Common use of APPLICABILITY TO HEIRS AND ASSIGNS Clause in Contracts

APPLICABILITY TO HEIRS AND ASSIGNS. The provisions of this Lease shall apply to, bind and inure to the benefit of Landlord and Tenant, and their respective heirs, successors, legal representatives and assigns. It is understood that the term "Landlord" as used in this Lease means only the owner, a mortgagee in possession or a term Tenant of the Building, so that in the event of any sale of the Building or of any lease thereof, or if a mortgagee shall take possession of the Premises, the Landlord named herein shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing thereafter, and it shall be deemed without further agreement that the purchaser, the term Tenant of the Building, or the mortgagee in possession has assumed and agreed to carry out any and all covenants and obligations of the Landlord hereunder.

Appears in 3 contracts

Samples: Lease Agreement (Cinedigm Digital Cinema Corp.), Lease Agreement (Access Integrated Technologies Inc), 20 Lease Agreement (Mail Com Inc)

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APPLICABILITY TO HEIRS AND ASSIGNS. The provisions of this Lease shall apply to, bind and inure to the benefit of Landlord and Tenant, Tenant and their respective heirs, successors, legal representatives and assigns. It is understood that the term "Landlord" as used in this Lease means only the owner, a mortgagee in possession or a term Tenant lessee of the Building, so that in the event of any sale of the Building or of any lease thereof, thereof or if a mortgagee shall take possession of the Premises, the Landlord named herein shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing thereafter, and it shall be deemed without further agreement that the purchaser, the term Tenant lessee of the Building, or the mortgagee in possession has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder and Tenant shall upon receipt of notice from the Landlord hereunderowner of the reversion attorn thereto.

Appears in 2 contracts

Samples: Lease Agreement (Computer Outsourcing Services Inc), Lease Agreement (Infocrossing Inc)

APPLICABILITY TO HEIRS AND ASSIGNS. The provisions provision of this Lease lease shall apply to, bind bind, and inure to the benefit of Landlord and Tenant, and their respective heirs, successors, legal representatives representatives, and assigns. It is understood that the term "Landlord" as used in this Lease means only the owner, a mortgagee in possession possession, or a term Tenant of the Buildingbuilding, so that in the event of any sale of the Building building or of any lease thereof, or if a mortgagee shall take possession of the Premisespremises, the Landlord named herein shall be and hereby is entirely freed of relief and relieved of all covenants and obligations obligation of Landlord hereunder accruing occurring thereafter, and it shall be deemed without further agreement that the purchaser, the term Tenant of the Buildingbuilding, or the mortgagee in possession has assumed and agreed to carry out any and all covenants and obligations of the Landlord hereunder.

Appears in 1 contract

Samples: Lease Agreement (Patient Infosystems Inc)

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APPLICABILITY TO HEIRS AND ASSIGNS. The provisions of this Lease shall apply to, bind and inure to the benefit of Landlord and Tenant, Tenant and their respective heirs, successors, legal representatives and assigns. It is understood that the term "Landlord" as used in this Lease means only the owner, a mortgagee in possession or a term Tenant of the Building, so that in the event of any sale of the Building or of any lease thereof, thereof or if a mortgagee shall take possession of the Premises, the Landlord named herein shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing thereafter, and it shall be deemed without further agreement that the purchaser, the term Tenant of the Building, or the mortgagee in possession has assumed and agreed to carry out any and all covenants and obligations of the Landlord hereunder.

Appears in 1 contract

Samples: North American Integrated Marketing Inc

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