Common use of Transfer by City Clause in Contracts

Transfer by City. If City sells or otherwise transfers the Premises, City shall be released from its obligations under this Lease arising on or after the date of such sale or transfer and Tenant shall look solely to the successor-in-interest to City. Upon a sale of the Premises by City, Tenant shall attorn to the purchaser or transferee, such attornment to be effective and self- operative without the execution of any further instruments on the part of the parties to this Lease. This Lease shall not be deemed to constitute any commitment by City, or create any priority or right in favor of Tenant, with regard to any future sale or other disposition of the Premises, or any portion thereof.

Appears in 2 contracts

Samples: Lease, Lease

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Transfer by City. If City sells or otherwise transfers the Premises, City shall be released from its obligations under this Lease hereunder arising on or after the date of such sale or transfer and Tenant Lessee shall look solely to the successor-in-interest to City. Upon a sale of the Premises by City, Tenant Lessee shall attorn to the purchaser or transferee, such attornment to be effective and self- operative without the execution of any further instruments on the part of the parties to this Lease. This Lease shall not be deemed to constitute any commitment by City, or create any priority or right in favor of TenantLessee, with regard to any future sale or other disposition of the Premises, or any portion thereof.

Appears in 2 contracts

Samples: Lease, Lease

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Transfer by City. If City sells or otherwise transfers the Premises, City shall be released from its obligations under this Lease hereunder arising on or after the date of such sale or transfer and Tenant Lessee shall look solely to the successor-in-interest to City. Upon a sale of the Premises by City, Tenant Lessee shall attorn to the purchaser or transferee, such attornment to be effective and self- self-operative without the execution of any further instruments on the part of the parties to this Lease. This Lease shall not be deemed to constitute any commitment by City, or create any priority or right in favor of TenantLessee, with regard to any future sale or other disposition of the Premises, or any portion thereof.

Appears in 1 contract

Samples: Lease

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