condition or delay its consent to any proposed subletting of the entire or any portion of the Premises or assignment of the Lease in its entirety. For purposes of the immediately preceding sentence, it shall be reasonable for Landlord to withhold its consent if, for example: # the proposed subtenant or assignee is engaged in a business, or the Premises will be used in a manner (other than general office use), that is inconsistent with the first class image of the Building, or would cause Landlord to be in violation of any covenant or restriction granted by Landlord on an arms-length basis contained in another lease or other agreement at the Building with an unaffiliated third party, except no such restriction shall prevent the use of the Premises for general office use with lawful accessory uses; or # Landlord is not reasonably satisfied with the financial condition of the proposed subtenant or assignee, with due regard for the financial obligations of the proposed subtenant or assignee being undertaken pursuant to the proposed assignment or sublease, and the fact that Tenant will remain liable for all financial and other obligations under this Lease; or # the proposed use of the Premises is not in compliance with [Article VI] or is not compatible with the other uses within, and the terms of other leases with respect to, the Building; or # the initial Tenant does not remain fully liable as a primary obligor for the payment of all Rent and other charges payable by Tenant under this Lease and for the performance of all other obligations of Tenant under this Lease; or # the proposed subtenant or assignee is a governmental or quasi-governmental agency; or # where their consent is required, the holders of Mortgages encumbering the Building or the Commercial/Garage Unit shall fail to consent (Landlord hereby agreeing to use commercially reasonable efforts to obtain such consent if Landlord otherwise approves such transaction); or # the proposed subtenant or assignee is either # an existing tenant of the Building (or any parent, subsidiary or affiliate thereof), or # for a period of seventy-five (75) days following the submission of a written proposal for the lease of space (and thereafter if a mutual agreement such as a letter of intent is executed within such period), any other person or entity with which Landlord has been negotiating for the rental of space in the Building, provided that in either such case Landlord shall have other space available in the Building which could reasonably be expected to meet such person or entitys space needs and time constraints. For the avoidance of doubt, the foregoing list of conditions is not intended to be an exhaustive list of the conditions under which Landlord may disapprove a proposed subletting or assignment hereunder, and rather it is a list of conditions that must all be satisfied in order for Landlord to be obligated not to unreasonably withhold, condition or delay its consent. No assignment or right of occupancy hereunder may be effectuated by operation of law or otherwise, shall assign, mortgage or otherwise encumber this Lease, or sublet or permit all or part of the Premises to be used by others, without the prior written consent of Landlord. Any attempted assignment, transfer,Landlord in each instance subject to the terms below. The transfer of a majority of the issued and outstanding capital stock of any corporate tenant or other encumbrancesublessee of this Lease or alla majority of the total interest in any partnership tenant or anysublessee or company, however accomplished, and whether in a single transaction or in a series of Tenantrelated or unrelated transactions, the merger or consolidation of a corporate tenant or sublessee, shall subject, however, to the provisions of [Section 4.09] hereof, be deemed an assignment of this Lease or of such sublease; provided, however, notwithstanding anything to the contrary contained herein, the foregoing shall not apply to # the direct or indirect transfer of stock or ownership interests in Tenant (including, without limitation, the issuance of treasury stock or the creation or issuance of a new class of stock, in either case, in the context of an initial public offering or a subsequent offering of equity securities) if and so long as effected on the over-the-counter-market or a recognized stock exchange, and # the mere conversion of Tenant from one form of legal entity to another form of legal entity or change in its state of incorporation, provided same is done for a valid business purpose and not to contravene the restrictions on transfer set forth in this [Section 7.01] or vitiate the conditions on transfers not requiring Landlords rights hereunderconsent pursuant to [Section 7.09] (e.g., the requirement to satisfy a net worth threshold in connection with a merger), there is no reduction in the net worth of Tenant from the day immediately prior to such conversion to the day immediately following such conversion as a result of such conversion and there is no change in control in Tenant as a result thereof (the entity resulting from a change described in this [clause (Y)] shall be referred to herein as a No-Consent Change Entity). If this Lease is assigned, or interest herein, any sublet or permission to use or occupyif the Premises or any part thereof not