Sale by School District. Nothing contained in this Agreement shall be deemed in any way to limit, restrict or otherwise affect the right of School District to sell, transfer, assign or convey all or any portion of the right, title and estate of School District in the Athletic Fields and in this Agreement; provided, however, that, except as provided in Section 8.4 or Section 8.5 below, in each such instance any such sale, transfer, assignment or conveyance shall be subject to this Agreement, and Licensee’s rights arising out of this Agreement shall not be affected or disturbed in any way by any such sale, transfer, assignment or conveyance. Any other provision of this Agreement to the contrary notwithstanding, each covenant, agreement or obligation of School District under this Agreement relating to the ownership or use of the Athletic Fields is intended to and shall constitute a covenant running with the title to the Athletic Fields and shall be binding upon any subsequent owner of the Athletic Fields. At such time as School District shall sell, transfer, assign or convey the entire right, title and estate of School District in the Athletic Fields and in this Agreement, all obligations and liability on the part of School District arising under this Agreement after the effective date of such sale, transfer, assignment or conveyance shall terminate as to School District, and thereupon all such liabilities and obligations shall be binding upon the transferee.
