Transfers of Landlord’s Interest. The Landlord shall have the right from time to time to sell or mortgage its interest in the Property, the Building and the Premises, to assign its interest in this Lease, or to assign froM tune to time the whole or any portion of the Basic Rent, Additional Rent or other sums and charges at any time paid or payable hereunder by the Tenant to the Landlord, to any Mortgagees or other transferees designated by the Landlord in duly recorded instruments, and in any such case the Tenant shall pay the Basic Rent, Additional Rent and such other sums and charges so assigned, subject to the terms of this Lease, upon demand to such Mortgagees and other transferees at the addresses mentioned in and in accordance with the terms of such instruments. -
Transfers of Landlord’s Interest. The term “Landlord” as used in this Lease, so far as covenants or obligations on the part of Landlord are concerned, will be limited to mean and include only the owner or owners of the Premises at the time in question, and in the event of any transfer or conveyance, then so long as any transferee has expressly assumed in writing all of the obligations of Landlord hereunder and Tenant has received prior written notice of such transfer or conveyance, the then grantor will be automatically freed and released from all personal liability accruing from and after the date of such transfer or conveyance as respects the performance of any covenant or obligation on the part of Landlord contained in this Lease to be performed, it being intended hereby that the covenants and obligations contained in this Lease on the part of Landlord will be binding on the then Landlord only during and in respect to its period of ownership. In the event of a sale or conveyance by Landlord of the Premises, the same will operate to release Landlord from any future liability upon any of the covenants or conditions herein contained and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this Lease. This Lease will not be affected by any such sale or conveyance, and Tenant agrees to attorn to the purchaser or grantee, which will be obligated on this Lease only so long as it is the owner of Landlord’s interest in and to this Lease.
Transfers of Landlord’s Interest. Landlord shall have the right from time to time to sell or mortgage its interest in the Property, the Building and the Premises, to assign its interest in this Lease, or to assign from time to time the Basic Rent, Additional Rent or other sums and charges at any time paid or payable hereunder by Tenant to Landlord, to any Mortgagees or other transferees designated by Landlord. In any such case Tenant shall pay the Basic Rent, Additional Rent and such other sums and charges so assigned, subject to the terms of the Lease, upon receipt from Landlord of written notice, to such Mortgagees and other transferees at the addresses mentioned in and in accordance with terms of such instruments of designation.
Transfers of Landlord’s Interest. No transfer or sale of Landlord’s interest hereunder shall release Landlord from any of its obligations or duties hereunder prior thereto. Landlord shall be released of any ongoing obligations hereunder and from any obligation arising from and after the date of such transfer upon the written assumption of all such obligations and duties by the transferee of Landlord.
Transfers of Landlord’s Interest. The Landlord shall have the right from time to time to sell or mortgage its interest in the Building and Property, to assign its interest in this Lease, or to assign from time to time the whole o: any portion of the Basic Rent, Additional Rent or other sums and charges at any time paid or payable hereunder by the Tenant to the Landlord, to any Mortgagees or other transferees designated by the Landlord (or, in the case of any purchasers at foreclosure sales or grantees under deeds in lieu of foreclosure, by any Mortgagee) by duly recorded instruments and after receipt of copies of such instruments, the Tenant shall pay the Basic Rent, Additional Rent and such other sums and charges so assigned, subject to the terms of the Lease, upon demand to such Mortgagees and other transferees, purchasers and grantees at the addresses mentioned in and in accordance with the terms of such instruments. Each foreclosing Mortgagee or other transferee, purchaser or grantee shall, in writing, assume the obligations of the Landlord under this Lease, subject, however, to the limitations upon liability of the Landlord as set forth in Paragraph 27. Within ten (10) days following any transfer by Landlord of its ownership interest in the property, Landlord shall provide Tenant with written notice of such transfer and the name and address of the successor Landlord to whom Tenant should send future rent payments and notices (the "Transfer Notice"). In the event that the Landlord fails to provide the Transfer Notice, (a) the Tenant shall not be liable to any successor Landlord for rent payments paid to the former (predecessor) Landlord and (b) any successor Landlord shall be bound by any notice sent to the former (predecessor) Landlord by the Tenant.
