SALE BY LESSOR. In the event of a sale or conveyance by Lessor of the building containing the Premises, such sale or conveyance shall operate to release Lessor from any future liability upon any of the covenants or conditions, express or implied, herein contained in favor of Lessee, and in such event Lessee agrees to look solely to the responsibility of the successor in interest of Lessor in and to this Lease. This Lease shall not be affected by any such sale, and the Lessee agrees to attorn to the purchaser or assignee.
SALE BY LESSOR. 23.01 Upon Lessor's sale or conveyance of the Project or the building of which the Premises are a part, Lessor shall be released from any liability upon any of the covenants or conditions, expressed or implied, herein contained in favor of Lessee, and in such event Lessee agrees to look solely to the successor in interest of Lessor. This Lease will not be affected by any such sale, and Lessee agrees to attorn to the purchaser or assignee.
SALE BY LESSOR. In the event of a sale or conveyance by Lessor of the Building, the same shall operate to release Lessor from any future liability upon any of the covenants or conditions, express or implied, herein contained in favor of Lessee, and in such event Lessee agrees to look solely to the responsibility of the successor in interest of Lessor in and to this Lease. If any security be given by Lessee to secure the faithful performance of all or any of the covenants of this Lease on the part of Lessee, Lessor may transfer and/or deliver the security, as such, to the successor in interest of Lessor, and thereupon Lessor shall be discharged from any further liability in reference thereto. Except as set forth in this Section 18.12 this Lease shall not be affected by any such sale or conveyance.
SALE BY LESSOR. In the event of a sale or conveyance by LESSOR of all or part of the Leased Premises, the same shall operate to release LESSOR from any future liability upon any of the covenants or conditions, express or implied, herein contained in favor of LESSEE, and in such event LESSEE agrees to look solely to the responsibility of the successor in interest of LESSOR in and to this lease. This lease shall not be affected by any such sale, and LESSEE agrees to attorn to the purchaser or assignee. LESSEE agrees to permit LESSOR, at any time within 60 days prior to the expiration of this lease, to place upon or in the window of the leased premises any usual or ordinary For Rent or similar sign and to allow prospective tenants, applicants or agents of LESSOR to enter and examine the Leased Premises during the last 60 days of the term hereof, and to permit LESSOR or LESSOR’s agents, at any time during the term hereof, to conduct prospective purchasers through the Leased Premises during reasonable business hours.
SALE BY LESSOR. In the event Lessor shall sell, assign, convey or transfer all or a part of its interest in the Building or any part of the Property, Lessee agrees to attorn to such transferee, assignee or new owner, and upon consummation of such sale, conveyance or transfer, Lessor shall automatically be freed and relieved from all liability and obligations accruing or to be performed from and after the date of such sale, transfer or conveyance. Lessor shall have the right to subdivide the Property into separate legal lots or parcels and, without materially and adversely affecting the obligations of Lessee, the right to reallocate and adjust the rights, duties and obligations of Lessor and Lessee hereunder so that, as between Lessor and Lessee, those rights, duties and obligations relate only to the lots or parcels on which the Building is located and on which sufficient parking facilities are located to comply with Lessor's obligations under this Lease. To the extent that those rights, duties and obligations cannot be equitably allocated to only one lot or parcel, Lessor may elect to record a reciprocal easement agreement appurtenant to the Building. If Lessor records such an agreement, Lessee shall subordinate this Lease to that agreement.
SALE BY LESSOR. In the event Lessor shall sell, assign, convey or transfer all or a part of its interest in the Building or any part of the Property, Lessee agrees to attorn to such transferee, assignee or new owner, and upon consummation of such sale, conveyance or transfer, Lessor shall automatically be freed and relieved from all liability and obligations accruing or to be performed from and after the date of such sale, transfer or conveyance. Initials:____ ____ In the event of such sale, assignment, transfer or conveyance, Lessor shall transfer to such transferee, assignee or new owner of the Property the balance of the Deposit, if any, remaining after lawful deductions and in accordance with California Civil Code Section 1950.7, after notice to Lessee, and Lessor shall thereupon be relieved of all liability with respect to the Deposit. Lessor shall have the right to subdivide the Property into separate legal lots or parcels and, without materially and adversely affecting the obligations of Lessee, the right to reallocate and adjust the rights, duties and obligations of Lessor and Lessee hereunder so that, as between Lessor and Lessee, those rights, duties and obligations relate only to the lots or parcels on which the Building is located and on which sufficient parking facilities are located to comply with Lessor's obligations under this Lease. To the extent that those rights, duties and obligations cannot be equitably allocated to only one lot or parcel, Lessor may elect to record a reciprocal easement agreement appurtenant to the Building. If Lessor records such an agreement, Lessee shall subordinate this Lease to that agreement.
SALE BY LESSOR. In the event of a sale by the Lessor of any portion or all its interest in the Lands, the Lessor shall thereafter be entirely relieved of the performance of all terms, covenants and obligations thereafter to be performed by the Lessor under this Lease, to the extent of the interest or portion so sold or transferred and it shall be deemed and construed without further agreement between the parties that the purchaser or transferee, as the case may be, has assumed and agreed to carry out any and all covenants of the Lessor hereunder.
SALE BY LESSOR. Subject to such transferee’s assumption in writing of all of Lessor’s obligations under this Lease, in the event of a sale or conveyance by Lessor of the Building, the same shall operate to release Lessor from any future liability upon any of the covenants or conditions, express or implied, herein contained in favor of Lessee, and in such event Lessee agrees to look solely to the responsibility of the successor in interest of Lessor in and to this Lease. If any security be given by Lessee to secure the faithful performance of all or any of the covenants of this Lease on the part of Lessee, Lessor may transfer and/or deliver the security, as such, to the successor in interest of Lessor, and thereupon Lessor shall be discharged from any further liability in reference thereto. Except as set forth in this Section 18.11 this Lease shall not be affected by any such sale or conveyance.
SALE BY LESSOR. Notwithstanding anything contained in this LEASE to the contrary, in the event of a sale or conveyance by LESSOR of the Premises or any portion thereof or in the event of an assignment of this LEASE by LESSOR, any such assignment, sale or conveyance shall automatically operate to release LESSOR from any future liability upon any of the terms, provisions, covenants or conditions, express or implied, herein contained in favor of LESSEE, provided that the purchaser of the Premises or assignee of this LEASE executes a non-disturbance agreement in favor of LESSEE and agrees to be bound by the terms of this LEASE and in such event LESSEE agrees to look solely to the successor in interest of LESSOR in and to this LEASE. This LEASE shall not be affected by any such sale, and LESSEE agrees to attorn to the purchaser or assignee.
SALE BY LESSOR. In the event of a sale or conveyance by Lessor of the Building and Lessor's site, the same shall operate to release Lessor from any future liability upon any of the covenants or conditions, expressed or implied, herein contained in favor of Lessee, and in such event Lessee agrees to look solely to the responsibility of the successor in interest of Lessor in and to this Lease. Except as set forth in this Paragraph, this Lease shall not be affected by any such sale, and Lessee agrees to attorn to the purchaser or assignee. If any security has been given by Lessee to secure the faithful performance of any of the covenants of this Lease, Lessor may transfer or deliver said security, as such, to Lessor's successor in interest and thereupon Lessor shall be discharged from any further liability with regard to said security, provided that any successor shall not be liable for such security unless such successor receives the same.
