Common use of Security Deposit; Increases Clause in Contracts

Security Deposit; Increases. (a) No later than September 1, 2017, Tenant shall deposit with Landlord a cash Security Deposit in the amount set forth in Section 1.07 above. Landlord may apply all or part of the Security Deposit to any unpaid rent due from Tenant. If Landlord uses any part of the Security Deposit, Tenant shall restore the Security Deposit to its full amount within ten (10) days after Landlord’s written request. No interest shall be paid on the Security Deposit. Landlord shall be required to keep the Security Deposit separate from its other accounts. Landlord shall refund the portion of the Security Deposit to which Tenant is entitled (if any) within sixty (60) days following the date that Tenant surrenders possession of the Premises to Landlord in accordance with the terms and conditions of this Lease.

Security Deposit; Increases. (a) No later than September 1, 2017, Tenant shall deposit with Landlord a cash Security Deposit in the amount set forth in Section 1.07 1,07 above. Landlord may apply all or part of the Security Deposit to any unpaid rent due from Tenant. If if Landlord uses any part of the Security Deposit, Tenant shall restore the Security Deposit to its full amount within ten (10) days after Landlord’s written request. No interest shall be paid on the Security Deposit. Landlord shall be required to keep the Security Deposit separate from its other accounts. Landlord shall refund the portion of the Security Deposit to which Tenant is entitled (if any) within sixty (60) days following the date that Tenant surrenders possession of the Premises to Landlord in accordance with the terms and conditions of this Lease.