Lease Deposit. Upon the execution hereof, Lessor shall loan Lessee an amount equal to twenty-five percent (25%) of the first full year's Base Rent (the "Lease Deposit"). The Lease Deposit shall be held by Lessor as security for the performance by Lessee of Lessee's covenants and obligations under the Lease. The Lease Deposit shall not be considered an advance payment of rental or a measure of Lessor's damages in case of default by Lessee. Lessor may, from time to time, without prejudice to any other remedy, use the proceeds thereof to make good any arrearages of Rent, to satisfy any other covenant or obligation of Lessee hereunder or to compensate Lessor for any other loss or damage which Lessor may suffer by reason of any default by Lessee. Following any such use of the Lease Deposit by the Lessor, Lessee shall deliver to Lessor on demand an amount sufficient to restore the aggregate amount held by Lessor, not including any interest earned on the Lease Deposit, to the amount of the original Lease Deposit. If Lessee is not in default at the termination of the Lease, and has complied with all of the provisions of this Lease to be performed by Lessee, including surrender of the Leased Property in accordance with the provisions hereof and has repaid the loan of the Lease Deposit, the Lease Deposit, not including any interest earned on such Lease Deposit, shall be returned by Lessor to Lessee, subject to any draws which have previously been made by Lessor against the Lease Deposit and not replenished by the Lessee. Lessee will not assign or encumber Lessee's interest in the Lease Deposit, and neither Lessor nor Lessor's successors or assigns will be bound by any such attempted assignment or encumbrance of the Lease Deposit. Any interest earned on the Lease Deposit will be for the sole benefit of the Lessor and shall not in any way reduce any amounts owed by Lessee under the terms hereof.
Lease Deposit. The Lease Deposit referenced above may be returned to Lessee at the end of the Term of this Lease so long as no Event of Default has occurred under the terms of the Lease. ln the case of an Event of Default under the Lease, the Lease Deposit may be applied by Lessor to satisfy any outstanding monetary obligation of Lessee to Lessor under this Lease or under any other agreement between Lessor and Lessee. The Lease Deposit shall be held by Lessor and shall not accrue interest.
Lease Deposit. 4.1 To ensure the operating profit of the Lease Project and Party B to fulfill its obligations under this Agreement, both Parties agree that Party B shall pay Party A certain amount of security deposit. The security deposit will guarantee Party B operates the project honestly, manage the power generation assets diligently and carefully and bear the operating risk during the operation period.
Lease Deposit. Prepaid Rent equal to Sixty-Three Thousand Seven Hundred Thirty-Two and 15/100 Dollars ($63,732.15) and Security Deposit equal to Seventy-One Thousand Two Hundred Fifty Dollars ($71,250.00), totaling One Hundred Thirty-Four Thousand Nine Hundred Eighty-Two and 15/100 Dollars ($134,982.20)
Lease Deposit. Tenant shall deposit with Landlord on the date ------------- Tenant executes and delivers this Lease to Landlord the cash sums set forth in the Schedule for both Prepaid Rent and Security Deposit, including any Letter of Credit (collectively, the "Lease Deposit"). Notwithstanding the foregoing, ------------- Landlord agrees that a portion of the Security Deposit not to exceed $422,393.00 may be in the form of a "Letter of Credit", provided that the Letter of Credit ---------------- shall (i) be in the form of an unconditional and irrevocable letter of credit which is acceptable to Landlord, (ii) name Landlord as beneficiary, (iii) expressly allow Landlord to draw upon it at any time from time to time by delivering to the issuer written certification that Landlord is entitled to draw thereunder as a result of Tenant's default hereunder. (iv) be drawable on an FDIC-insured financial institution satisfactory to Landlord. and (v) be redeemable in the state of California in one of the nine counties comprising the San Francisco-Oakland-San Xxxx (the "Bay Area"). As of the Commencement Date, -------- and at all times during the Term, the sum of the amount drawable under the Letter of Credit and the cash portion of the Security Deposit held by Landlord shall be equal or greater than the total amount of the Security Deposit as set forth in the Schedule (i.e., $509,037.80). If Tenant does not provide Landlord with a substitute Letter of Credit complying with all of the requirements hereof at least thirty (30) days before the stated expiration date of the current Letter of Credit, then Landlord shall have the right to draw upon the current Letter of Credit and hold the funds drawn as part of the Security Deposit. In the event Landlord notifies Tenant in writing that the bank which issued the Letter of Credit has become financially unacceptable (e.g., the bank is under investigation by governmental authorities, has filed bankruptcy or reorganization proceedings, or has closed two or more of its branches within the Bay Area), then Tenant shall have thirty (30) days to provide Landlord with a substitute Letter of Credit complying with all of the requirements hereof. The cash portion of the Security Deposit and the Letter of Credit are collectively referred to herein as the "Security Deposit". In the event Tenant initially pays ---------------- the entire Security Deposit to Landlord in cash, then Landlord agrees after its receives a Letter of Credit which satisfies the ...
