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, the Building or the Property, then 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 agrees to transfer the security deposit or prepaid Rent to Landlord's successor, other than any portion of the security deposit applied or retained to compensate Landlord for any loss or damage which Landlord may have suffered as a result of Tenant's default, and thereupon Landlord shall be discharged from any further liability in reference thereto.

Sale or Transfer of Premises. If Landlord sells or transfers all or any ---------------------------- portion of the Premises, the Building or the Property, then Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease but not such liability as accrued prior to such sale, including without limitation with respect to Section 4.2 of this Lease. If any security deposit or prepaid Rent has been paid by Tenant, Landlord agrees to transfer the security deposit or prepaid Rent to Landlord's successor, successor other than any portion of the security deposit applied or retained to compensate Landlord for any loss or damage which that Landlord may have suffered as a result of Tenant's default, and thereupon thereupon, Landlord shall be discharged from any further liability in reference thereto.

Sale or Transfer of Premises. If Landlord sells or transfers all or any ---------------------------- portion of the Premises, the Building or the PropertyComplex, then 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 agrees to transfer the security deposit or prepaid Rent to Landlord's successor, other than any portion of the security deposit applied or retained to compensate Landlord for any loss or damage which Landlord may have suffered as a result of Tenant's defaultan Event of Default, and thereupon Landlord shall be discharged from any further liability in reference thereto.