Common use of SALE BY LANDLORD Clause in Contracts

SALE BY LANDLORD. In event of a sale or conveyance by Landlord of the Building, the same shall operate to release Landlord from any future liability upon any of the covenants or conditions, expressed or implied, contained in this Lease in favor of Tenant, and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. Except as set forth in this Article 24, this Lease shall not be affected by any such sale and Tenant agrees to attorn to the purchaser or assignee so long as the successor in interest agrees to acquire and accept the interest in the Premises subject to this Lease and to carry out all of the covenants and obligations of Landlord pursuant to this Lease. If any security has been given by Tenant to secure the faithful performance of any of the covenants of this Lease, Landlord may transfer or deliver said security, as such, to Landlord’s successor in interest and thereupon Landlord shall be discharged from any further liability with regard to said security.

SALE BY LANDLORD. In event of a sale or conveyance by Landlord of the Building, the same shall operate to release Landlord from any future liability upon any of the covenants or conditions, expressed or implied, contained in this Lease in favor of Tenant, provided that any successor pursuant to a voluntary, third-party transfer (but not as part of an involuntary transfer resulting from a foreclosure or deed in lieu thereof) shall have assumed Landlord’s obligations under this Lease either by contractual obligation, assumption agreement or by operation of law, and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. Except as set forth in this Article 24, this Lease shall not be affected by any such sale and Tenant agrees to attorn to the purchaser or assignee so long as the successor in interest agrees to acquire and accept the interest in the Premises subject to this Lease and to carry out all of the covenants and obligations of Landlord pursuant to this Leaseassignee. If any security has been given by Tenant to secure the faithful performance of any of the covenants of this Lease, Landlord may transfer or deliver said security, as such, to Landlord’s successor in interest and thereupon Landlord shall be discharged from any further liability with regard to said security.

SALE BY LANDLORD. In event of a sale or conveyance by Landlord of the BuildingBuilding to a purchaser which assumes Landlord’s obligations hereunder in writing, the same shall operate to release Landlord from any future liability upon any of the covenants or conditions, conditions expressed or implied, herein contained in this Lease in favor of Tenant, and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. Except as set forth in this Article 24, Paragraph this Lease shall not be affected by any such sale sale, and Tenant agrees to attorn to the purchaser or assignee so long as the successor in interest agrees to acquire and accept the interest in the Premises subject to this Lease and to carry out all of the covenants and obligations of Landlord pursuant to this LeaseLandlord’s assignee. If any security has been given by Tenant to secure the faithful performance of any of the covenants of this Lease, Landlord may transfer or deliver said security, as such, to Landlord’s successor in interest and thereupon Landlord shall be discharged from any further liability with regard to said security, provided that any successor shall not be liable for such security unless such successor receives the same. Notwithstanding the generality of the foregoing, this provision shall not serve to release or relieve the entity identified as Landlord first above written (namely, TriQuint Optoelectronics, Inc.), or any affiliate thereof, from their respective obligations to Tenant under that certain Asset Purchase Agreement dated as of April 14, 2005 between said Landlord and Tenant.

SALE BY LANDLORD. In 24.1 Subject to Tenant’s Right of First Refusal as described in Article 45 of this Lease, in event of a sale or conveyance by Landlord of the BuildingPremises, provided that the Landlord is not in breach of any of its obligations on the date of such sale or conveyance, the same shall operate to release Landlord from any future liability upon any of the covenants or conditions, expressed or implied, contained in this Lease in favor of Tenant, and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this LeaseLease with respect to such future liability. Except as set forth in this Article 24, this Lease shall not be affected by any such sale and Tenant agrees to attorn to the purchaser or assignee so long as the successor in interest agrees to acquire and accept the interest in the Premises subject to this Lease and to carry out all of the covenants and obligations of Landlord pursuant to provided such purchaser or assignee recognizes Tenant’s rights under this Lease. If any security has been given by Tenant to secure the faithful performance of any of the covenants of this Lease, Landlord may transfer or deliver said security, as such, to Landlord’s successor in interest and thereupon Landlord shall be discharged from any further liability with regard to said security.

SALE BY LANDLORD. In event of a sale or conveyance by Landlord of the Building, the same shall operate to release Landlord from any future liability upon any of the covenants or conditions, expressed or implied, contained in this Lease in favor of Tenant, provided that any successor pursuant to a voluntary third-party transfer (but not as a result of an involuntary transfer resulting for a foreclosure or deed in lieu thereof) shall have assumed Landlord’s obligations under this Lease either by contractual obligation, assumption agreement or by operation of law, and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. Except as set forth in this Article 24, this Lease shall not be affected by any such sale and Tenant agrees to attorn to the purchaser or assignee so long as the successor in interest agrees to acquire and accept the interest in the Premises subject to this Lease and to carry out all of the covenants and obligations of Landlord pursuant to this Leaseassignee. If any security has been given by Tenant to secure the faithful performance of any of the covenants of this Lease, Landlord may shall transfer or deliver the unapplied portion of said security, as such, to Landlord’s successor in interest and thereupon Landlord shall be discharged from any further liability with regard to said security.