Lease Deposit. 4.1 Within 5 days after the signing of this Contract, Party B shall pay Party A a deposit of equivalent to RMB 88,925.7688 (eighty-eight thousand). When Party A collects the deposit from Party B, Party A shall issue the receipt voucher to Party B.
Lease Deposit. Tenant shall deposit with Landlord on the date Tenant executes and delivers this Lease to Lease the cash sums set forth in the Schedule for both Prepaid Rent and Security Deposit (collectively, the "LEASE DEPOSIT"). The Prepaid Rent shall be applied by Landlord against the first full month's Base Rent payment obligation hereunder. The Security Deposit shall be held by Landlord as security for the performance of all of its obligations in the amount set forth on the Schedule. If Tenant defaults under this Lease, Landlord may apply all or any part of the Security Deposit for the payment of any Rent or other sum in default, the repair of any damage to the Premises caused by Tenant or the payment of any other amount which Landlord may spend or become obligated to spend by reason of Tenant's default or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant's default to the full extent permitted by law. Tenant hereby waives any restriction on the use or application of the Security Deposit by Landlord as set forth in California Civil Code Section 1950.7. To the extent any portion of the Security Deposit is used, Tenant shall within five (5) days after demand from Landlord restore the deposit to its full amount. Landlord may keep the Security Deposit in its general funds and shall not be required to pay interest to Tenant on the deposit amount. If Tenant shall perform all of its obligations under this Lease and return the Premises to Landlord at the end of the Term, Landlord shall return all of the remaining Security Deposit to Tenant within thirty (30) days after the end of the Term. The Security Deposit shall not serve as an advance payment of Rent or a measure of Landlord's damages for any default under this Lease. If Landlord transfers its interest in the Project or this Lease, Landlord may transfer the Security Deposit to its transferee. Upon such transfer, Landlord shall have no further obligation to return the Security Deposit to Tenant, and Tenant's right to the return of the Security Deposit shall apply solely against Landlord's transferee.
Lease Deposit. 1. Party B shall pay Party A six-month rent in the amount of RMB 3,934,296.00 (in words: RMB Three Million Nine Hundred and Thirty-four Thousand Two Hundred and Ninety-six Yuan Only) in a lump sum as a deposit for lease on the date when this Contract is signed. After the expiration of the Lease Term, the refund of the non-interest-bearing deposit by Party A to Party B is conditional on that Party B shall have vacated and cleaned the Leased Premises and returned in good conditions the same to Party A, paid off all the rent and other expenses payable and have no any other breaches. Rental Contract
Lease Deposit. Lessor acknowledges that Lessee has paid with the execution of this Lease the sum specified under "Lease Deposit" in the Payment Schedule section of this Lease, to be held by Lessor as a lease deposit and not as advance rental. If Lessee at the expiration of this lease or any renewal or extension hereof: shall not be in default hereunder or under any other lease in effect between the parties, and shall have paid to Lessor all amounts due to Lessor, and shall have returned to Lessor the Equipment in the condition provided in Paragraph 9 hereof or made such other disposition thereof as may be directed by Lessor, Lessor shall thereupon refund to Lessee the lease deposit without interest. In the event, however, of any default as any time in any of the terms, provisions and conditions hereof or any other lease between the parties, or should Lessee fail to return the Equipment in the condition and at the time required under Paragraph 9, Lessor may, but shall not be obligated to, apply the lease deposit to cure such default, in which event Lessee shall promptly restore the lease deposit to the full amount specified above. Lessor shall also have the right and privilege at its discretion to apply the lease deposit or any portion thereof to any other lease(s) outstanding between Lessor and Lessee to cure a default in such lease(s) or to apply to any deficiency arising out of such other lease(s).
Lease Deposit. 10 3.5 Adjustments................................................... 10
