Common use of Deposits and Advances Clause in Contracts

Deposits and Advances. Any funds paid by Lessee to Lessor as a deposit or advance pursuant to the terms of this Lease, or any exhibit, addendum or modification hereto, may be commingled with other funds of Lessor and need not be placed in trust, deposited in escrow or otherwise held in a segregated account. In addition, if any sum or sums of money shall become payable by Lessee to Lessor pursuant to the terms of this Lease, or any exhibit, addendum or modification hereto, or by any law, ordinance or regulation affecting this Lease, Lessor shall have the right to apply any deposits or advances theretofore made by Lessee against such sums due by Lessee to Lessor.

Appears in 4 contracts

Samples: Lease Agreement (Summit Financial Services Group Inc), Lease Agreement (Summit Financial Services Group Inc), Lease Agreement (Summit Financial Services Group Inc)

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Deposits and Advances. Any funds paid by Lessee to Lessor as a deposit or advance pursuant to the terms of this Lease, or any exhibit, addendum addendum, or modification heretothereto, may be commingled with other funds of Lessor and need not be placed in trust, deposited in escrow escrow, or otherwise held in a segregated account. In addition, if any sum or sums of money shall become payable by Lessee to Lessor pursuant to the terms of this Lease, or any exhibit, addendum addendum, or modification hereto, or by any law, ordinance ordinance, or regulation affecting this Lease, Lessor shall have the right to apply any such deposits or advances theretofore made by Lessee against such sums due by Lessee to Lessor.

Appears in 1 contract

Samples: Lease Agreement (Access Power Inc)

Deposits and Advances. Any funds paid transferred by Lessee to Lessor as a deposit or advance pursuant to the terms of this LeaseLease Agreement, or any exhibit, addendum or modification hereto, may be commingled with other funds finds of Lessor and need not be placed in trust, deposited in escrow or otherwise held in a segregated account, or in any interest bearing account. In addition, if any sum or sums of money shall become payable by Lessee to Lessor pursuant to the terms of this Leaseagreement, or any exhibit, addendum or modification hereto, or by any law, ordinance or regulation affecting this LeaseAgreement, Lessor shall have the right to apply any deposits or advances theretofore made by Lessee against such sums due by Lessee to Lessor.

Appears in 1 contract

Samples: Lease Agreement (Sinofresh Healthcare Inc)

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Deposits and Advances. Any funds paid by Lessee to Lessor as a deposit or advance pursuant to the terms of this Lease, or any exhibit, addendum or modification hereto, may be commingled comingled with other funds of the Lessor and need not be placed in trust, deposited in escrow or otherwise held in a segregated account, and no interest shall accrue or be due thereon to Lessee. In addition, if any sum or sums of money shall become payable by Lessee to Lessor pursuant to the terms of this Lease, or any exhibit, addendum or modification hereto, or by any law, ordinance or regulation affecting this Lease, Lessor shall have the right to apply any deposits or and advances theretofore made by Lessee against such sums due by Lessee to Lessor.

Appears in 1 contract

Samples: Lease Agreement (Hydron Technologies Inc)

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