Common use of Transfer to Purchaser Clause in Contracts

Transfer to Purchaser. If any security be given by Tenant to secure the faithful performance of all or any of the covenants of this Lease on the part of Tenant, Landlord may transfer and/or deliver the security, as such, to the purchaser of the reversion, in the event that the reversion be sold, and thereupon Landlord shall be discharged from any further liability in reference thereto.

Appears in 13 contracts

Samples: Office Lease (Terns Pharmaceuticals, Inc.), Office Lease (Kronos Bio, Inc.), Office Lease (Kronos Bio, Inc.)

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Transfer to Purchaser. If any security be given by Tenant to secure the faithful performance of all or any of the covenants of this Lease on the part of Tenant, Landlord may transfer (along with its interest in this Lease and the Building) and/or deliver the security, as such, to the purchaser of the reversion, in the event that the reversion be sold, and thereupon Landlord shall be discharged from any further liability in reference thereto.

Appears in 1 contract

Samples: Office Lease (Webex Communications Inc)

Transfer to Purchaser. If any security be given by Tenant to secure --------------------- the faithful performance of all or any of the covenants of this Lease on the part of Tenant, Landlord may transfer and/or deliver the security, as such, to the purchaser of the reversion, in the event that the reversion be sold, and thereupon Landlord shall be discharged from any further liability in reference thereto.

Appears in 1 contract

Samples: Office Lease (Blaze Software Inc)

Transfer to Purchaser. If any security be given by Tenant to secure the faithful performance of all or any of the covenants of this Lease on the part of Tenant, Landlord may transfer (along with its interest in this Lease) and/or deliver the security, as such, to the purchaser of the reversion, in the event that the reversion be sold, and thereupon Landlord shall be discharged from any further liability in reference thereto.

Appears in 1 contract

Samples: Office Lease (Witness Systems Inc)

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Transfer to Purchaser. If any Tenant provides security be given by Tenant to secure for the faithful performance of all or any of the its covenants of this Lease on the part of TenantLease, Landlord may transfer and/or deliver the security, as such, security to the a purchaser of the reversion, in the event that if the reversion be sold, and thereupon Landlord shall be discharged from any further liability in reference thereto.

Appears in 1 contract

Samples: Assignment of Lease (Entrada Networks Inc)

Transfer to Purchaser. If any Tenant provides security be given by Tenant to secure for the faithful --------------------- performance of all or any of the its covenants of this Lease on the part of TenantLease, Landlord may transfer and/or deliver the security, as such, security to the a purchaser of the reversion, in the event that if the reversion be sold, and thereupon Landlord shall be discharged from any further liability in reference thereto.

Appears in 1 contract

Samples: Business Park Net Lease (Centillium Communications Inc)

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