Common use of Effect of Conveyance Clause in Contracts

Effect of Conveyance. As used in this Sublease, the term “Sublandlord” means the holder of the tenant’s interest under the Master Lease. In the event of any assignment, transfer or termination of the tenant’s interest under the Master Lease, which assignment, transfer or termination may occur at any time during the Term hereof in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of covenants and obligations of Sublandlord hereunder, and it shall be deemed and construed, without further agreement between the parties, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any security of Subtenant to the transferee of the tenant’s interest under the Master Lease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto.

Effect of Conveyance. As used in this Sublease, the term “SublandlordSublessor” means the holder of the tenant’s interest under the Master Lease. In the event of any assignment, transfer or termination of the tenant’s interest under the Master Lease, which assignment, transfer or termination may occur at any time during the Term hereof in SublandlordSublessor’s sole discretion, Sublandlord Sublessor shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord Sublessor hereunder, and it shall be deemed and construed, without further agreement between the parties, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord Sublessor hereunder. Sublandlord Sublessor may transfer and deliver any security of Subtenant Sublessee to the transferee of the tenant’s interest under the Master Lease, and thereupon Sublandlord Sublessor shall be discharged from any further liability with respect thereto.

Effect of Conveyance. As used in this Sublease, the term “Sublandlord” means the holder of the tenantTenant’s interest under the Master Lease. In the event of any assignment, assignment or transfer or termination of the tenantTenant’s interest under the Master Lease, which assignment, assignment or transfer or termination may occur at any time during the Term hereof in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder, and it shall be deemed and construed, without further agreement between the partiesparties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may shall transfer and deliver any security of Subtenant to the transferee of the tenantTenant’s interest under the Master Lease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto.

Effect of Conveyance. As used in this Sublease, the term “SublandlordSublessor” means the holder of the tenant’s interest under the Master Lease. In the event of any assignment, transfer or termination of the tenant’s interest under the Master Lease, which assignment, transfer or termination may occur at any time during the Term hereof in SublandlordSublessor’s sole discretion, Sublandlord Sublessor shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord Sublessor hereunder, and it shall be deemed and construed, without further agreement between the parties, provided that any transferee has assumed in writing and shall carry out all covenants and obligations thereafter to be performed by Sublandlord Sublessor hereunder. Sublandlord Sublessor may transfer and deliver any security of Subtenant Sublessee to the transferee of the tenant’s interest under the Master Lease, and thereupon Sublandlord Sublessor shall be discharged from any further liability with respect thereto.

Effect of Conveyance. As used in this Sublease, the term “SublandlordSublessor” means the holder of the tenant’s interest under the Master Lease. In the event of any assignment, assignment or transfer or termination of the tenant’s interest under the Master Lease, which assignment, assignment or transfer or termination may occur at any time during the Term hereof in SublandlordSublessor’s sole discretiondiscretion (but subject to the terms of the Master Lease), Sublandlord Sublessor shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord Sublessor hereunder, and it shall be deemed and construed, without further agreement between the parties, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunderSublessor hereunder incurred from and after the date of such transfer and assumption. Sublandlord may Sublessor shall transfer and deliver any security of Subtenant Sublessee to the transferee of the tenant’s interest under the Master Lease, and thereupon Sublandlord Sublessor shall be discharged from any further liability with respect thereto.

Effect of Conveyance. As used in this Sublease, the term “SublandlordSublessor” means the holder of the tenant’s interest under the Master Lease. In the event of any assignment, transfer or termination of the tenant’s interest under the Master Lease, which assignment, transfer or termination may occur at any time during the Term hereof in SublandlordSublessor’s sole discretiondiscretion (but in accordance with the terms of the Master Lease), Sublandlord Sublessor shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunderSublessor hereunder from and after the date of such assignment, transfer or termination, and it shall be deemed and construed, without further agreement between the parties, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord Sublessor hereunder. Sublandlord may Sublessor shall transfer and deliver any security of Subtenant Sublessee to the transferee of the tenant’s interest under the Master Lease, and thereupon Sublandlord Sublessor shall be discharged from any further liability with respect thereto.

Effect of Conveyance. As used in this Sublease, the term “Sublandlord” means the holder of the tenantTenant’s interest under the Master Lease. In the event of any assignment, assignment or transfer or termination of the tenantTenant’s interest under the Master Lease, which assignment, assignment or transfer or termination may occur at any time during the Term hereof in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder, and it shall be deemed and construed, without further agreement between the partiesParties, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may shall transfer and deliver any security deposit of Subtenant to the transferee of the tenantTenant’s interest under the Master Lease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto.

Effect of Conveyance. As used in this Sublease, the term “SublandlordSublessor” means the holder of the tenant’s interest under the Master Lease. In the event of any assignment, transfer or termination of the tenant’s interest under the Master Lease, which assignment, transfer or termination may occur at any time during the Term hereof in SublandlordSublessor’s sole discretion, Sublandlord Sublessor shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunderSublessor hereunder accruing thereafter, and it shall be deemed and construed, without further agreement between the parties, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord Sublessor hereunder. Sublandlord may Sublessor shall transfer and deliver any security of Subtenant Sublessee to the transferee of the tenant’s interest under the Master Lease, and thereupon Sublandlord Sublessor shall be discharged from any further liability with respect thereto.