LANDLORD'S INTEREST. The term "Landlord" as used herein shall mean only the owner or owners at the time in question of the fee title, vendee's interest under a real estate contract, or a tenant's interest in a ground lease of the Premises. In the event of any transfer of such title or interest, Landlord herein named (and in case of any subsequent transfers, the then grantor) shall be relieved from and after the date of such transfer of all liability as respects Landlord's obligations thereafter to be performed, provided that any funds in the hands of Landlord or the then grantor at the time of such transfer, in which Tenant has an interest, shall be delivered to the grantee. The obligations contained in this Lease to be performed by Landlord shall, subject to aforesaid, be binding upon Landlord's successors and assigns, only during their respective periods of ownership.
LANDLORD'S INTEREST. Where you become the holder of the landlord's interest under the lease as well as your leasehold interest, your leasehold interest continues to exist.
LANDLORD'S INTEREST. Landlord shall have no interest in such compensation and damages for the first fifty-five (55) years of the Term; Landlord’s interest shall be ten percent (10%) in the fifty-sixth year and shall increase ten percent (10%) per year for each year thereafter;
LANDLORD'S INTEREST. You agree that, even if you acquire the landlord’s interest under the lease, the lease will continue to exist and will not merge and to the extent permitted by law the mortgage will attach to the landlord’s interest under the lease that you acquired as if such interest was mortgaged and charged under part 5. If you have a right to acquire the interest of any landlord in the leased property when the mortgage is given or after then, you must give us security over the interest.
LANDLORD'S INTEREST. In the event Landlord's title to the Premises is encumbered by a deed of trust on or after September 1, 2003, to secure a loan from a lender (hereinafter referred to as "Lender") to Landlord, Tenant shall, at the request of Landlord or Lender, execute in writing an agreement (in form reasonably acceptable to Tenant), subordinating its rights under this Lease (subject to customary nondisturbance protection in favor of Tenant) to the lien of such deed of trust, or, if so requested, agreeing that the lien of Lender's deed of trust shall be or remain subject and subordinate to the rights of Tenant under this Lease. Notwithstanding any such subordination, Tenant's possession under this Lease shall not be disturbed if Tenant is not in default beyond any applicable cure period and so long as Tenant shall pay all Rent and observe and perform all of the provisions set forth in this Lease, and any subordination agreement shall reflect the agreement of the Lender to the same and the Lender's agreement upon any foreclosure to recognize this Lease, including Tenant's Purchase Option under Paragraph 34. hereof. Landlord represents to Tenant that, as of the date of this Lease, the Premises are not presently encumbered by any mortgage, deed of trust or other security device in favor of any Lender. Landlord further agrees that it shall not encumber the Project by the lien of any mortgage, deed of trust or other security device in favor of any Lender during the period prior to September 1, 2003.
LANDLORD'S INTEREST. LANDLORD reserves the right to assign or transfer any and all of its rights, title and interest under this Lease, including but not limited to the benefit of all covenants of the TENANT hereunder. Notwithstanding anything contained in this Lease to the contrary, it is specifically understood and agreed that the obligations imposed upon LANDLORD hereunder shall be binding upon LANDLORD and LANDLORD'S successors in interest only with respect to breaches occurring during LANDLORD'S and LANDLORD'S successors' respective ownership of LANDLORD'S interest hereunder, and LANDLORD and its said successors in interest shall not be liable for acts and occurrences arising from and after the transfer of their interest as LANDLORD hereunder. LANDLORD further agrees to provide TENANT written notice of its intention to transfer its interest in this Lease.
LANDLORD'S INTEREST. In the event of any transfer or transfers of Landlord's interest in the Building, the transferor shall be automatically relieved of any and all obligations and liabilities on the part of Landlord accruing from and after the date of such transfer. Landlord's, and any individual holding any interest in Landlord, liability under this Lease shall be limited to Landlord's interest in the Premises.
LANDLORD'S INTEREST. “Landlord’s Interest” shall mean all of Landlord’s interest in the Premises, including without limitation Landlord’s interest in the Land.
LANDLORD'S INTEREST. 24a. The Landlord represents that the Premises above described are owned by the Landlord in fee simple absolute. Landlord shall provide Tenant with a copy of pertinent underlying and ground Leases.
LANDLORD'S INTEREST. 24.1. Landlord reserves the right to assign or transfer any and all of its rights, title and interest under this Lease, including but not limited to the benefit of all covenants of the Tenant hereunder. Notwithstanding anything contained in this Lease to the contrary, it is specifically understood and agreed that the obligations imposed upon Landlord hereunder shall be binding upon Landlord and Landlord's successors in interest only with respect to breaches occurring during Landlord's successors' respective ownership of Landlord's interest hereunder, and Landlord and its said successors in interest shall not be liable for acts and occurrences arising from and after the transfer of their interest as Landlord hereunder.
