SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY. (a) In the event of a sale or conveyance by Landlord of the Building or the Project, Landlord shall be released from any and all liability under this Lease. If the Security Deposit has been deposited by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice thereof, Landlord shall be discharged from any further liability in reference thereto.
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Samples: Office Lease (Carlyle Group L.P.), Office Lease (Inuvo, Inc.), Office Lease (Zoom Video Communications, Inc.)
SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY. (a) In the event of a sale or conveyance by Landlord of the Building or the Project, Landlord shall be released from any and all liability under this Lease. If the Security Deposit has been deposited made by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice thereof, Landlord shall be discharged from any further liability in reference thereto.
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Samples: Office Lease (Roberts Realty Investors Inc), The Lease Agreement (Health Net Inc), Office Lease (Digitalglobe Inc)
SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY. (a) In the event of a sale or conveyance by Landlord of the Building or the Project, Landlord shall be released from any and all liability under this Lease; provided such transferee agrees to assume liability under this Lease. If the Security Deposit has been deposited made by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice Notice thereof, Landlord shall be discharged from any further liability in reference thereto.
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Samples: Office Lease (EVO Transportation & Energy Services, Inc.)
SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY. (a) In the event of a sale or conveyance by Landlord of the Building or the Project, Landlord shall be released from any and all liability under this LeaseLease thereafter arising to the extent such obligations have been assured by the transferee. If the Security Deposit has been deposited by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice thereof, Landlord shall be discharged from any further liability in reference thereto.
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Samples: Office Lease (Honest Company, Inc.)
SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY. (a) In the event of a sale or conveyance by Landlord of the Building or the ProjectLand, Landlord shall be released from any and all liability under this Lease. If the Security Deposit has been deposited by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice thereof, Landlord shall be discharged from any further liability in reference thereto.
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SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY. (a) In the event of a sale or conveyance by Landlord of the Building or the Project, Landlord shall be released from any and all liability under this Lease, provided that the purchaser of the Building assumes the Lease. If the Security Deposit has been deposited made by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice thereof, Landlord shall be discharged from any further liability in reference thereto.
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Samples: Lease (INSURE.COM, Inc)
SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY. (a) In the event of a sale or conveyance by Landlord of the Building or the Project, Landlord shall be released from any and all liability under this Lease. If the Security Deposit has been deposited by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit (or any remaining balance at such time) to the purchaser, and upon delivery to Tenant of notice thereof, Landlord shall be discharged from any further liability in reference thereto.
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SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY. (a) In the event of a sale or conveyance by Landlord of the Building or the Project, provided that the transferee expressly assumes all of Landlord's obligations hereunder, Landlord shall be released from any and all liability under this Lease. If the Security Deposit has been deposited made by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice thereof, Landlord shall be discharged from any further liability in reference thereto.
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SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY. (a) In the event of a sale or conveyance by Landlord of the Building or the Project, Landlord shall be released from any and all liability under this LeaseLease for periods from and after such sale or conveyance. If the Security Deposit has been deposited by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice thereof, Landlord shall be discharged from any further liability in reference thereto.
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SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY. (a) In the event of a sale or conveyance by Landlord of the Building or the Project, Landlord shall be released from any and all liability under this LeaseLease arising from and after the sale of the Building or Project, as the case may be. If the Security Deposit has been deposited by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice thereof, Landlord shall be discharged from any further liability in reference thereto.
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SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY. (a) In the event of a sale or conveyance by Landlord of the Building or the ProjectLand, Landlord shall be released from any and all liability under this Lease thereafter accruing under this Lease. If the Security Deposit has been deposited by Tenant to Landlord prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice thereof, Landlord shall be discharged from any further liability in reference thereto.
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