Common use of Effect of Sale Clause in Contracts

Effect of Sale. 24.1 A sale, conveyance, or assignment of the Building or the Project shall operate to release Landlord from liability from and after the effective date of such sale, conveyance, or assignment upon all of the covenants, terms, and conditions of this Lease, express or implied, except those liabilities that arose prior to such effective date, and, after the effective date of such sale, conveyance, or assignment, Tenant shall look solely to Landlord's successor in interest in and to this Lease. This Lease will not be affected by any such sale, conveyance, or assignment, and Tenant shall attorn to Landlord's successor in interest to this lease subject to the provisions of Section 19.2.

Appears in 4 contracts

Samples: Lease Agreement (World Wide Magic Net Inc), Lease Agreement (World Wide Magic Net Inc), Lease Agreement (World Wide Magic Net Inc)

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Effect of Sale. 24.1 A sale, conveyance, or assignment of the Building or the Project shall will operate to release Landlord from liability from and after the effective date of such sale, conveyance, or assignment upon all of the covenants, terms, and conditions of this Lease, express or implied, except those liabilities that arose prior to such effective date, and, after the effective date of such sale, conveyance, or assignment, Tenant shall will look solely to Landlord's successor in interest in and to this Lease. This Lease will not be affected by any such sale, conveyance, or assignment, and Tenant shall will attorn to Landlord's successor in interest to this lease subject to the provisions of Section 19.2Lease from and after such effective date.

Appears in 3 contracts

Samples: Office Lease (Accredited Home Lenders Holding Co), Office Lease (Xcarenet Inc), Office Lease (Idt Corp)

Effect of Sale. 24.1 A sale, conveyance, or assignment of the Building or the Project shall operate to release Landlord from liability from and after the effective date of such sale, conveyance, or assignment upon all of the covenants, terms, and conditions of this Lease, express or implied, except those liabilities that arose prior to such effective date, and, after the effective date of such sale, conveyance, or assignment, Tenant shall look solely to Landlord's ’s successor in interest in and to this Lease. This Lease will shall not be affected by any such sale, conveyance, or assignment, and Tenant shall attorn to Landlord's ’s successor in interest to this lease subject to Lease, so long as such successor in interest assumes Landlord’s obligations under the provisions of Section 19.2Lease from and after such effective date.

Appears in 3 contracts

Samples: Office Lease (Clarus Therapeutics Inc), Office Lease (Blue Water Acquisition Corp.), Office Lease (Clarus Therapeutics Inc)

Effect of Sale. 24.1 A sale, conveyance, or assignment of the Building or the Project shall operate to release Landlord from liability from and after the effective date of such sale, conveyance, or assignment upon all of the covenants, terms, and conditions of this Lease, express or implied, except those liabilities that arose prior to such effective date, and, after the effective date of such sale, conveyance, or assignment, Tenant shall look solely to Landlord's ’s successor in interest in and to this Lease. This Lease will shall not be affected by any such sale, conveyance, conveyance or assignment, assignment and Tenant shall attorn to Landlord's ’s successor in interest to this lease subject to Lease, so long as such successor in interest assumes Landlord’s obligations under the provisions of Section 19.2Lease from and after such effective date.

Appears in 2 contracts

Samples: Office Lease (Acucela Inc), Office Lease (Dendreon Corp)

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Effect of Sale. 24.1 A sale, conveyance, or assignment of the Building or the Project shall project will operate to release Landlord from liability from and after the effective date of such sale, conveyance, or assignment upon all of the covenants, terms, and conditions of this Lease, express or implied, except those liabilities that arose prior to such effective date, and, after the effective date of such sale, conveyance, or assignment, Tenant shall will look solely to Landlord's successor in interest in and to this Lease. This Lease will not be affected by any such sale, conveyance, or assignment, and Tenant shall will attorn to Landlord's successor in interest to this lease subject to Lease, so long as such successor in interest assumes Landlord's obligations under the provisions of Section 19.2Lease from and after such effective date.

Appears in 1 contract

Samples: Office Lease (Vanguard Airlines Inc \De\)

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