Common use of Transfer of Landlord’s Interest Clause in Contracts

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but 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 5 contracts

Samples: Office Lease (Nabriva Therapeutics PLC), Office Lease (Active Network Inc), Office Lease (Intralase Corp)

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Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Project and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Depositsecurity deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 5 contracts

Samples: Retail Lease (Colecciones De Raquel Inc), Office Lease (Casino Players, Inc.), Office Lease (Team Communication Group Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposittransfer, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but 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: Office Lease (Specialty Laboratories Inc), Office Lease (Integrated Information Systems Inc), Office Lease (Capstone Turbine Corp)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder after the date of transfer. Tenant further acknowledges that that, subject to Article 18 above, Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Spinal Elements Holdings, Inc.), Office Lease (Spinal Elements Holdings, 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 Real Property Project or Building and in this Lease, and Tenant Xxxxxx agrees that in the event of any such transfer and a transfer of the Security Deposittransfer, Landlord shall automatically be released from all liability under this Lease and Tenant Xxxxxx agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but 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 (SGX Pharmaceuticals, Inc.), Office Lease (Kinzan Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that ------------------------------- Landlord has the right to transfer all or any portion of its interest in the Real Property Land and Building and in this Lease, and Tenant Xxxxxx agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease arising after the date of such transfer and Tenant Xxxxxx agrees to look solely to such transferee for the performance of Landlord’s Xxxxxxxx's obligations hereunder arising after the date of such transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Tenfold Corp /Ut)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but 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 (PDF Solutions Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposittransfer, Landlord shall automatically be released from all remaining liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Capitol Investment Corp. V)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Premises and in this Lease, Lease and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder after the date of such transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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: Single Tenant Lease Net (Aptera Motors Corp)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Project and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder from and after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or a mortgage/deed of trust lender as additional security, but 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 (Ampio 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 Real Property Project and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposittransfer, Landlord shall automatically be released from all remaining liability under this Lease arising from and after the date of 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. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Advanced Tissue Sciences Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposittransfer, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such the transferee for the performance of Landlord’s 's obligations hereunder after the date of transferhereunder, subject to Paragraph 31 hereof. Tenant further acknowledges that Landlord may assign its interest in this Lease lease to the holder of any mortgage or deed of trust a mortgagee as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that the Tenant shall continue to look to Landlord for the performance of its obligations obligation hereunder, subject to Paragraph 31 hereof.

Appears in 1 contract

Samples: Office Lease (Hagler Bailly Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposittransfer, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transferhereunder. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (CPS Systems Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposittransfer, Landlord shall automatically be released from all remaining liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Central Coast Bancorp)

Transfer of Landlord’s Interest. Tenant acknowledges agrees that Landlord has the right to transfer all or any portion of its interest in the Real Property Land and Building and in this Lease, and Tenant agrees that in the event of any . If such transfer and a transfer of the Security Depositoccurs, Landlord shall automatically be released from all liability under this Lease arising after the date of such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder arising after the date of such transfer. Tenant further acknowledges that the Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Talk America Holdings Inc)

Transfer of Landlord’s Interest. Tenant acknowledges agrees that Landlord has the right to transfer all or any portion of its interest in the Real Property Land and Building and in this Lease, and Tenant agrees that in the event of any . If such transfer and a transfer of occurs and such transferee assumes the Security Depositobligations under this Lease, Landlord shall automatically be released from all liability under this Lease arising after the date of such 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. Tenant further acknowledges that the Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Heidrick & Struggles International Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property xxx Xxxxect or Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposittransfer, Landlord shall automatically autoxxxxxxlly be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s Laxxxxxx's obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but 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 (Capital Growth Holdings LTD /De/)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has ------------------------------- the right to transfer all or any portion of its interest in the Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Mego Financial Corp)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Magnetek Inc)

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Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Land and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposittransfer, Landlord shall automatically be released from all liability under this Lease arising after the date of such 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. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Bancinsurance Corp)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transferhereunder. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Quantum-Si Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Project and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Depositsecurity deposit, Landlord shall automatically be released from all liability under this Lease accruing from and after the date of such transfer, and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Abraxis BioScience, Inc.)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Land and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease Lease, and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transferhereunder. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look solely to Landlord for the performance of its Landlord's obligations hereunder.

Appears in 1 contract

Samples: Office Building Lease (Hanover Capital 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 Real Property Land and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transferhereunder. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (United Financial Mortgage Corp)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property and in Project and/or this Lease, and Tenant agrees that in the event of upon any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to shall look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may also assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but 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 (Sierra Oncology, Inc.)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Land and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability thereafter arising under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder after the date of transferhereunder. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Amarin Corp Plc\uk)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Project and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposittransfer, Landlord shall automatically be released from all remaining liability under this Lease arising from and after the date of such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Genomatica Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Premises, the Office Section and the Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder after the date of transferhereunder. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but agrees security provided that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall be entitled to continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Office Lease (Oxigene 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 Real Property Premises and in this Lease, Lease and Tenant Xxxxxx agrees that in the event of any such transfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease and Tenant Xxxxxx agrees to look solely to such transferee for the performance of LandlordXxxxxxxx’s obligations hereunder after the date of such transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Premises, the Office Section and the Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer the assumption of all of Landlord's prospective obligations by the Security Deposittransferee, Landlord shall automatically be released from all prospective liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s such obligations hereunder after the date of transferhereunder. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Artificial Life Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property Land and Building and in this Lease, and Tenant agrees that in the event of any such transfer and a transfer the assumption of the Security DepositLandlord's obligations hereunder by such transferee, Landlord shall automatically be released from all liability under this Lease arising after the date of such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord’s 's obligations hereunder arising after the date of such transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but 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 (Orbitz Inc)

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