Transfers of Landlord’s Interest. The term "Landlord" shall -------------------------------- mean only the owner at the time in question of the present Landlord's interest in the Building. In the event of a sale or transfer of the Building (by operation of law or otherwise) or a lease of all or substantially all of the Building, or a sale or transfer (by operation of law or otherwise) of the leasehold estate under any such lease, the grantor, transferor or lessor, as the case may be, shall be and hereby is (to the extent of the interest or portion of the Building or leasehold estate sold, transferred or leased) automatically and entirely released and discharged, from and after the date of such sale and other thus accrued obligations, transfer or leasing, of all liability in respect of the performance of any of the terms of this Lease on the part of Landlord thereafter to be performed; it being intended that Landlord's obligations hereunder shall be binding on Landlord, its successors and assigns only during and in respect of their respective successive periods of ownership. In the event of such a sale, transfer or leasing, the covenants of Landlord shall thereafter be binding upon the transferee of Landlord's interest. If Landlord's interest in the Building shall be sold, assigned or otherwise transferred to any Person, including any transfer upon the exercise of any remedy provided in a Superior Lease or a Superior Mortgage or at law or equity, that Person, and EXECUTION COPY each Person thereafter succeeding to its interest in the Building, shall not be: (a) liable for any act or omission of Landlord under this Lease occurring prior to such sale, assignment or other transfer; (b) subject to any offset, defense or counterclaim accruing prior to such sale, assignment, or other transfer; (c) bound by any payment prior to such sale, assignment or other transfer of Base Rent or Additional Rent for more than one month in advance; and (d) liable for the return of the Security Deposit except to the extent that the Security Deposit has been paid over to such Person.
Transfers of Landlord’s Interest. The term "Landlord" shall mean only the owner at the time in question of the present Landlord's interest in the Building and in the event of (a) a sale or transfer of all or any part of the Building which includes the Premises (by operation of law or otherwise), (b) the lease of all or substantially all of the Building or (c) a sale or transfer (by operation of law or otherwise) of the leasehold estate under any such lease, the grantor, transferor or lessor, as the case may be, shall be and hereby is (to the extent of the interest or portion of the Building or leasehold estate sold, transferred or leased) automatically and entirely released and discharged, from and after the date of such sale, transfer or lease, of all liability in respect of the performance of any of the terms of this Lease on the part of Landlord thereafter to be performed; it being intended that Landlord's obligations hereunder shall be binding on Landlord, its successors and assigns only during and in respect of their respective successive periods of ownership. In the event of such a sale, transfer or lease, the covenants and agreements of Landlord shall thereafter be binding upon the transferee of Landlord's interest.
Transfers of Landlord’s Interest. If Landlord transfers or conveys fee title in and to the Property for any reason other than collateral security purposes (which collateral security purposes shall be deemed to include, for purposes hereof, any sale-leaseback or ground lease transaction or arrangement or similar transaction or arrangement), the transferor is automatically relieved of all obligations on the part of Landlord accruing under this Lease from and after the date of the transfer or conveyance, provided that the transferee assumes all of Landlord’s obligations accruing subsequent to the transfer or conveyance and further provided that the transferor delivers to the transferee any funds the transferor holds in which Tenant has an interest (such as a security deposit). Landlord’s covenants and obligations in this Lease bind each successive Landlord only during and with respect to its respective period of ownership. However, notwithstanding any such sale, conveyance or other transfer, each transferor and its respective “Landlord Parties” remain entitled to the benefits of Tenant’s releases and indemnity and insurance obligations (and similar obligations) under this Lease with respect to matters arising or accruing during such transferor’s period of ownership.
Transfers of Landlord’s Interest. The Landlord shall have the right from time to time to sell or mortgage its interest in the Property, the Building and the Premises, to assign its interest in this Lease, or to assign from time to time the whole or any portion of its entitlement to receive the Basic Rent, Additional Rent or other sums and charges at any time paid or payable hereunder by the Tenant to the Landlord, to any Mortgagees or other transferees designated by the Landlord in duly recorded instruments, and in any such case the Tenant shall pay the Basic Rent, Additional Rent and such other sums and charges so assigned, subject to the term of the Lease, upon demand to such Mortgagees and other transferees at the addresses mentioned in and in accordance with the terms of such instruments provided the Tenant has been notified of such transfer and provided with such addresses, and further provided, that any such assignment shall not relieve Landlord of any of its obligations hereunder.
Transfers of Landlord’s Interest. The covenants and agreements of Landlord under this Lease shall not be binding on any person at any time holding the interest of Landlord (including the original named Landlord) subsequent to the transfer of that person's interest in the Building. In the event of such a transfer, the covenants and agreements of Landlord shall thereafter be binding upon the transferee of Landlord's interest. If Landlord's interest in the Building or the Land shall be sold, assigned or otherwise transferred to any person, including any transfer upon the exercise of any remedy provided in a mortgage or at law or equity, that person, and each person thereafter succeeding to its interest in the Building or the Land, shall not be (a) liable for any act or omission of Landlord under this Lease occurring prior to such sale, assignment or other transfer; (b) subject to any offset, defense or counterclaim accruing prior to such sale, assignment or other transfer; (c) bound by any payment prior to such sale, assignment or other transfer of Basic Rent or Additional Security Charges for more than one month in advance; and (d) liable for the return of the Security Deposit except to the extent that the Security Deposit has been paid over to such person.
