Common use of SALE OF LEASED PREMISES Clause in Contracts

SALE OF LEASED PREMISES. In the event of any sale of the Leased Premises, Landlord shall be and is hereby entirely freed and relieved of, all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission occurring after the consummation of such sale; and the purchaser, at such sale or any subsequent sale of the Leased Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of the Landlord under this Lease.

Appears in 2 contracts

Samples: Lease Agreement (MKS Instruments Inc), Lease Agreement (MKS Instruments Inc)

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SALE OF LEASED PREMISES. In the event of any sale of the Leased PremisesBuilding and Land, Landlord shall be and is hereby entirely freed and relieved of, all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission occurring after the consummation of such sale; and the purchaser, at such sale or any subsequent sale of the Leased Premises Building and Land shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of the Landlord under this Lease.

Appears in 1 contract

Samples: Lease Agreement (MKS Instruments Inc)

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SALE OF LEASED PREMISES. In the event of any the sale of the Leased Premises, Landlord shall be and is hereby entirely freed and relieved of, of all liability under any and all of its the covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission occurring after the consummation of such sale; and the . The purchaser, at such sale or any subsequent sale of the Leased Premises Premises, shall be deemed, without any further agreement agreements between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any each and all of the covenants and obligations of the Landlord under this Lease.

Appears in 1 contract

Samples: Lease Agreement

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