Common use of Landlord Transfer Clause in Contracts

Landlord Transfer. Landlord may sell its interest in the Building and/or transfer or assign any of its rights under this Lease. If Landlord sells its interest in the Building or assigns its rights under this Lease, then Landlord shall thereby be released from any further obligations hereunder arising after the date of the sale or transfer, provided, solely with respect to an assignment of this Lease, that the assignee assumes Landlord's obligations hereunder in writing.

Appears in 2 contracts

Samples: Lease Agreement (Premier Research Worldwide LTD), Lease Agreement (Eresearchtechnology Inc)

AutoNDA by SimpleDocs

Landlord Transfer. Landlord may sell its interest in the Building ----------------- and/or transfer or assign any of its rights under this Lease. If Landlord sells its interest in the Building or assigns its rights under this Lease, then Landlord shall thereby be released from any further obligations hereunder arising after the date of the sale or transfertransfer (but not before), provided, solely with respect to an assignment of this Lease, that the assignee assumes Landlord's obligations hereunder in writing.

Appears in 1 contract

Samples: Lease Agreement (Dset Corp)

AutoNDA by SimpleDocs

Landlord Transfer. Landlord may sell its interest or otherwise transfer all or any portion of the Premises, and in the Building and/or transfer or connection therewith Landlord may assign any of its rights under this LeaseLease to the transferee. If Landlord sells its interest in the Building or assigns its rights under this Lease, then Landlord shall thereby be released from any further obligations hereunder arising after the date of the sale or transferassignment, provided, solely with respect to an assignment of this Lease, provided that the assignee transferee assumes in writing Landlord's obligations obligations, covenants, and warranties hereunder in writingarising from and after the assignment date.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Sequenom Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!