in accordance with this [Article VII]is underlet or occupied by anybody other than Tenant, Landlord may, after default by Tenant (and after the expiration of any applicable notice or cure period provided for herein), collect rent from the assignee, undertenant or occupant, and apply the net amount collected to the rent herein reserved, but no assignment, underletting, occupancy or collection shall be void anddeemed a waiver of no force or effect. Any assignment or subletting, Landlords consent thereto, the listing or posting of any name other than Tenants, or Landlords collection orprovisions hereof, the acceptance of rent from any assigneethe assignee, undertenant or subtenant shall not be construed eitheroccupant as waivingtenant, or releasinga release of Tenant from anythe further performance by Tenant of its liabilities or obligations under this Lease as a principal and not as a guarantor or surety, or as relieving Tenant or any assignee or subtenant fromcovenants on the obligation of obtaining Landlords prior written consent to any subsequent assignment or subletting, where such consent is required hereunder. As security for this Lease, Tenant hereby assigns to Landlord the rent due from any assignee or subtenant of Tenant (but Landlord hereby grants Tenant a license to collect any such rent until an Event of Default). During any period that an Event of Default has occurred and remains uncured, Tenant hereby authorizes each such assignee or subtenant to pay said rent directly to Landlord upon receipt of written notice from Landlord, with a copy thereof to Tenant, specifying same. Landlords collection of such rent shall not be construed as an acceptance of such assignee or subtenant as a tenant. Any rent so paid by an assignee or subtenant to Landlord shall be credited to Tenants obligations under this Lease. Any mortgage, pledge, hypothecation or encumbrance (collectively mortgage) of this Lease or Tenants leasehold interest shall be considered an assignment of this Lease and subject to Landlords prior written consent to the extent provided in this [Article VII]. Tenant shall pay to Landlord all reasonable, out-of-pocket, third party expenses (including reasonable attorneys fees and accounting costs) incurred by Landlord in connection with Tenants request for Landlord to give its consent to any assignment, subletting, or mortgage, and Landlords receipt of such sum shall be a condition to Landlord providing such consent. Any sublease, assignment or mortgage shall, at Landlords option, be effected on forms reasonably approved by Landlord (such approval not to be unreasonably conditioned or delayed). Tenant shall deliver to Landlord a fully-executed copy of each agreement evidencing a sublease, assignment or mortgage, and Landlords consent thereto (where such consent is required by the terms of this Lease), on Landlords standard form consent document (subject to reasonable negotiation), within ten (10) business days after execution thereof.
General Requirements. TenantIn case of a subletting, the subtenant shall not assign, transfer or otherwise encumber (collectively, assign) this Lease orbe expressly subject to all or any of Tenants rights hereunder or interest herein, or sublet or permit anyone to use or occupy (collectively, sublet) the Premises or any part thereof, without obtaining the prior written consent of Landlord, which consent may be withheld or granted in Landlords sole and absolute discretion (subject to the remainder of this [Article VII]). Notwithstanding any of the foregoing to the contrary, provided no Event of Default has occurred and is continuing, and subject to Landlords rights and Tenants obligations pursuant to [[Sections 7.3, 7.4 and 7.5]5]5]]5]5] below, Landlord shall not unreasonably withhold, condition or delay its consent to any proposed subletting of the entire or any portion of the Premises or assignment of the Lease in its entirety. For purposes of the immediately preceding sentence, it shall be reasonable for Landlord to withhold its consent if, for example: # the proposed subtenant or assignee is engaged in a business, or the Premises will be used in a manner (other than general office use), that is inconsistent with the first class image of the Building, or would cause Landlord to be in violation of any covenant or restriction granted by Landlord on an arms-length basis contained in another lease or other agreement at the Building with an unaffiliated third party, except no such restriction shall prevent the use of the Premises for general office use with lawful accessory uses; or # Landlord is not reasonably satisfied with the financial condition of the proposed subtenant or assignee, with due regard for the financial obligations of the proposed subtenant or assignee being undertaken pursuant to the proposed assignment or sublease, and the fact that Tenant will remain liable for all financial and other obligations under this Lease; or # the proposed use of the Premises is not in compliance with [Article VI] or is not compatible with the other uses within, and the terms of other leases with respect to, the Building; or # the initial Tenant does not remain fully liable as a primary obligor for the payment of all Rent and other charges payable by Tenant under this Lease and for the performance of all other obligations