Common use of EFFECT OF CONVEYANCE Clause in Contracts

EFFECT OF CONVEYANCE. As used in this Lease, the term “Landlord” means the owner of the Project, or the holder of a leasehold interest in the Project pursuant to a superior lease. In the event of any assignment or transfer of the Project by Landlord, Landlord shall be and hereby is entirely relieved of all covenants and obligations of Landlord accruing after the date of such transfer, and it shall be deemed and construed that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Landlord hereunder.

EFFECT OF CONVEYANCE. As used in this Lease, the term “Landlord” means the owner of the Project, or the holder of a leasehold interest in the Project pursuant to a superior leaseowner. In the event of any assignment or transfer of the Project Premises by Landlord, Landlord shall be and hereby is entirely relieved of all covenants and obligations of Landlord accruing after the date of such transfer, and it shall be deemed and construed that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Landlord hereunder.

EFFECT OF CONVEYANCE. As used in this Lease, the term “Landlord” means means, from time to time, the then current owner of the Project, Building or the holder of a leasehold interest in the Project pursuant to a superior leaseProject. In the event of any assignment or transfer sale of the Project by LandlordBuilding or the Project, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord accruing hereunder that become due after the date of such transfersale, and it shall be deemed and construed construed, without further agreement between the parties and the purchaser at any such sale, that any transferee the purchaser of the Building or the Project has assumed and shall agreed to carry out any and all covenants and obligations thereafter to be performed by of Landlord hereunder.

EFFECT OF CONVEYANCE. As used in this Lease, the term “Landlord” means the owner of the ProjectBuilding, or the holder of a leasehold interest in the Project Building pursuant to a superior lease. In the event of any assignment or transfer of the Project Premises by Landlord, Landlord shall be and hereby is entirely relieved of all covenants and obligations of Landlord accruing after the date of such transfer, and it shall be deemed and construed that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Landlord hereunder.

EFFECT OF CONVEYANCE. As used in this Lease, the term “"Landlord” " -------------------- means the owner of the ProjectBuilding, or the holder of a leasehold interest in the Project Building pursuant to a superior lease. In the event of any assignment or transfer of the Project Premises by Landlord, Landlord shall be and hereby is entirely relieved of all covenants and obligations of Landlord accruing after the date of such transfer, and it shall be deemed and construed that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Landlord hereunder.