Common use of Assumption of Obligations Clause in Contracts

Assumption of Obligations. Any buyer or transferee of Xxxxxx's interest in this Lease shall be deemed to have assumed Xxxxxx's obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Broker when due, Xxxxxx's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 5 contracts

Samples: Standard Multi Tenant Office Lease (America Great Health), Standard Multi Tenant Office Lease (America Great Health), Office Lease

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Assumption of Obligations. Any buyer or transferee of XxxxxxLessor's interest in this Lease shall be deemed to have assumed XxxxxxLessor's obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to XxxxxxLessee's Broker when due, XxxxxxLessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after aGer said notice, Lessee shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, XxxxxxLessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and XxxxxxLessor's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 4 contracts

Samples: Lease Agreement, Standard Industrial/Commercial Multi Tenant Lease Net, Standard Industrial/Commercial Multi Tenant Lease Gross

Assumption of Obligations. Any buyer or transferee of XxxxxxLessor's interest in this Lease shall be deemed to have assumed XxxxxxLessor's obligation hereunder. Brokers shall be third party beneficiaries beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to XxxxxxLessee's Broker when due, XxxxxxLessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after aGer said notice, Lessee shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, XxxxxxLessee's Broker shall be deemed to be a third party beneficiary beneficiary of any commission agreement entered into by and/or between Lessor and XxxxxxLessor's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 3 contracts

Samples: Standard Industrial/Commercial Multi Tenant Lease Net, Lease Agreement, Standard Multi Tenant Office Lease Net

Assumption of Obligations. Any buyer or transferee of XxxxxxLxxxxx's interest in this Lease shall be deemed to have assumed XxxxxxLxxxxx's obligation hereunder. Brokers shall be third party beneficiaries beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to XxxxxxLxxxxx's Broker when due, XxxxxxLxxxxx's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee Lxxxxx shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, XxxxxxLxxxxx's Broker shall be deemed to be a third party beneficiary beneficiary of any commission agreement entered into by and/or between Lessor and XxxxxxLxxxxx's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 2 contracts

Samples: Lease Agreement (Ceribell, Inc.), Lease Agreement (Ceribell, Inc.)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 151.9,15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Glass House Brands Inc.), Lease Agreement (Fox Factory Holding Corp)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lxxxxx’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lxxxxx’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lxxxxx’s Broker when due, Xxxxxx's Lxxxxx’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lxxxxx’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 2 contracts

Samples: Lease Agreement (Brownie's Marine Group, Inc), Lease Agreement (Brownie's Marine Group, Inc)

Assumption of Obligations. Any buyer or transferee of XxxxxxLessor's interest in this Lease shall be deemed to have assumed XxxxxxLessor's obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to XxxxxxLessee's Broker when due, XxxxxxLessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, XxxxxxLessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and XxxxxxLessor's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Multi Tenant Lease Net (International Stem Cell CORP), Standard Industrial/Commercial Multi Tenant Lease Gross

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 22, and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within with 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third third-party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 2 contracts

Samples: Standard Multi Tenant Office Lease, Office Lease

Assumption of Obligations. Any buyer or transferee of XxxxxxLessor's interest in this Lease shall be deemed to have assumed XxxxxxLessor's obligation hereunder. : Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if If Lessor fails to pay any amounts to XxxxxxLessee's Broker when due, XxxxxxLessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Its Broker and offset such amounts against Rent. In addition, XxxxxxLessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lassoes Broker for the limited purpose of collecting any brokerage fee tee owed.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Multi Tenant Lease, Standard Industrial Commercial Multi Tenant Lease Net (American Consolidated Management Group Inc)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessors interest in this Lease shall be deemed to have assumed Xxxxxx's Lessors obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease (Adventrx Pharmaceuticals Inc)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then than such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Lease Agreement (Nexsan Corp)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Lease Agreement (Wilshire Bancorp Inc)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's ’s interest in this Lease shall be deemed to have assumed Xxxxxx's ’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Xxxxxx's ’s Broker when due, Xxxxxx's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease Gross (Signing Day Sports, Inc.)

Assumption of Obligations. Any buyer or transferee of XxxxxxLessor's interest in this Lease shall be deemed to have assumed XxxxxxLessor's obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.101.13, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to XxxxxxLessee's Broker when due, XxxxxxLessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after aGer said notice, Lessee shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, XxxxxxLessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and XxxxxxLessor's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Multi Tenant Shopping Center Lease Net

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions previsions of Paragraphs paragraph 1.10, 15, 22 and 31. If Lessor fails to pay to the Brokers any amounts due as and for per brokerage fees pertaining to this Lease lease when due, then such amounts shall accrue Interestassure interest. In addition, if Lessor Lesser fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessor’s Broker may send written notice to Lessor and Lessee lessee of such failure and if Lessor lessor fails to pay such amounts within 10 days after said notice, . Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor Lesser and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease Gross (Ventyx Biosciences, Inc.)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions provision of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this the Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts amount within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Virco MFG Corporation)

Assumption of Obligations. Any buyer or transferee of XxxxxxLessor's interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Lease Agreement (Alldigital Holdings, Inc.)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts amount within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Industrial Commercial Single Tenant Lease (Accuride Corp)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's interest in this Lease shall be deemed to have assumed Xxxxxx's ’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Broker when due, Xxxxxx's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Lease Agreement (Oculus Innovative Sciences, Inc.)

