Landlord's Liability; Certain Duties. As used in the Lease, the term “Landlord” means only the current owner or owners of the fee title to the Buildings or the leasehold estate under a ground lease of the Buildings at the time in question. Each landlord is obligated to perform the obligations of Landlord under this Lease only during the time such landlord owns such interest or title. Any landlord who transfers its title or interest is relieved of all liability with respect to the obligations of Landlord under this Lease to be performed on or after the date of transfer, provided that such transfer is not for the primary purpose of avoiding such obligations. However, each landlord shall deliver to its transferee all funds previously paid by Tenant if such funds have not yet been applied under the terms of this Lease.
Appears in 15 contracts
Samples: Lease Agreement (Power REIT), Lease Agreement (Millennium Investment & Acquisition Co Inc.), Lease Agreement (Power REIT)
Landlord's Liability; Certain Duties. As used in the Lease, the term “Landlord” means only the current owner or owners of the fee title to the Buildings Building or the leasehold estate under a ground lease of the Buildings Building at the time in question. Each landlord is obligated to perform the obligations of Landlord under this Lease only during the time such landlord owns such interest or title. Any landlord who transfers its title or interest is relieved of all liability with respect to the obligations of Landlord under this Lease to be performed on or after the date of transfer, provided that such transfer is not for the primary purpose of avoiding such obligations. However, each landlord shall deliver to its transferee all funds previously paid by Tenant if such funds have not yet been applied under the terms of this Lease.
Appears in 2 contracts
Samples: Lease Agreement (Power REIT), Lease Agreement (Power REIT)
Landlord's Liability; Certain Duties. As used in the Lease, the term “Landlord” means only the current owner or owners of the fee title to the Buildings Building or the leasehold estate under a ground lease of the Buildings Building at the time in question. Each landlord is obligated to perform the obligations of Landlord under this Lease only during the time such landlord owns such interest or title. Any landlord who transfers its title or interest is relieved of all liability with respect to the obligations of Landlord under this Lease to be performed on or after the date of transfer, provided that such transfer is not for the primary purpose of avoiding such obligations. However, each landlord shall deliver to its transferee all funds previously paid by Tenant if such funds have not yet been applied under the terms of this Lease.
Appears in 2 contracts
Samples: Lease Agreement (Website Pros Inc), Lease Agreement (Website Pros Inc)
Landlord's Liability; Certain Duties. (a) As used in the this Lease, the term “"Landlord” " means only the current owner or owners of the fee title to the Buildings Property or the leasehold estate under a ground lease of the Buildings Property at the time in question. Each landlord Landlord is obligated to perform the obligations obligation of Landlord under this the Lease only during the time such landlord Landlord owns such interest or title. Any landlord Landlord who transfers its title or interest is relieved of all liability with respect to the obligations of Landlord under this Lease to be performed on or after the date of transfer, provided that the transferee assumes in writing all such transfer is not for the primary purpose of avoiding such subsequent obligations. However, each landlord Landlord shall deliver to its transferee all funds that Tenant previously paid by Tenant if such funds have not yet been applied under the terms of this Lease.
Appears in 1 contract
Landlord's Liability; Certain Duties. As used in the Lease, the term “"Landlord” " means only the current owner or owners of the fee title to the Buildings Huntington Oaks or the leasehold estate under a ground lease of the Buildings Huntington Oaks at the time in question. Each landlord is obligated to perform the obligations of Landlord under this Lease only during the time such landlord owns such interest or title. Any landlord who transfers its title or interest is relieved of all liability with respect to the obligations of Landlord under this Lease to be performed on or after the date of transfer, provided that such transfer is not for the primary purpose of avoiding such obligations. However, each landlord shall deliver to its transferee all funds previously paid by Tenant if such funds have not yet been applied under the terms of this Lease.
Appears in 1 contract
Samples: Lease Agreement
Landlord's Liability; Certain Duties. As used in the Lease, the term “Landlord” means only the current owner or owners of the fee title to the Buildings Premises or the leasehold estate under a ground lease of the Buildings Premises at the time in question. Each landlord is obligated to perform the obligations of Landlord under this Lease only during the time such landlord owns such interest or title. Any landlord who transfers its title or interest is relieved of all liability with respect to the obligations of Landlord under this Lease to be performed on or after the date of transfer, provided that such transfer is not for the primary purpose of avoiding such obligations. However, each landlord shall deliver to its transferee all funds previously paid by Tenant if such funds have not yet been applied under the terms of this Lease.
Appears in 1 contract
Samples: Lease Agreement (Power REIT)