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.
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. Landlord shall continue to hold the existing Lease Security Deposit (i.e., Twenty Thousand Seven Hundred Ninety Nine and 15/100 Dollars ($20,799.15)), as provided in the First Amendment, until the expiration of the Lease Term (as extended by this Amendment).
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. 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.
Lease Security Deposit. The letter of credit delivered by Tenant to Landlord as described in the paragraph entitled “Security Provisions.” Lease Term: Commencing on the Commencement Date and ending on the last day of that calendar month which is one hundred twenty (120) months after the Rent Commencement Date, provided that, if the Rent Commencement Date is the first day of a calendar month, the Lease Term shall end on the date immediately preceding the date which is ten (10) years after the Rent Commencement Date. Lender: Defined in paragraph entitled “Landlord’s Default”.
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.
