Common use of Restoration of Deposit Clause in Contracts

Restoration of Deposit. If Landlord elects to use or apply all or any portion of the Security Deposit as provided in Section 8.1, Tenant shall within ten (10) days after written demand therefor pay to Landlord in cash, an amount equal to that portion of the Security Deposit used or applied by Landlord, and Tenant’s failure to so do shall be a material breach of this Lease. The ten (10) day notice specified in the preceding sentence shall insofar as not prohibited by law, constitute full satisfaction of notice of default provisions required by law or ordinance.

Appears in 4 contracts

Samples: Office Lease (Quotient Technology Inc.), Office Lease (Heritage Commerce Corp), Office Lease (Tobira Therapeutics, Inc.)

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Restoration of Deposit. If Landlord elects to use or apply all or any portion of the Security Deposit as provided in Section 8.1, Tenant shall within ten (10) days after written demand therefor pay to Landlord in cash, an amount equal to that portion of the Security Deposit used or applied by Landlord, and Tenant’s 's failure to so do shall be a material breach of this Lease. The ten (10) day notice specified in the preceding sentence shall insofar as not prohibited by law, constitute full satisfaction of notice of default provisions required by law or ordinance.

Appears in 3 contracts

Samples: Office Lease (Kronos Bio, Inc.), Office Lease (Kronos Bio, Inc.), Office Lease (Witness Systems Inc)

Restoration of Deposit. If Landlord elects to use or apply all or any ---------------------- portion of the Security Deposit as provided in Section 8.114.1, Tenant shall within ten (10) days after written demand therefor pay to Landlord in cash, an amount equal to that portion of the Security Deposit used or applied by Landlord, and Tenant’s 's failure to so do shall be a material breach of this Lease. The ten (10) day notice specified in the preceding sentence shall insofar as not prohibited by law, constitute full satisfaction of notice of default provisions required by law or ordinance.

Appears in 1 contract

Samples: Lease Agreement (Centillium Communications Inc)

Restoration of Deposit. If Landlord elects to use or apply all or any portion of the Security Deposit as provided in Section 8.114.1, Tenant shall within ten (10) days after written demand therefor pay to Landlord in cash, an amount equal to that portion of the Security Deposit used or applied by Landlord, and Tenant’s failure to do so do shall be a material breach of this Lease. The ten (10) day notice specified in the preceding sentence shall insofar as not prohibited by law, constitute full satisfaction of notice of default provisions required by law or ordinance.

Appears in 1 contract

Samples: Lease (Opnext Inc)

Restoration of Deposit. If Landlord elects to use or apply all or any portion of the Security Deposit as provided in Section 8.114.1, Tenant shall within ten (10) days after written demand therefor therefore pay to Landlord in cash, an amount equal to that portion of the Security Deposit used or applied by Landlord, and Tenant’s 's failure to so do shall be a material breach of this Lease. The ten (10) day notice specified in the preceding sentence shall insofar as not prohibited by law, constitute full satisfaction of notice of default provisions required by law or ordinance.. ------------------- ----------------- Landlord's Initials Tenant's Initials

Appears in 1 contract

Samples: Entrada Networks Inc

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Restoration of Deposit. If Landlord elects to use or apply all or any ---------------------- portion of the Security Deposit as provided in Section 8.1, Tenant shall within ten (10) days after written demand therefor pay to Landlord in cash, an amount equal to that portion of the Security Deposit used or applied by Landlord, and Tenant’s 's failure to so do shall be a material breach of this Lease. The ten (10) day notice specified in the preceding sentence shall insofar as not prohibited by law, constitute full satisfaction of notice of default provisions required by law or ordinance.

Appears in 1 contract

Samples: Office Lease (Blaze Software Inc)

Restoration of Deposit. If Landlord elects to use or apply all or any portion of the Security Deposit as provided in Section 8.114.1, Tenant shall within ten (10) days after written demand therefor pay to Landlord in cash, an amount equal to that portion of the Security Deposit used or applied by Landlord, and Tenant’s 's failure to do so do shall be a material breach of this Lease. The ten (10) day notice specified in the preceding sentence shall insofar as not prohibited by law, constitute full satisfaction of notice of default provisions required by law or ordinance.

Appears in 1 contract

Samples: Lease (Opnext Inc)

Restoration of Deposit. If Landlord elects to use or apply all or any portion of the Security Deposit as provided in Section 8.114.1, Tenant shall within ten (10) business days after written demand therefor pay to Landlord in cash, an amount equal to that portion of the Security Deposit used or applied by Landlord, and Tenant’s failure to so do shall be a material breach of this Lease. The ten (10) business day notice specified in the preceding sentence shall insofar as not prohibited by law, constitute full satisfaction of notice of default provisions required by law or ordinance.. Landlord’s Initials Tenant’s Initials

Appears in 1 contract

Samples: Net Lease (Centillium Communications Inc)

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