Common use of Alternate Security Clause in Contracts

Alternate Security. As security For Subtenant’s Base Sublease Rent, Operating Expense Contribution, Utilities and the Single Tenant Expense obligations under the Sublease and the S&N Sublease, it is understood and agreed that Subtenant shall initially grant Sublandlord a security interest in certain property described in a Security Agreement between the parties dated on or around the date hereof.

Alternate Security. As security For for Subtenant’s Base Sublease Rent, Operating Expense Contribution, Utilities and the Single Tenant Expense obligations under the Sublease and the S&N SNWM Sublease, it is understood and agreed that Subtenant shall initially grant Sublandlord a security interest in certain property described in a Security Agreement between the parties dated on or around the date hereof.