Increase in security deposit. If you are a business customer, we may request that you increase the amount of your security deposit in the circumstances provided for in the Electricity Industry Code.
Increase in security deposit. We may request that you increase the amount of your security deposit if reasonably required by us.
Increase in security deposit. Despite clause 11.2(b), we may request or increase an existing security deposit at any time, to ensure the security deposit held is sufficient to secure your current customer connection services usage taking into account the limits on security deposits under clause 11.2(b) as calculated using the average of your last three bills.
Increase in security deposit. The amount of the Security Deposit under the Lease is hereby increased from $30,877.78 to $73,547.98. Contemporaneously with Tenant’s execution and delivery of this Amendment to Landlord, Tenant shall deliver to Landlord an amount equal to the difference between the Security Deposit currently on hand with Landlord and such increased amount of the Security Deposit.
Increase in security deposit. Within ten (10) days after the full execution and delivery of this First Amendment, Tenant shall deposit with Landlord Twenty-Five Thousand and 00/100 Dollars ($25,000.00), which amount shall be added to the Security Deposit of Fifty Thousand and 00/100 Dollars ($50,000.00) currently deposited with and held by Landlord. Upon the deposit of such amount with Landlord, the Security Deposit under Section 1.14 of the original Lease shall be Seventy-Five Thousand and 00/100 Dollars ($75,000.00).
Increase in security deposit. Tenant shall deposit with Landlord, concurrently with Tenant’s execution of this Fourth Amendment, the amount $21,794.32 as an additional security deposit for the performance by Tenant of the terms of this Lease to be performed by Tenant, thereby increasing Tenant’s Security Deposit under the Lease to $48,132.77. The Security Deposit shall be governed by the provisions of Section 3.7 of the Original Lease.
Increase in security deposit. Article Thirty-Eighth of the Original Lease as amended prior to the date hereof is hereby further amended to reflect that effective as of the date hereof, the security deposit under the Lease shall be increased by the sum of $88,594.33. Concurrently herewith, Tenant has delivered to Landlord the sum of $88,594.33 so as to increase the security deposit pursuant to the preceding sentence. From and after the Effective Date, the security deposit (as increased hereby) shall continue to be maintained by Landlord pursuant to Article Thirty-Eighth of the Original Lease as amended prior to the date hereof and as further amended hereby.
Increase in security deposit. Notwithstanding any provision of the New Lease to the contrary, in addition to the cash held by Landlord as a Security Deposit under the New Lease, concurrently with Tenant's execution of this Amendment, Tenant shall deposit with Landlord an irrevocable letter of credit in the amount of Four Hundred Fifty Thousand Dollars ($450,000.00) to be held as part of the Security Deposit under the Lease in accordance with the provisions of this Section and the Lease (the "Letter of Credit") so that the total amount of the Security Deposit hereafter required is Five Hundred Twenty-three Thousand Four Hundred and Ten Dollars ($523,410.00). The Letter of Credit provided for under this Section shall be an irrevocable, unconditional "clean" Letter of Credit and require no documents, and shall be in form, scope and substance and from a banking institution satisfactory to Landlord, in its sole discretion, provided however, Landlord pre-approves Union Bank as the issuer of the initial Letter of Credit. It shall also be in compliance with all applicable laws and regulations, including, without limitation, applicable regulations of the Comptroller of the Currency. Said Letter of Credit may have an initial term of no greater than one (1) year, and shall be extended or reissued in a manner and from a banking institution satisfactory to Landlord, or replaced by Tenant, in each case at least thirty (30) days prior to its expiration with another Letter of Credit which complies with the requirements of this Section, so that in all events the Letter of Credit shall continue in effect until the date which is forty-five (45) days after the Termination Date. The Letter of Credit shall be in the form attached as Exhibit B. Tenant shall pay all expenses, points and/or fees charged by the issuer or incurred by Tenant in obtaining, transferring or replacing the Letter of Credit. Upon a proposed sale or other transfer of any interest (i) of Landlord in the Premises or this Lease, or (ii) in or of Landlord (including, without limitation, consolidations, mergers or other entity changes), in all such events Tenant, at its sole cost and expense and upon ten (10) business days notice, shall, concurrent with Landlord's delivery to the issuer or Tenant of the then outstanding Letter of Credit, deliver or cause the issuer to deliver to any such transferees, successors or assigns a replacement Letter of Credit on identical terms (except for the stated beneficiary) from the same issuer or another ban...
Increase in security deposit. Notwithstanding Section 5 of the Fourth Amendment or any other provision of the Existing Lease, from and after the Execution Date the Security Deposit shall be cash in the amount of Two Hundred Fifty-Nine Thousand Five Hundred Seventy-Four Dollars and Twenty-Eight Cents ($259,574.28). On or prior to the Execution Date, Tenant shall pay Landlord the amount required to increase the Security Deposit then to Tenant’s credit under the Existing Lease to equal such higher required amount. Landlord acknowledges that it currently holds a cash Security Deposit under the terms of the Existing Lease in the amount of Fifty-Nine Thousand Dollars ($59,000). Provided that a Default by Tenant does not then exist, Landlord agrees that upon not less than ten (10) business days’ prior notice from Tenant at any time after the second anniversary of the Fourth Extension Commencement Date, Landlord shall apply a portion of the Security Deposit toward the next due installment of Monthly Base Rent and Rent Adjustment Deposit under the Lease; provided, however, that in no event shall the amount of the Security Deposit be reduced below One Hundred Ninety-Four Thousand Six Hundred Eighty Dollars and Seventy-One Cents ($194,680.71).
Increase in security deposit. The amount of the Security Deposit under the 23rd/3rd Floor Lease is Increased by $142,380.00, which shall be accomplished by way of an amendment to the 9th Floor L/C adjusting the amount thereof to the sum of the amount presently required under the Existing 9th Floor Lease plus $142,380.00 (i.e., to a total of $892,380.00). At any time that Landlord is holding cash as the Security Deposit, Landlord may demand by notice to Tenant that Tenant provide a Letter of Credit in the total amount of the required Security Deposit (upon receipt of which Landlord will deliver the cash security to Tenant), and if Tenant fails to provide such Letter of Credit within fifteen (15) business days after such demand is given, Landlord may itself arrange for the issuance thereof, using the cash security it is then holding, and Tenant shall upon demand reimburse Landlord, as additional rent, for the amount by which the cost thereof, including fees and other reasonable costs of issuance, exceeds the cash security being held by Landlord.