SALE BY LANDLORD. In the event of a sale or conveyance by Landlord of the BuildingBuilding by any owner of the reversion then constituting Landlord and upon the transferee’s assumption of all of the obligations of “Landlord” under this Lease, the same transferor shall operate to release Landlord thereby be released from any future further liability upon any of the terms, covenants or conditions, expressed conditions (express or implied, ) herein contained in this Lease in favor of Tenant, and in such event event, insofar as such transferor is concerned, Tenant agrees to look solely to the responsibility of the successor in interest of Landlord such transferor in and to the Building and this Lease. Except as set forth in this Article 24Notwithstanding the foregoing, the transferor shall be released from any further liability under this Lease shall not be affected by any with respect to the Cash Collateral only if the transferor transfers such sale and Cash Collateral to the transferee. Tenant agrees to attorn to the purchaser or assignee so long as the successor in interest agrees of such transferor. If Tenant provides Landlord with any security for Tenant’s performance of its obligations hereunder, and Landlord transfers, or provides a credit with respect to, such security to acquire and accept the grantee or transferee of Landlord’s interest in the Premises subject to this Lease and to carry out all of the covenants and obligations of Landlord pursuant to this Lease. If any security has been given by Tenant to secure the faithful performance of any of the covenants of this LeaseReal Property, Landlord may transfer or deliver said security, as such, to Landlord’s successor in interest and thereupon Landlord shall be discharged released from any further responsibility or liability with regard to said for such security.

SALE BY LANDLORD. In the event of a sale that Landlord sells or conveyance by Landlord conveys the Premises and the transferee of the BuildingPremises assumes in writing the obligations of Landlord under this Lease, the same Landlord shall operate to release Landlord be released from any future liability arising thereafter based upon any of the terms, covenants or conditions, expressed express or implied, which are contained in this Lease in favor of TenantLease. In such event, and in such event Tenant agrees to look solely to the responsibility of the Landlord’s successor in interest of Landlord in and to this Lease. Except as set forth in this Article 24, this Lease shall not be affected by for any such sale and Tenant agrees to attorn to the purchaser or assignee so long as the successor in interest agrees to acquire and accept the interest in the Premises subject to this Lease and to carry out all of the covenants and obligations of Landlord pursuant to liability under this Lease. If any security has been given by Tenant to secure the faithful performance of any of the covenants of this Lease, Landlord may shall transfer or deliver said security, as such, to Landlord’s successor in interest and thereupon Landlord shall be discharged from any further liability with regard to said security. Except as set forth in this paragraph, this Lease shall not be affected by any sale or conveyance of the Premises by Landlord, and Tenant agrees to attorn in writing to Landlord’s successor in interest in a commercially reasonable form.

SALE BY LANDLORD. In the event Landlord elects to sell the Property, Tenant shall have the right of first refusal to purchase it, at a purchase price equal to the value set forth in a then-recent MAI appraisal of the fee-simple interest therein, subject to laws governing surplus property sales by governmental agencies. In the event of a sale or conveyance by Landlord of the BuildingProperty, Building or Premises to a third party, the same shall operate to release Landlord from any future liability thereafter accruing upon any of the covenants or conditions, expressed express or implied, herein contained in this Lease in favor of TenantXxxxxx, and in such event Tenant event, Xxxxxx agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. If any security is given by Tenant to secure the faithful performance of all or any of the covenants of this Lease on the part of Tenant, Landlord may transfer and/or deliver the security, as such, to the successor-in-interest of Landlord, and thereupon Tenant agrees that Landlord shall be discharged from any further liability in reference thereto. Except as set forth in this Article 24Section 31, this Lease shall not be affected by any such sale and Tenant agrees to attorn to the purchaser or assignee so long as the successor in interest agrees to acquire and accept the interest in the Premises subject to this Lease and to carry out all of the covenants and obligations of Landlord pursuant to this Lease. If any security has been given by Tenant to secure the faithful performance of any of the covenants of this Lease, Landlord may transfer or deliver said security, as such, to Landlord’s successor in interest and thereupon Landlord shall be discharged from any further liability with regard to said security.conveyance.‌