Common use of Protection of Brokers Clause in Contracts

Protection of Brokers. If Lessor sells the Premises, or assigns Lessor’s interest in this Lease, the buyer or assignee shall, by accepting in writing such conveyance of the Premises or assignment of the Lease, be conclusively deemed to have agreed to make all payments to Lessor’s Broker thereafter required of Lessor under this Paragraph 36. Lessor’s Broker shall have the right to bring a legal action to enforce or declare rights under this provision. The prevailing party in such action shall be entitled to reasonable attorneys’ fees to be paid by the losing party. Such attorneys’ fees shall be fixed by the court in such action. This Paragraph is included in this Lease for the benefit of Lessor’s Broker, which is an intended third party beneficiary.

Protection of Brokers. If Lessor Xxxxxx sells the Premises, or assigns LessorXxxxxx’s interest in this Lease, the buyer or assignee shall, by accepting in writing such conveyance of the Premises or assignment of the Lease, be conclusively deemed to have agreed to make all payments to LessorXxxxxx’s Broker thereafter required of Lessor under this Paragraph 3628. Lessor’s Broker shall have the right to bring a legal action to enforce or declare rights under this provision. The prevailing party in such action shall be entitled to reasonable attorneys’ fees to be paid by the losing party. Such attorneys’ fees shall be fixed by the court in such action. This Paragraph is included in this Lease for the benefit of LessorXxxxxx’s Broker, which is an intended third party beneficiary.

Protection of Brokers. If Lessor Xxxxxx sells the Premises, or assigns LessorXxxxxx’s interest in this Lease, the buyer or assignee shall, by accepting in writing such conveyance of the Premises or assignment of the Lease, be conclusively deemed to have agreed to make all payments to LessorXxxxxx’s Broker thereafter required of Lessor under this Paragraph 3628. Lessor’s Broker shall have the right to bring a legal action to enforce or declare rights under this provision. The prevailing party in such action shall be entitled to reasonable attorneys’ fees to be paid by the losing party. Such attorneys’ fees shall be fixed by the court in such action. This Paragraph is included in this Lease for the benefit of LessorXxxxxx’s Broker, which is an intended third party beneficiary.