Common use of No Interest –Bearing Account Required Clause in Contracts

No Interest –Bearing Account Required. Landlord shall not be required to keep the Security in an interest-bearing account, except required by law. If Landlord keeps the Security in an interest-bearing account, Landlord shall receive all of the interest that accrues.

Appears in 1 contract

Samples: Standard Warehouse Lease Agreement (AL International, Inc.)

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No Interest –Bearing Account Required. Landlord shall not be required to keep the Security Deposit in an interest-bearing account, except as required by law. If Landlord keeps the Security Deposit in an interest-bearing account, Landlord shall receive all of the interest that accrues.

Appears in 1 contract

Samples: Lease Guaranty (FBC Holding, Inc.)

No Interest –Bearing Account Required. Landlord shall not be required to keep the Security in an interest-interest- bearing account, except required by law. If Landlord keeps the Security in an interest-bearing account, Landlord shall receive all of the interest that accrues.

Appears in 1 contract

Samples: Standard Warehouse Lease Agreement (AL International, Inc.)

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No Interest –Bearing Account Required. Landlord shall not be required to keep the Security in an interest-interest­ bearing account, except required by law. If Landlord keeps the Security in an interest-bearing account, Landlord shall receive all of the interest that accrues.

Appears in 1 contract

Samples: Lease Agreement (AL International, Inc.)

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