Common use of Letter of Credit Security Deposit Clause in Contracts

Letter of Credit Security Deposit. Pursuant to the terms of the Lease, a Security Deposit of One Million Ninety-two Thousand Dollars ($1,092,000) is required from Tenant. In lieu of depositing cash for the full amount of the Security Deposit, Tenant shall have the right to deposit a letter of credit for up to One Million Dollars ($1,000,000) (the "Maximum Letter of Credit Amount"), with the balance of the Security Deposit in the form of cash. Said letter of credit shall be in the form of an irrevocable, unconditional and clean standby letter of credit and otherwise in the form set forth below (the "Letter of Credit"). The term Security Deposit shall mean the cash portion of the Security Deposit and the Letter of Credit.

Letter of Credit Security Deposit. Pursuant to the terms of the Lease, --------------------------------- a Security Deposit of One Million Ninety-two Thousand Dollars ($1,092,000) 192,394.80 is required from Tenant. In lieu of depositing cash for the full amount of the Security Deposit, Tenant shall have the right to deposit a letter of credit for up to One Million Dollars ($1,000,000) 96,197.40 (the "Maximum Letter of Credit Amount"), with the balance of the Security Deposit in the form of cash. Said letter of credit shall be in the form of an irrevocable, unconditional and clean standby letter of credit and otherwise in the form set forth below (the "Letter of Credit"). The term Security Deposit shall mean the cash portion of the Security Deposit and the Letter of Credit.

Letter of Credit Security Deposit. Pursuant to the terms of the Lease, a Security Deposit of One Million Ninety-two Thousand Dollars ($1,092,000) 192,394.80 is required from Tenant. In lieu of depositing cash for the full amount of the Security Deposit, Tenant shall have the right to deposit a letter of credit for up to One Million Dollars ($1,000,000) 96,197.40 (the "“Maximum Letter of Credit Amount"”), with the balance of the Security Deposit in the form of cash. Said letter of credit shall be in the form of an irrevocable, unconditional and clean standby letter of credit and otherwise in the form set forth below (the "“Letter of Credit"”). The term Security Deposit shall mean the cash portion of the Security Deposit and the Letter of Credit.

Letter of Credit Security Deposit. Pursuant to the terms of the --------------------------------- Lease, a Security Deposit of One Million Ninety-two Thousand Dollars ($1,092,000) 467,325.00 is required from Tenant. In lieu of ----------- depositing cash for the full amount of the Security Deposit, Tenant shall have shall, upon the right to execution of the Lease, deposit a letter of credit for up to One Million Dollars ($1,000,000) 467,325.00 (the ----------- "Maximum Letter of Credit Amount"), with the balance of the Security Deposit in the form of cash. Said letter of credit shall be in the form of an irrevocable, unconditional and clean standby letter of credit and otherwise in the form set forth below (the "Letter of Credit"). The term Security Deposit shall mean the cash portion of the Security Deposit and the Letter of Credit.

Letter of Credit Security Deposit. Pursuant to the terms of the Lease, a Security Deposit of One Million Ninety-two Thousand Dollars ($1,092,000) 307,839.11 is required from Tenant. In lieu of depositing cash for the full amount of the Security Deposit, Tenant shall have the right to deposit a letter of credit for up to One Million Dollars ($1,000,000) $307,839.11 (the "Maximum Letter of Credit AmountMAXIMUM LETTER OF CREDIT AMOUNT"), with the balance of the Security Deposit in the form of cash. Said letter of credit shall be in the form of an irrevocable, unconditional and clean standby letter of credit and otherwise in the form set forth below (the "Letter of CreditLETTER OF CREDIT"). The term Security Deposit shall mean the cash portion of the Security Deposit and the Letter of Credit.

Letter of Credit Security Deposit. Pursuant to the terms of the Lease, a Security Deposit of One Million Ninety-two Thousand Dollars ($1,092,000) 1,184,794.40 is required from Tenant. In lieu of depositing cash for the full amount of the Security Deposit, Tenant shall have the right to deposit a letter of credit for up to One Million Dollars ($1,000,000) (the "Maximum Letter of Credit Amount"), with the balance required amount of the Security Deposit in so long as at all times the form amount of cashthe Letter of Credit and the cash portion of the Security Deposit equals the required amount of the Security Deposit. Said letter of credit shall be in the form of an irrevocable, unconditional and clean standby letter of credit and otherwise in the form set forth below (the "Letter of Credit"). The term Security Deposit shall mean the cash portion of the Security Deposit and the Letter of Credit.

Letter of Credit Security Deposit. Pursuant to the terms of the Lease, a Security Deposit of One Million Ninety-two Thousand Dollars ($1,092,000) 307,839.11 is required from Tenant. In lieu of depositing cash for the full amount of the Security Deposit, Tenant shall have the right to deposit a letter of credit for up to One Million Dollars ($1,000,000) $307,839.11 (the "Maximum Letter of Credit Amount"“MAXIMUM LETTER OF CREDIT AMOUNT”), with the balance of the Security Deposit in the form of cash. Said letter of credit shall be in the form of an irrevocable, unconditional and clean standby letter of credit and otherwise in the form set forth below (the "Letter of Credit"“LETTER OF CREDIT”). The term Security Deposit shall mean the cash portion of the Security Deposit and the Letter of Credit.