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Common use of Assignment by Landlord Clause in Contracts

Assignment by Landlord. If the Landlord sells the Building or a portion thereof containing the Leased Premises or assigns this Lease or any interest of the Landlord hereunder, then to the extent that such purchaser or assignee has assumed the covenants and obligations of the Landlord hereunder, the Landlord shall, without further written agreement, be freed and relieved of liability upon such covenants and obligations.

Appears in 4 contracts

Samples: Lease Agreement (Current Technology Corp), Lease (Spectrum Signal Processing Inc), Lease Agreement (Infowave Software Inc)

Assignment by Landlord. If In the event of a sale by the Landlord sells of the Building or a portion thereof containing the Leased Premises or assigns the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, then and to the extent that such purchaser or assignee has assumed the covenants and obligations of the Landlord hereunder, the Landlord shall, without further written agreement, be freed and relieved of liability upon such covenants and obligations.

Appears in 3 contracts

Samples: Lease Agreement (Quantex Capital Corp), Net Lease Agreement (Pivotal Corp), Net Lease Agreement (Smartsources Com Inc)

Assignment by Landlord. If there is a sale, lease or other disposition by the Landlord sells of the Building Complex or a portion thereof containing any part thereof, or the Leased Premises or assigns assignment by the Landlord of this Lease or any interest of the Landlord hereunder, then and to the extent that such the purchaser or assignee has assumed assumes the covenants and obligations of the Landlord hereunder, the Landlord shallwill, thereupon and without further written agreement, be freed and relieved of all further liability upon such with respect to its covenants and obligations.

Appears in 2 contracts

Samples: Industrial Lease (Very Good Food Co Inc.), Industrial Lease

Assignment by Landlord. If In the event of the sale by the Landlord sells of the Building Development, or a portion thereof containing any part thereof, or the Leased Premises or assigns assignment by the Landlord of this Lease or any interest of the Landlord hereunder, then and to the extent that such purchaser or assignee has assumed assumes the covenants and obligations of the Landlord hereunder, the Landlord shall, thereupon and without further written agreement, be freed and relieved of all liability upon with respect to such covenants and obligations.

Appears in 2 contracts

Samples: Lease Agreement (Pinnacle Oil International Inc), Lease Agreement (Pinnacle Oil International Inc)

Assignment by Landlord. If In the event of the sale or lease by the Landlord sells of the Building Development or a portion thereof containing any part thereof, or the Leased Premises or assigns assignment by the Landlord of this Lease or any interest of the Landlord hereunder, then and to the extent that such purchaser or assignee has assumed assumes the covenants and obligations of the Landlord hereunderLandlord’s Covenants, the Landlord shall, thereupon and without further written agreement, be freed and relieved of all liability upon such covenants and obligationswith respect to the Landlord’s Covenants.

Appears in 2 contracts

Samples: Lease Agreement (Oxus Acquisition Corp.), Lease Agreement (Ehave, Inc.)

Assignment by Landlord. If To the Landlord sells extent that the Building Landlord's covenants and obligations under this Lease are assumed by a purchaser or lessee of the Complex or a portion thereof containing the Leased Premises thereof, or assigns are assumed by an assignee of this Lease or any interest of the Landlord hereunder, then to the extent that such purchaser or assignee has assumed the covenants and obligations of the Landlord hereundertherein, the Landlord shall, shall without further written agreement, agreement be freed and relieved of liability upon such covenants and obligations.

Appears in 2 contracts

Samples: Lease Agreement (Zarlink Semiconductor Inc), Lease Agreement (Zarlink Semiconductor Inc)

Assignment by Landlord. If there is a sale, lease or other disposition by the Landlord sells of the Building or a portion thereof containing the Leased Premises or assigns any part thereof, or the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, then and to the extent that such the purchaser or assignee has assumed assumes the covenants and obligations of the Landlord hereunder, the Landlord shallwill, thereupon and without further written agreement, be freed and relieved of all further liability upon such with respect to its covenants and obligations.

Appears in 2 contracts

Samples: Industrial Lease, Lease Agreement (FlexEnergy Green Solutions, Inc.)

Assignment by Landlord. If In the event of the sale by the Landlord sells of the Building or a portion thereof containing the Leased Premises or assigns the assignment by the Landlord of this Lease or any interest of the Landlord landlord hereunder, then and to the extent that such purchaser or assignee has assumed the covenants and obligations of the Landlord hereunderhere under, the Landlord shall, without further written agreement, be freed and relieved of liability upon such covenants and obligations.

Appears in 1 contract

Samples: Office Lease (Veg House Holdings Inc.)

