Common use of NOVATION IN THE EVENT OF SALE Clause in Contracts

NOVATION IN THE EVENT OF SALE. In the event of the sale of the Demises Premises, LESSOR shall be and hereby is relieved of all covenants and obligations created hereby accruing from and after the date of sale, and such sale shall result automatically in the purchaser assuming and agreeing to carry out all the covenants and obligations of LESSOR herein. Notwithstanding the foregoing provisions of this Section 22, LESSOR in the event of a sale of the Demised Premises, shall cause to be included in this agreement of sale and purchase a covenant whereby the purchaser of the Demised Premises assumes and agrees to carry out all of the covenants and obligations of LESSOR herein. The LESSEE agrees at any time and from time to time upon not less than ten (10) days prior written request by the LESSOR to execute, acknowledge and deliver to the LESSOR a statement in writing certifying that this Lease is unmodified and in full force and effect, or if modified, stating the modification, and the dates to which the basic rent and other charges have been paid in advance, if any, it being intended that any such statement delivered pursuant to this paragraph may be relied upon by any prospective purchaser of the fee or mortgagee or assignee of any mortgage upon the fee of the Demised Premises.

NOVATION IN THE EVENT OF SALE. In the event of the sale of the Demises Demised Premises, LESSOR Lessor shall be and hereby is relieved of all of the covenants and obligations created hereby accruing from and after the date of sale, and such sale shall result automatically in the purchaser assuming and agreeing to carry out all the covenants and obligations of LESSOR Lessor herein. Notwithstanding the foregoing provisions of this Section 22Article, LESSOR Lessor, in the event of a sale of the Demised Premises, shall cause to be included in this agreement of sale and purchase a covenant whereby the purchaser of the Demised Premises assumes and agrees to carry out all of the covenants and obligations of LESSOR Lessor herein. The LESSEE Lessee agrees at any time and from time to time upon not less than ten (10) days prior written request by the LESSOR Lessor to execute, acknowledge and deliver to the LESSOR Lessor a statement in writing certifying that this Lease is unmodified and in full force and effect, or if modified, effect and stating the modificationany modifications hereto, and the dates to which the basic rent and other charges have been paid in advance, if any, it being intended that any such statement delivered pursuant to this paragraph may be relied upon by any prospective purchaser of the fee or mortgagee or assignee of any mortgage upon the fee of the Demised Premises.

NOVATION IN THE EVENT OF SALE. In the event of the sale of the Demises Demised Premises, LESSOR Landlord shall be and hereby is relieved of all of the covenants and obligations created hereby accruing from and after the date of sale, and such sale shall result automatically in so long as the purchaser assuming shall assume and agreeing agree to carry out all the covenants and obligations of LESSOR Landlord herein. Notwithstanding the foregoing provisions of this Section 2230.0, LESSOR Landlord, in the event of a sale of the Demised Premises, shall cause to be included in this agreement of sale and purchase a covenant whereby the purchaser of the Demised Premises assumes and agrees to carry out all of the covenants and obligations of LESSOR Landlord herein. The LESSEE Tenant agrees at any time and from time to time (but not more often than twice per year) upon not less than ten (10) days prior written request by the LESSOR Landlord to execute, acknowledge and deliver to the LESSOR Landlord a statement in writing certifying that this Lease is unmodified and in full force and effect, or if modified, effect as modified and stating the modificationmodifications, and the dates to which the basic rent and other charges have been paid in advance, if any, it being intended that any such statement delivered pursuant to this paragraph may be relied upon by any prospective purchaser of the fee or mortgagee or assignee of or any mortgage upon the fee of the Demised Premises.

NOVATION IN THE EVENT OF SALE. In the event of the sale of the Demises Premises, LESSOR shall Landlord will be and hereby is relieved of all of the covenants and obligations created hereby accruing from and after the date of sale, and such sale shall will result automatically in the purchaser assuming and agreeing to carry out all the covenants and obligations of LESSOR Landlord herein. Notwithstanding the foregoing provisions of this Section 22Article 29.0, LESSOR Landlord, in the event of a sale of the Demised Premises, shall will cause to be included in this agreement of sale and purchase a covenant whereby the purchaser of the Demised Premises assumes and agrees to carry out all of the covenants and obligations of LESSOR Landlord herein. The LESSEE Tenant agrees at any time and from time to time upon not less than ten (10) days prior written request by the LESSOR Landlord to execute, acknowledge and deliver to the LESSOR Landlord a statement in writing certifying that this Lease is unmodified and in full force and effect, or if modified, effect as modified and stating the modificationmodifications, and the dates to which the basic rent and other charges have been paid in advance, if any, it being intended that any such statement delivered pursuant to this paragraph may be relied upon by any prospective purchaser of the fee or mortgagee or assignee of or any mortgage upon the fee of the Demised Premises.

NOVATION IN THE EVENT OF SALE. In the event of the sale of the Demises Demised Premises, LESSOR Landlord shall be and hereby is relieved of all of the covenants and obligations created hereby accruing from and after the date of sale, and such sale shall result automatically in the purchaser assuming and agreeing to carry out all the covenants and obligations of LESSOR Landlord herein. Notwithstanding the foregoing provisions of this Section 2230.0, LESSOR Landlord, in the event of a sale of the Demised Premises, shall cause to be included in this agreement of sale and purchase a covenant whereby the purchaser of the Demised Premises assumes and agrees to carry out all of the covenants and obligations of LESSOR Landlord herein. The LESSEE Tenant agrees at any time and from time to time upon not less than ten (10) days prior written request by the LESSOR Landlord to execute, acknowledge and deliver to the LESSOR Landlord a statement in writing certifying that this Lease is unmodified and in full force and effect, or if modified, effect as modified and stating the modificationmodifications, and the dates to which the basic rent and other charges have been paid in advance, if any, it being intended that any such statement delivered pursuant to this paragraph may be relied upon by any prospective purchaser of the fee or mortgagee or assignee of or any mortgage upon the fee of the Demised Premises.

