Security Tenant definition

Security Tenant a person retained by the Employer for purposes outlined in Appendix A of the Agreement. The only terms and conditions of the Agreement that apply to Security Tenants shall be as outlined in Appendix A, Memorandum of Understanding, which forms part of the Collective Agreement.
View Source
Security Tenant a person retained by a Local Housing Authority for purposes outlined in Appendix B of the agreement. The only terms and conditions of the agreement that apply to Security Tenants shall be as outlined in ▇▇▇▇▇- ▇▇▇ Memorandum of Understanding, which forms part of the Collective Agreement.
View Source
Security Tenant has given security to Landlord in the amount stated above. The security has been deposited in the Bank named above and delivery of this Lease is notice of the deposit. If the Bank is not named, Landlord will notify Tenant of the Bank's name and address in which the security is deposited. If Tenant does not pay rent or added rent on time, Landlord may use the security to pay for rent and added rent then due. If Tenant fails to timely perform any other term in this Lease, Landlord may use the security for payment of money Landlord may spend, or damages Landlord suffers because of Tenant's failure. If the Landlord uses the security Tenant, shall, upon notice from Landlord, send to Landlord an amount equal to the sum used by Landlord. That amount is due, when billed, as rent. At all times Landlord is to have the amount of security stated above. If Tenant fully performs all terms of this Lease, pays rent on time and leaves the Apartment in good condition on the last day of the Term, then Landlord will return the security being held. If Landlord sells or leases the Building, Landlord may give the security to the buyer or lessee. In that event Tenant will look only to the buyer or lessee for the return of the security and Landlord will be deemed released. The Landlord may use the security as stated in this section. Landlord may put the security in any place permitted by law. Tenant's security will bear interest only if required by law. Landlord will give Tenant the interest when Landlord is required to return the security to Tenant. Any interest returned to Tenant will be less the sum Landlord is allowed to keep for expenses. Landlord need not give Tenant interest on the security if Tenant is in default.
View Source

Examples of Security Tenant in a sentence

  • If the Port uses any part of the Security, Tenant shall restore the Security to its then-currently required amount within fifteen (15) days after the receipt of the Port’s written request to do so.

  • If Landlord uses, applies, or retains all or any portion of the Security, Tenant shall immediately restore the Security to its original amount.

  • If Landlord so uses, applies or retains all or part of the Security, Tenant shall within five (5) business days after demand pay or deliver to Landlord in immediately available funds the sum necessary to replace the amount used, applied or retained, except as specified in (d) below.

  • If Landlord so uses, applies or retains all or part of the Security, Tenant shall within five (5) business days after demand pay or deliver to Landlord in immediately available funds the sum necessary to replace the amount used, applied or retained.

  • If Landlord uses all or any part of the Security, Tenant shall, within fifteen (15) days following Landlord’s notice, deposit with Landlord an amount sufficient to restore the full amount of the Security.

  • If Landlord uses, or applies or retains all or any portion of the Security, Tenant shall restore the Security to its original amount within five (5) days after written demand from Landlord.

  • In the event Landlord or Agent shall so apply the Security, Tenant shall, upon demand, immediately deposit with Landlord or Agent a sum equal to the amount so used.

  • If the Landlord uses any part of the Security, Tenant shall restore the Security to its then-currently required amount within fifteen (15) days after the receipt of the Landlord’s written request to do so.

  • If Landlord so uses, applies or retains all or part of the Security, Tenant shall within ten (10) business days after demand pay or deliver to Landlord in immediately available funds the sum necessary to replace the amount used, applied or retained, except as specified in (d) below.

  • If Landlord so uses, applies or retains all or part of the Security, Tenant shall within five (5) business days after demand pay or deliver to Landlord in immediately available funds the sum necessary to replace the amount used, applied or retained, except as specified in (c) below.

Related to Security Tenant

  • Mortgagee means the mortgagee, grantee or beneficiary under any Mortgage, any holder of legal title to any portion of any Mortgage Loan or, if applicable, any agent or servicer on behalf of such party.

  • Security Tests means conduct tests of the processes and countermeasures contained in the Security Plan.

  • Lessor s residual interest" means the lessor's interest in the goods after expiration, termination, or cancellation of the lease contract.

  • the Landlord means the party named on the first page of this Agreement and any successor and any person who has an interest as heritable proprietor in The Property, even if not named in this Agreement. The Landlord agrees to inform The Agent, in writing, of any changes to ownership of The Property, contact telephone numbers, postal or e-mail addresses as soon as possible and in any event within 7 days of the change.

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such