Common use of Adjustment to Security Deposit Clause in Contracts

Adjustment to Security Deposit. Tenant shall provide Landlord with an amendment or replacement to the Letter of Credit increasing the Security Deposit as described in Section 2.2.2 below within thirty (30) days following Tenant’s delivery of a Pending Deal Acceptance Notice and in any event before Tenant commences work in the Identified ROFR Space. The First Reduced LC Amount, Second Reduced LC Amount, Third Reduced LC Amount and Fourth Reduced LC Amount shall each be adjusted accordingly as set forth in Section 2.2.2.

Adjustment to Security Deposit. Tenant shall provide Landlord with an amendment or replacement to the Letter of Credit increasing the Security Deposit as described in Section 2.2.2 below within thirty (30) days following Tenant’s delivery the determination of a Pending Deal Acceptance Notice FMV in accordance with the terms of this Lease and in any event before Tenant commences work in the Identified ROFR Fixed Date Expansion Space. The First Reduced LC Amount, Second Reduced LC Amount, Third Reduced LC Amount and Fourth Reduced LC Amount shall each be adjusted accordingly as set forth in Section 2.2.2.

Adjustment to Security Deposit. Tenant shall provide Landlord with an amendment or replacement to the Letter of Credit increasing the Security Deposit as described in Section 2.2.2 below within thirty (30) days following Tenant’s delivery the determination of a Pending Deal Acceptance Notice FMV in accordance with the terms of this Lease and in any event before Tenant commences work in the Identified ROFR Tenanted Space. The First Reduced LC Amount, Second Reduced LC Amount, Third Reduced LC Amount and Fourth Reduced LC Amount shall each be adjusted accordingly as set forth in Section 2.2.2.

Adjustment to Security Deposit. Tenant shall provide Landlord with an amendment or replacement to the Letter of Credit increasing the Security Deposit as described in Section 2.2.2 below within thirty (30) days following Tenant’s delivery the determination of a Pending Deal Acceptance Notice FMV in accordance with the terms of this Lease and in any event before Tenant commences work in the Identified ROFR Unilateral Expansion Space. The First Reduced LC Amount, Second Reduced LC Amount, Third Reduced LC Amount and Fourth Reduced LC Amount shall each be adjusted accordingly as set forth in Section 2.2.2.