Common use of LESSOR RIGHT TO TRANSFER Clause in Contracts

LESSOR RIGHT TO TRANSFER. It is expressly understood and agreed that the Lessor has the right to transfer its interest in the Home Site, the Community and this Lease, and that in the event of any such transfer, Lessor shall automatically be released from all liability under this Lease following the date of transfer and Lessee agrees to look solely to such transferee for the performance of the Lessor’s obligations under this Lease following the date of transfer. The Lessee further understands and agrees that the Lessor may assign its interest in the Home Site, the Community and/or this Lease to a mortgage lender as additional security and such assignment shall not release the Lessor from its obligations under this Lease, and that Lessee shall continue to look to Lessor for the performance of its obligations hereunder. Lessee shall give notice to each home owner in the mobile home park upon any of the following triggering events:

LESSOR RIGHT TO TRANSFER. It I t is expressly understood and agreed that the Lessor has the right to transfer its interest in the Home Site, the Community and this Lease, and that in the event of any such transfer, Lessor shall automatically be released from all liability under this Lease following the date of transfer and Lessee agrees to look solely to such transferee for the performance of the Lessor’s 's obligations under this Lease following the date of transfer. The Lessee further understands and agrees that the Lessor may assign its interest in the Home Site, the Community and/or this Lease to a mortgage lender as additional security and such assignment shall not release the Lessor from its obligations under this Lease, and that Lessee shall continue to look to Lessor for the performance of its obligations hereunder. Lessee shall give notice to each home owner in the mobile home park upon any of the following triggering events:

LESSOR RIGHT TO TRANSFER. It is expressly understood and agreed that the Lessor has the right to transfer its interest in the Home Site, the Community and this Lease, and that in the event of any such transfer, Lessor shall automatically be released from all liability under this Lease following the date of transfer and Lessee Xxxxxx agrees to look solely to such transferee for the performance of the Lessor’s obligations under this Lease following the date of transfer. The Lessee further understands and agrees that the Lessor may assign its interest in the Home Site, the Community and/or this Lease to a mortgage lender as additional security and such assignment shall not release the Lessor from its obligations under this Lease, and that Lessee shall continue to look to Lessor for the performance of its obligations hereunder. Lessee shall give notice to each home owner in the mobile home park upon any of the following triggering events: