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

Sale of Landlord’s Interest. Upon any sale or conveyance of Landlord's interest in this Lease, and the assumption by the transferee of Landlord’s obligations arising under this Lease, Landlord shall be entirely relieved of all liability for Landlord's obligations under this Lease accruing thereafter, and the assignee or purchaser shall be deemed without any further agreement between the parties or their successors in interest to have assumed all of Landlord's obligations accruing after such conveyance.

Appears in 1 contract

Samples: Sublease Agreement

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Sale of Landlord’s Interest. Upon any sale or conveyance of Landlord's ’s interest in this Lease, and the assumption by the transferee of Landlord’s obligations arising under this Lease, Landlord shall be entirely relieved of all liability for Landlord's ’s obligations under this Lease accruing thereafter, and the assignee or purchaser shall be deemed without any further agreement between the parties or their successors in interest to have assumed all of Landlord's ’s obligations accruing after such conveyance.

Appears in 1 contract

Samples: Sublease Agreement

Sale of Landlord’s Interest. Upon any sale or conveyance of Landlord's ’s interest in this Lease, and the assumption by the transferee of Landlord’s obligations arising under this Lease, Landlord shall be entirely relieved of all a11 liability for Landlord's ’s obligations under this Lease accruing thereafter, and the assignee or purchaser shall be deemed without any further agreement between the parties or their successors in interest to have assumed all of Landlord's ’s obligations accruing after such conveyance. -.

Appears in 1 contract

Samples: Industrial Gross Lease (Lotus Pacific Inc)

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Sale of Landlord’s Interest. Upon any sale or conveyance of Landlord's Xxxxxxxx’s interest in this Lease, and the assumption by the transferee of Landlord’s obligations arising under this Lease, Landlord shall be entirely relieved of all liability for Landlord's ’s obligations under this Lease accruing thereafter, and the assignee or purchaser shall be deemed without any further agreement between the parties or their successors in interest to have assumed all of Landlord's ’s obligations accruing after such conveyance.

Appears in 1 contract

Samples: Sublease Agreement

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