Rights of Successors. All of the rights and obligations of the Parties under this Lease shall bind and inure to the benefit of their respective heirs, successors and assigns; provided, however, that nothing in this Section 17.9 shall be construed to limit or waive the provisions concerning restrictions on Transfer set forth in Article 9 hereof.
Rights of Successors. Subject to the applicable provisions of the SNDA with respect to the current First Mortgage, if any Mortgage is foreclosed, or Landlord’s interest under this Lease is conveyed or transferred in lieu of foreclosure, or if any Ground Lease is terminated:
(i) No person or entity which as the result of any of the foregoing has succeeded to the interest of Landlord in this Lease (any such person or entity being hereafter called a “Successor”) shall be liable for any default by Landlord or any other matter which occurred prior to the date such Successor succeeded to Landlord’s interest in this Lease, nor shall such Successor be bound by or subject to any offsets or defenses which Tenant may have against Landlord or any other predecessor in interest to such Successor.
(ii) Upon request of any Successor, Tenant will attorn to such Successor, as Landlord under this Lease, subject to the provisions of this Section 20(c) and Section 20(e), and will execute and deliver such instruments as may be necessary or appropriate to evidence such attornment within ten (10) days after receipt of a written request to do so.
(iii) No Successor shall be bound to recognize any prepayment by more than thirty (30) days of Base Rent, Additional Rent or Additional Rent Estimate.
(iv) No Successor shall be bound to recognize any amendment or modification of this Lease made without the written consent of the Mortgagee or Ground Lessor (as the case may be).
Rights of Successors. If any Mortgage is foreclosed, or Landlord’s interest under this Lease is conveyed or transferred in lieu of foreclosure, or if any Ground Lease is terminated:
(i) no person or entity which as the result of any of the foregoing has succeeded to the interest of Landlord in this Lease (any such person or entity being hereafter called a “SUCCESSOR”) shall be liable for any default by Landlord or any other matter which occurred prior to the date such Successor succeeded to Landlord’s interest in this Lease, nor shall any Successor be bound by or subject to any offsets or defenses which Tenant may have against Landlord or any other predecessor in interest to such Successor (provided further, however, that nothing herein shall be deemed to limit a Successor’s obligations under this Lease which are required to be performed from and after the date the Successor succeeds to Landlord’s interest hereunder).
(ii) upon request of any Successor, Tenant will attorn to the Successor, as Landlord under this Lease, subject to the provisions of this Section 23, and will execute and deliver such instruments as may be necessary or appropriate to evidence the attornment within twenty (20) days after receipt of a written request to do so.
(iii) no Successor shall be bound to recognize any prepayment by more than thirty (30) days of Base Rent, Additional Rent or Excess Expenses from the date when otherwise due hereunder.
Rights of Successors. Every successor trustee shall have all the title, rights, powers, privileges and duties conferred on or imposed upon the original trustee, without any conveyance or transfer. No successor trustee shall be responsible for any act or omission to act on the part of any previous trustee. Upon accepting the Trust, a Successor Trustee shall be substituted for and have the same rights and powers, discretionary or otherwise, as the original Trustee. A Successor Trustee shall be under no obligation to inquire into the acts or to examine the accounts of any prior Trustee and shall not be liable for acts, omissions or failures to account properly prior to qualification.
Rights of Successors. All of the rights and obligations under this Lease shall bind and inure to the benefit of the heirs, personal representatives, successors and assigns of the parties hereto.
Rights of Successors. The easements, restrictions, benefits and obligations hereunder shall create mutual benefits and servitudes running with the land. This Agreement shall bind and inure to the benefit of the parties hereto, their respective heirs, representatives, lessees, successors and assigns. The singular number includes the plural and the masculine gender includes the feminine and neuter. Notwithstanding any terms or conditions to the contrary, a successor-in-interest to Wal-Mart as to a portion, but not as to the whole, of Tract 1, shall be entitled to enforce only Sections 2.1, 2.3, 2.4 and 2.6 against Xxxxxx, and no other sections herein.
Rights of Successors. 30 23. HOLDOVER. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 24.
Rights of Successors. All rights and obligations under this Lease shall bind, and inure to the benefit of, the parties hereto and their successors and permitted assigns.
Rights of Successors. The benefits and obligations of the easement created hereunder shall constitute benefits and servitudes running with the land. This Agreement shall bind and inure to the benefit of the Owners, their respective heirs, representatives, xxxxxxx, successors and assigns.
Rights of Successors. 63 18.10 Amendments in Writing..........................................................................63 18.11
