Release of Lessor. Lessor shall not be responsible for any damage or injury, including theft, that may happen to Lessee or to Lessee’s agents, servants, employees, guests, invitees, patrons, other third parties or property from any cause whatever prior, during, or subsequent to the third party covered by this Lease. Lessee hereby expressly releases Lessor from and agrees to indemnify Lessor against any and all claims for such loss, damage, or injury.
Release of Lessor. Any assignment of this Lease by Lessor in accordance with Section 8.1 shall operate to terminate the liability of Lessor for all obligations under this Lease accruing after the date of any such assignment.
Release of Lessor. If, during the term of this Lease, Lessor shall sell its interest in the Building or Complex of which the Leased Premises forms a part, or the Leased Premises, then from and after the effective date of the sale or conveyance, Lessor shall be released and discharged from any and all obligations and responsibilities under this Lease, except those already accrued.
Release of Lessor. 19.1. The term "Lessor", as used in this Lease so far as covenants or obligations on the part of Lessor are concerned, shall be limited to mean and include only the owner or owners at the time in question of the Property, and in the event of any transfer or transfers of the fee interest in the Property, Lessor herein named shall be automatically freed and relieved from and after the date of such transfer of all liability with respect to the performance of any covenants or obligations on the part of Lessor contained in this Lease thereafter to be performed; provided, however, that no Lessor shall be freed or relieved from any of its obligations or liabilities hereunder which first arise or accrue prior to the transfer of such Lessor's interest in the Property.
Release of Lessor. In the event City or Lessor shall sell or transfer the Leased Premises or any part thereof and as a part of such transaction shall assign its interest as Lessor in and to this Agreement, and provided such buyer, transferee or assignee agrees to perform as Lessor under this Agreement, then from and after the effective date of such sale, assignment, or transfer, Lessor shall have no further liability under this Agreement to Lessee except as to matters of liability which shall have accrued and are unsatisfied as of such effective date, it being intended that the covenants and obligations contained in this Agreement on the part of Lessor shall be binding on Lessor and its successors and assigns only during and in respect of their respective successive periods of management and control or
Release of Lessor. The Lessor may sell, assign, transfer or convey (but not encumber), with the prior written consent of the Lenders which shall not be unreasonably withheld, conditioned or delayed, all or any part of Lessor’s interest in the 000 X. Xxxx Street Property, reversionary interest in the Improvements or this Lease without obtaining Lessee’s consent, provided that the purchaser, assignee, or transferee expressly assumes all of the obligations of the Lessor under this Lease by a written instrument in a form reasonably satisfactory to the Lessee and recordable in the Office of the Teton County Clerk (an “Assumption Agreement”). In the event of a sale, assignment, transfer or conveyance by Lessor of the 000 X. Xxxx Street Property or its rights under this Lease, provided an assumption agreement is executed as required above, the same shall operate to release the Lessor from any future liability upon any of the covenants or conditions of this Lease, expressed or implied, in favor of Lessee, and in such event the Lessee shall look solely to the successor in interest of Lessor in and to the 000 X. Xxxx Street Property or this Lease. This Lease shall not be affected by any such sale, and the Lessee agrees to attorn to any such purchaser or assignee provided Lessee has received an Assumption Agreement.
