Common use of Restoration of Letter of Credit and LOC Security Deposit Clause in Contracts

Restoration of Letter of Credit and LOC Security Deposit. If Landlord draws on any portion of the LOC and/or applies all or any portion of such draw, Tenant shall, within five (5) business days after written demand by Landlord, either (a) deposit cash with Landlord in an amount that, when added to the amount remaining under the LOC and the amount of any LOC Security Deposit, shall equal the LOC Amount then required under this Paragraph 22C; or (b) reinstate the LOC to the full LOC Amount.

Appears in 1 contract

Samples: Office Lease (Intraware Inc)

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Restoration of Letter of Credit and LOC Security Deposit. If Landlord draws on any portion of the LOC and/or applies all or any portion of such draw, Tenant shall, within five (5) business days after written demand by Landlord, either (a) deposit cash with Landlord in an amount that, when added to the amount remaining under the LOC and the amount of any LOC Security Deposit, shall equal the LOC Amount then required under this Paragraph 22CAmendment Number 3; or (b) reinstate the LOC to the full LOC Amount.

Appears in 1 contract

Samples: Expansion Agreement (Extricity Inc)

Restoration of Letter of Credit and LOC Security Deposit. If Landlord draws on any portion of the LOC and/or applies all or any portion of such draw, Tenant shall, within five (5) business days after written demand by Landlord, either (ai) deposit cash with Landlord in an amount that, when added to the amount remaining under the LOC and the amount of any LOC Security Deposit, shall equal the LOC Amount then required under Paragraph 5 of the this Paragraph 22CFirst Amendment; or (bii) reinstate the LOC to the full LOC Amount.

Appears in 1 contract

Samples: Lease Improvement Agreement (Sitesmith Inc)

Restoration of Letter of Credit and LOC Security Deposit. If Landlord draws on any portion of the LOC and/or applies all or any portion of such draw, Tenant shall, within five (5) business days after written demand by Landlord, either (a) deposit cash with Landlord in an amount that, when added to the amount remaining under the LOC and the amount of any LOC Security Deposit, shall equal the LOC Amount then required under this Paragraph 22C; or 5(b);,or (b) reinstate the LOC to the full LOC Amount.

Appears in 1 contract

Samples: Work Letter Agreement (Xacct Technologies 1997 LTD)

Restoration of Letter of Credit and LOC Security Deposit. If Landlord draws on any portion of the LOC and/or applies all or any portion of such draw, Tenant shall, within five (5) business days after written demand by Landlord, either (a) deposit cash with Landlord in an amount that, when added to the amount remaining under the LOC and the amount of any LOC Security Deposit, shall equal the LOC Amount then required under this Paragraph 22CParagraph; or (b) reinstate the LOC to the full LOC Amount.

Appears in 1 contract

Samples: Letter Agreement (Organic Inc)

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Restoration of Letter of Credit and LOC Security Deposit. If Landlord draws on any portion of the LOC and/or applies all or any portion of such draw, Tenant shall, within five (5) business days after written demand by Landlord, either (a) deposit cash with Landlord in an amount that, when added to the amount remaining under the LOC and the amount of any LOC Security Deposit, shall equal the LOC Amount then required under this Paragraph 22C5(b ); or (b) reinstate the LOC to the full LOC Amount.

Appears in 1 contract

Samples: Letter Agreement (Xacct Technologies 1997 LTD)

Restoration of Letter of Credit and LOC Security Deposit. If Landlord draws on any portion poration of the LOC and/or applies all or any portion of such draw, Tenant shall, within five (5) business days after written demand by Landlord, either (a) deposit cash with Landlord in an amount that, when added to the amount remaining under the LOC and the amount of any LOC Security Deposit, shall equal the LOC Amount then required under this Paragraph 22C3; or (b) reinstate the LOC to the full LOC Amount.

Appears in 1 contract

Samples: Expansion Agreement (Geac Computer Corp LTD)

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