Rental Security definition

Rental Security means the amount equal to the one advance quarter net guaranteed Rentals, which shall be deposited by the Operator to the Employer against security deposit.
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Rental Security means the amount equal to the one advance quarter net guaranteed Rental, which shall be deposited by the Concessionaire to the Employer as security deposit.
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Examples of Rental Security in a sentence

  • The Operator shall furnish to the Employer the Performance Security, Rental Security (equal to advance quarterly rental) and Payment of applicable Taxes in the forms and the amounts stipulated below, within a period of fifteen (15) days after the receipt of Letter of Acceptance.

  • The Rental Security should be in form of Pay order in favor of the “National Highway Authority, Road Maintenance Account, Islamabad”.

  • The Rental Security shall be equivalent to three (03) months net guaranteed rental, offered by the Operator.

  • Failure will invite encashment of Performance Security & Rental Security.

Related to Rental Security

  • Supplemental security income means the program authorized under title XVI of the social security act, 42 USC 1381 to 1383f.

  • Registered Security means any Security which is registered in the Security Register.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.