Common use of Amount of Deposit Clause in Contracts

Amount of Deposit. Commencing on the fifteenth (15th) day of the month during which the fifth (5th) anniversary of the Completion of Construction occurs, and continuing on or before the fifteenth (15th) day of each month thereafter until five (5) years prior to the expiration of the Term, Tenant shall make a monthly deposit to the Capital Improvement Fund in an amount equal to three percent (3%) of the monthly installment of Annual Base Rent for the previous month. All interest and earnings on the Capital Improvement Fund shall be added to the Capital Improvement Fund, and shall be treated as a credit against the Capital Improvement Fund deposits required to be made by Tenant pursuant to this Section 6.8.3.

Amount of Deposit. Commencing on the fifteenth (15th) day of the month during which the fifth (5th) anniversary of the Completion of Construction occurs, and continuing on or before the fifteenth (15th) day of each month thereafter until five (5) years prior to the expiration of the Term, Tenant shall make a monthly deposit to the Capital Improvement Fund in an amount equal to three percent (3( %) of the monthly installment of Annual Base Rent for the previous month. All interest and earnings on the Capital Improvement Fund shall be added to the Capital Improvement Fund, and shall be treated as a credit against the Capital Improvement Fund deposits required to be made by Tenant pursuant to this Section 6.8.3.