Common use of Application of Security Clause in Contracts

Application of Security. The Port may apply all or part of the Security to unpaid rent or any other unpaid sum due hereunder, or to cure other defaults of Tenant. If the Port uses any part of the Security, Tenant shall restore the Security to its then-currently required amount within fifteen (15) days after the receipt of the Port’s written request to do so. The retention or application of such Security by the Port pursuant to this Section does not constitute a limitation on or waiver of the Port’s right to seek further remedy under law or equity.

Application of Security. The Port may apply all or part of the Security to unpaid rent or any other unpaid sum due hereunder, under this Lease Agreement or the Concession Agreement to cure other defaults of TenantOperator. If the Port uses any part of the Security, Tenant Operator shall restore the Security to its then-currently required amount within fifteen thirty (1530) days after the receipt of the Port’s written request to do so. The retention or application of such Security by the Port pursuant to this Section does not constitute a limitation on or waiver of the Port’s right to seek further remedy under law or equity.

Application of Security. The Port may apply all or part of the Security to unpaid rent or any other unpaid sum due hereunder, or to cure other defaults of TenantConcessionaire. If the Port uses any part of the Security, Tenant Concessionaire shall restore the Security to its then-currently required amount within fifteen (15) days after the receipt of the Port’s Port‟s written request to do so. The retention or application of such Security by the Port pursuant to this Section does not constitute a limitation on or waiver of the Port’s Port‟s right to seek further remedy under law or equity.

Application of Security. The Port may apply all or part of the Security to unpaid rent Rent or any other unpaid sum due hereunder, or to cure other defaults of TenantConcessionaire. If the Port uses any part of the Security, Tenant Concessionaire shall restore the Security to its then-currently required amount within fifteen (15) days after the receipt of the Port’s written request to do so. The retention or application of such Security by the Port pursuant to this Section does not constitute a limitation on or waiver of the Port’s right to seek further remedy under law or equity.

Application of Security. The Port may apply all or part of the Security to unpaid rent Rent or any other unpaid sum due hereunder, or to cure other defaults of TenantConcessionaire. If the Port uses any part of the SecuritySecurity during the term of the Agreement, Tenant Concessionaire shall restore the Security to its then-currently required amount within fifteen (15) days after the receipt application of the Security by the Port’s written request to do so. The retention or application of such Security by the Port pursuant to this Section does not constitute a limitation on or waiver of the Port’s right to seek further remedy under law or equity.

Application of Security. The Port may apply all or part of the Security to unpaid rent or any Rent, to cure Events of Default of Tenant, and/or other unpaid sum sums due hereunder, or to cure other defaults of Tenantunder this Agreement. If the Port uses any part of the Security, Tenant shall restore the Security to its then-currently the then required amount within fifteen (15) days after the receipt of the Port’s written request to do so. The retention or application of such Security by the Port pursuant to this Section does not constitute a limitation on or waiver of the Port’s right to seek further remedy under law or equity.