Common use of LESSOR'S ASSIGNMENT Clause in Contracts

LESSOR'S ASSIGNMENT. The Lessor shall have the right to assign any of its rights, duties or obligations under this Lease without the prior written consent of the other Party, to a purchase of the Premises, provided that such assignee agrees in writing to be bound by all of the terms and conditions of this Lease. Following such assignment, including the delivery to the assignee of the balance of the any security deposit, if any, given by Lessee to Lessor in accordance with this Lease, (a) the Lessee shall recognize and attorn to the assignee and (b) the assignor shall be automatically released from any and all liabilities and/or obligations arising hereunder from and after the effective date of such assignment to the extent assumed in writing by the assignee. At the request of the Lessor, the Lessee shall execute an estoppel certificate and such other instruments as are reasonably requested by the Lessor to confirm any such assignment and the continuing viability of this Lease.