Common use of Transfer of Interest Clause in Contracts

Transfer of Interest. If Landlord should sell or otherwise transfer its interest in the demised premises, upon an undertaking by the purchaser or transferee to be responsible for all the covenants and undertakings of Landlord accruing subsequent to the date of such sale or transfer, Tenant agrees that Landlord shall thereafter have no liability to Tenant under this Lease or any modifications or amendments thereof, or extensions thereof, except for such liabilities which might have accrued prior to the date of such sale or transfer of its interest by Landlord.

Appears in 9 contracts

Samples: Lease Agreement (Retail Ventures Inc), Lease (DSW Inc.), Lease (DSW Inc.)

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Transfer of Interest. If Landlord should sell or otherwise transfer its interest in the demised premisesPremises, upon an undertaking by the purchaser or transferee to be responsible for all the covenants and undertakings of Landlord accruing subsequent to the date of such sale or transfer, Tenant agrees that Landlord shall thereafter have no liability to Tenant under this Lease or any modifications or amendments thereof, or extensions thereof, except for such liabilities which might have accrued prior to the date of such sale or transfer of its interest by Landlord.

Appears in 5 contracts

Samples: Lease (Retail Ventures Inc), Lease (Retail Ventures Inc), Lease (DSW Inc.)

Transfer of Interest. If Landlord should sell or otherwise transfer its interest in the demised premises, upon an undertaking agreement by the purchaser or transferee to be responsible for all the covenants and undertakings of Landlord accruing subsequent to the date of such sale or transferLandlord, Tenant agrees that Landlord thereafter shall thereafter have no liability to Tenant under this Lease or under any modifications or amendments thereofmodifications, amendments, or extensions thereof, except for such liabilities which might have accrued prior to the date of such sale or the transfer of its interest by Landlord's interest.

Appears in 2 contracts

Samples: Master Store Lease (Retail Ventures Inc), Lease Agreement (Retail Ventures Inc)

Transfer of Interest. If Landlord should sell or otherwise transfer its interest in the demised premises, upon an undertaking by the purchaser or transferee to be responsible for all the covenants and undertakings of Landlord accruing subsequent to the date of such sale or transferLandlord, Tenant agrees that Landlord shall thereafter have no liability to Tenant under this Lease or any modifications or amendments thereof, or extensions thereof, except for such liabilities which might have accrued prior to the date of such sale or transfer of its interest by Landlord.

Appears in 2 contracts

Samples: Lease Agreement (Retail Ventures Inc), Lease Agreement (Retail Ventures Inc)

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Transfer of Interest. If Landlord should sell or otherwise transfer its interest in the demised premises, upon an undertaking by the purchaser or transferee to be responsible for all the covenants and undertakings of Landlord accruing subsequent to the date of such sale or transferLandlord, Tenant agrees that Landlord shall thereafter have no liability to Tenant under this Lease or any modifications or amendments thereof, or extensions thereof, except for such liabilities which might have accrued prior to the date of such sale or transfer of its interest by Landlord.

Appears in 2 contracts

Samples: Lease Assignment (Retail Ventures Inc), Lease Agreement (Value City Department Stores Inc /Oh)

Transfer of Interest. If Landlord should sell or otherwise transfer its interest in the demised premisesPremises, upon an undertaking by the purchaser or transferee to be responsible for all of the covenants and undertakings of Landlord accruing subsequent to the date of such sale or transferLandlord, Tenant agrees that Landlord shall thereafter have no liability to Tenant under this Lease or any modifications or amendments thereof, or extensions thereof, except for such liabilities which might have accrued prior to the date of such sale or transfer of its interest by Landlord.

Appears in 1 contract

Samples: Lease Agreement (Norcross Capital Corp)

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