Common use of Release of Landlord Clause in Contracts

Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then from and after the effective date of the sale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease, except those already accrued.

Appears in 5 contracts

Samples: Office Lease (Kronos Bio, Inc.), Office Lease (Kronos Bio, Inc.), Office Lease (Heritage Commerce Corp)

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Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then from and after the effective date of the sale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease, except those already accrued.

Appears in 3 contracts

Samples: Office Lease (Sphere 3D Corp), Office Lease (Biotie Therapies Corp.), Office Lease (Insweb Corp)

Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then from and after in the effective date of event that the sale or conveyancepurchaser thereof expressly assumes the same, Landlord shall be released and discharged from any and all obligations and responsibilities under this LeaseLease from and after the effective date of the sale or conveyance, except those already accrued.

Appears in 2 contracts

Samples: Office Lease, Office Lease (Puma Biotechnology, Inc.)

Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or the Complex of which the Leased Premises form a part, or the Leased Premises, then from and after the effective date of the sale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease, except those already accrued.

Appears in 1 contract

Samples: Office Lease (Artisoft Inc)

Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building Buildings or the Complex of which the Leased Premises form a part, or the Leased Premises, then from and after the effective date of the sale or conveyance, and provided that Landlord advises Tenant in writing that the purchaser of such interest agrees in writing to assume all of Landlord’s obligations under this Lease, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease, except those already accrued.

Appears in 1 contract

Samples: Lease (Fibrogen Inc)

Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then from and after the effective date of the sale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease, except those already accrued.. Divco\Gateway/Tobira Lease

Appears in 1 contract

Samples: Office Lease (Tobira Therapeutics, Inc.)

Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then from and after the effective date of the sale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease, except those already accrued. Upon any such conveyance, the grantee or transferee shall be deemed to have assumed the obligations of Landlord that accrue after the effective date of such transfer.

Appears in 1 contract

Samples: Office Lease (Quotient Technology Inc.)

Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or the Complex of which the Leased Premises form a part, or the Leased Premises, then from and after the effective date of the sale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease, except those already accruedaccrued provided that any successor shall have expressly assumed Landlord's obligations under this Lease either by contractual obligation, assumption agreement or by operation of law.

Appears in 1 contract

Samples: Office Lease (Witness Systems Inc)

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Release of Landlord. If, during the term of this Lease, If Landlord shall sell sells its interest in the Building or Complex of which the Leased Premises form a part, or the Leased PremisesComplex, then from and after the effective date of the sale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this LeaseLease arising after said date, except those already accrued.

Appears in 1 contract

Samples: Net Lease (Centillium Communications Inc)

Release of Landlord. If, during the term of this Lease, Landlord shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then from and after the effective date of the sale or conveyance and the assumption in writing by the buyer of the obligations of Landlord under this Lease accruing from and after the effective date of such sale or conveyance, . Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease, except those already accrued.

Appears in 1 contract

Samples: Office Lease (Terns Pharmaceuticals, Inc.)

Release of Landlord. If, during the term of this Lease, If Landlord shall sell sells its interest in the Building ------------------- or Complex of which the Leased Premises form a part, or the Leased PremisesComplex, then from and after the effective date of the sale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease, Lease except those already accrued.

Appears in 1 contract

Samples: Lease Agreement (Centillium Communications Inc)

Release of Landlord. If, during the term of this Lease, Landlord ------------------- shall sell its interest in the Building or Complex of which the Leased Premises form a part, or the Leased Premises, then from and after the effective date of the sale or conveyance, Landlord shall be released and discharged from any and all obligations and responsibilities under this Lease, except those already accruedaccrued and provided Landlord transfers or provides a credit or other payment to such successor of the Security Deposit to the extent not previously applied by Landlord under the terms of this Lease.

Appears in 1 contract

Samples: Office Lease (Blaze Software Inc)

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