Common use of Transfers of Landlord’s Interest Clause in Contracts

Transfers of Landlord’s Interest. The term “Landlord” as used in this Lease, so far as covenants or obligations on the part of Landlord are concerned, will be limited to mean and include only the owner or owners of the Premises at the time in question, and in the event of any transfer or conveyance, then so long as any transferee has expressly assumed in writing all of the obligations of Landlord hereunder and Tenant has received prior written notice of such transfer or conveyance, the then grantor will be automatically freed and released from all personal liability accruing from and after the date of such transfer or conveyance as respects the performance of any covenant or obligation on the part of Landlord contained in this Lease to be performed, it being intended hereby that the covenants and obligations contained in this Lease on the part of Landlord will be binding on the then Landlord only during and in respect to its period of ownership. In the event of a sale or conveyance by Landlord of the Premises, the same will operate to release Landlord from any future liability upon any of the covenants or conditions herein contained and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. This Lease will not be affected by any such sale or conveyance, and Tenant agrees to attorn to the purchaser or grantee, which will be obligated on this Lease only so long as it is the owner of Landlord’s interest in and to this Lease.

Transfers of Landlord’s Interest. The term “Landlord” "LANDLORD" as used in this Lease, so far as covenants or obligations on the part of Landlord are concerned, will be limited to mean and include only the owner or owners of the Premises at the time in question, and in the event of any transfer or conveyance, then so long as any transferee has expressly assumed in writing all of conveyance after the obligations of Landlord hereunder and Tenant has received prior written notice of such transfer or conveyanceOriginal Commencement Date, the then then-grantor will be automatically freed and released from all personal liability accruing from and after the date of such transfer or conveyance as respects the performance of any covenant or obligation on the part of Landlord contained in this Lease to be performed, it being intended hereby that the covenants and obligations contained in this Lease on the part of Landlord will be binding binding, subject to SECTION 17.11, on the then then-Landlord only during and in respect to its period of ownership. In the event of a sale or conveyance by Landlord of the PremisesPremises after the Original Commencement Date, the same will operate to release Landlord from any future liability upon any of the covenants or conditions herein contained and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. This Lease will not be affected by any such sale or conveyance, and Tenant agrees to attorn to the purchaser or grantee, which will be obligated on this Lease only so long as it is the owner of Landlord’s 's interest in and to this Lease. In the event Landlord sells or otherwise transfers the Premises, Tenant will be entitled to pay all Rent and other amounts due under the terms of this Lease to Landlord at Landlord's last known address unless and until Tenant receives written notice from Landlord authorizing Tenant to pay such amounts to the new owner of the Premises and a written assumption by such new owner of all Landlord's duties and obligations under this Lease which arise after the transfer.

Transfers of Landlord’s Interest. The term “"Landlord” " as used in this Lease, so far as covenants or obligations on the part of Landlord are concerned, will be limited to mean and include only the owner or owners of the Premises at the time in question, and in the event of any transfer or conveyance, then so long as any transferee has expressly assumed in writing all of conveyance after the obligations of Landlord hereunder and Tenant has received prior written notice of such transfer or conveyanceCommencement Date, the then grantor will be automatically freed and released from all personal liability accruing from and after the date of such transfer or conveyance as respects the performance of any covenant or obligation on the part of Landlord contained in this Lease to be performed, it being intended hereby that the covenants and obligations contained in this Lease on the part of Landlord will be binding binding, subject to Section 17.11, on the then Landlord only during and in respect to its period of ownership. In the event of a sale or conveyance by Landlord of the PremisesPremises after the Commencement Date, the same will operate to release Landlord from any future liability upon any of the covenants or conditions herein contained and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. This Lease will not be affected by any such sale or conveyance, and Tenant agrees to attorn to the purchaser or grantee, which will be obligated on this Lease only so long as it is the owner of Landlord’s 's interest in and to this Lease.

Transfers of Landlord’s Interest. The term “"Landlord” " as used in this Lease, so far as covenants or obligations on the part of Landlord are concerned, will be limited to mean and include only the owner or owners of the Premises at the time in question, and in the event of any transfer or conveyance, then so long as any transferee has expressly assumed in writing all of conveyance after the obligations of Landlord hereunder and Tenant has received prior written notice of such transfer or conveyanceOriginal Commencement Date, the then then-grantor will be automatically freed and released from all personal liability accruing from and after the date of such transfer or conveyance as respects the performance of any covenant or obligation on the part of Landlord contained in this Lease to be performed, it being intended hereby that the covenants and obligations contained in this Lease on the part of Landlord will be binding binding, subject to Section 17.11, on the then then-Landlord only during and in respect to its period of ownership. In the event of a sale or conveyance by Landlord of the PremisesPremises after the Original Commencement Date, the same will operate to release Landlord from any future liability upon any of the covenants or conditions herein contained and in such event Tenant Xxxxxx agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. This Lease will not be affected by any such sale or conveyance, and Tenant Xxxxxx agrees to attorn to the purchaser or grantee, which will be obligated on this Lease only so long as it is the owner of Landlord’s 's interest in and to this Lease. In the event Landlord sells or otherwise transfers the Premises, Tenant will be entitled to pay all Rent and other amounts due under the terms of this Lease to Landlord at Landlord's last known address unless and until Xxxxxx receives written notice from Landlord authorizing Tenant to pay such amounts to the new owner of the Premises and a written assumption by such new owner of all Landlord's duties and obligations under this Lease which arise after the transfer.

