Sublease Security Deposit definition

Sublease Security Deposit means an amount equal to Sublease Basic Monthly Rent for the final calendar month of the initial period constituting the Sublease Term ($28,593.23), which amount is subject to adjustment as set forth in the definition of “Subleased Premises”.
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Sublease Security Deposit means $74,905.00.
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Sublease Security Deposit is defined in section 7.13 of this Sublease.
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Examples of Sublease Security Deposit in a sentence

  • Upon execution of this Sublease, Subtenant shall deliver to Sublandlord the sum of One Hundred Sixty-One Thousand Four Hundred and No/100 Dollars ($161,400.00) as security for the performance of Subtenant's obligations under this Sublease ("Security Deposit").

  • Landlord may intermingle the Sublease Security Deposit with Landlord’s own funds, and shall not be deemed to be a trustee of the Sublease Security Deposit.

  • The Sublease Security Deposit shall be returned (without interest) to Subtenant (or, at Landlord’s option, to the last assignee of Subtenant’s interest under this Sublease) after the expiration of the Sublease Term or sooner termination of this Sublease and delivery of possession of the Subleased Premises to Sublandlord in accordance with Paragraph 17 of the Lease if, at such time, Subtenant is not in default under this Sublease.

  • The Sublease Security Deposit shall be held in an interest bearing account separate from Oread's general fund.

  • If a Default shall occur with respect to any provision of this Sublease, including, without limitation, any provisions relating to the payment of Sublease Annual Rent or any installment thereof, Oread may (but shall not be required to) use, apply or retain all or any part of the Sublease Security Deposit for the payment of any Sublease Annual Rent or any other sum in Default, or to compensate Oread for any other loss or damage which Oread may suffer by reason of Subtenant's default.

  • Landlord may withhold the Sublease Security Deposit after the expiration of the Sublease Term or sooner termination of this Sublease until Subtenant has paid in full Subtenant’s share of Operating Expenses for the year in which such expiration or sooner termination occurs (as provided in Paragraph 7 of this Sublease) and all other amounts payable under this Sublease.

  • If any portion of the Sublease Security Deposit is so used or applied, Subtenant shall, upon demand therefor, deposit cash with Oread in an amount sufficient to restore the Sublease Security Deposit to its original amount, and Subtenant's failure to do so shall be a material breach of this Sublease.

  • On the date of this Sublease, Subtenant shall deposit directly with Landlord the Sublease Security Deposit as security for the faithful performance by Subtenant under this Sublease.

  • If Landlord’s interest in this Sublease is conveyed, transferred or assigned, Landlord shall transfer or credit the Sublease Security Deposit to Landlord’s successor in interest, and Landlord shall be released from any liability for the return of the Sublease Security Deposit, provided that such successor assumes Landlord’s obligations in connection with this Sublease.

  • The Sublease Security Deposit is not a limitation on Sublandlord’s or Landlord’s damages or other rights under this Sublease, a payment of liquidated damages or prepaid rent and shall not be applied by Subtenant to the rent for the last (or any) month of the Sublease Term, or to any other amount due under this Sublease.