Common use of Sale or Transfer of Premises Clause in Contracts

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the premises, Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease if Landlord's successor has assumed in writing, for the benefit of Tenant, Landlord's obligations under this Lease. If any security deposit or prepaid rent has been paid by Tenant, Landlord can transfer the security deposit or prepaid rent to Landlord's successor and on such transfer Landlord shall be discharged from any further liability in reference to the security deposit or prepaid rent.

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the premisesPremises, Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease if Landlord's ’s successor has assumed in writing, for the benefit of Tenant, Landlord's ’s obligations under this Lease. If any security deposit or prepaid rent has been paid by Tenant, Landlord can transfer the security deposit or prepaid rent to Landlord's ’s successor and on such transfer Landlord shall be discharged from any further liability in reference to the security deposit or prepaid rent.

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the premisesPremises, and the purchaser or other transferee assumes Landlord's obligations under this Lease from and after the date of such sale or transfer in writing, Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease if Landlord's successor has assumed in writing, for the benefit of Tenant, Landlord's obligations under this Lease. If any security deposit or prepaid rent has been paid by Tenant, Landlord can shall transfer the security deposit or and/or prepaid rent to Landlord's successor successor-in-interest and on such transfer Landlord shall be discharged from any further liability in reference to arising from the security deposit or prepaid rent.

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the premisesPremises, Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease if as to the portion of the Premises sold or transferred, except for the actions of Landlord or Landlord's successor has assumed Representatives occurring prior to the date of such consummation and this Lease shall remain in writing, for the benefit of Tenant, Landlord's obligations under this Leasefull force and effect. If any security deposit or prepaid rent has been paid by Tenant, Landlord can shall transfer the security deposit or unused portion of the Security Deposit and/or prepaid rent to Landlord's successor successor-in-interest and on such transfer Landlord shall be discharged from any further liability in reference to arising from the security deposit Security Deposit or prepaid rent.

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the premisesPremises, Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease if Landlord's successor has assumed in writing, for the benefit of Tenant, Landlord's obligations under this Lease, except for the actions of Landlord or Landlord's Representatives occurring prior to the date of such consummation. If any security deposit or prepaid rent has been paid by Tenant, Landlord can may transfer the security deposit or and/or prepaid rent to Landlord's successor successor-in-interest and on such transfer Landlord shall be discharged from any further liability in reference to arising from the security deposit or prepaid rent.

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the premisesBuilding and/or Property, Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease if Lease, provided Landlord's successor has assumed assumed, in writing, writing for the benefit of Tenant, all of Landlord's obligations under this Lease. If any security deposit or prepaid rent has been paid by Tenant, Landlord can transfer the security deposit or prepaid rent to Landlord's successor and on such transfer Landlord shall be discharged from any further liability in reference to the security deposit or prepaid rent.

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the premisesPremises or the Property, Landlord, then on consummation of the sale or transfer, Landlord shall be released from any liability thereafter accruing under this Lease if Landlord's successor Lease. If any Security Deposit or Prepaid Rent has assumed in writing, for the benefit of been paid by Tenant and not applied toward Tenant, Landlord's obligations under this Lease. If any security deposit Lease as of the time of such sale or prepaid rent has been paid by Tenanttransfer, then Landlord can shall transfer the security deposit unapplied Security Deposit or prepaid rent to Prepaid Rent To Landlord's successor and on such transfer thereupon be discharged from further liability with respect thereto. The obligations contained in this Lease to be performed by Landlord shall be discharged from any further liability in reference to the security deposit or prepaid rentbinding on Landlord's successors and assigns during their respective periods of ownership.