Common use of Transfer of Premises Clause in Contracts

Transfer of Premises. 1) If the Owner voluntarily transfers the Premises, Xxxxxx has the right to enforce this Agreement against the grantee of the Premises if Tenant’s occupancy under this agreement is to end 180 days or less after the Grantee’s interest in the Premises is recorded. If Xxxxxx’s occupancy is to end more than 180 days after such recordation, Xxxxxx has no right to this agreement unless the Grantee agrees in writing to honor this Agreement. If the Grantee does not honor this Agreement, Xxxxxx is entitled to a refund of all rent paid by Xxxxxx (and other fees owed to third parties not already lawfully disbursed). Within 10 days after transfer of the Premises, the Grantee or the Grantee’s Agent is required to: (i) notify Tenant in writing of the transfer of the Premises, the Grantee’s name and address and the date the Grantee’s interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Premises subject to the terms of this Agreement or receive a refund of any payments made by Tenant.

Transfer of Premises. 1) If the Owner voluntarily transfers the Premises, Xxxxxx Tenant has the right to enforce this Agreement against the grantee of the Premises if Tenant’s occupancy under this agreement is to end 180 days or less after the Grantee’s interest in the Premises is recorded. If XxxxxxTenant’s occupancy is to end more than 180 days after such recordation, Xxxxxx Tenant has no right to this agreement unless the Grantee agrees in writing to honor this Agreement. If the Grantee does not honor this Agreement, Xxxxxx Tenant is entitled to a refund of all rent paid by Xxxxxx Tenant (and other fees owed to third parties not already lawfully disbursed). Within 10 days after transfer of the Premises, the Grantee or the Grantee’s Agent is required to: (i) notify Tenant in writing of the transfer of the Premises, the Grantee’s name and address and the date the Grantee’s interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Premises subject to the terms of this Agreement or receive a refund of any payments made by Tenant. 2) Upon

Transfer of Premises. 1) If the Owner voluntarily transfers the Premises, Xxxxxx has the right to enforce this Agreement against the grantee of the Premises if Tenant’s occupancy under this agreement is to end 180 days or less after the Grantee’s interest in the Premises is recorded. If XxxxxxTenant’s occupancy is to end more than 180 days after such recordation, Xxxxxx has no right to this agreement unless the Grantee agrees in writing to honor this Agreement. If the Grantee does not honor this Agreement, Xxxxxx Tenant is entitled to a refund of all rent paid by Xxxxxx (and other fees owed to third parties not already lawfully disbursed). Within 10 days after transfer of the Premises, the Grantee or the Grantee’s Agent is required to: (i) notify Tenant in writing of the transfer of the Premises, the Grantee’s name and address and the date the Grantee’s interest was recorded; and (ii) advise Tenant whether Tenant has the right to occupy the Premises subject to the terms of this Agreement or receive a refund of any payments made by Tenant.