Common use of Sale or Transfer of Premises Clause in Contracts

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the Premises, Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease, provided that the purchaser expressly assumes Landlord's obligations hereunder, Landlord shall provide Tenant with written notice of such transfer.

Sale or Transfer of Premises. If the Landlord sells or transfers all or any portion of the Premises, Landlordor the Building, on consummation improvements and land of which the sale or transferPremises is a part, then the Landlord shall be released from any liability thereafter accruing under this Lease, provided that Lease upon (a) the purchaser expressly assumes Landlord's obligations consummation and (b) the Landlord accounting to any such transferee for any security deposit and prepaid rent of the Tenant hereunder, Landlord shall provide Tenant with written notice of such transfer.

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the Premises, LandlordPremises or the Building, on consummation of the sale or transfer, Landlord shall be released from any liability thereafter accruing under this Lease, provided that the purchaser expressly assumes Lease if Landlord's successor has assumed in writing Landlord's obligations hereunder, under this Lease and Landlord shall provide Tenant with written notice of such transferhas transferred the Security Deposit to Landlord's successor.

Sale or Transfer of Premises. If Landlord sells sells, transfers, or transfers assigns all or any portion of this Lease or the Premises, including improvements thereon, Landlord, on consummation of the sale sale, transfer or transferassignment, shall be released from any liability thereafter accruing under this LeaseLease if Landlord's successor has assumed in writing, provided that for the purchaser expressly assumes benefit of Tenant, Landlord's obligations hereunderthereafter accruing under this Lease, and Tenant has received a copy of such writing. Any prepaid Rent may be transferred to Landlord's successor, and on such transfer Landlord shall provide Tenant with written notice of such transferbe discharged from any further liability in reference to the prepaid Rent.

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the Premises, Landlordthe Building, on consummation or the improvements and land of which the sale or transferPremises and the Building are a part, then Landlord shall be released from any liability thereafter accruing under this Lease, provided that Lease upon (a) the purchaser expressly assumes Landlord's obligations hereunder, Landlord shall provide Tenant with written notice consummation of such sale or transfer, and (b) Landlord accounting to any such transferee for any Security Deposit and prepaid rent of Tenant.

Sale or Transfer of Premises. 23.1 If Landlord sells or transfers all the Facility or any portion of the Premisesinterests therein, Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease, Lease provided that the purchaser expressly transferee assumes Landlord's all obligations of Landlord hereunder, Landlord shall provide Tenant with written notice of such transfer.

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the Premises, Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease, provided that the purchaser expressly assumes Landlord's obligations hereunder, Landlord shall provide Tenant with written notice of such transfer.

Sale or Transfer of Premises. If Landlord sells or transfers all or any portion of the Premisespremises, or the building, improvements and land of which the leased premises are a part, then Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease, provided that the purchaser expressly assumes Landlord's obligations hereunderlease. If any security deposit or prepaid rent has been paid by Tenant, Landlord shall provide Tenant transfer the security deposit or prepaid rent to Landlord's successor and on such transfer Landlord shall be discharged from any further liability with written notice of such transferrespect thereto.

Sale or Transfer of Premises. If Landlord sells or transfers all the Facility or any portion interests therein, at the option of the PremisesLandlord to be exercised in its sole and absolute discretion, this Lease shall terminate and whether or not this Lease terminates, Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under this Lease, provided that the purchaser expressly assumes Landlord's obligations hereunder, Landlord shall provide Tenant with written notice of such transfer.