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 shall transfer the Security Deposit to its transferee. Upon 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

Sources: Lease (Ydi Wireless Inc)

Transfer of Security Deposit. If Landlord transfers its interest ---------------------------- in the Project or this Lease, Landlord shall may transfer the Security Deposit to its transferee. Upon such transferIf Landlord so transfers the Security Deposit, 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

Sources: Lease (PortalPlayer, Inc.)

Transfer of Security Deposit. If Landlord transfers its interest ---------------------------- in the Project or this Lease, Landlord shall transfer the Security Deposit to its transferee. Upon 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

Sources: Lease Termination Agreement (Proxim Corp)

Transfer of Security Deposit. If Landlord transfers its interest ---------------------------- in the Project or this Lease, Landlord shall may transfer the Security Deposit to its transferee. Upon such transferIf Landlord so transfers the Security Deposit, 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, provided that Landlord gives Tenant written notice of such transfer.

Appears in 1 contract

Sources: Lease (Nextg Networks Inc)