Common use of Rent Security Deposit Clause in Contracts

Rent Security Deposit. a. As rent for the Premises, the Tenant shall pay unto the City Nine Thousand One Hundred Fifty Dollars and No Cents ($9,150.00) (the “Rent”), which Rent is equal to $25.00 per day per marked parking space. The Rent shall be due and payable in full, in advance, no later than May 1st, without deduction, setoff or counterclaim whatsoever, and without demand. All payments shall be made payable to the “City of Annapolis” and shall be sent or delivered to the Finance Director, Finance Department, City Hall, ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇. b. The Tenant shall also pay as additional rent all sums, taxes, assessments, costs, expenses and other payments which the Tenant under any of the provisions of this Lease assumes or agrees to pay (the “Additional Rent”), and in the event of any nonpayment thereof, the City shall have all the rights and remedies provided in this Lease and/or by law or at equity. c. Except as otherwise provided for in this Lease, any Additional Rent shall be due and payable thirty (30) calendar days after receipt of notice of amount due and payable. All payments shall be made payable to the “City of Annapolis” and shall be sent or delivered to the Finance Director, Finance Department, City Hall, ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇. d. In the event the Rent or Additional Rent under this Lease, or any part thereof, shall remain unpaid for a period of fifteen (15) business days after the day on which it is due, then in addition to all other sums due by the Tenant under this Lease, the Tenant shall pay the City as Additional Rent: (1) late fees equal to five percent (5%) of the unpaid amount, and (2) if an action of any type is filed in any court, reasonable attorney’s fees. e. No later than the date of this Lease, the Tenant shall deposit with the City’s Finance Director, ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇, the amount of Zero Dollars and No Cents ($0.00) (the “Security Deposit”). The City shall have no obligation to pay any interest on the Security Deposit, and may commingle it in an account with other funds. The City, at its option, may apply any part of the Security Deposit towards the payment of outstanding amounts due under this Lease, provided always that the Tenant’s liability under this Lease shall not thereby be discharged. Upon any uncured monetary default, the City may request, and the Tenant shall be obligated to deposit, additional security to secure the Tenant’s performance under this Lease within ten (10) business days to restore the Security Deposit to its original amount. If not used, the Security Deposit shall be returned to the Tenant within thirty (30) calendar days after the Tenant vacates the Premises in accordance with Paragraph 24.

