Common use of Obligations of Succeeding Owner Clause in Contracts

Obligations of Succeeding Owner. Tenant hereby agrees that any entity or person which at any time hereafter becomes the Landlord under the Lease, including, without limitation, Lender, in all cases as a result of Lender’s exercise of its rights under the Mortgage, or a purchaser from Lender, shall be liable only for the performance of the obligations of the Landlord under the Lease which arise and accrue during the period of such entity’s or person’s ownership of the Property.

Appears in 1 contract

Samples: Subordination, Nondisturbance and Attornment Agreement (NightHawk Radiology Holdings Inc)

AutoNDA by SimpleDocs

Obligations of Succeeding Owner. Tenant hereby agrees that any entity or ------------------------------- person which at any time hereafter becomes the Landlord under the Lease, including, without limitation, Lender, in all cases as a result of Lender’s 's exercise of its rights right under the Mortgage, or a purchaser from Lender, shall be liable only for the performance of the obligations of the Landlord under the Lease which arise and accrue during the period of such entity’s 's or person’s 's ownership of the Property.

Appears in 1 contract

Samples: Office Lease Agreement (Allaire Corp)

Obligations of Succeeding Owner. Tenant hereby agrees that any entity or person which at any time hereafter becomes the Landlord under the Lease, including, without limitation, Lender, in all cases as a result of Lender’s exercise of its rights under the MortgageDeed of Trust, or a purchaser from Lender, shall be liable only for the performance of the obligations of the Landlord under the Lease which arise and accrue during the period of such entity’s or person’s ownership of the Property.

Appears in 1 contract

Samples: Attornment and Nondisturbance Agreement (Trinet Group Inc)

AutoNDA by SimpleDocs

Obligations of Succeeding Owner. Tenant hereby agrees that any entity ------------------------------- or person which at any time hereafter becomes the Landlord under the Lease, including, without limitation, Lender, in all cases as a result of Lender’s 's exercise of its rights under the MortgageDeed of Trust, or a purchaser from Lender, shall be liable only for the performance of the obligations of the Landlord under the Lease which arise and accrue during the period of such entity’s 's or person’s 's ownership of the Property.

Appears in 1 contract

Samples: Attornment and Nondisturbance Agreement (Trinet Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.