TRANSFER BY LESSOR. The term "Lessor" shall mean only the 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 Manager, and their successors and assigns for the duration of this lease.
Appears in 3 contracts
Samples: Center Lease Agreement, Center Lease Agreement for Office Space, Center Lease Agreement for Office Space
TRANSFER BY LESSOR. The term "Lessor" shall mean only the Manager 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 Managerowner, and their successors and assigns for the duration of this lease.
Appears in 3 contracts
Samples: Lease Agreement for Office Space, Lease Agreement for Office Space, Alaska Lease Agreement for Office Space
