Initial Security Deposit (ISD Sample Clauses

The Initial Security Deposit (ISD) clause establishes the requirement for a tenant to provide a specified sum of money to the landlord at the start of a lease or rental agreement. This deposit is typically held as security against potential damages to the property, unpaid rent, or other breaches of the lease terms. The clause outlines the amount to be paid, the timing of the payment (usually before move-in), and the conditions under which the deposit may be withheld or returned. Its core practical function is to protect the landlord from financial loss due to tenant actions and to incentivize the tenant to comply with the lease terms.
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Initial Security Deposit (ISD shall be 2.5 % of the Contract Value which is required to be deposited within 15 days of the receipt of the letter of acceptance by the successful tenderer. EMD can be adjusted against SD
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Initial Security Deposit (ISD. The ISD amount shall be 2% of the contract value. The successful tenderer will have to submit a sum equivalent to 2% of contract value less EMD (which shall be adjusted as per of SID) by means of Demand Draft / Banker’s Cheque / Personal Cheque of the firm’s SBI account, in favour of State Bank of India Payable at Ahmedabad within a period of 07 days of acceptance of tender.
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Related to Initial Security Deposit (ISD

  • Additional Security Deposit No additional security deposit shall be required in connection with this Amendment.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one)

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.