Security and Utility Deposits Sample Clauses

Security and Utility Deposits. At the Closing, Seller shall furnish ----------------------------- Purchaser with a schedule setting forth and certifying, as of the Closing Date, the unapplied and unreturned portion of any security deposits which have been deposited with Seller or its agents by any existing Tenants (the "Security Deposits") and the amount of any deposits on account with any utility company servicing the Property that will continue for the benefit of Purchaser following Closing ("Utility Deposits") (currently $0), and Purchaser shall receive a credit against the Purchase Price payable at Closing in the amount of the Security Deposits, together with all interest, if any, accrued thereon and required to be paid to Tenants. Purchaser shall reimburse Seller at Closing for the amount of the Utility Deposits. To the extent Purchaser receives any Security Deposits, or credit therefor on the closing statement, Purchaser hereby agrees to assume liability for the return of such Security Deposit as required under, and subject to, the terms of the applicable Lease.
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Security and Utility Deposits. At the Closing, Contributor shall furnish the Partnership with a schedule setting forth and certifying, as of the Closing Date, the unapplied and unreturned portion of any security deposits which have been deposited with Contributor (or, following the Drop-Down, the Acquired Partnership) or its agents (or with any predecessor-in-interest thereto) by any Tenants through the Closing Date (the "Security Deposits") and the amount of any deposits on account with any utility company servicing the Mall or Existing Lender that will continue for the benefit of the Acquired Partnership following Closing ("Other Deposits"), and Contributor shall pay to the Partnership at Closing in cash the amount of the Security Deposits, together with all interest, if any, accrued thereon and required to be paid to Tenants or actually paid in accordance with past practices) to Tenants. Contributor shall receive a credit at Closing for the amount of the Other Deposits.
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Security and Utility Deposits. At the Closing, Seller shall furnish Purchaser with a schedule setting forth and certifying, as of the Closing Date, the unapplied and unreturned portion of any security deposits which have been deposited with Seller or its agents (or with any predecessor in interest to Seller with respect to the Property or such predecessor's agents) by any existing Tenants (the "SECURITY DEPOSITS") ($26,487.83 as of February 18, 1997) and the amount of any deposits on account with any utility company servicing the Property that will continue for the benefit of Purchaser following Closing ("UTILITY DEPOSITS") (currently $0), and Purchaser shall receive a credit against the Purchase Price payable at Closing in the amount of the Security Deposits, together with all interest, if any, accrued thereon and required to be paid to Tenants. Purchaser shall reimburse Seller at Closing for the amount of the Utility Deposits.
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Security and Utility Deposits. Security and utility deposit assistance may be provided in conjunction with ongoing HOME TBRA assistance. Security and utility deposits must be provided as a grant to the tenant. Security deposits will be paid to the landlord and may not total more than two months of rent for the unit. Utility deposits will be paid to the utility company based on customary utility deposit charges. Any security or utility deposit remaining after the end of tenancy must be returned to the tenant. Attachment A - HOME MONITORING CHECKLIST, CASE FILE TBRA PROJECT ATTACHMENT B - HOME MONITORING SUMMARY TBRA PROGRAM Attachment C – Client Service Spreadsheet TBRA Agency Month Client Name Tenant Bed Code Security Deposit Ten Cont Subs Amt Tot Rent Ten Utility Payments diff Hisp (Y/N) HH Race HH Size HH Head Enter Date Cont End Date Subsidy Totals $ - $ - $ -
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Security and Utility Deposits. 44 7.5.8 Collection of Rents ................................ 44 7.5.9 Rental/Cash Flow Enhancement ....................... 45 7.6 Insurance ................................................ 45 7.7
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Security and Utility Deposits. At the Closing, Seller shall furnish Purchaser with a schedule setting forth and certifying, as of the Closing Date, the unapplied and unreturned portion of any security deposits which have been deposited with Seller or its agents by any existing Tenants (the "Security Deposits") and the amount of any deposits on account with any utility company servicing the Property that will continue for the benefit of Purchaser following Closing ("Utility Deposits") (currently $0), and Purchaser shall receive a credit against the Purchase Price payable at Closing in the amount of the Security Deposits, together with all interest, if any, accrued thereon and required to be paid to Tenants. Purchaser shall reimburse Seller at Closing for the amount of the Utility Deposits.
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Security and Utility Deposits. At the Closing, Sellers shall furnish Purchaser with a schedule setting forth and certifying, as of the Closing Date, the unapplied and unreturned portion of any security deposits which have been deposited with Sellers or their agents by any existing Tenants (the “Security Deposits”) and the amount of any deposits on account with any utility company servicing the Property that will continue for the benefit of Purchaser following Closing (“Utility Deposits”) and the amount of any deposits on account with any Party to an Assumed Contract (“Contract Deposits"). Purchaser shall receive a credit against the Purchase Price payable at Closing in the amount of the Security Deposits, together with all interest, if any, accrued thereon and required to be paid to Tenants. Purchaser shall reimburse Seller at Closing for the amount of the Utility Deposits and Contract Deposits. Notwithstanding the foregoing, the Parties agree that in the event any Party holding any such Utility Deposit or Contract Deposit refunds such deposits directly to Seller, such deposit shall remain the property of Seller and Purchaser agrees to make any replacement Utility Deposits or Contract Deposits as may be required in connection with establishing the utility or other service provided by such Parties.
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Security and Utility Deposits. 28 5.9 Collection of Rents ............................ 28 5.10
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Security and Utility Deposits. At the Closing, Contributor shall furnish the Partnership with a schedule setting forth and certifying, as of the Closing Date, the unapplied and unreturned portion of any security deposits which have been deposited with Contributor or its agents (or with any predecessor- in-interest to Contributor or any such agent) by any Tenants through the Closing Date (the "Security Deposits") and the amount of any deposits on account with any utility company servicing the Mall or Existing Lender that will continue for the benefit of the Partnership following Closing ("Other Deposits"), and Contributor shall retain but provide a credit to the Partnership at Closing for the amount of the Security Deposits (together with all interest, if any, accrued thereon and required to be paid to Tenants or actually paid in accordance with past practices to Tenants). Contributor shall receive a credit at Closing for the amount of the Other Deposits.
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Related to Security and Utility Deposits

