Common use of Sale of Premises Clause in Contracts

Sale of Premises. In the event of any sale or transfer of the Premises (and provided that any unapplied portion of the security deposit held by the seller, transferor or assignor (collectively, “Seller”) is delivered or credited to the purchaser, transferee or assignee (collectively, “Purchaser”)), the Seller shall be and hereby is entirely freed and relieved of all agreements, covenants and obligations of Landlord thereafter to be performed and it shall be deemed and construed without further agreement between the parties or their successors in interest or between the Seller and the Purchaser on any such sale, transfer or assignment that such Purchaser has assumed and agreed to carry out any and all agreements, covenants and obligations of Landlord hereunder.

Sale of Premises. In the event of any sale or transfer of the Premises (and provided that any unapplied portion of the security deposit held by the seller, transferor or assignor (collectively, “"Seller”") is delivered or credited to the purchaser, transferee or assignee (collectively, “"Purchaser”)"), the Seller shall be and hereby is entirely freed and relieved of all agreements, covenants and obligations of Landlord thereafter to be performed and it shall be deemed and construed without further agreement between the parties or their successors in interest or between the Seller and the Purchaser on any such sale, transfer or assignment that such Purchaser has assumed and agreed to carry out any and all agreements, covenants and obligations of Landlord hereunder. 21.

Sale of Premises. In the event of any sale or transfer of the Premises (and provided that any unapplied portion of the security deposit held by the seller, transferor or assignor (collectively, “"Seller”") is delivered or credited to the purchaser, transferee or assignee (collectively, “"Purchaser”)"), the Seller shall be and hereby is entirely freed and relieved of all agreements, covenants and obligations of Landlord thereafter to be performed and it shall be deemed and construed without further agreement between the parties or their successors in interest or between the Seller and the Purchaser on any such sale, transfer or assignment that such Purchaser has assumed and agreed to carry out any and all agreements, covenants and obligations of Landlord hereunder.

Sale of Premises. In the event of any sale or transfer of the Premises (and provided that any unapplied portion of the security deposit held by the Landlord as seller, transferor or assignor (collectively, “"Seller”") is delivered or credited to the any purchaser, transferee or assignee (collectively, “"Purchaser”)"), the Seller shall be and hereby is entirely freed and relieved of all agreements, covenants and obligations of Landlord thereafter to be performed performed, except to the extent of any security deposit which is not delivered by the Seller to the Purchaser, and it shall be deemed and construed without further agreement between the parties or their successors in interest or between the Seller and the Purchaser on in any such sale, transfer or assignment assignment, that such Purchaser has assumed and agreed to carry out any and all agreements, covenants and obligations of Landlord hereunder.