Rent Security Deposit. a. As (a) The rent (the "Rent") for the Premisesterm hereof shall commence to accrue on March 1, 2000. Rent shall be and consist of: (i) an annual fixed rent in the amount of Seventy Eight Thousand Three Hundred Ninety Dollars ($78,390.00) or $19.50 per rentable square foot, together with (ii) such other sums of money as shall become due and payable by the Tenant shall pay unto to the City Nine Thousand One Hundred Fifty Dollars and No Cents Landlord as provided in this lease, such other sums of money to be deemed to be additional rental whether or not such sums of money are designated as such hereunder. ($9,150.00b) (the “Rent”), which Rent is equal to $25.00 per day per marked parking space. The Rent shall be paid to the Landlord at its address specified in Section 28, or at such other place as the Landlord may from time to time designate, in lawful money of the United States of America, as and when the same shall become due and payable in full, in advance, no later than May 1st, without deduction, setoff or counterclaim whatsoever, and without demand. All payments abatement or offset and without notice or demand therefor. (c) The annual Fixed Rent for each lease year shall be made payable to in equal monthly installments of Six Thousand Five Hundred Thirty-Two and 50/100 ($6,532.50) in advance on the “City first day of Annapolis” each and shall be sent or delivered to every calendar month during each lease year. If the Finance Director, Finance Department, City Hall, ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇. b. The Tenant shall also pay as additional rent all sums, taxes, assessments, costs, expenses and Commencement Date is other payments which than the Tenant under any first day of the provisions of this Lease assumes or agrees to pay (the “Additional Rent”), and in the event of any nonpayment thereofcalendar month, the City shall have all first monthly installment of the rights and remedies provided in this Lease and/or by law or at equity. c. Except as otherwise provided for in this Lease, any Additional Fixed Rent shall be due and payable thirty prorated to the end of the calendar month. (30d) calendar days after receipt of notice of amount due and payable. All payments The additional rent shall be made payable to the “City of Annapolis” and shall be sent or delivered to the Finance Director, Finance Department, City Hall, ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇as hereinafter provided. d. In the event the Rent or Additional Rent under this Lease, or any part thereof, shall remain unpaid for a period of fifteen (15e) business days after the day on which it is due, then in addition to all other sums due by If the Tenant under this Lease, the Tenant shall pay the City as Additional Rent: (1) late fees equal to five percent (5%) of the unpaid amount, and (2) if an action of any type is filed in any court, reasonable attorney’s fees. e. No later than the date of this Lease, the Tenant shall deposit with the City’s Finance Director, ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇, the amount of Zero Dollars and No Cents ($0.00) (the “Security Deposit”). The City shall have no obligation fails to pay any interest on the Security Deposit, and may commingle it in an account with other funds. The City, at its option, may apply any part of the Security Deposit towards the payment of outstanding amounts due under this Lease, provided always that the Tenant’s liability under this Lease shall not thereby be discharged. Upon any uncured monetary default, the City may request, and the Tenant shall be obligated to deposit, additional security to secure the Tenant’s performance under this Lease within ten (10) business days to restore the Security Deposit to its original amount. If not used, the Security Deposit shall be returned to the Tenant within thirty (30) calendar days after the same is due and payable any installment of Fixed Rent or any additional rent to be paid by the Tenant vacates to the Premises Landlord as provided in accordance with Paragraph 24this lease, such unpaid amount shall bear interest from the due date thereof to the date of payment at the rate equal to the lesser of (i) ten percent (10%) per annum, or (ii) the maximum rate permitted by applicable law. Such interest shall be paid by the Tenant to the Landlord at the time that the Tenant pays to the Landlord the installment of Fixed Rent or the additional rent upon which such interest shall have accrued. (f) As used herein, the term "Gross Rentable Area of the Demised Premises" shall mean Four Thousand Twenty (4,020) square feet.

Rent Security Deposit. a. As rent for the Premises, the Tenant shall pay unto the City Nine Four Thousand One Five Hundred Fifty Seventy-Five Dollars and No Cents ($9,150.004,575.00) (the “Rent”), which Rent is equal to $25.00 per day per marked parking space. The Rent shall be due and payable in full, in advance, no later than May 1st, without deduction, setoff or counterclaim whatsoever, and without demand. All payments shall be made payable to the “City of Annapolis” and shall be sent or delivered to the Finance Director, Finance Department, City Hall, ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇. b. The Tenant shall also pay as additional rent all sums, taxes, assessments, costs, expenses and other payments which the Tenant under any of the provisions of this Lease assumes or agrees to pay (the “Additional Rent”), and in the event of any nonpayment thereof, the City shall have all the rights and remedies provided in this Lease and/or by law or at equity. c. Except as otherwise provided for in this Lease, any Additional Rent shall be due and payable thirty (30) calendar days after receipt of notice of amount due and payable. All payments shall be made payable to the “City of Annapolis” and shall be sent or delivered to the Finance Director, Finance Department, City Hall, ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇. d. In the event the Rent or Additional Rent under this Lease, or any part thereof, shall remain unpaid for a period of fifteen (15) business days after the day on which it is due, then in addition to all other sums due by the Tenant under this Lease, the Tenant shall pay the City as Additional Rent: (1) late fees equal to five percent (5%) of the unpaid amount, and (2) if an action of any type is filed in any court, reasonable attorney’s fees. e. No later than the date of this Lease, the Tenant shall deposit with the City’s Finance Director, ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇, the amount of Zero Dollars and No Cents ($0.00) (the “Security Deposit”). The City shall have no obligation to pay any interest on the Security Deposit, and may commingle it in an account with other funds. The City, at its option, may apply any part of the Security Deposit towards the payment of outstanding amounts due under this Lease, provided always that the Tenant’s liability under this Lease shall not thereby be discharged. Upon any uncured monetary default, the City may request, and the Tenant shall be obligated to deposit, additional security to secure the Tenant’s performance under this Lease within ten (10) business days to restore the Security Deposit to its original amount. If not used, the Security Deposit shall be returned to the Tenant within thirty (30) calendar days after the Tenant vacates the Premises in accordance with Paragraph 24.