Common use of Conveyance by Lessor Clause in Contracts

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall convey the Leased Property other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer and all such future liabilities and obligations shall thereupon be binding upon the new owner.

Appears in 6 contracts

Samples: Lease Agreement (Sunlink Health Systems Inc), Project Bond Lease Portfolio (Emeritus Corp\wa\), Master Lease and Security Agreement (Emeritus Corp\wa\)

AutoNDA by SimpleDocs

Conveyance by Lessor. If Lessor or any successor owner of the any Leased Property shall convey the conveys such Leased Property in accordance with the terms hereof other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Master Lease arising or accruing from and after the date of such conveyance or other transfer and all such future liabilities and obligations shall thereupon be binding upon the new ownerowner upon Lessor’s delivery to the new owner of any prepaid Rent then held by Lessor with respect to such Leased Property.

Appears in 4 contracts

Samples: Master Lease Agreement (Omega Healthcare Investors Inc), Master Lease Agreement (Sun Healthcare Group Inc), Master Lease Agreement (Sun Healthcare Group Inc)

Conveyance by Lessor. If Lessor or any successor owner of any of the Leased Property Properties shall convey any of the Leased Property Properties other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from and after as to the date of such conveyance or other transfer affected Leased Properties and all such future liabilities and obligations shall thereupon be binding upon the new owner.

Appears in 1 contract

Samples: Master Lease Agreement (Boddie Noell Properties Inc)

Conveyance by Lessor. If Lessor In case the original or any successor owner Lessor shall convey or otherwise dispose of its interest in the Leased Property shall convey the Leased Property other than as security for a debtProperty, Lessor or such successor owner, as the case may be, it shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from and after for the date of such time period following the conveyance or other transfer and all such future liabilities and obligations shall thereupon be binding upon the new ownerdisposal.

Appears in 1 contract

Samples: Agricultural Sub Sublease (S&W Seed Co)

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall convey the Leased Property other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer and all such future liabilities and obligations shall thereupon be binding upon the new owner, subject to the provisions of Article 20.

Appears in 1 contract

Samples: Lease Agreement (Gc Net Lease Reit, Inc.)

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall convey the Leased Property in accordance with the terms hereof other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer as to the Leased Property and all such future liabilities and obligations shall thereupon be binding upon the new owner.

Appears in 1 contract

Samples: Operating Lease (Centennial Healthcare Corp)

Conveyance by Lessor. If Lessor or any successor owner of the any Leased Property shall convey the conveys such Leased Property in accordance with the terms hereof other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Master Lease arising or accruing from and after the date of such conveyance or other transfer and all such future liabilities and obligations shall thereupon be binding upon the new ownerowner upon Lessor's delivery to the new owner of any prepaid Rent then held by Lessor with respect to such Leased Property.

Appears in 1 contract

Samples: Master Lease Agreement (Sun Healthcare Group Inc)

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall convey Properties conveys the Leased Property Properties other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer and all such future liabilities and obligations shall thereupon be binding upon the new owner.

Appears in 1 contract

Samples: Master Lease Agreement (Alterra Healthcare Corp)

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall convey Properties conveys the Leased Property Properties other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer transfer, and all such future liabilities and obligations shall thereupon be binding upon the new owner.

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

AutoNDA by SimpleDocs

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall convey the Leased Property other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer and all such future liabilities and obligations shall thereupon be binding upon the new owner, subject to the provisions of Article XXI.

Appears in 1 contract

Samples: Master Lease (Quantum Corp /De/)

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall convey the Leased Property other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer and all such future liabilities and obligations shall thereupon be binding upon the new owner, subject to the provisions of Article 21.

Appears in 1 contract

Samples: Lease (Gc Net Lease Reit, Inc.)

Conveyance by Lessor. If Lessor or any successor owner of the Leased ---------------------- Property shall convey conveys the Leased Property other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer transfer, and all such future liabilities and obligations shall thereupon be binding upon the new owner.

Appears in 1 contract

Samples: Lease (Emeritus Corp\wa\)

Conveyance by Lessor. If Lessor In case the original or any successor owner Lessor shall convey or otherwise dispose of its interest in the Leased Property shall convey the Leased Property other than as security for a debtProperty, Lessor or such successor owner, as the case may be, it shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from lease; and after the date of such conveyance or other transfer and all such future liabilities and obligations shall thereupon be binding upon solely on the new ownerthen Lessor of the Leased Property.

Appears in 1 contract

Samples: Vineyard Development and Lease Agreement (Phillips R H Inc)

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall convey the Leased Property other than as security for a debt, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of the Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer so long as the transferee shall have assumed in writing all obligations of the Lessor or successor owner hereunder arising or accruing from and all after the date of such future liabilities and obligations shall thereupon be binding upon the new ownerconveyance.

Appears in 1 contract

Samples: Lease (Balanced Care Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!