Common use of Transfer of Security Deposit Clause in Contracts

Transfer of Security Deposit. If Lessor transfers its interest under this Lease, Lessor shall assign the Security Deposit to the new lessor and thereafter Lessor shall have no further liability for the return of the Security Deposit, and Lxxxxx agrees to look solely to the new lessor for the return of the Security Deposit. The provisions of the preceding sentence shall apply to every transfer or assignment of Lessor’s interest under this Lease. Lxxxxx agrees that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that Lxxxxx, its successors and assigns may return the Security Deposit to the last Lessee in possession at the last address for which Notice has given by such Lxxxxx and that Lessor thereafter shall be relieved of any liability therefor, regardless of one or more assignments of this Lease or any such actual or attempted assignment or encumbrances of the Security Deposit.

Appears in 2 contracts

Samples: Operations Transfer Agreement (Omega Healthcare Investors Inc), Master Lease (Omega Healthcare Investors Inc)

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Transfer of Security Deposit. If Lessor transfers its interest under this Lease, Lessor shall assign the Security Deposit to the new lessor and thereafter Lessor shall have no further liability for the return of the Security Deposit, and Lxxxxx Xxxxxx agrees to look solely to the new lessor for the return of the Security Deposit. The provisions of the preceding sentence shall apply to every transfer or assignment of Lessor’s Xxxxxx's interest under this Lease. Lxxxxx Xxxxxx agrees that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that LxxxxxXxxxxx, its successors and assigns assigns, may return the Security Deposit to the last Lessee in possession at the last address for which Notice has given by such Lxxxxx Xxxxxx and that Lessor shall thereafter shall be relieved of any liability therefor, regardless of one or more assignments of this Lease or any such actual or attempted assignment or encumbrances of the Security Deposit.

Appears in 2 contracts

Samples: Master Lease (Omega Healthcare Investors Inc), Master Lease (Omega Healthcare Investors Inc)

Transfer of Security Deposit. If Lessor transfers its interest under this Lease, Lessor shall assign the Security Deposit to the new lessor and thereafter Lessor shall have no further liability for the return of the Security Deposit, and Lxxxxx Lessee agrees to look solely to the new lessor for the return of the Security Deposit. The provisions of the preceding sentence shall apply to every transfer or of assignment of Lessor’s interest under this Lease. Lxxxxx Lessee agrees that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that LxxxxxLessor, its successors and assigns assigns, may return the Security Deposit to the last least Lessee in possession at the last address for which Notice has given by such Lxxxxx Lessee and that Lessor shall thereafter shall be relieved of any liability therefor, regardless of one or more assignments of this Lease or any such actual or attempted assignment or encumbrances of the Security Deposit.. Signature Pages SECOND AMENDED AND RESTATED MASTER LEASE

Appears in 2 contracts

Samples: Master Lease Agreement (Sun Healthcare Group Inc), Master Lease Agreement (Omega Healthcare Investors Inc)

Transfer of Security Deposit. If Lessor transfers its interest under this Lease, Lessor shall assign the Security Deposit to the new lessor and thereafter Lessor shall have no further liability for the return of the Security Deposit, and Lxxxxx Xxxxxx agrees to look solely to the new lessor for the return of the Security Deposit. The provisions of the preceding sentence shall apply to every transfer or assignment of Lessor’s interest under this Lease. Lxxxxx Xxxxxx agrees that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that LxxxxxXxxxxx, its successors and assigns may return the Security Deposit to the last Lessee in possession at the last address for which Notice has given by such Lxxxxx Xxxxxx and that Lessor thereafter shall be relieved of any liability therefor, regardless of one or more assignments of this Lease or any such actual or attempted assignment or encumbrances of the Security Deposit.

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

Transfer of Security Deposit. If Lessor transfers its interest under this Lease, Lessor shall assign the Security Deposit to the new lessor and thereafter Lessor shall have no further liability for the return of the Security Deposit, and Lxxxxx Lessee agrees to look solely to the new lessor for the return of the Security Deposit. The provisions of the preceding sentence shall apply to every transfer or assignment of Lessor’s interest under this Lease. Lxxxxx Lessee agrees that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that LxxxxxLessor, its successors and assigns may return the Security Deposit to the last Lessee in possession at the last address for which Notice has given by such Lxxxxx Lessee and that Lessor thereafter shall be relieved of any liability therefor, regardless of one or more assignments of this Lease or any such actual or attempted assignment or encumbrances of the Security Deposit.