Transfers of Landlord’s Interest. The term “Landlord” as used Landlord shall have the right from time to time to sell or mortgage its interest in the Building and Property, to assign its interest in this Lease, so far as covenants or obligations to assign from time to time the whole on the part of Landlord are concerned, will be limited to mean and include only the owner or owners any portion of the Premises Basic Rent, Additional Rent or other sums and charges at any time paid or payable hereunder by the Tenant to the Landlord, to any Mortgagees or other transferees designated by the Landlord (or, in the case of any purchasers at foreclosure sales or grantees under deeds in lieu of foreclosure, by any Mortgagee) by duly recorded instruments and after receipt of copies of such instruments, the Tenant shall pay the Basic Rent, Additional Rent and such other sums and charges so assigned, subject to the terms of the Lease, upon demand to such Mortgagees and other transferees, purchasers and grantees at the time addresses mentioned in question, and in accordance with the event terms of any transfer such instruments. Each foreclosing Mortgagee or conveyanceother transferee, then so long as any transferee has expressly assumed purchaser or grantee shall, in writing all of writing, assume the obligations of the Landlord hereunder and under this Lease, subject, however, to the limitations upon liability of the Landlord as set forth in Paragraph 27. Within ten (10) days following any transfer by Landlord of its ownership interest in the property, Landlord shall provide Tenant has received prior with written notice of such transfer or conveyance, and the then grantor will be automatically freed name and released from all personal liability accruing from address of the successor Landlord to whom Tenant should send future rent payments and after notices (the date of such transfer or conveyance as respects the performance of any covenant or obligation on the part of Landlord contained in this Lease to be performed, it being intended hereby that the covenants and obligations contained in this Lease on the part of Landlord will be binding on the then Landlord only during and in respect to its period of ownership"Transfer Notice"). In the event of a sale or conveyance by that the Landlord of fails to provide the PremisesTransfer Notice, (a) the same will operate Tenant shall not be liable to release any successor Landlord from any future liability upon any of the covenants or conditions herein contained and in such event Tenant agrees to look solely for rent payments paid to the responsibility of the former (predecessor) Landlord and (b) any successor in interest of Landlord in and to this Lease. This Lease will not shall be affected bound by any such sale or conveyance, and Tenant agrees to attorn notice sent to the purchaser or grantee, which will be obligated on this Lease only so long as it is former (predecessor) Landlord by the owner of Landlord’s interest in and to this LeaseTenant.

Transfers of Landlord’s Interest. The term “"Landlord” " as used in this Lease, so far as covenants or obligations on the part of Landlord are concerned, will be limited to mean and include only the owner or owners of the Premises at the time in question, and in the event of any transfer or conveyance, then so long as any provided either that the transferee has expressly assumed agrees in writing (a copy of which will be provided to Tenant upon request) to perform all of Landlord's obligations hereunder arising from and after the obligations of Landlord hereunder and Tenant has received prior written notice of such transfer or conveyancethat the transferee is required to perform such obligations under applicable Laws, the then grantor will be automatically freed and released from all personal liability accruing from and after the date of such transfer or conveyance as respects the performance of any covenant or obligation on the part of Landlord contained in this Lease to be performed, it being intended hereby that the covenants and obligations contained in this Lease on the part of Landlord will be binding binding, subject to Section 17.14, on the then Landlord only during and in respect to its period of ownership. In the event of a sale or conveyance by Landlord of the Premises, provided either that the transferee agrees in writing (a copy of which will be provided to Tenant upon request) to perform all of Landlord's obligations hereunder arising from and after the transfer or that the transferee is required to perform such obligations under applicable Laws, the same will operate to release Landlord from any future liability upon any of the covenants or conditions herein contained and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. This Lease will not be affected by any such sale or conveyance, and Tenant agrees to attorn to the purchaser or grantee, provided either that the purchaser or grantee agrees in writing (a copy of which will be obligated on this Lease only so long as it is the owner provided to Tenant upon request) to perform all of Landlord’s interest in 's obligations hereunder arising from and after the sale or conveyance or that the purchaser or grantee is required to this Leaseperform such obligations under applicable Laws.