of Tenant under this Lease;further condition and restriction that such sublease shall not be assigned, encumbered or # the proposed subtenant or assignee is a governmental or quasi-governmental agency; or # where their consent is required, the holders of Mortgages encumbering the Buildingotherwise transferred or the Commercial/Garage Unit shall fail to consent (Landlord hereby agreeing to use commercially reasonable efforts to obtain such consent if Landlord otherwise approves such transaction);Premises further sublet by the subtenant in whole or #in part, or any part thereof suffered or permitted by the proposed subtenant or assignee is either # an existing tenant of the Building (or any parent, subsidiary or affiliate thereof), or # for a period of seventy-five (75) days following the submission of a written proposal for the lease of space (and thereafter if a mutual agreement such as a letter of intent is executed within such period), any other person or entity with which Landlord has been negotiating for the rental of space in the Building, provided that in either such case Landlord shall have other space available in the Building which could reasonably be expected to meet such person or entitys space needs and time constraints. For the avoidance of doubt, the foregoing list of conditions is not intended to be an exhaustive list of the conditions under which Landlord may disapprove a proposed sublettingused or assignment hereunder, and rather it is a list of conditions that must all be satisfied in order for Landlord to be obligated not to unreasonably withhold, condition or delay its consent. No assignment or right of occupancy hereunder may be effectuatedoccupied by operation of law or otherwiseothers, without the prior written consent of Landlord. Any attempted assignment, transfer,Landlord in each instance (which consent shall be granted or other encumbrance of this Lease or all or any of Tenants rights hereunder or interest herein, any sublet or permission to use or occupy the Premises or any part thereof notwithheld in accordance with this [Article VII], shall be void and of no force or effect. Any assignment or subletting, Landlords consent thereto, the listing or posting of any name other than Tenants, or Landlords collection or acceptance of rent from any assignee or subtenant shall not be construed either as waiving or releasing Tenant from any of its liabilities or obligations under this Lease as a principal and not as a guarantor or surety, or as relieving Tenant or any assignee or subtenant from the obligation of obtaining Landlords prior written consent to any subsequent assignment or subletting, where such consent is required hereunder. As security for this Lease, Tenant hereby assigns to Landlord the rent due from any assignee or subtenant of Tenant (but Landlord hereby grants Tenant a license to collect any such rent until an Event of Default). During any period that an Event of Default has occurred and remains uncured, Tenant hereby authorizes each such assignee or subtenant to pay said rent directly to Landlord upon receipt of written notice from Landlord, with a copy thereof to Tenant, specifying same. Landlords collection of such rent shall not be construed as an acceptance of such assignee or subtenant as a tenant. Any rent so paid by an assignee or subtenant to Landlord shall be credited to Tenants obligations under this Lease. Any mortgage, pledge, hypothecation or encumbrance (collectively mortgage7]) of this Lease or Tenants leasehold interest shall be considered an assignment of this Lease and subject to Landlords prior written consent to the extent provided in this [Article VII]. Tenant shall pay to Landlord all reasonable, out-of-pocket, third party expenses (including reasonable attorneys fees and accounting costs) incurred by Landlord in connection with Tenants request for Landlord to give its consent to any assignment, subletting, or mortgage, and Landlords receipt of such sum shall be a condition to Landlord providing such consent. Any sublease, assignment or mortgage shall, at Landlords option, be effected on forms reasonably approved by Landlord (such approval not to be unreasonably conditioned or delayed). Tenant shall deliver to Landlord a fully-executed copy of each agreement evidencing a sublease, assignment or mortgage, and Landlords consent thereto (where such consent is required by the terms of this Lease), on Landlords standard form consent document (subject to reasonable negotiation), within ten (10) business days after execution thereof.;
