Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of such transfer, provided such transferee shall have fully assumed in writing all obligations of this Lease to be performed by Landlord after the date of such transfer, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 6 contracts
Samples: Office Lease (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after as long as such transferee assumes in writing the effective date obligations of the transfer Landlord hereunder and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord from and after the date of such transferdate, including the return retum of any Security Deposit, and Tenant shall attorn attom to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.. 29.6
Appears in 3 contracts
Samples: Office Lease (Recursion Pharmaceuticals, Inc.), Office Lease (Recursion Pharmaceuticals, Inc.), Office Lease (Recursion Pharmaceuticals, Inc.)
Transfer of Landlord’s Interest. Tenant acknowledges acknowledges, that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property, the Building and and/or in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall shall, upon the transferee's assumption of Landlord's obligations under this Lease, automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of transfer. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Real Property and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such web an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord landlord for the performance of its obligations hereunder.
Appears in 3 contracts
Samples: Lease Agreement (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property, the Building and and/or in this Lease, and Tenant agrees that in the event of any such transfertransfer and the transferee's assumption, in writing, of Landlord's obligations under this Lease, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely took solely-to such transferee for the performance of Landlord's Landlords obligations hereunder after the date of transfer. The liability of any transferee of Landlord shall be limited to the interest of such transfertransferee in the Real Property and any available insurance proceeds, provided and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 3 contracts
Samples: Lease Agreement (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property, the Building and and/or in this Lease, and Tenant agrees that in the event of any such transfertransfer and the transferee's assumption, in writing, of Landlord's obligations under this Lease, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of transfer. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Real Property (and the transferees right to collect Rents) and any available insurance proceeds and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In addition, Landlord shall be released from personal liability on behalf of itself and all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingpersons claiming by through or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 3 contracts
Samples: Lease Agreement (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc), Lease Agreement (Bridgepoint Education Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and Building, the Real Property and/or in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of transfer. Without limiting the generality of the foregoing, it is acknowledged and agreed that the liability of Landlord under this Lease is limited to its actual period of ownership of title to the Building. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Building or the Real Property and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 2 contracts
Samples: Lease (Atlas Crest Investment Corp.), Lease (Invitae Corp)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord ------------------------------- has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues arising after the effective date of the such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord after the date of such transferLandlord, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder. Landlord agrees that any unapplied portion of the Security Deposit held pursuant to Article 21 herein, shall be transferred or credited to any ---------- purchaser of the Project from Landlord.
Appears in 2 contracts
Samples: Telecommunications Office Lease (Equinix Inc), Telecommunications Office Lease (Equinix Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and . Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer Lease, and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder accruing after the date of such transfer, provided such . Such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord after the date of such transferLandlord, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender Landlord’s Mortgagee as additional security and security. Tenant agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunderhereunder unless and until such Landlord’s Mortgagee succeeds to Landlord’s interest under this Lease.
Appears in 2 contracts
Samples: Office Lease (Oxigene Inc), Office Lease (Midwest Banc Holdings Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property, the Building and and/or in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues from and after the effective date of the such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder from and after the date of transfer. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Real Property and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 2 contracts
Samples: Office Lease (Websense Inc), Office Lease (Websense Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all further liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of transfer. The liability of Landlord under this Lease is limited to its actual period of ownership of title to the Building. The liability of any transferee of Landlord shall be limited to the interest of such transfertransferee in the Real Property, provided Complex and Building and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 2 contracts
Samples: Sublease Agreement (Biotime Inc), Office Lease (Avigen Inc \De)
Transfer of Landlord’s Interest. Pursuant to Section 13 above, Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Land and Building and in this Lease, and Tenant agrees that in the event of any such transfer, transfer Landlord shall automatically be released from all liability under this Lease that accrues after if such transferee assumes all liability under the effective date of Lease including without limitation, with respect to the transfer and expansion rights for the Expansion Space pursuant to Section 14 above. In such case, Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided such transferee shall have fully assumed in writing all obligations of this Lease to be performed by Landlord after the date of such transfer, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writinghereunder. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder. Notwithstanding any assignment by Landlord, prior to such assignment by Landlord, and further provided that Tenant is not in any material default of any of its obligations under this Lease, upon notice to Tenant by Landlord, Tenant shall have the non-exclusive right to commence negotiations with Landlord to purchase the Land and the Building, provided however, if the TSD is assigned or otherwise transferred to a third party, Landlord will cause such third party to assume this Lease.
