Liability of Transferors/Transferees For Lease Obligations. Each permitted assignee of this Lease shall assume in writing all of Tenant’s obligations under this Lease. All transferees of any interest in this Lease or the Premises or Improvements (whether or not directly liable on this Lease) shall be subject to the terms and provisions of this Lease. Any transferor of any interest in this Lease or the Premises or Improvements shall remain primarily liable for all obligations hereunder and shall be subject to the terms and provisions of this Lease. The County may proceed directly against the transferor in its sole and absolute discretion, with no obligation to exhaust its remedies against the transferee.
Appears in 4 contracts
Samples: Ground Lease, Ground Lease, Option Agreement
