Common use of Assignment by Lessor Clause in Contracts

Assignment by Lessor. Lessor shall have the right to sell, transfer or assign, in whole or in part, all of its rights and obligations hereunder and in the Building and the Land. In such event and upon the assumption by such transferee of Lessor's obligations hereunder, no further liability or obligation shall thereafter accrue against Lessor hereunder.

Appears in 7 contracts

Samples: Lease Agreement (Telxon Corp), Lease Agreement (Lexicon Genetics Inc/Tx), Lease Agreement (Telxon Corp)

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Assignment by Lessor. Lessor shall have the right to sell, transfer or and assign, in whole or in part, all of its rights and obligations hereunder and in the Building and the Land. In property referred to herein, and in such event and upon the assumption by such transfer (any such transferee to have the benefit of, and be subject to, the provisions of Lessor's obligations hereunder, Sections 13 and 27 hereof) no further liability or obligation shall thereafter accrue against Lessor hereunderhereunder or under any agreement relating to this lease.

Appears in 4 contracts

Samples: Lease Agreement (Dexterity Surgical Inc), Lease Agreement (Dexterity Surgical Inc), Lease Agreement (Pinnacle Global Group Inc)

Assignment by Lessor. Lessor shall have the right to sell, transfer or and assign, in whole or in part, all of its rights and obligations hereunder and in the Building and the Land. In such event and upon the assumption by such transferee of Lessor's obligations hereunder, no further liability or obligation shall thereafter accrue against Lessor hereunderLeased Premises referred to herein.

Appears in 2 contracts

Samples: Lease Agreement (Empower Health Corp), Lease Agreement (Applied Science Fiction Inc)

Assignment by Lessor. Lessor shall have the right to sell, transfer or and assign, in whole or in part, all of its rights and obligations hereunder and in the Building and the LandBuilding. In such event and upon the assumption by such transferee of Lessor's obligations hereundertransfer, no further liability or obligation shall thereafter accrue against Lessor hereunderthe assigning Lessor.

Appears in 2 contracts

Samples: Lease Agreement (Windy Hill Pet Food Co Inc), Lease Agreement (Symbion Inc/Tn)

Assignment by Lessor. Lessor shall have the right to sell, transfer or assign, in whole or in part, all of its rights and obligations hereunder and in the Building and the Land. In such event and upon the assumption by such transferee of Lessor's ’s obligations hereunder, no further liability or obligation shall thereafter accrue against Lessor hereunder.

Appears in 1 contract

Samples: Lease Agreement (Inovio Biomedical Corp)

Assignment by Lessor. 34.1 Lessor shall have the right to sell, transfer or and assign, in whole or in part, all of its rights and obligations hereunder and in the Building and the Landproperty referred to herein. In such event and upon the assumption by such transferee of Lessor's obligations hereunderevent, no further liability or obligation shall thereafter accrue against Lessor hereunder, provided such assignee assumes all of Lessor's obligations herein.

Appears in 1 contract

Samples: Lease Agreement (Mediquik Services Inc)

Assignment by Lessor. Lessor shall have the right to sell, transfer or and assign, in whole or in part, all of its rights and obligations hereunder and in the Building Complex and the Landproperty referred to herein. In the event of such event and upon the assumption by such transferee of Lessor's obligations hereunder, an assignment or transfer Lessor shall have no further liability or obligation shall thereafter accrue against Lessor hereunderto Lessee under the terms of this lease.

Appears in 1 contract

Samples: Lease Agreement (Victoria Bankshares Inc)

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Assignment by Lessor. Lessor shall have the right to sell, transfer or and assign, in whole or in part, all of its rights and obligations hereunder and in the Building and the LandBuilding. In such event and upon the assumption by such transferee transfer of Lessor's obligations hereunderfee interest in the Building (but excluding collateral assignment), no further liability or obligation shall thereafter accrue against Lessor hereunderthe assigning Lessor.

Appears in 1 contract

Samples: Windy Hill Pet Food Co Inc

Assignment by Lessor. Lessor shall have the right to sell, transfer or and assign, in whole or in part, all of its rights and obligations hereunder and in the Building Complex and the Land. In property referred to herein, and in such event and upon the assumption by such transferee of its transferee's assuming Lessor's obligations hereunder, no further liability or obligation shall thereafter accrue against Lessor hereunder.

Appears in 1 contract

Samples: Lease Agreement (Victoria Bankshares Inc)

Assignment by Lessor. Lessor shall have the right to sell, transfer or and assign, in whole or in part, all of its rights and obligations hereunder and in the Building and the Land. In such event property referred to herein, and upon the assumption by any such transferee of Lessor's obligations hereundertransfer or assignment, no further liability or obligation shall thereafter accrue against Lessor hereunder.

Appears in 1 contract

Samples: Lease Agreement (Design Automation Systems Inc)

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