Common use of Return of Security Clause in Contracts

Return of Security. The Security is a part of the consideration for execution of this Lease. If Lessee shall have fully performed all terms and conditions of this Lease, any cash deposit security shall be paid to Lessee within thirty (30) days following the termination (or expiration) date without interest; otherwise the Port shall, in addition to any and all other rights and remedies available under this Lease or at law or equity, retain title thereto.

Appears in 9 contracts

Samples: Terminal Lease Agreement, Terminal Lease Agreement, Lease Agreement

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Return of Security. The Security is a part of the consideration for execution of this Lease. If Lessee shall have fully performed all terms and conditions of this Lease, any cash deposit security shall be paid to Lessee within thirty sixty (3060) days following the termination (or expiration) date without interest; otherwise the Port shall, in addition to any and all other rights and remedies available under this Lease or at law or equity, retain title thereto.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, meetings.portseattle.org

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Return of Security. The Security is a part of the consideration for execution of this Lease. If Lessee shall have fully performed all terms and conditions of this Lease, any cash deposit security shall be paid to Lessee within thirty (30) days following the termination (or expiration) date without interest; otherwise the Port Landlord shall, in addition to any and all other rights and remedies available under this Lease or at law or equity, retain title thereto.

Appears in 1 contract

Samples: Lease Agreement

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