Sale of Leased Property. If Landlord or any subsequent owner of the Leased Property sells the Leased Property, its liability for the performance of its agreements in this Lease will end on the date of the sale of the Leased Property, and Tenant will look solely to the purchaser for the performance of those agreements. For purposes of this section, any holder of a mortgage or security agreement which affects the Leased Property at any time, and any landlord under any lease to which this Lease is subordinate at any time, will be a subsequent owner of the Leased Property when it succeeds to the interest of Landlord or any subsequent owner of the Leased Property.
Sale of Leased Property. If Landlord or any subsequent owner of the Leased Property sells the Leased Property, its liability for the performance of its agreements in this Lease will end on the date of the sale of the Leased Property, and Tenant will look solely to the purchaser for the performance of those agreements. Landlord shall remain liable to Tenant for any breach of this Lease by Landlord that occurs during the period of Landlord's ownership of the Leased Property. For purposes of this section, any holder of a mortgage or security agreement which affects the Leased Property at any time, and any landlord under any lease to which this Lease is subordinate at any time, will be a subsequent owner of the Leased Property when it succeeds to the interest of Landlord or any subsequent owner of the Leased Property.
Sale of Leased Property. (A) If the Leased Property is sold, Landlord will give Tenant in writing:
1. The name, address and phone number of the new landlord and where rent is to be paid, if known.
Sale of Leased Property. If NBU, at any time during the initial or any extended term of this Agreement, decides to sell, subdivide or rezone any of the Leased Property, the Tower or any part of NBU’s Surrounding Property utilized by COUNTY pursuant to this Agreement, to a purchaser other than COUNTY, NBU shall promptly notify COUNTY in writing, and such sale, subdivision or rezoning shall be subject to this Agreement and COUNTY’s rights hereunder. NBU shall not initiate or consent to any change in the zoning of the Leased Property or NBU’s Surrounding Property utilized by COUNTY pursuant to this Agreement or impose or consent to any other restriction that would prevent or limit COUNTY from using the Leased Property as set forth in this Agreement. NBU agrees not to sell, lease or use any areas of NBU’s Surrounding Property for the installation, operation or maintenance of other wireless communications facilities if NBU, in its sole discretion, determines that such installation, operation or maintenance will, with 100% certainty, interfere with COUNTY’s facilities or communications equipment as reflected by radio propagation tests performed by COUNTY in its reasonable discretion or by a third party at NBU’s direction and discretion. COUNTY and either NBU or NBU’s prospective purchaser shall share the cost of such third-party testing equally. If NBU determines in its sole discretion that the radio frequency propagation tests demonstrate levels of interference that are unacceptable, in accordance with accepted industry standards, NBU shall be prohibited from selling, leasing or using any areas of NBU’s Surrounding Property for purposes of any installation, operation or maintenance of any other wireless communications facility or equipment. NBU shall not be prohibited from the selling, leasing or use of any of NBU’s Surrounding Property for any other use. The provisions of this Section shall in no way limit or impair the obligations of NBU under Section 7.
Sale of Leased Property. 18.4 of the Lease is hereby amended to provide that each reference to "Tenant" in § 18.4 shall be deemed to read "Tenant and/or Subtenant".
Sale of Leased Property. Prior to the sale or conveyance by the District of any interest in the Leased Property, or any portion thereof, the District shall provide the Lessee written notice of such sale or conveyance, and in such event the Lessee agrees to look solely to the successor in interest of the District in and to the Leased Property, or portion thereof, as applicable with respect to any obligations of the District hereunder arising or accruing from and after the date of such sale or conveyance. The Lease shall not be affected by any such sale or conveyance. The District shall thereupon be released from all future liabilities and obligations under the Lease with respect to the Leased Property, or portion thereof, sold or conveyed in accordance with the terms hereof arising or accruing from and after the date of such sale or conveyance, and all such future liabilities and obligations shall thereupon be binding upon the successor owner or transferee, subject to the terms and conditions hereof. Such sale or conveyance shall not relieve the District of any obligations or liabilities arising or accruing prior to the date of such conveyance.
Sale of Leased Property. 27 Section 14.1. Sale of Leased Property. ............................................ 27 Section 14.2. Signs; Showing. ..................................................... 28
Sale of Leased Property. 21.5.1 In the event that Landlord elects to terminate this Lease upon consummation of the sale (a “Sale Transaction”) of all or substantially all of Landlord’s interest in the Leased Property by Landlord to a bona-fide third-party purchaser (a “Third-Party Purchaser”), and provided that this Lease is then in full force and effect and Tenant is not then in Default under this Lease, Landlord agrees that (a) the Required Variable Security Deposit Reserve Balances required under the Leases pursuant to Section 3.9 hereof shall each be reduced by an amount equal to 1.98% of each monthly Required Variable Security Deposit Reserve Balance amount set forth on Schedule 3.9 attached hereto, (b) the minimum and maximum Aggregate Total Facility Revenues threshold amounts upon which the Minimum Rent Lease Rate is based, as required by Section 3.2 hereof, shall each be reduced by an amount equal to 3.95% of each minimum and maximum Aggregate Total Facility Revenues threshold amount set forth on Exhibit B-1 attached hereto, and (c) the minimum and maximum levels of Aggregate Total Facility Revenues used to determine the then applicable Annual Capex Reserve Percentage that are set forth on Schedule 5.2 shall each be reduced by an amount equal to 3.95% of each minimum and maximum Aggregate Total Facility Revenues threshold amount set forth on Exhibit B-1 attached hereto. In the event that Landlord elects to assign its interests in this Lease in connection with a Sale Transaction, this Section 21.5 shall not apply to such assigned Lease or to Third-Party Purchaser, as successor “Landlord” under the assigned Lease, and, in such case, from and after the date of such assignment, this Section 21.5 shall be of no further force or effect and shall be null and void.
21.5.2 Notwithstanding anything contained herein to the contrary, Tenant’s right to the reductions described in Section 21.5.1 above shall not apply with respect to (a) the direct or indirect transfer of any ownership interests in Landlord, (b) the transfer of the Leased Property (or any portion thereof) to an Affiliated Person of Landlord, or (c) any transfer in connection with a foreclosure or deed-in-lieu of foreclosure with respect to a Facility Mortgage.
Sale of Leased Property. If Landlord or any subsequent owner of the Leased Property sells the Leased Property, its liability for the performance of its agreements in this Lease will end on the date of the sale of the Leased Property, and
Sale of Leased Property. 50 18.8 Assignment by Landlord................................................................. 50 ARTICLE 19:
