Assignment by the Landlord Clause Samples
The "Assignment by the Landlord" clause defines the landlord's right to transfer their interest in the lease or the property to another party. Typically, this clause allows the landlord to assign their rights and obligations under the lease without needing the tenant's consent, and may specify whether the tenant must be notified of such an assignment. Its core practical function is to provide the landlord with flexibility in managing or disposing of their property interests, while clarifying the tenant's obligations to any new owner, thus ensuring continuity and certainty in the lease relationship.
Assignment by the Landlord. In the event of the sale, lease or disposition by the Landlord of the Lands or any part thereof, or the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, and to the extent that the purchaser or assignee thereof assumes the covenants and obligations of the Landlord hereunder, the Landlord shall thereupon and without further agreement, be freed and relieved of all liability with respect to such covenants and obligations.
Assignment by the Landlord. If the Landlord transfers the Demised Premises and if the transferee executes an assumption of this Lease and the Contribution Agreement, each in a form and content acceptable to the Tenant, then the Landlord shall be relieved of all liability under this Lease after the date of such transfer.
Assignment by the Landlord. If the Landlord sells or transfers any portion of the Premises or any interest of the Landlord in the Lease, the Landlord shall be released from its obligations under the Lease to the extent that the transferee or owner assumes all of the Landlord’s obligations under the Lease.
Assignment by the Landlord. In the event of the transfer and assignment by the Landlord of his interest in this Lease and/or Farm the transferee or assignee shall expressly assume the Landlord's obligations under this Lease, and the Landlord shall thereby be released from any further obligations thereunder, and the Tenant agrees to look solely to such transferee or assignee for performance of such obligations.
Assignment by the Landlord. The Landlord shall have the unrestricted right to sell, lease, convey or otherwise dispose of the Property or any part thereof and this lease, including the right to mortgage this lease. To the extent that the purchaser or assignee from the Landlord assumes the obligations of the Landlord under this lease, the Landlord shall thereupon and without further agreement be released of all liability under this lease.
Assignment by the Landlord. The Landlord, at any time and from time to time, may sell, transfer, lease, assign or otherwise dispose of the whole or any part of its interest in the Complex, and at any time and from time to time may enter into any Mortgage of the whole or any part of its interest in the Complex. If the party acquiring such interest shall have agreed, so long as it holds such interest, to assume and to perform each of the covenants, obligations and agreements of the Landlord under this Lease in the same manner and to the same extent as if originally named as the Landlord in this Lease, the Landlord shall thereupon be released from all of its covenants and obligations under this Lease.
Assignment by the Landlord. If there is a sale, lease or other disposition by the Landlord of the Building and/or the Lands or any part thereof, or the assignment by the Landlord of this Lease or any interest of the Landlord hereunder, and to the extent that the purchaser or assignee assumes the covenants and obligations of the Landlord hereunder, the Landlord will, thereupon and without further agreement, be relieved of all further liability with respect to its covenants and obligations.
Assignment by the Landlord. The Landlord shall have the unrestricted right to sell, lease, convey, or otherwise dispose of the Building or any part thereof and this Lease or any interest of the Landlord in this Lease. To the extent that the purchaser or assignee from the Landlord assumes the obligations of the Landlord under this Lease, the Landlord shall thereupon and without further agreement be released of all further liability under this Lease. If the Landlord sells its interest in the Premises, it shall deliver the security deposit to the purchaser and the Landlord will thereupon be released from any further liability with respect to the security deposit or its return to the Tenant and the purchaser shall become directly responsible to the Tenant.
Assignment by the Landlord. If the Landlord assigns or otherwise transfers its interest in this Lease to any Person (“Successor Landlord”), it shall cause the Successor Landlord to enter into an agreement with the Tenant to observe and perform all of the terms of this Lease on the part of the Landlord to be observed and performed.
Assignment by the Landlord. If there is a sale, lease or other disposition by the Landlord of the Project or any part thereof or the assignment by the Landlord of this Lease or any interest of the Landlord hereunder & the extent that the purchaser or assignee assumes the covenants and obligations of the Landlord hereunder, the Landlord will thereupon & without further agreement be relieved of all further liability with respect to its covenants obligations.