Rent Security Sample Clauses

The Rent Security clause establishes the requirement for a tenant to provide a security deposit or other form of financial assurance to the landlord as a condition of the lease. Typically, this deposit is held by the landlord to cover potential damages to the property, unpaid rent, or other breaches of the lease agreement. For example, a tenant may be required to pay one or two months’ rent upfront, which is returned at the end of the lease if all obligations are met. The core function of this clause is to protect the landlord against financial loss resulting from tenant default or property damage, thereby allocating risk and encouraging responsible tenant behavior.
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Rent Security. For the fulfillment of all obligations out of this agreement the Tenant must pay the Landlord a deposit as a security totaling one month's all-inclusive rent for the apartment, amounting to EUR 1,680.00. The security shall be provided □ in form of a deposit. Should the Landlord pay the deposit into an interest-bearing account, the interest will increase the security deposit.
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Rent Security. Tenant’s existing Rent Security held by Landlord under the Lease applicable to the Existing Premises shall be applicable, as of February 1, 2009 to the Relocation Premises.
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Rent Security. It is agreed that Tenant has leased additional improved space from the Landlord effective September 1, 1996, now therefore, the herein covenant shall modify Addendum Section V, Paragraph 1. Rent Security. Tenant shall be obligated to deposit an additional six thousand dollars ($6,000.00) rent security, payable, two thousand dollars ($2,000.00) September 1, 1997, two thousand dollars ($2,000.00) September 1, 1998 and two thousand dollars ($2,000.00) September 1, 1999. Said total amount to remain on deposit for the balance of the lease term with each deposit payment subject to all the terms and conditions applicable to rent security. All other provisions of Addendum Section V, Paragraph 1. are herewith reaffirmed in their entirety. Article 8 GARBAGE/TRASH REMOVAL COST - FOR ESCALATION PURPOSES ONLY: Addendum Section V, Paragraph 4. (d) Garbage/Trash Removal Cost - For Escalation Purposes Only is herewith amended to read $3,894.00 ($.30 x 12,980 sq. ft.) of the base annual rent is allocated to garbage/trash and recyclable material removal for the demised premises. Landlord has reserved in the rental base a flat $.101 charge per square foot for the removal of pallets, oversized debris, dumpster area cleanup, land allocation expense and overhead charges. It is mutually agreed that the $.30/sqft rate is a pro rata apportionment of cartage expenses for garbage and separable recyclables. Any change in the Town of Smithtown Town Code which may: establish a commercial cartage district, implement direct charge tipping fee(s) and/or administrative assessment(s) on Landlord, change the composition of required recyclable(s), or otherwise impact the total cartage expense allocable to the demised premises shall be passed-through to Tenant. Further, if at any time after the commencement of this lease and before the end of the lease term period, the cartage rates charged to the Landlord by the Landlord's ▇▇▇▇▇▇ increase, there will be an adjustment in the annual rent predicated on Tenant's allocable base. Tenant's base "peg" for all additional charges, regardless of source, shall be 12,980/100,214 sq. ft. or 13% of the total current ▇▇▇▇ of $30,000.60. The total cartage ▇▇▇▇ for calculation purposes shall be deemed to include all Town of Smithtown and cartage company charges plus applicable federal, state and local taxes. Any resultant additional rental, converted to a monthly charge, shall be added to the monthly rental rate in effect at that time.
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Rent Security. (1) The Tenant is obliged to provide a security in respect of rent. The rent security is 3 months rent including additional costs plus VAT at the appropriate rate according to Section4 (1) and (6), i.e. DM 154,300.00. (2) To this end, the Tenant transfers to the Lessor as security for fulfilling all claims arising from or in connection with this agreement a directly enforceable sum payable on first request by bank guarantee without right to defense of voidability or set-off or benefit of discussion. (3) Provision of the bank guarantee is to be before occupation of the property by the Tenant and at the latest prior to commencement of the rental term according to Section3 (1). (4) The Lessor can make use of the security following prior written notice as a result of claims which have become due. The Tenant is in this case obliged without delay to provide the Lessor with a similar bank guarantee made out for the original amount. (5) The security expires on return of the security documentation to the guarantors after proper return of the property and settlement of additional costs.
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Rent Security. For those portions of the Property leased to third parties the Port shall require the third party to provide to the Port a bond, rent insurance, or other security in accordance with the requirements of RCW 53.08.085; provided, the Port commission shall not waive the rent security requirement or lower the amount of such requirement.
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Rent Security. 5.1 As a security for the landlord’s claims under this lease agreement the tenant shall provide to the landlord a security in the amount of (hereinafter referred to as Security) on the landlord’s account according to § 3.2. As a reference for the transaction the tenant shall use 5.2 The landlord shall create and keep the Security on an account separate than the account mentioned in § 3.2 5.3 The landlord will return the Security to the tenant within a period of six weeks after the return of the lease object in accordance with the provisions of this lease agreement and the settlement of all claims of the landlord against the tenant.
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Rent Security 
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Related to Rent Security

