Sale of Premises by Landlord Sample Clauses

Sale of Premises by Landlord. In the event of any sale of the Premises by Landlord, Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission occurring after the consummation of such sale; and the purchaser, at such sale or any subsequent sale of the Premises, shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of Landlord under this Lease.
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Sale of Premises by Landlord. In the event Landlord ever determines that it desires to sell the Premises, Landlord agrees not to market or sell the Premises without first complying with the provisions of this Section 40.
Sale of Premises by Landlord. In the event of any sale, exchange or other conveyance of Landlord's interest in the Development or any portion or portions thereof by Landlord and an assignment by Landlord of this Lease, Landlord shall be entirely freed and relieved of all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission relating to the Premises or this Lease occurring after the consummation of such sale, exchange or conveyance and assignment.
Sale of Premises by Landlord. In the event of any sale or exchange by the Landlord of its interest in the Premises and assignment by Landlord of this Lease, Landlord shall be released and relieved of all liability under any and all of its covenants and obligations contained in or derived from this Lease accruing after the consummation of such sale or exchange and assignment.
Sale of Premises by Landlord. Except in the case of the sale of all or a portion of the Premises to the City of Rio Rancho, New Mexico in connection with an industrial revenue bond transaction, as described below, if the Premises are sold by Landlord, Landlord will be entirely freed and relieved of all liability as provided in any and all of the obligations of Landlord as provided in this Lease arising out of any act, occurrence or omission occurring after the closing of the sale, and the purchaser of the Premises will be deemed, without any further agreement between the parties or their successors-in-interest or between the parties and the purchaser, to have assumed and agreed to carry out any and all of the obligations of Landlord as provided in this Lease.
Sale of Premises by Landlord. In the event of any sale of the Premises by the Landlord and the assignment of this Lease to the Purchaser, upon execution and delivery to Tenant of a written agreement to assume and carry out the duties and obligations of the Landlord under this Lease, the Landlord shall be entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder arising out of any act or omission occurring after the consummation of such sales.
Sale of Premises by Landlord. In the event of any sale of the Premises, Landlord shall be entirely free and 42 relieved of all liability under any and all of Landlord's covenants and obligations contained in or derived from this Lease; provided that Landlord furnishes Tenant with a written agreement of the purchaser (who has reasonable capacity to perform), in recordable form, to the effect that the purchaser assumes and agrees to carry out any and all of the covenants and obligations of Landlord under this Lease. Landlord agrees to comply with all requirements of law regarding advance payments and deposits made by Tenant.
Sale of Premises by Landlord. In the event of any sale of the Project as a whole, or the transfer of the Building in which Premises are located and/or Project to any other party or entity, Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission occurring after the consummation of such sale or transfer; and the purchaser or such transferee shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser or transferee, to have assumed and agreed to carry out any and all covenants and obligations of the Landlord under this Lease. Tenant hereby agrees to attorn to any such purchaser or transferee. Tenant agrees to execute any and all documents deemed necessary or appropriate by Landlord to evidence the foregoing. Initial ________
Sale of Premises by Landlord. In the event of any sale or exchange of the Office Building of which the Premises are pan by Landlord and assignment by Landlord of this Lease, other than by foreclosure, and the assumption by a financially responsible party of Landlord's obligation under this Lease, Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurring after the consummation of such sale or exchange and assignment. In the event of a sale or exchange of the Office Building, this Lease shall be assumed by the party purchasing the Office Building.
Sale of Premises by Landlord. In the event of any sale or exchange of the Premises by Landlord and assignment by Landlord of this Lease, Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission relating to the Premises accruing after the consummation of such sale or exchange and assignment, provided such purchaser or assignee shall expressly assume said covenants and obligations of Landlord, Landlord may deliver the funds deposited hereunder by Tenant to the purchaser of Landlord's interest in the Premises in the event that such interest be sold and thereupon Landlord shall be discharged from any further liability with respect to such deposit. This provision shall also apply to any subsequent transferees.