General Requirements.Assignment and subletting. Tenant shallwill not assign, transferassign this Lease, in whole or otherwise encumber (collectively, assign) this Lease or all or any of Tenants rights hereunder or interest herein, orin part, nor sublet or permit anyone toany use of the Premises, other than for off-street parking of automobiles, nor license, nor pledge or occupy (collectively, sublet) the Premisesencumber by mortgage or any part thereof,other instruments its interest in this Lease without obtaining theLandlords prior written consent of Landlord,consent, which consent may be withheld or grantedby Landlord in Landlordsits sole and absolute discretion (subject to the remainder of this [Article VII]). Notwithstandingdiscretion. This prohibition includes any of the foregoing to the contrary, provided no Event of Default has occurred and is continuing, and subject to Landlords rights and Tenants obligations pursuant to [[Sections 7.3, 7.4 and 7.5]5]5]]5]5] below, Landlord shall not unreasonably withhold, condition or delay its consent to any proposed subletting of the entire or any portion of the Premises or assignment of the Lease in its entirety. For purposes of the immediately preceding sentence, it shall be reasonable for Landlord to withhold its consent if, for example: # the proposed subtenant or assignee is engaged in a business, or the Premises will be used in a manner (other than general office use), that is inconsistent with the first class image of the Building, or would cause Landlord to be in violation of any covenant or restriction granted by Landlord on an arms-length basis contained in another lease or other agreement at the Building with an unaffiliated third party, except no such restriction shall prevent the use of the Premises for general office use with lawful accessory uses; or # Landlord is not reasonably satisfied with the financial condition of the proposed subtenant or assignee, with due regard for the financial obligations of the proposed subtenant or assignee being undertaken pursuant to the proposed assignment or sublease, and the fact that Tenant will remain liable for all financial and other obligations under this Lease; or # the proposed use of the Premises is not in compliance with [Article VI] or is not compatible with the other uses within, and the terms of other leases with respect to, the Building; or # the initial Tenant does not remain fully liable as a primary obligor for the payment of all Rent and other charges payable by Tenant under this Lease and for the performance of all other obligations of Tenant under this Lease; or # the proposed subtenant or assignee is a governmental or quasi-governmental agency; or # where their consent is required, the holders of Mortgages encumbering the Building or the Commercial/Garage Unit shall fail to consent (Landlord hereby agreeing to use commercially reasonable efforts to obtain such consent if Landlord otherwise approves such transaction); or # the proposed subtenant or assignee is either # an existing tenant of the Building (or any parent, subsidiary or affiliate thereof), or # for a period of seventy-five (75) days following the submission of a written proposal for the lease of space (and thereafter if a mutual agreement such as a letter of intent is executed within such period), any other person or entity with which Landlord has been negotiating for the rental of space in the Building, provided that in either such case Landlord shall have other space available in the Building which could reasonably be expected to meet such person or entitys space needs and time constraints. For the avoidance of doubt, the foregoing list of conditions is not intended to be an exhaustive list of the conditions under which Landlord may disapprove a proposed subletting or assignment hereunder, and rather it is a list of conditions that must all be satisfied in order for Landlord to be obligated not to unreasonably withhold, condition or delay its consent. No assignment or right of occupancy hereunder may be effectuatedwhich would otherwise occur by operation of law or otherwise without the prior written consent of Landlord. Any attempted assignment, transfer,law, merger, consolidation, reorganization, transfer or other encumbrance of this Lease or all or anychange of Tenants rights hereundercorporate or interest herein,trustee in any subletfederal or permission to usestate bankruptcy, insolvency, or occupy the Premises or any part thereof not in accordance with this [Article VII], shall be void and of no force or effect. Any assignment or subletting, Landlords consent thereto, the listing or posting of any name other than Tenants, or Landlords collection or acceptance of rent from any assignee or subtenant shall not be construed either as waiving or releasing Tenant from any of its liabilities or obligations under this Lease as a principal and not as a guarantor or surety, or as relieving Tenant or any assignee or subtenant from the obligation of obtaining Landlords prior written consent to any subsequent assignment or subletting, where such consent is required hereunder. As security for this Lease, Tenant hereby assigns to Landlord the rent due from any assignee or subtenant of Tenant (but Landlord hereby grants Tenant a license to collect any such rent until an Event of Default). During any period that an Event of Default has occurred and remains uncured, Tenant hereby authorizes each such assignee or subtenant to pay said rent directly to Landlord upon receipt of written notice from Landlord, with a copy thereof to Tenant, specifying same. Landlords collection of such rent shall not be construed as an acceptance of such assignee or subtenant as a tenant. Any rent so paid by an assignee or subtenant to Landlord shall be credited to Tenants obligations under this Lease. Any mortgage, pledge, hypothecation or encumbrance (collectively mortgage) of this Lease or Tenants leasehold interest shall be considered an assignment of this Lease and subject to Landlords prior written consent to the extent provided in this [Article VII]. Tenant