Security Deposit Required definition
Examples of Security Deposit Required in a sentence
The Renter agrees to provide payment of rental fees in full, calculated as follows: Base Rental (including hours of cleaning services) $ SOCAN Fees $ ------- Security Deposit Required (refundable in accordance with agreement terms) $ Refund of the security deposit will take place if no damage or excessive maintenance costs are incurred as a result of the facility rental.
If the Asset is subject to an Asset Operating Lease, the Borrower or an Affiliate of the Borrower shall have caused (or shall cause on such Drawdown Date) the Initial Security Deposit Required Amount for the relevant Asset (if any) to be deposited into the Security Deposit Reserve Account.