Rent deposits. 13.1. This condition 13 applies where the seller is holding or otherwise entitled to money by way of rent deposit in respect of a tenancy. In this condition 13 ”rent deposit deed” means the deed or other document under which the rent deposit is held.
13.2. If the rent deposit is not assignable the seller must on completion hold the rent deposit on trust for the buyer and, subject to the terms of the rent deposit deed, comply at the cost of the buyer with the buyer’s lawful instructions.
13.3. Otherwise the seller must on completion pay and assign its interest in the rent deposit to the buyer under an assignment in which the buyer covenants with the seller to:
13.3.1. observe and perform the seller’s covenants and conditions in the rent deposit deed and indemnify the seller in respect of any breach;
13.3.2. give notice of assignment to the tenant; and
13.3.3. give such direct covenant to the tenant as may be required by the rent deposit deed.
Rent deposits. If there is a relevant assured shorthold tenancy in relation to the Property, the Seller and the Buyer must comply with their respective legal duties in relation to tenancy deposit protection. The parties must demonstrate to each other in writing that they have complied, if requested. If the Seller holds a deposit, the Seller must assign it to the Buyer or, if this is not possible, hold it on trust for the Buyer from the completion date.
Rent deposits. Rent security deposit, advance rents and interest on these accounts, if applicable, shall be transferred at no cost to the Buyer at closing.
Rent deposits. 5.1 For the purposes of this paragraph 5 the following terms shall have the following meanings:
Rent deposits. The Landlord and the Tenant confirm that the Rent Deposit will continue to be held in accordance with the terms of the Rent Deposit Deed.
Rent deposits. Borrower covenants and agrees that upon the occurrence of an Event of Default:
Rent deposits. Commencing on the Commencement Date and continuing for twelve (12) months, Subtenant shall pay monthly rent ("Rent") to Sublandlord in the monthly amount of Eighty-eight Thousand Nine Hundred Seventy-nine and 35/00 Dollars ($88,979.35) per month. Rent shall be payable to Sublandlord in lawful money of the United States, in advance, without prior notice, demand, or offset, on or before the first day of each calendar
1. month during the term hereof. All Rent shall be paid to Sublandlord at the address specified for notice to Sublandlord, below. If the Commencement Date, or termination date does not fall on the first day of a calendar month, Rent for any partial month shall be prorated on a daily basis based upon a thirty day calendar month.
Rent deposits. G13.1 This condition G13 applies where the seller is holding or otherwise entitled to money by way of rent deposit in
Rent deposits. Rental security deposits and advance rents shall be transferred by SELLER to the BUYER at closing.
Rent deposits. 17.1 No deductions withdrawals or repayments have been made from any of the money deposited pursuant to the terms of the Rent Deposit Deeds by the Company, the Seller or by any agent on their behalf.
17.2 To the extent that the Rent Deposit Deeds require that interest is to accrue on the money deposited pursuant to those deeds such interest has been credited to the accounts in which such money is held.
17.3 The money deposited pursuant to the terms of the Rent Deposit Deeds are lodged in the following accounts and managed by the Property Manager. The only signatories to these accounts are the directors of the Property Manager: Paradigm Geophysical (UK) Limited. Property Initiatives Management Limited, re Firefly – Paradigm Geophysical UK LimitedClient Rent Deposit Account, Barclays Bank, Sort Code 20-00-00, Account Number 00000000 Tractebel Engineering Limited (formerly CCSTLM Limited) Property Initiatives Management Limited, re Firefly – CCSTLM LimitedClient Rent Deposit Account, Barclays Bank, Sort Code 20-00-00, Account Number 00000000 Commerce Connections Limited Property Initiatives Management Limited, re Firefly – Commerce ConnectionsClient Rent Deposit Account, Barclays Bank, Sort Code 20-00-00, Account Number 00000000 E Trawler UK Limited Property Initiatives Management Limited, re Firefly – E TrawlerClient Rent Deposit Account, Barclays Bank, Sort Code 20-00-00, Account Number 00000000 Fuse Information Management Limited Property Initiatives Management Limited, re Firefly – Fuse Information ManagementClient Rent Deposit Account, Barclays Bank, Sort Code 20-00-00, Account Number 00000000
