Common use of Deed of Novation Clause in Contracts

Deed of Novation. 9.2.1. The Landlord agrees that, in the event of a Mid-Lease Sale, the Landlord will ensure that any Third Party Purchaser executes a deed of novation of this Property Care Contract: a. substantially in the form provided by the Property Care Provider; and b. prior to the date on which the transfer of the Lease to the Third Party Purchaser takes place. 9.2.2. The: a. Landlord and the Property Care Provider will bear their own costs; and b. Landlord will bear, or will ensure that the Third Party Purchaser bears, the costs of the Third Party Purchaser, of complying with this clause 9 (Mid-Lease Sale).