LIABILITY OF TRANSFEREE. In no event shall any transferee of any Owner be liable for any default of the transferring Owner under this Declaration which occurred prior to the effective date of the transfer; PROVIDED, HOWEVER, nothing contained in this Section shall affect the existence, priority, validity or enforceability of any lien placed upon the transferred Parcel or portion thereof pursuant to Section 3.9.
Appears in 5 contracts
Samples: Office Lease (Peregrine Systems Inc), Office Lease (Peregrine Systems Inc), Office Lease (Peregrine Systems Inc)