Initial Security Deposit. If so specified in the Basic Lease Information, Tenant shall deposit with Landlord, in cash, the Security Deposit on or before a date three (3) days after the full execution of this Lease by Landlord and Xxxxxx. At Tenant’s option, the Security Deposit may be in the form of an unconditional, clean, irrevocable, standby letter of credit (“L-C”). The Security Deposit shall be held by Landlord as security for the performance by Tenant of all its obligations under this Lease. If Tenant fails to pay any Rent due hereunder, or otherwise commits a default with respect to any provision of this Lease, Landlord may use, apply or retain all or any portion of the Security Deposit for the payment of any such Rent or for the payment of any other amounts expended or incurred by Landlord by reason of Tenant’s default, or to compensate Landlord for any loss or damage which Landlord may incur thereby (and in this regard Tenant hereby waives the provisions of California Civil Code Section 1950.7(c) and any similar or successor statute providing that Landlord may claim from a security deposit only those sums reasonably necessary to remedy defaults in the payment of Rent, to repair damage caused by Tenant, or to clean the Premises). Exercise by Landlord of its rights hereunder shall not constitute a waiver of, or relieve Tenant from any liability for, any default. If Landlord so uses or applies all or any portion of the Security Deposit, Tenant shall, within ten (10) days after demand by Landlord, deposit cash with Landlord in an amount sufficient to restore the Security Deposit to its then appropriate amount as set forth in this Article 26. If Xxxxxx performs all of Tenant’s obligations hereunder, the Security Deposit, or so much thereof as has not theretofore been applied by Landlord, shall be returned, without interest, to Tenant (or, at Landlord’s option, to the last assignee, if any, of Xxxxxx’s interest under this Lease, or to such person as Landlord and Tenant otherwise agree) within thirty (30) days after the later of (i) the date of expiration or earlier termination of this Lease, or (ii) vacation of the Premises by Tenant if the Premises has been left in the condition specified by this Lease. Xxxxxxxx’s receipt and retention of the Security Deposit shall not create any trust or fiduciary relationship between Landlord and Tenant and Landlord need not keep the Security Deposit separate from its general accounts. Upon termination of the original Landlord’s (or any succe...
Initial Security Deposit. Customers unable to demonstrate satisfactory credit may be required to post a deposit or other collateral to receive Services. Estimated xxxxxxxx for an initial deposit from an applicant may be based upon reasonable estimate of average usage for the applicant’s customer class or may be based on the Customer’s estimation of anticipated usage or the actual historical usage associated with the Customer’s ESI ID. The amount of deposit will not exceed the greater of either the sum of Customer’s estimated xxxxxxxx for the next two (2) billing cycles or one-fifth (1/5th) of Customer’s estimated annual billing. Company will not require an initial or additional deposit from an existing Customer unless that Customer, during the previous twelve (12) billing cycles of service, has received a disconnection notice, or has had service terminated for nonpayment or if estimated bills are more than twice the average of the bills over the last 12 months. If an initial or additional deposit is required, Company will send notice and require the Customer to pay the deposit within ten (10) days after the issuance of written notice, and a disconnection notice may be combined with or issued concurrently with the request for deposit.
Initial Security Deposit. (See Section 3.03) $ 83,000
Initial Security Deposit. (See Section 3.3) Twenty-Two Thousand Seven Hundred Fifty-Six Dollars and Ninety-Four Cents ($22,756.94).
Initial Security Deposit. (See Section 3.03): None.
Initial Security Deposit. The successful tenderer will have to submit a sum equivalent to 2% of accepted tender value less EMD by means of DD drawn in favour of SBIIMS Pvt. Ltd. within a period of 15 days of acceptance of tender.
Initial Security Deposit. (See Section 3.03): None
Initial Security Deposit. Lessee shall deposit with Lessor throughout the Lease Term a cash deposit or a letter of credit that satisfies the requirements set forth in Section 5.3 below (“Letter of Credit”) as security for the full performance by Lessee of its obligations hereunder (“Security Deposit”). If Lessee defaults under any provision hereof, Lessor shall be entitled, at its option, to immediately apply the cash deposit or draw on the Letter of Credit then on deposit with Lessor (unless already drawn upon and converted to cash as provided in Section 5.3) and apply and retain all or any part of the Security Deposit for the payment of any Rent or other sum in default or any other amount due Lessor under this Lease because of Lessee’s default and the balance of such Security Deposit shall continue to be maintained by Lessor as the Security Deposit. If any portion of the Security Deposit is so used or applied, Lessee shall, within fifteen (15) days after written demand, deposit cash (or a Letter of Credit in lieu thereof) with Lessor in an amount sufficient to satisfy the required amount for the Security Deposit, and Lessee’s failure to do so shall be a material breach of this Lease. Lessor shall not be required to keep any cash comprising the Security Deposit separate from its general funds, and Lessee shall not be entitled to interest on the Security Deposit. If Lessee fully performs every provision of this Lease to be performed by it, the Security Deposit, or any balance thereof, shall be returned to Lessee within 15 business days after the expiration of the Lease Term or any period of holding over with the written consent of Lessor. Lessor’s rights with respect to the Security Deposit shall be in addition to and shall not preclude concurrent, alternative or successive exercise of any other rights or remedies available to Lessor.
Initial Security Deposit. (See Section 3.03 and Paragraph 13.03(C)) $14,000.00
Initial Security Deposit. 8.1 The Security Deposit together with EMD/Initial Security Deposit shall be 10% of the contract value.
