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

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.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement (Faro Technologies Inc), Lease Agreement (Faro Technologies Inc)

AutoNDA by SimpleDocs

TRANSFER OF LESSOR'S INTEREST. 35.01 In the event of any transfer or transfers of Lessor’s interest in the Premises, upon other than a transfer for security purposes only, the transferee assuming liability therefore, Lessor 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 transfertransfer and Lessee agrees to attorn to the transferee. Any such transfer shall be made expressly subject to this Lease, and the transferee must assume Lessor’s obligations hereunder.

Appears in 2 contracts

Samples: Commercial Lease (HouseValues, Inc.), Commercial Lease (HouseValues, Inc.)

AutoNDA by SimpleDocs

TRANSFER OF LESSOR'S INTEREST. 35.01 In the event of any transfer or transfers of Lessor’s 's interest in the Leased Premises, upon the transferee assuming liability therefore, Lessor transferor shall be automatically relieved of any and all obligations and liabilities on the part of the Lessor accruing from and after the date of such transfer.

Appears in 1 contract

Samples: Lease Agreement (Standard Automotive Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!