Common use of Sale or Transfer of Premises Clause in Contracts

Sale or Transfer of Premises. If Landlord sells or transfers the Project (whether voluntarily or involuntarily), Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease. If any security deposit or prepaid rent has been paid by Tenant, Landlord may transfer the security deposit and/or prepaid rent to Landlord’s successor-in-interest and on such transfer Landlord shall be discharged from any further liability arising from the security deposit or prepaid rent.

Appears in 5 contracts

Samples: Modified Gross Office Lease, Lease Agreement (BeautyKind Holdings, Inc.), Office Lease Agreement (Adamis Pharmaceuticals Corp)

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Sale or Transfer of Premises. If Landlord sells or transfers the Project (whether voluntarily or involuntarily)Project, Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease. If any security deposit or prepaid rent has been paid by Tenant, Landlord may transfer the security deposit and/or prepaid rent to Landlord’s successor-in-interest and on such transfer Landlord shall be discharged from any further liability arising from the security deposit or prepaid rent.

Appears in 2 contracts

Samples: Standard Modified Gross Office Lease (Captiva Software Corp), Standard Modified Gross Office Lease (Bakbone Software Inc)

Sale or Transfer of Premises. If Landlord sells or transfers the Project (whether voluntarily or involuntarily), Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease, but only upon the transferee becoming liable for any such liability hereunder as Landlord. If any security deposit or prepaid rent has been paid by Tenant, Landlord may transfer the security deposit and/or prepaid rent to Landlord’s 's successor-in-interest and on such transfer Landlord shall be discharged from any further liability arising from the security deposit or prepaid rent.

Appears in 1 contract

Samples: Modified Gross Office Lease (Bridgepoint Education Inc)

Sale or Transfer of Premises. If Landlord sells or transfers the Project (whether voluntarily or involuntarily), Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease. If any security deposit or prepaid rent has been paid by Tenant, Landlord may transfer the security deposit and/or prepaid rent to Landlord’s 's successor-in-interest and on such transfer Landlord shall be discharged from any further liability arising from the security deposit or prepaid rent.

Appears in 1 contract

Samples: Office Lease Agreement (Adamis Pharmaceuticals Corp)

Sale or Transfer of Premises. If Landlord sells or transfers any portion of the Project (whether voluntarily or involuntarily)Premises, Landlord, on consummation of the sale or transfer, shall will be released from any liability thereafter accruing under this Lease. If any security deposit or prepaid rent has been paid by Tenant, Landlord may transfer the security deposit and/or prepaid rent to Landlord’s 's successor-in-interest and on such transfer Landlord shall will be discharged from any further liability arising from the security deposit or prepaid rent.

Appears in 1 contract

Samples: Lease Agreement (Cinemastar Luxury Theaters Inc)

Sale or Transfer of Premises. If Landlord sells or transfers any portion of the Project (whether voluntarily or involuntarily)Premises, Landlord, on consummation of the sale or transfertransfer and the assumption, in writing, by the transferee of Landlord's obligations hereunder, shall be released from any liability thereafter accruing under this Lease. If any security deposit or prepaid rent has been paid by Tenant, Landlord may shall transfer the security deposit and/or or prepaid rent to Landlord’s successor-in-'s successor in interest and on such transfer Landlord shall be discharged from any further liability arising from the security deposit or prepaid rent.

Appears in 1 contract

Samples: Single Tenant Fully Net Lease Agreement (Biogen Idec Inc)

Sale or Transfer of Premises. If Landlord sells or transfers the Project (whether voluntarily building or involuntarily), Landlordthe property, on consummation of the sale or transfer, Landlord shall be released from any liability thereafter accruing under this Lease. If any the security deposit or prepaid rent has been paid by Tenant, Landlord may can transfer the security deposit and/or or prepaid rent to Landlord’s successor-in-interest successor and on such transfer Landlord shall be discharged from any further liability arising from in reference to the security deposit or prepaid rent.

Appears in 1 contract

Samples: Lease Agreement

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Sale or Transfer of Premises. If Landlord sells or transfers the Project (whether voluntarily or involuntarily), Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease. If any security deposit or prepaid rent has been paid by Tenant, Landlord may transfer the security deposit and/or prepaid rent to Landlord’s successor-in-successor in interest and on such transfer Landlord shall be discharged from any further liability arising from the security deposit or prepaid rent.

Appears in 1 contract

Samples: Modified Gross Office Lease (Bumble Bee Capital Corp.)

Sale or Transfer of Premises. If Landlord sells or transfers the Project (whether voluntarily or involuntarily), Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease. If any security deposit or prepaid rent has been paid by Tenant, Landlord may will transfer the security deposit then held by Landlord and/or any unapplied prepaid rent to Landlord’s successor-in-successor in interest and on such transfer Landlord shall be discharged from any further liability arising from the security deposit or prepaid rent.

Appears in 1 contract

Samples: Office Lease (Lionbridge Technologies Inc /De/)

Sale or Transfer of Premises. If Landlord sells or transfers the Project (whether voluntarily or involuntarily), Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease. If any security deposit Security Deposit or prepaid rent Rent has been paid by Tenant, Landlord may transfer the security deposit Security Deposit and/or prepaid rent Rent to Landlord’s successor-in-interest 's successor‑in‑interest and on such transfer Landlord shall be discharged from any further liability arising from the security deposit Security Deposit or prepaid rentRent.

Appears in 1 contract

Samples: Office Lease Agreement (Evoke Pharma Inc)

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