SALE OR CONVEYANCE BY LANDLORD. In the event of a sale or conveyance of the Complex or any interest therein, by any owner of the reversion then constituting Landlord, the transferor shall thereby be released from any further liability upon any of the terms, covenants or conditions (express or implied) herein contained in favor of Tenant, and in such event, insofar as such transfer is concerned, Tenant agrees to look solely to the responsibility of the successor in interest of such transferor in and to the Complex and this Lease. This Lease shall not be affected by any such sale or conveyance, and Tenant agrees to attorn to the successor in interest of such transferor.
SALE OR CONVEYANCE BY LANDLORD. In the event of a sale or conveyance of the Premises or any interest therein, by any owner of the reversion then constituting Landlord, then, upon the written assumption of Landlord’s rights and obligations under this Lease, the transferor shall thereby be released from any further liability upon any of the terms, covenants or conditions (express or implied) herein contained in favor of Tenant, and in such event, insofar as such transfer is concerned, Tenant agrees to look solely to the responsibility of the successor in interest of such transferor in and to the Premises and this Lease for any obligations of Landlord first accruing after the date of such transfer, unless the successor in interest has also agreed in writing to assume any prior obligations of Landlord, in which event Tenant shall look to the successor in interest for any obligations of Landlord that may have accrued prior to as well as after said sale or conveyance by Landlord. This Lease shall not be affected by any such sale or conveyance, and Tenant agrees to attorn to the successor in interest of such transferor.
SALE OR CONVEYANCE BY LANDLORD. In the event of a sale or conveyance of the Premises or any interest therein, by any owner of the reversion then constituting Landlord, upon the written assumption of the obligations of the Landlord arising under this Lease from and after the date of the sale or conveyance, the transferor shall thereby be released from any further liability upon any of the terms, covenants or conditions (express or implied) herein contained in favor of Tenant, and in such event, insofar as such transfer is concerned, Tenant agrees to look solely to the responsibility of the successor in interest of such transferor in and to the Premises and this Lease. This Lease shall not be affected by any such sale or conveyance, and Tenant agrees to attorn to the successor in interest of such transferor as of the date of transfer.
SALE OR CONVEYANCE BY LANDLORD. In the event of a sale or conveyance of the Premises or the Complex or any interest therein by any owner of the reversion then constituting Landlord, upon written assumption by the successor in interest of the obligations and liabilities under this Lease, the transferor shall thereby be released from any then current and any further liability upon any of the terms, covenants or conditions (express or implied) herein contained in favor of Tenant, and in such event, insofar as such transfer is concerned, Tenant agrees to look solely to the responsibility of the successor in interest of such transferor in and to the Premises and this Lease. This Lease shall not be affected by any such sale or conveyance, and Tenant agrees to attorn to the successor in interest of such transferor. Notwithstanding anything to the contrary above, if Landlord sells or otherwise conveys its interest in the Premises or Complex, Landlord shall not be relieved of its obligations under the Lease, unless Landlord's successor in interest assumes, in writing, Landlord's obligations under the Lease.
SALE OR CONVEYANCE BY LANDLORD. In the event of a sale or conveyance of the Complex or any interest therein, by any owner then constituting all or part of Landlord, the transferor shall thereby be released from any liability for acts or events occurring after said transfer upon any of the terms, covenants or conditions (express or implied) herein contained in favor of Tenant. In such event, insofar as such transfer is concerned, Tenant agrees to look solely to the responsibility of the successor in interest of such transferor in and to the Complex and this Lease. This Lease shall not be affected by any such sale or conveyance, and Tenant agrees to attorn to the successor in interest of such transferor and the successor in interest shall assume Landlord's rights and obligations under this Lease.
SALE OR CONVEYANCE BY LANDLORD. In the event of a sale or conveyance of the Complex or any interest therein, by any owner of the reversion then constituting Landlord, the transferor shall thereby be released from any further liability upon any of the terms, convenants or conditions (express or implied) herein contained in favor of Tenant, and in such event, insofar as such transfer is concerned. Tenant agrees to look solely to the responsibility of the successor in interest of such transferor in and to the Complex and this Lease. This Lease shall not be affected by any such sale or conveyance, and Tenant agrees to attorn to the successor in interest of such transferor. In the event of a sale of the Premises by Landlord, Landlord shall deliver a copy of the assignment agreement to Tenant, and Landlord shall deliver the unapplied balance (if any) of the Security Deposit hereunder and any prepaid Rent to the purchaser/transferee as so stated in the assignment and/or estoppel statement.
SALE OR CONVEYANCE BY LANDLORD. On a transfer of all of Landlord's interest in the Building and Real Property and in this Lease, Landlord shall be released from all liability and obligations under this Lease that accrue after the effective date of transfer, subject to Section 5.12 and the following restrictions:
36.1 If Landlord assigns its interest in this Lease to a Lender as additional security, this assignment shall not release Landlord from its obligations under this Lease;
36.2 Landlord shall not be released from its obligations or liabilities under this Lease that accrue before the date of transfer; and
36.3 The transferee must agree in writing to assume and perform all of obligations of Landlord under this Lease from and after the effective date of the transfer.
SALE OR CONVEYANCE BY LANDLORD. 28.1 If Landlord, at any time, sells, conveys, transfers or otherwise divests itself or is divested of Landlord’s interest (“transfer”) in the Premises, other than a transfer for security purposes only, Landlord shall be relieved of all obligations and liabilities hereunder, provided the transferee assumes, in a written instrument for the benefit of Tenant, all obligations and liabilities hereunder. Any Security Deposit or other funds of Tenant then being held by Landlord shall be delivered to Landlord’s successor. The obligations to be performed by Landlord hereunder shall be binding on Landlord’s successors and assigns only during their respective periods of ownership.
SALE OR CONVEYANCE BY LANDLORD. In the event of a sale or conveyance of the Complex or any interest therein, by any owner of the reversion then constituting Landlord, the transferor shall thereby be released from any further liability upon any of the terms, covenants or conditions (express or implied) herein contained in favor of Tenant, and in such event, insofar as such transfer is concerned, Tenant agrees to look solely to the responsibility of the successor in interest of such transferor in and to the Complex and this Lease. After the date of any such transfer, the term “Landlord” as used herein shall mean the applicable transferee of such interest in the Premises. This Lease shall not be affected by any such sale or conveyance, and Tenant agrees to attorn to the successor in interest of such transferor.
SALE OR CONVEYANCE BY LANDLORD. In the event of a sale or conveyance by Landlord of the Premises, the same shall operate to release Landlord from any future liability on any of the covenants or conditions, express or implied, herein contained in favor of Xxxxxx, provided said transferee agrees to abide by and to perform all of the obligations of Landlord under this lease subsequent to such transfer, and in such event, Xxxxxx agrees to look solely to the responsibility of the successor in interest of the Landlord in and to this lease. Notwithstanding anything to the contrary provided in this Lease, it is specifically understood and agreed by Landlord and Tenant that there shall be absolutely no personal liability on the part of Landlord, or its successor, or any partners, shareholders, beneficiaries, employees, or officers of Landlord, or its successor, with respect to any of the terms, conditions and covenants of this Lease, and that Tenant shall look solely to the interest of Landlord in the Building for the satisfaction of each and every remedy of Tenant in the event of any breach by Landlord of any terms, conditions and covenants of this Lease to be observed or performed by Landlord.
