Common use of Landlord’s Transfer Clause in Contracts

Landlord’s Transfer. Landlord may sell, assign or otherwise transfer the Premises without the consent of Tenant. If Landlord should sell or transfer Landlord's interest in the Premises, then effective with the date of the sale or transfer, Landlord shall be released and discharged from any and all further obligations and responsibilities under this Lease (except those already accrued) upon written assumption by the buyer or transferee of Landlord's liabilities under this Lease.

Appears in 3 contracts

Samples: Commercial Lease (HyperSpace Communications, Inc.), Commercial Lease (HyperSpace Communications, Inc.), Commercial Lease (Micron Electronics Inc)

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Landlord’s Transfer. Landlord may sell, assign or otherwise transfer the Premises without and Property subject to the consent provisions of TenantSection 11.1 hereof. If Landlord should sell or transfer Landlord's its interest in the PremisesPremises or Property, then effective with the date of the sale or transfer, Landlord shall be released and discharged from any and all further obligations and responsibilities under this Lease (except those already accrued) upon written assumption by the buyer or transferee of Landlord's obligations and liabilities under this Lease.. 6.5

Appears in 2 contracts

Samples: Building Lease (Acme Television LLC), Building Lease (Acme Intermediate Holdings LLC)

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Landlord’s Transfer. Landlord may sell, assign assign, or otherwise transfer all or any part of its interest in the Premises without the consent of Tenant. If Landlord should sell or transfer Landlord's ’s interest in the Premises, other than a transfer for security purposes only, then effective with the date of the sale or transfer, Landlord shall be automatically released and discharged from any and all further obligations and responsibilities under this Lease (except those already accrued) upon written assumption by the buyer or transferee of Landlord's liabilities under this Lease).

Appears in 1 contract

Samples: Industrial Lease (1847 Holdings LLC)

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