Security Deposit Interest definition

Security Deposit Interest means interest payable by Landlord upon the Security Deposit as described in Section 8.
View Source
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.
View Source
Security Deposit Interest shall have the meaning set forth in Paragraph 32(a).
View Source

Examples of Security Deposit Interest in a sentence

  • 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-▇▇▇▇ Rate as published in the Wall Street Journal on the last business day of the month.

  • The amount of interest the landlord is required to pay is defined by the Security Deposit Interest Regulations available on the webpage identified below.

  • 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.

  • The Security Deposit Interest and Security Deposit Administration Fee shall be prorated accordingly with respect to any partial calendar quarter occurring during the Term.

  • In accordance with Section 5-12-170 of the Residential Landlord and Tenants Ordinance, I/ We acknowledge receiving a legible copy of the summary of the Residential Landlord and Tenant Ordinance and the Security Deposit Interest Summary, if applicable.

  • All of the foregoing expressly excludes (a) all property owned by tenants or other users or occupants of the Property except to the extent that any Security Deposits and/or Security Deposit Interest are deemed to be "owned" by a tenant under applicable law and (b) any refund of taxes applicable to the period prior to the Closing Date except as may otherwise be provided in Section 4(c) below.

  • The San Francisco Security Deposit Interest law does not provide for any penalties for the late payment of security deposit interest, other than the amount of past-due interest.

  • Illinois Security Deposit Interest sympathy and Security Deposit Return Act.

  • Assignee hereby assumes all of the covenants, agreements and obligations of Assignor under or in connection with the Leases as applicable to the period from and after the date hereof, and Assignee further assumes all liability of Assignor for the proper refund or return of the Security Deposits and the Security Deposit Interest if, when and as required by the Leases or otherwise by law.