Increase in security deposit. If you are a business customer, we may request that you increase the amount of your security deposit in the circumstances provided for in the Electricity Industry Code.
Increase in security deposit. We may request that you increase the amount of your security deposit if reasonably required by us.
Increase in security deposit. Despite clause 11.2(b), we may request or increase an existing security deposit at any time, to ensure the security deposit held is sufficient to secure your current customer connection services usage taking into account the limits on security deposits under clause 11.2(b) as calculated using the average of your last three bills.
Increase in security deposit. Within ten (10) days after the full execution and delivery of this First Amendment, Tenant shall deposit with Landlord Twenty-Five Thousand and 00/100 Dollars ($25,000.00), which amount shall be added to the Security Deposit of Fifty Thousand and 00/100 Dollars ($50,000.00) currently deposited with and held by Landlord. Upon the deposit of such amount with Landlord, the Security Deposit under Section 1.14 of the original Lease shall be Seventy-Five Thousand and 00/100 Dollars ($75,000.00).
Increase in security deposit. Landlord is currently holding a Security Deposit in the amount of Twelve Thousand Three Hundred Forty-Seven and 50/100 Dollars ($12,347.50) under Article 21 of the Lease as security for Tenant’s obligations relating to the Lease. The Security Deposit shall be increased to Eighty-Five Thousand Dollars ($85,000.00) (the “Increased Security Deposit Amount”) and within ten (10) business days of date of this Amendment, Tenant shall provide additional funds in order to increase the cash Security Deposit to the Increased Security Deposit Amount. At Tenant’s option, Tenant shall deliver to Landlord a clean, unconditional, irrevocable letter of credit (the “Letter of Credit”) in lieu of the cash in the amount of the Increased Security Deposit Amount and upon receipt of the Letter of Credit, Landlord shall return any cash Security Deposit then held under the Lease. After Tenant makes its initial election to provide cash or the Letter of Credit in the Increased Security Deposit Amount, Tenant shall have no further right to change the form of security provided for in this Section 13. The Letter of Credit shall be: (a) in form and substance satisfactory to Landlord in its reasonable discretion (with the following criteria at a minimum); (b) at all times in the stated face amount of not less than the Increased Security Deposit Amount, and shall on its face state that multiple and partial draws are permitted; (c) issued by a commercial bank acceptable to Landlord from time to time; (d) expressly transferable and assignable one or more times at no charge to Landlord; (e) payable at sight upon presentment of a sight draft stating only that Landlord is permitted to draw on the Letter of Credit under the terms of the Lease and setting forth the amount that Landlord is drawing, which drawing shall also be permitted via facsimile or email; (f) of a term not less than one year, and shall on its face state that the same shall be renewed automatically, without the need for any further written notice or amendment, for successive minimum one year periods, unless the issuer notifies Landlord in writing, at least thirty (30) days prior to the expiration date thereof, that such issuer has elected not to renew the Letter of Credit (which will thereafter entitle Landlord to draw on the Letter of Credit); and (g) at least thirty (30) days prior to the then current expiration date of such Letter of Credit, either (1) renewed (or automatically and unconditionally extended) from time to tim...
Increase in security deposit. The amount of the Security Deposit under the Lease is hereby increased from $30,877.78 to $73,547.98. Contemporaneously with Tenant’s execution and delivery of this Amendment to Landlord, Tenant shall deliver to Landlord an amount equal to the difference between the Security Deposit currently on hand with Landlord and such increased amount of the Security Deposit.
Increase in security deposit. Article Thirty-Eighth of the Original Lease as amended prior to the date hereof is hereby further amended to reflect that effective as of the date hereof, the security deposit under the Lease shall be increased by the sum of $88,594.33. Concurrently herewith, Tenant has delivered to Landlord the sum of $88,594.33 so as to increase the security deposit pursuant to the preceding sentence. From and after the Effective Date, the security deposit (as increased hereby) shall continue to be maintained by Landlord pursuant to Article Thirty-Eighth of the Original Lease as amended prior to the date hereof and as further amended hereby.
Increase in security deposit. Tenant shall deposit with Landlord on the date hereof the amount of $448,898.00 in cash (the “Additional Security Deposit”) as additional security for the faithful performance and observance by Tenant of the terms, conditions and provisions of the Lease, including and without limitation, the surrender of possession of the Premises to Landlord as provided therein. The Additional Security Deposit shall be added to and held as part of the Security Deposit subject to and in accordance with the provisions of Article 32 of the Lease.
Increase in security deposit. Notwithstanding Section 1.01(14) or any other provision of the Existing Lease, from and after the Execution Date the Security Deposit shall be cash in the amount of Fifty-Nine Thousand Nine Hundred Fifty-One Dollars and Eighty Cents ($59,951.80). On or prior to the Execution Date, Tenant shall pay Landlord the amount required to increase the Security Deposit then to Tenant’s credit under the Existing Lease to equal such higher required amount. Landlord acknowledges that it currently holds a cash Security Deposit under the terms of the Existing Lease in the amount of Twenty-Six Thousand Dollars ($26,000). Provided that a Default by Tenant does not then exist, Landlord agrees that upon not less than ten (10) business days’ prior notice from Tenant at any time after the second anniversary of the Third Extension Commencement Date, Landlord shall apply a portion of the Security Deposit toward the next due installment of Monthly Base Rent and Rent Adjustment Deposit under the Lease; provided, however, that in no event shall the amount of the Security Deposit be reduced below Forty-Four Thousand Nine Hundred Sixty-Three Dollars and Eighty-Five Cents ($44,963.85).
Increase in security deposit. The parties agree that upon execution and delivery of this Second Amendment, Tenant shall pay to Landlord the amount of $25,896.79 as an additional Security Deposit, for a total Security Deposit of $45,000.00, which shall be held by Landlord pursuant to the terms of the Lease, as amended herein. The Security Deposit (less any application of the Security Deposit to Tenant defaults under the terms of the Lease) shall be returned to Tenant within sixty (60) days following the termination of the Lease and the delivery of possession of the Premises from Tenant to Landlord.
