Common use of Conveyance by Lessor Clause in Contracts

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall transfer or assign Lessor's title or interest in the Leased Property or this Lease other than as security for a debt, then, subject to the provisions of this Article XXIX and provided the new owner has agreed in writing for the benefit of Lessee to recognize this Lease and be bound by all of the terms and conditions hereof, Lessor shall thereupon be released from all future liabilities and obligations of Lessor under this Lease arising or accruing from and after the date of such transfer or assignment and all such future liabilities and obligations shall thereupon be binding upon the new owner.

Conveyance by Lessor. If Lessor or any successor owner Lessor of the Leased Property shall transfer or assign Lessor's title or interest in convey the Leased Property or this Lease assign its interest herein in accordance with the terms hereof other than as security for a debt, then, subject to the provisions of this Article XXIX and provided the new owner Lessor has agreed in writing for the benefit of Lessee to recognize this Lease and be bound by all of the terms and conditions hereof, Lessor or such successor Lessor, as the case may be, shall thereupon be released from all future liabilities and obligations of Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer or assignment as to the Leased Property and all such future liabilities and obligations shall thereupon be binding upon the new ownerLessor.

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall transfer or assign Lessor's title or interest in the Leased Property or this Lease other than as security for a debt, then, subject to the provisions of this Article XXIX XXX and provided the new owner has agreed in writing for the benefit of Lessee to recognize this Lease and be bound by all of the terms and conditions hereof, Lessor shall thereupon be released from all future liabilities and obligations of Lessor under this Lease arising or accruing from and after the date of such transfer or assignment and all such future liabilities and obligations shall thereupon be binding upon the new owner.

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall transfer or assign Lessor's title or interest in conveys the Leased Property or this Lease other than as security for a debt, then, subject to and the provisions of this Article XXIX and provided the new owner has agreed in writing for the benefit of Lessee to recognize this Lease and be bound by all grantee or transferee of the terms Leased Property expressly assumes all obligations of Lessor hereunder arising or accruing from and conditions hereofafter the date of such conveyance or transfer, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer or assignment as to the Leased Property and all such future liabilities and obligations shall thereupon be binding upon the new owner.

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall transfer or assign Lessor's title or interest in Properties conveys the Leased Property or this Lease Properties other than as security for a debt, then, subject to and the provisions of this Article XXIX and provided the new owner has agreed in writing for the benefit of Lessee to recognize this Lease and be bound by all grantee or transferee of the terms Leased Properties shall expressly assume all obligations of Lessor hereunder arising or accruing from and conditions hereofafter the date of such conveyance, Lessor or such successor owner, as the case may be, shall thereupon be released from all future liabilities and obligations of Lessor under this Lease arising or accruing from and after the date of such conveyance or other transfer or assignment and all such future liabilities and obligations shall thereupon be binding upon the new owner.

Conveyance by Lessor. If Lessor or any successor owner of the Leased Property shall transfer or assign Lessor's title or interest in the Leased Property or any portion thereof or this Lease other than as security for a debt, then, subject to the provisions of this Article XXIX and provided the new owner has agreed in writing for the benefit of Lessee to recognize this Lease and be bound by all of the terms and conditions hereof, Lessor shall thereupon be released from all future liabilities and obligations of Lessor under this Lease arising or accruing from and after the date of such transfer or assignment and all such future liabilities and obligations shall thereupon be binding upon the new owner.