Transfer of Premises. If the Building is sold or transferred, voluntarily or involuntarily, Landlord’s Lease obligations and liabilities accruing after the transfer shall be the sole responsibility of the new owner.
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Samples: Lease (Bancshares of Florida Inc), Lease Agreement (Bancshares of Florida Inc)
Transfer of Premises. If the Building is sold or transferred, voluntarily or involuntarily, Landlord’s 's Lease obligations and liabilities accruing after the sale or transfer shall be the sole responsibility of the new owner provided:
(i) The new owner expressly agrees in writing to assume Landlord's obligations; and
(ii) Tenant's funds in the hands of Landlord, such as the Security Deposit, shall be given to the new owner.
Appears in 1 contract
Samples: Office Lease Agreement (Inflow Inc)
Transfer of Premises. If the Building is sold or transferred, voluntarily or involuntarily, Landlord’s Lease obligations and liabilities accruing after the transfer shall be the sole responsibility of the new owner if: (i) the new owner assumes Landlord’s obligations in writing and (ii) the Tenant’s funds that the Landlord is holding, such as the Security Deposit (or a credit in the amount of such Tenant funds), are given to the new owner.
Appears in 1 contract
Samples: Office Lease (Blackboard Inc)
Transfer of Premises. If the Building is sold or transferred, voluntarily or involuntarily, the Landlord’s Lease obligations and liabilities accruing after the transfer shall be the sole responsibility of the new owner.owner if:
Appears in 1 contract
Samples: Office Lease (TomoTherapy Inc)
Transfer of Premises. If the Building is sold or transferred, voluntarily or involuntarily, Landlord’s 's Lease obligations and liabilities accruing after the transfer shall be the sole responsibility of the new owner, and
(i) the new owner expressly agrees in writing to assume Landlord's obligations; and (ii) the Tenant's funds in the hands of Landlord, such as the Security Deposit, shall be given to the new owner.
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Transfer of Premises. If the Building is sold or transferred, voluntarily or involuntarily, Landlord’s 's Lease obligations and liabilities accruing after the transfer shall be the sole responsibility of the new owner., and if (i) the new owner expressly agrees in writing to assume Landlord's obligations; and
Appears in 1 contract
Transfer of Premises. If the Building is sold or transferred, voluntarily or involuntarily, Landlord’s Lease obligations and liabilities accruing after the transfer shall be the sole responsibility of the new owner, and
(i) the new owner expressly agrees in writing to assume Landlord’s obligations; and
(ii) the Tenant’s funds in the hands of Landlord, such as the Security Deposit, shall be given to the new owner.
Appears in 1 contract
Samples: Lease (North State Bancorp)
Transfer of Premises. If the Building or Project is sold or transferred, voluntarily or involuntarily, Landlord’s Lease 's obligations and liabilities accruing under this Lease after the transfer shall be the sole responsibility of the new owner of the Building or Project, provided that: the new owner is able to and expressly agrees in writing to assume such obligations and liabilities; and any of Tenant's funds that the Landlord is holding, such as the Security Deposit, are delivered to the new owner.
Appears in 1 contract
Samples: Office Lease Agreement (E Loan Inc)
Transfer of Premises. If the Building Premises is sold or transferred, voluntarily or involuntarily, Landlord’s 's Lease obligations and liabilities accruing after the transfer shall be the sole responsibility of the new owner if:
(i) the new owner is able to and expressly agrees in writing to assume Landlord's obligations; and
(ii) Tenant's funds that Landlord is holding, such as the Security Deposit, are given to the new owner.
Appears in 1 contract
Samples: Property Lease (Consygen Inc)
Transfer of Premises. If the Building is sold or transferred, voluntarily or involuntarily, the Landlord’s Lease obligations and liabilities accruing after the transfer shall be the sole responsibility of the new owner if:
(i) the new owner expressly agrees in writing to assume these obligations; and
(ii) the Tenant’s funds that the Landlord is holding, such as the Security Deposit, are given to the new owner.
Appears in 1 contract
Samples: Office Lease (Accuray Inc)
Transfer of Premises. Landlord may transfer and assign, in whole or in part, its rights and obligations with respect to the Project and the Premises. If the Project or Building in which the Premises are located is sold or transferred, transferred (whether voluntarily or involuntarily), Landlord’s Lease obligations and liabilities accruing under this Lease which accrue after the transfer shall be the sole responsibility of the new owner.
Appears in 1 contract
