Common use of Sale of Premises Clause in Contracts

Sale of Premises. In die event of any sale of the Premises by Landlord or the cessation otherwise of Landlord's interest therein, Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease and from all liability hereunder accruing from or after the date of such sale; and die purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die Landlord under this Lease. For purposes of this Section 25, die term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch Tenant executes this Lease. A ground lease or sirnilar long term lease by Landlord of the cnfirc Building, of which the Premises are a part, shall be deemed a sale within the meaning of d-ds Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default of any of the provisions of this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Competitive Companies Inc), Lease Agreement (Third Enterprise Service Group Inc)

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Sale of Premises. In die the event of any sale of the Premises by Landlord or the cessation otherwise of Landlord's interest therein, Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease and from all liability hereunder accruing or arising from or and after the date of such sale; and die the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die the Landlord under this LeaseLease except for those obligations of Landlord which have accrued prior to the date of such transfer. For purposes of this Section 25, die the term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch which Tenant executes this Lease. A ground lease or sirnilar similar long term lease by Landlord of the cnfirc Buildingentire Buildings, of which the Premises are a part, shall be deemed a sale within the meaning of d-ds this Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default of any of the provisions of this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Cisco Systems Inc), Lease Agreement (Cisco Systems Inc)

Sale of Premises. In die the event of any sale of the Premises by Landlord or the cessation otherwise of Landlord's interest therein, Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease and from all liability hereunder accruing from or after the date of such sale; and die the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die the Landlord under this Lease. For purposes of this Section 25, die the term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch which Tenant executes this Lease. A ground lease or sirnilar similar long term lease by Landlord of the cnfirc entire Building, of which the Premises are a part, shall be deemed a sale within the meaning of d-ds this Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default of any of the provisions of this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Interlink Electronics), Lease Agreement (Homegrocer Com Inc)

Sale of Premises. In die the event of any sale of the Premises by Landlord or the cessation otherwise of Landlord's interest therein, Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease and from all liability hereunder accruing from or after the date of such sale; and die the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die the Landlord under this Lease. For purposes of this Section 25, die the term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch which Tenant executes this Lease. A ground lease or sirnilar similar long term lease by Landlord of the cnfirc entire Building, of which the Premises are a part, shall be deemed a sale within the meaning of d-ds this Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default of any of the provisions of this Lease, beyond any applicable cure period.

Appears in 1 contract

Samples: Lease Agreement (Pri Automation Inc)

Sale of Premises. In die the event of any sale of the Premises by ---------------- Landlord or the cessation otherwise of Landlord's interest therein, Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease and from all liability hereunder accruing from or occurring after the date of such salesale provided that the Security Deposit is transferred to such purchaser; and die the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die the Landlord under this Lease. For purposes of this Section 2525 only, die the term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch which Tenant executes this Lease. A ground lease or sirnilar similar long term lease by Landlord of the cnfirc entire Building, of which the Premises are a part, shall be deemed a sale within the meaning of d-ds this Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default of any of the provisions of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Nuance Communications)

Sale of Premises. In die the event of any sale of the Premises by Landlord or the cessation otherwise of Landlord's interest therein, Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease and from all liability hereunder accruing from or after the date of such sale; and die the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die the Landlord under this Lease. For purposes of this Section 25, die the term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch which Tenant executes this Lease. A ground lease or sirnilar similar long term lease by Landlord of the cnfirc Buildingentire Buildings, of which the Premises are a part, shall be deemed a sale within the meaning of d-ds this Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default of any of the provisions of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Phase Metrics Inc)

Sale of Premises. In die the event of any sale of the Premises by Landlord or the cessation otherwise of Landlord's interest thereintherein and the assumption by the transferee or Landlord's successor of Landlord's obligations hereunder, Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease and from all liability hereunder accruing from or after the date of such sale; and die the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die the Landlord under this Lease. For purposes of this Section 25, die the term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch which Tenant executes this Lease. A ground lease or sirnilar similar long term lease by Landlord of the cnfirc entire Building, of which the Premises are a part, shall be deemed a sale within the meaning of d-ds this Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default of any of the provisions of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Ditech Corp)

