Common use of Assumption of Obligations Clause in Contracts

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 71 contracts

Sources: Annual Report, Form 10 K/A, Lease Agreement (Gsi Technology Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, law shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 3 contracts

Sources: Standard Industrial/Commercial Multi Tenant Lease (DCH Technology Inc), Standard Industrial/Commercial Multi Tenant Lease (DCH Technology Inc), Lease Agreement (Intellisys Group Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 3 contracts

Sources: Lease Agreement (Metacreations Corp), Lease Agreement (Metacreations Corp), Lease Agreement (Metacreations Corp)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's Lessors obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 2 contracts

Sources: Lease Agreement (Details Inc), Lease Agreement (Sonicport Com)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, Lease shall be deemed to have assumed Lessor's obligation under this Paragraph 15hereunder. Each Broker shall be an intended a third party beneficiary of the provisions of Paragraph 1.10 Paragraphs 1.10, 15, 22 and of this Paragraph 15 31. If Lessor fails to the extent of its interest in pay to a Broker any commission arising from amounts due as and for commissions pertaining to this Lease and may enforce that right directly against Lessor and its successorswhen due, then such amounts shall accrue Interest.

Appears in 2 contracts

Sources: Standard Industrial/Commercial Single Tenant Lease Net (North Valley Bancorp), Standard Industrial/Commercial Single Tenant Lease Net (Imaging Technologies Corp/Ca)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, . shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and arid its successors.

Appears in 2 contracts

Sources: Lease Agreement (Futon World Inc), Lease Agreement (Futon World Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in Interest In this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended Intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in Its Interest In any commission arising from this Lease and may enforce that right directly against Lessor and its Its successors.

Appears in 2 contracts

Sources: Lease Agreement (Amexdrug Corp), Lease Agreement (Amexdrug Corp)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 2 contracts

Sources: Lease Agreement (Objectshare Inc), Lease Agreement (Starbase Corp)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's Lessor s obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (Seracare Life Sciences Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, . whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 1,10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Lease Agreement (Quality Systems Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest Interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this the Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Lease Agreement (Launch Media Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest Interest in this Lease, whether such transfer is by agreement or by operation of law, ; shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Lease Agreement (Lmi Aerospace Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its o fits interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Lease Agreement (Canmax Inc /Wy/)

Assumption of Obligations. Any buyer or transferee of Lessor's ------------------------- interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Net Lease (Spectrian Corp /Ca/)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third thirty party beneficiary of the provisions of Paragraph 1.10 1.100 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (Qad Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Lease Agreement (Imagemax Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Ease Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 l.l0 and of this the Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Lease Agreement (Synbiotics Corp)

Assumption of Obligations. Any buyer or transferee transfer of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Lease Agreement (Mossimo Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, law shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successorssucce▇▇▇▇▇.

Appears in 1 contract

Sources: Lease (Empyrean Bioscience Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 1545. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent agent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its Its successors.

Appears in 1 contract

Sources: Lease Agreement (21st Century Technologies Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.:

Appears in 1 contract

Sources: Lease Agreement (Myo Diagnostics Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's Lessees interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 1514. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease Gross (Embedded Support Tools Corp)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, Lease shall be deemed to have assumed Lessor's obligation under this Paragraph 15hereunder. Each Broker Brokers shall be an intended third party beneficiary beneficiaries of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.Paragraphs 1.9, 15. 22

Appears in 1 contract

Sources: Lease Agreement (Trimedyne Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions provision of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (RVision, Inc.)

Assumption of Obligations. Any buyer or transferee of Lessorlessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (Intertrust Technologies Corp)

Assumption of Obligations. Any buyer or transferee of Lessor's ------------------------- interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising Arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Lease Agreement (Critical Path Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and any may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (Formfactor Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest Interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's Lessors obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial Commercial Multi Tenant Lease (Rockford Corp)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (Dynatem Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph Paragraphs 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Lease Agreement (Formfactor Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessorlessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Lease Agreement (Liuski International Inc /De)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, Lease shall be deemed to have assumed Lessor's obligation under this Paragraph 15hereunder. Each Broker Brokers shall be an intended third party beneficiary beneficiaries of the provisions of Paragraph Paragraphs 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Multi Tenant Office Lease (Eye Dynamics Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended BS UBRWBSWS third party beneficiary beneficiaries of the provisions of Paragraph Paragraphs 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (Formfactor Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest Interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (Willis Lease Finance Corp)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is transfers by agreement or by operation of law, law shall be deemed to have assumed Lessor's obligation under this Paragraph paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 1.14 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (Ciphergen Biosystems Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, Lease shall be deemed to have assumed Lessor's obligation under this Paragraph 15hereunder. Each Broker shall be an intended a third party beneficiary of the provisions of Paragraph 1.10 Paragraphs 1.10. 15, 22 and of this Paragraph 15 31. If Lessor fails to the extent of its interest in pay to a Broker any commission arising from amounts due as and for commissions pertaining to this Lease and may enforce that right directly against Lessor and its successorswhen due, then such amounts shall accrue Interest.

Appears in 1 contract

Sources: Lease Agreement (Magnetek Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed all Lessor's obligation obligations under this Paragraph 15Lease. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (Rockshox Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in Lessor s Interest In this Lease, whether such transfer is Is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended Intended third party beneficiary benificiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission commisslon arising from this Lease and may enforce that right directly against agalnst Lessor and its Its successors.

Appears in 1 contract

Sources: Lease Agreement (Oryx Technology Corp)

Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.*

Appears in 1 contract

Sources: Standard Industrial/Commercial Multi Tenant Lease (Natural Alternatives International Inc)

Assumption of Obligations. Any buyer or transferee of Lessor's Lessors interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

Appears in 1 contract

Sources: Lease Agreement (Internet Golf Association Inc)