Common use of Form of Deposit Clause in Contracts

Form of Deposit. On or before the date specified by the Director, Tenant will deliver to Director a security deposit (the “Deposit”) in the Deposit Amount. Such Deposit shall be in the form of (a) a surety bond payable to City, naming City as obligee, in the form attached as Exhibit C-1, and otherwise in form satisfactory to City’s City Attorney, and issued by a surety company satisfactory to Director, or a

Form of Deposit. On or before the date specified by the Director, Tenant Xxxxxx will deliver to Director a security deposit (the “Deposit”) in the Deposit Amount. Such Deposit shall be in the form of (a) a surety bond payable to City, naming City as obligee, in the form attached as Exhibit C-1, and otherwise in form satisfactory to City’s City Attorney, and issued by a surety company satisfactory to Director, or a