Sale of Premises. In die the event of any sale of the Premises by Landlord or ---------------- the cessation otherwise of Landlord's interest therein, Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease and from all liability hereunder accruing from or after as of the date of such sale; and die the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die the Landlord under this Lease. For purposes of this Section 25, die the term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch which Tenant executes this Lease. A ground lease or sirnilar similar long term lease by Landlord of the cnfirc entire Building, of which the Premises are a part, shall be deemed a sale within the meaning of d-ds this Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default of any of the provisions of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Shoe Pavilion Inc)

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Sale of Premises. In die the event of any sale of the Premises by Landlord or ---------------- the cessation otherwise of Landlord's interest therein, Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease Lease, to the extent such obligations arose from and after the date of such sale, and from all liability hereunder accruing from or after the date of such sale; and die the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die the Landlord under this Lease. For purposes of this Section 25, die the term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch which Tenant executes this Lease. A ground lease or sirnilar similar long term lease by Landlord of the cnfirc entire Building, of which the Premises are a part, shall be deemed a sale within the meaning of d-ds this Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default default, beyond applicable cure periods, of any of the provisions of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Nuance Communications)

Sale of Premises. In die the event of any sale of the Premises by Landlord or the cessation otherwise of Landlord's interest therein, . Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease and from all liability hereunder accruing from or after the date of such sale; and die the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or of their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die the Landlord under this Lease. For purposes of this Section 25, die the term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch which Tenant executes this Lease. A ground lease or sirnilar similar long term lease by Landlord of the cnfirc entire Building, of which the Premises premises are a part, shall be deemed a sale within the meaning of d-ds this Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default of any of the provisions of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Infiniti Solutions LTD)

Sale of Premises. In die the event of any sale of the Premises by Landlord or the cessation otherwise of Landlord's ’s interest therein, Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease and from all liability hereunder accruing from or after the date of such sale; and die the purchaser, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die the Landlord under this Lease. For purposes of this Section 25, die the term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch which Tenant executes this Lease. A ground lease or sirnilar similar long term lease by Landlord of the cnfirc entire Building, of which the Premises are a part, shall be deemed a sale within the meaning of d-ds this Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's ’s use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default of any of the provisions of this LeaseLease beyond applicable notice and cure periods.

Appears in 1 contract

Samples: Lease Agreement (Synplicity Inc)

Sale of Premises. In die the event of any sale of the Premises by Landlord or the cessation otherwise of Landlord's interest therein, Landlord shall be and is hereby entirely released from any and all of its obligations to perform or further perform under this Lease and from all liability hereunder accruing to the extent such obligations or liability arises or accrues from or after the date of such sale; and die purchaser. Notwithstanding the foregoing, at such sale or any subsequent sale of the Premises shall be deemed, without any further agreement between the parties or their successors successor in interest shall assume, in writing, Landlord's obligations hereunder to the extent first arising and accruing from and after the date of such transfer and Landlord shall notify Tenant of such in writing on or between after the parties and any date of such purchaser, to have assumed and agreed to carry out any and all of the covenants and obligations of die Landlord under this Leaseconveyance. For purposes of this Section 25, die the term "Landlord" means only the owner and/or agent of the owner as such parties exist as of the date on wWch which Tenant executes this Lease. A ground lease or sirnilar similar long term lease by Landlord of the cnfirc Buildingentire Building or the Park, of which the Premises are a part, shall be deemed a sale within the meaning of d-ds this Section 25. Tenant agrees to attorn to such new owner provided such new owner does not disturb Tenant's use, occupancy or quiet enjoyment of the Premises so long as Tenant is not in default of any of the provisions of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Exodus Communications Inc)

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