Common use of Transfer of Security Deposit Clause in Contracts

Transfer of Security Deposit. If Landlord transfers its interest in the Project or this Lease, Landlord may transfer the Security Deposit to its transferee. If Landlord so transfers the Security Deposit, Landlord shall have no further obligation to return the Security Deposit to Tenant, and Tenant’s right to the return of the Security Deposit shall apply solely against Landlord’s transferee.

Appears in 1 contract

Samples: Tenant Improvement Agreement (PortalPlayer, Inc.)

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Transfer of Security Deposit. If Landlord transfers its interest in the Project or this Lease, Landlord may transfer the Security Deposit to its transferee. If Landlord so transfers the Security Deposit, Landlord shall have no further obligation to return the Security Deposit to Tenant, and Tenant’s right to the return of the Security Deposit shall apply solely against Landlord’s transferee, provided that Landlord gives Tenant written notice of such transfer.

Appears in 1 contract

Samples: Lease (Nextg Networks Inc)

Transfer of Security Deposit. If Landlord transfers its In the event of any transfer of title to the Property or the Building or any assignment of Landlord's interest in the Project or under this Lease, Landlord may will have the right to transfer the Security Deposit to its such transferee, provided that Landlord gives Tenant the name and address of such transferee. If Landlord so transfers Following any such transfer of the Security Deposit, Landlord shall have no further obligation to return the Security Deposit to Tenant, and Tenant’s right to will be automatically released from all liability for the return of the Security Deposit. The provisions of this Section 30.4 will apply to every transfer of the Security Deposit shall apply solely against Landlord’s to a new transferee.

Appears in 1 contract

Samples: Lease Agreement (Beam Global)

Transfer of Security Deposit. If Landlord transfers its interest ---------------------------- in the Project or this Lease, Landlord may shall transfer the Security Deposit to its transferee. If Landlord so transfers the Security DepositUpon such transfer, Landlord shall have no further obligation to return the Security Deposit to Tenant, and Tenant’s 's right to the return of the Security Deposit shall apply solely against Landlord’s 's transferee.

Appears in 1 contract

Samples: Confirmation Agreement (Ydi Wireless Inc)

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Transfer of Security Deposit. If Landlord transfers its interest in the Project or this Lease, Landlord may shall transfer the Security Deposit to its transferee. If Landlord so transfers the Security DepositUpon such transfer, Landlord shall have no further obligation to return the Security Deposit to Tenant, and Tenant’s right to the return of the Security Deposit shall apply solely against Landlord’s transferee.

Appears in 1 contract

Samples: Lease Termination Agreement (Proxim Corp)

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