Assignment by Landlord. If ‌ In the event of the sale, lease or disposition by the Landlord sells of the Building or a portion thereof containing the Leased Premises or assigns any part thereof or the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, then hereunder and to the extent that such the purchaser or assignee has assumed thereof assumes the covenants and obligations of the Landlord hereunder, the Landlord shall, shall without further written agreement, agreement be freed and relieved of all liability upon with respect to such covenants and obligations.

Appears in 1 contract

Samples: Net Industrial Lease

Assignment by Landlord. If In the event of the sale by the Landlord sells of the Building or a portion thereof containing the Leased Premises or assigns the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, then and to the extent that such purchaser or assignee has assumed the covenants and obligations of the Landlord hereunder, the Landlord shall, without further written agreement, be freed and relieved of liability upon such covenants and obligations.

Appears in 1 contract

Samples: Municipal Facility Lease

Assignment by Landlord. If In the event of the sale by the Landlord sells of the ---------------------- Building or a portion thereof containing the Leased Premises premises or assigns the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, then and to the extent that such purchaser or assignee has assumed the covenants and obligations of the Landlord hereunder, the Landlord shall, without further written agreement, be freed and relieved of liability upon such covenants and obligations.

Appears in 1 contract

Samples: Net Lease (Seagate Software Inc)

Assignment by Landlord. 21.01 Assignment ---------- If the Landlord sells an interest in the Building or a portion thereof containing the Leased Premises or assigns in this Lease or any interest of the Landlord hereunderLease, then to the extent that such the purchaser or assignee has assumed is responsible for compliance with the covenants and obligations of the Landlord hereunder, the Landlord shall, without further written agreement, agreement will be freed and relieved of liability upon such under its covenants and obligations.

Appears in 1 contract

Samples: Lease Agreement (Morrow Snowboards Inc)

Assignment by Landlord. If In the event of the sale or lease by the Landlord sells of the Building building or a portion thereof containing any part thereof, or the Leased Premises or assigns assignment by the Landlord of this Lease or any interest of the Landlord hereunder, then and to the extent that such purchaser or assignee has assumed assumes the covenants and obligations of the Landlord hereunder, the Landlord shall, thereupon and without further written agreement, agreement be freed and relieved of all liability upon with respect to such covenants and obligations.

Appears in 1 contract

Samples: Lease Agreement (Industrial Minerals Inc)

Assignment by Landlord. If In the event of the sale or lease by the Landlord sells of the Building or a portion any part thereof containing or the Leased Premises or assigns assignment by the Landlord of this Lease or any interest of the Landlord hereunder, then and only to the extent that such purchaser or assignee has assumed assumes the covenants and obligations of the Landlord hereunder, the Landlord shall, thereupon and without further written agreement, be freed and relieved of all liability upon with respect to such covenants and obligationsobligation.

Appears in 1 contract

Samples: Lease Agreement (Trillium Therapeutics Inc.)

Assignment by Landlord. If the Landlord sells the Building building (s) or a portion thereof containing the Leased Premises leased premises, or if Landlord assigns its interest in this Lease or any interest of the Landlord hereunderLease, then and to the extent that such purchaser purchaser, tenant or an assignee has assumed the covenants thereof assumes Landlord's obligations hereunder and obligations of the Landlord hereunderis reasonably responsible therefor, the Landlord shall, without further written agreement, shall thereupon be freed and relieved of liability upon such covenants all liabilities hereunder, and obligationsthis Lease shall remain in full force and effect.

Appears in 1 contract

Samples: Lease Agreement (Century Controls Inc)

Assignment by Landlord. If the Landlord sells an interest in the Building Building, the Lands or a portion thereof containing the Leased Premises or assigns in this Lease or any interest of the Landlord hereunderLease, then to the extent that such the purchaser or assignee has assumed agrees to be responsible for compliance with the covenants and obligations of the Landlord hereunder, the Landlord shall, without further written agreement, agreement will be freed and relieved of liability upon such under those covenants and obligations.

Appears in 1 contract

Samples: Lease (Glas-Aire Industries Group LTD)

Assignment by Landlord. If In the event of the sale or lease by the Landlord sells of the Building or a portion thereof containing the Leased Premises Premises, or assigns the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, then and to the extent that such purchaser purchaser, tenant under such lease or assignee has assumed the covenants and obligations of the Landlord hereunder, then the Landlord shall, without further written agreement, be freed and relieved of liability upon from such covenants and obligations.

Appears in 1 contract

Samples: Lease Agreement (Derek Oil & Gas Corp)