Conditions to Effectiveness of Any Transfer. Any proposed Transfer shall be void and shall confer no right upon the proposed transferee unless and until (i) the Approval of Landlord is obtained if such approval is required pursuant to the terms of Article XXI, (b) the transferee shall have assumed in writing each and every one of the terms, covenants and provisions of Tenant contained in this Lease with respect to the period from and after the Transfer, by an instrument delivered to Landlord, and (c) any then existing default under this Lease is fully cured (it being expressly acknowledged that Landlord may condition its Approval of any Transfer on the cure of any and all such defaults existing at the time of such proposed Transfer).
Conditions to Effectiveness of Any Transfer. Any proposed Transfer to which Landlord’s Approval is required by this Article XXI shall be void and shall confer no right upon the proposed transferee with respect to this Lease unless and until (a) such Approval of Landlord is obtained, (b) the transferee of Tenant shall have assumed in writing each and every one of the terms, covenants and provisions of Tenant contained in this Lease with respect to the period from and after the Transfer, by an instrument delivered to Landlord, and (c) any then existing Tenant Default under this Lease is fully cured (it being expressly acknowledged that Landlord may condition its Approval of any Transfer on the cure of any and all such defaults existing at the time of such proposed Transfer). Any such Transfer in which Landlord has given its Approval shall not constitute a release of any liability, existing or future, under this Lease unless such Approval specifically includes an express written release by Landlord, which release Landlord has no obligation to provide.
Conditions to Effectiveness of Any Transfer. Any proposed Transfer to which City’s Approval is required by this Article XXI shall be void and shall confer no right upon the proposed transferee with respect to this Agreement unless and until (a) such Approval of City is obtained, (b) the transferee of Owner shall have assumed in writing each and every one of the terms, covenants and provisions of Owner contained in this Agreement with respect to the period from and after the Transfer, by an instrument delivered to City, and (c) any then-existing default by Owner under this Agreement is fully cured (it being expressly acknowledged that City may condition its Approval of any Transfer on the cure of any and all such defaults existing at the time of such proposed Transfer). Any such Transfer in which City has given its Approval shall not constitute a release of any liability, existing or future, under this Agreement unless such Approval specifically includes an express written release by City, which release City has no obligation to provide. Subject to the provisions of this Article XXI, this Agreement shall be binding on and inure to the benefit of the Parties hereto and their respective heirs, personal representatives, successors and assigns in interest hereunder.
