TRANSFER OF LESSOR'S INTEREST. 22.1 In the event of a sale or conveyance by Lessor of Lessor's interest in the Premises other than a transfer for security purposes only, Lessor shall, upon giving notice of such transfer to Lessee, be relieved from and after the date specified in such notice of transfer of all obligations and liabilities accruing thereafter on the part of Lessor, provided that any funds in the hands of Lessor at the time of transfer in which Lessee has an interest, shall be delivered to the successor of Lessor. This Lease shall not be affected by any such sale and Lessee agrees to attorn to the purchaser or assignee provided all Lessor's obligations hereunder are assumed in writing by the transferee.
TRANSFER OF LESSOR'S INTEREST. Lessor shall have the right to convey, transfer or assign, by sale or otherwise, all or any part of its interest in this Lease Agreement or the Common Improvements at any time and from time to time and to any person, subject to the terms and conditions of this Lease Agreement. All covenants and obligations of Lessor under this Lease Agreement shall not cease upon the execution of such conveyance, transfer or assignment, but such covenants and obligations shall run with the land and shall be binding upon any subsequent owner thereof.
TRANSFER OF LESSOR'S INTEREST. Section 9.16. Lessor has the right to transfer all or part of its interest in the Building and Real Property and in this Lease. On such a transfer, Lessor shall automatically be released from all liability accruing under this Lease, and Lessee shall look solely to that transferee for the performance of Lessor’s obligations under this Lease after the date of transfer. Lessor may assign its interest in this Lease to a mortgage lender as additional security. This assignment shall not release Lessor from its obligations under this Lease, and Lessee shall continue to look to Lessor for the performance of its obligations under this Lease.
TRANSFER OF LESSOR'S INTEREST. In the event of the sale, assignment or transfer by Lessor of its interest in the Demised Premises or in this lease (other than a collateral assignment to secure a debt of Lessor) to a successor in interest who expressly assumes the obligations of Lessor hereunder, Lessor shall thereupon be released or discharged from all of its covenants and obligations hereunder, except such obligations as shall have accrued prior to any such sale, assignment or transfer; and Lessee agrees to look solely to such successor in interest of Lessor for performance of such obligations. Lessor's assignment of the lease or of any or all of its rights herein shall in no manner affect Lessee's obligations hereunder. Lessee shall thereafter attorn and look to such assignee, as Lessor, provided Lessee has first received written notice of such assignment of Lessor's interest.
TRANSFER OF LESSOR'S INTEREST. In the event that Lessor sells, assigns or otherwise transfers its interest in the Community or manufactured home, this Agreement shall be binding on the purchaser, assignee or transferee. Lessor shall be automatically relieved of any obligations or liability hereunder as of the date of such sale, assignment, or transfer, provided that the obligations and liability hereunder are assumed in writing by said purchaser, assignee or transferee. All new residents must be complete on application approval process and have written approval prior to move in.
TRANSFER OF LESSOR'S INTEREST. 35.01 In the event of any transfer or transfers of Lessor’s interest in the Premises, upon the transferee assuming liability therefore, Lessor shall be automatically relieved of any and all obligations and liabilities on the part of Lessor accruing from and after the date of such transfer.
TRANSFER OF LESSOR'S INTEREST. 15.01 Lessor shall have the right at any time to sell, transfer, assign, pledge, hypothecate or otherwise dispose of Lessor's interest in the Demised Premises and in this Lease. In the event of any such sale, transfer, assignment, pledge, hypothecation or other disposition, all obligations of Lessor hereunder shall devolve upon the transferee and Lessor shall be released and discharged from all further obligation or liability hereunder; provided, that Lessor shall be responsible for any funds in the hands of Lessor in which Lessee has an interest until such funds have been delivered to the transferee. Lessee agrees to attorn to the transferee provided all of Lessor's obligations hereunder are assumed by the transferee in writing for the benefit of Lessee.
TRANSFER OF LESSOR'S INTEREST. In the event of any transfer of Lessor's interest in the Premises, including a so-called sale-leaseback, the transferor shall be automatically relieved of all obligations on the part of Lessor accruing under this Lease from and after the date of the transfer, provided that any funds held by the transferor, in which Lessee has an interest, shall be turned over, subject to that interest, to the transferee, and Lessee is notified of the transfer as required by law. No holder of a mortgage and/or deed of trust to which this Lease is, or may be, subordinate, and no landlord under a so-called sale-leaseback shall be responsible in connection with the security deposit, unless the mortgagee or holder of the deed of trust or the landlord actually receives the security deposit. It is intended that the covenants and obligations contained in this Lease on the part of the Lessor shall, subject to the foregoing, be binding on Lessor, its successors and assigns, only during, and in respect to, their respective successive periods of ownership.
TRANSFER OF LESSOR'S INTEREST. In the event of any transfer or transfers of Lessor's interest in the Premises, other than a transfer for security purposes only, the transferor shall be automatically relieved of any and all obligations and liabilities on the part of Lessor accruing from and after the date of such transfer and Lessee agrees to attorn to the transferee upon the receipt of written notice of such transfer from Lessor, which shall specify the transferee's name and address for notices and the payment of rent hereunder. Any such transfer shall be made expressly subject to this Lease, and the transferee must assume Lessor's obligations hereunder.
TRANSFER OF LESSOR'S INTEREST. In the event of a sale or conveyance by Lessor of Lessor’s interest in the property of which said demised premises are the whole or a portion, after the date of such transfer Lessor shall be relieved from all liability as respect to Lessor’s obligations thereafter to be performed, provided that any funds in the hands of Lessor at the time of transfer in which Lessee has an interest, shall be delivered to the successor of Lessor. The obligations contained in this Lease to be performed by Lessor shall, subject to the foregoing, be binding on Lessor’s successor only during their respective periods of ownership.
