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. Effective as of the date hereof, the amount of the Security Deposit required to be provided by Tenant under the Lease shall be increased by $264,264.88, to be equal to $364,937.68. Tenant shall deliver the amount of such increase to Landlord in the form of a cash deposit or an unconditional, clean, irrevocable letter of credit (“L‑C”) concurrently with Tenant’s execution of this First Amendment. The terms set forth in Exhibit C shall apply to the Letter of Credit.
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. 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 1.01(14) or any other provision of the Existing Lease, from and after the Execution Date the Security Deposit shall be cash in the amount of Fifty-Nine Thousand Nine Hundred Fifty-One Dollars and Eighty Cents ($59,951.80). 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 Twenty-Six Thousand Dollars ($26,000). 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 Third 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 Forty-Four Thousand Nine Hundred Sixty-Three Dollars and Eighty-Five Cents ($44,963.85).
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. (1) If rent in relation to a tenancy agreement has been increased under this Act, the landlord may by written notice require the tenant to pay an amount by way of security deposit that will increase the total of all amounts paid by the tenant as a security deposit in relation to the tenancy to not more than the amount payable for a week's rent at the increased rate multiplied by 4.
(2) Subsection (1) only applies if the notice is given after 2 years after a security deposit was given or a security deposit was last increased under this section in relation to the tenancy agreement.
(3) If the security deposit payable under a tenancy agreement is increased under this section, the terms of the bond are varied accordingly.
