Common use of Landlord’s Assignment Clause in Contracts

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.

Appears in 2 contracts

Samples: Office Building Lease (Heartland Payment Systems Inc), Office Building Lease (Avatar Systems Inc)

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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 '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 '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.

Appears in 2 contracts

Samples: Office Lease Agreement (Nexplore Corp), Office Lease Agreement (Jamba, Inc.)

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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 '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 's rights and obligations under this Lease, . Landlord will shall be released from all obligations hereunder, hereunder and Tenant agrees to look solely to such successor in interest of Landlord for the performance of such obligations.

Appears in 1 contract

Samples: Office Lease (Royal Financial Corp)

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