Common use of Applicant’s Obligations Clause in Contracts

Applicant’s Obligations. The obligations of Applicant under this Agreement apply only during the period when it is the holder of a lease or fee simple interest in the Property or any part thereof and only to land it leases or owns. At such time as Applicant ceases to hold either a lease or a fee simple interest in the Property or any part thereof, the obligations and liabilities thereafter accruing (but not any accrued and unperformed obligations and liabilities) must be the obligations or liabilities of Applicant’s successors and assigns, to the extent permitted by law. The Applicant will be released from any liabilities thereafter arising with respect to the Property or such portion thereof once the successor or assignee assumes the Applicant’s obligations.

Applicant’s Obligations. The obligations of the Applicant under this Agreement apply only during the period when it is during which they are the holder of a lease or fee simple interest in the Property or any part thereof and only to land it leases or owns. At such time as Applicant ceases to hold either a lease or a fee simple interest in the Property or any part thereof, the obligations and liabilities thereafter accruing (but not any accrued and unperformed obligations and liabilities) must be the obligations or liabilities of Applicant’s their successors and assigns, to the extent permitted by law. The Applicant will be released from any liabilities thereafter arising with respect to the Property or such portion thereof once the their successor or assignee assumes the Applicant’s their obligations.

Applicant’s Obligations. The obligations of Applicant under this Agreement apply only during the period when it is the holder of a lease or fee simple interest in the Property or any part thereof and only to land it leases or owns. At such time as Applicant ceases to hold either a lease or a fee simple interest in the Property or any part thereof, the obligations and liabilities thereafter accruing (but not any accrued and unperformed obligations and liabilities) must be the obligations or liabilities of Applicant’s successors and assigns, to the extent permitted by law. The Applicant will be released from any liabilities thereafter arising with respect to the Property or such portion thereof once the successor or assignee assumes assmumes the Applicant’s obligations.

Applicant’s Obligations. The obligations of Applicant under this Agreement must apply only during the period when it is the fee simple owner/the holder of a ground lease or fee simple interest in for the Property or any part thereof and only to land it leases or owns. At such time as If the Applicant ceases to own the Property or hold either a ground lease or a fee simple interest in the Property or any part thereof, the obligations and liabilities thereafter accruing (but not any accrued and unperformed obligations and liabilities) must be the obligations or liabilities of Applicant’s successors and assigns, to the extent permitted by law. The Applicant law and the applicant will be released from any liabilities thereafter arising with respect to the Property or such portion thereof once the successor or assignee assumes the Applicant’s obligations.

Applicant’s Obligations. The obligations of Applicant under this Agreement must apply only during the period when it is the fee simple owner/the holder of a ground lease or fee simple interest in for the Property or any part thereof and only as to land it leases or owns. At such time as Applicant ceases to own/hold either a ground lease or a fee simple interest in in, the Property or any part thereof, the obligations and liabilities thereafter accruing (but not any accrued and unperformed obligations and liabilities) must be the obligations or liabilities of Applicant’s successors and and/or assigns, to the extent permitted by law. The law and the Applicant will be released from any liabilities thereafter arising with respect to the Property or such portion thereof once the successor or assignee assumes the Applicant’s obligationsthereof.

Applicant’s Obligations. The obligations of Applicant under this Agreement apply only during the period when it is the holder of a lease or a fee simple interest in the Property or any part thereof and only to land it leases or owns. At such time as the Applicant ceases to hold either a lease or a fee simple interest in the Property or any part thereof, the obligations and liabilities thereafter accruing (but not any accrued and unperformed obligations and liabilities) must be the obligations or liabilities of Applicant’s successors and assigns, to the extent permitted by law. The Applicant will be released from any liabilities thereafter arising with respect to the Property or such portion thereof once the successor or assignee assumes the Applicant’s obligations.

Applicant’s Obligations. The obligations of Applicant under this Agreement will apply only during the period when it is the holder of a lease or fee simple interest in the Property or any part thereof and only to land it leases or owns. At such time as Applicant ceases to hold either a lease an ownership or a fee simple leasehold interest in the Property or any part thereof, the obligations and liabilities thereafter accruing (but not any accrued and unperformed obligations and liabilities) must shall be the obligations or liabilities of Applicant’s successors and and/or assigns, to the extent permitted by law. The Applicant law and the applicant will be released from any liabilities thereafter arising with respect to the Property or such portion thereof once the successor or assignee assumes the Applicant’s obligations.