Common use of ASSIGNMENT OF GUARANTY Clause in Contracts

ASSIGNMENT OF GUARANTY. Landlord may, without notice, but only in connection with an assignment of the Master Lease and/or the New London Lease, assign this Guaranty in whole or in part, and no assignment of this Guaranty or assignment or transfer of the Master Lease or the New London Lease or subletting of the Premises shall operate to extinguish or diminish the liability of Guarantor hereunder. Guarantor may not assign this Guaranty or delegate its obligation hereunder without the prior written consent of Landlord, which consent may be withheld in Landlord’s sole discretion.

Appears in 2 contracts

Samples: Lease Guaranty (Griffin-American Healthcare REIT II, Inc.), Lease Cross Guaranty (Griffin-American Healthcare REIT II, Inc.)

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ASSIGNMENT OF GUARANTY. Landlord may, without notice, but only in connection with an assignment of the Master Lease and/or the New London Lease, assign this Guaranty in whole or in part, and no assignment of this Guaranty or assignment or transfer of the Master Lease or the New London Lease or subletting of the Premises shall operate to extinguish or diminish the liability of Guarantor hereunder. Guarantor may not assign this Guaranty or delegate its obligation hereunder without the prior written consent of Landlord, which consent may be withheld in Landlord’s sole discretion.

Appears in 1 contract

Samples: Lease Guaranty (Griffin-American Healthcare REIT II, Inc.)

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ASSIGNMENT OF GUARANTY. Landlord may, without notice, but only in connection with an assignment of the Master Lease and/or the New London Lease, assign this Guaranty in whole or in part, and no assignment of this Guaranty or assignment or transfer of the Master Lease or the New London Lease or subletting of the Premises shall operate to extinguish or diminish the liability of Guarantor hereunder. Guarantor may not assign this Guaranty or delegate its obligation hereunder without the prior written consent of Landlord, which consent may be withheld in Landlord’s sole discretion.

Appears in 1 contract

Samples: Lease Guaranty (Griffin-American Healthcare REIT II, Inc.)

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