Release of Deed of Trust. If any holder of a leasehold deed of trust shall acquire title to Tenant’s interest in this Lease, by foreclosure of a deed of trust thereon or by assignment in lieu of foreclosure or by an assignment from a nominee or wholly owned subsidiary corporation of such holder, or under a new lease pursuant to this Article, such holder may assign such lease and shall thereupon be released from all liability for the performance or observance of the covenants and conditions in such lease contained on Tenant’s part to be performed and observed from and after the date of such assignment, provided that the assignee from such deeds of trust shall have assumed this Lease and agreed to perform and observe the covenants and conditions in this Lease contained on Tenant’s part to be performed and observed.
Appears in 4 contracts
Samples: Air Rights Lease Agreement, Air Rights Lease Agreement, Rights Lease Agreement
