LAUSD’s Successors Sample Clauses
LAUSD’s Successors. In the event of any transfer of the fee title of or interest in the Campus, LAUSD shall be relieved, from and after the date of such transfer, of all liability for LAUSD’s obligations hereunder thereafter to be performed, provided such transferee accepts and assumes all such liability in writing. The obligations contained in this Agreement to be performed by LAUSD shall, subject as aforesaid, be binding on LAUSD’s successors and assigns only during their respective periods of ownership. Notwithstanding anything to the contrary contained in this Agreement, all indemnities set forth in this Agreement shall survive the expiration or earlier termination of this Agreement.
LAUSD’s Successors. In the event of any transfer of fee title or interest of lessor, LAUSD (and in case of any subsequent transfers, the then grantor) shall be automatically freed and relieved from and after the date of such transfer, assignment or conveyance of all liability as respect to the performance of any agreements or obligations on the part of LAUSD contained in this Lease thereafter to be performed; provided, however, that (a) any funds in the hands of LAUSD or the then grantor at the time of such transfer in which Tenant has an interest shall be delivered to the grantee and (b) any such grantee shall fully assume all of the obligations of LAUSD (or, in the case of any subsequent transfers, the then grantor) under this Lease. The obligations contained in this Lease to be performed by LAUSD shall, subject as aforesaid, be binding on LAUSD’s successors and assigns only during their respective periods of ownership.