Common use of Transfer of Landlord’s Interest Clause in Contracts

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but agrees that an assignment shall not release Landlord from its obligations hereunder and Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 5 contracts

Samples: Office Lease (Peregrine Systems Inc), Office Lease (Peregrine Systems Inc), Office Lease (Peregrine Systems Inc)

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Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project and Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer and a transfer of the security deposit, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 5 contracts

Samples: Office Lease (Team Communication Group Inc), Office Lease (Casino Players, Inc.), Retail Lease (Colecciones De Raquel Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project Real Property and in this Lease, and Tenant agrees that in the event of any such transfertransfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 5 contracts

Samples: Office Lease (Nabriva Therapeutics PLC), Office Lease (Active Network Inc), Office Lease (Accelrys, Inc.)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but agrees that an assignment shall not release Landlord from its obligations hereunder and Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 3 contracts

Samples: Specialty Laboratories Inc, Office Lease (Integrated Information Systems Inc), Office Lease (Capstone Turbine Corp)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord ------------------------------- has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but agrees that an assignment shall not release Landlord from its obligations hereunder and Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 3 contracts

Samples: Office Lease (Venture Catalyst Inc), Office Lease (Entravision Communications Corp), Office Lease (Entravision Communications Corp)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project Premises and in this Lease, Lease and Tenant agrees that in the event of any such transfertransfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations to be performed hereunder after the date of such transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 2 contracts

Samples: Single Tenant Lease (Aptera Motors Corp), School Lease

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord Xxxxxxxx has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant Xxxxxx agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant Xxxxxx agrees to look solely to such transferee for the performance of Landlord's obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but agrees that an assignment shall not release Landlord from its obligations hereunder and Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 2 contracts

Samples: Rooftop License Agreement (Kinzan Inc), Article 6 Services (SGX Pharmaceuticals, Inc.)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that that, subject to Article 18 above, Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 2 contracts

Samples: Office Lease (Spinal Elements Holdings, Inc.), Office Lease (Spinal Elements Holdings, Inc.)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project Real Property and in this Lease, and Tenant agrees that in the event of any such transfertransfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Office Lease (PDF Solutions Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that ------------------------------- Landlord has the right to transfer all or any portion of its interest in the Project Land and Building and in this Lease, and Tenant Xxxxxx agrees that in the event of any such transfer, transfer Landlord shall automatically be released from all liability under this Lease for obligations accruing arising after the date of such transfer and Tenant Xxxxxx agrees to look solely to such transferee for the performance of LandlordXxxxxxxx's obligations to be performed hereunder arising after the date of such transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Lease (Tenfold Corp /Ut)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all remaining liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Office Lease (Capitol Investment Corp. V)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Magnetek Inc

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project Land and Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer and the assumption of Landlord's obligations hereunder by such transferee, Landlord shall automatically be released from all liability under this Lease for obligations accruing arising after the date of such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations to be performed hereunder arising after the date of such transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Agreement (Orbitz Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project Land and Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease for obligations accruing arising after the date of such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations to be performed hereunder arising after the date of such transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Lease (Bancinsurance Corp)

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Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project and Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all remaining liability under this Lease for obligations accruing arising from and after the date of such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Lease (Genomatica Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project and Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations to be performed hereunder from and after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or a mortgage/deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Office Lease (Ampio Pharmaceuticals, Inc.)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but agrees that an assignment shall not release Landlord from its obligations hereunder and Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Office Lease and Settlement Agreement (Peregrine Systems Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project and Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer and a transfer of the security deposit, Landlord shall automatically be released from all liability under this Lease for obligations accruing from and after the date of transfer such transfer, and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Form Office Lease (Abraxis BioScience, Inc.)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has ------------------------------- the right to transfer all or any portion of its interest in the Project Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer and a transfer of the Security Deposit, Landlord shall automatically be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Office Lease (Mego Financial Corp)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project Premises, the Office Section and the Building and in this Lease, and Tenant agrees that in the event of any such transfertransfer and the assumption of all of Landlord's prospective obligations by the transferee, Landlord shall automatically be released from all prospective liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's such obligations to be performed hereunder after the date of transferhereunder. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Artificial Life Inc

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project Real Property and Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all remaining liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.. 29.5

Appears in 1 contract

Samples: Office Lease (Central Coast Bancorp)

Transfer of Landlord’s Interest. Tenant acknowledges agrees that Landlord has the right to transfer all or any portion of its interest in the Project Land and Building and in this Lease, . If such a transfer occurs and Tenant agrees that in such transferee assumes the event of any such transferobligations under this Lease, Landlord shall automatically be released from all liability under this Lease for obligations accruing arising after the date of such transfer and Tenant agrees to look solely to such transferee for the performance of Landlord's ’s obligations to be performed hereunder arising after the date of such transfer. Tenant further acknowledges that the Landlord may assign its interest in this Lease to the holder of any a mortgage or deed of trust lender as additional security, but security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Eighth Lease Amendment (Heidrick & Struggles International Inc)

Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project xxx Xxxxect or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically autoxxxxxxlly be released from all liability under this Lease for obligations accruing after the date of transfer and Tenant agrees to look solely to such transferee for the performance of LandlordLaxxxxxx's obligations to be performed hereunder after the date of transfer. Tenant further acknowledges that Landlord may assign its interest in this Lease to the holder of any mortgage or deed of trust as additional security, but agrees that an assignment shall not release Landlord from its obligations hereunder and Tenant shall continue to look to Landlord for the performance of its obligations hereunder.

Appears in 1 contract

Samples: Office Lease (Capital Growth Holdings LTD /De/)

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