Common use of Transfer of Security Deposit Clause in Contracts

Transfer of Security Deposit. In the event of the sale or transfer of Landlord's interest in the Building, Landlord shall transfer the Security Deposit to the purchaser or assignee, in which event Tenant shall look only to the new landlord for the return of the Security Deposit (subject to the provisions of this Lease), and Landlord shall thereupon be released from all liability to Tenant for the return of the Security Deposit.

Transfer of Security Deposit. In the event of the sale or transfer of Landlord's ’s interest in the BuildingPremises, Landlord shall transfer the Security Deposit (or the remaining balance thereof) to the such purchaser or assigneetransferee, in which event Tenant shall look only to the new landlord for the return of the Security Deposit (subject to the provisions of this Lease), and whereupon Landlord shall thereupon be released from all liability to Tenant for the return of the Security Deposit. Tenant shall look only to the party then Landlord for the return of the Security Deposit.

Transfer of Security Deposit. In the event of the sale or transfer of Landlord's interest in the BuildingPremises or the Office Complex, Landlord shall have the right to transfer the Security Deposit to the purchaser or assignee, in which event Tenant shall look only to the purchaser or assignee, as the new landlord landlord, for the return of the Security Deposit (subject to the provisions of this Lease)Deposit, and Landlord hereunder shall thereupon be released and discharged from all liability to Tenant for the return of the Security Deposit.

Transfer of Security Deposit. In Landlord may deliver the event of the sale or transfer funds deposited hereunder by Tenant to a purchaser of Landlord's interest in the BuildingPremises, in the event that such interest be sold; and thereupon Landlord shall transfer the Security Deposit be discharged from any further liability with respect to the purchaser or assignee, in which event Tenant shall look only to the new landlord for the return of the Security Deposit (subject to the provisions of this Lease), and Landlord shall thereupon be released from all liability to Tenant for the return of the such Security Deposit, except as may otherwise be agreed upon in writing by Landlord and Tenant.

Transfer of Security Deposit. In the event of the If any sale or transfer occurs of Landlord's interest in the Building, Landlord shall may transfer the Security Deposit to the such purchaser or assigneetransferee, in which event Tenant shall will look only solely to the new landlord for the return of the Security Deposit (subject to the provisions of this Lease), and Landlord shall will thereupon be released from all liability to Tenant for the return of the Security Deposit. The Security Deposit will not be transferable by Tenant to any assignee or subtenant, but will be held and returned directly to Tenant.

Transfer of Security Deposit. In Landlord may deliver the event of the sale or transfer funds deposited hereunder by Tenant to a purchaser of Landlord's interest in the BuildingPremises, in the event that such interest be sold; and thereupon Landlord shall transfer the be discharged from any further liability with respect to such Security Deposit to the purchaser or assignee, in which event Tenant shall look only to the new landlord for the return of the Security Deposit (subject to the provisions of this Lease), and Landlord shall thereupon be released from all liability to Tenant for the return of the Security DepositAdditional Security.

Transfer of Security Deposit. In Landlord may deliver the event of the sale or transfer funds deposited hereunder by Tenant to a purchaser of Landlord's interest in the BuildingPremises, in the event that such interest be sold; and thereupon Landlord shall transfer the Security Deposit be discharged from any further liability with respect to the purchaser or assignee, in which event Tenant shall look only to the new landlord for the return of the Security Deposit (subject to the provisions of this Lease), and Landlord shall thereupon be released from all liability to Tenant for the return of the such Security Deposit, except as may otherwise be agreed upon in writing.

Transfer of Security Deposit. In the event of the sale or transfer of Landlord's interest in the Building, Landlord shall have the right to transfer the Security Deposit to the purchaser or assignee, in which event Tenant shall look only to the new landlord for the return of the Security Deposit (subject to the provisions of this Lease), and Landlord shall thereupon be released from all liability to Tenant for the return of the Security Deposit.

Transfer of Security Deposit. In the event of the sale or transfer of Landlord's interest in the BuildingPremises or the Office Complex, Landlord shall have the right to transfer the Security Deposit to the purchaser or assignee, in which event Tenant shall look only to the purchaser or assignee, as the new landlord Landlord, for the return of the Security Deposit (subject to Deposit, so long as the provisions of this Lease)transferee assumes, in writing, Landlord's obligations regarding the LC accruing from and after the transfer, and Landlord hereunder shall thereupon be released and discharged from all liability to Tenant for the return of the Security Deposit.