Security Deposit Amount definition

Security Deposit Amount means the per MW security requirement established during the bidding process.

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Security Deposit Amount. Fifty-Four Thousand Seven Hundred Four And 65/100 Dollars ($54,704.65).

Security Deposit Amount means the security deposit amount specified in the Offer Letter or the Side Letter(s), if any.

Examples of Security Deposit Amount in a sentence

• The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document.

• Upon execution of this Lease, Tenant deposits with Landlord [Security Deposit Amount], as security for the performance by Tenant of the terms of this Lease to be returned to Tenant, [With or Without Interest], following the full and faithful performance by Tenant of this Lease.

• Upon signing this Agreement, the Tenant shall provide a security deposit in the amount of [Security Deposit Amount].

• If any portion of the security deposit is so used or applied, then within three (3) business days after Landlord gives written notice to Tenant of such use or application, Tenant shall deposit with Landlord cash in an amount sufficient to restore the security deposit to the original Security Deposit Amount, and Tenant's failure to do so shall constitute an Event of Default under this Lease.

• Concurrently with its execution and delivery of this Sublease, Subtenant shall deliver to Sublandlord a security deposit in the Required Security Deposit Amount to secure the faithful observance and performance by Subtenant of the terms and conditions of this Sublease.

More Definitions of Security Deposit Amount

Security Deposit Amount shall have the meaning ascribed to it in Clause 3.7.1.

Security Deposit Amount means and refer to the sum of the Initial Estimated Annual Additional Rent plus the Annual Fixed Rent Rate, as the same may be adjusted in accordance with Section 2.3, Section 4.1(b) and Section 10.12 hereof. If Tenant elects to have Landlord advance the Tenant Allowance, the Security Deposit Amount shall thereupon be increased to $6,557,654 plus an amount equal to the Initial Estimated Annual Additional Rent. On the effective date of any such adjustment of the Annual Fixed Rent Rate, Tenant shall provide a replacement letter of credit for the amount of the adjusted Security Deposit Amount. Any letter of credit provided by Tenant shall be in form and substance acceptable to Landlord and shall be drawn on BankBoston, N.A. (or another Boston clearinghouse bank reasonably satisfactory to Landlord) for the Security Deposit Amount in Landlord's favor. Tenant shall provide for replacements thereto to be issued and delivered to Landlord at least 30 days prior to the expiration of the then effective letter of credit, time being of the essence. The letter of credit shall be payable to Landlord upon presentation at the issuing bank's offices in Boston of a sight draft signed by Landlord stating that Landlord is entitled thereto, and a certification of Landlord that the person signing the certification is duly authorized to do so, that an uncured default exists under the Lease, that the default has continued after the expiration of any applicable cure period, and that the amount of the draft does not exceed the amount reasonably required to cure such default (the "Default Certification"). Landlord agrees that it shall present such sight draft and Default Certification only if Tenant defaults in performance of its obligations hereunder and such default shall have continued past any applicable notice and grace period. Any letter of credit in effect during the last year of the Term shall expire no earlier than 30 days after the expiration of the Term of the Lease. The letter of credit shall provide for partial draws and shall be assignable by Landlord. If Tenant shall fail to perform any of its obligations under this Lease including a failure timely to provide a replacement letter of credit, Landlord may, but shall not be obligated to, apply the letter of credit to the extent necessary to cure the default, and Tenant shall be obligated to reinstate the letter of credit to the Security Deposit Amount then in effect. Tenant shall not have the right to call upon Landlord t...

Security Deposit Amount is defined and shall have the meaning specified in the Basic Lease Information.

Security Deposit Amount means an amount equal to the sum of the Acquired Security Deposits.

Security Deposit Amount means an amount equal to the sum of the Acquired Security Deposits. “Seller” and “Sellers” have the meanings set forth in the preamble.

Security Deposit Amount means $2,170,000, as such amount may be increased or thereafter further increased or decreased from time to time as more particularly provided herein (see Article 23).

Security Deposit Amount is the amount equivalent to three (3) months of the Monthly Base Rent and Tenant’s Contribution to be dealt with pursuant to Section 3.5, which amount shall be paid in bank guaranty or letter of credit reasonably satisfactory to Landlord.