Landlord Transfers. Landlord may, in its sole and absolute discretion, sell, assign, convey or otherwise transfer its interest in this Lease or the Leased Property, or any portion thereof, or any interest therein, directly or indirectly, to any Person, without the consent of Tenant. Tenant shall attorn to any such transferee and continue to be bound by this Lease in the event of any such transfer, provided, however, that Tenant shall continue to pay Rent and other Additional Charges to Landlord and performance all other obligations under this Lease in favor of Landlord until Tenant receives written notice of any such assignment of this Lease by Landlord and a copy of such transferee’s assumption of all obligations of Landlord under the terms of this Lease.
Landlord Transfers. Landlord shall not Transfer or permit the Transfer of all or any portion of the Landlord Interests except a Transfer of all the Landlord Interests pursuant to a Permitted Sale. Any Transfer of all or any portion of the Landlord Interests except a Transfer of all the Landlord Interests pursuant to a Permitted Sale shall be null and void ab initio.
Landlord Transfers. Landlord shall have the right to sell, transfer or assign, in whole or in part, its rights and obligations in this Lease and in the Leased Premises. Provided that the transferee assumes in writing each of Landlord’s obligations arising under this Lease following the date of such sale, transfer or assignment, any such sale, transfer or assignment shall operate to release Landlord from any and all liabilities under this Lease arising after (but not before) the date of such sale, assignment or transfer.
Landlord Transfers. Subject to Article XXI below, Landlord shall have the right, at any time and from time to time, to Transfer its rights and/or obligations under this Lease and/or with respect to the Property without the consent of Tenant, as Landlord, if, in its sole judgment, Landlord deems it appropriate to do so, Landlord may transfer the Property without any liability to Tenant, and Tenant shall attorn to any party to which Landlord Transfers its rights and obligations hereunder. If Landlord desires to assign this Lease and to the extent such assignment requires a bidding process, Tenant shall not be prohibited from participating in such bidding process (unless such participation is prohibited by Legal Requirements).
Landlord Transfers. Landlord shall have the right to assign or transfer, in whole or in part, Landlord's rights and obligations hereunder and in the Project and the Premises and subsequent to any such assignment Landlord shall have no further obligations to Tenant.
Landlord Transfers. If Landlord’s interest in the Premises is sold or conveyed, other than pursuant to a mortgage or transfer for security purposes only, Landlord will be relieved of all obligations and liabilities accruing on the part of Landlord after the date the sale is consummated if the following conditions are satisfied. All obligations of Landlord under the Lease must be expressly assumed in writing by Landlord’s successor in interest. This Lease will not be affected by any such sale. Tenant agrees to attorn to the purchaser or assignee, if (i) all of Landlord’s obligations under this Lease are assumed in writing by the transferee, and (ii) Landlord is not in default at the date of such transfer.
Landlord Transfers. Except as expressly provided in this Lease, if Landlord sells or transfers the Building or the Project, provided the purchaser or transferee expressly assumes in writing the obligations of Landlord hereunder, the Landlord named herein shall not be liable to Tenant for any obligations or liabilities based on or arising out of events or conditions occurring on or after the date of such sale or transfer. Furthermore, upon such assumption, Tenant agrees to attorn to any such purchaser or transferee upon all the terms and conditions of this Lease.
Landlord Transfers. Subject to the provisions hereinafter provided, Landlord may, in its sole and absolute discretion, sell, assign, transfer, convey or otherwise dispose of (a “Transfer”) its interest in the Leased Property, or any portion thereof or interest therein, directly or indirectly, to any Person without the consent of Tenant. Tenant shall attorn to such transferee and continue to be bound by the Agreement in the event of any such Transfer.
Landlord Transfers. Subject to compliance with the following requirements, Landlord shall have the right to transfer and assign, in whole or in part, all of its rights and obligations under this Lease and in the Premises, and in such event and upon such Transfer, the transferor Landlord will be entirely relieved of all covenants and obligations which arise from and after the date the transferee executes and delivers a written agreement in writing form reasonably acceptable to Tenant all of Landlord’s obligations hereunder arising from and after the date of such assumption. Notwithstanding anything to the contrary set forth herein, Landlord may not assign its rights and obligations under this Lease at any time prior to the Commencement Date of this Agreement, except for transfers to Landlord’s affiliates and related parties. Each assignee or transferee shall certify and agree in writing that such assignee or transferee has read and is familiar with the requirements of sections 5950- 5955 of the California Government Code, which prohibit the offer or sale of any security constituting a fractional interest in this Lease of any portion thereof, without the prior written consent of Tenant. Violation by Landlord of the provisions of Section 5951 of the California Government Code shall constitute a material breach of this Lease, upon which Tenant may terminate the Agreement with thirty (30) days written notice.
Landlord Transfers. If the Premises are sold, Landlord will be released from any liability subsequently accruing under this Lease if Landlord’s successor has assumed in writing Landlord’s obligation under this Lease. If any Security Deposit or prepaid Rent has been paid by Tenant, Landlord may transfer the Security Deposit or prepaid Rent to the Landlord’s successor, and on the transfer, Landlord will be discharged from any further liability for the Security Deposit or prepaid Rent on written notification to the Tenant by ordinary mail of the transfer and of the successor’s name and address.
