Common use of TRANSFER OF LESSOR'S INTEREST Clause in Contracts

TRANSFER OF LESSOR'S INTEREST. In the event that Lessor sells, assigns or otherwise transfers its interest in the Premises, 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.

Appears in 3 contracts

Samples: Manufactured Home & Space Lease Agreement, Manufacturing Agreements, Manufacturing Agreements

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TRANSFER OF LESSOR'S INTEREST. In the event that Lessor sells, assigns or otherwise transfers its interest in the Premises, 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.

Appears in 2 contracts

Samples: Manufacturing Agreements, Lease Agreement

TRANSFER OF LESSOR'S INTEREST. In the event that Lessor sells, assigns or otherwise transfers its interest in the PremisesCommunity 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.

Appears in 2 contracts

Samples: Manufactured Home & Lot Lease Agreement, Lot Lease Agreement

TRANSFER OF LESSOR'S INTEREST. In the event that Lessor sells, assigns or otherwise transfers its interest in the PremisesCommunity or the 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.

Appears in 1 contract

Samples: Space Lease Agreement

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TRANSFER OF LESSOR'S INTEREST. In the event that Lessor sells, assigns or otherwise transfers its interest in the Premises, this Agreement shall be binding on the purchaser, assignee or transferee. Lessor shall be automatically relieved of any obligations obligation 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.

Appears in 1 contract

Samples: Manufactured Home Space Lease

TRANSFER OF LESSOR'S INTEREST. In the event that Lessor sells, assigns or otherwise transfers its interest in the Premises, 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.. _

Appears in 1 contract

Samples: Manufacturing Agreements

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