Transfer of Deposit Sample Clauses

Transfer of Deposit. Landlord may transfer the security deposit to any purchaser of Landlord’s interest in the Premises, and thereupon Landlord will be discharged from any further liability with respect to said deposit.

Transfer of Deposit. Landlord shall deliver the funds deposited hereunder by Tenant to the Purchaser of Landlord's interest in the Demised Premises in the event that such interest be sold, 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.

Transfer of Deposit. If the Selling Broker is holding any of the Deposit (including, but not limited to, the ▇▇▇▇▇▇▇ Money), the Selling Broker shall transfer the Deposit to the Closing Agent's account at least ten (10) business days prior to the Closing Date as listed in Section 2.21, regardless of any extensions of the Closing Date. ▇▇▇▇▇ acknowledges and agrees that the Deposit and any other funds related to Closing shall be deposited in a non-interest bearing account.

Transfer of Deposit. In the event of a sale or transfer of the Center or any portion thereof which includes the Premises, or in the event of the making of a lease of the Center or of any portion, or in the event of a sale or transfer of the leasehold estate under any such underlying lease, the grantor, transferor or Landlord, as the case may be, shall thereafter be entirely relieved of all terms, covenants and obligations thereafter to be performed by Landlord under this Lease to the extent of the interest or portion so sold, transferred or leased, and it shall be deemed and construed, without further agreement between the parties and the purchaser, transferee or Tenant, as the case may be, has assumed and agreed to carry out any and all covenants of Landlord hereunder; provided that (i) any amount then due and payable to Tenant or for which Landlord or the then grantor, transferor or Landlord would otherwise then be liable to pay to Tenant (it being understood that the owner of an undivided interest in the fee or any such lease shall be liable only for his or its proportionate share of such amount) shall be paid to Tenant; (ii) the interest of the grantor, transferor or Landlord, as Landlord, in any funds then in the hands of Landlord or then grantor, transferor or Landlord in which Tenant has an interest (including all security deposits), shall be turned over, subject to such interest, to the then grantee, transferee or Tenant; and (iii) notice of such sale, transfer or lease shall be delivered to Tenant. ARTICLE XI

Transfer of Deposit. On an assignment by the Landlord of its reversionary interest the Landlord may transfer the said deposit to the assignee of the Landlord’s reversion (the “Assignee”) subject to the Landlord procuring prior to the transfer a covenant from the Assignee in favour of the Tenant that the Assignee shall hold the said deposit upon and subject to the terms of this Section IX whereupon the Landlord shall thereby be released from any and all further obligations to the Tenant or otherwise in respect of the said deposit.

Transfer of Deposit. In the event that the Premises and/or this Agreement shall be assigned by the Landlord to any person(s), the Landlord shall be entitled as incidental to such assignment to transfer directly the deposit or the balance thereof to the assignee, after making any deduction in manner aforesaid (whether with or without the consent of the Tenant) PROVIDED that the assignee shall undertake with the Tenant to refund such deposit or balance thereof in accordance with the provisions hereof, whereupon the Landlord shall be released from any and all further obligations to the Tenant in respect of the said deposit, and the Tenant shall thereafter have no claim whatsoever against the Landlord in respect thereof. The Tenant shall if required by the Landlord (but not at the cost of the Tenant) enter into, sign, and execute such agreements, deeds or documents in such form and substance to the satisfaction of the Landlord, to release the Landlord from its obligation in respect of the refund of the deposit or balance thereof.

Transfer of Deposit. In the event that the Landlord shall assign its reverionary interest in the Premises, the Tenant shall agree to the Landlord transferring the said deposit to the assignee and shall waive its right to recover the said deposit from the Landlord upon receipt of a written notice from the Landlord that such transfer has been effected.

Transfer of Deposit. Lessor may deliver the funds deposited hereunder by Tenant to the purchaser of Lessor's interest in the leased premises, in the event that such interest be sold, and thereupon Lessor shall be discharged from any further liability with respect to such deposit.

Transfer of Deposit. On an assignment by the Landlord of its reversionary interest the Landlord may transfer the said deposit to the assignee of the Landlord’s reversion (the “Assignee”) subject to the Landlord procuring prior to the transfer a covenant from the Assignee in favour of the Tenant that the Assignee shall hold the said deposit upon and subject to the terms of this Section IX whereupon the Landlord shall thereby be released from any and all further obligations to the Tenant or otherwise in respect of the said deposit. The Landlord reserves the right for itself and/or for the building manager from time to time and by notice in writing to the Tenant to make and introduce and subsequently amend adapt or abolish if necessary such Regulations as it may consider necessary for the better operation and management of the podium of the said building as retail premises and shopping centre and/or for the use of the carpark in the said building and/or its recreational areas and outdoor facilities.