Common use of Sale of the Property Clause in Contracts

Sale of the Property. If the original Landlord hereunder, or any successor owner of the Property, sells or conveys the Property, all liabilities and obligations on the part of the original Landlord, or such successor owner, under this Lease accruing after such sale or conveyance shall terminate and the original Landlord, or such successor owner, shall automatically be released therefrom, and thereupon all such liabilities and obligations shall be binding upon the new owner. Xxxxxx agrees to attorn to such new owner.

Appears in 4 contracts

Samples: Enhanced Use Lease (Bloom Energy Corp), Enhanced Use Lease (Bloom Energy Corp), Enhanced Use Lease (Bloom Energy Corp)

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Sale of the Property. If the original Landlord hereunder, or any successor owner of the Property, sells or conveys the Property, all liabilities and obligations on the part of the original Landlord, or such successor owner, under this Lease accruing after such sale or conveyance shall terminate and the original Landlord, or such successor owner, shall automatically be released therefrom, and thereupon all such liabilities and obligations shall be binding upon the new owner. Xxxxxx Tenant agrees to attorn to such new ownernxx xxxer.

Appears in 1 contract

Samples: Industrial Lease (Foster L B Co)

Sale of the Property. If the original Landlord hereunder, or any successor owner of the Property, sells or conveys the Property, all liabilities and obligations on the part of the original Landlord, or such successor owner, under this Lease accruing after such sale or conveyance shall terminate and the original Landlord, or such successor owner, shall automatically be released therefrom, and thereupon all such liabilities and obligations shall be binding upon the new owner. Xxxxxx Tenant agrees to attorn to such new owner.

Appears in 1 contract

Samples: Industrial Lease (Sanfilippo John B & Son Inc)

Sale of the Property. If the original Landlord hereunder, or any successor owner of the Propertypremises, sells or conveys the Propertypremises, all liabilities and obligations on the part of the original Landlord, or such successor owner, under this Lease lease accruing after such sale or conveyance shall terminate and the original Landlord, or such successor owner, shall automatically be released therefrom, therefrom and thereupon all such liabilities and obligations shall be binding upon the new owner. Xxxxxx Tenant agrees to attorn to such new owner.

Appears in 1 contract

Samples: Lease Agreement (Universal Beverages Holdings Corp)

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Sale of the Property. If the original Landlord hereunder, or any successor owner of the Property, sells or conveys the Property, all liabilities and obligations on the part of the original Landlord, or such successor owner, under this Lease accruing after such sale or conveyance shall terminate and the original Landlord, or such successor owner, shall automatically be released therefrom, and thereupon all such liabilities and obligations shall be binding upon the new owner. Xxxxxx , Tenant agrees to attorn to such new owner.

Appears in 1 contract

Samples: Sublease (Build a Bear Workshop Inc)

Sale of the Property. If the original Landlord hereunder, or any successor owner of the PropertyPremises, sells or conveys the PropertyPremises, all liabilities and obligations on the part of the original Landlord, or such successor owner, under this Lease accruing after such sale or conveyance shall terminate and the original Landlord, or such successor owner, shall automatically be released therefrom, and thereupon all such liabilities and obligations shall be binding upon the new owner, provided such new owner has assumed in writing all obligations of the original Landlord under this Lease. Xxxxxx Tenant agrees to attorn to such new owner.

Appears in 1 contract

Samples: Lease Agreement (Radyne Corp)

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