Common use of Landlord’s Transfer Clause in Contracts

Landlord’s Transfer. Tenant agrees that the transferee of Landlord’s interest shall be substituted as Landlord under this Agreement. Landlord will be released of any further obligation to Tenant regarding the security deposit, only if the security deposit is returned to Tenant upon such transfer, or if the security deposit is actually transferred to a transferee Landlord who assumes Landlord’s obligations regarding same in writing and delivered to Tenant. For all other obligations under this Agreement, Landlord is released of any further liability to Tenant, upon Landlord’s transfer.

Appears in 3 contracts

Samples: Sublease Agreement (Eidos Therapeutics, Inc.), Sublease Agreement, Sublease Agreement (Eidos Therapeutics, Inc.)

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Landlord’s Transfer. Tenant Xxxxxx agrees that the transferee of Landlord’s interest shall be substituted as Landlord under this Agreementagreement. Landlord will be released of any further obligation to Tenant regarding the security deposit, only if the security deposit is returned to Tenant upon such transfer, or if the security deposit is actually transferred to a transferee Landlord who assumes Landlord’s obligations regarding same in writing and delivered to Tenantthe transferee. For all other obligations under this Agreementagreement, Landlord is released of any from further liability to Tenant, from Tenant upon transfer of Landlord’s transferinterest to transferee.

Appears in 2 contracts

Samples: Commercial Lease Agreement, Commercial Lease Agreement

Landlord’s Transfer. Tenant Xxxxxx agrees that the transferee of Landlord/District’s interest shall be substituted as Landlord Landlord/District under this Agreementagreement. Landlord Landlord/District will be released of any further obligation to Tenant regarding the security deposit, only if the security deposit is returned to Tenant upon such transfer, or if the security deposit is actually transferred to a transferee Landlord who assumes Landlord’s obligations regarding same in writing and delivered to Tenantthe transferee. For all other obligations under this Agreementagreement, Landlord Landlord/District is released of any further liability to Tenant, upon Landlord/District’s transfer.

Appears in 2 contracts

Samples: Lease Agreement, Commercial Lease Agreement

Landlord’s Transfer. Tenant agrees that the transferee of Landlord’s 's interest shall be substituted as Landlord under this Agreementagreement. Landlord will be released of any further obligation to Tenant regarding the security deposit, only if the security deposit is returned to Tenant upon such transfer, or if the security deposit is actually transferred to a transferee Landlord who assumes Landlord’s obligations regarding same in writing and delivered to Tenantthe transferee. For all other obligations under this Agreementagreement, Landlord is released of any further liability to Tenant, upon Landlord’s 's transfer.

Appears in 1 contract

Samples: Commercial Lease Agreement (Microtel International Inc)

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Landlord’s Transfer. Tenant agrees that the transferee of Landlord’s 's interest shall be substituted as Landlord under this Agreementagreement. Landlord will be released of any further obligation to Tenant regarding the security deposit, only if the security deposit is returned to Tenant upon such transfer, or if the security deposit is actually transferred to a transferee Landlord who assumes Landlord’s obligations regarding same in writing and delivered to Tenantthe transferee. For all other obligations under this Agreementagreement, Landlord is released of any further liability to Tenant, Tenant upon Landlord’s 's transfer.

Appears in 1 contract

Samples: Commercial Lease Agreement (Kiwa Bio-Tech Products Group Corp)

Landlord’s Transfer. Tenant agrees that that, upon any transfer of the Project, the transferee of Landlord’s 's interest shall be substituted as Landlord under this AgreementLease. Landlord will be released of any further obligation to Tenant regarding the security depositSecurity Deposit, only if provided that the security deposit Security Deposit is returned to Tenant upon such transfer, or if the security deposit Security Deposit is actually transferred to a transferee Landlord who assumes Landlord’s obligations regarding same in writing and delivered to Tenantthe transferee. For all other obligations under this AgreementLease, Landlord is released of any further liability to Tenant, upon Landlord’s Tenant for the performance of any obligations arising after the date of such transfer.

Appears in 1 contract

Samples: Lease Agreement (Heritage Commerce Corp)

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