Assignment of Rents. (a) With reference to any assignment by Landlord of Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and, except as aforesaid, such holder shall be treated as having assumed Landlord’s obligations hereunder only upon foreclosure of such holder’s mortgage and the taking of possession of the Premises.
Appears in 7 contracts
Samples: Office Lease Agreement (resTORbio, Inc.), Lease Agreement (Ikena Oncology, Inc.), Office Lease Agreement (Atea Pharmaceuticals, Inc.)
Assignment of Rents. (a) With reference to any assignment by Landlord of Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder Holder of a mortgage Mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder Holder of such mortgage Mortgage shall never be treated as an assumption by such holder Holder of any of the obligations of Landlord hereunder unless such holder Holder shall, by notice sent to Tenant, specifically otherwise elect and, except as aforesaid, such holder Holder shall be treated as having assumed Landlord’s obligations hereunder only upon foreclosure of such holderHolder’s mortgage Mortgage and the taking of possession of the Premises.
Appears in 4 contracts
Samples: Lease (Caliper Life Sciences Inc), Lease (Deciphera Pharmaceuticals, Inc.), Lease (Chiasma, Inc)
Assignment of Rents. (a) With reference to any assignment by Landlord of Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by LandlordXxxxxxxx, and the acceptance thereof by the holder of such mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and, except as aforesaid, such holder shall be treated as having assumed Landlord’s obligations hereunder only upon foreclosure of such holder’s mortgage and the taking of possession of the Premises.
Appears in 3 contracts
Samples: Office Lease Agreement (Klaviyo, Inc.), Office Lease Agreement (Klaviyo, Inc.), Office Lease Agreement (Haemonetics Corp)
Assignment of Rents. (a) 12.2.1 With reference to any assignment by Landlord of Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which that includes the Premises, Tenant Txxxxx agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and, except as aforesaid, such holder shall be treated as having assumed Landlord’s obligations hereunder only upon foreclosure of such holder’s mortgage and the taking of possession of the Premises.
Appears in 2 contracts
Samples: Lease Agreement (Ionis Pharmaceuticals Inc), Purchase and Sale Agreement (Ionis Pharmaceuticals Inc)
Assignment of Rents. (a) With reference to any assignment by Landlord of Landlord’s 's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premisesapartment, Tenant agrees agrees: (a) that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage holder, shall never be treated as deemed an assumption by such holder of any of the obligations obligation of Landlord hereunder hereunder, unless such holder shall, shall by written notice sent to Tenant, specifically otherwise elect andelect; and (b) that, except as aforesaid, such holder shall be treated as having assumed Landlord’s 's obligations hereunder only upon foreclosure of such holder’s 's mortgage and the taking of possession of the PremisesUnit.
Appears in 1 contract
Samples: Agreement of Lease
Assignment of Rents. (a) With reference to any assignment by Landlord of Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder Holder of a mortgage Mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder Holder of such mortgage Mortgage shall never be treated as an assumption by such holder Holder of any of the obligations of Landlord hereunder unless such holder Holder shall, by notice sent to Tenant, specifically otherwise elect and, except as aforesaid, such holder Holder shall be he treated as having assumed Landlord’s obligations hereunder only upon foreclosure of such holderHolder’s mortgage Mortgage and the taking of possession of the Premises.
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Assignment of Rents. (a) 17.02.1 With reference to any assignment by Landlord of Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes the Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and, except as aforesaid, such holder shall be treated as having assumed Landlord’s obligations hereunder only upon foreclosure of such holder’s mortgage and the taking of possession of the Premises.
Appears in 1 contract
Samples: Lease Agreement (Icosavax, Inc.)
Assignment of Rents. (a) 12.2.1 With reference to any assignment by Landlord of Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which that includes the Premises, Tenant Xxxxxx agrees that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage shall never be treated as an assumption by such holder of any of the obligations of Landlord hereunder unless such holder shall, by notice sent to Tenant, specifically otherwise elect and, except as aforesaid, such holder shall be treated as having assumed Landlord’s obligations hereunder only upon foreclosure of such holder’s mortgage and the taking of possession of the Premises.
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Assignment of Rents. (a) With reference to any assignment by Landlord of ------------------- Landlord’s 's interest in this Lease, or the rents Rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage on property which includes of the Premises, Tenant agrees agrees: (i) that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage holder, shall never be treated as deemed an assumption by such holder of any of the obligations of Landlord hereunder hereunder, unless such holder shall, by written notice sent to Tenant, specifically otherwise elect andelect; and (ii) that, except as aforesaid, such holder shall be treated as having assumed Landlord’s 's obligations hereunder only upon foreclosure of such holder’s 's mortgage and or the taking of possession of the Premises.
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