Sale of the Building. Landlord shall have the right to sell the Building at any time during the Lease Term, subject only to the rights of Tenant hereunder; and such sale shall operate to release Landlord from liability hereunder after the date of such conveyance.
Sale of the Building. Landlord shall have the right to transfer and assign, in whole or in part, all its rights and obligations hereunder, and in the Building and leasehold improvements, and upon the transferee's assumption of Landlord's obligations hereunder, no further liability or obligations shall accrue against Landlord. Any and all covenants of Landlord contained in this Lease shall be binding upon Landlord and its successors only with respect to breaches occurring during its and their respective ownerships of Landlord's interest hereunder.
Sale of the Building. In the event of a sale or transfer of Landlord’s interest in the Project (except a mortgage or other transfer as security for a debt), the “Landlord” named herein, or in the case of a subsequent transfer, the transferor shall, after the date of such transfer, be automatically released from all personal liability for the performance or observance of any term, condition, covenant or obligation required to be performed or observed by Landlord hereunder, and the transferee shall be deemed to have assumed all of such terms, conditions, covenants and obligations.
Sale of the Building. In the event of a sale or conveyance by Landlord of its interest in the Building, the same shall operate to release Landlord from any and all liability under this Lease arising after the date of such sale provided that Landlord is not then in default under this Lease. Tenant’s right to quiet possession of the Premises shall not be disturbed so long as Tenant shall pay the Rent and observe and perform all of the provisions of this Lease to be observed and performed by Tenant, unless this Lease is terminated pursuant to specific provisions relating thereto or contained herein.
Sale of the Building. If Landlord sells or otherwise transfers the Land and the Building, then Landlord shall be relieved of any liability under any and all of the covenants and obligations of Landlord contained in or derived from this Lease which arise out of any act, occurrence or omission occurring after the effective date of such sale or transfer, and the purchaser or transferee shall be deemed, without any further agreement, to have assumed and agreed to carry out all of the covenants and obligations of Landlord under this Lease.
Sale of the Building. 10 SECTION 12.02.
Sale of the Building. A sale, conveyance, or assignment of the Building will operate to release Landlord from liability from and after the effective date of such sale, conveyance, or assignment upon all of the covenants, terms, and conditions of this Lease, express or implied, except those liabilities that arose prior to such effective date, and, after the effective date of such sale, conveyance, or assignment, Tenant will look solely to Landlord's successor in interest in and to this Lease. This Lease will not be affected by any such sale, conveyance, or assignment, and Tenant will attorn to Landlord's successor in interest to this Lease, so long as such successor in interest assumes Landlord's obligations under the Lease from and after such effective date.
Sale of the Building. In the event of a sale or conveyance by Landlord of the Building, the same shall operate to release Landlord from any and all liability under this Lease arising after the date of such sale. Tenant's right to the quiet possession of the Premises shall not be disturbed so long as Tenant shall pay the Rent and observe and perform all of the provisions of this Lease to be observed and performed by Tenant, unless this Lease is terminated pursuant to specific provisions relating thereto or contained herein. If any security deposit has been made by Tenant, Landlord shall transfer such security deposit to the purchaser, and thereupon Landlord shall be discharged from any further liability in reference thereto.
Sale of the Building. The objective sought by GESTEC being to put the abovementioned Building on the market, in full or in part, before or after completion, the Parties expressly agree that, in the event of transfer of the properties leased, the new owner shall automatically replace GESTEC in view of all of the latter’s rights and obligations hereunder. Lessee shall be informed of the transfer of the properties leased via Notification stating the date of transfer as well as the new owner’s identity and address. This Notification shall as of rights entail novation as per article 1271 of the French Civil Code and full discharge of GESTEC with regard to lessee as expressly agreed upon by Lessee.
Sale of the Building. Landlord shall have the right to sell the Building at any time during the Lease.Term, subject only to the rights of Tenant hereunder; and such sale shall operate to release Landlord from liability hereunder after the date of such conveyance so long as such successor to Landlord agrees to assume all obligations of Landlord under this Lease accruing from that point forward. Any funds in the hands of such Landlord or the then seller, grantor or assignor at the time of such transfer in which Tenant has an interest, including any Additional Rent or Security Deposit, shall be turned over to the grantee, and any amount then due and payable to Tenant by Landlord or the then seller, grantor or assignor under any provisions of this Lease, shall be paid to Tenant.
