Lease Security Deposit. The Tenant shall prior to taking occupation of the premises pay a cash deposit amounting to 150% (one and half times) of the Gross Monthly Rental (as per the Offer Schedule). Interest on the deposit shall accrue to the Tenant at Standard Bank’s basic savings rate. Occupation of the premises may not be taken by the Tenant until the deposit and first month’s rental has been paid to the Landlord. The Tenant shall have no right to a reduction in Gross Monthly Rental should occupation be withheld as a result of failure to pay the aforesaid deposit and/or rental timeously.
Lease Security Deposit. The letter of credit delivered by Tenant to Landlord as described in the paragraph entitled “Security Provisions.”
Lease Security Deposit. 6.1 When this Agreement is signed, Party B shall pay Party A the lease security deposit, i.e. RMB 16,800 Yuan (in words: Sixteen Thousand Eight Hundred Yuan only), and Party A shall issue a receipt of the lease security deposit to Party B.
6.2 The lease security deposit is not the rent, management fee or other expenses paid in advance by Party B, but only the guarantee for Party B to perform the obligations agreed in this Agreement. The scope of guarantee includes all debts incurred by Party B due to the performance of this Agreement, such as rent, property service fees and liquidated damages.
6.3 The lease security deposit shall not be used as the rent, management fee, electricity fee or other expenses owed by Party B at any time during the lease term. However, Party A has the right to deduct and offset any rent, property management fees, other expenses, and other payables (including but not limited to liquidated damages, overdue liquidated damages, other damages, etc.) payable and unpaid by Party B, or compensation for damage caused to Party A due to the actions of Party B and Party B’s staff, but Party A shall notify Party B after deduction or offset. Party B shall make up the insufficient margin within three working days after receiving Party A’s notice. Otherwise, Party A has the right to collect overdue penalty at one thousandth of the unpaid amount of the lease security deposit every day and terminate this Agreement, and Party B shall bear the liability for breach of contract in accordance with this Agreement. If Party B disagrees with Party A’s deduction or offset, it shall make up for it first, and then solve it through corresponding legal procedures.
6.4 Upon the expiration of the lease term, if Party B has paid all the rent and other fees payable without any breach of contract, Party A shall return the lease security deposit to Party B in one lump sum without interest within 30 days after Party B returns the Leased Unit to Party A according to the requirements stipulated in Article 14 of this Agreement, and provide Party A with the certificate of cancellation (or change of address) of business license as well as the original receipt of security deposit according to this Agreement. If Party B fails to collect the security deposit within two years after the termination of this Agreement, Party B shall be deemed to have voluntarily waived the collection of the security deposit.
Lease Security Deposit. Forty-Seven Thousand Four Hundred Seventy-Three and 43/100 Dollars ($47,473.43).
Lease Security Deposit. 3.3.1 On execution of this Lease, Tenant shall pay to Landlord the sum specified in the definition of the term Lease Security Deposit, as security for the full and faithful payment of all sums due under this Lease and the full and faithful performance of every covenant and condition of this Lease to be performed by Tenant. If Tenant shall breach or default with respect to any payment obligation or other covenant or condition of this Lease beyond any applicable notice and cure period, Landlord may apply all or any part of the Lease Security Deposit to the payment of any sum in default or any damage suffered by Landlord as a result of such breach or default, and in such event, Tenant shall, within five (5) Business Days of Landlord’s written demand, deposit with Landlord the amount so applied so that Landlord shall have the full Lease Security Deposit on hand at all times during the Lease Term. In the event Tenant defaults on its obligations to pay Base Rent, Additional Rent or any other sum as and when due under this Lease on more than two occasions during any twelve (12) month period, Landlord may, at any time thereafter require an increase in the Lease Security Deposit by an amount equal to twenty-five percent (25%) of the amount specified in the definition of the term Lease Security Deposit and Tenant shall immediately deposit such additional amount with Landlord upon Landlord’s demand. Following such increase, the definition of the term Lease Security Deposit shall refer to the amount of the Lease Security Deposit prior to the increase plus the increased amount. The remedy of increasing the Lease Security Deposits for Tenant’s multiple defaults shall be in addition to and not a substitute for any of Landlord’s other rights and remedies under this Lease or applicable law. Additionally, Landlord’s use or application of all or any portion of the Lease Security Deposit shall not preclude or impair any other rights or remedies provided for under this Lease or under applicable law and shall not be construed as a payment of liquidated damages.
