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a result of TENANT's use or occupancy thereof; or (c) the rights and obligations of the TENANT under this Lease. ARTICLE 8 - ASSIGNMENT AND SUBLETTING 8.1 CONSENT REQUIRED. TENANT may not sell, assign or transfer this Lease, or any right or privilege granted hereunder, or sublet all or any portion of the Premises, or permit any business to be operated in or from the Premises by any licensee or concessionaire, without the prior written consent of LANDLORD, which consent shall not be unreasonably withheld or denied. Any transfer which is not in compliance with the provisions of this Article shall, at the option of LANDLORD, be void and of no force or effect. Any transfer of TENANT's interest in this Lease or the Premises by operation of law, regardless of whether the same is characterized as voluntary or involuntary, shall be construed as an "assignment" prohibited by this Article. Upon such permitted assignment or subletting, assignee or sublessee shall assume all obligations of TENANT under this Lease provided that any assignee has first executed an assumption agreement as provided in Section 8.2. Further, LANDLORD's wntten consent to any one assignment or subletting shall not act as a waiver of the requirements of consent with respect to any subsequent assignment or subletting. Notwithstanding the foregoing, TENANT may make a collateral assignment of its interest in this Lease for security purposes to the holders of deeds of trust or mortgages on TENANT's improvements or as security in connection with corporate refinancing without requiring LANDLORD consent; provided, however, that no such collateral assignment shall encumber or purport to encumber any real property constituting the Premises. 8.2 ASSUMPTION AGREEMENT. Any assignee including a collateral assignee of TENANT shall execute and deliver to LANDLORD an assignment agreement in a form satisfactory to LANDLORD prior to the effective date of the proposed assignment. Any sublease or assignment made in violation of this Article 8 shall be considered void and of no force or effect. 8.3 INFORMATION TO LANDLORD. TENANT shall provide for any proposed assignment, sublease or transfer all information reasonably requested by LANDLORD, including (i) the name and address of the proposed subtenant, assignee, pledgee, mortgagee or transferee, (ii) a reasonably detailed description of such person or entity's business, (iii) reasonably detailed financial references for such person or entity, (iv) a true and complete copy of the proposed sublease, assignment, pledge, mortgage or other conveyance and all related documentation, and (v) such other information as LANDLORD may reasonably require. ARTICLE 9 - DEFAULT OF TENANT OR LANDLORD 9.1 DEFAULT OF TENANT. TENANT shall be deemed in default of its obligations under this Lease upon the occurrence of any of the following: (a) TENANT's failure to pay rent within ten (10) days after written notice from LANDLORD that such sums are due and owing; 8