The Security Deposit. The parties acknowledge that ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
The Security Deposit. This will be deducted from Guest on collection. Please see clauses 7.10 to 7.21 for details;
The Security Deposit. The Security Deposit shall be held by Landlord without interest as security for the performance of Tenant's obligations under this Lease. The Security Deposit is not an advance payment of rental or the full measure of liquidated damages on a default by Tenant. On an Event of Default (hereinafter defined), Landlord may, from time to time and without prejudice to any other remedy provided herein or by law, use the Security Deposit to cure the Event of Default. After an application of the Security Deposit, Tenant shall pay to Landlord, on demand, the amount necessary to replenish the Security Deposit to its original amount. On the expiration or termination of the Term, any remaining balance of the Security Deposit shall be returned by Landlord to Tenant if Tenant is not then in default. Unless there has been a permitted assignment of this Lease pursuant to Article XI, and in connection therewith Landlord receives written notice of an assignment of the right to receive the Security Deposit or the remaining balance thereof, Landlord may return the Security Deposit to the original Tenant, regardless of one or more assignments or Tenant's interest in the Security Deposit. In this event, on the return of the Security Deposit (or balance thereof) to the original Tenant (or permitted assignee, as appropriate), Landlord has no further liability with respect to the Security Deposit. On a transfer of the Premises, this Lease or the Building, Landlord may transfer the Security Deposit to the transferee, after which Landlord is released from all liability for the return of the Security Deposit, for which Tenant shall look solely to the transferee.
The Security Deposit. We have provided a fair and simple procedure.
The Security Deposit. 3.1 Security Deposit For the purpose of securing the Secured Liabilities the Depositor hereby irrevocably and unconditionally creates a Security Deposit over each registered share comprising the Deposited Shares. The Deposited Shares shall be blank endorsed. The Security Deposit is made in favour of the Depositee acting on its own behalf and in its capacity as Security Agent acting on behalf of each Finance Party and any transferees or assignees or replacements or successors of the Depositee or any such Finance Party, for the full amount of the Secured Liabilities.
The Security Deposit. This paragraph is entirely optional of course. Security will protect the lessor in the event of misuse or other damage to the subject matter of the lease. Security could take the form of ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
The Security Deposit. Contract Performance Guarantee shall be held by the Owner, as security for the due performance of the Contractor's obligations under the Contract, provided that nothing herein stated shall make it incumbent upon the Owner to utilize the Security Deposit/ Contract Performance Bank Guarantee in preference to any other remedy which the Owner may have, nor shall be construed as confining the claims of the Owner against the Contractor to the quantum of the Security Deposit/Contract Performance Guarantee.
The Security Deposit. 5.1 The Security Deposit will be held by The Deposit Protection Service (DPS).
The Security Deposit. Tenant shall look solely to the transferee for the return of the Security Deposit, and it is agreed that all of the foregoing shall apply to every transfer or assignment made of the Security Deposit to a new transferee. No mortgagee or purchaser of any or all of the Building at any foreclosure proceeding brought under the provisions of any mortgage shall (regardless of whether the Lease is at the time in question subordinated to the lien of any mortgage) be liable to Tenant or any other person for any or all of such sum (or any other or additional security deposit or other payment made by Tenant under the provisions of this Lease), unless Landlord has actually delivered it in cash to such mortgagee or purchaser, as the case may be. In the event of any rightful and permitted assignment of Tenant's interest in this Lease, the Security Deposit shall be deemed to be held by Landlord as a deposit made by the assignee, and Landlord shall have no further liability to the assignor with respect to the return of the Security Deposit.
The Security Deposit. 5.2.7 Counterpart to an Assignment and Assumption of Contracts, substantially in the form of Exhibit I hereto.