Tenant Deposit definition

Tenant Deposit is any security deposit, cleaning deposit, prepaid rent deposit, or other sum advanced by a Tenant under terms that may require repayment by Owner or application against a future liability of such Tenant.

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Tenant Deposit means all advance rents and security deposits (whether cash or non-cash, including without limitation letters of credit) paid or deposited by the Tenants to Seller, as landlord, or any other person on Seller’s behalf pursuant to the Leases and not applied in accordance with the terms of the applicable Lease (together with any interest which has accrued thereon as required by the terms of such Lease, but only to the extent such interest has accrued for the account of the respective Tenants or as required by law).

Tenant Deposit means all refundable deposits (whether cash or non-cash and whether designated as security or otherwise) paid or deposited by a Tenant to Seller, as landlord, or any other person on Seller’s behalf pursuant to a Lease (together with any interest which has accrued thereon as required by the terms of such Lease, but only to the extent such interest has accrued for the account of the respective Tenant or as required by law).

Examples of Tenant Deposit in a sentence

Such account shall be in the name of the Agent for the benefit of Owner and designated of record as "“PROJECT NAME” Tenant Deposit Account." The amount of each Tenant Deposit shall be held by Agent in an account, separate from all other accounts and funds.
The Tenant Deposit shall not earn interest during the time it is on deposit with Landlord.
Owner authorizes Agent as attorney-in-fact for Owner to enter into and execute Leases and rental agreements with respect to the Project on forms approved by Owner, to collect rents and other funds due Owner in Agent's name on Owner's behalf, and to establish and make deposits into and withdrawals from the Tenant Deposit Account and the Operating Account in accordance with the terms of this Agreement.
Monthly during the construction of the Tenant’s Work, Landlord shall disburse to Tenant, or at Landlord’s option directly to Tenant’s contractors or materialmen, a portion of the Construction Allowance and a portion of the Tenant Deposit (in the ratios which the Construction Allowance and the Tenant Deposit bear to each other) to pay 90% of all hard and soft costs of construction incurred during such month in connection with the Tenant’s Work.
Upon completion of the Tenant Improvements and acceptance of the same by Tenant, and upon the receipt by Landlord of final unconditional lien releases from all contractors, subcontractors and materialmen, any amounts remaining of the Tenant Deposit shall be returned to Tenant by Landlord.

More Definitions of Tenant Deposit

Tenant Deposit means any security deposit, cleaning deposit, prepaid rent deposit, or other sum advanced by a Tenant under terms that may require repayment by Owner or application against a future liability of such Tenant.

Tenant Deposit means each security deposit and other deposit made with respect to a Space Lease.

Tenant Deposit means all advance rents and security deposits (whether cash or non-cash) paid or deposited by the Tenants to Seller, as landlord, or any other person on Seller’s behalf pursuant to the Leases (together with any interest which has accrued thereon as required by the terms of such Lease, but only to the extent such interest has accrued for the account of the respective Tenants or as required by law).

Tenant Deposit is the amount by which the estimated cost to complete the Tenant Improvements exceeds the Tenant Improvement Allowance. Tenant shall deposit the Tenant Deposit with Landlord in cash prior to the commencement of construction. If and to the extent that the estimated cost to complete the Tenant Improvements changes, the amount of the Tenant Deposit shall be appropriately adjusted.

Tenant Deposit means each deposit to the Tenant Project Cost Account equal to the amount then required for the payment of Project Costs as set forth in Section 3.5 herein.

Tenant Deposit means the Letter of Credit deposited with Seller, as landlord, or any other person on Seller's behalf, by the Tenant as the security deposit under the Tenant Lease Seller will produce the original Letter of Credit at Closing and return the original Letter of Credit to Tenant in connection with the Lease Surrender, unless Seller has to draw on the Letter of Credit prior to Closing for Tenant's failure to pay amounts due under the Tenant Lease.

Tenant Deposit means any sum of money which is con- ditionally or unconditionally refundable to the payer at some future time paid by or on behalf of a tenant to a Fund Participant;