Common use of Transfer of Real Property Clause in Contracts

Transfer of Real Property. Landlord's obligations under this Lease shall not be binding upon Landlord named herein after the sale, conveyance, assignment, transfer or lease of Landlord's interest (collectively, a "Transfer") by Landlord (or upon any subsequent landlord after the Transfer by such subsequent landlord) of its interest in the Building or the Real Property, as the case may be, and in the event of any such Transfer, Landlord (and any such subsequent landlord) shall be entirely freed and relieved of all covenants and obligations of Landlord hereunder, and the transferee of Landlord's interest (or that of such subsequent landlord) in the Building or the Real Property, as the case may be, shall be deemed to have assumed all obligations under this Lease.

Transfer of Real Property. Landlord's ’s obligations under this Lease shall not be binding upon the Landlord named herein after the sale, conveyance, assignment, assignment or transfer or lease of Landlord's ’s interest (collectively, collectively a "“Transfer"”) by Landlord (or upon any subsequent landlord after the Transfer by such subsequent landlord) of its interest in the Building or the Real Property, as the case may be, and in the event of any such Transfer, Landlord (and any such subsequent landlord) shall be entirely freed and relieved of all covenants and obligations of Landlord hereunder, and the transferee of Landlord's ’s interest (or that of such subsequent landlord) in the Building or the Real Property, as the case may be, shall be deemed to have assumed all obligations under this Lease.

Transfer of Real Property. Landlord's obligations under this Lease shall not be binding upon the Landlord named herein after the sale, conveyance, assignment, assignment or transfer or lease of Landlord's interest (collectively, collectively a "Transfer") by Landlord (or upon any subsequent landlord after the Transfer by such subsequent landlord) of its interest in the Building or the Real Property, as the case may be, and in the event of any such Transfer, Landlord (and any such subsequent landlord) shall be entirely freed and relieved of all covenants and obligations of Landlord hereunderhereunder (provided Landlord has transferred any Security Deposit given by the Tenant), and the transferee of Landlord's interest (or that of such subsequent 66 landlord) in the Building or the Real Property, as the case may be, shall be deemed to have assumed all obligations under this Lease.