shall pay to Landlord all reasonable, out-of-pocket, third party expenses (including reasonable attorneys fees and accounting costs) incurred by Landlord in connection with Tenants request for Landlord to give its consent to any assignment, subletting, or mortgage, and Landlords receipt of such sum shall be a condition to Landlord providing such consent. Any sublease, assignment or mortgage shall, at Landlords option, be effected on forms reasonably approved by Landlord (such approval not to be unreasonably conditioned or delayed). Tenant shall deliver to Landlord a fully-executed copy of each agreement evidencing a sublease, assignment or mortgage, and Landlords consent thereto (where such consent is required by the terms of this Lease), on Landlords standard form consent document (subject to reasonable negotiation), within ten (10) business days after execution thereof.proceedings.
General Requirements.If Tenant shall not assign, transferrequests Landlords consent to a specific assignment or otherwise encumber (collectively, assign) this Lease or all or any ofsubletting (as opposed to giving a mere Tenants rights hereunderRecapture Offer), it shall submit in writing to Landlord # the name and address of the proposed assignee or interest herein,sublessee, # a duly executed counterpart of the proposed agreement of assignment or sublet or permit anyone to use or occupy (collectively, sublet) the Premises or any part thereof, without obtaining the prior written consent of Landlord, which consent may be withheld or granted in Landlords sole and absolute discretion (subjectsublease, # reasonably satisfactory information as to the remaindernature and character of the business of the proposed assignee or sublessee and as to the nature of its proposed use of the space, and # banking, financial or other credit information relating to the proposed assignee or sublessee reasonably sufficient to enable Landlord to determine the financial responsibility and character of the proposed assignee or sublessee. Landlord shall have a period of thirty (30) days from the date Tenant submits all of the required documents set forth above in the first (1st) sentence of this [Article VII]). Notwithstanding any of the foregoing[Section 7.06] to the contrary, provided no Event of Default has occurred and is continuing, and subject to Landlords rights and Tenants obligations pursuant to [[Sections 7.3, 7.4 and 7.5]5]5]]5]5] below, Landlord shall not unreasonably withhold, conditioneither grant or delaywithhold its consent to any proposed subletting of the entire or any portion of the Premises or assignment of the Lease in its entirety. For purposes of the immediately preceding sentence, it shall be reasonable for Landlord to withhold its consent if, for example: # the proposed subtenant or assignee is engaged in a business, or the Premises will be used in a manner (other than general office use), that is inconsistent with the first class image of the Building, or would cause Landlord to be in violation of any covenant or restriction granted by Landlord on an arms-length basis contained in another lease or other agreement at the Building with an unaffiliated third party, except no such restriction shall prevent the use of the Premises for general office use with lawful accessory uses; or # Landlord is not reasonably satisfied with the financial condition of the proposed subtenant or assignee, with due regard for the financial obligations of the proposed subtenant or assignee being undertaken pursuant to the proposed assignment or sublease, and the fact that Tenant will remain liable for all financial and other obligations under this Lease; or # the proposed use of the Premises is not in compliance with [Article VI] or is not compatible with the other uses within, and the terms of other leases with respect to, the Building; or # the initial Tenant does not remain fully liable as a primary obligor for the payment of all Rent and other charges payable by Tenant under this Lease and for the performance of all other obligations of Tenant under this Lease; or # the proposed subtenant or assignee is a governmental or quasi-governmental agency; or # where their consent is required, the holders of Mortgages encumbering the Building or the Commercial/Garage Unit shall failsublease pursuant to consent (Landlord hereby agreeing to use commercially reasonable efforts to obtain such consent if Landlord otherwise approves such transaction); or # the proposed subtenant or assignee is either # an existing tenant of the Building (or any parent, subsidiary or affiliate thereof), or # for a period of seventy-five (75) days following the submission of a written proposal for the lease of space (and thereafter if a mutual agreement such as a letter of intent is executed within such period), any other person or entity with which Landlord has been negotiating for the rental of space in the Building, provided that in either such case Landlord shall have other space available in the Building which could reasonably be expected to meet such person or entitys space needs and time constraints. For the avoidance of doubt, the foregoing list of conditions is not intended to be an exhaustive list of the conditions under which Landlord may disapprove a proposed subletting or assignment hereunder, and rather it