Common use of Transfer of Deposit Clause in Contracts

Transfer of Deposit. Landlord may deliver Tenant’s Security Deposit and Utility Deposit to any purchaser of the Leased Premises and, upon such delivery, Landlord shall be discharged from any further liability with respect to the Security Deposit and Utility Deposit.

Transfer of Deposit. Landlord may deliver Tenant’s the Security Deposit and Utility Deposit to any the purchaser of Landlord’s interest in the Leased Premises Premises, in the event that such interest is sold, and, upon provided such deliverypurchaser has assumed in writing the obligations of Landlord hereunder, thereupon Landlord shall be discharged from any further liability with respect to the Security Deposit and Utility Deposit.

Transfer of Deposit. Landlord may deliver Tenant’s the Security Deposit and Utility Deposit to any the purchaser of Landlord's interest in the Leased Premises Premises, in the event that such interest is sold, and, upon provided such deliverypurchaser has assumed in writing the obligations of Landlord hereunder, and thereupon Landlord shall be discharged from any further liability with respect to the Security Deposit and Utility Deposit.

Transfer of Deposit. Landlord may deliver Tenant’s Security Deposit and Utility Deposit to any purchaser of the Leased Premises (so long as the relevant utility provider designates such purchaser as the proper holder of the Utility Deposit) and, upon such delivery, and 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 the Security Deposit and Utility Deposit.