Security Deposit definition

Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.
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Security Deposit means any refundable deposit of money that is furnished by a tenant to a landlord
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Security Deposit means an amount of money you must pay to us before we supply Energy to you (and which we hold as a deposit);
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Examples of Security Deposit in a sentence

  • If an Event of Default occurs under this Lease by Tenant, Landlord shall have the right, but not the obligation, to use, apply, or retain all or any portion of the Security Deposit for the payment of: (i) Fixed Rent, Additional Rent, or any other sum as to which Tenant is in default; or (ii) the amount Landlord spends or may become obligated to spend, or to compensate Landlord for any losses incurred by reason of Tenant’s default.

  • Landlord shall not be required to maintain the Security Deposit in a separate account.

  • If any portion of the Security Deposit is so used or applied, then within five (5) days after Landlord gives Tenant written notice, Tenant shall deposit with Landlord cash in an amount sufficient to restore the Security Deposit to the original amount.


More Definitions of Security Deposit

Security Deposit means a refundable payment or deposit of money, however designated, the primary function of which is to secure the performance of a rental agreement or any part of a rental agreement. “Security deposit” does not include a fee.
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Security Deposit shall have the meaning ascribed to it in Section 3.5.
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Security Deposit means a deposit, in any amount, paid by the tenant to the landlord or his or her agent to be held for the term of the rental agreement, or any part of the term, and includes any required prepayment of rent other than the first full rental period of the lease agreement; any sum required to be paid as rent in any rental period in excess of the average rent for the term; and any other amount of money or property returnable to the tenant on condition of return of the rental unit by the tenant in condition as required by the rental agreement. Security deposit does not include either of the following:
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Security Deposit means any cash held by or for the benefit of the Borrower as a “security deposit” (or other similar term) pursuant to any Lease.
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Security Deposit means, with respect to any Lease Agreement, the refundable security deposit specified in such Lease Agreement.
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Security Deposit means a refundable payment or deposit of money, however designated,
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Security Deposit means any deposit of money or property to secure performance by the tenant under a rental agreement.
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