County Use of Required Security Sample Clauses

County Use of Required Security. 4.4.4.1 If any of the rent, fees and charges hereunder shall be overdue and unpaid, then County may, at its option, and simultaneously upon Notice to Airline, appropriate and apply any portion of the Security to the payment of any such overdue xxxxxx.Xx the event of the failure of Airline to keep and perform any of the terms, covenants and conditions of this Agreement, then County may, at its option and upon Notice to Airline (and its surety, if applicable), appropriate and apply the Security or so much thereof as may be necessary, to compensate County for advances, expenses, loss or damage sustained or sufferedby County, due to such breach on the part of Airline. 4.4.4.2 Should the Security or any portion thereof be appropriated and applied by County for the payment of overdue rental or other sums due and payable by Airline hereunder, or for a breach on the part of Airline, the Airline shall, within five days after the written demand of County, forthwith remit to County a reinstatement of the Surety or Letter ofCredit the Security to the original sum deposited or required.
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