Common use of DEPOSIT FOR SECURITY Clause in Contracts

DEPOSIT FOR SECURITY. Tenant shall deposit with Landlord the amount of Forty Thousand Nine Hundred Twenty-Five Dollars and Seventy Cents ($40,925.70) (the “Security Deposit”) upon Tenant’s execution and delivery of this Lease to Landlord. The Security Deposit shall serve as security for the prompt, full, and faithful performance by Tenant of the terms and provisions of this Lease, including the value of future rents as damages in accordance with California Civil Code § 1951.2, as set forth in § 20.3 below. Landlord shall not be required to keep the Security Deposit separate from Landlord’s general funds or pay interest on the Security Deposit.

Appears in 2 contracts

Samples: Office Lease (Satsuma Pharmaceuticals, Inc.), Office Lease (Satsuma Pharmaceuticals, Inc.)

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DEPOSIT FOR SECURITY. Tenant shall deposit with Landlord the amount of Forty Twelve Thousand Nine Hundred Seventy-Three Dollars and Twenty-Five Dollars and Seventy Four Cents ($40,925.7012,073.24) (the “Security Deposit”) upon Tenant’s execution and delivery of this Lease to Landlord. The Security Deposit shall serve as security for the prompt, full, and faithful performance by Tenant of the terms and provisions of this Lease, including the value of future rents as damages in accordance with California Civil Code § 1951.2, as set forth in § 20.3 below. Landlord shall not be required to keep the Security Deposit separate from Landlord’s general funds or pay interest on the Security Deposit.

Appears in 1 contract

Samples: Office Lease (Loxo Oncology, Inc.)

DEPOSIT FOR SECURITY. Tenant shall deposit with Landlord the amount of Forty Thirty Thousand Nine Two Hundred TwentyEighty-Five Seven Dollars and Seventy Four Cents ($40,925.7030,287.04) (the “Security Deposit”) upon Tenant’s execution and delivery of this Lease to Landlord. The Security Deposit shall serve as security for the prompt, full, and faithful performance by Tenant of the terms and provisions of this Lease, including the value of future rents as damages in accordance with California Civil Code § 1951.2, as set forth in § 20.3 below. Landlord shall not be required to keep the Security Deposit separate from Landlord’s general funds or pay interest on the Security Deposit.

Appears in 1 contract

Samples: Office Lease (ESSA Pharma Inc.)

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DEPOSIT FOR SECURITY. Tenant shall deposit with Landlord the amount of Forty Seventy Thousand Nine Six Hundred TwentyEighty-Five Three Dollars and Seventy Fifty-Two Cents ($40,925.7070,683.52) (the “Security Deposit”) upon Tenant’s execution and delivery of this Lease to Landlord. The Security Deposit shall serve as security for the prompt, full, and faithful performance by Tenant of the terms and provisions of this Lease, including the value of future rents as damages in accordance with California Civil Code § 1951.2, as set forth in § in§ 20.3 below. Landlord shall not be required to keep the Security Deposit separate from Landlord’s general funds or pay interest on the Security Deposit.

Appears in 1 contract

Samples: Office Lease (Day One Biopharmaceuticals Holding Co LLC)

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