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

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. Any such transfer shall be made expressly subject to this Lease, and the transferee must assume Lessor's obligations hereunder

Appears in 1 contract

Samples: Lease (Cypress Bioscience Inc)

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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. Any such transfer shall be made expressly subject to this Lease, and the transferee must assume Lessor's obligations hereunder.

Appears in 1 contract

Samples: Sublease Agreement (Concur Technologies Inc)

TRANSFER OF LESSOR'S INTEREST. In the event of any transfer or ----------------------------- transfers of Lessor's interest in the Demised Premises, the Building or the Project, 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, including, without limitation, the obligation of Lessor under Section 27 hereof to return the security deposit as provided therein following assignment or transfer and Lessee agrees thereof to attorn to the transferee. Any such transfer shall be made expressly subject to this Lease, and the transferee must assume assignee of Lessor's obligations hereunderinterest.

Appears in 1 contract

Samples: Office Lease Agreement (Pagelab Network Inc)

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TRANSFER OF LESSOR'S INTEREST. In the event of any transfer or ----------------------------- transfers of Lessor's interest in the Demised Premises, the Building or the Project, 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, including, without limitation, the obligation of Lessor under Section 27 hereof to return the security deposit as provided therein following assignment or transfer and Lessee agrees thereof to attorn to the transfereesuch assignee of Lessor's interest. Any Provided such transfer shall be made expressly subject to this Leaseis voluntary, and the transferee must assume Lessor's obligations hereunderassumes the responsibilities of the Lessor in writing.

Appears in 1 contract

Samples: Riverplace Office Lease Agreement (Taylor Investment Corp /Mn/)

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