Common use of Sale of Premises by Landlord Clause in Contracts

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 sale.

Appears in 3 contracts

Samples: Lease (Social Capital Suvretta Holdings Corp. I), Lease (Social Capital Suvretta Holdings Corp. I), First Lease (Details Inc)

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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 PurchaserLandlord, 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 and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence or omission occurring after the consummation of such sale. Any such sale shall be subject to this Lease.

Appears in 1 contract

Samples: Center Lease (Franklin Financial Network Inc.)

Sale of Premises by Landlord. In the event of any sale sale, exchange or other conveyance of the Premises building or any portion or portions thereof by the Landlord and the or an assignment by Landlord 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 and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence or omission relating to the Premises or this Lease occurring after the consummation of such sale, exchange, conveyance or assignment.

Appears in 1 contract

Samples: Lease Agreement (Hart Industries Inc)

Sale of Premises by Landlord. In the event of any sale sale, exchange or other conveyance of Landlord's interest in the Premises Development or any portion or portions thereof by the Landlord and the an assignment by Landlord 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 contained in or derived from this Lease arising out of any act act, occurrence or omission relating to the Premises or this Lease occurring after the consummation of such sale, exchange or conveyance and assignment.

Appears in 1 contract

Samples: Construction Provisions Agreement (Cinemastar Luxury Theaters Inc)

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 PurchaserLandlord, 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 and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence or omission occurring after the consummation of such salesale provided that the purchaser expressly assumes in writing all obligations of Landlord hereunder.

Appears in 1 contract

Samples: Lease (Franklin Financial Network Inc.)

Sale of Premises by Landlord. In the event of any sale or exchange of the Premises by the Landlord and the assignment by Landlord 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 and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder arising out of any act contained in or omission derived from this Lease occurring after the consummation of such salesale or exchange and assignment. The obligations contained in this Lease to be performed by Landlord shall be binding on Landlord’s successors and assigns, only during their respective periods of ownership.

Appears in 1 contract

Samples: Lease Agreement (Dance Biopharm, Inc.)

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 PurchaserLandlord, 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 and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence, or omission of Landlord occurring after the consummation of such sale.; provided that the purchaser, at such sale or any subsequent sale of the Premises by written agreement

Appears in 1 contract

Samples: Agreement (Coinstar Inc)

Sale of Premises by Landlord. In the event of any sale of the Premises or exchange by the Landlord of its interest in the Premises and the assignment by Landlord 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 released and relieved of all liability under any and all of its covenants and obligations hereunder arising out of any act contained in or omission occurring derived from this Lease accruing after the consummation of such salesale or exchange and assignment.

Appears in 1 contract

Samples: Shopping Center Lease (North Valley Bancorp)

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Sale of Premises by Landlord. In the event of any sale or exchange of the Premises Building of which the premises are a part by the Landlord and the assignment by Landlord of this Lease to the Purchaserlease, 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 and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this lease arising out of any act act, occurrence or omission relating to the premises or this lease occurring after the consummation of such salesale or exchange and assignment.

Appears in 1 contract

Samples: Lease Agreement (Medicode Inc)

Sale of Premises by Landlord. In the event of any sale or exchange of the Premises by the Landlord and the assignment by Landlord 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 and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence or omission relating to the Premises or this Lease occurring after the consummation of such salesale or exchange and assignment, provided such purchaser or assignee shall expressly assume said covenants and obligations of Landlord.

Appears in 1 contract

Samples: Office Lease Agreement (Syntel Inc)

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 salesales.

Appears in 1 contract

Samples: Lease (Service Bancorp Inc)

Sale of Premises by Landlord. In the event of any sale or exchange of the Leased Premises by the Landlord and the assignment by Landlord 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 and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations hereunder contained in or derived from this Lease arising out of any act act, occurrence or omission relating to the Leased Premises or this Lease occurring after the consummation of such salesale or exchange and assignment.

Appears in 1 contract

Samples: Management and Leasing Agreement (Gotham Golf Corp)

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