Common use of Subsequent Transfer Clause in Contracts

Subsequent Transfer. If Administrative Agent, by succeeding to the interest of Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s interest by Administrative Agent, all of such obligations shall terminate as to Administrative Agent.

Appears in 6 contracts

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

AutoNDA by SimpleDocs

Subsequent Transfer. If Administrative AgentAgent or Lenders, by succeeding to the interest of Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s interest by Administrative AgentAgent or Lenders, all of such obligations shall terminate as to Administrative AgentAgent and Lenders.

Appears in 3 contracts

Samples: Lease Agreement (Veracyte, Inc.), Lease Agreement (Veracyte, Inc.), Lease Agreement (Veracyte, Inc.)

Subsequent Transfer. If Administrative Agent, by succeeding to the interest of Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s interest by Administrative AgentAgent where such transferee succeeds to the interest of Lessor under the Lease, all of such obligations obligations, to the extent accruing from and after the date of such transfer, shall terminate as to Administrative Agent.; and

Appears in 2 contracts

Samples: Office Lease (Yelp Inc), Office Lease (Yelp Inc)

Subsequent Transfer. If Administrative Agent, by succeeding to the interest of Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s interest by Administrative Agent, all of such obligations shall terminate as to Administrative AgentAgent and such further transferee shall be deemed to assume the covenants and obligations of Lessor thereafter pursuant to Section 34 of the Lease.

Appears in 1 contract

Samples: Lease (Aveo Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Subsequent Transfer. If Administrative Agent, by succeeding to the interest of Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s 's interest by Administrative Agent, all of such obligations shall terminate as to Administrative Agent.

Appears in 1 contract

Samples: Lease Agreement (ShoreTel Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!