Common use of Sale-Leaseback Clause in Contracts

Sale-Leaseback. In no event shall the acquisition of Landlord’s interest in the Property by a purchaser which, simultaneously therewith, leases Landlord’s entire interest in the Property back to the seller thereof be treated as an assumption, by operation of law or otherwise, of Landlord’s obligations hereunder, but Tenant shall look solely to such seller-lessee, and its successors from time to time in title, for performance of Landlord’s obligations hereunder. For all purposes, such seller-lessee, and its successors in title, shall be the Landlord hereunder unless and until Landlord’s position shall have been assumed by such purchaser-lessor.

Sale-Leaseback. In no event shall the acquisition of Landlord’s 's interest in the Property by a purchaser which, simultaneously therewith, leases Landlord’s 's entire interest in the Property back to the seller thereof be treated as an assumption, by operation of law or otherwise, of Landlord’s 's obligations hereunder, but Tenant shall look solely to such seller-lessee, and its successors from time to time in title, for performance of Landlord’s 's obligations hereunder. For all purposes, such seller-lessee, and its successors in title, shall be the Landlord hereunder unless and until Landlord’s 's position shall have been assumed by such purchaser-lessor.