Security Deposit Replenishment definition

Security Deposit Replenishment means the amounts paid or payable in respect of Section 3.02.B(7) to the replenishment of the Security Deposit to the original amount of Sixty-Four Million Seven Hundred Thousand Dollars ($64,700,000), as such amount may be adjusted from time to time pursuant to the Security Deposit Agreement.
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Security Deposit Replenishment means the amounts paid or payable in respect of Section 3.02.B(4) to the replenishment of any Security Deposit Advances with respect to a Hotel to replenish the Security Deposit for such Hotel.
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Examples of Security Deposit Replenishment in a sentence

  • Calculations and payments of any Base Management Fees or Reimburseable Advances payable pursuant to Sections 3.02.B(3), (4) and (5) hereof and the Security Deposit Replenishment shall be accounted for cumulatively within a Fiscal Year, and shall be cumulative from one Fiscal Year to the next.

  • Seventh, to Tenant, in an amount up to sixty percent (60%) of Operating Profit remaining after deducting amounts paid or payable in respect of Sections 3.02.B(1) through (6) hereof necessary for the Security Deposit Replenishment with respect to such Hotel.

  • Calculations and payments of Reimbursable Advances and the Security Deposit Replenishment shall be accounted for cumulatively within a Portfolio Fiscal Year, and shall be cumulative from one Portfolio Fiscal Year to the next.

  • Calculations and payments of Aggregate Base Management Fees, Reimbursable Advances and the Security Deposit Replenishment shall be accounted for cumulatively within a Portfolio Fiscal Year, and shall be cumulative from one Portfolio Fiscal Year to the next.

  • Seventh, to the Tenants, in an amount up to sixty percent (60%) of Aggregate Operating Profit remaining after deducting amounts paid or payable in respect of Sections 2.02.A(1) through (6) hereof necessary for the Security Deposit Replenishment.

  • Seventh, to Tenant, in an amount up to sixty percent (60%) of Operating Profit remaining after deducting amounts paid or payable in respect of Sections 3.02.B(1) through (6) hereof necessary for the Security Deposit Replenishment with respect to the Hotel.

  • Calculations and payments of Reimbursable Advances and the Security Deposit Replenishment shall be accounted for cumulatively within a Fiscal Year, and shall be cumulative from one Fiscal Year to the next.

  • Fourth, to Tenant, in an amount necessary for the Security Deposit Replenishment with respect to such Hotel.