Landlord’s Assignment Clause Samples

Landlord’s Assignment. Landlord may sell, transfer, mortgage, encumber or assign the Project or this Lease. Within ten (10) days after request by Landlord, upon such sale, transfer, mortgage, encumbrances or assignment, by Landlord, Tenant shall execute, acknowledge and deliver a certificate ("Estoppel Certificate") in recordable form certifying: the capacity of the person executing such certificate and that such person is duly authorized to execute it on behalf of Tenant; the commencement date of this Lease and the date upon which the Term expires; that this Lease is unmodified and in full force and effect (or if modified, in full force and effect as modified); that, to the best of Tenant's knowledge, Landlord is not in default thereunder, that there are no defenses or offsets thereto known to Tenant (if such be the case); and the date to which Rent has been paid.

Landlord’s Assignment. Landlord shall have the right to transfer and assign in whole or in part, by operation of law or otherwise. Its rights and obligations under this Lease whenever Landlord, in its sole judgment, deems it appropriate without any liability to Tenant and Tenant shall attorn to any party to which Landlord transfers the Leased Premises.

Landlord’s Assignment. Anything in this Lease to the contrary notwithstanding, Landlord shall have the right, without Tenant’s consent, to sell, transfer, or assign Landlord’s interest in the Leased Premises and/or this Lease at any time and in such event, Landlord shall be relieved of Landlord’s obligations under this Lease to the extent such obligations arise after the date of such sale, transfer, or assignment, provided that such transferee, or assignee agrees to assume all of the unaccrued obligations under this Lease and agrees to perform to the full extent required under the terms and conditions of this Lease.

Landlord’s Assignment. Landlord shall have the right to sell, convey, transfer, assign, pledge, mortgage or encumber, in whole or in part, all and every feature of Landlord’s rights and obligations hereunder and in the Building and the Property. Upon the occurrence of any sale, conveyance, transfer or assignment, such successor in interest shall be deemed to have assumed Landlord’s rights and obligations under this Lease, Landlord will be released from all obligations hereunder, and Tenant agrees to look solely to such successor in interest of Landlord for the performance of such obligations.

Landlord’s Assignment. If Tenant is notified of Landlord’s assignment of this Lease as security for a Deed of Trust and of the name and address of the Lender, Tenant shall not terminate or cancel this Lease for any default by Landlord without first giving notice of its intention to do so to the Lender (the notice to describe in reasonable detail the nature and extent of the default) and affording the Lender the same opportunity (i.e., period of time) to cure the default as given the Landlord under the terms of this Lease.

Landlord’s Assignment. (a) Subject to Section 13.7(b), the Landlord shall not, without the prior consent of the Tenant in its Discretion, assign all or any portion of this Lease. (b) Notwithstanding the provisions of Section 13.7(a), the Landlord may, without the prior consent of the Tenant, assign all or any portion of this Lease to a corporation established by the City pursuant to Section 203 of the ▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇ (Ontario) and O. Reg. 599/06, all the shares of which are owned by the City or a successor entity to the City, or a wholly owned subsidiary of such a corporation, or to another municipal, provincial or federal entity, including a successor entity to the City. (c) An assignment by the Landlord pursuant to Section 13.7(b) shall relieve the Landlord from all rights, obligations and liabilities hereunder as it relates to the portion of this Lease so assigned, provided that the assignee assumes such rights, obligations and liabilities of the Landlord hereunder. For greater certainty, no assignment relieves the Landlord from any obligation or liabilities arising pursuant to Section 16.2.

Landlord’s Assignment. Landlord shall have the right to transfer, assign and convey, in whole or in part, the Leased Property and any and all of its rights under this Lease by any conveyance that constitutes a Permitted Transfer. (However, any Permitted Transfer shall be subject to all of the provisions of each and every agreement concerning the Leased Property then existing between Landlord and Tenant, including without limitation this Lease and the Purchase Agreement.) If Landlord sells or otherwise transfers the Leased Property and assigns its rights under this Lease, the Purchase Agreement and the Pledge Agreement pursuant to a Permitted Transfer, then to the extent Landlord's successor in interest confirms its liability for the obligations imposed upon Landlord by this Lease, the Purchase Agreement and the Pledge Agreement on and subject to the express terms and conditions set out herein and therein, the original Landlord shall thereby be released from any obligations thereafter arising under this Lease, the Purchase Agreement and the Pledge Agreement, and Tenant will look solely to each successor in interest of Landlord for performance of such obligations. However, notwithstanding anything to the contrary herein contained, if withholding taxes are imposed on the rents and other amounts payable to Landlord hereunder because of Landlord's assignment of this Lease to any citizen of, or any corporation or other entity formed under the laws of, a country other than the United States, Tenant shall not be required to compensate such assignee for the withholding tax. Further, during the Term and so long as no Event of Default has occurred and is continuing, Landlord shall not decrease the percentage of Base Rent it (and/or its Affiliates) is entitled to receive and retain under the Participation Agreement below ten percent (10%) without Tenant's consent, which consent will not be unreasonably withheld.

Landlord’s Assignment. Regardless of Landlord's consent, no subletting or assignment shall release Tenant of Tenant's obligation to pay the rent and perform all other obligations to be performed by Tenant hereunder for the Term of this Lease. The acceptance of rent by Landlord from any other person shall not be deemed to be a waiver by Landlord of any provision hereof. Consent to one assignment or subletting shall not be deemed consent to any subsequent assignment of subletting.

Landlord’s Assignment. Landlord shall have the right to transfer, encumber, and assign, in whole or part, its right, title estate and obligations in the Premises and the Building. From and after the date of such assignment or transfer, Landlord shall be released from all liability with respect to Landlord's obligations hereunder; provided however, that any security deposits with respect to the Premises shall be delivered to Landlord's assignee, and provided that the terms herein shall be binding upon transferees and assignees for the term of this Lease. Tenant shall be bound to such assignee in accordance with the provisions of this Lease and shall attorn to such assignee.