RES 03043 - Laserfiche WebLink

ATTACHMENT A (e) A sublease or subleases of non-residential spaces in the Improvements. The Lessee shall not, without first obtaining the written consent of the Lessor. sublet the Improvements or any part of such Improvements, and Lessor expressly covenants that such consent shall not be unreasonably or arbitrarily refused. 2.10 IcivfeCtllRticm ,qf ("e, rtain Pe, rmitted TrRn~(~r~ No Transfer of this Lease permitted pursuant to Section 2.11 (other than a transfer pursuant to Section 2.9(a) or (b)), shall be effective unless, at the time of the Transfer, the person or entity to which such Transfer is made, by an instrument in writing reasonably satisfactory to the Lessor and in form recordable among the land records, shall expressly assume the obligations of the Lessee under this Lease and agree to be subject to the conditions and restrictions to which the Lessee is subject arising during this Lease, and or Improvements to the fullest extent that such obligations are applicable to the particular portion of or interest in the Land or Improvements conveyed in such Transfer. Anything to the contrary notwithstanding, the holder of a Loan whose interest shall have been acquired by, through or under a Loan Document or shall have been derived immediately from any holder thereof shall not be required to give to the Lessor such written assumption until such holder or other person is in possession of the Land or Improvements or entitled to possession thereof pursuant to enforcement of the Loan Document. In the absence of specific written agreement by the Lessor, no such Transfer, assignment or approval by the Lessor shall be deemed to relieve the Lessee or any other party from any obligations under this Lease. 2.1 ] Other Tr~nqft~r~ with I e~or Con~ent The Lessor may, in its reasonable discretion, approve in writing other Transfers as requested by the Lessee. In connection with such request, there shall be submitted to the Lessor for review all instruments and other legal documents proposed to effect any such Transfer. Ifa requested Transfer is approved by the Lessor such approval shall be indicated to the Lessee in writing. Such approval shall be granted or denied by the Lessor within sixty (60) days of receipt by the Lessor of Lessee's request for approval of a Transfer. 2.12 Optinn tn P]]rchs~e ancl Right nfFir~t Refimnl In the event that this Lease is terminated as a result of a prohibited Transfer, then the Lessor shall have an option to purchase the Improvements on terms attached to this Lease as Fxhihit D. If the Lessor does not exercise the option, the Lessor shall have a right of first refusal on the same terms as the Lessee has offered the Improvements to a third party as attached to this Lease as Fxhihit D 9 144\105\153233.13