  • Payment Security To secure all of CAISO’s payment obligations to Owner under this Agreement, CAISO agrees to grant Owner a security interest and lien in the following collateral (collectively, the “Collateral”): (a) all past, present and future accounts and other amounts Responsible Utility owes CAISO at any time pursuant to Section 41 of the CAISO Tariff attributable to invoices submitted by Owner under this Agreement (collectively, the “Accounts”), (b) the RMR Owner Facility Trust Account, all funds in the RMR Owner Facility Trust Account at any time, and all funds paid on account of any Accounts, (c) all proceeds of the Collateral, if any, and (d) all of CAISO’s right, title and interest in the Collateral. CAISO represents and warrants to Owner that (a) CAISO has the authority to grant such security interest, (b) CAISO will have good, marketable and exclusive title to all of the Collateral, (c) such security interest and lien will at all times be a valid, enforceable and first-priority lien on the Collateral, and (d) such security interest will be duly perfected by the filing of a financing statement under the California Uniform Commercial Code describing the Collateral in the office of the Secretary of State of California and the delivery of a written notice of Owner’s security interest to the bank with which the RMR Owner Facility Trust Account is maintained. If CAISO defaults on its obligation to pay under this Agreement, Owner shall be entitled to enforce such securityinterest, to exercise its rights in the Collateral, to collect the Accounts from Responsible Utility, to collect all funds in the RMR Owner Facility Trust Account, and to exercise all other rights and remedies under the California Uniform Commercial Code. CAISO agrees to promptly execute and deliver all financing statements and other documents Owner reasonably requests, including but not limited to a written notice of Owner’s security interest in the Collateral to the bank with which the RMR Owner Facility Trust Account is maintained, in order to maintain, perfect and enforce such security interest.

  • MANAGEMENT SECURITY Section 1. The Federation hereby accepts liability for any damage to or loss of state property that is the proximate cause of action by striking employees of this bargaining unit, provided however, that liability under this section shall be restricted to include any alleged loss of revenue or other incidental or punitive damage sought by the Employer.

  • Rent and Security Deposit ▇▇▇▇▇▇ agrees to pay to Landlord at the offices of Landlord, or at such other place designated by Landlord, without any prior demand therefor and without any deduction or set-off whatsoever, as fixed annual rent (“Rent”), the following: a. Initial Term: $10,800 per annum, payable in equal monthly payments of $900 per month. b. Thereafter, for each successive year, the base rent shall be increased by 1.5% annually and the monthly payments shall be adjusted accordingly. c. Any payment to be made pursuant to the provisions of this Lease, including without limitation, Rent, which is not paid within 5 days after the date when such payment is due, shall be subject to a $50.00 late fee (the “Late Fee”). ▇▇▇▇▇▇ agrees to pay such Late Fee as Additional Rent. If the 5th day of the month falls on a weekend or holiday, then Tenant shall have until the next business day to pay Rent before incurring the Late Fee. d. Landlord acknowledges that ▇▇▇▇▇▇ has deposited with Landlord the sum of $1,800 as a security for the performance of Tenant’s obligations under this Lease (the “Security Deposit”). Landlord shall deposit the same in the manner required by law. If tenant fails to make any payments of Rent, or defaults under any of its other obligations under this Lase, Landlord may use the Security Deposit in payment of such Rent or in payment of any sums Landlord may be forced to spend because of Tenant’s default. If Landlord does so use the Security Deposit, then he or she shall notify Tenant in writing of the amount so used and, if used before the end of the Term, Tenant shall, within 15 days, forward a like amount to the Landlord. Accordingly, through the Term, there shall always be deposited with the Landlord a sum not less than the amount originally deposited as the Security Deposit. Nothing in this Lease shall prevent Landlord from demanding or claiming an amount in excess of the Security Deposit if, at the end of the Term, Tenants failure to pay Rent or its default under any of the other obligations under this Lease causes damages to the Landlord in excess of the Security Deposit amount. If at the end of the Term of this Lease Tenant has made all Rent payments required and fully complied with all of its other obligations under this Lease, then Landlord shall return the Security Deposit to Tenant in the manner required by law, but not more than 30 days after the end of the Term or the date Tenant delivers possession of the Premises to Landlord, whichever is later.

  • Mobile Deposit Security You will complete each deposit promptly. If you are unable to complete your deposit promptly, you will ensure that your mobile device remains securely in your possession until the deposit has been completed. It is your responsibility to establish and maintain procedures to safeguard against unauthorized deposits. You will notify us immediately by telephone with written confirmation if you learn of any loss or theft of original checks. You will ensure the safety and integrity of original checks from the time of receipt until the time of destruction. If warranted in our reasonable judgment, we may audit and monitor you, and you agree to cooperate with us to permit such monitoring, to confirm that you have satisfied your obligations under this Agreement.

  • Employment Security 28.1 The parties to this agreement agree to maximise the continuity of employment for existing and future employees and to ensure that permanent employment opportunities and the opportunity for promotion transfer and re-training or upskilling are not eliminated, reduced or eroded. 28.2 The Employer recognises that the use of subcontractors and labour hire may affect the job security of current and future employees covered by this Agreement. 28.3 As soon as practicable after being awarded a contract and prior to engaging subcontractors to perform work in the classifications covered by this agreement, the employer shall inform the Union Delegate (where applicable) which subcontractors it intends to use for the project. 28.4 The application of this Employment Security clause shall recognise geographical and commercial circumstances. In these circumstances the Employer and the Union may agree to vary the requirements of clause 28 on a project-by-project basis. Negotiations are to be conducted in good faith and agreement will not be unreasonably withheld.