Common use of Landlord Right to Transfer Clause in Contracts

Landlord Right to Transfer. The L-C shall provide that Landlord, its successors and assigns, may, at any time and without notice to Tenant and without first obtaining Tenant's consent thereto, transfer (one or more times) all or any portion of its interest in and to the L-C to another party, person or entity, in connection with any assignment by Landlord of its rights and interests in and to this Lease or to Landlord's lender. In the event of a transfer of Landlord's interest in the Building, Landlord shall transfer the L-C, in whole or in part, to the transferee and thereupon Landlord shall, without any further agreement between the parties, be released by Tenant from all liability arising thereunder after the date of the transfer, and it is agreed that the provisions hereof shall apply to every transfer or assignment of the whole or any portion of said L-C to a new landlord. In connection with any such transfer of the L-C by Landlord, Tenant shall, at Tenant's sole cost and expense, execute and submit to the Bank such applications, documents and instruments as may be necessary to effectuate such transfer, and Tenant shall be responsible for paying the Bank's transfer and processing fees in connection therewith.

Landlord Right to Transfer. The L-C shall provide that Landlord, its successors and assigns, may, at any time and without notice to Tenant and without first obtaining Tenant's ’s consent thereto, transfer (one or more times) all or any portion of its interest in and to the L-C to another party, person or entity, in connection with any regardless of whether or not such transfer is separate from or as a part of the assignment by Landlord of its rights and interests in and to this Lease or to Landlord's lenderLease. In the event of a transfer of Landlord's ’s interest in the Building, Landlord shall transfer the L-C, in whole or in part, to the transferee and thereupon Landlord shall, without any further agreement between the parties, be released by Tenant from all liability arising thereunder after the date of the transfertherefor, and it is agreed that the provisions hereof shall apply to every transfer or assignment of the whole or any portion of said L-C to a new landlord. In connection with any such transfer of the L-C by Landlord, Tenant shall, at Tenant's ’s sole cost and expense, execute and submit to the Bank such applications, documents and instruments as may be necessary to effectuate such transfer, and Tenant shall be responsible for paying the Bank's ’s transfer and processing fees in connection therewith.. [535 Mission Street]

Landlord Right to Transfer. The L-C shall provide that Landlord, its successors and assigns, may, at any time and without after notice to Tenant and but without first obtaining Tenant's consent thereto, transfer (one or more times) all or any portion of its interest in and to the L-C to another party, person or entity, in connection with any regardless of whether or not such transfer is separate from or as a part of the assignment by Landlord of its rights and interests in and to this Lease or to Landlord's lenderLease. In the event of a transfer of Landlord's interest in the Building, Landlord shall transfer the L-C, in whole or in part, to the transferee and thereupon Landlord shall, without any further agreement between the parties, be released by Tenant from all liability arising thereunder after the date of the transfertherefor, and it is agreed that the provisions hereof shall apply to every transfer or assignment of the whole or any portion of said L-C to a new landlord. In connection with any such transfer of the L-C by Landlord, Tenant shall, at Tenant's sole cost and expense, execute and submit to the Bank such applications, documents and instruments as may be necessary to effectuate such transfer, and Tenant shall be responsible for paying the Bank's transfer and processing fees in connection therewith.

Landlord Right to Transfer. The L-C shall provide that Landlord, its successors and assigns, may, at any time and without notice to Tenant and without first obtaining Tenant's ’s consent thereto, transfer (one or more times) all or any portion of its interest in and to the L-C to another party, person or entity, in connection with any regardless of whether or not such transfer is separate from or as a part of the assignment by Landlord of its rights and interests in and to this Lease or to Landlord's lenderLease. In the event of a transfer of Landlord's ’s interest in the Building, Landlord shall transfer the L-C, in whole or in part, to the transferee and thereupon Landlord shall, without any further agreement between the parties, be released by Tenant from all liability arising thereunder after the date of the transfertherefor, and it is agreed that the provisions hereof shall apply to every transfer or assignment of the whole or any portion of said L-C to a new landlord. In connection with any such transfer of the L-C by Landlord, Tenant shall, at Tenant's ’s sole cost and expense, execute and submit to the Bank such applications, documents and instruments as may be necessary to effectuate such transfer, and Tenant shall be responsible for paying the Bank's ’s transfer and processing fees in connection therewith.. -35- HCP, INC. [4930 Director’s Place] [Sorrento Therapeutics, Inc.]

Landlord Right to Transfer. The L-C Letter of Credit shall provide that Landlord, its successors and assigns, may, at any time and without notice to Tenant and without first obtaining Tenant's ’s consent thereto, transfer (one or more times) all or any portion of its interest in and to the L-C Letter of Credit to another party, person or entity, in connection with any regardless of whether or not such transfer is separate from or as a part of the assignment by Landlord of its rights and interests in and to this Lease or to Landlord's lenderLease. In the event of a transfer of Landlord's ’s interest in the Building, Landlord shall transfer the L-CLetter of Credit, in whole or in part, to the transferee and thereupon Landlord shall, without any further agreement between the parties, be released by Tenant from all liability arising thereunder after the date of the transfertherefor, and it is agreed that the provisions hereof shall apply to every transfer or assignment of the whole or any portion of said L-C Letter of Credit to a new landlord. In connection with any such transfer of the L-C Letter of Credit by Landlord, Tenant shall, at Tenant's ’s sole cost and expense, execute and submit to the Bank such applications, documents and instruments as may be necessary to effectuate such transfer, and Tenant shall be responsible for paying the Bank's ’s transfer and processing fees in connection therewith.. 5.2.2