Common use of Third-Party Owner Clause in Contracts

Third-Party Owner. If someone acquires the Property through Lender, whether at a trustee or foreclosure sale or otherwise, that person shall have the same rights and obligations to continue the Lease with Tenant as Lender would have under this agreement.

Appears in 2 contracts

Sources: Lease (Mimecast LTD), Commercial Lease Agreement (Oryon Technologies, Inc.)

Third-Party Owner. If someone acquires the Property through Lender, whether at a trustee or foreclosure sale or otherwise, that person shall have the same rights and obligations to continue the Lease with Tenant as Lender and Tenant would have under this agreement.

Appears in 1 contract

Sources: Industrial Building Lease (Sanfilippo John B & Son Inc)