Common use of Restoration of Deposit Clause in Contracts

Restoration of Deposit. If Lessor elects to use or apply all or any portion of the Security Deposit as provided in Section 16.1, Lessee shall within ten (10) days after written demand therefor pay to Lessor in cash, an amount equal to that portion of the Security Deposit used or applied by Lessor, and Lessee'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 notice of default provisions required by law or ordinance.

Appears in 1 contract

Samples: Second Lease Amendment (Sangstat Medical Corp)

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Restoration of Deposit. If Lessor elects to use or apply all or any portion of the Security Deposit as provided in Section 16.110.1, Lessee shall within ten (10) days after written demand therefor pay to Lessor in cash, an amount equal to that portion of the Security Deposit used or applied by Lessor, and Lessee's Xxxxxx’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 (Itex Corp)

Restoration of Deposit. If Lessor elects to use or apply all or any portion of the Security Deposit as provided in Section 16.117.1, Lessee shall within ten (10) days after written demand therefor pay to Lessor in cash, an amount equal to that portion of the Security Deposit used or applied by Lessor, and Lessee'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: Salient Lease Terms (Innova Corporation)

Restoration of Deposit. If Lessor elects to use or apply all or any portion of the Security Deposit as aa provided in Section 16.110.1, Lessee shall within ten (10) days after written demand therefor pay to Lessor in cash, an amount equal to that portion of the Security Deposit used or applied by Lessor, and Lessee'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 (Thinking Tools Inc)

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Restoration of Deposit. If Lessor elects to use or apply all or any portion of the Security Deposit as provided in Section 16.110.1, Lessee shall within ten (10) days after written demand therefor pay to Lessor in cash, an amount equal to that portion of the Security Deposit used or applied by Lessor, and Lessee's failure to so do shall xx xxall 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 notice of default provisions required by law or ordinance.

Appears in 1 contract

Samples: Service Office Lease (Thermogenesis Corp)

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