Common use of Subsequent Transfer Clause in Contracts

Subsequent Transfer. Lender, by succeeding to the interest of Landlord under the Lease, shall become obligated to perform the covenants of Landlord thereunder to the extent the covenants accrue during the period Lender is the “Landlord” under this Lease. Upon any further transfer of Landlord's interest by Lender, all of such obligations accruing thereafter shall terminate as to Lender so long as all such obligations are assumed in writing by such successor owner.

Appears in 2 contracts

Sources: Office Lease (Roku, Inc), Office Lease (Roku, Inc)

Subsequent Transfer. If Lender, by succeeding to the interest of ------------------- Landlord under the Lease, shall should become obligated to perform the covenants of Landlord thereunder to the extent the covenants accrue during the period Lender is the “Landlord” under this Lease. Upon thereunder, then, upon any further transfer of Landlord's interest by Lender, all of such obligations accruing thereafter shall terminate as to Lender so long as all such obligations are assumed in writing by such successor ownerLender.

Appears in 1 contract

Sources: Office Lease Agreement (Drugstore Com Inc)

Subsequent Transfer. If Lender, by succeeding to the interest of Landlord under the Lease, shall should become obligated to perform the covenants of Landlord thereunder to the extent the covenants accrue during the period Lender is the “Landlord” under this Lease. Upon thereunder, then, upon any further transfer of Landlord's interest by Lender, all of such obligations accruing thereafter shall terminate as to Lender so long as all such obligations are assumed in writing by such successor ownerLender; 5.

Appears in 1 contract

Sources: Industrial Building Lease (Seagen Inc.)

Subsequent Transfer. If Lender, by succeeding to the interest of Landlord under the Lease, shall should become obligated to perform the covenants of Landlord thereunder to the extent the covenants accrue during the period Lender is the “Landlord” under this Lease. Upon thereunder, then, upon any further transfer of Landlord's ’s interest by Lender, all of such obligations accruing thereafter shall terminate as to Lender so long as all such obligations are assumed in writing by such successor ownerLender.

Appears in 1 contract

Sources: Office Lease (RigNet, Inc.)