Lease Deposit. Upon the execution hereof, Lessor shall loan Lessee an amount equal to twenty-five percent (25%) of the first full year's Base Rent (the "Lease Deposit"). The Lease Deposit shall be held by Lessor as security for the performance by Lessee of Lessee's covenants and obligations under the Lease. The Lease Deposit shall not be considered an advance payment of rental or a measure of Lessor's damages in case of default by Lessee. Lessor may, from time to time, without prejudice to any other remedy, use the proceeds thereof to make good any arrearages of Rent, to satisfy any other covenant or obligation of Lessee hereunder or to compensate Lessor for any other loss or damage which Lessor may suffer by reason of any default by Lessee. Following any such use of the Lease Deposit by the Lessor, Lessee shall deliver to Lessor on demand an amount sufficient to restore the aggregate amount held by Lessor, not including any interest earned on the Lease Deposit, to the amount of the original Lease Deposit. If Lessee is not in default at the termination of the Lease, and has complied with all of the provisions of this Lease to be performed by Lessee, including surrender of the Leased Property in accordance with the provisions hereof and has repaid the loan of the Lease Deposit, the Lease Deposit, not including any interest earned on such Lease Deposit, shall be returned by Lessor to Lessee, subject to any draws which have previously been made by Lessor against the Lease Deposit and not replenished by the Lessee. Lessee will not assign or encumber Lessee's interest in the Lease Deposit, and neither Lessor nor Lessor's successors or assigns will be bound by any such attempted assignment or encumbrance of the Lease Deposit. Any interest earned on the Lease Deposit will be for the sole benefit of the Lessor and shall not in any way reduce any amounts owed by Lessee under the terms hereof.
Lease Deposit. The Lease Deposit referenced above may be returned to Lessee at the end of the Term of this Lease so long as no Event of Default has occurred under the terms of the Lease. ln the case of an Event of Default under the Lease, the Lease Deposit may be applied by Lessor to satisfy any outstanding monetary obligation of Lessee to Lessor under this Lease or under any other agreement between Lessor and Lessee. The Lease Deposit shall be held by Lessor and shall not accrue interest.
Lease Deposit. Prepaid Rent equal to Sixty-Three Thousand Seven Hundred Thirty-Two and 15/100 Dollars ($63,732.15) and Security Deposit equal to Seventy-One Thousand Two Hundred Fifty Dollars ($71,250.00), totaling One Hundred Thirty-Four Thousand Nine Hundred Eighty-Two and 15/100 Dollars ($134,982.20)
Lease Deposit. Tenant shall deposit with Landlord on the date Tenant executes and delivers this Lease to Landlord the cash sums set forth in the Schedule for both Prepaid Rent and Security Deposit (collectively, the "Lease Deposit"
Lease Deposit. 1. Party B shall pay Party A six-month rent in the amount of RMB 3,934,296.00 (in words: RMB Three Million Nine Hundred and Thirty-four Thousand Two Hundred and Ninety-six Yuan Only) in a lump sum as a deposit for lease on the date when this Contract is signed. After the expiration of the Lease Term, the refund of the non-interest-bearing deposit by Party A to Party B is conditional on that Party B shall have vacated and cleaned the Leased Premises and returned in good conditions the same to Party A, paid off all the rent and other expenses payable and have no any other breaches.
2. If Party B’s violation of the law and this Contract results in losses to Party A, Party A shall be entitled to set off such lease deposit against the part of the liquidated damages or losses to be borne by Party B, and if the deposit paid by Party B is insufficient to be set off against such liquidated damages or losses, Party A shall still be entitled to continue to recover the shortage from Party B.
Lease Deposit. 1. In order to ensure Party B's performance of the terms of this contract, Party B shall pay Party A RMB 343998 yuan (capitalized: THREE HUNDRED FORTY THREE THOUSAND AND NINE HUNDRED NINETY EIGHT DOLLARS ONLY) within 10 days from the date of signing this contract deposit. If Party B delays the payment of the security deposit for 30 days, Party A has the right to terminate this contract, and Party B shall pay Party A a liquidated damages equivalent to 20% of the total amount of the lease fee for the entire lease period under this contract. If Party B fails to pay the security deposit in full, it shall be deemed to be deferred payment.
