Common use of Assignments and Subleasing Clause in Contracts

Assignments and Subleasing. 14.1. Tenant may assign this Lease or sublease the Premises, in whole or in part, without the consent of Landlord. No assignment or subletting shall operate to release Tenant of liabilities and obligations arising hereunder, which shall continue in full force and effect. 14.2. Subsequent to the Rent Commencement Date, Landlord shall have the absolute right to assign or otherwise transfer its interest in this Lease, the Premises or any part thereof. Tenant shall make all payments required under this Lease to Landlord, or its successors in interest, unless and until Tenant is notified in writing of an assignment, and Tenant shall not be liable to any assignee for any Rent due hereunder until Tenant is so notified. The term "Landlord" as used in this Lease so far as covenants or obligations on the part of Landlord are concerned, shall be limited to mean and include only the owner or owners of the Premises at the time in question. In the event of any transfer or transfers of the title thereto, the Landlord herein named (and, in the case of any subsequent transfer of conveyance, the then transferor) shall be automatically freed and relieved from and after the date of such performance of any covenants or obligations on the part of Landlord contained in this Lease thereafter to be performed, and any such transferee shall be deemed without any further action to have assumed the covenants and obligations on the part of Landlord contained in this Lease arising after the date of such transfer. The Landlord who has been relieved from all liability with respect to the performance of covenants or obligations on the part of Landlord contained in this Lease after the transfer shall remain liable to Tenant for all obligations of Landlord arising prior to such transfer (and the same shall survive the transfer and/or any subsequent termination of the Lease).