Common use of Transfer of Deposit Clause in Contracts

Transfer of Deposit. Landlord may deliver the funds deposited hereunder by Tenant to the purchaser or transferee of Landlord's interest in the Leased Premises, in the event that such interest be sold or transferred, and thereupon Landlord shall be discharged from any further liability with respect to such deposit.

Appears in 4 contracts

Samples: Lease (Geerlings & Wade Inc), Shopping Center Lease (Etravelserve Com Inc), Lease (Andrx Corp)

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Transfer of Deposit. Landlord may shall deliver the funds deposited hereunder by Tenant to the purchaser or transferee of Landlord's interest in the Leased Premises, in the event that such interest be sold or transferred, and thereupon Landlord shall be discharged from any further liability with respect to such deposit.

Appears in 2 contracts

Samples: Lease (Embassy Bancorp, Inc.), Lease (Embassy Bancorp, Inc.)

Transfer of Deposit. Landlord may deliver the funds deposited hereunder by Tenant Security Deposit to the purchaser or transferee of Landlord's interest in the Leased Premises, in the event that such interest be sold or transferredis sold, and, provided such purchaser has assumed in writing the obligations of Landlord hereunder, and thereupon Landlord shall be discharged from any further liability with respect to such depositthe Security Deposit.

Appears in 1 contract

Samples: Lease (Teltronics Inc)

Transfer of Deposit. Landlord may deliver the funds deposited hereunder by Tenant to the purchaser or transferee of Landlord's interest in the Leased Premises, in at the event that time such interest be sold or transferredis sold, and thereupon at which time Landlord shall be discharged from any further liability with respect to such deposit.

Appears in 1 contract

Samples: Lease (Americasbank Corp)

Transfer of Deposit. Landlord may deliver the funds deposited hereunder by Tenant Security Deposit to the purchaser or transferee of Landlord's ’s interest in the Leased Premises, in the event that such interest be sold or transferredis sold, and and, provided such purchaser has assumed in writing the obligations of Landlord hereunder, thereupon Landlord shall be discharged from any further liability with respect to such depositthe Security Deposit.

Appears in 1 contract

Samples: Lease Agreement (Quixote Corp)

Transfer of Deposit. Landlord may deliver the funds deposited hereunder by Tenant to the purchaser or transferee of Landlord's reversionary interest in the Leased Premises, Premises in the event that such reversionary interest be sold or transferred, and thereupon there upon Landlord shall be discharged from any further liability with respect to such deposit.

Appears in 1 contract

Samples: Lease Agreement (Penn National Gaming Inc)

Transfer of Deposit.  Landlord may shall deliver the funds deposited hereunder by Tenant to the purchaser or transferee of Landlord's interest in the Leased Premises, in the event that such interest be sold or transferred, and thereupon Landlord shall be discharged from any further liability with respect to such deposit.. 

Appears in 1 contract

Samples: Lease (Embassy Bancorp, Inc.)

Transfer of Deposit. Landlord may deliver the funds deposited hereunder by Tenant to the purchaser or transferee of Landlord's interest in the Leased Premises, in the event that such interest be sold or transferred, and thereupon Landlord shall be discharged from any further liability with respect to such deposit, providing purchaser or transferee assumes the obligations regarding Tenant's security deposit.

Appears in 1 contract

Samples: Lease (Galacticomm Technologies Inc)

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Transfer of Deposit. Upon notice to Tenant in writing Landlord may ------------------- deliver the funds deposited hereunder by Tenant to the purchaser or transferee of Landlord's interest in the Leased Premises, in the event that such interest be sold or transferred, transferred and thereupon Landlord shall be discharged from any further liability with respect to such deposit.

Appears in 1 contract

Samples: Lease Agreement (Paradigm Genetics Inc)

Transfer of Deposit. Landlord may deliver the funds deposited hereunder by Tenant to the purchaser or transferee of Landlord's ’s interest in the Leased Premisesleased premises, in the event that such interest be sold or transferred, and thereupon Landlord shall be discharged from any further liability with respect to such depositdeposit and this Lease Agreement. ARTICLE VI Signs, Awnings, Canopies, Fixtures, Alteration

Appears in 1 contract

Samples: Asset Purchase Agreement (Continucare Corp)

Transfer of Deposit. Landlord may deliver the funds deposited hereunder by Tenant Tenant’s Utility Deposit to the any purchaser or transferee of Landlord's interest in the Leased PremisesPremises (so long as the relevant utility provider designates such purchaser as the proper holder of the Utility Deposit) and, in the event that upon such interest be sold or transferreddelivery, and thereupon notice by, Landlord to Tenant of the name and legal address of such purchaser, Landlord shall be discharged from any further liability with respect to such depositthe Utility Deposit.

Appears in 1 contract

Samples: Acquisition and Development Agreement (Urban Outfitters Inc)

Transfer of Deposit. The Landlord may deliver the funds deposited hereunder by the Tenant to the purchaser or transferee of Landlord's interest in the Leased Premises, in the event that such interest be sold or transferredconveyed, and thereupon Landlord shall be discharged by Tenant Lessee from any further liability with respect to such depositSecurity Deposit provided said purchaser assumes in writing Landlord's obligations under this Lease (subject to and with the benefit of Section 30), including obligations relating to the Security Deposit.

Appears in 1 contract

Samples: Lease (Inso Corp)

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