Common use of Assignment by the Landlord Clause in Contracts

Assignment by the Landlord. The Landlord, at any time and from time to time, may sell, transfer, lease, assign or otherwise dispose of the whole or any part of its interest in the Complex, and at any time and from time to time may enter into any Mortgage of the whole or any part of its interest in the Complex. If the party acquiring such interest shall have agreed, so long as it holds such interest, to assume and to perform each of the covenants, obligations and agreements of the Landlord under this Lease in the same manner and to the same extent as if originally named as the Landlord in this Lease, the Landlord shall thereupon be released from all of its covenants and obligations under this Lease.

Assignment by the Landlord. The Landlord, at any time and from time to time, may sell, transfer, lease, lease assign or otherwise dispose of the whole or any part of its interest in the ComplexLeased Premises, and at any time and from time to time may enter into any Mortgage of the whole or any part of its interest in the ComplexLeased Premises. If the party acquiring such interest shall have agreed, so long as it holds such interest, to assume and to perform each of the covenants, obligations and agreements of the Landlord under this Lease in the same manner and to the same extent as if originally named as the Landlord in this Lease, the Landlord shall thereupon be released from all of its covenants and obligations under this Lease.