LESSOR'S LIABILITY. The term "Lessor" as used herein shall mean only the owner or owners at the time in Question of the fee title or a Lessee's interest in a ground lease of the Premises, and except as expressly provided in Article 15, in the event of any transfer of such title or interest, Lessor herein named (and in case of any subsequent transfers the then grantor) shall be relieved from and after the date of such transfer of all liability as respects Lessor's obligations thereafter to be performed, provided that any funds in the hands of Lessor or the then grantor at the time of such transfer, in which Lessee has an interest, shall be delivered to the grantee. The obligations contained in this Lease to be performed by Lessor shall, subject as aforesaid, be binding on Lessor's successors and assigns, only during their respective periods of ownership. No successor in interest to Lessor shall be liable for any default occasioned by his predecessor in interest. 16.3
Appears in 2 contracts
Samples: Industrial Building Lease (Futon World Inc), Industrial Building Lease (Futon World Inc)
LESSOR'S LIABILITY. The term "“Lessor" ” as used herein shall mean only the owner or owners at the time in Question question of the fee title or a Lessee's lessee’s interest in a ground lease of the Premises, and except as expressly provided in Article 15, in Project. In the event of any transfer of such title or interest, Lessor herein named (and in case of any subsequent transfers the then grantor) shall be relieved released from and after the date of such transfer of all liability as respects Lessor's ’s obligations thereafter to be performed, provided that any funds in the hands of Lessor or the then grantor at the time of such transfer, in which Lessee has an interest, shall be delivered to the grantee, and further provided that Lessor shall remain responsible for all indemnification and other obligations hereunder accrued prior to the transfer of title. The obligations contained in this Lease to be performed by Lessor shall, subject as aforesaid, be binding on Lessor's ’s successors and assigns, only during their respective periods of ownership. No successor in interest to Lessor shall be liable for any default occasioned by his predecessor in interest. 16.3.
Appears in 2 contracts
Samples: Work Letter Agreement (PLBY Group, Inc.), Lease Basic Terms Sheet
LESSOR'S LIABILITY. The term "Lessor" as used herein shall mean only the owner or owners owners, at the time in Question question, of the fee title or a Lessee's lessee' interest in a ground lease of the Premises, and except as expressly provided in Article 15Industrial Center, in the event of any transfer of such title or interest. So long as the applicable grantee assumes all of the obligations of Lessor hereunder arising from and after the effective date of the applicable transfer, Lessor herein named (and in case of any subsequent transfers then the then grantor) shall be relieved from and after the date of such transfer of all liability as respects Lessor's obligations thereafter to be performed, provided that any funds in the hands of Lessor or the then grantor at the time of such transfer, in which Lessee has an interest, shall be delivered to the grantee. The obligations contained in this Lease to be performed by Lessor shall, subject as aforesaid, be binding on Lessor's successors and assigns, only during their respective periods of ownership. No successor in interest to Lessor shall be liable for any default occasioned by his predecessor in interest. 16.3.
Appears in 1 contract
Samples: Lease (Vans Inc)
LESSOR'S LIABILITY. The term "Lessor" as used herein shall mean only the owner or owners at the time in Question question of the fee title or a Lesseelessee's interest in a ground lease of the Premises, and except as expressly provided in Article Paragraph 15, in . In the event of any transfer of such title or interest, Lessor herein named (and in case of any subsequent transfers the then grantor) shall be relieved from and after the date of such transfer of all liability as respects Lessor's obligations thereafter to be performed, provided that any funds in the hands of Lessor or the then grantor at the time of such transfer, in which Lessee has an interest, shall be delivered to the granteegrantee and such grantee assumes all of Lessee's obligations under this Lease. The obligations contained in this Lease to be performed by Lessor shall, subject as aforesaid, be binding on Lessor's successors and assigns, only during their respective periods of ownership. No successor in interest to Lessor shall be liable for any default occasioned by his predecessor in interest. 16.3.
Appears in 1 contract
Samples: Industrial Lease (Conceptus Inc)
LESSOR'S LIABILITY. The term "Lessor" as used herein shall mean only the owner or owners at the time in Question question of the fee title or a Lessee's interest in a ground lease of the Premises, and except as expressly provided in Article Paragraph 15, in the event of any transfer of such title or interest, Lessor herein named (and in case of any subsequent transfers then the then grantor) shall be relieved from and after the date of such transfer of all liability as respects Lessor's obligations thereafter to be performed, provided that any funds in the hands of Lessor or the then grantor at the time of such transfer, in which Lessee has an interest, at the time of such transfer, in which Lessee has an interest, shall be delivered to the grantee. The obligations contained in this Lease to be performed by Lessor shall, subject as aforesaid, be binding on Lessor's successors and assigns, only during their respective periods of ownership. No successor in interest to Lessor shall be liable for any default occasioned by his predecessor in interest. 16.3.
