Landlord’s Right to Convey. Landlord may Transfer the Fee Estate from time to time, but only if (a) such transaction and the resulting ownership of Landlord do not otherwise violate this Lease; and (b) Landlord promptly Notifies Tenant of such Transfer and Tenant grants its written consent thereto prior, and as a condition, to the effectiveness of such Transfer. If any transaction violates the preceding sentence, then: (w) it shall be null, void, and of no force or effect; (x) notwithstanding the foregoing, Tenant shall be entitled to equitable relief to cancel and rescind it; (y) Tenant may terminate this Lease; and (z) Tenant may exercise any other available right or remedy.
Landlord’s Right to Convey. . Landlord may Transfer the Fee Estate from time to time, but only if (a) such transaction and the resulting ownership of Landlord do not otherwise violate this Lease; and
Landlord’s Right to Convey. Landlord shall not, during the Term of this Lease, convey its Fee Estate except to a Fee Mortgagee which forecloses on the Fee Estate or accepts a deed in lieu of foreclosure on the Fee Estate, as a result of a default by Landlord under a Fee Mortgage.
Landlord’s Right to Convey. Landlord may Transfer the Fee Estate in whole but not in part from time to time, but only to a person that is not and cannot elect to be immune from civil process and then only if such transaction does not otherwise violate this Lease. No such Transfer shall be made by Landlord unless Landlord has first offered to Transfer the Fee Estate to Tenant in accordance with the provisions of Section 15.4. Further, notwithstanding anything in this Lease to the contrary, and subject to compliance with the preceding sentence, no such Transfer shall be effected (a) prior to expiration of the 10th Lease Year, or
Landlord’s Right to Convey. Subject to the provisions of Section 15.2 and Section 15.3, Landlord shall be entitled to convey the Fee Estate of any Property and/or Landlord's leasehold interest in any Fee Estate owned by a Third Party Lessor, the Leemilt's Lessor, the Power Test Lessor, or the Gettymart Lessor from time to time, provided that the new holder thereof as a result of such conveyance simultaneously enters into a new lease with Tenant with respect to such Property on the same terms and conditions as are set forth in this Restated Lease, except as otherwise set forth on Schedule 13 (any such new lease being hereinafter referred to as a "Transferee Lease"). Notwithstanding the foregoing, any conveyance of the Fee Estate of any Property and/or Landlord's leasehold interest in any Fee Estate owned by a Power Test Lessor, the Leemilt's Lessor, the Gettymart Lessor or a Third Party Lessor to an Affiliate or Subsidiary of Tenant shall not be subject to the provisions of Section 15.2 or 15.3; provided, however, that notwithstanding anything to the contrary contained in Schedule 13, the Transferee Lease between Tenant and such Affiliate or Subsidiary shall, as to subsequent conveyance, bind such Affiliate or Subsidiary to Tenant's Right of First Offer (as defined hereinafter) and Tenant's Right of First Refusal (as defined hereinafter). Upon any such conveyance of the Fee Estate of any Property or Landlord's leasehold interest in any Fee Estate owned by a Third Party Lessor, the Leemilt's Lessor, the Power Test Lessor, or the Gettymart Lessor in accordance with the preceding provisions, the applicable Property shall be deleted from this Restated Lease, the Fixed Rent shall be adjusted to reflect such deletion in accordance with Fixed Rent Adjustment Procedures, and the amounts held pursuant to this Restated Lease on account of advanced Real Estate Tax payments pursuant to Article 4 shall be adjusted accordingly. Without limiting Tenant's remedies on account of any such transaction, if Landlord makes any such conveyance in violation of this Section, then: (x) such transaction shall be null, void, and of no force or effect; (y) notwithstanding the foregoing, Tenant shall be entitled to equitable relief requiring the cancellation and rescission of such transaction; and (z) Tenant shall be entitled to have such violating Property deleted from this Restated Lease, to have the Fixed Rent adjusted to reflect such deletion in accordance with the Fixed Rent Adjustment Procedures, and to have...
