§ 10.  


Latest version.
  • The rights and privileges hereby granted shall not, either in whole or in part, be assigned or sub-let in any manner, nor pass to or vest in any other person or corporation whatsoever without the consent of the City, evidenced by an instrument under seal, except that the Company may assign or sublet, in whole or in part, said premises to any parent, affiliated or subsidiary corporation of the Company who may be qualified to hold the same without the prior consent of the City; provided, however, that any such assignment or sub-letting to a parent, affiliated or subsidiary corporation of the Company or any other person or corporation, when consented to by the City, shall not release or discharge the Company from any of the duties, liabilities, terms and conditions on its part to be performed under the within ordinance and lease provided for herein. When the consent of the City is necessary, the granting, giving, or waiving of any one or more of such consents shall not render unnecessary any subsequent consent or consents. Every assignment or sub-letting shall be in writing and filed with the City Comptroller and when required, evidence of the consent of the City shall be attached thereto.