Appears in 2 contracts
Samples: Lease Agreement (Opnext Inc), Lease Agreement (Opnext Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant Xxxxxx agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after not accrued as of the effective date of transfer (to the transfer extent that such obligations are assumed by the transferee) and Tenant Xxxxxx agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord which first arise or accrue after the date of such transfer, and subject to the terms of Article 18 of this Lease, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 2 contracts
Samples: Office Lease (ServiceTitan, Inc.), Office Lease (ServiceTitan, Inc.)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after as long as such transferee assumes in writing the effective date obligations of the transfer Landlord hereunder and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord from and after the date of such transferdate, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 2 contracts
Samples: Office Lease (Recursion Pharmaceuticals, Inc.), Office Lease (Recursion Pharmaceuticals, Inc.)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and . Tenant agrees that in the event of any such transfer, and the written assumption by the transferee of Landlord’s obligations hereunder, Landlord shall automatically be released from all liability thereafter arising under this Lease that accrues after the effective date of the transfer Lease, and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder accruing after the date of such transfer, provided such . Such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord after the date of such transferLandlord, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender Landlord’s Mortgagee as additional security and security. Tenant agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunderhereunder unless and until such Landlord’s Mortgagee succeeds to Landlord’s interest under this Lease.
Appears in 2 contracts
Samples: Office Lease (Xenith Bankshares, Inc.), Office Lease (Xenith Bankshares, Inc.)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Project, the Building and and/or in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of such transfer, provided upon such transferee's written assumption of Landlord's obligations hereunder. Without limiting the generality of the foregoing, it is acknowledged and agreed that the liability of Landlord under this Lease is limited to matters accruing during its actual period of ownership of title to the Project. The liability of any transferee of Landlord shall be limited to the interest of such transferee in the Project and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Office Lease (Vivus Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord Xxxxxxxx has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant Xxxxxx agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after as long as such transferee assumes in writing the effective date obligations of the transfer Landlord hereunder and Tenant Xxxxxx agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord from and after the date of such transferdate, including the return retum of any Security Deposit, and Tenant shall attorn attom to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.. 29.6
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer (to the extent such obligations are assumed by the transferee), if the transferee assumes the Landlord’s obligations, Landlord shall automatically be released from all liability under this Lease that accrues after not accrued as of the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord Landlord, including the return of the L-C, arising after the date of such transfer, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Office Lease (GoodRx Holdings, Inc.)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues accruing from and after the effective date of the any such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations first accruing hereunder after the effective date of such transfer, provided and subject to the terms of the controlling subordination, non-disturbance and attornment agreement, if applicable, such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord after the date of such the transfer, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall transferee so long as such transferee has assumed and agreed to be released bound by all terms and provisions of this Lease arising from all liability that accrues prior to and after the effective date of such transfer if such transferee assumes such liability in writingtransfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Project, the Building and and/or in this Lease, and Tenant agrees that in the event of any such transfertransfer and subject to Landlord’s transferee assuming all of Landlord’s obligations under this Lease, Landlord shall automatically be released from all liability arising under this Lease that accrues after the effective date of the such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of transfer. Without limiting the generality of the foregoing, it is acknowledged and agreed that the liability of Landlord under this Lease is limited to its actual period of ownership of title to the Building. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Project and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Office Lease (Serena Software Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Project, the Building and and/or in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall transfer to such transferee any theretofore unapplied Security Deposit held by Landlord, whereupon Landlord automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of transfer. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Project and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property and Building and in this Lease, and . Tenant agrees that in the event of any a transfer of fee title and provided that such transfertransferee is a bona fide purchaser and agrees in writing to assume all of Landlord's obligations thereafter accruing, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer thereafter accruing and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder arising or accruing after the date of such transfer, provided transfer upon agreement by such transferee shall have to fully assumed in writing assume and be liable for all obligations of this Lease to be performed by Landlord which first accrue or arise after the date of such transfer, including the return of any Security Depositconveyance, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that unless and until such mortgage lender succeeds to Landlord's interest and obligations hereunder, Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer to an entity which has contractually assumed the obligations of Landlord under this Lease (which assumption has been provided to Tenant in writing), Landlord shall automatically be released from all liability under this Lease that accrues after has not accrued as of the effective date of the transfer Transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided such transferee shall have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord after the date of such transferLandlord, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Lease (THQ Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that, on the condition that the successor to Landlord's interest assumes Landlord's obligations under the Lease arising after the date of transfer, in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after not accrued on or prior to the effective date of the transfer transfer, and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder for events occurring after the date of such transfer, provided such transferee shall have fully assumed in writing all obligations of this Lease transfer and to be performed by Landlord after the date of such transfer, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees security. Landlord acknowledges that to the extent any Landlord obligation or liability under this Lease is accrued prior to the date of such transfer or assignment which is not assumed by the transferee or assignee, the same shall remain an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance obligation of its obligations hereunderLandlord.
