Common use of Sale of Premises by Landlord Clause in Contracts

Sale of Premises by Landlord. In the event of any sale of the Premises by the Landlord and the assignment of this Lease to the Purchaser, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder arising out of any act or omission occurring after the consummation of such sale.

Appears in 3 contracts

Samples: Lease Agreement (Social Capital Suvretta Holdings Corp. I), Lease Agreement (Social Capital Suvretta Holdings Corp. I), Lease Amendment (Details Inc)

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Sale of Premises by Landlord. In the event of any sale or exchange of the Leased Premises by the Landlord and the assignment by Landlord of this Lease to the Purchaser, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence or omission relating to the Leased Premises or this Lease occurring after the consummation of such salesale or exchange and assignment.

Appears in 1 contract

Samples: Management and Leasing Agreement (Gotham Golf Corp)

Sale of Premises by Landlord. In the event of any sale of the Premises by the Landlord and the assignment of this Lease to the PurchaserLandlord, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence or omission occurring after the consummation of such salesale provided that the purchaser expressly assumes in writing all obligations of Landlord hereunder.

Appears in 1 contract

Samples: Lease Agreement (Franklin Financial Network Inc.)

Sale of Premises by Landlord. In the event of any sale of the Premises or exchange by the Landlord of its interest in the Premises and the assignment by Landlord of this Lease to the Purchaser, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be entirely freed released and relieved of all liability under any and all of its covenants and obligations hereunder arising out of any act contained in or omission occurring derived from this Lease accruing after the consummation of such salesale or exchange and assignment.

Appears in 1 contract

Samples: Shopping Center Lease (North Valley Bancorp)

Sale of Premises by Landlord. In the event of any sale or exchange of the Premises Building of which the premises are a part by the Landlord and the assignment by Landlord of this Lease to the Purchaserlease, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this lease arising out of any act act, occurrence or omission relating to the premises or this lease occurring after the consummation of such salesale or exchange and assignment.

Appears in 1 contract

Samples: Lease Agreement (Medicode Inc)

Sale of Premises by Landlord. In the event of any sale or exchange of the Premises by the Landlord and the assignment by Landlord of this Lease to the Purchaser, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence or omission relating to the Premises or this Lease occurring after the consummation of such salesale or exchange and assignment, provided such purchaser or assignee shall expressly assume said covenants and obligations of Landlord.

Appears in 1 contract

Samples: Office Lease Agreement (Syntel Inc)

Sale of Premises by Landlord. In the event of any sale of the Premises by the Landlord and the assignment of this Lease to the PurchaserLandlord, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence, or omission of Landlord occurring after the consummation of such sale.; provided that the purchaser, at such sale or any subsequent sale of the Premises by written agreement

Appears in 1 contract

Samples: Sublease (Coinstar Inc)

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Sale of Premises by Landlord. In the event of any sale of the Premises by the Landlord and the assignment of this Lease to the PurchaserLandlord, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence or omission occurring after the consummation of such sale. Any such sale shall be subject to this Lease.

Appears in 1 contract

Samples: Shopping Center Lease (Franklin Financial Network Inc.)

Sale of Premises by Landlord. In the event of any a sale by Landlord of the Premises by the Landlord and the assignment of this Lease to the Purchaser, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be entirely freed and relieved released of all liability under any and all each of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence or omission occurring after the consummation of such sale; and the purchaser, at such sale or any subsequent sale of the Premises, shall be deemed without any further agreement between the parties or their successors in interest or between the parties and any successors in interest to have assumed and agreed to carry out any and all of the covenants and obligations of Landlord under this Lease.

Appears in 1 contract

Samples: Sublease (1st Pacific Bancorp)

Sale of Premises by Landlord. In the event of any sale sale, exchange or other conveyance of Landlord's interest in the Premises Development or any portion or portions thereof by the Landlord and the an assignment by Landlord of this Lease to the Purchaser, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence or omission relating to the Premises or this Lease occurring after the consummation of such sale, exchange or conveyance and assignment.

Appears in 1 contract

Samples: Multi Plex Theater Lease (Cinemastar Luxury Theaters Inc)

Sale of Premises by Landlord. In the event of any sale of the Premises by the Landlord and the assignment of this Lease to the Purchaser, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder arising out of any act or omission occurring after the consummation of such salesales.

Appears in 1 contract

Samples: Lease Agreement (Service Bancorp Inc)

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