Common use of DEPOSIT; PREPAID RENT Clause in Contracts

DEPOSIT; PREPAID RENT. Tenant has paid to Landlord the Deposit and Prepaid Rent as security for performance of Tenant's obligations under this Lease. In the event Tenant fully complies with all the terms and conditions of this Lease, the Deposit shall be refunded to Tenant, without interest unless otherwise required by law, upon expiration of this Lease. Landlord may, but is not obligated to, apply a portion of the Deposit to cure any default hereunder and Tenant shall pay on demand the amount necessary to restore the Deposit in full within 10 days after notice by Landlord.

Appears in 4 contracts

Samples: Lease Agreement (Medialink Worldwide Inc), Lease Agreement (Management Network Group Inc), Lease Agreement (Keith Companies Inc)

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