Appears in 1 contract
Samples: Office Lease (Cytyc Corp)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord ------------------------------- has the right to transfer all or any portion of its interest in the Project or Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues arising after the effective date of the transfer such transfer, and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder arising after the date of transfer. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Real Property and Building and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Office Lease (Homestore Com Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Project, the Building and and/or in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of transfer. Without limiting the generality of the foregoing, it is acknowledged and agreed that the liability of Landlord under this Lease is limited to matters accruing during its actual period of ownership of title to the Building. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Building and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after not accrued as of the effective date of transfer (to the transfer extent that such obligations are assumed by the transferee) and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord which first arise or accrue after the date of such transfer, and subject to the terms of Article 18 of this Lease, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Office Lease (Kite Pharma, Inc.)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord after the date of such transferLandlord, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition; provided, however, Landlord shall be released from all liability that accrues remain responsible to Tenant for Landlord’s obligations which arose prior to the date of such transfer if such transferee assumes such liability in writingpursuant to the terms and condition of this Lease. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Office Lease (Memec Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after not accrued as of the effective date of transfer (to the transfer extent that such obligations are expressly assumed by the transferee) and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord which first arise or accrue after the date of such transfer, including the return of any Security Deposit, and subject to the terms of Article 18 of this Lease, Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Office Lease (Roku, Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and provided such transferee expressly assumes in writing all obligations of Landlord under the Lease arising on and after the date of transfer, Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability arising under this Lease that accrues after the effective date of the transfer Transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations arising hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord after the date of such transferLandlord, including the return of any Security Deposit, after the date of the Transfer and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Office Lease (F5 Networks Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or and Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues arising after the effective date of the such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of transfer. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Project and Building and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder. Notwithstanding the above, Landlord’s transfer shall in no way relieve Landlord from any liability accruing prior to such transfer.
Appears in 1 contract
Samples: Lease Agreement (Buy Com Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided such transferee shall have fully assumed in writing all obligations of this Lease to be performed by Landlord after the date of such transfer, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder. *** Confidential portions of this document have been redacted and filed separately with the Commission.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Land and Building and in this Lease, and Tenant agrees that in the event of any such transfer, transfer Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of transfer. Such transferee shall have no liability under this Lease with regard to Landlord's obligations prior to such date of transfer, provided . The liability of any transferee of Landlord shall be limited to the interest of such transferee in the Land and Building and such transferee shall have fully assumed in writing be without personal liability under this Lease, Tenant hereby expressly waiving and releasing said personal liability on behalf of itself and all obligations of this Lease to be performed by Landlord after the date of such transferpersons claiming by, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer, and in the event that such transferee expressly assumes all the obligations of Landlord with respect to this Lease, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of transfer; provided, however, that if Landlord has not delivered the Security Deposit to the transferee, then Landlord shall remain liable to Tenant for that portion of the Security Deposit to which Tenant is entitled pursuant to Section 21 above. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Real Property and Building (or the proceeds from the sale of the Building) and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Lease Agreement (Redenvelope Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or and Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that which accrues after the effective date of the such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of transfer; provided, however, that such transfer, provided transferee agrees to assume Landlord’s obligations under this Lease. The liability of any transferee of Landlord shall be limited to the interest of such transferee in the Project and Building and in any insurance or condemnation proceeds or proceeds from the sale of the Building or the Project and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that ---------------------------------- Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after not accrued as of the effective date of the transfer this transfer, and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of such transfer, provided transfer subject to the express written agreement by such transferee shall have to fully assumed in writing assume and be liable for all obligations of this Lease to be performed by Landlord which first accrue or arise after the date of such transfer, including the return of any Security Depositconveyance, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a the holder of any mortgage lender or deed of trust as additional security and agrees that security, but such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Land and Building and in this Lease, Lease and Tenant agrees that in the event of any such transfer, transfer Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of transfer. Such transferee shall have no liability under this Lease with regard to Landlord's obligations prior to such transfer, provided date of Transfer. The liability of any transferee of Landlord shall be limited to the interest of such transferee in the Land and Building and such transferee shall have fully assumed in writing be without personal liability under this Lease, Tenant hereby expressly waiving and releasing said personal liability on behalf of itself and all obligations of this Lease to be performed by Landlord after the date of such transferpersons claiming by, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Lease Amendment (Conning Corp)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building Premises and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues arising or accruing from and after the effective date of the transfer such assignment and assumption and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLandlord, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease and irrevocably assign all Rent under