Document ID: 13933

Text:
14.8 Deemed Consent Transfers. Notwithstanding anything to the contrary contained in this Lease, (A)an assignment or subletting of all or a portion of the Premises to an affiliate of Tenant (an entity which is controlled by, controls, or is under common control with, Tenant as of the date of this Lease), (B)a sale of corporate shares of capital stock in Tenant on a nationally-recognized stock exchange, (C)an assignment of the Lease to an entity which acquires all or substantially all of the stock or assets of Tenant, (D)an assignment of the Lease to an entity which is the resulting entity of a merger or consolidation of Tenant during the Lease Term, or (E)an Additional Transfer, shall not be deemed a Transfer requiring Landlords consent under this Article 14 (any such assignee, sublessee, or resultant Tenant described in items (A)through (E)of this Section14.8 hereinafter referred to as a Permitted Transferee), provided that (i)Tenant notifies Landlord at least thirty (30)days prior to the effective date of any such assignment or sublease and promptly supplies Landlord with any documents or information reasonably requested by Landlord regarding such transfer or Permitted Transferee as set forth above, (ii)Tenant is not in default, beyond any applicable notice and cure period, and such assignment or sublease is not a subterfuge by Tenant to avoid its obligations under this Lease, (iii)such Permitted Transferee shall be of a character and reputation consistent with the quality of the Building, (iv)such Permitted Transferee shall have a tangible net worth (not including goodwill as an asset) computed in accordance with generally accepted accounting principles (Net Worth) at least equal to the greater of (1)the Net Worth of Original Tenant on the date of this Lease, and (2)the Net Worth of Tenant on the day immediately preceding the effective date of such assignment or sublease, (v)no assignment or sublease relating to this Lease, whether with or without Landlords consent, shall relieve Tenant from any liability under this Lease, and (vi)the liability such Permitted Transferee under either an assignment or sublease shall be joint and several with Tenant. An assignee of Tenants entire interest in this Lease who qualifies as a Permitted Transferee may also be referred to herein as a Permitted Transferee Assignee. Control, as used in this Section14.8, shall mean the ownership, directly or indirectly, of more than fifty percent (50%)of the voting securities of, or possession of the right to vote, in the ordinary direction of its affairs, of more than fifty percent (50%)of the voting interest in, any person or entity.

Named Entities:
480
481
Percentage
511
512
Percentage

Tokenized Text:
14
.
8
Deemed
Consent
Transfers
.
Notwithstanding
anything
to
the
contrary
contained
in
this
Lease
,
(
A
)
an
assignment
or
subletting
of
all
or
a
portion
of
the
Premises
to
an
affiliate
of
Tenant
(
an
entity
which
is
controlled
by
,
controls
,
or
is
under
common
control
with
,
Tenant
as
of
the
date
of
this
Lease
)
,
(
B
)
a
sale
of
corporate
shares
of
capital
stock
in
Tenant
on
a
nationally-recognized
stock
exchange
,
(
C
)
an
assignment
of
the
Lease
to
an
entity
which
acquires
all
or
substantially
all
of
the
stock
or
assets
of
Tenant
,
(
D
)
an
assignment
of
the
Lease
to
an
entity
which
is
the
resulting
entity
of
a
merger
or
consolidation
of
Tenant
during
the
Lease
Term
,
or
(
E
)
an
Additional
Transfer
,
shall
not
be
deemed
a
Transfer
requiring
Landlords
consent
under
this
Article
14
(
any
such
assignee
,
sublessee
,
or
resultant
Tenant
described
in
items
(
A
)
through
(
E
)
of
this
Section14
.
8
hereinafter
referred
to
as
a
Permitted
Transferee
)
,
provided
that
(
i
)
Tenant
notifies
Landlord
at
least
thirty
(
30
)
days
prior
to
the
effective
date
of
any
such
assignment
or
sublease
and
promptly
supplies
Landlord
with
any
documents
or
information
reasonably
requested
by
Landlord
regarding
such
transfer
or
Permitted
Transferee
as
set
forth
above
,
(
ii
)
Tenant
is
not
in
default
,
beyond
any
applicable
notice
and
cure
period
,
and
such
assignment
or
sublease
is
not
a
subterfuge
by
Tenant
to
avoid
its
obligations
under
this
Lease
,
(
iii
)
such
Permitted
Transferee
shall
be
of
a
character
and
reputation
consistent
with
the
quality
of
the
Building
,
(
iv
)
such
Permitted
Transferee
shall
have
a
tangible
net
worth
(
not
including
goodwill
as
an
asset
)
computed
in
accordance
with
generally
accepted
accounting
principles
(
Net
Worth
)
at
least
equal
to
the
greater
of
(
1
)
the
Net
Worth
of
Original
Tenant
on
the
date
of
this
Lease
,
and
(
2
)
the
Net
Worth
of
Tenant
on
the
day
immediately
preceding
the
effective
date
of
such
assignment
or
sublease
,
(
v
)
no
assignment
or
sublease
relating
to
this
Lease
,
whether
with
or
without
Landlords
consent
,
shall
relieve
Tenant
from
any
liability
under
this
Lease
,
and
(
vi
)
the
liability
such
Permitted
Transferee
under
either
an
assignment
or
sublease
shall
be
joint
and
several
with
Tenant
.
An
assignee
of
Tenants
entire
interest
in
this
Lease
who
qualifies
as
a
Permitted
Transferee
may
also
be
referred
to
herein
as
a
Permitted
Transferee
Assignee
.
Control
,
as
used
in
this
Section14
.
8
,
shall
mean
the
ownership
,
directly
or
indirectly
,
of
more
than
fifty
percent
(
50
%
)
of
the
voting
securities
of
,
or
possession
of
the
right
to
vote
,
in
the
ordinary
direction
of
its
affairs
,
of
more
than
fifty
percent
(
50
%
)
of
the
voting
interest
in
,
any
person
or
entity
.