NOVATION IN THE EVENT OF SALE. In the event of the sale of the Demises Premises, LESSOR Landlord shall be and hereby is relieved of all of the covenants and obligations created hereby accruing from and after the date of sale, and such sale shall result automatically in the purchaser assuming and agreeing to carry out all the covenants and obligations of LESSOR Landlord herein. Notwithstanding the foregoing provisions of this Section 22Article, LESSOR Landlord, in the event of a sale of the Demised Premises, shall cause to be included in this the agreement of sale and purchase a covenant whereby the purchaser of the Demised Premises assumes and agrees to carry out all of the covenants and obligations of LESSOR Landlord herein. The LESSEE Tenant agrees at any time and from time to time upon not less than ten thirty (1030) days prior written request by the LESSOR Landlord to execute, acknowledge and deliver to the LESSOR Landlord a statement in writing certifying that this Lease is unmodified and in full force and effect, effect or if modified, in full force and effect as modified and stating the modificationmodifications; that Landlord is not, to Tenant’s knowledge, in default hereunder or specifically stating any alleged defaults; the amount of the Base Rent and the dates to through which the basic rent Base Rent and other charges Additional Rent items have been paid in advance, if any, it being intended that paid; and certifying to such other matters as Landlord may reasonably request. Landlord and any such statement delivered pursuant other party to this paragraph may be relied upon by any prospective purchaser of whom the fee or mortgagee or assignee of any mortgage upon certificate is addressed shall have the fee of the Demised Premisesright to rely on such certificate.

NOVATION IN THE EVENT OF SALE. In the event of the sale of the Demises PremisesBuilding, LESSOR Landlord shall be and hereby is relieved of all of the covenants and obligations created hereby accruing from and after the date of sale, and such sale shall result automatically in the purchaser assuming and agreeing to carry out all the covenants and obligations of LESSOR Landlord herein. Notwithstanding the foregoing provisions of this Section 2230.0, LESSOR Landlord, in the event of a sale of the Demised PremisesBuilding, shall cause to be included in this agreement of sale and purchase a covenant whereby the purchaser of the Demised Premises Building assumes and agrees to carry out all of the covenants and obligations of LESSOR Landlord herein. The LESSEE Tenant agrees at any time and from time to time upon not less than ten (10) days business days’ prior written request by the LESSOR Landlord to execute, acknowledge and deliver to the LESSOR Landlord a statement in writing certifying that this Lease is unmodified and in full force and effect, or if modified, effect as modified and stating the modificationmodifications, and the dates to which the basic rent Base Rent and other charges have been paid in advance, if any, it being intended that any such statement delivered pursuant to this paragraph may be relied upon by any prospective purchaser of the fee or mortgagee or assignee of or any mortgage upon the fee of the Demised Premises.

NOVATION IN THE EVENT OF SALE. In the event of the sale of the Demises Premises, LESSOR shall Landlord will be and hereby is relieved of all of the covenants and obligations created hereby accruing from and after the date of sale, and such sale shall will result automatically in the purchaser assuming and agreeing to carry out all the covenants and obligations of LESSOR Landlord herein. Notwithstanding the foregoing provisions of this Section 22Article 29.0, LESSOR Landlord, in the event of a sale of the Demised Premises, shall will cause to be included in this the agreement of sale and purchase a covenant whereby the purchaser of the Demised Premises assumes and agrees to carry out all of the covenants and obligations of LESSOR Landlord herein. The LESSEE Tenant agrees at any time and from time to time upon not less than ten fifteen (1015) business days prior written request by the LESSOR Landlord to execute, acknowledge and deliver to the LESSOR Landlord a statement in writing certifying that this Lease is unmodified and in full force and effect, effect or if modified, is in full force and effect as modified and stating the modificationmodifications, and the dates to which the basic rent and other charges have been paid in advance, if any, it being intended that any such statement delivered pursuant to this paragraph Article may be relied upon by any prospective purchaser of the fee or mortgagee or assignee of any mortgage upon the fee of the Demised Premises.

NOVATION IN THE EVENT OF SALE. In the event of the sale of the Demises PremisesBuilding, LESSOR Landlord shall be and hereby is relieved of all of the covenants and obligations created hereby accruing from and after the date of sale, and such sale shall result automatically in the purchaser assuming and agreeing to carry out all the covenants and obligations of LESSOR Landlord herein. Notwithstanding the foregoing provisions of this Section 2230.0, LESSOR Landlord, in the event of a sale of the Demised PremisesBuilding, shall cause to be included in this agreement of sale and purchase a covenant whereby the purchaser of the Demised Premises Building assumes and agrees to carry out all of the covenants and obligations of LESSOR Landlord herein. The LESSEE Tenant agrees at any time and from time to time upon not less than ten (10) days prior written request by the LESSOR Landlord to execute, acknowledge and deliver to the LESSOR Landlord a statement in writing certifying that this Lease is unmodified and in full force and effect, or if modified, effect as modified and stating the modificationmodifications, and the dates to which the basic base rent and other charges have been paid in advance, if any, it being intended that any such statement delivered pursuant to this paragraph may be relied upon by any prospective purchaser of the fee or mortgagee or assignee of or any mortgage upon the fee of the Demised Premises.