this Lease to a mortgage lender Landlord Mortgagee as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues arising or accruing from and after the effective date of the transfer such transfer, and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder arising after the effective date of such transfer, transfer provided that such transferee shall have fully assumed in writing and agreed to be liable for all obligations of this Lease to be performed by Landlord after the date of such transferLandlord, including the return of any Security DepositDeposit (to the extent transferred to such transferee) following the date of transfer, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord after the date of such transferLandlord, including the return of any Security Deposit (provided that Landlord notifies Tenant of the identity of the transferee promptly after the transfer of the Security Deposit), and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Office Lease (Tekelec)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord ------------------------------- has the right to transfer all or any portion of its interest in the Project or and Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of transfer provided that such transfer, provided transferee has assumed the obligations of Landlord under this Lease. The liability of any transferee of Landlord shall be limited to the interest of such transferee in the Project and Building and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property, the Building and and/or in this Lease, and Tenant agrees that in the event of any such transfer, provided that such transferee assumes, in writing, Landlord’s obligations under this Lease, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of transfer. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Real Property and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Office Lease (Intervoice Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, so long as such transferee expressly agrees in writing to assume Landlord’s obligations hereunder, Landlord shall automatically be released from all liability under this Lease that accrues arising or accruing after the effective date of the transfer such assignment and assumption and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord after the date of such transferLandlord, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Office Lease (Accelrys, Inc.)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord ------------------------------- has the right to transfer all or any portion of its interest in the Project or and Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues arising after the effective date of the such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of transfer. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Project and Building and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder. Notwithstanding the above, Landlord's transfer shall in no way relieve Landlord from any liability accruing prior to such transfer.
Appears in 1 contract
Samples: Lease (Buy Com Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property, the Building and and/or in this Lease, and Tenant agrees that in the event of upon any such transfer, Landlord shall shall, upon the assumption in writing by the successor landlord of Landlord's obligations arising under this Lease after the effective date of such transfer automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to shall look solely to such transferee for the performance of Landlord's obligations hereunder after the date of transfer. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Real Property and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transfereepersonal liability on behalf of itself and all persons claiming by, through or under Tenant. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may also assign its interest in this Lease to a mortgage lender as additional security and agrees that but such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Lease Agreement (Netgear, Inc.)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property, the Building and and/or in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of transfer; provided that the transferee has executed an assignment and assumption agreement that provides that the transferee assumes all of the obligations of Landlord. The liability of any transferee of Landlord shall be limited to the interest of such transfer, provided transferee in the Real Property and Building and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security security, subject to the provisions of Article 18 above, including the delivery of a commercially reasonable subordination, non-disturbance and attornment agreement from the Mortgagee, and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Samples: Lease Agreement (Zendesk, Inc.)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, transfer to a bona fide transferee in good faith who agrees to assume the obligations of Landlord under this Lease; Landlord shall automatically be released from all liability under this Lease that accrues after not accrued as of the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord after the date of such transferLandlord, including the return of any Security Deposit, and Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after the effective date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder arising after the date of such transfer, provided that such transferee assumes all future obligations of Landlord. The liability of any transferee of Landlord shall be limited to the interest of such transferee in the Real Property and Building and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
Appears in 1 contract
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building Buildings and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease that accrues after not accrued as of the effective date of transfer (to the transfer extent that such obligations are expressly assumed by the transferee) and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations hereunder after the date of such transfer, provided transfer and such transferee shall be deemed to have fully assumed in writing and be liable for all obligations of this Lease to be performed by Landlord which first arise or accrue after the date of such transfer, including the return of any Security Deposit, and subject to the terms of Article 18 of this Lease, Tenant shall attorn to such transferee. In addition, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writing. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
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Samples: Office Lease (Roku, Inc)
Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer and such transferee’s assumption, in writing, of Landlord’s obligations under this Lease, Landlord shall automatically be released from all liability under this Lease that accrues for the period occurring after the effective date of the transfer such assignment and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations hereunder after the date of transfer provided that such transferobligations and the Security Deposit are expressly assumed by the transferee. The liability of any transferee of Landlord shall be limited to the interest of such transferee in the Real Property and Building (including, provided without limitation, all rents and profits therefrom) and such transferee shall have fully assumed in writing all obligations of be without personal liability under this Lease to be performed by Landlord after the date of such transfer, including the return of any Security DepositLease, and Tenant shall attorn to hereby expressly waives and releases such transferee. In additionpersonal liability on behalf of itself and all persons claiming by, Landlord shall be released from all liability that accrues prior to the date of such transfer if such transferee assumes such liability in writingthrough or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.
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Samples: Office Lease (Yelp! Inc)