Common use of Definition of Lessor Clause in Contracts

Definition of Lessor. The term "LESSOR" as used herein shall mean the owner or owners at the time in question of the fee title to the Premises, or, if this is a sublease, of the Lessee's interest in the prior lease. In the event of a transfer of Lessor's title or interest in the Premises or this Lease, the prior Lessor shall fully be released from and relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Lessor shall be binding only upon the Lessor as hereinabove defined.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Marconi Corp PLC), Guaranty of Lease (Advanced Fibre Communications Inc)

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Definition of Lessor. The term "LESSOR" “Lessor” as used herein shall mean the owner or owners at the time in question of the fee title to the Premises, or, if this is a sublease, of the Lessee's interest in the prior lease. In the event of a transfer of Lessor's title or interest in the Premises or this Lease, the prior Lessor shall fully be released from and relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Lessor shall be binding only upon the Lessor as hereinabove defined.

Appears in 1 contract

Samples: Work Letter Agreement

Definition of Lessor. The term "LESSOR" “Lessor” as used herein shall mean the owner or owners at the time in question of the fee title to the Premises, or, if this is a sublease, sublease of the Lessee's ’s interest in the prior lease. In the event of a transfer of Lessor's ’s title or interest in the Premises or this Lease, Lease the prior Lessor shall fully be released from and relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Lessor shall be binding only upon the Lessor as hereinabove defined.

Appears in 1 contract

Samples: SMART Global Holdings, Inc.

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Definition of Lessor. The term "LESSORLessor" as used herein shall mean the owner or owners at the time in question of the fee title to the Premises, or, if this is a sublease, sublease of the Lessee's interest in the prior lease. In the event of a transfer of Lessor's title or interest in the Premises or this Lease, Lease the prior Lessor shall fully be released from and relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Lessor shall be binding only upon the Lessor as hereinabove defined.

Appears in 1 contract

Samples: SMART Modular Technologies (WWH), Inc.

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