The Security Deposit definition

The Security Deposit means that identified in the Particulars and referred to in the Standard Conditions
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The Security Deposit means any sum collected from the Tenant at the start of the
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The Security Deposit in the amount of $36,375.00 shall be held and disposed of as provided in Section 4.4. The Security Deposit is being delivered to Landlordin the form of a Letter of Credit in the amount of the Security Deposit and the term “Security Deposit” includes, without limitation, the unapplied proceeds of any Letter of Credit delivered to Landlord from time to time pursuant to Section 4.4. The Letter of Credit shall be a standby irrevocable letter of credit, payable on sight, which shall have an expiration date no earlier than October 31, 2020 and shall be issued by a bank and be upon such form as are satisfactory to Landlord in all respects.
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Examples of The Security Deposit in a sentence

  • Landlord may deliver the Security Deposit to any purchaser or successor of Xxxxxxxx’s interest in this Lease or to the Premises, and thereafter Landlord will be discharged from any further liability with respect to the Security Deposit.

  • Any extra cost incurred in the procurement of the material from alternative source will be recovered from the Security Deposit / Bank Guarantee and Pending Bills of the existing firm and if the value of the materials under risk purchase exceeds, the amount of Security Deposit and / or Bank Guarantee and Pending Bills, then same may be recovered if necessary by due legal process.

  • In addition to any other rights available to Landlord hereunder, the Security Deposit shall be forfeited if Tenant fails to occupy the Premises and conduct business therein for the full Term of this Lease, or if this Lease should for any reason whatsoever be terminated prior to the Expiration Date of the Term or any renewal thereof.

  • Landlord shall not be required to pay Tenant interest on the Security Deposit.

  • If the concession/license has been terminated within 50% of the license period or the party has not served the requisite notice of 60 days, for surrender of license/concession after completion of 50% licence period, then the Security Deposit equivalent to current license fee/MMG shall be forfeited as demurrage charges, as per the details below: S.

  • Tenant shall not be entitled to any interest on the Security Deposit.

  • Landlord will hold the Security Deposit, and at Landlord’s option may commingle the Security Deposit with other funds.

  • Tenant and Landlord acknowledge and agree that their rights and remedies with respect to the Security Deposit shall be as provided in this Lease, and each of Landlord and Tenant hereby waive Section 1950.7 of the California Civil Code and any and all other similar statutes now existing or hereafter enacted.

  • Landlord may apply the Security Deposit or any part thereof to compensate Landlord for any damage, loss, cost or expense incurred due to such default and, within ten (10) days of demand by Landlord, Tenant shall restore the Security Deposit to the original sum deposited.

  • Lessee shall deposit with Lessor upon execution hereof the Security Deposit as security for Xxxxxx's faithful performance of its obligations under this Lease.


More Definitions of The Security Deposit

The Security Deposit means the sum of L.48,420
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The Security Deposit has been deposited with the Landlord as security for the faithful performance by the Tenant of all the terms, covenants, and conditions of this Lease. The Security Deposit is to be credited to the first month’s Annual Basic Rent payable under this Lease (including applicable GST), with the balance to be held as the Security Deposit on the terms contained herein. If the Tenant fails to pay Rent or otherwise defaults with respect to any provision of this Lease, the Landlord may use, apply, or retain all or any portion of the Security Deposit towards the payment of any Rent in default, or for the payment of any other expense the Landlord may incur by reason of the Tenant’s default, or to compensate the Landlord for any loss or damage the Landlord may suffer without prejudice to any of the Landlord’s legal rights to claim further damages or compensation from the Tenant. If the Landlord so uses or applies all or any portion of the remaining Security Deposit, the Tenant will within 10 days of the demand deposit cash with the Landlord in an amount sufficient to restore the Security Deposit to the full amount remaining after credit to the first month’s Annual Basic Rent. The Landlord will not be required to keep the Security Deposit separate from its general accounts. If the Tenant performs all of the Tenant’s obligations, the Security Deposit, or so much of it as has not before been applied by the Landlord, will be returned, without payment of interest or other increment for its use, to the Tenant within sixty (60) days after the expiration of the Term, and provided that the Tenant has vacated the Premises. No trust relationship is created herein between the Landlord and the Tenant with respect to the Security Deposit.
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Related to The Security Deposit

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Security Deed means the security deed dated on or about the Series Issue Date of the ETC Securities entered into as a deed by the Issuer, the Trustee and any other parties thereto by the execution of the Issue Deed and in the form of the Master Security Terms (as amended and/or supplemented by the Issue Deed) and as such Security Deed is amended, supplemented, novated or replaced from time to time.

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Late Charge shall have the meaning set forth in Section 13.09 hereof.

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Security Instrument means the multifamily mortgage, deed to secure debt or deed of trust effective as of the effective date of this Note, from Borrower to or for the benefit of Lender and securing this Note.