Tenant Deposits definition

Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other refundable deposits and fees collected from Tenants, plus any interest accrued thereon, paid by Tenants to Seller pursuant to the Leases. Tenant Deposits shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.
Tenant Deposits shall also include all non-cash security deposits, such as letters of credit.
Tenant Deposits means all security deposits, paid or deposited by the Tenants to Seller, as landlord, or any other person on Seller's behalf pursuant to the Tenant Leases (including letters of credit posted as security for a Tenant’s performance under its lease), which have not been applied to obligations under Tenant Leases (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the respective Tenants).

Examples of Tenant Deposits in a sentence

  • We confirm and you understand that client monies, including: Rent, float, tax deductions and Tenant Deposits will be held in and/or pass through a client account(s) with any interest that accrues being retained by us to offset our costs in relation to handling client monies.

  • Commercial and Residential Tenant Deposits shall not be returned until the account is closed and all money due and owing to the Authority on the account, or otherwise from such party, has been paid.

  • Immediately following Closing, Purchaser will deliver to each Tenant a written notice executed by Purchaser and the applicable Seller (i) acknowledging the sale of the Property to Purchaser, (ii) acknowledging that Purchaser has received and is responsible for the Tenant Deposits (specifying the exact amount of the Tenant Deposits) and (iii) indicating that rent should thereafter be paid to Purchaser and giving instructions therefor (the “Tenant Notice Letters”).

  • Immediately following Closing, Purchaser will deliver to each Tenant a written notice executed by Purchaser and Seller (i) acknowledging the sale of the Property to Purchaser, (ii) acknowledging that Purchaser has received and is responsible for the Tenant Deposits (specifying the exact amount of the Tenant Deposits) and (iii) indicating that rent should thereafter be paid to Purchaser and giving instructions therefor (the “Tenant Notice Letters”).

  • Seller will be entitled to retain as its property its percentage of any interest accrued on any Tenant Deposits prior to Closing except to the extent such interest is required to be paid to any Tenants pursuant to their respective Leases or the depositing contractor.


More Definitions of Tenant Deposits

Tenant Deposits means all security deposits plus any interest accrued thereon, paid by Tenants to the applicable Property Owner relating to a Property.
Tenant Deposits means all advance rents and security deposits (whether cash or non-cash) paid or deposited by a Tenant to Seller or any owner of a Property, as landlord, or to any other person on Seller's or such owner'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.)
Tenant Deposits means all pre-paid rentals and other securities and other deposits paid by the tenants under the Tenant Leases.
Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other deposits, plus any interest accrued thereon, paid by Tenants to Seller or any other person relative to the Project.
Tenant Deposits means any security deposits or other security or deposits posted or placed by the Tenants under the Leases;
Tenant Deposits means deposits made by the Parent or any of its Subsidiaries with landlords under Master Leases to secure the performance of the Parent or any of its Subsidiaries under such Master Leases.