Common use of Release upon Transfer by Landlord Clause in Contracts

Release upon Transfer by Landlord. In the event of a transfer by Landlord of the Property or of Landlord’s interest as Landlord under this Lease, Landlord’s successor or assign shall take subject to and be bound by this Lease and in such event, Tenant covenants and agrees that Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or Landlord’s successor or assign, Tenant shall attorn to such successor or assign.

Appears in 3 contracts

Samples: Lease Agreement (Alliance Data Systems Corp), Lease Agreement (Solera National Bancorp, Inc.), Lease Agreement (Solera National Bancorp, Inc.)

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Release upon Transfer by Landlord. In the event of a transfer by Landlord of the Property Demised Premises or of Landlord’s 's interest as Landlord landlord under this Lease, Landlord’s 's successor or assign shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s 's successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or Landlord’s 's successor or assign, Tenant shall attorn to such successor or assign.

Appears in 2 contracts

Samples: Master Lease, Master Lease

Release upon Transfer by Landlord. In the event of a transfer by Landlord of the Property or of Landlord’s interest as Landlord under this Lease, LandlordXxxxxxxx’s successor or assign assignee shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which that arose and matured prior to such transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or LandlordXxxxxxxx’s successor or assign, Tenant shall attorn to such successor or assign.

Appears in 2 contracts

Samples: Lease (Insmed Inc), Lease (Insmed Inc)

Release upon Transfer by Landlord. In the event of a transfer by Landlord of the Property or of Landlord’s 's interest as Landlord under this Lease, Landlord’s 's successor or assign shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that that: Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s 's successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or Landlord’s successor or assign, that Tenant shall attorn to such successor or assign.

Appears in 2 contracts

Samples: Net Lease (Broadband Technologies Inc /De/), Net Lease (Closure Medical Corp)

Release upon Transfer by Landlord. In the event of a --------------------------------- transfer by Landlord of the Property or of Landlord’s 's interest as Landlord under this Lease, Landlord’s 's successor or assign shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s 's successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or Landlord’s 's successor or assign, Tenant shall attorn to such successor or assign.

Appears in 1 contract

Samples: Agreement of Lease (Yurie Systems Inc)

Release upon Transfer by Landlord. In the event of a transfer by --------------------------------------- Landlord of the Property or of Landlord’s 's interest as Landlord under this Lease, Landlord’s 's successor or assign assignee shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s 's successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or Landlord’s 's successor or assign, Tenant shall attorn to such successor or assign.

Appears in 1 contract

Samples: Lease (Carrier Access Corp)

Release upon Transfer by Landlord. In the event of a transfer by Landlord of the Property Demised Premises or of Landlord’s 's interest as Landlord under this Lease, Landlord’s 's successor or assign shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s 's successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or Landlord’s 's successor or assign, Tenant shall attorn to such successor or assign.

Appears in 1 contract

Samples: Asset Purchase Agreement (Acr Group Inc)

Release upon Transfer by Landlord. In the event of a transfer by Landlord of the Property or of Landlord’s interest as Landlord under this Lease, Landlord’s successor or assign shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; : that Tenant shall thereafter look solely to Landlord’s successor or assign for satisfaction of the obligations of Landlord under this Lease, except for those which matured prior to such transfer; and that, upon demand by Landlord or Landlord’s successor or assign, Tenant shall attorn to such successor or assign.

Appears in 1 contract

Samples: Lease (Gc Net Lease Reit, Inc.)

Release upon Transfer by Landlord. In the event of a transfer by Landlord of the Property Premises or of Landlord’s interest as Landlord landlord under this Lease, Landlord’s successor or assign shall will take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that (a) Landlord and its Related Parties shall will be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; (b) that Tenant shall will thereafter look solely to Landlord’s successor or assign for satisfaction of the obligations of Landlord under this Lease; and (c) that, upon demand by Landlord or Landlord’s successor or assign, Tenant shall will attorn to such successor or assignsuccessor.

Appears in 1 contract

Samples: Industrial Lease Agreement (Paragon 28, Inc.)

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Release upon Transfer by Landlord. In the event of a transfer by Landlord of the Property or of Landlord’s 's interest as Landlord under this Lease, Landlord’s 's successor or assign shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s 's successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or Landlord’s 's successor or assign, Tenant shall attorn to such successor or assign.

Appears in 1 contract

Samples: Lease Agreement (Hypertension Diagnostics Inc /Mn)

Release upon Transfer by Landlord. In the event of a transfer Transfer by Landlord of the Property or of Landlord’s interest as Landlord under this Lease, LandlordLxxxxxxx’s successor or assign assignee shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer Transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or LandlordLxxxxxxx’s successor or assign, Tenant shall attorn to such successor or assign.

Appears in 1 contract

Samples: Lease Agreement (AeroGrow International, Inc.)

Release upon Transfer by Landlord. In the event of a transfer by Landlord of the Property or of Landlord’s 's interest as Landlord under this Lease, Landlord’s 's successor or assign assignee shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s 's successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or Landlord’s 's successor or assign, Tenant shall attorn to such successor or assign.

Appears in 1 contract

Samples: Lease (Spectralink Corp)

Release upon Transfer by Landlord. In the event of a transfer by Landlord of the Property or of Landlord’s 's interest as Landlord under this Lease, Landlord’s 's successor or assign shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that agrees, but solely to the extent Landlord’s successor or assign has expressly assumed such obligations, that: Landlord and its Related Parties shall be released from all obligations of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s 's successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or Landlord’s successor or assign, that Tenant shall attorn to such successor or assign, and provided that Tenant has received a commercially reasonable form of Subordination, Non-Disturbance and Attornment Agreement.

Appears in 1 contract

Samples: Lease (Immucor Inc)

Release upon Transfer by Landlord. In the event of a transfer by Landlord of the Property or of a Landlord’s interest as Landlord under this Lease, Landlord’s successor or assign shall take subject to and be bound by this Lease and and, in such event, Tenant covenants and agrees that that: Landlord and its Related Parties shall be released from all obligations obligation of Landlord under this Lease, except obligations which arose and matured prior to such transfer by Landlord; that Tenant shall thereafter look solely to Landlord’s successor or assign for satisfaction of the obligations of Landlord under this Lease; and that, upon demand by Landlord or Landlord’s successor or assign, that Tenant shall attorn to such successor or assign.

Appears in 1 contract

Samples: Net Lease (TopBuild Corp)

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