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proposed assignee; or (c) terminate this Lease in its entirety or as to the portion of the Premises subject to the proposed Transibr, with a proportionate
<br />adjustment in the Rent payable hereunder if this Lease is ternimued as to less than all of die Premises. For the avoidance of doubt, this Section
<br />shall not apply to any Permitted Sublease.
<br />11.4 Landlord's Consent: Standards.
<br />11.4.1 If Landlord does not exercise any of tine options described in Sea( !on above, then within twenty (20) business days
<br />following its receipt of a Transfer Notice (and all of die other Items described in Section 11.2 above), Landlord shall notify Tenant whether it will
<br />grant or withhold its consent to the proposed Transfer in accordance with Section 11.4 below. Landlord's consent to any proposed Transfer shall not
<br />be unreasonably withheld; provided, however, that in addition to any other grounds available hereunder or under applicable Law for properly
<br />withholding consent to such proposed Transfer, Tenant acknowledges and agrees that it shall be reasonable for Landlord to withhold its consent to
<br />any proposed Transfer fa (a) in Landlord's good faith judgment: (1) die proposed Transferee does not have the financial strength (taking into
<br />account all of the Transferee's of iqr actual or potential obligations and liabilities) to perform its obligations with respect to the proposed Transfer (or
<br />otherwise does not satisfy, Landlord's standards for financial standing with respect to tenants under direct leases of comparable economic scope), ((i)
<br />the proposed Transferee is ore character or reputation or engaged in a business which is not consistent with the quality of the Project or the business
<br />and operations of die proposed Transferee are not of comparable quality to the business and operations being conducted by direct tenants of Landlord
<br />in the Project or (Ili) die use of the Premises, the Building or ilia Project by the proposed Transferee would; (A) significantly increase pedestrian
<br />traffic in and out of the Building and/or the Project, (B) generate increased loitering in Common Areas, (C) increase security risk, or (D) require any
<br />alterations to the Building or the Project to comply with applicable Laws; (b) die proposed Transferee has the power of eminent domain, is a
<br />governmental agency or an agency or subdivision of a foreign government; (a) the proposed Transferee intends to use any part of the Premises for a
<br />purpose not permitted under this Lease; (d) either the proposed Transfereq, or any person which directly or indirectly controls, is controlled by, or is
<br />under common control with the proposed Transferee (i) occupies space in the Project or has negotiated with Landlord within the preceding one
<br />hundred eighty (180) days (or is currently negotiating with Landlord) to lease space in the Project or (ii) is a direct competitor of Landiord; (e) an
<br />Event of Default then exists; (f) the proposed Transfer would cause Landlord to be in violation of another lease or agreement to which Landlord is a
<br />party or would give en occupant of the Project a right to cancel or modify its lease; (g) any ground lessor or mortgagee whose consent to such
<br />Transfer is required fails to consent thereto•, (h) the terms orate proposed Transfer will allow ilia Transferee to exercise a right of renewal, right of
<br />expansion, right of first offer, or other similar rights held by Tenant (or will allow the Transferee to occupy space leased by Tenant pursuant to any
<br />such right); (I) the proposed Transfer would be on economic terms (based upon effective rental rates) more favorable to tie Transferee then the
<br />economic terms then being accepted by Landlord for comparable direct leasing transactions in the Project; or (j) the proposed Transfer would result
<br />in more than three subleases per each full floor of the Premises being in effect at any one time during the Term. For die avoidance of doubt, this
<br />Section 11.4.1 shall not apply to any Permitted Sublease
<br />11.4.2 Notwithstanding anything to the contrary in this Lease, if Tenant or any proposed Transferee claims that Landlord has
<br />unreasonably withheld its consent or otherwise acted in a manner not permitted under this Article I I. then the sole remedy of Tenant and such
<br />proposed Transferee if such clahu is determined by a court of competent jurisdiction to be successful shall be a declaratory judgment and an
<br />injunction for die relief sought without any monetary damages or other monelaty relief. To the maximum extent permitted by Law, Tenant and cacti
<br />proposed Transferee hereby waive any and all other remedies, including, without limitation, any right at law or equity to terminate this Lease with
<br />respect to any such claim, Tenant shall indemnify, defend, protect and hold harmless Landlord from any and all Claims involving or asserted by any
<br />third party or parties (including, without limitation, Tenant's proposed Transferee and/or any broker representing Tenant and/or such Transferee in
<br />connection with a proposed Transfer) claiming they were damaged by Landlord's wrongful withholding or delaying of consent to any proposed
<br />Transfer or other breach of this Article 11. Tenant acknowledges that Tenant's rights under this Article I I satisfy, the conditions set forth In Section
<br />1951.4 of the Celffomia Civil Code with respect to the availability to Landlord orcertain remedies for a default by Tenant under this Lease.
<br />1L5 'transfer Profits. Subject to the provisions of Mils Article I I if Landlord consents to any Transfer (other than a Permitted
<br />Sublease), Tenant shall pay to Landlord flay percent (50°/u) of any Transfer Profits. Tenant shall provide Landlord with a detailed statement setting
<br />Forth the calculation of any Transfer Profits that Tenant either has or will derive front a Transfer. Landlord or its representative shall have the right at
<br />all reasonable times to audit die books and records of Tenant with respect to flue calculation of Transfer Profits. If such inspection reveals an
<br />underpayment by Tenant of Transfer Profits, Tenant shall pay to Landlord the deficiency and the cost of Landlord's audit within ten (10) business
<br />days after its receipt of the results of such audit. For the avoidance of doubt, this Section 11.5 shall not apply to any Permitted Sublease
<br />11.6 Landlord's Costs. With respect to each Transfer (other than a Permitted Sublease) proposed to be consummated by Tenant,
<br />whether or not Landlord shall grant consent, and whether or not Landlord's consent shall be required, Tenant shall, within ten (10) business days
<br />after written request by Landlord, reimburse all of Landlord's Review Expenses relating to such proposed Transfer. For the avoidance of doubt, this
<br />Section 11.6 shall not apply to any Penniued Sublease
<br />11.7 Couthnnine Liability of Tenant Notwithstanding the consummation or attempted consummation of tiny Transfer under this
<br />Article I I (including, but not limited to, any assignment of this Lease), Tenant shall remain as fully and primarily liable for tine payment orRent and
<br />for the perfumhaice of all other obligations of the "Tenant" contained in this Lease to the some extent us if the Transfer had not occurred. Any net or
<br />emission of any Transferee that violates the terns of Oils Lease shall be decried a defuuh by Tenant tinder this Lease. and Billowing expiration orthe
<br />applicable notice and cure period, shall be deemed an Event of Default, in which case. Landlord may proceed directly against Original Tenant (and/or
<br />any of its successors as the "Tenant" hereunder) without the necessity of exhausting its remedies against such Transferee (notwithstanding the fact
<br />that the Original Tenant (and/or any of its successors as the 'Tenant" hereunder) may have assigned all or its right, tide and interest In this Lease).
<br />Landlord may consent to subsequent Transfers orthis Lease with Translerees of Tenant, upon notice to Tenant. but without obtaining Its or their
<br />consent thereto. and such action shall not relieve Tenant olds liability under this Lease.
<br />11.9 Nun-1 oNg. T'he consent by Landlord to any Transfer shall not relieve Tenant, or any Person claioing through or under
<br />Tenant, of the obligation to Obtain ilia consent of landlord. pursuant to lhi, Article 11. to any further Trmnslbr. Following any Transfer. Landlord
<br />may collect (tent front the Transferee without waiving any rights hereunder, and collection or the Rent from a Person odher than Tenant shall not be
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