Document ID: 14639

Text:
11. | Assignment and Subletting. ---|--- 11.01Except in connection with a Business Transfer (defined in Section11.04), Tenant shall not assign, sublease, transfer or encumber any interest in this Lease or allow any third party to use any portion of the Premises (collectively or individually, a Transfer) without the prior written consent of Landlord. Landlord shall not unreasonably withhold, condition or delay its consent to any assignment of this Lease if Landlord does not exercise its recapture rights under Section11.02. Without limitation, it is agreed that Landlords consent to any assignment or sublet shall not be considered unreasonably withheld if the proposed transferee is a governmental entity or an occupant of the Building or an occupant of any other buildings within the same project or if the proposed transferee, whether or not an occupant of the Building or an occupant of any other buildings within the same project, is, or has been within the last six (6)months, in discussions with Landlord or any affiliate of Landlord regarding the leasing of space within the Building or within any other buildings within the Park, but only to the extent Landlord has similar space currently available for lease. Without limiting the foregoing, a Transfer shall be deemed to include any change in control in at least fifty percent ( 50% ) of the voting rights/shares of Tenant (other than through a change in the ownership of voting securities listed on a recognized public securities exchange). Any Transfer in violation of this Section shall, at Landlords option, be deemed a Default by Tenant as described in Section18, and shall be voidable by Landlord. In no event shall any Transfer, including a Business Transfer, release or relieve Tenant from any obligation under this Lease, and Tenant shall remain primarily liable for the performance of the tenants obligations under this Lease, as amended from time to time. Without otherwise limiting the criteria upon which Landlord may withhold its consent, Landlord shall be entitled to consider all reasonable criteria including, but not limited to, the following: (1)whether or not the proposed transferee is engaged in a business which, and the use of the Premises for the Permitted Use, (2)whether the use to be made of the Premises by the proposed transferee will conflict with any so-called exclusive use then in favor of any other tenant of the Building or the Park (Landlord hereby confirming that, as of the Effective Date, there are no such exclusives that affect the Permitted Use), and whether such use would be prohibited by any other portion of this Lease, including, but not limited to, any rules and regulations then in effect, or under applicable Laws, and whether such use imposes a greater load upon the Premises and the Building and the Park services than imposed by Tenant, (3), and (3)the creditworthiness and financial stability of the proposed transferee in light of the responsibilities involved.

Named Entities:
251
252
Percentage

Tokenized Text:
11
.
|
Assignment
and
Subletting
.
-
-
-
|
-
-
-
11
.
01Except
in
connection
with
a
Business
Transfer
(
defined
in
Section11
.
04
)
,
Tenant
shall
not
assign
,
sublease
,
transfer
or
encumber
any
interest
in
this
Lease
or
allow
any
third
party
to
use
any
portion
of
the
Premises
(
collectively
or
individually
,
a
Transfer
)
without
the
prior
written
consent
of
Landlord
.
Landlord
shall
not
unreasonably
withhold
,
condition
or
delay
its
consent
to
any
assignment
of
this
Lease
if
Landlord
does
not
exercise
its
recapture
rights
under
Section11
.
02
.
Without
limitation
,
it
is
agreed
that
Landlords
consent
to
any
assignment
or
sublet
shall
not
be
considered
unreasonably
withheld
if
the
proposed
transferee
is
a
governmental
entity
or
an
occupant
of
the
Building
or
an
occupant
of
any
other
buildings
within
the
same
project
or
if
the
proposed
transferee
,
whether
or
not
an
occupant
of
the
Building
or
an
occupant
of
any
other
buildings
within
the
same
project
,
is
,
or
has
been
within
the
last
six
(
6
)
months
,
in
discussions
with
Landlord
or
any
affiliate
of
Landlord
regarding
the
leasing
of
space
within
the
Building
or
within
any
other
buildings
within
the
Park
,
but
only
to
the
extent
Landlord
has
similar
space
currently
available
for
lease
.
Without
limiting
the
foregoing
,
a
Transfer
shall
be
deemed
to
include
any
change
in
control
in
at
least
fifty
percent
(
50
%
)
of
the
voting
rights
/
shares
of
Tenant
(
other
than
through
a
change
in
the
ownership
of
voting
securities
listed
on
a
recognized
public
securities
exchange
)
.
Any
Transfer
in
violation
of
this
Section
shall
,
at
Landlords
option
,
be
deemed
a
Default
by
Tenant
as
described
in
Section18
,
and
shall
be
voidable
by
Landlord
.
In
no
event
shall
any
Transfer
,
including
a
Business
Transfer
,
release
or
relieve
Tenant
from
any
obligation
under
this
Lease
,
and
Tenant
shall
remain
primarily
liable
for
the
performance
of
the
tenants
obligations
under
this
Lease
,
as
amended
from
time
to
time
.
Without
otherwise
limiting
the
criteria
upon
which
Landlord
may
withhold
its
consent
,
Landlord
shall
be
entitled
to
consider
all
reasonable
criteria
including
,
but
not
limited
to
,
the
following
:
(
1
)
whether
or
not
the
proposed
transferee
is
engaged
in
a
business
which
,
and
the
use
of
the
Premises
for
the
Permitted
Use
,
(
2
)
whether
the
use
to
be
made
of
the
Premises
by
the
proposed
transferee
will
conflict
with
any
so-called
exclusive
use
then
in
favor
of
any
other
tenant
of
the
Building
or
the
Park
(
Landlord
hereby
confirming
that
,
as
of
the
Effective
Date
,
there
are
no
such
exclusives
that
affect
the
Permitted
Use
)
,
and
whether
such
use
would
be
prohibited
by
any
other
portion
of
this
Lease
,
including
,
but
not
limited
to
,
any
rules
and
regulations
then
in
effect
,
or
under
applicable
Laws
,
and
whether
such
use
imposes
a
greater
load
upon
the
Premises
and
the
Building
and
the
Park
services
than
imposed
by
Tenant
,
(
3
)
,
and
(
3
)
the
creditworthiness
and
financial
stability
of
the
proposed
transferee
in
light
of
the
responsibilities
involved
.