Common use of Transfer of Security Deposit Clause in Contracts

Transfer of Security Deposit. Tenant hereby agrees not to look to any mortgagee as mortgagee, mortgagee in possession, or successor in title to the Building for accountability for any security deposit required by Landlord hereunder, unless said sums have actually been received by said mortgagee as security for Tenant’s performance of this Lease. Landlord may deliver the funds deposited hereunder by Tenant to the purchaser of Landlord’s interest in the Building, in the event that such interest is sold, and thereupon Landlord, and its beneficiaries, if any, shall be discharged from any further liability with respect to such security deposit.

Transfer of Security Deposit. Tenant hereby agrees not to look to any mortgagee as mortgagee, mortgagee in possession, or successor in title to the Building for accountability for any security deposit required by Landlord hereunder, unless said sums have actually been received by said mortgagee as security for Tenant’s 's performance of this Lease. Landlord may deliver the funds deposited hereunder by Tenant to the purchaser of Landlord’s 's interest in the Building, in the event that such interest is sold, and thereupon Landlord, Landlord (and its beneficiariesbeneficiary, if any, ) shall be discharged from any further liability with respect to such said security deposit.

Transfer of Security Deposit. Tenant hereby xxxxxx agrees not to look to any mortgagee as mortgagee, mortgagee in possession, mortgagee-in-possession or successor in title to the Building Premises for accountability for any security deposit Security Deposit required by Landlord hereunder, unless said sums have actually been received by said mortgagee as security for TenantXxxxxx’s performance of this Lease. Landlord may deliver the funds deposited hereunder by Tenant Xxxxxx to the purchaser of Landlord’s interest in the Building, Premises in the event that such interest is sold, and thereupon Landlordand, and its beneficiariesthereupon, if any, Landlord shall be discharged from any further liability with respect to such security depositthe Security Deposit.

Transfer of Security Deposit. Tenant hereby agrees not to look to any mortgagee as mortgagee, mortgagee in possession, or successor in title to the Building for accountability for any security deposit required by Landlord hereunder, unless said sums have actually been received by said mortgagee as security for Tenant’s 's performance of this Lease. Landlord may deliver the funds deposited hereunder by Tenant to the purchaser of Landlord’s 's interest in the Building, in the event that such interest is sold, and thereupon Landlord, and its beneficiaries, if any, shall be discharged from any further liability with respect to such security deposit.

Transfer of Security Deposit. Tenant hereby agrees not to look to any mortgagee as mortgagee, mortgagee in possession, or successor in title to the Building for accountability for any security deposit required by Landlord hereunder, unless said sums have actually been received by said mortgagee as security for Tenant’s 's performance of this Lease. Landlord may deliver the funds deposited hereunder by Tenant to the purchaser of Landlord’s 's interest in the Building, in the event that such interest is sold, and thereupon Landlord, Landlord and its beneficiaries, if any, managing agent shall be discharged from any further liability with respect to such security deposit.