Common use of Sale of Landlord’s Interest Clause in Contracts

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building and the Center, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 13 contracts

Samples: Sublease (Revolution Medicines, Inc.), Sublease (OncoMed Pharmaceuticals Inc), Sublease (OncoMed Pharmaceuticals Inc)

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Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building Buildings and the CenterReal Property, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 4 contracts

Samples: Sublease (Natera, Inc.), Sublease (Natera, Inc.), Built to Suit Lease (Nektar Therapeutics)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s 's entire interest in the Building and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 3 contracts

Samples: Build to Suit Lease (Pharmacopeia Inc), Build to Suit Lease (Pharmacopeia Inc), Build to Suit Lease (Pharmacopeia Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building Improvements and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment, except as otherwise expressly provided in Section 21.2 hereof.

Appears in 3 contracts

Samples: Sublease (Macrogenics Inc), Sublease (Five Prime Therapeutics Inc), Sublease (Five Prime Therapeutics Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s 's entire interest in the Building Buildings and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment, except as otherwise expressly provided in Section 21.2 hereof.

Appears in 2 contracts

Samples: Sublease (Prothena Corp PLC), Build to Suit Lease (Tularik Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s 's entire interest in the Building Buildings and the CenterReal Property, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 2 contracts

Samples: Built to Suit Lease (BioMed Realty Trust Inc), Built to Suit Lease (BioMed Realty Trust Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building Buildings and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment, except as otherwise expressly provided in Section 21.2 hereof.

Appears in 2 contracts

Samples: Sub Sublease (Assembly Biosciences, Inc.), Sublease (NGM Biopharmaceuticals Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of --------------------------- Landlord’s 's entire interest in the Building Improvements and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment, except as otherwise expressly provided in Section 21.2 hereof.

Appears in 2 contracts

Samples: Build to Suit Lease (Tularik Inc), Build to Suit Lease (Tularik Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 2 contracts

Samples: Lease (Macrogenics Inc), Lease Agreement (Exelixis Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building and the CenterCenter and the assumption of Landlord’s obligations under this Lease by the purchaser, transferee or assignee, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 2 contracts

Samples: Lease (Portola Pharmaceuticals Inc), Lease (Portola Pharmaceuticals Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building and portion(s) of the Center, Center on which the Premises are located. Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Portola Pharmaceuticals Inc), Asset Purchase Agreement (Portola Pharmaceuticals Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s 's entire interest in the Building and portion(s) of the Center, Center on which the Premises are located. Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 2 contracts

Samples: Collaboration and Facilities Agreement (Cytokinetics Inc), Collaboration and Facilities Agreement (Cytokinetics Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s 's entire interest in the Building Buildings and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 2 contracts

Samples: Build to Suit Lease (Rigel Pharmaceuticals Inc), Build to Suit Lease (Inhale Therapeutic Systems Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building and the Center, subject to the provisions of Section 17.2 below, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 1 contract

Samples: Lease (OMNICELL, Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s Xxxxxxxx's entire interest in the Initial Building and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 1 contract

Samples: Build to Suit Lease (Sugen Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of --------------------------- Landlord’s 's entire interest in the Building Buildings and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 1 contract

Samples: Build to Suit Lease (Exelixis Inc)

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Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building and Property and the Centerwritten assumption of this Lease in writing by such transferee, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 1 contract

Samples: Lease (Acologix, Inc.)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s 's entire interest in the Building and the Center, Property. Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment. Nothing contained in this Section 17.2 shall be deemed, however, to relieve Landlord of liability for any liability arising prior to such sale, transfer or assignment.

Appears in 1 contract

Samples: Build to Suit Lease (Cytokinetics Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building and portion(s) of the CenterCenter on which the Premises are located, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 1 contract

Samples: Sub Sublease (Cytokinetics Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of --------------------------- Landlord’s 's entire interest in the Building and portion(s) of the CenterCenter on which the Premises are located, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 1 contract

Samples: Lease (Cor Therapeutics Inc / De)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s 's entire interest in the Building and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment, but only if and to the extent that the transferee expressly assumes in writing, for the benefit of Tenant, Landlord's obligations under this Lease from and after the date of such sale, transfer or assignment.

Appears in 1 contract

Samples: Lease Agreement (Ribogene Inc / Ca/)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s 's entire interest in the Building and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 1 contract

Samples: Lease Agreement (Pain Therapeutics Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s 's entire interest in the Building Premises and assumption by the Centerbuyer, transferee or assignee of all of Landlord's obligations under this lease, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 1 contract

Samples: Real Property Lease (Majestic Companies LTD)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s 's entire interest in the Building and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment; provided, however, in the event of a voluntary sale by Landlord, such termination of liability shall be effective only if the purchaser expressly assumes in writing the obligations of Landlord under this Lease accruing on or after the effective date of the sale.

Appears in 1 contract

Samples: Lease (Ribogene Inc / Ca/)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building Buildings and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 1 contract

Samples: Lease Agreement (Exelixis Inc)

Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s 's entire interest in the Building building and the CenterProperty, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.

Appears in 1 contract

Samples: Lease Agreement (Consumer Net Marketplace Inc)

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