Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then in the event that the purchaser thereof expressly assumes the same, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease from and after the effective date of the sale or conveyance, except those already accrued.
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Samples: Office Lease, Office Lease (Puma Biotechnology, Inc.)
Release of Landlord. If, during the term of this Lease, Landlord ------------------- shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then in from and after the event that effective date of the purchaser thereof expressly assumes the samesale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease from and after the effective date of the sale or conveyanceLease, except those already accruedaccrued and provided Landlord transfers or provides a credit or other payment to such successor of the Security Deposit to the extent not previously applied by Landlord under the terms of this Lease.
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Samples: Office Lease (Blaze Software Inc)
Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building Buildings or the Complex of which the Leased Premises form a part, or the Leased Premises, then from and after the effective date of the sale or conveyance, and provided that Landlord advises Tenant in the event writing that the purchaser thereof expressly assumes the sameof such interest agrees in writing to assume all of Landlord’s obligations under this Lease, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease from and after the effective date of the sale or conveyanceLease, except those already accrued.
Appears in 1 contract
Samples: Lease Agreement (Fibrogen Inc)
Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then from and after the effective date of the sale or conveyance and the assumption in writing by the event that buyer of the purchaser thereof expressly assumes obligations of Landlord under this Lease accruing from and after the same, effective date of such sale or conveyance. Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease from and after the effective date of the sale or conveyanceLease, except those already accrued.
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Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then in from and after the event that effective date of the purchaser thereof expressly assumes the samesale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease from and after the effective date of the sale or conveyanceLease, except those already accrued.. Divco\Gateway/Tobira Lease
Appears in 1 contract
Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or the Complex of which the Leased Premises form a part, or the Leased Premises, then in from and after the event that effective date of the purchaser thereof expressly assumes the samesale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease from and after the effective date of the sale or conveyanceLease, except those already accrued.
Appears in 1 contract
Samples: Office Lease (Artisoft Inc)
Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or the Complex of which the Leased Premises form a part, or the Leased Premises, then in from and after the event that effective date of the purchaser thereof expressly assumes the samesale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease from and after the effective date of the sale or conveyanceLease, except those already accruedaccrued provided that any successor shall have expressly assumed Landlord's obligations under this Lease either by contractual obligation, assumption agreement or by operation of law.
Appears in 1 contract
Samples: Office Lease (Witness Systems Inc)
Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then in from and after the event that effective date of the purchaser thereof expressly assumes the samesale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease from and Lease, except those already accrued. Upon any such conveyance, the grantee or transferee shall be deemed to have assumed the obligations of Landlord that accrue after the effective date of the sale or conveyance, except those already accruedsuch transfer.
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