Common use of Sale of Building Clause in Contracts

Sale of Building. In the event of a sale or other transfer of the Building (or Landlord's interest therein), Landlord shall have the right to transfer the balance of the Security Deposit to the new owner or to transferee. Upon any such transfer and receipt from the successor landlord that it has received the Security Deposit and assumes all of Landlord's obligations under this Lease, Landlord shall thereupon be released by Tenant from all liability for the return of the Security Deposit; and Xxxxxx agrees to look to the new landlord for the return of such Security Deposit. If Xxxxxx is not in default hereunder at the end of the Term, Landlord will, within sixty (60) days after the expiration or earlier termination of the Lease, return the Security Deposit, or so much as has not been applied by Xxxxxxxx, to Tenant or the last permitted assignee of Tenant's interest hereunder at the expiration of the Term.

Sale of Building. In the event of a sale or other transfer of the Building (or Landlord's ’s interest therein), Landlord shall have the right to transfer the balance of the Security Deposit to the new owner or to transferee. Upon any such transfer and receipt from the successor landlord that it has received the Security Deposit and assumes all of Landlord's ’s obligations under this Lease, Landlord shall thereupon be released by Tenant from all liability for the return of the Security Deposit; and Xxxxxx Tenant agrees to look to the new landlord for the return of such Security Deposit. If Xxxxxx Tenant is not in default hereunder at the end of the Term, Landlord will, within sixty thirty (6030) days after the expiration or earlier termination of the Lease, return the Security Deposit, or so much as has not been applied by XxxxxxxxLandlord, to Tenant or the last permitted assignee of Tenant's ’s interest hereunder at the expiration of the Term.

Sale of Building. In the event of a sale or other transfer of the Building (or Landlord's ’s interest therein), Landlord shall have the right to transfer the balance of the Security Deposit to the new owner or to transferee. Upon any such transfer and receipt from acknowledgement of the successor landlord that it has received the Security Deposit and assumes all of Landlord's ’s obligations under this Lease, Landlord shall thereupon be released by Tenant from all liability for the return of the Security Deposit; and Xxxxxx Tenant agrees to look to the new landlord for the return of such Security Deposit. If Xxxxxx Tenant is not in default hereunder at the end of the Term, Landlord will, within sixty forty-five (6045) days after the expiration or earlier termination of the Lease, return the Security Deposit, or so much as has not been applied by XxxxxxxxLandlord, to Tenant or the last permitted assignee of Tenant's ’s interest hereunder at the expiration of the Term.