Security Deposit Interest definition

Security Deposit Interest means interest payable by Landlord upon the Security Deposit as described in Section 8.
Sample 1Sample 2Sample 3
Security Deposit Interest. Security Deposit Interest" shall mean all accrued but unpaid interest on the Security Deposits owed pursuant to applicable law and/or a particular Lease for which Assignee has received a credit on the Closing Statement.
Sample 1
Security Deposit Interest shall have the meaning set forth in Paragraph 32(a).
Sample 1

Examples of Security Deposit Interest in a sentence

  • The EMD of successful bidder shall be converted in to Security Deposit (Interest free) which will be refunded after successful completion of order obligations.

  • The interest rate applicable with such payments is in accordance with the interest rate set out for the relevant time period by the Security Deposit Interest Rate Regulation , AR 190/2004 as amended from time to time.

  • Tenant shall deduct the Security Deposit Interest due for each month from the next installment of Base Rent otherwise payable.

  • Tenant shall be entitled to interest ("Security Deposit Interest") on the balance of the Security Deposit held by Landlord (the "Security Deposit Balance") for each month at the T-Xxxx Rate as published in the Wall Street Journal on the last business day of the month.

  • The EMD will be refunded to the unsuccessful tenderers within 30 days after placement of Purchase Order.2.13 Security Deposit:- Interest free Security Deposit @ 10% of the value of Purchase Order shall be payable by successful vendor for satisfactory execution of the Purchase Order.2.14 Performance Bank Guarantee equivalent to 10% of order value shall be submitted by the Vendor for Warranty obligation.2.15 Liquidated Damages: The period of completion indicated shall be the essence of the contract.

  • The EMD of successful bidder shall be converted into Security Deposit (Interest Free), which shall be refunded after completion of ARC period.

  • After amending their complaint, plaintiffs brought three causes of action: Count I for violations of the Security Deposit Interest Act (Security Deposit Act) (765 ILCS 715/0.01 et seq.

  • Observe the activation test of the fire sprinkler control valve tamper switches.

  • For good and valuable consideration received by Assignor, the receipt and sufficiency of which are hereby acknowledged, Assignor hereby assigns to Assignee the entire right, title and interest of Assignor in and to the Leases, the Security Deposits and the Security Deposit Interest as applicable to the period from and after the date hereof.

  • Modify B.M.C. section 13.76.070 (Security Deposit Interest) to make clear that the rate of interest to be used is no longer tied to a rate published by the Federal Reserve Board as this rate has not been published in several years.

Related to Security Deposit Interest

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Excess Interest With respect to each ARD Mortgage Loan, additional interest accrued on such ARD Mortgage Loan after the Anticipated Repayment Date allocable to the difference between the Revised Rate and the Mortgage Rate, plus any compound interest thereon, to the extent permitted by applicable law and the related Loan Documents. The Excess Interest on any ARD Mortgage Loan shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Trust Interest means an account owner's interest in the trust created by a participating trust

  • Transfer Deposit Amount has the meaning given to it in Section 2.02(b).

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Controlled Deposit Amount means, for any Distribution Date with respect to the Controlled Accumulation Period, an amount equal to the sum of the Controlled Accumulation Amount for such Distribution Date and any Deficit Controlled Accumulation Amount for the immediately preceding Distribution Date.

  • Asset Interest is defined in Section 2.1(b).

  • Initial Reserve Account Deposit Amount means an amount equal to $29,411,740.05.

  • Deposit Amount is the amount GLAIC credits to the Accumulation Fund on the Deposit Date as set forth in the Accumulation Fund Schedule.

  • Imposition Deposits are defined in Section 7(a).

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • business interest ’ means —

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Deposit Holder means _________ (state name and location of Deposit Holder) or, if left blank, the Sellers' Bank, which shall hold and release the Deposit in accordance with this Agreement.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Deposit Secured Loan means a loan in which the only collateral securing the loan is Assumed Deposits or deposits at other insured depository institutions

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.