Common use of Assignment by County Clause in Contracts

Assignment by County. If County sells or otherwise transfers fee simple title to the Premises, the purchaser or transferee thereof shall be deemed to have assumed County’s obligations hereunder which arise on or after the date of sale or transfer, and County shall thereupon be relieved of all liabilities hereunder accruing from and after the date of such transfer, but this Lease shall otherwise remain in full force and effect. If County assigns County’s interest under this Lease without transferring fee simple title to the Premises to the same person, County as holder of fee simple title to the Premises shall remain liable for the performance of fee holder’s obligations under this Lease.

Assignment by County. If County sells or otherwise transfers fee simple title to the Premises, the purchaser or transferee thereof shall be deemed to have assumed County’s obligations hereunder which arise on or after the date of sale or transfer, and County shall thereupon be relieved of all liabilities hereunder accruing from and after the date of such transfer, but this Lease shall otherwise remain in full force and effect. If County assigns County’s interest under this Lease without transferring fee simple title to the Premises to the same person, County as holder of fee simple title to the Premises shall remain liable for the performance of fee holder’s obligations under this Lease.. 36

Assignment by County. If County sells or otherwise transfers fee simple title to the Premises, the purchaser or transferee thereof shall be deemed to have assumed County’s obligations hereunder which arise on or after the date of sale or transfer, and County shall thereupon be relieved of all liabilities hereunder accruing from and after the date of such transfer, but this Lease shall otherwise remain in full force and effect. If County assigns County’s interest under this Lease without transferring fee simple title to the Premises to the same person, County as holder of fee simple title to the Premises shall remain liable for the performance of fee holder’s obligations under this Lease.. 33