Common use of SALE BY LANDLORD Clause in Contracts

SALE BY LANDLORD. In the event of sale or conveyance or transfer by Landlord of its interest in the Project or in the Building or in this Lease, the same shall operate to release Landlord (subject to the last sentence of Section 17 hereof) from any future obligations and any future liability for or under any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease shall not be affected by any such sale, conveyance or transfer.

Appears in 2 contracts

Samples: Office Lease (Interactive Group Inc), Office Lease (Ebenx Inc)

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SALE BY LANDLORD. In the event of sale or conveyance or transfer by Landlord of its interest in the Project or in the Building or in this Lease, the same shall operate to release Landlord (subject to the last sentence second paragraph of Section 17 hereofhereof entitled Security Deposit) from any future obligations and any future liability for or under any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease shall not be affected by any such sale, conveyance or transfer.

Appears in 2 contracts

Samples: Indenture (Metavante Corp), Indenture (Metavante Corp)

SALE BY LANDLORD. In the event of sale or conveyance sale, conveyance, assignment or transfer by Landlord of its interest in the Project or in the Building or in this Lease, the same shall operate to release Landlord (subject to the last sentence second paragraph of Section 17 hereof) from any future obligations and any future liability for or under any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease shall not be affected by any such sale, conveyance or transfer.

Appears in 2 contracts

Samples: Indenture (Open Port Technology Inc), Indenture (Naviant Inc)

SALE BY LANDLORD. In the event of sale or conveyance or transfer by Landlord of its interest in the Project or in the Building or in this Lease, the same shall operate to release Landlord (subject to the last sentence second paragraph of Section 17 hereofhereof entitled Security Deposit) from any future obligations and any future liability for or under any of the covenants or conditions, express or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease lease shall not be affected by any such sale, conveyance or transfer.

Appears in 1 contract

Samples: Metavante Corp

SALE BY LANDLORD. 26.01 In the event of sale or a sale, conveyance or other transfer by Landlord of its interest in the Project or in Facility and the Building or in written assumption of Landlord's obligations under this LeaseLease arising after the date of such transfer, the same shall operate to release Landlord (subject to the last sentence of Section 17 hereof) from any future obligations and any future liability for or under upon any of the covenants covenants, agreements, obligations, representations, warranties, or conditions, express expressed or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. This Lease shall will not be affected by any such sale, conveyance and Tenant agrees to attorn to the purchaser or transferassignee.

Appears in 1 contract

Samples: Daisytek International Corporation /De/

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SALE BY LANDLORD. In the event of sale or conveyance or transfer by Landlord of its interest in the Project or in the Building or in this Lease, the same shall operate to release Landlord (subject to the last sentence of Section 17 hereof) from any future obligations and any future liability for or under any of the covenants or conditions, express or implied, implied herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, . Tenant agrees to look solely to the successor in interest of Landlord in and to this Lease. This Lease shall not be affected by any such sale, sale conveyance or transfer.

Appears in 1 contract

Samples: Lease Agreement (Quest Resource Corp)

SALE BY LANDLORD. In the event of a sale or conveyance or transfer by Landlord of or its interest in the Project or Property and/or in the Building or containing the Premises, and/or in this Lease, Lease the same shall operate to release Landlord (subject to the last sentence second paragraph of Section 17 34 hereof) from any future obligations and any future liability for or under upon any of the covenants covenant s or conditions, express expressed or implied, herein contained in favor of Tenant, and in such event, and with respect to such obligations, covenants and conditions, Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this LeaseLease for matters which occur after the date of the sale. This Lease shall not be affected by any such sale, conveyance conveyance, or transfer, and Tenant agrees to attorn to such purchaser or transferee.

Appears in 1 contract

Samples: Standard Building Lease (Bourbon Brothers Holding Corp)

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