Common use of Conveyance by Lessor Clause in Contracts

Conveyance by Lessor. In the event Lessor or any successor Lessor shall convey or otherwise dispose of the Premises, it shall thereupon be released from all liabilities and obligations imposed upon the Lessor under this Lease (except those accruing prior to such conveyance or other disposition) and such liabilities and obligations shall be binding solely upon the then owner of the Premises.

Conveyance by Lessor. In the event If Lessor or any successor Lessor owner of the Premises shall convey all or otherwise dispose any portion of the PremisesPremises in accordance with the terms hereof, it Lessor or such successor owner shall thereupon be released from all future liabilities and obligations imposed upon the of Lessor under this Lease (except those arising or accruing prior to from and after the date of such conveyance or other disposition) transfer as to all or such portion of the Premises and all such future liabilities and obligations shall thereupon be binding solely upon the then owner of the Premisesnew owner.