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

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 xxx xvent of any transfer of Lessor's interest 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 xxxxxxer 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 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 . 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 tease 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. Subject to Section 23 hereof, Lessor may assign, hypothecate, or otherwise transfer all or any portion of Lessor's interest in this Lease, the Premises, the Building or the Building Parcel without Lessee's consent. In the event of any transfer or transfers of Lessor's interest in the Premises, including a so-called sale-leaseback, the transferor shall be automatically relieved of any and all obligations on the part of Lessor accruing under this Lease from 44 and after the date of such transfer, provided that the interest of the transferor, as Lessor, in any funds then in the hands of Lessor in which Lessee has an interest shall be turned over, subject to such interest, to the then transferee and the transferee assumes all obligations on the part of Lessor accruing under this Lease from and after the date of the such 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, is or may be, be subordinate, and no landlord lessor under a so-called sale-leaseback saleleaseback, shall be responsible in connection with the security depositdeposited hereunder, unless the such mortgagee or holder of the such deed of trust or the landlord lessor shall have actually receives received 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 ownershipdeposited hereunder.