Assignment of Security Deposits. An Assignment of all Security Deposits being held by Seller or the agents of Seller with respect to the Property to Buyer. □ Xxxx of Sale. Duly executed and acknowledged Xxxx of Sale conveying to Buyer good and marketable title to the personal property (and to all improvements to the extent they could be determined to be personal property), free of all liens, security interests and encumbrances, together with all use/maintenance manuals, logs and other documents relating thereto.
Assignment of Security Deposits. Assignor hereby sells, transfers and assigns to Assignee all of its right, title and interest in and to those security deposits held by Assignor pursuant to the Leases, and identified on Attachment B attached hereto and made a part hereof (collectively, the “Security Deposits”), which Assignee shall segregate and maintain as required by applicable law and the terms of the Leases.
Assignment of Security Deposits. Assignor hereby sells, transfers and assigns to Assignee a 5% undivided interest in and to the security deposits held by Assignor pursuant to the Lease, if any (collectively, the “Security Deposits”).
Assignment of Security Deposits. Seller transfers and assigns to Buyer all Tenant Deposits. [Seller represents and warrants to Buyer that the aggregate sum of the Tenant Deposits is $_.]
Assignment of Security Deposits. If applicable, a duly -------------------------------- executed, valid and acknowledged assignment and assumption of all Security Deposits, together with any and all interest accrued thereon, if any, together with Seller's indemnification and hold harmless agreement indemnifying Purchaser with respect to such Security Deposits for the period prior to the Closing Date, in form and substance satisfactory to Purchaser.
Assignment of Security Deposits. An Assignment of all Security Deposits being held by Seller or the agents of Seller with respect to the Property to Buyer.
Assignment of Security Deposits. Seller transfers and assigns to Buyer all Tenant Deposits. [SELLER REPRESENTS AND WARRANTS TO BUYER THAT THE AGGREGATE SUM OF THE TENANT DEPOSITS IS $____.]
Assignment of Security Deposits. Each security deposit provided for under each Lease shall be fully assigned or credited to Purchaser as of the Closing. If and to the extent that any Tenant's security deposit is in the form of a letter of credit, then, prior to Closing, Seller shall cause such letter of credit to either be amended or reissued in order to name Purchaser as its beneficiary, and all original letters of credit (and any amendments thereto) shall be delivered to Purchaser at Closing.
Assignment of Security Deposits. If any of the Leases provide for a security deposit paid by any Lessee to Borrower, Borrower hereby grants a security interest in and assigns its right, title and interest in and to such security deposit to Bank. Borrower, however, shall have the right to retain such security deposits so long as there has been no Event of Default (hereinafter defined in Paragraph 4.1 hereunder), provided Bank shall not be obligated to any Lessee for any such security deposit until Bank obtains possession or control of such security deposit after an Event of Default.
Assignment of Security Deposits. The Grantor hereby assigns to the Beneficiary all security deposits, if any, received by the Grantor or any agent of the Grantor relative to the Trust Estate. Prior to an Event of Default hereunder and demand by the Beneficiary for delivery of such security deposits to it or its designee, the Grantor shall maintain the security deposits in a separate, identifiable account with a bank acceptable to the Beneficiary. Upon delivery of such security deposits to the Beneficiary, the Beneficiary shall hold such deposits pursuant to the terms of the leases in respect of which such deposits were obtained by the Grantor. In no event shall the Beneficiary be liable to any lessee of any part of the Trust Estate for the return of any security deposit in any amount in excess of the amount delivered to the Beneficiary by the Grantor. Any security deposits held by the Beneficiary shall not bear interest.
