Security Deposit; Escrow Deposits Sample Clauses

Security Deposit; Escrow Deposits. The New Lease shall contemplate security deposits and escrow deposits in the same manner or fashion as contemplated by the Original Lease, and such security deposits and escrows shall continue to secure all of the obligations that security deposits and escrows secure under the Original Lease to the extent permitted by any applicable lender. Any cash deposit requirements shall initially be funded by Landlord, on a proportional basis, from the security deposit and the escrow accounts held by Landlord under the Original Lease. Alternatively, if security deposits under the Original Lease were in the form of letters of credit, then Tenants shall cause new letters of credit to be issued for any deposits required under the New Lease by delivering a letter of credit to Landlord and Landlord and Tenant shall cooperate to enable Tenants to substitute new letters of credit in amounts reduced by the amount of the corresponding letters of credit under the New Lease.