Release of Lessor. The Lessee for and in consideration of the leasing and the demise of the Property to the Lessee hereby release, remise and discharge the Lessor, its officers and employees, of and from all claims, demands, actions, whether in law or in equity which may be filed or asserted by the Lessee or its Assignees for or on account of improvements made and furniture, fixtures and equipment installed in the Property, and from any and all costs and expenses, of Lessee or its Assignees in connection with this Lease, including, but not limited to the development of the Property and acquisition of the Leasehold Improvements, which may result from a third party challenging the validity or legality of this transaction under the City Charter or Code or the laws of the State of Florida, or arising out of the award of this Lease, or any subsequent Assignment of this Lease by the Lessee or its Assignees (“Claim”). It is the intent of the Parties that this provision shall control over any other provision in this Lease and that notwithstanding any limited representations provided by Lessor under Section 2.5 of this Lease, neither the Lessee, nor its Assignees shall seek to recover from the Lessor compensation for, or reimbursement of any costs, losses, fees or expenses incurred by the Lessee or its Assignees, including expenses incurred in connection with the acquisition of this Lease or the financing, and/or installation of the Leasehold Improvements, or otherwise, as a result of any adverse judgment which may be entered or relief granted in connection with the Claim. The terms of this provision shall expressly be made a part of any future assignment or mortgage of the Leasehold Interest. In the event a Claim is filed or asserted within forty (40) days of the Effective Date, either party shall have the right to terminate this Lease and except as otherwise hereafter provided in this paragraph, the Parties shall thereupon be relieved of any and all further responsibility hereunder and neither Party shall have any further obligation under this Lease. In the event of such termination, Lessor shall return the Security Deposit to the Lessee, without interest. Lessor shall further prorate the Minimum Base Rent due, without a discount, from the Effective Date to the date of termination and shall refund to the Lessee the difference between the pre-paid rent and the amount of rent due. In the event a Claim is filed or asserted after the forty (40) day period has expired, or in the event t...
Release of Lessor. Upon the taking of possession by Lessee of the Retained Premises and thereafter, during the Term, Lessee shall use its commercially reasonable efforts to obtain agreement from the Prime Lessor to enter into a new lease between Lessee and Prime Lessor and to release Lessor from all liability under the Prime Lease. Upon Lessor's written request, Lessee shall deliver to Lessor all applications, requests, correspondence and other documents delivered to Prime Lessor from time to time that evidence or confirm Lessee's efforts to obtain Lessor's release of such liability and Lessee agrees to provide to Lessor a report summarizing Lessee's efforts to obtain the release. At such time as Lessee has entered into a lease with Prime Lessor for a lease of the Premises and the Prime Lessor has released Lessor from liability under the Prime Lease, this Sublease shall terminate.
Release of Lessor. The Lessee and its assignees, for and in consideration of the leasing and the demise of the Premises to the Lessee, hereby release, remise and discharge the Lessor, its officers and employees, of and from all claims, demands, and actions, whether in law or in equity, which may be filed or asserted by the Lessee or its assignees for or on account of improvements made and furniture, fixtures and equipment installed in the Premises, and from any and all costs and expenses of Lessee or its assignees in connection with this Lease, including, but not limited to those costs associated with the development of the Premises and acquisition of the Leasehold Improvements (the “Claim”). It is the intent of the Parties that this provision shall control over any other provision in this Lease and that notwithstanding any limited representations provided by Lessor under Section 2.4 of this Lease, neither the Lessee, nor its assignees shall seek to recover from the Lessor compensation for, or reimbursement of, any costs, losses, fees or expenses incurred by the Lessee or its assignees. The terms of this provision shall expressly be made a part of any future assignment or mortgage of the Leasehold Interest.
Release of Lessor. Effective as of the Termination Date, but subject to the agreements, representations, warranties and indemnities contained in this Agreement, which agreements, representations, warranties and indemnities shall survive the termination of the Master Lease and the Leases, Lessee forever releases and discharges Lessor from any and all claims, demands or causes of action whatsoever against Lessor or its successors and assigns arising out of or in connection with the Equipment, the Master Lease or the Leases, and forever releases and discharges Lessor from any obligations to be observed or performed by Lessor under the Master Lease and the Leases. Notwithstanding such release, Lessor shall indemnify Lessee against, and hold Lessee, its officers, agents, employees, directors and shareholders harmless from, any and all claims, actions, suits, proceedings, costs, demands, damages and liabilities of whatever nature, and all costs and expenses, including Lessee’s reasonable attorneys’ fees and expenses (collectively “Claims”), relating to or in any way arising out of its breach of this agreement or any claims against the Equipment made by any party, whether now existing or hereafter arising out of events or omissions occurring on or before the Termination Date, other than Claims caused by the acts or omissions of Lessee; provided, however, that such indemnification obligation shall not apply to Claims arising out of or resulting from the operation of the Equipment.
