Lease Security. This guaranty shall remain in full force and effect, and the Guarantor fully responsible, without regard to any security deposit or other collateral for the performance of the terms and conditions of the Lease, or the receipt, disposition, application, or release of any security deposit or other collateral, now or hereafter held by or for the Landlord.
Lease Security. Lessee will take ordinary care and all safeguards a reasonably prudent operator would take to protect the Leased Premises and to prevent theft of all Materials produced from the Leased Premises. This includes, but is not limited to, the installation of all necessary equipment, seals, locks, or other appropriate protective devices on or at all access points at the lease’s production and storage systems where theft of said Materials can occur.
Lease Security. Tenant shall extend the Letter of Credit in the amount of $58,000 in favor of Landlord through the end of the Lease Term as extended herein.
Lease Security. LESSEE shall take the degree of care and all proper safeguards a reasonably prudent operator would take to protect the leased premises and to prevent theft of all materials and/or minerals produced from the leased premises. This includes, but is not limited to, the installation of all necessary equipment, seals, locks, or other appropriate protective devices on or at all access points at the lease's production, gathering and storage systems where theft of said materials and/or minerals can occur. LESSEE shall be liable for the loss of any of said materials and/or minerals resulting from theft and shall pay the State royalties thereon as provided in this lease on all leased minerals lost by reason of theft.
Lease Security. As security for the performance by Tenant of -------------- Tenant's obligations hereunder, Tenant shall cause to be delivered to Landlord concurrently with the execution of this Lease by Tenant, an original irrevocable standby letter of credit (the "Letter of Credit") in the amount of Five Hundred Thousand Dollars ($500,000.00), which Landlord may draw upon to cure any default under this Lease or to compensate Landlord for any damage Landlord incurs as a result of Tenant's failure to perform any of its obligations hereunder. Any such draw on the Letter of Credit shall not constitute a waiver of any other rights of Landlord with respect to such default. The Letter of Credit shall be issued by a major commercial bank reasonably acceptable to Landlord with a San Francisco service and claim point for the Letter of Credit, have an expiration date not earlier than the Expiration Date (or, in the alternative, have a term of not less than one (1) year and be automatically renewable for an additional one (1) year period unless notice of non-renewal is given by the issuer to Landlord not later than sixty (60) days prior to the expiration thereof). The Letter of Credit shall provide for payment to Landlord upon the issuer's receipt of a sight draft from Landlord together with Landlord's certificate certifying that the requested sum is due and payable from Tenant and Tenant has failed to pay, and with no other conditions, and otherwise be in form and content satisfactory to Landlord. If the Letter of Credit has an expiration date earlier than the Expiration Date, then throughout the term hereof (including any renewal or extension of the term) Tenant shall provide evidence of renewal of the Letter of Credit to Landlord at least sixty (60) days prior to the date the Letter of Credit expires. If Landlord draws on the Letter of Credit pursuant to the terms hereof, Tenant shall immediately replenish the Letter of Credit or provide Landlord with an additional letter of credit conforming to the requirements of this paragraph so that the amount available to Landlord from the Letter of Credit(s) provided hereunder is $500,000.00 Tenant's failure to deliver any replacement, additional or extension of the Letter of Credit, or evidence of renewal of the Letter of Credit, within the time specified under this Lease shall entitle Landlord to draw upon the full amount of the Letter of Credit then in effect and (a) Landlord shall hold the drawn amount as security for Tenant's obligat...
Lease Security. Lessee shall take the degree of care and all proper safeguards a reasonably prudent operator would take to protect the Leased Premises and to prevent theft of all Materials produced from the Leased Premises. This includes, but is not limited to, the installation of all necessary equipment, seals, locks, or other appropriate protective devices at all access points to the Lessee’s production, gathering and storage systems where theft of said materials and/or minerals can occur. Unless Lessee takes reasonable precautions to prevent theft from occurring, Lessee shall be liable for the loss of any of said Materials resulting from theft and shall pay the Lessor royalties on all said Material thereon as provided in this Lease calculated to be lost by reason of theft.
Lease Security. The Lessee is required, pursuant to the terms of this Lease, to post security hereunder in the amount of TWO THOUSAND ONE HUNDRED AND THIRTY ONE Dollars 9$2131.00) as guarantee and the performance by the Lessee as security of all the conditions required to be performed by the lessee under the Lease. Such surr shall be returned to the Lessee after the expiration of the term of this Lease and any extensions thereof provided the Lessee has performed all such conditions. The Lessor shall be entitled to co-mingle such deposit with its own funds and use such sum of such purposes as the Lessor may determine. The Lessee shall not be entitled to any interest on the security deposit and, hereby waives same
(a) In the event of default by the Lessee in respect of any of the conditions of this Lease, including but not limited to the payment of rent, the Lessor may use, apply or retain all or any part of such security deposit of the payment of any unpaid rent, or for any other amount which the Lessor may be required to spend by reason of the default of the Lessee, including any damages or deficiency in the reletting of the leased premises, regardless of whether the accrual of such damages or deficiency occurs before or after an eviction or a summary re-entry or other reentry by the Lessor.
(b) The security deposit shall not be assigned or encumbered by the Lessee.
(c) Lessee, upon signing of this Lease and Payment of First months rent may take possession and enter said premises. Covenant to pay rent commences DECEMBER 1, 2003; all other covenants commence on the date of possession (maintenance, utilities, etc.).
Lease Security. 74 7.25. Further Assurances................................................. 75 7.26.
Lease Security. Provide to the Agent within 30 days after the -------------- Effective Date:
(i) acknowledgment copies of proper Financing Statements filed under the Uniform Commercial Code of all jurisdictions as may be necessary or, in the opinion of the Agent, desirable to perfect the Lien created by the Security Agreement and the Loehmann's Pledge Agreement in favor of the Agent and the Xxxxx, xxgether with certified copies of Requests for information or Copies (Form UCC-11), or equivalent reports, listing all effective financing statements which name Holdings, Loehmann's and any Subsidiary of Loehmann's (under its present nxxx xxx any previous name) xx xxxxxx and which are filed in such jurisdictions together with copies of such other financing statements (none of which shall cover the collateral purported to be covered by the Security Agreement or the Loehmann's Pledge Agreement); and
(ii) evidence ox xxx xxxxletion of all recordings and filings as may be necessary or, in the opinion of the Agent, desirable to perfect the Lien created by the Security Agreement and the Loehmann's Pledge Agreement.
Lease Security. As security for Tenant's faithful performance of all of the terms and conditions of this Lease, Tenant shall deposit with Landlord an unconditional and irrevocable Letter of Credit in a form acceptable to Landlord's counsel drawn upon a bank with a credit rating acceptable to Landlord (minimum of A rating). Said Letter of Credit shall be in the amount of $300,000.00, for lease years 1 through 3, which will be reduced to the amount of $100,000.00 for lease years 4 and 5. Said Letter of Credit shall be delivered as soon as practicable following the Effective Date of the Lease. Tenant may, from time to time, replace any existing Letter of Credit with a new Letter of Credit if the new Letter of Credit (1) becomes effective at least thirty (30) days before expiration of the Letter of Credit that it replaces; (b) is in the required amount; (c) is issued by a bank reasonably acceptable to Landlord; and (d) otherwise complies with the requirements of this Section 17.31.
