ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's obligations hereunder only upon foreclosure of such holder's mortgage and the taking of possession of the Premises.
Appears in 7 contracts
Samples: Zoom Technologies Inc, Lease (Standish Care Co), Lease (Voicetek Corp)
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's ’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and thatand, except as aforesaid, such holder shall be treated as having assumed Landlord's ’s obligations hereunder only upon foreclosure of such holder's ’s mortgage and the taking of possession of the Premises.
Appears in 6 contracts
Samples: Lease (Repligen Corp), Lease (Repligen Corp), Lease (Enova International, Inc.)
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's ’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's ’s obligations hereunder only upon foreclosure of such holder's ’s mortgage and the taking of possession of the Premises.
Appears in 5 contracts
Samples: Lease (Cerevel Therapeutics Holdings, Inc.), Assignment and Assumption (Rhythm Holding Company, LLC), Lease (First Marblehead Corp)
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and thatand, except as aforesaid, such holder shall be treated as having assumed Landlord's obligations hereunder only upon foreclosure of such holder's mortgage and the taking of possession of the Premises.
Appears in 5 contracts
Samples: Lease (Compbenefits Corp), Expansion Agreement (Sonus Networks Inc), Lease (PSW Technologies Inc)
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder Holder of a mortgage Mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder Holder of such mortgage, Mortgage shall never be treated as an assumption by such holder Holder of any of the obligations of Landlord hereunder unless such holder Holder shall, by notice sent to Tenant, specifically otherwise elect and thatand, except as aforesaid, such holder Holder shall be treated as having assumed Landlord's obligations hereunder only upon foreclosure of such holderHolder's mortgage Mortgage and the taking of possession of the Premises.
Appears in 3 contracts
Samples: Brooks Automation Inc, Pri Automation Inc, Brooks Automation Inc
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's obligations hereunder only upon foreclosure of such holder's mortgage and the taking of possession of the Premises.
Appears in 3 contracts
Samples: First Marblehead Corp, Lease (Towne Services Inc), Beacon Education Management Inc
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder Holder of a mortgage Mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder Holder of such mortgage, Mortgage shall never be treated as an assumption by such holder Holder of any of the obligations of Landlord hereunder unless such holder Holder shall, by notice sent to Tenant, specifically otherwise elect and thatand, except as aforesaid, such holder Holder shall be treated as having assumed Landlord's obligations hereunder only upon foreclosure of such holderHolder's mortgage Mortgage and the taking of possession of the Premises.
Appears in 3 contracts
Samples: Lease (Beacon Power Corp), Lease (Silverstream Software Inc), Silverstream Software Inc
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any ----------------------------------------- assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's obligations hereunder only upon foreclosure of such holder's mortgage and the taking of possession of the Premises.
Appears in 2 contracts
Samples: Indemnity and Public Liability (Peritus Software Services Inc), Indemnity and Public Liability (Lycos Inc)
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's ’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's ’s obligations hereunder only upon foreclosure of such holder's ’s mortgage and the taking of possession of the Premises.
Appears in 2 contracts
Samples: And Attornment Agreement (Bladelogic Inc), Sublease (Salary. Com, Inc.)
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's obligations hereunder only upon foreclosure of such holder's mortgage and the taking of possession of the PremisesPremises which are to be performed or observed from and after the date of such transfer.
Appears in 1 contract
Samples: Agreement (Genomic Solutions Inc)
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's obligations hereunder only upon foreclosure of such holder's mortgage and the taking of possession of the Premises.upon
Appears in 1 contract
Samples: Cyrk Inc
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder bolder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's obligations hereunder only upon foreclosure of such holderbolder's mortgage and the taking of possession of the Premises.
Appears in 1 contract
Samples: Lease (Cytation Com Inc)
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's ’s interest in this Leaselease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premisespremises, Tenant agrees that the execution thereof by Landlord, Landlord and the acceptance thereof by the holder of such mortgage, mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's ’s obligations hereunder only upon foreclosure of such holder's ’s mortgage and the taking or acceptance of possession a deed in lieu of the Premisesforeclosure.
Appears in 1 contract
Samples: Boston Life Sciences Inc /De
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's ’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder Holder of a mortgage Mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder Holder of such mortgage, Mortgage shall never be treated as an assumption by such holder Holder of any of the obligations of Landlord hereunder unless such holder Holder shall, by notice sent to Tenant, specifically otherwise elect and thatand, except as aforesaid, such holder Holder shall be treated as having assumed Landlord's ’s obligations hereunder only upon foreclosure of such holder's mortgage Holder’s Mortgage and the taking of possession of the Premises.
Appears in 1 contract
Samples: Lease Modification and Extension Agreement (Tpi Composites, Inc)
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's ’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's ’s obligations hereunder only upon foreclosure of such holder's ’s mortgage and or the taking of possession of the Premises.
Appears in 1 contract
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's ’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by LandlordXxxxxxxx, and the acceptance thereof by the holder of such mortgage, mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's ’s obligations hereunder only upon foreclosure of such holder's ’s mortgage and the taking of possession of the Premises.
Appears in 1 contract
Samples: Assignment and Assumption
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant Xxxxxx agrees that the execution thereof by LandlordXxxxxxxx, and the acceptance thereof by the holder of such mortgage, mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect elect, and that, except as aforesaid, such holder shall be treated as having assumed LandlordXxxxxxxx's obligations hereunder only upon foreclosure of such holder's mortgage and the taking of possession of the Premises.
Appears in 1 contract
ASSIGNMENT OF RENTS AND TRANSFER OF TITLE. (a) With reference to any ------------------------------------------ assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and that, except as aforesaid, such holder shall be treated as having assumed Landlord's obligations hereunder only upon foreclosure of such holder's mortgage and the taking of possession of the Premises.
Appears in 1 contract