Appears in 1 contract
Samples: Lease Agreement Special Net (Central Coast Bancorp)
LESSOR'S LIABILITY. The term "'Lessor" ' as used herein shall mean only the owner Owner or owners Owners, at the time in Question of questions, the fee title or a Lessee's interest in a ground lease of the PremisesBuilding, and except as expressly provided in Article 15, in the event of any transfer of such title or interest, Lessor herein named (and in case of any subsequent transfers transfer then the then grantor) shall be relieved from and after the date of such transfer of all liability as respects Lessor's obligations thereafter hereafter to be performed, provided that any funds in the hands of Lessor or the then grantor at the time of such transfer, in which Lessee has an interest, shall be delivered to the grantee. The obligations contained in this Lease to be performed by Lessor shall, subject as aforesaid, be binding on Lessor's successors and assigns, only during their respective periods of ownership. No successor in interest to , provided that Lessor shall be liable for enter into an assignment and assumption agreement with any default occasioned by his predecessor in interest. 16.3successor landlord prior to being relieved of its liability hereunder.
Appears in 1 contract
LESSOR'S LIABILITY. The term "Lessor" as used herein shall mean only the owner or owners owners, at the time in Question question, of the fee title or a Lessee's interest in a ground lease of the PremisesBuilding Project, and except as expressly provided in Article 15and, in the event of any transfer of such title or interest, Lessor herein named (and in case of any subsequent transfers then the then grantor) shall be relieved from and after the date of such transfer of all liability as respects to Lessor's obligations thereafter to be performedthat accrue after a transfer of Lessor's interest, provided that any funds in the hands of Lessor or the then grantor at the time of such transfer, in which Lessee has an interest, shall be delivered to the grantee, and that the purchaser of Lessor's interest assumes (by operation of law or otherwise) Lessor's remaining obligations under this Lease. The obligations contained in this Lease to be performed by Lessor shall, subject as aforesaid, be binding on Lessor's successors and assigns, only during their respective periods of ownership. No successor in interest to Lessor shall be liable for any default occasioned by his predecessor in interest. 16.3.
Appears in 1 contract
LESSOR'S LIABILITY. The term "Lessor" as used herein shall mean only the owner or owners at the time in Question question of the fee title or a Lessee's interest in a ground lease of the Premises, and except as expressly provided in Article Paragraph 15, in the event of any transfer of such title or interest, Lessor herein named (and in case of any subsequent transfers then the then grantor) shall be relieved from and after the date of such transfer of all liability as respects Lessor's obligations thereafter to be performed, provided that any funds in the hands of Lessor or the then grantor at the time of such transfer, in which Lessee has an interest, shall be delivered to the grantee, provided further that such transferee has accepted in writing this Lease Agreement. The obligations contained in this Lease to be performed by Lessor shall, subject as aforesaid, be binding on Lessor's successors and assigns, only during their respective periods of ownership. No successor in interest to Lessor shall be liable for any default occasioned by his predecessor in interest. 16.3.
Appears in 1 contract
Samples: Park Electrochemical Corp
LESSOR'S LIABILITY. The term "Lessor" as used herein shall mean only the owner or owners owners, at the time in Question question, of the fee title or a Lesseelessee's interest in a ground lease of the PremisesOffice Building Project, and except as expressly provided in Article paragraph 15, in the event of any transfer of such title or interest, Lessor herein named (and in case of any subsequent transfers then the then grantor) shall be relieved from and after the date of such transfer of all liability as respects Lessor's obligations thereafter to be performed, provided that any funds in the hands of Lessor or the then grantor at the time end the grantee shall assume in writing the obligations of Lessor of such transfer, in which Lessee has an interest, shall be delivered to the grantee. The obligations contained in this Lease to be performed by Lessor shall, subject as aforesaid, be binding on Lessor's successors and assigns, only during their respective periods of ownership. No successor in interest to Lessor shall be liable for any default occasioned by his predecessor in interest. 16.3.
Appears in 1 contract
Samples: Office Lease Gross American (Moai Technologies Inc)