3.3.2 If Tenant shall have fully complied with all of the covenants and conditions of this Lease, the remaining Lease Security Deposit shall be repaid to Tenant, without interest, within thirty (30) days after the expiration of this Lease. Tenant may not mortgage, assign, transfer or encumber the Lease Security Deposit and any such act on the part of Tenant shall be without force or effect.
3.3.3 In the event any bankrup...
Lease Security Deposit. The CRM Lessees shall pay a lease security deposit to CR Land Hongjing Fengtai Branch that is equivalent to two months of rents and management fees under the 2024 Lease Agreements, totaling RMB1,296,640. During the term of the 2024 Lease Agreements, if CRM Lessees fail to pay all the fees in full on time or commit other breach of contract, and fail to rectify the breach within the prescribed period of time after receiving a written notice from CR Land Hongjing Fengtai Branch, CR Land Hongjing Fengtai Branch is entitled to deduct any such outstanding fees and compensation payable by the CRM Lessees directly from the lease security deposit. Such deposit shall be returned to the CRM Lessees upon expiry of the 2024 Lease Agreements and at the request of the CRM Lessees, subject to certain conditions including return of possession of the Properties, settlement of all fees payable and cancellation or change of registered address by the CRM Lessees. The monthly management fee in respect of the Properties during the lease term is RMB21.00 per sq. m. of gross floor area (inclusive of value-added tax at the rate of 6%). The total property management fee in respect of the Properties during the lease term is RMB804,731.76. Such fees are payable to CR Land Hongjing Fengtai Branch on a monthly basis. During the lease term, CR Land Hongjing Fengtai Branch has the right to adjust the property management fees based on the actual circumstances, but the CRM Lessees must be notified in writing 30 days in advance for each adjustment. As all of the applicable percentage ratios in respect of the abovementioned property management service arrangements as defined in Rule 14.07 of the Listing Rules are less than 0.1%, the abovementioned arrangements are not subject to the reporting and announcement requirements under Chapter 14A of the Listing Rules.
Lease Security Deposit. Upon Tenant’s execution of the Lease and delivery of the same to Landlord, Tenant shall pay to Landlord the following sums and amounts: (a) after the application of the Deposit, the remaining amount required as a security deposit in an amount equal to the last month’s rent payment due under the Lease (including additional rent payment for the last month of the term of the Lease); and (b) the first and last months’ Total Rent payments due under the Lease, all in immediately available U.S. funds. The security deposit shall be governed, applied, held, replenished, and returned to Tenant in accordance with the terms of the Lease, provided that in no event shall Tenant be entitled to receive any interest on the security deposit or prepaid amounts, and Landlord may comingle such security deposit and prepaid amounts with Landlord’s general funds.
Lease Security Deposit. Upon execution of this Amendment, Tenant shall pay to Landlord the sum of $6,459.75 (i.e., one month’s Base Rent relating to the Expansion Premises) (the “Additional Lease Security Deposit”), which Additional Lease Security Deposit shall be combined with the original Lease Security Deposit (i.e., $14,339.40) and become a part thereof. Following payment of the Additional Lease Security Deposit, the definition of “Lease Security Deposit” in Section 1 of the Original Lease is hereby deleted in its entirety and replaced with the following:
Lease Security Deposit. The security deposit for this lease agreement is three times of the first month rent, which equals to RMB 85,000 (approx. $12,042 USD).
Lease Security Deposit. Two Hundred Fifty Thousand and No/100 Dollars ($250,000) subject to the provisions of subparagraph 3.3.1 of this Lease.
