Common use of Application of Security Deposit Clause in Contracts

Application of Security Deposit. Landlord may use, apply or retain the whole or any part of the security so deposited to the extent required for payment of any Basic Rent (pro-rated or entire month), Additional Rent or Late Payment of Rent Charges or any other sum as to which Tenant is in default or for any sum which Landlord may expend or may be required to expend by reason of Tenant's default in respect of any of the terms, covenants and conditions of this Lease including any damages or deficiency in the reletting of the demised premises or other reentry by Landlord.

Application of Security Deposit. Landlord may use, apply or retain the whole or any part of the security so deposited to the extent required for payment of any Basic Rent (pro-rated or entire month), Additional Rent or Late Payment of Rent Charges or any other sum as to which Tenant is in default or for any sum which Landlord may expend or may be required to expend by reason of Tenant's default in respect of any of the terms, covenants and conditions of this Lease including any damages or deficiency in the reletting re-letting of the demised premises or other reentry by Landlord.

Application of Security Deposit. Landlord may use, apply apply, or retain the whole or any part of the security so deposited Security Deposit to the extent required for the payment of any Basic Annual Base Rent (pro-rated or entire month), and Additional Rent or Late Payment for the last month of the Lease Term. The right to possession of the Premises by Landlord for nonpayment of Rent Charges or any other sum as to which Tenant is in default or for any sum which Landlord may expend or may other reason shall not in any event be required to expend affected by reason of Tenant's default in respect of any the existence of the terms, covenants and conditions of this Lease including any damages or deficiency in the reletting of the demised premises or other reentry by LandlordSecurity Deposit.