Common use of Amount of Deposit Clause in Contracts

Amount of Deposit. The Tenant, contemporaneously with the execution of this Lease, shall deposit with the Landlord a security deposit in the sum specified in Section 1.8 hereof. Such deposit shall be held by the Landlord, without liability for interest, as security for the faithful performance by the Tenant of all of the terms, covenants, and conditions of this Lease on the part of the Tenant to be observed or performed during the term hereof. If at any time during the term of this Lease any of the rent herein provided shall be overdue and unpaid, or any other sum to be paid hereunder by the Tenant to the Landlord shall be overdue and unpaid, then the Landlord shall at its option have the right, but not the obligation, to appropriate and apply any portion of said deposit to the payment of any such overdue rent or other sum. If the entire deposit, or any portion thereof, should be appropriated and applied by the Landlord for the payment of overdue rent or other sums to be paid hereunder by the Tenant to the Landlord, then the Tenant shall immediately upon demand remit to the Landlord a sufficient amount in cash to restore said security deposit to the sum specified in Section 1.8 hereof, and the Tenant's failure to do so within ten (10) days after receipt of such demand shall constitute a default under this Lease. If the Tenant complies with all of said terms, covenants, and conditions and promptly pays all of the rent herein provided for and all other sums to be paid by the Tenant to the Landlord hereunder, then the said security deposit shall be returned in full to the Tenant within thirty (30) days after the termination of this Lease. The Landlord's obligations with respect to the security deposit are those of a debtor, and not of a trustee.

Amount of Deposit. The TenantTenant herewith has deposited with Landlord $2,000.00, contemporaneously with the execution of this Lease, shall deposit with the Landlord a security deposit in the sum specified in Section 1.8 hereof. Such deposit which shall be held by the Landlord and, at Landlord's option, commingled with other funds, without liability for interest, as security for the faithful performance by the Tenant of all of the terms, covenants, covenants and conditions of this Lease on the part of the Tenant to be observed or performed during the term hereofLease. If at any time during the term of this Lease any of the rent herein provided shall be overdue and unpaidTenant commits a default hereunder, or any other sum to be paid hereunder by the Tenant to the Landlord shall be overdue and unpaid, then the Landlord shall at its option have the right, but not the obligation, to appropriate and may apply any portion of said deposit to the payment of any such overdue rent or other sum. If the entire deposit, or any portion part thereof, should be appropriated and applied by the to compensate Landlord for the payment of overdue rent loss, cost, damage or other sums expense sustained due to be paid hereunder by the Tenant to the such default. Upon Landlord's request, then the Tenant shall immediately upon demand forthwith remit to the Landlord a cash sufficient amount in cash to restore said security deposit sum to the original sum specified in Section 1.8 hereof, and the deposited; Tenant's failure to do so within ten (10) five days after receipt of such a demand therefor shall constitute be a default under this Lease. If at the Tenant complies with all of said terms, covenants, and conditions and promptly pays all end of the rent herein provided for and all other sums to be paid by THIRTY SIXTH (36TH) MONTH OF THE Lease Term Tenant HAS NOT PAID ANY PAYMENT OF MINIMUM RENT, ADDITIONAL RENT OR ANY OTHER AMOUNTS DUE HEREUNDER PAST ITS DUE DATE, THEN [CONFIDENTIAL], the Tenant to the Landlord hereunder, then the said balance of such security deposit shall be returned in full to Tenant. Landlord may deliver the Tenant within thirty (30) days after the termination funds deposited hereunder to any purchaser of this Lease. The or successor to Landlord's obligations interest in this lease or the Premises, and thereupon Landlord shall be discharged from all liability with respect to the security deposit are those of a debtor, and not of a trusteesuch deposit.

Amount of Deposit. The Tenant, contemporaneously with the execution of this Lease, Tenant shall deposit with Landlord upon Xxxxxx’s execution of the Landlord a security deposit Lease, the Security Deposit set forth in the sum specified in Section 1.8 hereof. Such deposit Article I, which shall be held by the Landlord and, at Landlord’s option, commingled with other funds, without liability for interest, as security for the faithful performance by the Tenant of all of the terms, covenants, covenants and conditions of this Lease on Lease, provided, however, if the part Security Deposit is commingled with other funds, such Security Deposit shall accrue interest at the rate of one percent (1%) per annum, payable upon Xxxxxxxx’s return of the Tenant to be observed or performed during the term hereofSecurity Deposit as set forth below. If at any time during the term of this Lease any of the rent herein provided shall be overdue and unpaidTenant commits a default hereunder, or any other sum to be paid hereunder by the Tenant to the Landlord shall be overdue and unpaid, then the Landlord shall at its option have the right, but not the obligation, to appropriate and may apply any portion of said deposit to the payment of any such overdue rent or other sum. If the entire deposit, or any portion part thereof, should be appropriated and applied by the to compensate Landlord for the payment of overdue rent loss, cost, damage or other sums expense sustained due to be paid hereunder by the Tenant to the Landlordsuch default. Upon Xxxxxxxx’s request, then the Tenant shall immediately upon demand forthwith remit to the Landlord a cash sufficient amount in cash to restore said security deposit sum to the original sum specified in Section 1.8 hereof, and the Tenant's deposited; Xxxxxx’s failure to do so within ten five (105) days after receipt of such a demand therefor shall constitute be a default under this Lease. If at the Tenant complies with all of said terms, covenants, and conditions and promptly pays all end of the rent herein provided for and all other sums to be paid by the Lease Term Tenant to the Landlord is not in default hereunder, then the said balance of such security deposit shall be returned to Tenant. Landlord may deliver the funds deposited hereunder to any purchaser of or successor to Xxxxxxxx’s interest in full this Lease or the Premises, and thereupon Landlord shall be discharged from all liability with respect to such deposit. The parties acknowledge that as of the Tenant within thirty (30) days after the termination date of this Lease, the Tenant has heretofore deposited the sum of $1,000.00 with Landlord as security pursuant to the terms, conditions and provisions of a previous lease by and between Landlord and Tenant. The Landlord's obligations with respect Such security deposit shall be transferred to this Lease in satisfaction of Tenant’s security deposit requirement under Section 1.1 above and this Section 15.1 and shall be held by Landlord pursuant to this Article XV. Tenant hereby acknowledges and agrees to the transfer of said security deposit as xxxxxxxxxxx provided and further waives any right to a return of the security deposit are those pursuant to the terms, conditions and provisions of a debtor, and not of a trusteethe previous lease.

