Common use of TRANSFER OF LANDLORD'S RIGHTS Clause in Contracts

TRANSFER OF LANDLORD'S RIGHTS. Landlord shall have the right to transfer and assign, in whole or in part, all and every feature of its rights and obligations hereunder and in the Premises. Such transfers or assignments, howsoever made, are to be fully binding upon and recognized by Tenant. Upon such transfer or assignment and the assumption of Landlord's obligations by the transferee, and subject to the provisions of Section 13.2 hereof, Landlord shall be relieved of all obligations under the Lease accruing subsequent to the date of transfer.

Appears in 4 contracts

Samples: Lease Agreement (Firepond Inc), Lease Agreement (Firepond Inc), Lease Agreement (Lasermaster Technologies Inc)

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TRANSFER OF LANDLORD'S RIGHTS. Landlord shall have the right to transfer and assign, in whole or in part, all and every feature of its rights and obligations hereunder and in the Premises. Such transfers or assignments, howsoever made, are to be fully binding upon and recognized by Tenant. Upon such transfer or assignment and the assumption of Landlord's ’s obligations by the transferee, and subject to the provisions of Section 13.2 hereof, Landlord shall be relieved of all obligations under the Lease accruing subsequent to the date of transfer.

Appears in 1 contract

Samples: Lease Agreement (Digitiliti Inc)

TRANSFER OF LANDLORD'S RIGHTS. Landlord shall have the right to transfer and assign, in whole or in part, all and every feature of its rights and obligations hereunder and in the Premisesunder this Lease. Such transfers or assignments, howsoever made, are to be fully binding upon and recognized by Tenant. Upon In such transfer or assignment and the assumption of Landlord's obligations by the transferee, and subject to the provisions of Section 13.2 hereof, event Landlord shall be relieved released from any further obligation under this Lease and Tenant agrees to look solely to Landlord's successor for the performance of such obligations, provided such successor assumes all obligations under the Lease accruing subsequent to the date of transferTenant's Lease.

Appears in 1 contract

Samples: Lease Agreement (Entrust Technologies Inc)

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TRANSFER OF LANDLORD'S RIGHTS. Landlord shall have the right to transfer and assign, in whole or in part, all and every feature of its rights and obligations hereunder hereunder, and in the PremisesBuilding and other property referred to herein, provided that such assignee assumes all obligations of Landlord under this Lease which accrued after the date of such assignment. Such transfers or assignmentsTenant agrees that, howsoever madein the event of such assignment, are to be fully binding upon and recognized by Tenant. Upon such transfer or assignment and the assumption of Landlord's obligations by the transferee, and subject to the provisions of Section 13.2 hereof, Landlord shall will be relieved of all obligations and liability under the this Lease accruing subsequent as to the date of transfersuch assignment.

Appears in 1 contract

Samples: Office Lease Agreement (Monarch Dental Corp)

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