Common use of Sale of Premises by Landlord Clause in Contracts

Sale of Premises by Landlord. In the event of any sale of the Building or the property upon which the Building is located or any assignment of this Lease by Landlord (or a successor in title), the assignee or purchaser shall be deemed, without any further agreement between the parties, to have assumed and agreed to carry out any and all of the covenants and obligations of Landlord under this Lease, and shall be substituted as Landlord for all purposes from and after the sale or assignment: and Landlord (or such successor) shall automatically be entirely freed and relieved of all liability under any and all of Landlord’s covenants and obligations contained in this Lease or arising out of any act, occurrence, or omission occurring after such sale or assignment.

Sale of Premises by Landlord. In the event of any sale of the Building or the property upon which the Building is located or any assignment of this Lease by Landlord, Landlord (or a successor in title), the assignee or purchaser shall be deemed, without any further agreement between the parties, to have assumed and agreed to carry out any and all of the covenants and obligations of Landlord under this Lease, and shall be substituted as Landlord for all purposes from and after the sale or assignment: and Landlord (or such successor) shall automatically be is hereby entirely freed and relieved of all liability under any and all of Landlord’s covenants and obligations contained in or derived from this Lease or arising out of any act, occurrence, occurrence or omission occurring after such sale thereafter; but only upon the written agreement of the assignee or assignmentpurchaser to assume and agree to carry out any and all of the covenants and obligations of Landlord under this Lease.

Sale of Premises by Landlord. In the event of any sale of the Building or the property upon which the Building is located Premises or any assignment of this Lease by Landlord (or a successor in title), the assignee or purchaser shall be deemed, without any further agreement between the parties, to have assumed and agreed to carry out any and all of the covenants and obligations of Landlord under this Lease, and shall be substituted as Landlord for all purposes from and after the sale or assignment: , and Landlord (or such successor) shall automatically be entirely freed and relieved of all liability under any and all of Landlord’s 's covenants and obligations contained in this Lease or arising out of any act, occurrence, or omission occurring after such sale or assignment. Landlord shall deliver to its successor any Security Deposit and prepaid Rent received from Tenant under this Lease.

Sale of Premises by Landlord. In the event of any sale of the Building or the property upon which the Building is located or any assignment of this Lease by Landlord (or a successor in title), the assignee or purchaser shall be deemed, without any further agreement between the parties, to have assumed and agreed to carry out any and all of the covenants and obligations of Landlord under this Lease, and shall be substituted as Landlord for all purposes from and after the such sale or assignment: , and Landlord (or such successor) shall automatically then be entirely freed released and relieved discharged of all liability under any and all of Landlord’s 's covenants and obligations contained in this Lease or arising out of any act, occurrence, or omission occurring after such sale or assignment; provided, however, that Landlord shall transfer any portion of the Security Deposit then being held by Landlord to the successor.

Sale of Premises by Landlord. In the event of any sale of the Building or the property upon which the Building is located or any assignment of this Lease by Landlord (or a successor in title), the assignee or purchaser shall be deemed, without any further agreement between the parties, to have assumed and agreed to carry out any and all of the covenants and obligations of Landlord under this Lease, and shall be substituted as Landlord for all purposes from and after the sale or assignment: and Landlord (or such successor) shall automatically be entirely freed and relieved of all liability under any and all of Landlord’s 's covenants and obligations contained in this Lease or arising out of any act, occurrence, or omission occurring after such sale or assignment.