Assumption of Obligations. Any buyer or transferee of XxxxxxLandlord's interest in this Lease shall be deemed to have assumed XxxxxxLandlord's obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor Landlord fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor Landlord fails to pay any amounts to XxxxxxTenant's Broker when due, XxxxxxTenant's Broker may send written notice to Lessor Landlord and Lessee Tenant of such failure and if Lessor Landlord fails to pay such amounts within 10 days after said notice, Lessee . Tenant shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxxaddition Tenant's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor Landlord and XxxxxxLandlord's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease Net (Fortunet, Inc.)

Assumption of Obligations. Any buyer or transferee of XxxxxxLessor's interest in this Lease shall be deemed to have assumed XxxxxxLessor's obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to XxxxxxLessee's Broker when due, XxxxxxLessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, XxxxxxLessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and XxxxxxLessor's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease (Alldigital Holdings, Inc.)

Assumption of Obligations. Any buyer or transferee of XxxxxxLessor's interest in this Lease shall be deemed to have assumed XxxxxxLessor's obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to XxxxxxLessee's Broker when due, XxxxxxLessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after aGer said notice, Lessee shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, XxxxxxLessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and XxxxxxLessor's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Gross

Assumption of Obligations. Any buyer or transferee of XxxxxxLandlord's interest in this Lease shall be deemed to have assumed XxxxxxLandlord's obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor Landlord fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor Landlord fails to pay any amounts to XxxxxxTenant's Broker when due, XxxxxxTenant's Broker may send written notice to Lessor Landlord and Lessee Tenant of such failure and if Lessor Landlord fails to pay such amounts within 10 days after said notice, Lessee Tenant shall pay said monies to its Broker and offset such amounts against Rent. In addition, XxxxxxTenant's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor Landlord and XxxxxxLandlord's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Industrial/Commercial Lease Net (Fortunet, Inc.)

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Assumption of Obligations. Any buyer or transferee transference of Xxxxxx's Lessor’s interest in this Lease shall be deemed doomed to have assumed Xxxxxx's obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor Lesser fails to pay to Brokers brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor If Lesser fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor Lesser and Lessee of such failure and if Lessor Lesser fails to pay such amounts within 10 days after said notice, . Lessee shall pay said monies to its Its Broker and offset effect such amounts against Rent. , In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered commission into by and/or between Lessor Lesser and Xxxxxx's Broker for Lessor’s Broker-for- the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease Gross (Ventyx Biosciences, Inc.)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessors interest in this Lease shall be deemed to have assumed Xxxxxx's Lessons obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 1.9 15, 22 and 31. If , if Lessor fails to pay to Brokers any amounts due due, as and for brokerage fees tees pertaining to this Lease when due, then such amounts shall accrue Interest. In in addition, if Lessor fails to pay any amounts to XxxxxxLessee's Broker when due, Xxxxxx's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Xxxxxx and Lessor and Xxxxxx's ‘s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Lease Agreement (Reeds Inc)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor Lesser fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor Lesser fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Osmetech PLC)

Assumption of Obligations. Any buyer or transferee of XxxxxxLessor's interest in this Lease shall be deemed to have assumed XxxxxxLessor's obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to XxxxxxLessee's Broker when due, XxxxxxLessee's Broker may send written notice to Lessor and Lessee of such failure and if If Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, XxxxxxLessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and XxxxxxLessor's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease (Freehand Information Systems, Inc.)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's interest Lessor’s Interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries benefices of the provisions of Paragraphs 1.101 10, 15, . 22 and 31. If Lessor fails falls to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails falls to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails falls to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into Into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease (VIASPACE Inc.)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessors interest in this Lease shall be deemed to have assumed Xxxxxx's Lessors obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 151.9,15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In , in addition, if It Lessor fails falls to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessors Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (BridgeBio Pharma, Inc.)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. interest, In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Lease Agreement (Quality Systems Inc)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees few pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails falls to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's . Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails falls to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Lease Agreement (Nextest Systems Corp)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessors interest in this Lease shall be deemed to have assumed Xxxxxx's Lessors obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessees Broker when due, Xxxxxx's Lessees Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessees Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessors Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease (Icon Vapor, Inc.)

Assumption of Obligations. Any buyer or transferee of XxxxxxLessor's interest in this Lease shall be deemed to have assumed XxxxxxLessor's obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if If Lessor fails to pay any amounts to XxxxxxLessee's Broker when due, XxxxxxLessee's Broker may send written notice to Lessor and Lessee of such failure and if If Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In in addition, XxxxxxLessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into Into by and/or between Lessor and XxxxxxLessor's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease (uWink, Inc.)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Chromavision Medical Systems Inc)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.101.13, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Net Lease (Dave Inc./De)

Assumption of Obligations. Any buyer or transferee of XxxxxxLessor's interest in this Lease shall be deemed to have assumed Xxxxxx's Lessors obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to XxxxxxLessee's Broker when due, XxxxxxLessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, XxxxxxLessee's Broker shall be deemed to be a third party panty beneficiary of any commission agreement entered into by and/or between Lessor and XxxxxxLessor's Broker for the limited purpose of collecting any brokerage fee owed.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease Gross (Reconstruction Data Group Inc)

Assumption of Obligations. Any buyer or transferee of Xxxxxx's Lessor’s interest in this Lease shall be deemed to have assumed Xxxxxx's Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to Brokers any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Xxxxxx's Lessee’s Broker when due, Xxxxxx's Lessee’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Xxxxxx's Lessee’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Xxxxxx's Lessor’s Broker for the limited purpose of collecting any brokerage fee owed.. /s/ MH /s/ TW

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Collegiate Pacific Inc)

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