is a list of conditions that must all be satisfied in order for Landlord to be obligated not to unreasonably withhold, condition or delay its consent. No assignment or right of occupancy hereunder may be effectuated by operation of law or otherwise without the prior written consent of Landlord. Any attempted assignment, transfer, or other encumbrance of this Lease or all or any of Tenants rights hereunder or interest herein, any sublet or permission to use or occupy the Premises or any part thereof not in accordance with this [Article VII], shall be void and of no force or effect. Any assignment or subletting, Landlords consent thereto, the listing or posting of any name other than Tenants, or Landlords collection or acceptance of rent from any assignee or subtenant shall not be construed either as waiving or releasing Tenant from any of its liabilities or obligations under this Lease as a principal and not as a guarantor or surety, or as relieving Tenant or any assignee or subtenant from the obligation of obtaining Landlords prior written consent to any subsequent assignment or subletting, where such consent is required hereunder. As security for this Lease, Tenant hereby assigns to Landlord the rent due from any assignee or subtenant of Tenant (but Landlord hereby grants Tenant a license to collect any such rent until an Event of Default). During any period that an Event of Default has occurred and remains uncured, Tenant hereby authorizes each such assignee or subtenant to pay said rent directly to Landlord upon receipt of written notice from Landlord, with a copy thereof to Tenant, specifying same. Landlords collection of such rent shall not be construed as an acceptance of such assignee or subtenant as a tenant. Any rent so paid by an assignee or subtenant to Landlord shall be credited to Tenants obligations under this Lease. Any mortgage, pledge, hypothecation or encumbrance (collectively mortgage) of this Lease or Tenants leasehold interest shall be considered an assignment of this Lease and subject to Landlords prior written consent to the extent provided in this [Article VII]. Tenant shall pay to Landlord all reasonable, out-of-pocket, third party expenses (including reasonable attorneys fees and accounting costs) incurred by Landlord in connection with Tenants request for Landlord to give its consent to any assignment, subletting, or mortgage, and Landlords receipt of such sum shall be a condition to Landlord providing such consent. Any sublease, assignment or mortgage shall, at Landlords option, be effected on forms reasonably approved by Landlord (such approval not to be unreasonably conditioned or delayed). Tenant shall deliver to Landlord a fully-executed copy of each agreement evidencing a sublease, assignment or mortgage, and Landlords consent thereto (where such consent is required by the terms of this Lease), on Landlords standard form consent document (subject to reasonable negotiation), within ten (10) business days after execution thereof.[Article 7]. If
General Requirements.If Landlord shall approve the proposed assignee or subtenant, Landlord and Tenant shall not assign, transferenter into an agreement pursuant to which the proceeds of such assignment or otherwise encumber (collectively, assign) this Lease or all or any of Tenants rights hereunder or interest herein, or sublet or permit anyone to use or occupy (collectively, sublet) the Premises or any part thereof, without obtaining the prior written consent of Landlord, which consent may be withheld or granted in Landlords sole and absolute discretion (subject to the remainder of this [Article VII]). Notwithstanding anysubletting, net of the foregoing to the contrary,fixed rent and additional rent provided no Eventfor in this lease and after recovery by Tenant of Default has occurredall costs and is continuing, and subject to Landlords rights and Tenants obligations pursuant to [[Sections 7.3, 7.4 and 7.5]5]5]]5]5] below, Landlord shall not unreasonably withhold, conditionexpenses incurred in connection with such assignment or delay its consent to any proposed sublettingsubletting, including, without limitation, costs of the entirealtering all or any portion of the PremisesDemised Premises, brokerage commissions, legal fees and such other costs and expenses as Tenant shall have reasonably incurred in connection with such assignment or subletting, shall be shared equally between Landlord and Tenant. Any such sublease or assignment shall be expressly subject to all of the Lease in its entirety. For purposes of the immediately preceding sentence, it shall be reasonable for Landlord to withhold its consent if, for example: # the proposed subtenant or assignee is engaged in a business, or the Premises will be used in a manner (other than general office use), that is inconsistent with the first class image of the Building, or would cause Landlord to be in violation of any covenant or restriction granted by Landlord on an arms-length basisterms, covenants, conditions and provisions contained in another leasethis Lease. No assignment or other agreement at the Building with an unaffiliated third party, except no such restrictionsubletting shall prevent the use of the Premises for general office use with lawful accessory uses;release or # Landlord is not reasonably satisfied with the