Landlord's Right to Assign. Landlord shall have the right to sell, encumber, convey, transfer, and/or assign any of its rights and obligations under the Lease.
Landlord's Right to Assign. Landlord's interest in the Lease may be assigned to any mortgagee or trust deed beneficiary as additional security. Nothing in this Lease shall empower Tenant to do any act without Landlord's prior consent which can, shall or may encumber the title of the owner of all or any part of the Property.
Landlord's Right to Assign. Landlord shall have the right to sell, -------------------------- convey, transfer, and/or assign (collectively "Transfer") any of its rights and obligations under the Lease. After such Transfer, Landlord shall be relieved of any and all obligations under this Lease.
Landlord's Right to Assign. Landlord's right to assign its interest under this Lease shall in all events remain unqualified and unrestricted.
Landlord's Right to Assign. Landlord shall have the right to sell, encumber, convey, transfer, or assign any of its rights and obligations under this Lease to any entity that acquires Landlord's interest in the Building, subject to the terms set forth below in this Section 11.7 and Article 23. Any such sale, encumbrance, conveyance, transfer or assignment shall be subject and subordinate to this Lease, except to the extent of any subordination of this Lease pursuant to Article 18. In the event Landlord sells, encumbers, conveys, transfers, or assigns any of its rights and obligations under this Lease to any entity that acquires Landlord's interest in the Building, at Tenant’s request, Landlord shall cause such acquiring entity to execute a certificate in favor of Tenant in a form reasonably satisfactory to Tenant, providing for representations and warranties regarding ERISA and Sanctions.
Landlord's Right to Assign. (a) Subject to Clause 9.18B and subject further to the Tenant’s rights under Clause 9.15, in the event of a sale, transfer or disposal of the Property, the Landlord shall be entitled to assign all its rights, interest and title under this Agreement.
(b) The Tenant hereby expressly acknowledges and undertakes to the Landlord that where the Landlord, in the event of a sale, transfer or disposal of the Property, assigns its rights and interest in under or arising out of this Lease (including the transfer of the Deposit), then subject to the transferee having undertaken in writing to the Tenant to be bound by all the terms, covenants, stipulations and conditions of this Agreement on the part of the Landlord to be observed, performed and complied with (excluding Clause 9.15 and including but not limited to, the obligation to refund the Deposit and any other sums under this Agreement to the Tenant in accordance with the provisions of this Agreement), and subject further to Clause 9.18B and the Tenant’s rights under Clause 9.15, the Tenant shall be deemed to have consented to such assignment and shall accept any transferee of the Landlord as its new landlord and shall release the Landlord from all its obligations under the provisions of this Lease and in particular the obligation of the Landlord to refund the Deposit and any other sums pursuant to this Lease. Where required by the Landlord, the Tenant shall enter into and execute any novation agreement entered into or to be entered into by the Landlord and its transferee, such agreement to contain the usual terms found in novation agreements and to be prepared by and at the expense of the Landlord.
Landlord's Right to Assign. Landlord shall have the right to sell, encumber, convey, transfer, and/or assign any of its rights and obligations under this Lease (in connection with a transfer of all or any portion of Landlord’s interest in the Facility), provided, however, that no sale, conveyance, transfer, or assignment (other than an arms-length foreclosure or deed in lieu of foreclosure) shall relieve Landlord of its obligations hereunder unless and until the transferee shall have assumed and agreed (in writing) to perform all of Landlord’s obligations under the Lease. Notwithstanding the foregoing, any offset rights granted to Tenant in this Lease shall not be defeated by such transfer unless Tenant agrees to the contrary in a written instrument executed and delivered under the terms of a Subordination, Non-Disturbance and Attornment Agreement required by the provisions of Section 21 of this Lease. Landlord shall not be relieved of any obligations that shall have accrued with respect to the period prior to the effective date of such transfer, but to the extent so provided in Subsection 23.6.2 below, Tenant shall look solely to the then interest of Landlord in the Facility (e.g., a mortgage interest, in the case of a seller financed sale of the Facility) and the proceeds of such transfer (if any) for the satisfaction of any remedy of Tenant for failure to perform such obligations.
Landlord's Right to Assign. During the Term, Landlord shall have the right and power at any time and from time to time to mortgage or otherwise create one or more security interests affecting the fee estate in the Premises, and to renew, modify, replace, consolidate, extend or refinance any such mortgage or other instrument, subject, however, to the following:
16.1.1. Nothing contained in any such mortgage shall give the holder of any such mortgage (a “Landlord Mortgagee”) any greater rights with respect to the rights and interest of Tenant under this Lease, or the covenants, conditions and restrictions set forth herein, the leasehold estate created hereunder, or any Leasehold Mortgage given by Tenant hereunder, than those of Landlord.
16.1.2. Unless Landlord would then be entitled to do so under the terms of this Lease, the Landlord Mortgagee shall not, in the exercise of any of its rights arising or which may arise out of any such mortgage, or any instrument modifying or amending the same or entered into in substitution or replacement thereof, disturb or deprive Tenant or any Leasehold Mortgagee of its possession or right to possession of the Premises, or of any part thereof under this Lease, or any right or privilege created for or inuring to the benefit of Tenant or any Leasehold Mortgagee under this Lease or any Leasehold Mortgage except to the extent Landlord has the right to do so.
16.1.3. Any such mortgage shall provide that the holder of such mortgage, upon serving Landlord with any notice of a material default by Landlord under such mortgage, will promptly send a copy of such notice to Tenant;
16.1.4. Landlord and its mortgagee shall, upon request, execute, acknowledge and deliver to Tenant, an agreement, prepared at the sole cost and expense of Tenant, in form reasonably satisfactory to Tenant and its Leasehold Mortgagee, between Landlord, Tenant and the holder of such mortgage, agreeing to all of the provisions of this Section 16.1.
Landlord's Right to Assign. Landlord shall have the right to sell, -------------------------- encumber, convey, transfer, and/or assign any of its rights and obligations under the Lease.
Landlord's Right to Assign. Landlord shall have the right to assign or sell its interest in this Lease and in the Leased Premises. Upon such sale Landlord shall be released from any further obligations and responsibilities under this Lease, both before and after the date of said assignment or sale and Tenant agrees to attorn to and to look solely to such assignee, purchaser or successor in interest of Landlord for the continued performance of the obligations of Landlord hereunder.
