Common use of SALE BY LANDLORD Clause in Contracts

SALE BY LANDLORD. In the event of sale, conveyance, assignment or transfer by Landlord of its interest in the Project or in the Building or in this Lease, the same shall operate to release Landlord (subject to the second paragraph of Section 17 hereof) from any future obligations and any future liability for or under any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease shall not be affected by any such sale, conveyance or transfer.

Appears in 2 contracts

Samples: Indenture (Naviant Inc), Indenture (Open Port Technology Inc)

AutoNDA by SimpleDocs

SALE BY LANDLORD. In the event of sale, conveyance, assignment sale or conveyance or transfer by Landlord of its interest in the Project or in the Building or in this Lease, the same shall operate to release Landlord (subject to the second paragraph of Section 17 hereof) from any future obligations and any future liability for or under any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease shall not be affected by any such sale, conveyance or transfer.

Appears in 2 contracts

Samples: Lease (Medical Solutions Management Inc.), Lease (Certified Diabetic Services Inc)

SALE BY LANDLORD. In the event of sale, conveyance, assignment sale or conveyance or transfer by Landlord of its interest in the Project or in the Building or in this Lease, the same shall operate to release Landlord (subject to the second paragraph of Section 17 hereofhereof entitled Security Deposit) from any future obligations and any future liability for or under any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease shall not be affected by any such sale, conveyance or transfer.

Appears in 2 contracts

Samples: Indenture (Metavante Corp), Indenture (Metavante Corp)

SALE BY LANDLORD. In the event of sale, conveyance, assignment sale or conveyance or transfer by Landlord of its interest in the Project or in the Building or in this Lease, the same shall operate to release Landlord (subject to the second paragraph last sentence of Section 17 hereof) from any future obligations and any future liability for or under any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease shall not be affected by any such sale, conveyance or transfer.

Appears in 2 contracts

Samples: Office Lease (Interactive Group Inc), Office Lease (Ebenx Inc)

SALE BY LANDLORD. In the event of sale, conveyance, assignment sale or conveyance or transfer by Landlord of its interest in the Project or in the Building or in this Lease, the same shall operate to release Landlord (subject to the second paragraph of Section 17 hereofhereof entitled Security Deposit) from any future obligations and any future liability for or under any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease lease shall not be affected by any such sale, conveyance or transfer.

Appears in 1 contract

Samples: Metavante Corp

AutoNDA by SimpleDocs

SALE BY LANDLORD. In the event of sale, conveyance, assignment sale or conveyance or transfer by Landlord of its interest in the Project or in any Building or Buildings in which the Building Leased Premises are located or in this Lease, the same shall operate to release Landlord (subject to the second paragraph of Section 17 hereof) from any future obligations and any future liability for or under upon any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this LeaseLease provided that the transferee assumes Landlord's obligations hereunder. This Lease shall not be affected by any such sale, conveyance or transfer.

Appears in 1 contract

Samples: Lease (Pc Tel Inc)

SALE BY LANDLORD. In the event of sale, conveyance, assignment sale or conveyance or transfer by Landlord of its interest in the Project or in the Building or in this Lease, the same shall operate to release Landlord (subject to the second paragraph last sentence of Section 17 hereof) from any future obligations and any future liability for or under any of the covenants or conditions, express or implied, implied herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, . Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease shall not be affected by any such sale, sale conveyance or transfer.

Appears in 1 contract

Samples: Lease Agreement (Quest Resource Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.