Landlord Definition Clause Samples
Landlord Definition. The term “Landlord” as used in this Lease means only the owner of fee simple title of the Property, or the Lender in possession for the time being of the Property so that in the event of any sale, or other transfer of the Property, Landlord shall be and hereby is entirely freed and relieved of all obligations of Landlord hereunder and it shall be deemed without further agreement between the parties and such purchaser(s), assignee(s) or Tenant(s) that the purchaser, assignee or Tenant has assumed and agreed to observe and perform all obligations of Landlord hereunder. Notwithstanding anything to the contrary provided in this Lease, it is specifically understood and agreed, such agreement being a primary consideration for the execution Lease by Landlord, that Landlord’s obligations and liability with respect to this Lease shall be limited solely to Landlord’s interest in the Property and improvements thereon, as such interest is constituted from time to time, which interest shall include all proceeds from the sale of the building, insurance awards, and Condemnation awards, and neither Landlord nor any partner of Landlord, or any officer, director, shareholder, manager, partner or member, shall have any individual or personal liability whatsoever with respect to this Lease.
Landlord Definition. The term "Landlord" as used in this Lease means only the owner of fee simple title of the Premises, or the mortgagee in possession for the time being of the Premises so that in the event of any sale, or other transfer of the Premises, Landlord shall be and hereby is entirely freed and relieved of all obligations of Landlord hereunder, provided and only to the extent that the purchaser or assignee has assumed and agreed in writing to observe and perform all obligations of Landlord hereunder. Notwithstanding anything to the contrary provided in this Lease, it is specifically understood and agreed, such agreement being a primary consideration for the execution of the Lease by Landlord, that Landlord's obligations and liability with respect to this Lease shall be limited solely to Landlord's interest in the building and the Premises, as such interest is constituted from time to time, which interest shall include all proceeds from the sale of the building, insurance awards, and condemnation awards, and neither Landlord nor any partner of Landlord, or any officer, director, shareholder, manager, partner or member, shall have any individual or personal liability whatsoever with respect to this Lease.
Landlord Definition. For the purposes of this Article 19, the term “Landlord” shall include the lessors under superior leases, the holders of superior mortgages, and the sponsor and Board of Managers of the Condominium (as defined in Article 6 above).
Landlord Definition. All references to “Landlord” throughout the Agreement are hereby replaced with the term “Owner”.
Landlord Definition. The term “Landlord” as used in this Lease means only the owner of fee simple title of the Property, or the Lender in possession for the time being of the Property so that in the event of any sale, or other transfer of the Property, Landlord shall be and hereby is entirely freed and relieved of all obligations of Landlord hereunder thereafter arising and it shall be deemed without further agreement between the parties and such purchaser(s), assignee(s) or Tenant(s) that the purchaser, assignee or Tenant has assumed and agreed to observe and perform all obligations of Landlord hereunder. Notwithstanding anything to the contrary provided in this Lease, it is specifically understood and agreed, such agreement being a primary consideration for the execution Lease by Landlord, that Landlord’s obligations and liability with respect to this Lease shall be limited solely to Landlord’s interest in the building and the Property, as such interest is constituted from time to time, which interest shall include all proceeds from the sale of the building, insurance awards, and Condemnation awards.