2. If Party B has a breach of contract during the lease period, Party A has the right to deduct liquidated damages from the lease deposit in accordance with the contract or the provisions of the law, and Party B is obliged to immediately make up the lease deposit within 5 days from the date of Party A's notice of deduction of the security deposit. If the overdue payment is made, Party B shall pay a late fee to Party A at the interest rate of 3/1000 per day.
3. In addition to the non-refundable security deposit stipulated in this contract, if the lease contract is terminated or terminated, Party B shall refund the lease deposit to Party B without interest within 30 days after party B has completed the following procedures, otherwise Party A has the right to refuse to refund the lease deposit until Party B has completed the following procedures:
(1) Party B shall return the property to Party A according to the payment standard, and provide the confirmation of the return of the leased property signed by both Parties A and B;
(2) Party B pays the rent, property management fee, liquidated damages, and other expenses payable;
(3) Within 30 days after the termination or rescission of the lease contract, Party B shall complete all licenses, approvals or cancellations of the licenses or changes of addresses of the property for Party B (including the subleasers agreed by Party A) and its affiliates.
Lease Deposit. 4.1 Within 5 days after the signing of this contract, Party B shall pay Party A the lease deposit equivalent to the rent of 2 months (no more than two months), totaling RMB 69020 yuan (in words: Sixty-Nine Thousand and Twenty Yuan only). When Party A collects the deposit from Party B, Party A shall issue a receipt voucher to Party B.
4.2 The deposit paid by Party B is not the rent or other expenses paid in advance by Party B, but only a guarantee for Party B to fulfill the obligations agreed in this contract. Party A shall not detain the deposit of Party B without reason and refuse to return it. Within 5 days after the expiration of the lease term or termination of the contract, and when the following conditions are met at the same time, Party A shall return the remaining part of the lease deposit to Party B without interest after deducting the rent, expenses and liquidated damages that Party B should bear (if any, the rent balance shall be returned together):
(1) The leased house is not damaged by Party B or has been repaired;
(2) Party B shall return the leased house (including ancillary facilities) to Party A in the manner agreed in this contract;
(3) If Party B uses the address of the leased house to handle industrial and commercial registration, Party B has moved the address of industrial and commercial registration and completed other procedures stipulated by law and government.
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Lease Deposit. Lessor acknowledges that Lessee has paid with the execution of the Lease the sum specified under “Lease Deposit” in the Lease, to be held by Lessor as a lease deposit and not as an advance rental payment. If Lessee, at the expiration of a Lease or any renewal or extension thereof, shall not be in default under that Lease or this Master Lease or under any other lease or contract in effect between the parties, and shall have paid to Lessor all amounts due to Lessor specified in the Lease, and shall have returned to Lessor the Equipment in the condition provided in Paragraph 10 hereof, or made such other disposition thereof as may be directed by Lessor, Lessor shall thereupon refund to Lessee the lease deposit without interest. In the event, however, of any default at any time in any of the terms, provisions and conditions hereof or any other lease or contract between the parties, or should Lessee fail to return the Equipment in the condition and at the time required under Paragraph 10, Lessor may, but shall not be obligated to, apply the lease deposit to cure such default, in which event Lessee shall promptly restore the lease deposit to the full amount specified in the Lease. Lessor shall also have the right and privilege at its discretion to apply the lease deposit or any portion thereof to any other lease(s) and/or contract(s) outstanding between Lessor and Lessee to cure a default in such lease(s) and/or contract(s) or to apply to any deficiency arising out of such other Lease(s) and/or contract(s).
Lease Deposit the Lessee shall within ten days after the date of signing of this Contract, pay RMB 126,904 to the Lessor as lease deposit. Upon the expiration of the lease term or the early dissolution of this Contract, the Lessor shall refund the aforesaid lease deposit to the Lessee without interest within ten days after the Lessee has paid up all rental and other expenses and return the Leased Plant to the Lessor in good condition. If the Lessor deducts relevant expenses from the lease deposit according to this Contract, the Lessee shall make up the lease deposit within 5 days.
