Common use of Obligations of Assignees Clause in Contracts

Obligations of Assignees. Assignees or subtenants shall become directly liable to Landlord for all obligations of Tenant hereunder, but Tenant shall remain liable for the performance of all obligations owed to Landlord under this Lease. The instrument by which any assignment or subletting consented to by Landlord is accomplished shall expressly provide that the assignee or subtenant will perform and observe all the agreements, covenants, conditions and provisions to be performed and observed by Tenant under this Lease and that Landlord will have the right to enforce such agreements, covenants and conditions directly against such assignee or subtenant.

Appears in 3 contracts

Samples: Lease Agreement (ACON S2 Acquisition Corp.), Lease Agreement (Twist Bioscience Corp), Lease Agreement (Ampio Pharmaceuticals, Inc.)

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Obligations of Assignees. Assignees or subtenants shall become directly liable to Landlord for all obligations of Tenant hereunderhereunder with respect to the portion of the Premises assigned or subleased, but Tenant shall remain liable for the performance of all obligations owed to Landlord under this Lease. The instrument by which any assignment or subletting consented to by Landlord is accomplished shall expressly provide that the assignee or subtenant will perform and observe all the agreements, covenants, conditions and provisions to be performed and observed by Tenant under this Lease (with respect to the portion of the Premises assigned or subleased) and that Landlord will have the right to enforce such agreements, covenants and conditions directly against such assignee or subtenant.

Appears in 1 contract

Samples: Lease Agreement (Eschelon Telecom Inc)

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