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Common use of SALE BY LANDLORD Clause in Contracts

SALE BY LANDLORD. In the event of any sale or other transfer of Landlord's interest in the Building, other than a transfer for security purposes only, Landlord shall be automatically relieved of any and all obligations and liabilities on the part of Landlord accruing from and after the date of such transfer.

Appears in 3 contracts

Samples: Office Lease (Vestin Group Inc), Office Lease (Vestin Group Inc), Office Lease (Vestin Group Inc)

SALE BY LANDLORD. In the event of any sale or other transfer of Landlord's interest in the Building, other than a transfer for security purposes only, and except for all deposits made to Landlord, Landlord shall be automatically relieved of any and all obligations and liabilities on the part of Landlord accruing from and after the date of such transfer.

Appears in 2 contracts

Samples: Lease Agreement (CLS Holdings USA, Inc.), Lease Agreement (CLS Holdings USA, Inc.)

SALE BY LANDLORD. In the event of any sale or other transfer of Landlord's ’s interest in the Building, other than a transfer for security purposes only, Landlord shall be automatically relieved of any and all obligations and liabilities on the part of Landlord accruing from and after the date of such transfer.

Appears in 1 contract

Samples: Office Lease (Vestin Fund Iii LLC)

SALE BY LANDLORD. In the event of any sale or other transfer of Landlord's ’s interest in the Building, other than a transfer for security purposes only, and except for all deposits made to Landlord, Landlord shall be automatically relieved of any and all obligations and liabilities on the part of Landlord accruing from and after the date of such transfer.

Appears in 1 contract

Samples: Lease Agreement (CLS Holdings USA, Inc.)

SALE BY LANDLORD. In the event of any sale or other transfer of Landlordlandlord's interest in the Building, other than a transfer for security purposes only, Initials Landlord ___________ Tenant _____________ Landlord shall be automatically relieved of any and all obligations and liabilities on the part of Landlord accruing from and after the date of such transfer.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Direct Focus Inc)

SALE BY LANDLORD. In the event of any sale or other transfer of Landlord's ’s interest in the Building, the Project, or both, other than a transfer for security purposes only, Landlord shall be automatically relieved of any and all obligations and liabilities on the part of Landlord accruing from and after the date of such transfer. Notwithstanding the following in the event of a sale the new owner shall assume all lease obligations under this Lease.

Appears in 1 contract

Samples: Office Lease (Reel Estate Services Inc.)