Common use of SALE OR TRANSFER OF PREMISES; LANDLORD’S RIGHT TO MORTGAGE Clause in Contracts

SALE OR TRANSFER OF PREMISES; LANDLORD’S RIGHT TO MORTGAGE. 24.1 Sale or Transfer by Landlord. If Landlord sells or transfers all or any portion of the Premises, or the Building, improvements and land of which the Premises are a part, then Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under the Lease, except for claims that accrued prior to the date of such transfer. If any security deposit or prepaid rent has been paid by Tenant, Landlord shall transfer the security deposit or prepaid rent to Landlord's successor and on such transfer Landlord shall be discharged from any further liability with respect thereto.

SALE OR TRANSFER OF PREMISES; LANDLORD’S RIGHT TO MORTGAGE. 24.1 Sale or Transfer by Landlord. If Landlord sells or transfers all or any portion of the Premises, or the Building, improvements and land of which the Premises are a part, then Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under the Lease, except for claims that accrued prior to the date of such transfer. If any security deposit or prepaid rent has been paid by Tenant, Landlord shall transfer the security deposit or prepaid rent to Landlord's ’s successor and on such transfer Landlord shall be discharged from any further liability with respect thereto.

SALE OR TRANSFER OF PREMISES; LANDLORD’S RIGHT TO MORTGAGE. 24.1 25.1 Sale or Transfer by Landlord. If Landlord sells or transfers all or any portion of the Premises, or the Building, improvements and land of which the Premises are a part, then Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under the Lease, except for claims that accrued prior to the date of such transfer. If any security deposit or prepaid rent has been paid by Tenant, Landlord shall transfer the security deposit or prepaid rent to Landlord's ’s successor and on such transfer Landlord shall be discharged from any further liability with respect thereto.