Common use of TRANSFER BY LESSOR Clause in Contracts

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. The term "Lessor" shall mean only the owner Manager 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 ownerManager, and their successors and assigns for the duration of this lease.

TRANSFER BY LESSOR. The term "“Lessor" ” shall mean only the current owner for the time being of the Building and Parcel, and in Premises. In the event of a transfer by that owner of its interest in the Building or ParcelPremises, the owner shall be released and discharged from all covenants and obligations of the Lessor thereafter accruing, but such accruing thereafter. Such covenants and obligations shall be binding during the lease term on each new owner, owner and their successors and assigns for the duration Term of this leasethe Lease.