financial condition of the proposed subtenant or assignee, with due regard for the financial obligations of the proposed subtenant or assignee being undertakenrelieve Tenant from any obligation which Tenant may have under and pursuant to the proposed assignment or sublease,terms, covenants, conditions and the fact that Tenant will remain liable for all financial and other obligations under this Lease; or # the proposed use of the Premises is not in compliance with [Article VI] or is not compatible with the other uses within, and the terms of other leases with respect to, the Building; or # the initial Tenant does not remain fully liable as a primary obligor for the payment of all Rent and other charges payable by Tenant under this Lease and for the performance of all other obligations of Tenant under this Lease; or # the proposed subtenant or assignee is a governmental or quasi-governmental agency; or # where their consent is required, the holders of Mortgages encumbering the Building or the Commercial/Garage Unit shall fail to consent (Landlord hereby agreeing to use commercially reasonable efforts to obtain such consent if Landlord otherwise approves such transaction); or # the proposed subtenant or assignee is either # an existing tenant of the Building (or any parent, subsidiary or affiliate thereof), or # for a period of seventy-five (75) days following the submission of a written proposal for the lease of space (and thereafter if a mutual agreement such as a letter of intent is executed within such period), any other person or entity with which Landlord has been negotiating for the rental of space in the Building, provided that in either such case Landlord shall have other space available in the Building which could reasonably be expected to meet such person or entitys space needs and time constraints. For the avoidance of doubt, the foregoing list of conditions is not intended to be an exhaustive list of the conditions under which Landlord may disapprove a proposed subletting or assignment hereunder, and rather it is a list of conditions that must all be satisfied in order for Landlord to be obligated not to unreasonably withhold, condition or delay its consent. No assignment or right of occupancy hereunder may be effectuated by operation of law or otherwise without the prior written consent of Landlord. Any attempted assignment, transfer, or other encumbranceprovisions of this Lease or all or any of Tenants rights hereunder or interest herein, any sublet or permission to use or occupy the Premises or any part thereof not in accordance with this [Article VII], shall be void and of no force or effect. Any assignment or subletting, Landlords consent thereto, the listing or posting of any name other than Tenants, or Landlords collection or acceptance of rent from any assignee or subtenant shall not be construed either as waiving or releasing Tenant from any of its liabilities or obligations under this Lease as a principal and not as a guarantor or surety, or as relieving Tenant or any assignee or subtenant from the obligation of obtaining Landlords prior written consent to any subsequent assignment or subletting, where such consent is required hereunder. As security for this Lease, Tenant hereby assigns to Landlord the rent due from any assignee or subtenant of Tenant (but Landlord hereby grants Tenant a license to collect any such rent until an Event of Default). During any period that an Event of Default has occurred and remains uncured, Tenant hereby authorizes each such assignee or subtenant to pay said rent directly to Landlord upon receipt of written notice from Landlord, with a copy thereof to Tenant, specifying same. Landlords collection of such rent shall not be construed as an acceptance of such assignee or subtenant as a tenant. Any rent so paid by an assignee or subtenant to Landlord shall be credited to Tenants obligations under this Lease. Any mortgage, pledge, hypothecation or encumbrance (collectively mortgage) of this Lease or Tenants leasehold interest shall be considered an assignment of this Lease and subject to Landlords prior written consent to the extent provided in this [Article VII]. Tenant shall pay tothe reasonable costs and expenses of counsel for Landlord all reasonable, out-of-pocket, third party expenses (including reasonable attorneys fees and accounting costs) incurred byas Landlord shall reasonably incur in connection with Tenants request for Landlord to give its consent to any assignment, subletting, or mortgage, and Landlords receiptreview of such sumassignment or sublease. No approval shall be a condition to Landlord providing such consent. Any sublease, assignment or mortgage shall, at Landlords option, be effected on forms reasonably approvedrequired for nor shall profit sharing result from occupancy of the Demised Premises by Landlord (such approval not to be unreasonably conditioned or delayed). Tenant shall deliver to Landlord a fully-executed copylicensees of each agreement evidencing a sublease, assignment or mortgage, and Landlords consent thereto (where such consent is required by the terms of this Lease), on Landlords standard form consent document (subject to reasonable negotiation), within ten (10) business days after execution thereof.Tenant.
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