  • Utility Deposits Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

  • Tenant Security Deposits All unapplied tenant security deposits (and interest thereon if required by law or contract to be earned thereon) under the Leases, shall be credited to Buyer at Closing.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Security Deposit Upon execution of this Lease, Tenant shall deposit with Landlord the amount of the Security Deposit specified on [Page One], of this Lease. The Security Deposit will be returned to Tenant without interest upon the expiration of the Term of the Lease, provided that Xxxxxx has paid all amounts due under this Lease and has otherwise performed all obligations hereunder. In the event that Tenant defaults under any provision of this Lease, and after the expiration of any applicable cure period, Landlord may apply all, or any part of the Security Deposit to amounts owed by Tenant. In the event Landlord elects to apply the Security Deposit as provided for above, Tenant shall promptly restore such Security Deposit to the original amount. Landlord may, at its discretion, commingle such funds with its other funds, Upon any sale or other conveyance of the Building, Landlord may transfer the Security Deposit (or any amount of the Security Deposit remaining) to a successor/owner, and Xxxxxx agrees to look solely at the successor/owner for repayment of the same. Notwithstanding anything to the contrary in the paragraph above, in lieu of a cash Security Deposit, Tenant may deliver the Security Deposit in the form of an unconditional, clean, irrevocable standby letter of credit, in a form acceptable to Landlord, and issued by a bank reasonably acceptable to Landlord (the “Letter of Credit”) as security, provided the Letter of Credit shall be delivered to Landlord with executed copies of this Lease. The Letter of Credit shall (i) be unconditional, irrevocable, transferable, payable to Tenant upon presentment of original to the issuer in person or by courier, in partial or full draws, and (ii) contain an “evergreen” provision which provides that it is automatically renewed on an annual basis (subject to the permitted date of termination set forth below) unless the issuer delivers thirty (30) days’ prior written notice of cancellation to Landlord and Tenant. Without limiting any of Landlord’s rights or remedies hereunder, if the bank issuing the Letter of Credit provides Landlord with a cancellation notice, Landlord may immediately draw upon all or any part of the Letter of Credit and Tenant shall provide Landlord with an additional irrevocable stand-by letter of credit as provided below. Any and all fees or costs charged by the issuer in connection with the Letter of Credit shall be paid by Xxxxxx. The irrevocable stand-by Letter of Credit shall remain effective through the date that is sixty (60) days following the expiration date this Lease. If Tenant defaults with respect to any provision of this Lease beyond applicable notice and cure periods, including but not limited to the provisions relating to the payment of Rent, Landlord may draw upon all or any part of Tenant’s Letter of Credit. If any portion of the Security Deposit is so used, applied, or retained, Tenant will within ten (10) days after written demand from Landlord, provide to Landlord an additional irrevocable, stand-by letter of credit, which shall be in form and substance satisfactory to Landlord, issued by a bank reasonably acceptable to Landlord, in an amount sufficient to restore the Security Deposit to its required amount pursuant to this Section 8. Tenant’s failure to replenish the Security Deposit shall constitute a failure to pay Additional Rent and Tenant shall have ten (10) days from the date of notice to cure such default.

  • Rent and Security Deposit (if applicable). Renter will pay the Town a rental fee of $ at the signing of this Rental Agreement. Renter will also pay the Town a security deposit of $ at the signing of this Rental Agreement.

  • Utility Bills Copies of all utility bills (gas, electric, water and sewer) relating to the Property for the immediately prior twelve (12) month period.

  • BASE RENT AND SECURITY DEPOSIT (a) Tenant agrees to pay during each month of the Lease Term as Base Rent (“Base Rent”) for the Premises the sums shown for such periods in Item 5 of the Basic Lease Provisions.

  • Location of Real Property and Leased Premises (a) Schedule 3.20(a) lists completely and correctly as of the Closing Date all real property owned by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries own in fee all the real property set forth on Schedule 3.20(a).

  • Tenant Deposits All tenant and licensee security deposits collected and not applied by Seller (and interest thereon if required by law or contract) shall be transferred or credited to Purchaser at Closing. As of the Closing, Purchaser shall assume Seller’s obligations related to tenant and licensee security deposits, but only to the extent they are credited or transferred to Purchaser.

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