Common use of Sale of the Leased Premises Clause in Contracts

Sale of the Leased Premises. Landlord shall have the right to sell the Leased Premises or any portion thereof at any time during the Lease Term, subject to the rights of Tenant hereunder; and such sale shall operate to release Landlord from liability accruing hereunder after the date of such conveyance, but such covenants and obligations shall be binding upon and shall be deemed to have been assumed by each new owner of the Leased Premises as of the date of such conveyance without the need of a further agreement.

Sale of the Leased Premises. Landlord shall have the right to sell the Leased Premises or any portion thereof at any time during the Lease Term, subject only to the rights of Tenant hereunder; and provided the transferee expressly assumes this Lease and Landlord's rights and obligations hereunder, such sale shall operate to release Landlord from liability hereunder accruing hereunder after the date of such conveyance, conveyance but no such covenants and obligations shall be binding upon and transfer shall be deemed to have been assumed by each new owner of the Leased Premises as of release Landlord from obligation which accrued prior to the date of such conveyance without the need of a further agreementthis Lease.

Sale of the Leased Premises. Landlord shall have the right to sell the Leased Premises or any portion thereof at any time during the Lease Term, subject to the rights of Tenant hereunder; and such sale shall operate to release Landlord from liability accruing hereunder first incurred after the date of such conveyance, but such covenants and ; provided that the purchaser fully assumes all of Landlord's obligations shall be binding upon and shall be deemed to have been assumed by each new owner of the Leased Premises as of the date of such conveyance without the need of a further agreementhereunder.