Common use of Additional Security Deposit Clause in Contracts

Additional Security Deposit. Tenant shall deposit with Landlord, upon delivery to Landlord of a copy of this First Amendment executed by Tenant, the amount of Fifteen Thousand Three Hundred Ninety Nine and 70/100 Dollars ($15,399.70) (the “Additional Security Deposit”), to be held, applied and/or released by Landlord in accordance with the terms of Article 7 of the Lease.

Appears in 2 contracts

Samples: Office Building Lease (Cirius Therapeutics, Inc.), Office Building Lease (Cirius Therapeutics, Inc.)

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Additional Security Deposit. Concurrently with the execution of this Amendment, Tenant shall deposit with LandlordLandlord the sum of Ten Thousand Dollars ($10,000.00), upon delivery to Landlord of a copy of this First Amendment executed by Tenant, thereby increasing the amount of Fifteen the Security Deposit referred to in the Basic Lease Information of the Lease to the sum of Thirty-One Thousand Three Hundred Ninety Nine and 70/100 Fifteen Dollars ($15,399.70) (the “Additional Security Deposit”31,315.00), to be held, applied and/or released by Landlord in accordance with the terms of Article 7 of the Lease.

Appears in 1 contract

Samples: Lease (Vitalcom Inc)

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Additional Security Deposit. Tenant shall deposit Concurrently with Landlord, upon Tenant’s execution and delivery to Landlord of a copy of this First Amendment executed by TenantAmendment, Tenant shall tender the amount sum of Fifteen Thousand Three Hundred Ninety Nine and 70/100 Dollars ($15,399.70) 100,000.00 (the “Additional Security Deposit”), which amount Landlord shall add to be heldthe security deposit already held by Landlord, applied and/or released by so that Landlord in accordance with the terms shall then hold a total of Article 7 $120, 508.46 as a security deposit on behalf of the LeaseTenant.

Appears in 1 contract

Samples: Office Lease (Cytrx Corp)

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