SALE OF THE PREMISES. In the event the Property is marketed to be sold by the Owner during the Term of this Agreement, the Agent: (check one)
SALE OF THE PREMISES. In the event the Property is marketed to be sold by the Owner during the Term of this Agreement, the Agent: (check one) ☐ - Shall have exclusive rights of representation under terms agreed upon in a separate listing agreement. ☐ - Shall not have any rights to sell the Property under any circumstance, terms, or conditions.
SALE OF THE PREMISES. In the event the Property is marketed to be sold by the Owner during the Term of this Agreement, the Agent: (check one) ☐ - Shall have exclusive rights of representation under terms agreed upon in a separate listing agreement. ☐ - Shall NOT have any rights to sell the Property under any circumstance, terms, or conditions. KEY-SAFE / LOCKBOX. The Owner: (check one) ☐ - Authorizes the use of a key-safe / lockbox to allow entry into the Property. ☐ - Does NOT authorize the use of a key-safe / lockbox to allow entry into the Property.
SALE OF THE PREMISES. The landlord agrees:
SALE OF THE PREMISES. In the event that the Premises is sold, transferred or otherwise conveyed, Landlord will give the Tenant notice of such conveyance and will transfer all of Landlord’s rights under this Lease to the new Landlord and/or Agent including prorated rents, last month’s rent, (if any) and security deposits as required by law, and upon such transfer Landlord and Landlord’s agent shall be released from all further obligation or liability in connection with this Lease Agreement. The new Landlord will receive an accounting of all moneys held or due and it shall be the new Landlord’s responsibility to convey such accounting to Tenants. Upon such sale, Tenant agrees to look solely to the successor Landlord for satisfaction of all claims relating to Landlord’s obligations hereunder, including for a return of any security deposit. Upon the transfer of title of the Premises to a subsequent owner, and subject to applicable Colorado law, Tenant agrees that Landlord and Landlord’s Agent shall be released from any further liability
SALE OF THE PREMISES. Owner shall have the power to terminate this Agreement upon the sale of the Premises (but not a pledge or mortgage) to a third party which is unaffiliated with Owner in a bona fide transaction, such termination to be effective as of the date of the sale. Owner shall use reasonable efforts to give Co-Manager not less than thirty (30) days’ written notice of such anticipated event.
SALE OF THE PREMISES. 20.1 Transfer of the premises from the Lessor pursuant to sale thereof shall not in any way affect the validity of this lease. It shall accordingly, upon registration of transfer of the premises into the name of the purchaser, remain of full factor and effect save that the purchaser shall be substituted as Lessor and acquired the rights and be liable to fulfil; all the obligations which the Lessor, as the Lessor, enjoyed against or liable to fulfil in favour of the Lessee in its use and enjoyment of the premises.
20.2 Nothing shall prevent the Lessor from advertising the premises as “for sale” or as “to let” as long as it does not disturb the Lessee in its use and enjoyment of the premises.
SALE OF THE PREMISES. Subject to the provisions of Article 11, if Landlord sells or conveys the Premises, such sale or conveyance shall release Landlord from any liability from and after such sale or conveyance upon any of the covenants or conditions, expressed or implied, contained in this Lease in favor of Txxxxx (to the extent such liability is expressly assumed by such transferee), and in such event, Txxxxx agrees to look solely to the successor-in-interest of Landlord in and to this Lease with respect to such liabilities that are incurred from and after such sale or conveyance. In the event Landlord enters into a purchase and sale agreement for the sale or conveyance of the Premises, in the event such purchaser is an entity engaged primarily in the business of research, development, manufacturing, sale, or marketing of a biopharmaceutical product (a “Pharma Competitor”), then the Pharma Competitor shall execute a non-disclosure and confidentiality agreement substantially in the form attached hereto as Exhibit F; provided, however, that Tenant shall negotiate in good faith in the event the Pharma Competitor wishes to deviate from the form attached as Exhibit F. Except as set forth in this Section 7.3, this Lease shall not be affected by any such sale or conveyance and Tenant agrees to attorn to the purchaser or assignee. Landlord shall transfer or deliver the Security Deposit to Landlord’s successor-in-interest and thereupon Landlord shall be discharged from any further liability with regard thereto.
SALE OF THE PREMISES a. Should NEWCO receive a bona fide offer to sell the Restaurant, or to sell all of the outstanding shares of stock of NEWCO or to sublet the premises or sell a majority interest in itself; the following shall transpire:
i. NEWCO shall give MANAGEMENT COMPANY written notice of the terms of any such offer.
ii. The MANAGEMENT COMPANY shall have a sixty (60) day period within which to purchase the Restaurant or sublet the Restaurant or purchase the majority interest upon the same terms and conditions as set forth in the third-party offer.
iii. If the MANAGEMENT COMPANY decides not to purchase the Restaurant or sublet the premises or sell the majority interest, or does not reply to NEWCO'S notice, NEWCO shall be free to sell the Restaurant, except that any sale shall include an obligation on the part of the purchaser to assume the obligations under this Agreement.
iv. Any internal share transfers among Xxxxx Xxxxxx, Xxxxx Xxxxxxx, Xxx Xxxxxxxxxxx and their families shall not be considered bona-fide offers to sell for the purpose of this paragraph.
SALE OF THE PREMISES. In the event of a sale or conveyance by Landlord (or any party comprising Landlord) of all or any part of the Premises, and notwithstanding anything contained in this Lease to the contrary, the same shall operate to release Landlord (or such party) from any and all future liability upon any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord (or such party) with respect to any liability of Landlord (or such party) accruing after such sale or conveyance.
