Common use of Transfer of Security Deposit Clause in Contracts

Transfer of Security Deposit. Landlord shall deliver the Security Deposit to the purchaser of Landlord’s interest in the Premises, in the event that such interest is sold, and upon delivery, Landlord shall be discharged from any further liability respect to repayment of the Security Deposit to Tenant.

Transfer of Security Deposit. Landlord shall deliver In the Security Deposit to event of the purchaser sale or transfer of Landlord’s 's interest in the Premises, in Landlord shall transfer the event that Security Deposit (or the remaining balance thereof) to such interest is soldpurchaser or transferee, and upon delivery, whereupon Landlord shall be discharged released from any further all liability respect to repayment Tenant for the return of the Security Deposit Deposit. Tenant shall look only to Tenantthe party then landlord for the return of the Security Deposit.

Transfer of Security Deposit. In the event of sale, assignment or transfer of the Leased Premises by Landlord to a third party, Landlord shall deliver be entitled to transfer the Security Deposit to its successor, who shall thereafter be solely and exclusively liable for the purchaser return of Landlord’s interest in the Premises, in the event that such interest is soldSecurity Deposit, and upon delivery, Landlord shall be discharged released upon said transfer from any further claim or liability respect to repayment of towards Tenant regarding the Security Deposit to Tenantor its return upon termination of this Lease Agreement.