Landlord’s Title to Leased Premises. Landlord shall not sell, assign or otherwise alienate or encumber the Premises unless Landlord shall have given Tenant at least ninety (90) days’ prior written notice thereof, which notice shall identify the transferee, the Premises to be so transferred and the proposed date of transfer. Landlord agrees that this Lease, Tenant’s easement rights in the Easement Area and the Solar Easement shall run with the Premises and survive any transfer of any of the Premises. In furtherance of the foregoing, Landlord agrees that it shall cause any purchaser, tenant, assignee, mortgagee, pledgee or party to whom a lien has been granted to execute and deliver to Tenant a document pursuant to which such party acknowledges and consents to Tenant’s rights in the Premises as set forth herein including, without limitation, an acknowledgement by the transferee that it has no interest in the System and shall not gain any interest in the System by virtue of Landlord’s transfer.
Appears in 2 contracts
Samples: Solar Lease Agreement, Solar Lease Agreement
Landlord’s Title to Leased Premises. Landlord represents that it owns fee simple title to the Land and Building and shall not sell, assign or otherwise alienate or encumber the Premises unless Landlord shall have given Tenant at least ninety (90) days’ prior written notice thereof, which notice shall identify the transferee, the Premises to be so transferred and the proposed date of transfer. Landlord agrees that this Lease, Tenant’s easement rights in the Easement Area Areas and the Solar Easement shall run with the Premises and survive any transfer of any of the Premises. In furtherance of the foregoingFurther, Landlord agrees that it shall cause any purchaser, tenant, assignee, mortgagee, pledgee or party to whom a lien has been granted (each, a “Transferee”) to execute and deliver to Tenant a document pursuant to which such party Transferee acknowledges and consents to Tenant’s rights in the Premises as set forth herein including, including without limitation, limitation an acknowledgement by the transferee Transferee that it has no interest in the System and shall not gain any interest in the System by virtue of Landlord’s transfer.
Appears in 1 contract
Samples: Solar Lease Agreement
Landlord’s Title to Leased Premises. Landlord shall not sell, assign or otherwise alienate or encumber the Premises unless Landlord shall have given Tenant at least ninety (90) days’ prior written notice thereof, which notice shall identify the transferee, the Premises to be so transferred and the proposed date of transfer. Landlord Xxxxxxxx agrees that this Lease, TenantXxxxxx’s easement rights in the Easement Area and the Solar Easement shall run with the Premises and survive any transfer of any of the Premises. In furtherance of the foregoing, Landlord Xxxxxxxx agrees that it shall cause any purchaser, tenant, assignee, mortgagee, pledgee or party to whom a lien has been granted to execute and deliver to Tenant a document pursuant to which such party acknowledges and consents to Tenant’s rights in the Premises as set forth herein including, without limitation, an acknowledgement by the transferee that it has no interest in the System and shall not gain any interest in the System by virtue of Landlord’s transfer.
Appears in 1 contract
Samples: Solar Lease Agreement