Examples of Landlord Transfer in a sentence
Landlord may effect a Landlord Transfer of its interest in the Leased Premises, or any part thereof or interest therein, or this Lease at any time or from time to time to any Person (a “Landlord Transferee”).
If the Tenant’s consent is required hereunder, within fifteen (15) days after having received the Landlord’s notice and all the information it reasonably requires, the Tenant will notify the Landlord in writing either that the Tenant consents or does not consent to the Landlord Transfer.
In addition, if the Tenant leases and/or occupies seventy-five (75%) percent or more of the Rentable Area of the Building, the Landlord will not allow or cause a Landlord Transfer without obtaining the prior written consent of the Tenant, which consent may not be unreasonably withheld or unduly delayed.
The City further acknowledges that each landlord under the Site Lease shall be liable only for those obligations arising during its period of ownership of the Site and shall be released from further obligations after it completes a Landlord Transfer.
No Landlord Transfer shall relieve Landlord from any of its obligations under this Lease for periods prior to such Landlord Transfer, but Landlord shall be relieved from any obligations under this Lease relating to periods on and after the date of the Landlord Transfer in question, and Tenant shall look solely to Xxxxxxxx’s successor in interest as to such obligations.
Landlord Transfer of Ownership I, , as new owner for the property at , attest that I have read the HAP Contract and agree to comply with and assume all terms of the HAP Contract for the assisted tenancy with .
In the event of a Landlord Transfer and to the extent that the Landlord Transferee assumes the covenants and obligations of the Landlord hereunder in writing directly with the Tenant, the Landlord shall, thereupon and without further agreement, be freed and relieved of all liability with respect to such covenants and obligations.
The Landlord will not allow or cause a Landlord Transfer, without giving prior written notice to the Tenant.
The Landlord acknowledges that the factors governing the granting of the Tenant’s consent to any Landlord Transfer may include, without limitation, the financial background, business history and the capability of the proposed Landlord Transferee to perform the obligations of the Landlord under this Lease, and the nature of the business practices of the proposed Landlord Transferee.
Tenant shall not, without the prior written consent of Landlord Transfer this Lease, which consent shall not be unreasonably withheld so long as the proposed transferee has a tangible net worth not less than Tenant as of the Lease Date and the proposed transferee has provided Landlord with financial and other information reasonably necessary for Landlord to make such determination.