Subsequent Transfer. If Lender, by succeeding to the interest of Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s interest by Lender, all of such obligations shall terminate as to Lender.
Appears in 7 contracts
Sources: Building Loan Agreement, Office Lease (AssetMark Financial Holdings, Inc.), Lease Agreement (Ikanos Communications)
Subsequent Transfer. If Lender, by succeeding to the interest of Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s 's interest by Lender, all of such obligations shall terminate as to Lender.
Appears in 5 contracts
Sources: Lease (Maxlinear Inc), Land and Building Lease (Shells Seafood Restaurants Inc), Office Lease Agreement (Idine Rewards Network Inc)
Subsequent Transfer. If Lender, by succeeding to the interest of Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s interest by Lender, all of such obligations shall terminate as to LenderLender with respect to matters arising after the date of such transfer.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Morgans Foods Inc), Master Land and Building Lease (Morgans Foods Inc)
Subsequent Transfer. If Lender, by succeeding to the interest of Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s interest by Lender, all of such obligations shall terminate as to Lender, except to the extent that such sums are not delivered by Lender to the transferee.
Appears in 2 contracts
Sources: Lease Agreement, Lease Agreement (Pervasive Software Inc)
Subsequent Transfer. If Lender, by succeeding to the interest interesst of Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s 's interest by Lender, all of such obligations shall terminate as to Lender.
Appears in 1 contract
Sources: Lease (Cylink Corp /Ca/)
Subsequent Transfer. If Lender, by succeeding to the ------------------- interest of Lessor lessor under the Lease, should become obligated to perform the covenants of Lessor lessor thereunder, then, upon any further transfer of Lessor’s the lessor's interest by Lender, all of such obligations shall terminate as to Lender.
Appears in 1 contract
Sources: Lease (Pilot Network Services Inc)
Subsequent Transfer. If Lender, by succeeding to the interest of Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s interest the Property by Lender▇▇▇▇▇▇, all of such obligations shall terminate cease to accrue as to Lender.
Appears in 1 contract
Sources: Lease (GenMark Diagnostics, Inc.)
Subsequent Transfer. If Lender, by succeeding to the interest of ------------------- Lessor under the Lease, should become obligated to perform the covenants of Lessor thereunder, then, upon any further transfer of Lessor’s 's interest by Lender, all of such obligations shall terminate as to Lender.
Appears in 1 contract