Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord’s entire interest in the Building and the Center, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment.
Sale of Landlord’s Interest. SECTION 11.01. In the event of any sale or exchange of the Property by Landlord and assignment by Landlord of this Lease, Landlord shall be relieved of all liability under all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission relating to the Property of this Lease occurring after the consummation of such sale or exchange.
Sale of Landlord’s Interest. Upon any sale or conveyance of Landlord’s interest in this Lease, Landlord shall be entirely relieved of a11 liability for Landlord’s obligations under this Lease accruing thereafter, and the assignee or purchaser shall be deemed without any further agreement between the parties or their successors in interest to have assumed all of Landlord’s obligations accruing after such conveyance. -.
Sale of Landlord’s Interest. Prior to a transfer by Landlord of its interest in the Premises and this Lease, the following shall occur:
Sale of Landlord’s Interest. In the event of any sale or transfer of the Premises or the Property and assignment of this Lease by Landlord, Landlord shall be relieved of any and all liability and obligations contained in or derived from this Lease or relating to the Premises occurring after the consummation of such sale or transfer. If any security deposit or prepaid rent has been paid by Tenant, Landlord shall transfer the security deposit or prepaid rent to Landlord's successor and upon such transfer, Landlord shall be relieved of any and all further liability with respect thereto.
Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord's entire interest in the Building and Property and the written assumption by the purchaser, transferee or assignee of all obligations and liabilities of Landlord accruing 29 30 hereunder from and after the date of such sale, transfer or assignment, Landlord shall be relieved of its obligations hereunder with respect to all such liabilities accruing from and after the date of such sale, transfer or assignment. Tenant shall be entitled to receive a copy of such written assumption agreement from Landlord within ten (10) days after Tenant's written request therefor.
Sale of Landlord’s Interest. Upon sale, transfer or assignment of Landlord's entire interest in the Building and Property, Landlord shall be relieved of its obligations hereunder with respect to liabilities accruing from and after the date of such sale, transfer or assignment; PROVIDED, however, that such relief from liabilities (i) shall be effective only if and to the extent that the transferee expressly assumes in writing, for the benefit of Tenant, Landlord's obligations under this Lease, (ii) shall not apply to Landlord's environmental indemnification under Section 9.6(d) hereof unless the transferee has, immediately after the transfer, a net worth equal to or greater than that of Landlord immediately prior to the transfer, and (iii) shall not in any event apply to Landlord's obligations with respect to the initial construction of the Building and Common Areas under Section 2.4 and EXHIBIT C. Moreover, in recognition of Tenant's substantial reliance upon Landlord's creditworthiness and development experience with respect to the initial construction of the Building and Common Areas, Landlord shall not sell, transfer, convey or otherwise dispose of its ownership interest in the portion of the Property designated as Phase VII on the Site Plan, or any portion thereof, prior to the Commencement Date under Section 2.1 hereof, except (x) with Tenant's prior written consent or (y) to an entity of which Britannia Hopyard, LLC, or an entity controlling, controlled by or under common control with Britannia Hopyard, LLC, is a general partner or has management responsibilities and equity participation comparable to those of a general partner.
Sale of Landlord’s Interest. Landlord shall be entitled to convey and otherwise dispose of the demised premises and Landlord's interest thereunder at any time, and thereafter, shall not be subject to any of the obligations of Landlord under this lease. However, nothing in this paragraph is to be construed in such a manner as to release, extinguish or alter the rights or the obligations of the successors) to the Landlord's interest hereunder should a sale be consummated. Landlord shall be entitled to exhibit the demises during the normal business hours without disturbing the operation of Tenant's business for the purpose of selling the premises or Landlord's interest under this lease.
Sale of Landlord’s Interest. In the event of a sale or other conveyance or disposition of the Landlord’s interest in the property, Landlord shall continue to be responsible to pay Colliers Pxxxxxx the commission due pursuant to this Schedule, unless Landlord obtains from the grantee of Landlord’s interest and delivers to Colliers Pxxxxxx a written agreement pursuant to which the grantee assumes the Landlord’s commission obligations under this Schedule. TENANT AGENTS If a licensed real estate broker other than Colliers Pxxxxxx’x assigned team as indicated on Exhibit A of this agreement is the effective procuring cause of any lease or sublease or assignment covered by this agreement, Colliers Pxxxxxx shall use its best efforts to have such other broker agree to accept as its compensation one (1) full commission computed and payable in accordance with these provisions and, Landlord will pay Colliers Pxxxxxx one and one-half (1-1/2) commission computed and payable in accordance with these provisions out of which Colliers Pxxxxxx will pay to such other broker his one (1) full commission and retain one half (1/2) commission as Colliers Pxxxxxx’x compensation. If the other broker will not agree to accept, as its compensation, one (1) full commission of the total lease value computed and payable in accordance with these applicable provisions, the Landlord’s approval will be necessary if the proposal is to be further negotiated. In no event shall Colliers Pxxxxxx be liable for the failure to obtain such other broker’s agreement to accept, as its compensation, one (1) full commission of the total lease value in accordance with these provisions. EXHIBIT C WORKING WITH REAL ESTATE AGENTS NOTE: Effective July 1, 2001, in every real estate sales transaction, a real estate agent shall, at first substantial contact directly with a prospective buyer or seller, provide the prospective buyer or seller with the following information [NC Real Estate Commission Rule 21 NCAC 58A.0104(c)]. When buying or selling real estate, you may find it helpful to have a real estate agent assist you. Real estate agents can provide many useful services and work with you in different ways. In some real estate transactions, the agents work for the seller. In others, the seller and buyer may each have agents. And sometimes the same agents work for both the buyer and the seller. It is important for you to know whether an agent is working for you as your agent or simply working with you while acting as an agent of the other pa...
Sale of Landlord’s Interest. In the event of the sale or assignment of Landlord's interest in the Premises or the Building or if the holder of any existing or future mortgage, deed to secure debt, deed of trust, or the lessor under any existing or future underlying lease pursuant to which Landlord is the lessee, shall hereafter succeed to the rights of Landlord under this Lease, then at the option of such successor, Tenant shall attorn to and recognize such successor as Tenant's landlord under this Lease, and shall promptly execute and deliver any instrument that may be necessary to evidence such attornment. If any such successor requests such attornment, this Lease shall continue in full force and effect as a direct lease between such successor, as Landlord and Tenant, subject to all of the terms, covenants and conditions of this Lease, regardless of whether Tenant executes and delivers the instrument requested by such successor landlord.
