Common use of Assignment by Landlord Clause in Contracts

Assignment by Landlord. In the event of the transfer and assignment by Landlord of Its interest in this Lease and in the building containing the Leased Premises to a person expressly assuming Landlord's obligations under this Lease, Landlord shall thereby be released from any further obligations hereunder, and Tenant agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant's obligations hereunder may be assigned and transferred by Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating thereto.

Appears in 2 contracts

Samples: Center Lease (Etravelserve Com Inc), Center Lease (Etravelserve Com Inc)

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Assignment by Landlord. In the event of the Landlord may transfer and assignment by Landlord of Its or assign its interest in this Lease and in Lease, the building containing Building and/or the Leased Premises to a any person expressly or entity assuming Landlord's obligations under this LeaseLease without Tenant’s consent. Upon any such transfer or assignment, Landlord Xxxxxxxx shall thereby be released from any further obligations obligation hereunder, and Tenant Xxxxxx agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security given by Tenant Xxxxxx to secure performance of TenantXxxxxx's obligations hereunder may be assigned and transferred by Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating thereto.

Appears in 1 contract

Samples: Office Lease Agreement (IDEAYA Biosciences, Inc.)

Assignment by Landlord. In the event of the transfer and assignment by Landlord of Its its interest in this Lease and and/or in the building containing the Leased Premises to a person expressly assuming Landlord's obligations under this Lease, Landlord shall thereby be released from any further obligations hereunderthereunder, and Tenant agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant's obligations hereunder may be assigned and transferred by Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating thereto. 12.

Appears in 1 contract

Samples: Galacticomm Technologies Inc

Assignment by Landlord. In the event of the transfer and assignment by Landlord of Its its interest in this Lease and and/or in the building containing the Leased Premises to a person expressly assuming Landlord's obligations under this Lease, Landlord shall thereby be released from any further obligations hereunderthereunder, and Tenant agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant's obligations hereunder may be assigned and transferred by Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating thereto.

Appears in 1 contract

Samples: Andrx Corp

Assignment by Landlord. In the event of the transfer and or assignment by Landlord of Its its interest in this Lease and in the building containing the Leased Premises to a person expressly an assignee assuming Landlord's ’s obligations under this Lease, Landlord shall thereby be released from any further obligations hereunder, and Tenant agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant's ’s obligations hereunder may be assigned and transferred by Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating thereto.

Appears in 1 contract

Samples: Shopping Center Lease (Fast Casual Concepts, Inc.)

Assignment by Landlord. In the event of the transfer and a sale or assignment by Landlord of Its interest in this Lease and in the building containing the Leased Premises to a person expressly assuming Landlord's obligations under this Lease, or any part thereof by Landlord, the same shall operate to release Landlord shall thereby be released from any further obligations hereunderfuture liability upon any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event Tenant agrees to shall look solely to such the successor in interest of the Landlord for performance of such obligationsLandlord. Any If any security shall be given by Tenant to secure the faithful performance of Tenant's obligations hereunder ’s covenants in this Lease, Landlord may be assigned and transferred by Landlord transfer the security, as such, to such successor in interestthe purchaser or transferee of the Premises, and thereupon Landlord shall thereby be discharged of from any further obligation relating liability in reference thereto.

Appears in 1 contract

Samples: Lease (Grom Social Enterprises, Inc.)

Assignment by Landlord. In the event of the transfer and assignment by Landlord of Its its interest in this Lease and and/or in the building containing the Leased Premises to a person expressly assuming Landlord's ’s obligations under this Lease, Landlord shall thereby be released from any further obligations hereunderthereunder, and Tenant agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant's ’s obligations hereunder may be assigned and transferred by Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating thereto.

Appears in 1 contract

Samples: Lease Agreement (Transcat Inc)

Assignment by Landlord. In the event of the transfer and or assignment by Landlord of Its its interest in this Lease and in the building Building containing the Leased Premises to a person expressly or entity assuming Landlord's obligations under this Lease, Landlord shall thereby be released from any further obligations hereunder, and Tenant agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant's obligations hereunder may be assigned and transferred by Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating thereto.

Appears in 1 contract

Samples: Article Xiv Non (Creditrust Corp)

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Assignment by Landlord. In the event of the transfer and assignment by Landlord of Its its interest in this Lease and in the building containing the Leased Premises Property to a person expressly assuming Landlord's ’s obligations under this Lease, Landlord shall thereby be released from any further obligations hereunderhereunder (but Landlord shall not be released from any obligations accruing prior to any such transfer or assignment), and Tenant agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant's ’s obligations hereunder may be assigned and transferred by Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating thereto.

Appears in 1 contract

Samples: Attornment and Non Disturbance Agreement (Argyle Security, Inc.)

Assignment by Landlord. In the event of the transfer and assignment by Landlord of Its its interest in this Lease and and/or in the building containing the Leased Premises to a person expressly assuming Landlord's obligations under this Lease, Landlord shall thereby be released from any further obligations hereunderthereunder, and Tenant agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant's obligations hereunder may be assigned and transferred by Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating thereto.. ------------------ Tenant Landlord ------------------ ------------------ Page 7 of 19

Appears in 1 contract

Samples: Geerlings & Wade Inc

Assignment by Landlord. In the event of the transfer and assignment by Landlord of Its its interest in this Lease and in the building containing the Leased Premises to a person expressly assuming Landlord's ’s obligations under this Lease, Landlord shall thereby be released from any further obligations hereunder, and Tenant agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant's ’s obligations hereunder may shall be assigned and transferred by Landlord to such successor in interest, interest and Landlord shall thereby be discharged of any further obligation relating thereto.

Appears in 1 contract

Samples: Purchase Agreement (Superior Drilling Products, Inc.)

Assignment by Landlord. In the event of the transfer and or assignment by Landlord of Its its interest in this Lease and in the building containing the Leased Premises to a person expressly an assignee assuming Landlord's obligations under this Lease, Landlord shall thereby be released from any further obligations hereunder, and Tenant agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant's obligations hereunder may be assigned and transferred by Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating thereto.

Appears in 1 contract

Samples: Shopping Center Lease (Fast Casual Concepts, Inc.)

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