TRANSFER BY LANDLORD. In the event of a sale, transfer or lease by the Landlord of the Building, the Lands or a portion thereof containing the Leased Premises or the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, the Landlord shall, without further written agreement, to the extent that such purchaser, transferee or lessee has become bound by the covenants and obligations of the Landlord hereunder, be freed, released and relieved of all liability or obligations under this Lease incurred or arising after the date of such sale, transfer or lease.
Appears in 6 contracts
Samples: Lease Agreement (Zarlink Semiconductor Inc), Lease Agreement (VeriChip CORP), Lease Agreement (Newbridge Networks Corp)
TRANSFER BY LANDLORD. In the event of a sale, transfer or lease by the Landlord of the Building, the Lands Building or a portion thereof containing the Leased Demised Premises or the assignment by the Landlord of this the Lease or any interest of the Landlord hereunder, the Landlord shall, without further written agreement, to the extent that such purchaser, transferee or lessee has become bound by the covenants and obligations of the Landlord hereunder, be freed, released and relieved of all liability or obligations under this Lease incurred or arising after the date of such sale, transfer or leaseLease.
Appears in 3 contracts
Samples: Lease Agreement (El Grande Com Inc), Lease Agreement (Elgrande Com Inc), Lease Agreement (El Grande Com Inc)
TRANSFER BY LANDLORD. In the event of a sale, transfer or lease by the Landlord of the Building, Landlord's Property or of the Lands Building or a portion thereof containing the Leased Premises Premises, or in the event of the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, the Landlord shall, without further written agreement, to the extent that such purchaser, transferee or lessee has become agrees to be or becomes bound by the covenants and obligations of the Landlord hereunder, be automatically freed, released and relieved of all liability or obligations under this Lease incurred or arising after the date of such sale, transfer or leaseLease.
Appears in 2 contracts
Samples: Lease Agreement (Chineseworldnet Com Inc), Lease (Alttech Ventures Corp)
TRANSFER BY LANDLORD. In the event of a sale, transfer or lease by the Landlord of the Building, Landlord's Property or of the Lands Building or a portion thereof containing the Leased Premises Premises, or in the event of the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, the Landlord shall, without further written agreement, to the extent that such purchaser, transferee or lessee has become agrees to be or becomes bound by the covenants and obligations of the Landlord hereunder, be automatically freed, released and relieved of all liability or obligations under this Lease incurred or arising after the date of such sale, transfer or lease.
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TRANSFER BY LANDLORD. In the event of a sale, transfer or lease by the Landlord of the Building, the Lands or a portion thereof containing the Leased Premises or the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, the Landlord shall, without further written agreement, to the extent that such purchaser, transferee or lessee has become bound by the covenants and obligations of the Landlord hereunder, be freed, released and relieved of all liability or obligations under this Lease incurred or arising after the date of such sale, transfer or lease.. Table of Contents
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