Landlord’s Right to Convey. Landlord may Transfer the Fee Estate in whole but not in part from time to time, but only to a person that is not and cannot elect to be immune from civil process and then only if such transaction does not otherwise violate this Lease. No such Transfer shall be made by Landlord unless Landlord has first offered to Transfer the Fee Estate to Tenant in accordance with the provisions of Section 15.4. Further, notwithstanding anything in this Lease to the contrary, and subject to compliance with the preceding sentence, no such Transfer shall be effected (a) prior to expiration of the 10th Lease Year, or (b) until reasonable assurances acceptable to Tenant are received by Tenant that any Grant money available to Landlord in connection with the Remedial Action will continue to be received by Landlord and paid to Tenant or other acceptable payee pursuant to the terms of the Grant Agreement after the Transfer substantially and in all material respects as if the Transfer had not occurred, or (c) until a no further action letter (with only those conditions contained therein that are customary and standard for the zoning and intended use of the Premises and are otherwise reasonably acceptable to Tenant) has been issued with respect to the Remedial Action. If any transaction violates this Section 15.1, then: (a) it shall be null, void, and of no force or effect; and (b) notwithstanding the foregoing, Tenant shall be entitled to equitable relief to cancel and rescind it (without waiving any other rights or remedies, including an award of actual provable direct damages, capped at the amount received by the transferor for the Transfer). Landlord shall promptly Notify Tenant of such Transfer. Unless otherwise agreed by Tenant in its sole discretion Tenant shall have no liability for any transfer and other taxes payable on account of any Transfer by Landlord.
Landlord’s Right to Convey. Subject to the provisions of Section 15.2 and Section 15.3, Landlord shall be entitled to convey the Fee Estate of any Property and/or Landlord's leasehold interest in any Fee Estate owned by a Third Party Lessor or the Power Test Lessor from time to time, provided that the new holder thereof as a result of such conveyance simultaneously enters into a new lease with Tenant with respect to such Property on the same terms and conditions as are set forth in this Restated Lease, except as otherwise set forth on Schedule 13 (any such new lease being hereinafter referred to as a "Transferee Lease"). Notwithstanding the foregoing, any conveyance of the Fee Estate of any Property and/or Landlord's leasehold interest in any Fee Estate owned by a Power Test Lessor or a Third Party Lessor to an Affiliate or Subsidiary of Tenant shall not be subject to the provisions of Section 15.2 or 15.3; provided, however, that notwithstanding anything to the contrary contained in Schedule 13, the Transferee Lease between Tenant and such Affiliate or Subsidiary shall, as to
Landlord’s Right to Convey. Landlord may Transfer the Fee Estate from time to time, but only if (a) the Amtrak Sublease is still in full force and effect and no Event of Default shall have occurred and be continuing hereunder unless such Transfer shall cure such default; (b) the Transferee is not a Prohibited Person; (c) such transaction and the resulting ownership of Landlord do not otherwise violate this Lease; (d) Landlord promptly Notifies Tenant of such Transfer; and (e) the Transfer is subject to this Lease and all rights of Tenant (and Tenant's subtenants) under this Lease. If any transaction violates the preceding sentence, then: (w) it shall be null, void, and of no force or effect; (x) notwithstanding the foregoing, Tenant shall be entitled to equitable relief to cancel and rescind it; (y) Tenant may terminate this Lease; and (z) Tenant may exercise any other available rights or remedies.
Landlord’s Right to Convey. Landlord shall be entitled to convey the Fee Estate of any Premises from time to time subject to the terms and conditions of this Lease. Without limiting Tenant's remedies on account of any such transaction, if Landlord conveys the Fee Estate in violation of this paragraph, then: (x) such transaction shall be null, void, and of no force or effect; (y) notwithstanding the foregoing, Tenant shall be entitled to equitable relief requiring the cancellation and rescission of such transaction; and (z) Tenant shall be entitled to have such
Landlord’s Right to Convey. Landlord may sell or transfer its fee interest in the Leased Premises at any time without the consent of Tenant, but any sale shall be subject to rights of Tenant under this Lease.
