Common use of Return of Security Clause in Contracts

Return of Security. The Security is a part of the consideration for execution of this Agreement. If Tenant shall have fully performed all terms and conditions of this Agreement, the Security (or such portion as remains without claim by the Port) shall be returned to Tenant within thirty (30) days following the termination (or expiration) date; otherwise the Port shall, in addition to any and all other rights and remedies available under this Agreement or at law or equity, retain title to that portion of the Security sufficient to remedy the default.

Appears in 2 contracts

Samples: Ground Lease Agreement, Ground Lease Agreement

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Return of Security. The Security is a part of the consideration for execution of this Agreement. If Tenant Concessionaire shall have fully performed all terms and conditions of this Agreement, the Security (or such portion as remains without claim by the Port) any cash deposit security shall be returned paid to Tenant Concessionaire within thirty sixty (3060) days following the termination (or expiration) datedate without interest; otherwise the Port shall, in addition to any and all other rights and remedies available under this Agreement or at law or equity, retain title to that portion of the Security sufficient to remedy the defaultthereto.

Appears in 2 contracts

Samples: Cart Lease and Concession Agreement, Lease and Concession Agreement

Return of Security. The Security is a part of the consideration for execution of this Agreement. If Tenant shall have fully performed all terms and conditions of this Agreement, the Security (or such portion as remains without claim by the Port) any cash deposit security shall be returned paid to Tenant within thirty ninety (3090) days following the termination (or expiration) datedate without interest; otherwise the Port shall, in addition to any and all other rights and remedies available under this Agreement or at law or equity, retain title to that portion of the Security sufficient to remedy the defaultthereto.

Appears in 2 contracts

Samples: Ground Lease Agreement, Ground Lease Agreement

Return of Security. The Security is a part of the consideration for execution of this Agreement. If Tenant shall have fully performed all terms and conditions of this Agreement, the Security (or such portion as remains without claim by the Port) shall be returned to Tenant within thirty (30) days following the termination (or expiration) datedate without interest (as applicable in the case of Security in the form of the Cash Deposit); otherwise the Port shall, in addition to any and all other rights and remedies available under this Agreement or at law or equity, retain title to that portion of the Security sufficient to remedy the default.

Appears in 1 contract

Samples: Ground Lease Agreement

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Return of Security. The Security is a part of the consideration for execution of this Agreement. If Tenant shall have fully performed all terms and conditions of this Agreement, the Security (or such portion as remains without claim by the Port) shall be returned to Tenant within thirty sixty (3060) days following the Agreement termination (or expiration) date; otherwise otherwise, the Port shall, in addition to any and all other rights and remedies available under this Agreement or at law or equity, retain title to that portion of the Security sufficient to remedy the default.

Appears in 1 contract

Samples: Ground Lease Agreement

Return of Security. The Security is a part of the consideration for execution of this Amended and Restated Agreement. If Tenant shall have fully performed all terms and conditions of this Amended and Restated Agreement, the Security (or such portion as remains without claim by the Port) any cash deposit security shall be returned paid to Tenant within thirty (30) days following the termination (or expiration) datedate without interest; otherwise the Port shall, in addition to any and all other rights and remedies available under this Amended and Restated Agreement or at law or equity, retain title to that portion of the Security sufficient to remedy the defaultthereto.

Appears in 1 contract

Samples: Facility Lease Agreement

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