Common use of Transfer by Lessor - Release From Liability Clause in Contracts

Transfer by Lessor - Release From Liability. In the event Lessor shall sell or transfer the Premises or any part thereof and, as a part of such transaction, shall assign its interest as Lessor in and to this Lease, then from and after the effective date of such sale, assignment or transfer, the transferor Lessor shall have no further liability under this Lease to Lessee, except as to matters of liability which shall have accrued and are unsatisfied as of the date of transfer, it being intended that the covenants and obligations contained in this Lease on the part of Lessor shall be binding upon any transferee lessor and its successors and assigns only during and in respect of their respective periods of ownership of the fee title.

Transfer by Lessor - Release From Liability. In the event Lessor shall sell ------------------------------------------- sells or transfer transfers the Premises demised premises or any part thereof and, and as a part of such transaction, shall assign that transaction assigns its interest as Lessor in and to this Leaselease, then then, from and after the effective date of such that sale, assignment assignment, or transfer, but provided the transferor purchaser or transferee assumes in writing the Lessor's obligations under this lease, the Lessor shall have no further liability under this Lease lease to Lessee, the Lessee except as to matters of liability which shall have accrued and are unsatisfied as of the date of transferthat date, it being intended that the covenants and obligations contained in this Lease lease on the part of Lessor shall be binding upon any transferee lessor Lessor and its successors and assigns only during and in respect of their respective own periods of ownership of the fee titlefee.

Transfer by Lessor - Release From Liability. In the event Lessor shall sell or transfer the Premises or any part thereof and, as a part of such transaction, shall assign its interest as Lessor in and to this Lease, then from and after the effective date of such sale, assignment or transfer, the such transferor Lessor shall have no further liability under this Lease to Lessee, except as to matters of liability which shall have accrued and are unsatisfied as of the date of transfer, it being intended that the covenants and obligations contained in this Lease on the part of Lessor shall be binding upon any transferee lessor and its successors and assigns only during and in respect of their respective periods of ownership of the fee title.