Common use of Rent Deposit Clause in Contracts

Rent Deposit. Six Thousand, Four Hundred, Sixteen Dollars and Seventy-Eight Cents ($6,416.78), of which Two Thousand, Four Hundred, Sixteen Dollars and Seventy-Eight Cents ($2,416.78) will be applied against first Rent accruing due hereunder, with the remainder to be held by Landlord, without interest, as prepaid rent and as security for the performance by Tenant of the terms of this Lease, and applied in accordance with the Rent Deposit Agreement attached hereto as Schedule "C";

Rent Deposit. Six One Hundred and Eighty Thousand, Four Hundred, Sixteen Hundred and Twenty-Five Dollars and Seventy-Eight Cents ($6,416.78180,425.78), of which Two Thousand, Four Hundred, Sixteen Dollars and Seventy-Eight Cents ($2,416.78) will be applied against first Rent accruing due hereunder, with the remainder to be held by Landlord, without interest, Landlord as prepaid rent and as security for the performance by Tenant of the terms of this Lease, and applied in accordance with the Rent Deposit Agreement attached hereto as Schedule "C"“D”;