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

Transfer of Security Deposit. If Lessor transfers its interest under this Lease, Lessor shall assign the Security Deposit to the new lessor and thereafter Lessor shall have no further liability for the return of the Security Deposit, and Lxxxxx Lessee agrees to look solely to the new lessor for the return of the Security Deposit. The provisions of the preceding sentence shall apply to every transfer or assignment of Lessor’s 's interest under this Lease. Lxxxxx Lessee agrees that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that LxxxxxLessor, its successors and assigns assigns, may return the Security Deposit to the last Lessee in possession at the last address for which Notice has given by such Lxxxxx Lessee and that Lessor shall thereafter shall be relieved of any liability therefor, regardless of one or more assignments of this Lease or any such actual or attempted assignment or encumbrances of the Security Deposit. SIGNATURES ON FOLLOWING PAGE.

Appears in 1 contract

Samples: Kansas Master Lease (Alterra Healthcare Corp)

Transfer of Security Deposit. If Lessor transfers its interest under ------------------------------ this Lease, Lessor shall assign the Security Deposit to the new lessor and thereafter Lessor shall have no further liability for the return of the Security Deposit, and Lxxxxx Lessee agrees to look solely to the new lessor for the return of the Security Deposit. The provisions of the preceding sentence shall apply to every transfer or assignment of Lessor’s 's interest under this Lease. Lxxxxx Lessee agrees that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that LxxxxxLessor, its successors and assigns may return the Security Deposit to the last Lessee in possession at the last address for which Notice has given by such Lxxxxx Lessee and that Lessor thereafter shall be relieved of any liability therefor, regardless of one or more assignments of this Lease or any such actual or attempted assignment or encumbrances of the Security Deposit.. 39.4

Appears in 1 contract

Samples: Operations Transfer Agreement (Emeritus Corp\wa\)

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Transfer of Security Deposit. If Lessor transfers its interest under this Lease, Lessor shall assign the Security Deposit to the new lessor and thereafter Lessor shall have no further liability for the return of the Security Deposit, and Lxxxxx Lessee agrees to look solely to the new lessor for the return of the Security Deposit. The provisions of the preceding sentence shall apply to every transfer or of assignment of Lessor’s interest under this Lease. Lxxxxx Lessee agrees that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that LxxxxxLessor, its successors and assigns assigns, may return the Security Deposit to the last least Lessee in possession at the last address for which Notice has given by such Lxxxxx Lessee and that Lessor shall thereafter shall be relieved of any liability therefor, regardless of one or more assignments of this Lease or any such actual or attempted assignment or encumbrances of the Security Deposit.. THIRD AMENDED AND RESTATED MASTER LEASE

Appears in 1 contract

Samples: Master Lease Agreement (Omega Healthcare Investors Inc)

Transfer of Security Deposit. If Lessor transfers its interest under this Lease, Lessor shall assign the Security Deposit to the new lessor and thereafter Lessor shall have no further liability for the return of the Security Deposit, and Lxxxxx Lessee agrees to look solely to the new lessor for the return of the Security Deposit. The provisions of the preceding sentence shall apply to every transfer or of assignment of Lessor’s 's interest under this Lease. Lxxxxx Lessee agrees that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that LxxxxxLessor, its successors and assigns assigns, may return the Security Deposit to the last least Lessee in possession at the last address for which Notice has given by such Lxxxxx Lessee and that Lessor shall thereafter shall be relieved of any liability therefor, regardless of one or more assignments of this Lease or any such actual or attempted assignment or encumbrances of the Security Deposit.

Appears in 1 contract

Samples: Master Lease Agreement (Sun Healthcare Group Inc)

Transfer of Security Deposit. If Lessor transfers its interest under this Lease, Lessor shall assign the Security Deposit to the new lessor and thereafter Lessor shall have no further liability for the return of the Security Deposit, and Lxxxxx Lessee agrees to look solely to the new lessor for the return of the Security Deposit. The provisions of the preceding sentence shall apply to every transfer or assignment of Lessor’s 's interest under this Lease. Lxxxxx Lessee agrees that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that LxxxxxLessor, its successors and assigns assigns, may return the Security Deposit to the last Lessee in possession at the last address for which Notice has given by such Lxxxxx Lessee and that Lessor shall thereafter shall be relieved of any liability therefor, regardless of one or more assignments of this Lease or any such actual or attempted assignment or encumbrances of the Security Deposit.

Appears in 1 contract

Samples: Master Lease (Advocat Inc)

Transfer of Security Deposit. If Lessor transfers its interest under this Lease, Lessor shall assign the Security Deposit to the new lessor and thereafter Lessor shall have no further liability for the return of the Security Deposit, and Lxxxxx Lessee agrees to look solely to the new lessor for the return of the Security Deposit. The provisions of the preceding sentence shall apply to every transfer or assignment of Lessor’s interest under this Lease. Lxxxxx Lessee agrees that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that LxxxxxLessor, its successors and assigns assigns, may return the Security Deposit to the last Lessee in possession at the last address for which Notice has given by such Lxxxxx Lessee and that Lessor shall thereafter shall be relieved of any liability therefor, regardless of one or more assignments of this Lease or any such actual or attempted assignment or encumbrances of the Security Deposit.. 70

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

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