Amount of Security Deposit. Immediately upon execution of the Lease Agreement, Tenant shall deposit with Landlord one month’s Basic Rental obligation, as security for Tenant’s faithful performance of Tenant’s obligations hereunder. If, at any time during the term of this Lease Agreement, the Basic Rental is increased above this amount, the Security Deposit shall be increased in the same manner such that the Security Deposit always equals one month’s Basic Rental obligation.
Appears in 7 contracts
Samples: Hangar Lease Agreement, Light Aircraft Cover Lease Agreement, Light Aircraft Cover Lease Agreement
