Security Deposit and First Month’s Rent. Upon execution of this Lease, Tenant shall deposit with Landlord the Security Deposit defined in the Fundamental Lease Provisions, and shall also deposit the first (1st) month of Base Rent, the latter to be applied to the first full month of Base Rent due hereunder. If Tenant defaults with respect to any provision of this Lease, including but not limited to the provisions relating to the payment of Base Rent or Additional Rent, Landlord may use, apply or retain all or any part of the Security Deposit for the payment of any Rent, or any other sum in default, or for the payment of any other amount Landlord may spend or become obligated to spend by reason of Tenant’s default, or to compensate Landlord for any other loss or damage Landlord may suffer by reason of Tenant’s default and Tenant shall replenish the Security Deposit upon request.
Security Deposit and First Month’s Rent. 9.1 On or before the date of final signature by both parties hereto and receipt of the consent of the Master Landlord to this Sublease, Audentes shall prepay the first month’s Base Rent (Month 1, following the first two weeks after the Commencement Date, as shown in Section 8.1, above) and as security for the full and faithful performance of each provision of this Sublease to be performed by Audentes, deposit with Solazyme a sum equal to three-hundred- (300%) of that first month’s Base Rent (such first month commencing after the initial two week free rent period) (the “Security Deposit”). The Security Deposit shall be in the form of an irrevocable standby letter of credit, in form reasonably satisfactory to Solazyme. The letter of credit shall in form and substance comply with provisions in the Master Lease (section 21) applicable to the letter of credit provided by Solazyme to Master Landlord thereunder, except that it shall relate to Audentes’s obligations under this Sublease and shall be drawable by Solazyme. Audentes shall furnish proof of such letter of credit at least three (3) days prior to the Commencement Date.
Security Deposit and First Month’s Rent. Concurrently with Tenant’s delivery of this Amendment, Tenant shall deliver the sum of (a) $17,751.00 to Landlord, which sum shall be added to the Security Deposit presently being held by Landlord in accordance with Section 4.3 of the Lease, and (b) $14,770.00 (i.e., the initial installment of 1 full month of Basic Rent for Suite 1180). Effective as of the date of this Amendment, Assignor and Tenant hereby authorize Landlord to transfer $7,453.00 of the Security Deposit presently being held by Landlord pursuant to Section 4.3 of the Lease, and apply such funds to the security deposit required by Landlord under the new lease for Suite 490 between Landlord and Assignor.
Security Deposit and First Month’s Rent. As security for the performance of this Lease by Tenant, Tenant has paid to Landlord the Security Deposit as specified in Section 1.12 hereof, receipt of which is hereby acknowledged. Landlord may apply all or any part of the Security Deposit to the payment of any sum for which Tenant is in default hereunder beyond any applicable notice and cure period. In such event, Tenant shall, within fifteen (15) days after written demand therefor by Landlord, deposit with Landlord the amount so applied to restore the Security Deposit to its original amount. The amount of the Security Deposit held by Landlord and not applied by Landlord under the provisions of this Section 6 shall be repaid to Tenant within thirty (30) days after the expiration or sooner termination of this Lease. Landlord shall not be required to keep any Security Deposit separate from its general funds and Tenant shall not be entitled to any interest thereon. Said sum shall be credited by Landlord as first month's Base Rent. Landlord shall notify Tenant of the estimated Operating Costs, as provided for in this Lease, sixty (60) days prior to the Rent Commencement Date for Tenant's payment thereof.
Security Deposit and First Month’s Rent. (a) On or before the Commencement Date Tenant agrees to deposit with Landlord the sum of Fourteen Thousand ($14,000.00), to be applied as follows: Rent for lst and last quarters in the amount of $12,000.00 and $2,000.00 as a security deposit for the full performance of this lease by Tenant, to be returned to Tenant by Landlord within sixty (60) days after the termination of the Lease, provided Tenant is not in default. Tenant shall not be entitled to interest on the security deposit, and Landlord may commingle the security deposit with other funds.
Security Deposit and First Month’s Rent. On or before June 15, 2009, Sub-Lessee shall pay to Doral 04, Inc. the sum of $10,314.80, as and for its $5,157.40 first month’s rent and $5,157.40 Security Deposit. It is agreed that, in the event Sub-Lessee defaults in respect of any the terms, provisions, and conditions of this Sub-Lease, including, but not limited to, the payment of rent, Sub-Lessor may (in addition to the remedies set forth in Section 16 below) use, apply, or retain the whole or part of the security so deposited to the extent required for the payment of any rent or any other sum as to which Sub-Lessee is in default or for any sum which Sub-Lessor may expend or may be required to expend by reason of Sub-Lessee's default in respect of any of the terms, covenants, and conditions of this Lease, including, but not limited to, any damages or deficiency accrued before or after summary proceedings or other re-entry by Sub-Lessor.
Security Deposit and First Month’s Rent. Sixty Nine Thousand Four Hundred Sixty Five and 79/100 Dollars ($69,465.79) of the Security Deposit, and the monthly rent for the first calendar month in which full rent is due in the amount of Thirty One Thousand Three Hundred Thirty Three and 33/100 Dollars ($31,333.33), are due and payable upon Lease execution by Tenant. The remaining portion of such Security Deposit [Twenty Six Thousand Eight Hundred Twenty Nine and 38/100 Dollars ($26,829.38)] shall be due and payable at such time as the Security Deposit is refunded to Tenant under Tenant's Galleria 600 Lease (as hereinafter defined), or would have been refunded but for application pursuant to Tenant's Galleria 600 Lease.
Security Deposit and First Month’s Rent. Upon execution of the Sublease by both parties, and satisfaction of the conditions set forth in Section 15, Sublessee shall deliver to Sublessor a security deposit in the amount of Thirty-Three Thousand Two Hundred Forty Three and 21/100 Dollars ($33,243.21) and the first month's rent in the amount of Thirty-Three Thousand Two Hundred Forty Three and 21/100 Dollars ($33,243.21).
Security Deposit and First Month’s Rent. The Security Deposit in the amount of Ten Thousand Three Hundred Six and 71/100 Dollars ($10,306.71) and the First Month’s Rent in the amount of Ten Thousand Three Hundred Six and 71/100 Dollars ($10,306.71) are due and payable upon Lease execution by both Tenant and Landlord. Check(s) should be made payable to 000 Xxxxxxxx Xxxxxxx Associates.
Security Deposit and First Month’s Rent. Upon execution of this Lease Expansion, Tenant shall deliver to Landlord checks in the amount of:
