Common use of Assignment by Landowner Clause in Contracts

Assignment by Landowner. Subject to the provisions of this Section, Landowner shall have the right to assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer all or any part of its interest in this Agreement or the Property. No change in ownership of Landowner's interest in the Property shall affect Lessee's obligations under this Agreement unless and until Landowner delivers and Lessee receives certified copies of instruments recorded or other documents necessary to demonstrate the change in ownership of Landowner's interest. No other type of notice, whether actual or constructive, shall be binding on Lessee. Until Lessee receives Landowner's notice and the documents required to be delivered under this Section, Lessee may continue to make all payments under this Agreement as if the transfer of Landowner's ownership interest had not occurred. No division of Landowner's ownership as to all or any part of the Property shall enlarge Lessee's obligations or diminish Lessee's rights under this Agreement, and Lessee may disregard any such division.

Assignment by Landowner. Subject to the provisions of this Section, Landowner shall have the right to assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer all or any part of its interest in this Agreement or the Property. No change in ownership of Landowner's ’s interest in the Property shall affect Lessee's obligations under this Agreement unless and until Landowner delivers and Lessee receives certified copies of instruments recorded or other documents necessary to demonstrate the change in ownership of Landowner's ’s interest. No other type of notice, whether actual or constructive, shall be binding on Lessee. Until Lessee receives Landowner's ’s notice and the documents required to be delivered under this Section, Lessee may continue to make all payments under this Agreement as if the transfer of Landowner's ’s ownership interest had not occurred. No division of Landowner's ’s ownership as to all or any part of the Property shall enlarge Lessee's obligations or diminish Lessee's rights under this Agreement, and Lessee may disregard any such division.