TRANSFER BY LESSOR. Lessor may pledge, hypothecate, transfer or assign all or any part of this Agreement. Upon the transfer or conveyance of all or any portion of the Property, without further agreement of the parties, Lessor shall be relieved of and from any liability with respect to the obligations and covenants of Lessor contained in this Agreement arising out of any act or occurrence after the date of such transfer and the purchaser at such sale or any subsequent sale shall be deemed, without further agreement of the parties, to have assumed and agreed to carry out the Lessor's covenants under this Agreement.
TRANSFER BY LESSOR. The term "Lessor" shall mean only the owner for the time being of the Building and Parcel, and in the event of a transfer by that owner of its interest in the Building or Parcel, the owner shall be released and discharged from all covenants and obligations of the Lessor thereafter accruing, but such covenants and obligations shall be binding during the lease term on each new owner, and their successors and assigns for the duration of this lease.
TRANSFER BY LESSOR. Any transfer of Purchase Sites by the Option Sellers to Lessee pursuant to this Section 36 will include:
(i) an assignment of each Option Seller's interest in any Ground Lease for such Purchase Site (which shall contain an assumption by Lessee of all of the obligations of such Option Seller under such Ground Lease and an agreement by Lessee to indemnify such Option Seller and each other Sprint Indemnitee from claims, losses or damages related to such obligations), a transfer of fee simple title to the Land for any Purchase Site which is an Owned Purchase Site, a transfer of each such Option Seller' interest in the applicable Tower and related assets (other than Sprint's Improvements or Sprint's Communications Equipment) and all appurtenances thereto; provided, that for so long as the Ground Lease, as amended, modified, or extended, is still in effect for any Purchase Site, Sprint Collocator will be entitled to lease the Sprint Collocation Space on each such Purchase Site from Lessee for successive five (5) year terms at rental rate equal to the then-current market rental rates for comparable locations; provided, that the Sprint Collocation Charge will thereafter be subject to increase on an annual basis at the beginning of each five (5) year term in an amount equal to the CPI Change; provided, if Lessee and Sprint Collocator fail to agree on a rental rate for one or more of the Purchase Sites, such rental rate will be determined for each applicable Purchase Site by a nationally recognized independent accounting firm mutually acceptable to Sprint Collocator and Lessee. The cost of the determination of the rental rate will be shared equally by Sprint Collocator and Lessee. Sprint Collocator will have the right to elect to terminate any such lease with respect to a Purchase Site as of the expiration of each five (5) year term by giving no less than sixty (60) days prior written notice of such termination to Lessee;
(ii) to the extent legally transferable, all rights of each such Option Seller under or pursuant to warranties, representations and guarantees made by suppliers or manufacturers in connection with such Purchase Site, but excluding any rights to receive amounts under such warranties, representations and guarantees representing reimbursements for items paid by such Option Seller; and
(iii) to the extent legally transferable, all known and unknown rights, claims, credits, causes of action, or rights to commence any causes of action or rights of setoff...
TRANSFER BY LESSOR. Lessor shall be free to transfer its fee interest in the Premises or any part thereof or interest therein, subject, however, to the terms of this Lease. Any such transfer shall relieve the transferor of all liability and obligation hereunder (to the extent of the interest transferred) accruing after the date of the transfer and any assignee shall be bound by the terms and provisions of this Lease.
TRANSFER BY LESSOR. Even if there are changes to rights to own, manage and operate the Premises and their name according to Article 1, this Agreement shall remain effective. A new lessor and manager shall comply with all of this Agreement. Lessor shall notify Lessee of this fact.
TRANSFER BY LESSOR. The Lessor may, at any time and without the consent of the Lessee, sell, assign, transfer, lease, hypothecate, charge, encumber or otherwise deal with the whole or any part of its interest in the Leased Premises (subject always to this Lease and the rights of the Lessee hereunder) and all of its, right, title and interest in this Lease and the Rent payable hereunder.
TRANSFER BY LESSOR. Lessor shall have the right to assign any of its rights under this Lease or to transfer all or part of its interest in the Building, or both, at any time, and from time to time. In the event of any such assignment or transfer by Lessor, Lessee agrees to attorn to any such assignee, successor, or other transferee under all of the terms, covenants and conditions of this Lease for the balance of the Lease Term and to execute any acknowledgment of and consent to such assignment or transfer.
TRANSFER BY LESSOR. Lessor shall have the right to transfer, sell or otherwise convey the Property or any interest therein. In the event of a transfer by Lessor of the Property or of Lessor’s interest as Lessor under this Lease, Xxxxxx’s successor or assign shall take subject to and be bound by this Lease and in such event, Lessee covenants and agrees that Lessor shall be released from all obligations of Lessor under this Lease, except obligations which arose and matured prior to such transfer by Lessor; that Lessee shall thereafter look solely to Lessor’s successor or assign for satisfaction of the obligations of Lessor under this Lease; and that, upon demand by Lessor or Xxxxxx’s successor or assign, Xxxxxx shall attorn to such successor or assign.
TRANSFER BY LESSOR. IF LESSOR SELLS OR TRANSFERS THE PREMISES OR THE LEASEHOLD ESTATE OR ANY PART THEREOF AND AS A PART OF SUCH TRANSACTION, ASSIGNS ITS INTEREST AS LESSOR IN AND TO THIS LEASE, THEN FROM AND AFTER THE EFFECTIVE DATE OF SALE, ASSIGNMENT OR TRANSFER, LESSOR WILL HAVE NO FURTHER LIABILITY UNDER THIS LEASE TO LESSEE, IT BEING INTENDED THAT THE COVENANTS AND OBLIGATIONS CONTAINED IN THIS LEASE ON THE PART OF LESSOR WILL BE BINDING ON LESSOR AND ITS SUCCESSORS AND ASSIGNS ONLY DURING AND IN RESPECT OF ITS PERIODS OF OWNERSHIP OF THE FEE.
TRANSFER BY LESSOR. Lessor may transfer this Lease. If transferred, Lessee's obligations go to the new Lessor. The new Lessor will have all of the rights that the current Lessor has under this Lease. Lessor may transfer this Lease without first getting Lessee's approval.
