Common use of Effect of Sale, Conveyance or Assignment Clause in Contracts

Effect of Sale, Conveyance or Assignment. A sale, conveyance or assignment of the Lands and Building shall operate to release the Landlord of liability, from and after the effective date thereof, upon all of the covenants, terms and conditions of this Lease, express or implied, except as such may relate to the period prior to such effective date, and the Tenant shall thereafter look solely to the Landlord’s successor in interest in and to this Lease. This Lease shall not be affected by any such sale, conveyance or assignment, and the Tenant shall attorn to the Landlord’s successor in interest thereunder.

Appears in 4 contracts

Samples: Lease of Industrial Space (Above Food Ingredients Inc.), Lease Agreement (Dirtt Environmental Solutions LTD), Lease of Office Space (Zymeworks Inc.)

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Effect of Sale, Conveyance or Assignment. A sale, conveyance or assignment of the Lands and the Building shall will operate to release the Landlord of liability, from liability from and after the effective date thereof, thereof upon all of the covenants, terms and conditions of this Lease, express or implied, except as such may relate to the period prior to such effective date, and the Tenant shall will thereafter look solely to the Landlord’s successor successors in interest in and to this Lease. This Lease shall will not be affected by any such sale, conveyance or assignment, and the Tenant shall will attorn to the Landlord’s successor in interest thereunder.

Appears in 2 contracts

Samples: Office Space Lease (Legend Oil & Gas, Ltd.), Office Space Lease (Imageware Systems Inc)

Effect of Sale, Conveyance or Assignment. A sale, conveyance transfer or assignment of the Lands and Building or the title thereto or any interest therein shall operate to release the Landlord of liabilityfrom liability under this Lease, from and after the effective date thereof, upon all of the covenants, terms and conditions of this Lease, express or implied, thereof except as such may relate to the period prior to such effective date, and the Tenant shall thereafter look solely to the Landlord’s 's successor in interest in and to interest. The obligations of Tenant under this Lease. This Lease shall not be affected by any such sale, conveyance transfer or assignment, and the Tenant shall attorn to the Landlord’s 's successor in interest thereunderinterest.

Appears in 1 contract

Samples: Lease of Office Space (Corel Corp)

Effect of Sale, Conveyance or Assignment. A sale, conveyance transfer or assignment of the Lands and Building or the title thereto or any interest therein shall operate to release the Landlord of liabilityfrom liability under this Lease, from and after the effective date thereof, upon all of the covenants, terms and conditions of this Lease, express or implied, thereof except as such may relate to the period prior to such effective date, and the Tenant shall thereafter look solely to the Landlord’s successor in interest in and to interest. The obligations of Tenant under this Lease. This Lease shall not be affected by any such sale, conveyance transfer or assignment, and the Tenant shall attorn to the Landlord’s successor in interest thereunderinterest.

Appears in 1 contract

Samples: Lease Agreement (Ultimate Software Group Inc)

Effect of Sale, Conveyance or Assignment. A sale, conveyance or assignment of the Lands and Building shall operate to release the Landlord of liability, from liability from and after the effective date thereof, thereof upon all of the covenants, terms and conditions of this Lease, express or implied, except as such may relate to the period prior to such effective date, and the Tenant shall thereafter look solely to the Landlord’s 's successor in interest in and to this Lease. This Lease shall not be affected by any such sale, conveyance or assignment, and the Tenant shall attorn attom to the Landlord’s 's successor in interest thereunder.

Appears in 1 contract

Samples: Lease Agreement (Imi International Medical Innovations Inc)

Effect of Sale, Conveyance or Assignment. A sale, conveyance or assignment of the Lands and Building Buildings shall operate to release the Landlord of liability, from liability from and after the effective date thereof, thereof upon all of the covenants, terms and conditions of this Lease, express or implied, except as such may relate to the period prior to such effective date, and the Tenant shall thereafter look solely to the Landlord’s 's successor in interest in and to this Lease. This Lease shall not be affected by any such sale, conveyance or assignment, and the Tenant shall attorn to the Landlord’s 's successor in interest thereunder, provided such successor shall expressly assume all of the obligations of Landlord under this Lease.

Appears in 1 contract

Samples: Lease (Telxon Corp)

Effect of Sale, Conveyance or Assignment. A sale, conveyance or assignment of the Lands and a Building shall operate to release the Landlord of liability, from liability from and after the effective date thereof, thereof upon all of the covenants, terms and conditions of this Lease, express or implied, except as such may relate to the period prior to such effective date, and the Tenant shall thereafter look solely to the Landlord’s successor in interest in and to this Lease. This Lease shall not be affected by any such sale, conveyance or assignment, and the Tenant shall attorn to the Landlord’s successor in interest thereunder.

Appears in 1 contract

Samples: Lease Agreement (Eschelon Telecom Inc)

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Effect of Sale, Conveyance or Assignment. A sale, conveyance or assignment of the Lands and the Building shall will operate to release the Landlord of liability, from all liability from and after the effective date thereof, thereof upon all of the covenants, terms and conditions of this Lease, express or implied, except as such may relate to the period prior to such effective date, and the Tenant shall will thereafter look solely to the Landlord’s successor successors in interest in and to this Lease. This Lease shall will not be affected by any such sale, conveyance or assignment, and the Tenant shall will attorn to the Landlord’s successor in interest thereunder.

Appears in 1 contract

Samples: Office Space Lease (Aquinox Pharmaceuticals, Inc)

Effect of Sale, Conveyance or Assignment. A sale, conveyance or assignment of the Lands and Building Property shall operate to release the Landlord of liability, from liability from and after the effective date thereof, thereof upon all of the covenants, terms and conditions of this Lease, express or implied, except as such may relate to environmental warranties, representations and covenants and/or to the period prior to such effective date, and the Tenant shall thereafter look solely to the Landlord’s successor in interest in and to this Lease. This Lease shall not be affected by any such sale, conveyance or assignment, and the Tenant shall attorn to the Landlord’s successor in interest thereunder.

Appears in 1 contract

Samples: Lease Agreement (KBS Real Estate Investment Trust III, Inc.)

Effect of Sale, Conveyance or Assignment. A sale, conveyance or assignment of the Lands and Building shall operate to release the Landlord of liability, from liability from and after the effective date thereof, thereof upon all of the covenants, terms and conditions of this Lease, express or implied, except as such may relate to the period prior to such effective date, and the Tenant shall thereafter look solely to the Landlord’s successor in 's successor-in-interest in and to this Lease. This Lease shall not be affected by any such sale, conveyance or assignment, and the Tenant shall attorn to the Landlord’s successor in 's successor-in-interest thereunder.

Appears in 1 contract

Samples: Lease of Office Space (Clark/Bardes Holdings Inc)

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