Conveyance by Landlord. If Landlord or any successor owner of the Premises shall convey the Premises in accordance with the terms hereof, Landlord or such successor owner shall thereupon be released from all future liabilities and obligations of Landlord under this Lease arising or accruing from and after the date of such conveyance or other transfer as to the Premises and all such future liabilities and obligations shall thereupon be binding upon the new owner.
Appears in 9 contracts
Samples: Lease and Security Agreement (American Retirement Corp), Lease and Security Agreement (Sterling House Corp), Lease Agreement (American Retirement Corp)
Conveyance by Landlord. If Landlord or any successor owner of the Premises shall convey any portion of the Premises in accordance with the terms hereof, Landlord or such successor owner shall thereupon be released from all future liabilities and obligations of Landlord under this Lease arising or accruing from and after the date of such conveyance or other transfer as to such portion of the Premises and all such future liabilities and obligations shall thereupon be binding upon the new owner.
Appears in 3 contracts
Samples: Master Lease and Security Agreement (American Retirement Corp), Master Lease and Security Agreement (American Retirement Corp), Master Lease and Security Agreement (American Retirement Corp)
Conveyance by Landlord. If Landlord or any successor owner of the Premises shall convey all or any portion of the Premises in accordance with the terms hereof, Landlord or such successor owner shall thereupon be released from all future liabilities and obligations of Landlord under this Lease arising or accruing from and after the date of such conveyance or other transfer as to all or any portion of the Premises and all such future liabilities and obligations shall thereupon be binding upon the new owner.
Appears in 2 contracts
Samples: Master Lease and Security Agreement (Balanced Care Corp), Master Lease and Security Agreement (Balanced Care Corp)
Conveyance by Landlord. If Landlord or any successor owner of the Premises shall convey the Premises in accordance with the terms hereof, Landlord or such successor owner shall thereupon be released from all future liabilities and obligations of Landlord under this Lease arising or accruing from and after the date of such conveyance or other transfer as to the Premises Premise and all such future liabilities and obligations shall thereupon be binding upon the new owner.
Appears in 1 contract
Samples: Lease and Security Agreement (Province Healthcare Co)