Amount of Deposit. The Tenant, contemporaneously with the execution of this Lease, Tenant shall deposit with Landlord upon Xxxxxx’s execution of the Landlord a security deposit Lease, the Security Deposit set forth in the sum specified in Section 1.8 hereof. Such deposit Article I, which shall be held by the Landlord and, at Landlord’s option, commingled with other funds, without liability for interest, as security for the faithful performance by the Tenant of all of the terms, covenants, covenants and conditions of this Lease on the part of the Tenant to be observed or performed during the term hereofLease. If at any time during the term of this Lease any of the rent herein provided shall be overdue and unpaidTenant commits a default hereunder, or any other sum to be paid hereunder by the Tenant to the Landlord shall be overdue and unpaid, then the Landlord shall at its option have the right, but not the obligation, to appropriate and may apply any portion of said deposit to the payment of any such overdue rent or other sum. If the entire deposit, or any portion part thereof, should be appropriated and applied by the to compensate Landlord for the payment of overdue rent loss, cost, damage or other sums expense sustained due to be paid hereunder by the Tenant to the Landlordsuch default. Upon Xxxxxxxx’s request, then the Tenant shall immediately upon demand forthwith remit to the Landlord a cash sufficient amount in cash to restore said security deposit sum to the original sum specified in Section 1.8 hereof, and the Tenant's deposited; Xxxxxx’s failure to do so within ten five (105) days after receipt of such a demand therefor shall constitute be a default under this Lease. If at the Tenant complies with all of said terms, covenants, and conditions and promptly pays all end of the rent herein provided for and all other sums to be paid by the Lease Term Tenant to the Landlord is not in default hereunder, then the said balance of such security deposit shall be returned to Tenant. Landlord may deliver the funds deposited hereunder to any purchaser of or successor to Xxxxxxxx’s interest in full this Lease or the Premises, and thereupon Landlord shall be discharged from all liability with respect to such deposit The parties acknowledge that as of the Tenant within thirty (30) days after the termination date of this Lease, Tenant has heretofore deposited the sum of $1,000.00 with Landlord as security pursuant to the terms, conditions and provisions of that certain Prior Lease as defined in Section 24.25 for the Premises. The Landlord's obligations with respect Such security deposit shall be transferred to this Lease in satisfaction of Tenant’s security deposit requirement under Section 1.1 above and this Section 15.1 and shall be held by Landlord pursuant to this Article XIV. Tenant hereby acknowledges and agrees to the transfer of said security deposit as xxxxxxxxxxx provided and further waives any right to a return of the security deposit are those of a debtor, and not of a trustee.pursuant to the Prior Lease

Amount of Deposit. The Tenant, contemporaneously with the execution of this Lease, shall deposit with the Landlord a security deposit in the sum specified in Section 1.8 hereofof Five Thousand Three Hundred Twelve and 50/100 Dollars ($5,312,50). Such deposit shall be held by the Landlord, without liability for interest, as security for the faithful performance by the Tenant of all of the terms, covenants, and conditions of this Lease on the part of the Tenant to be observed or performed during the term hereof. If at any time during the term of this Lease any of the rent herein provided shall be overdue and unpaid, or any other sum to be paid hereunder by the Tenant to the Landlord reserved shall be overdue and unpaid, then the Landlord shall at its option have the right, but not the obligation, to appropriate and apply any portion of said deposit to the payment of any such overdue rent or other sum. If the entire deposit, or any portion thereof, should be appropriated and applied by the Landlord for the payment of overdue rent or other sums to be paid hereunder by the Tenant to the Landlord, then the Tenant shall immediately upon demand remit to the Landlord a sufficient amount in cash to restore said security deposit to the sum specified above in Section 1.8 hereofthis Section, and the Tenant's failure to do so within ten (10) days after receipt of such demand shall constitute a default under this Lease. If the Tenant complies with all of said terms, covenants, and conditions and promptly pays all of the rent herein provided for and all other sums to be paid by the Tenant to the Landlord hereunder, then the said security deposit shall be returned in full to the Tenant within thirty (30) days after upon the termination of this Lease. The Landlord's obligations with respect to the security deposit are those of a debtor, and not of a trustee.