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.
Appears in 4 contracts
Samples: Lease Agreement (Interhealth Facility Transport, Inc.), Lease Agreement (Interhealth Facility Transport, Inc.), Lease Agreement (Interhealth Facility Transport, Inc.)
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 Xxxxxx 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.
Appears in 2 contracts
Samples: Hospital Lease, Hospital Lease
TRANSFER OF LESSOR'S INTEREST. Section 9.16. 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.
Appears in 1 contract
Samples: Lease Agreement (Interhealth Facility Transport, Inc.)
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.
Appears in 1 contract
Samples: Hospital Lease
