EFFECT OF CONVEYANCE. The term “Landlord” as used in this Lease, means only the owner for the time being of the Property containing the Building, so that, in the event of any sale of the Property or the Building, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing from and after the transfer, and it shall be deemed and construed, without further agreement between the parties and the purchaser at any such sale, that the purchaser of the Property or the Building has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder.
Appears in 4 contracts
Samples: Lease Agreement (Silicon Graphics Inc), Lease Agreement (Aerohive Networks, Inc), Lease Agreement (Silicon Image Inc)
EFFECT OF CONVEYANCE. The term “"Landlord” " as used in this Lease, means only the owner for the time being of the Property containing the Building, so that, in the event of any sale of the Property or the Building, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing from and after the transfer, and it shall be deemed and construed, without further agreement between the parties and the purchaser at any such sale, that the purchaser of the Property or the Building has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder.
Appears in 2 contracts
Samples: Lease Agreement (Globalcenter Inc), Sublease Agreement (Oak Technology Inc)
EFFECT OF CONVEYANCE. The term “"Landlord” " as used in this Lease, means only the owner for the time being of the Property containing the Building, so that, in the event of any sale of the Property or the Building, . Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing from and after the transfer, and it shall be deemed and construed, without further agreement between the parties and the purchaser at any such sale, that the purchaser of the Property or the Building has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder.
Appears in 1 contract
EFFECT OF CONVEYANCE. The term “"Landlord” " as used in this Lease, means only the owner for the time being of the Property containing the BuildingPremises, so that, in the event of any sale of the Property or the BuildingPremises, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder accruing from and after the transfer, and it shall be deemed and construed, without further agreement between the parties and the purchaser at any such sale, that the purchaser of the Property or the Building Premises has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder.
Appears in 1 contract
Samples: Lease Agreement (Scios Inc)
