Definition of Tenant Security Deposit


Tenant Security Deposit means any security deposit held by Seller with respect to a Tenant Lease.

Examples of Tenant Security Deposit in a sentence

The Tenant Security Deposit Balance shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.
Any cash (or cash equivalents) held by Seller which constitutes the Tenant Security Deposit Balance shall be retained by Seller in exchange for the foregoing credit against the Purchase Price and shall not be transferred by Seller pursuant to this Contract (or any of the documents delivered at Closing), but the obligation with respect to the Tenant Security Deposit Balance nonetheless shall be assumed by Purchaser.
Tenant has deposited with Landlord a cash deposit in the amount of the sum set forth in the Basic Provisions as security for the full and faithful performance of every provision of this Lease to be performed by Tenant ("Security Deposit").
Any cash (or cash equivalents) held by a Seller which constitutes the Tenant Security Deposit Balance shall be retained by the applicable Seller in exchange for the foregoing credit against the applicable Purchase Price and shall not be transferred by such Seller pursuant to this Contract (or any of the documents delivered at Closing), but the obligation with respect to the Tenant Security Deposit Balance nonetheless shall be assumed by Purchaser.
Said Security Deposit shall not be applied as Rent by Landlord or Tenant except however, upon termination or upon default of this Lease, Landlord will retain from Tenant Security Deposit in the sum of $250 per suite, which the parties agree in advance as a reasonable amount, to clean, paint and patch suite to its original condition.