Common use of Application of Security Clause in Contracts

Application of Security. If Tenant defaults in its payment of Rent or performance of any of its other obligations under this Lease, and any renewals or extensions thereof, Landlord may, at its sole option, whether before or after enforcing its remedies against the Tenant in accordance with the terms of this Lease retain, use, or apply the whole or any part of the Security to the extent required for payment of any:

Appears in 2 contracts

Samples: Standard Warehouse Lease Agreement (AL International, Inc.), Standard Warehouse Lease Agreement (AL International, Inc.)

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Application of Security. If Tenant defaults in its payment of Rent or performance of any of its other obligations under this Lease, and any renewals or extensions thereof, Landlord may, at its sole option, whether before or after enforcing its remedies against the Tenant in accordance with under the terms of this Lease hereof, retain, use, or apply the whole or any part of the Security Deposit to the extent required for payment of any:

Appears in 1 contract

Samples: Lease Guaranty (FBC Holding, Inc.)

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Application of Security. If Tenant defaults in its payment of Rent or performance of any of its other obligations under this Lease, and any renewals or extensions thereof, Landlord maytnay, at its sole option, whether before or after enforcing its remedies against the Tenant in accordance with the terms of this Lease under Article 23 hereof, retain, use, or apply the whole or any part of the Security to the extent required for payment of any:

Appears in 1 contract

Samples: Lease Agreement (AL International, Inc.)

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