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: Center Lease (Etravelserve Com Inc), Center Lease (Etravelserve Com Inc), Geerlings & Wade Inc
Transfer of Deposit. Landlord may deliver transfer the funds deposited hereunder by Tenant security deposit to the any purchaser or transferee of Landlord's ’s interest in the Leased Premises, in the event that such interest be sold or transferred, and thereupon Landlord shall will be discharged from any further liability with respect to such said deposit.
Appears in 3 contracts
Samples: Lease Agreement, Lease Agreement (Sonic Foundry Inc), Lease Agreement (Sonic Foundry 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 Demised Premises, in the event that such interest be sold or transferred, and thereupon upon delivery of notice from such transferee to Tenant acknowledging receipt thereof Landlord shall be discharged from any further liability with respect to such depositthe Security Deposit.
Appears in 2 contracts
Samples: Lease Agreement (Vastera Inc), Lease Agreement (Vastera 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 2 contracts
Samples: Lease (Embassy Bancorp, Inc.), 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 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 hereunto by Tenant Xxxxxx to the purchaser or transferee of Landlord's interest in the Leased Premises, 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. This provision shall also apply to any subsequent transferees.
Appears in 1 contract
Samples: Business Lease (Classic Restaurants International Inc /Co/)
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
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)
Transfer of Deposit. Landlord may shall deliver the funds deposited hereunder by Tenant to the purchaser or transferee any assignee of Landlord's ’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
Transfer of Deposit. Landlord may shall deliver the funds deposited hereunder by Tenant to the purchaser or transferee any assignee of Landlord's ’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 depositSecurity Deposit.
Appears in 1 contract
Samples: Lease Agreement (Spacedev, 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.
Appears in 1 contract
Transfer of Deposit. Landlord may deliver the funds deposited security and any other deposit made hereunder by Tenant to the purchaser or transferee of Landlord's interest in the Leased Premises, property in the event that such interest be sold or transferredotherwise conveyed, and thereupon Landlord shall be discharged from any further liability with respect to such deposit; and this provision shall also apply to any subsequent transferee of Landlord.
Appears in 1 contract
Samples: Seagrape Square Lease Agreement (Admiralty Bancorp Inc)
Transfer of Deposit. Landlord may shall deliver the funds deposited hereunder by Tenant to the purchaser or transferee Purchaser of Landlord's interest in the Leased Premises, Demised Premises in the event that such interest be sold or transferredsold, and thereupon Landlord shall be discharged from any further liability with respect to such deposit. However, the Successor Landlord and/or Transferee shall be responsible for Tenants security deposit.
Appears in 1 contract
Samples: Center Lease (Rose Group of Nevada)
Transfer of Deposit. Landlord may deliver the funds deposited hereunder by Tenant Xxxxxx to the any purchaser or transferee of Landlord's ’s interest in the Leased Premisesleased premises, in the event that such interest be sold or transferredsold, and thereupon Landlord shall be discharged from any further liability with respect to such deposit.
Appears in 1 contract
Samples: onesouthcom.s3.amazonaws.com
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: Galacticomm Technologies Inc