Common use of Landlord Covenants Clause in Contracts

Landlord Covenants. (A) The Landlord shall give the Tenant notice of its intention to assign or sell the Reversion and shall not assign or sell the Reversion without first complying with the provisions of Schedule 7, provided that this paragraph 5.4(A) does not apply: (i) if the Tenant is not either RB Pharmaceuticals Limited or another member of the lndivior Group; or (ii) to any transfer or assignment of the Reversion by the Landlord to members of the same group. (B) The Landlord consents to the Tenant applying for the entry of a restriction in the following form against each of the Landlord's registered titles to the Reversion: "No transfer of the registered estate by the proprietor of the registered estate is to be registered without a certificate signed by a conveyancer that the provisions of Schedule 5 paragraph 5.4(A) of an agreement dated 1 December 2014 and made between Reckitt Benckiser Healthcare (UK) Limited (1) and RB Pharmaceuticals Limited (2) have been complied with or that they do not apply to the disposition" and the Tenant consents to the Landlord applying to remove this restriction when the Tenant ceases to be RB Pharmaceuticals Limited or another member of the lndivior Group.

Landlord Covenants. (A) The Landlord shall give the Tenant notice of its intention to assign or sell the Reversion and shall not assign or sell the Reversion without first complying with the provisions of Schedule 7, provided that this paragraph 5.4(A) does not apply: (i) if the Tenant is not either RB Pharmaceuticals Limited or another member of the lndivior Indivior Group; or (ii) to any transfer or assignment of the Reversion by the Landlord to members of the same group. (B) The Landlord consents to the Tenant applying for the entry of a restriction in the following form against each of the Landlord's ’s registered titles to the Reversion: "“No transfer of the registered estate by the proprietor of the registered estate is to be registered without a certificate signed by a conveyancer that the provisions of Schedule 5 paragraph 5.4(A) of an agreement dated 1 December 2014 and made between Reckitt Benckiser Healthcare (UK) Limited (1) and RB Pharmaceuticals Limited (2) have been complied with or that they do not apply to the disposition" .” and the Tenant consents to the Landlord applying to remove this restriction when the Tenant ceases to be RB Pharmaceuticals Limited or another member of the lndivior Indivior Group.