Effect of Conveyance. The term “Landlord” as used in this Lease, means only the owner for the time being of the Property containing the Building, so that, in the event of any sale of the Property or the Building, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing from and after the transfer, and it shall be deemed and construed, without further agreement between the parties and the purchaser at any such sale, that the purchaser of the Property or the Building has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder.
Appears in 4 contracts
Samples: Lease Agreement (Aerohive Networks, Inc), Lease Agreement (Aerohive Networks, Inc), Lease Agreement (Silicon Graphics Inc)
Effect of Conveyance. The term “Landlord” as used in this LeaseLease means, means only from time to time, the then current owner for the time being of the Property Building or the Project containing the BuildingPremises, so that, in the event of any sale of the Property Building or the BuildingProject, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing from and after the transferhereunder, and it shall be deemed and construed, without further agreement between the parties and the purchaser at any such sale, that the purchaser of the Property Building or the Building Project has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder.
Appears in 3 contracts
Samples: Warehouse/Industrial Lease Agreement, Office Lease Agreement (Arrowhead Research Corp), Lease Agreement (Financial Engines, Inc.)
Effect of Conveyance. The term “"Landlord” " as used in this Lease, means only the owner for the time being of the Property containing the Building, so that, in the event of any sale of the Property or the Building, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing from and after the transfer, and it shall be deemed and construed, without further agreement between the parties and the purchaser at any such sale, that the purchaser of the Property or the Building has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder.
Appears in 2 contracts
Samples: Sub Lease Agreement (Globalcenter Inc), Sublease Agreement (Oak Technology Inc)
Effect of Conveyance. The term “"Landlord” " as used in this Lease, means only the owner for the time being of the Property containing the BuildingPremises, so that, in the event of any sale of the Property or the BuildingPremises, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing from and after the transfer, and it shall be deemed and construed, without further agreement between the parties and the purchaser at any such sale, that the purchaser of the Property or the Building Premises has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder.
Appears in 1 contract
Samples: Sublease Agreement (Scios Inc)
Effect of Conveyance. The term “"Landlord” " as used in this Lease, means only the owner for the time being of the Property containing the Building, so that, in the event of any sale of the Property or the Building, . Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing from and after the transfer, and it shall be deemed and construed, without further agreement between the parties and the purchaser at any such sale, that the purchaser of the Property or the Building has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder.
Appears in 1 contract
