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RENTAL AND SECURITY DEPOSIT Sample Clauses

RENTAL AND SECURITY DEPOSIT. 3.(1) The rent payable under this Lease for the Twelve (12) month term is as follows: 1st term: March 1, 2021, to February 28, 2022, is: $55,875.00 Lease Agreement 2021-CDBG-DR-04 Xxxxxx - VIHFA Page 2
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RENTAL AND SECURITY DEPOSIT. Tenant agrees to pay Landlord as rent for said Leased Premises the total sum of Twenty-four Thousand and 00/100 Dollars ($24,000.00) in monthly installments of Two Thousand Dollars ($2,000.00) Additionally Tenant shall pay Landlord as a security deposit for said Leased Premises the sum of a Two Thousand Dollars ($2,000.00) All payments of rent and the security deposit to be made in accordance with the provisions of Exhibit "A" attached hereto and made part hereof.
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RENTAL AND SECURITY DEPOSIT. Sub-Lessee agrees to pay to Sub-Lessor, at the office of Sub-Lessor or at such other place as Sub-Lessor may from time to time hereafter designate in writing, rent in the amount of Forty One Dollars per square foot ($41.00/sq. ft.) per year, plus applicable sales tax, payable in advance on the 1st day of each month during the Sub-Lease Term, and increasing by 3% annually, beginning on November 1, 2020, commencing four (4) months after the Commencement Date of this Sublease. For purposes of clarification, no monthly rent shall be due or payable by Sub-Lessee for the first four (4) months of this Sub-Lease. The initial monthly rent shall be $38,106.08 plus sales tax, currently equal to $2,667.43 for a total of $40,773.50, payable monthly (“Rent”). In the event that Sub-Lessee is more than five (5) days late in payment of rent, Sub-Lessee shall pay a late fee equal 5% of the month’s rent, in addition to the interest accruing on the rent or other payments not made by the 5th of every month in accordance with Article 17.7, of the Prime Lease, incorporated herein and made a part hereof, whereby all installments of Rent and any other payments due Sub-Lessor not paid within five (5) days of when due and payable shall bear interest at the Applicable Rate which shall mean the lesser of (i) eighteen percent (18%) per annum, or (ii) the maximum rate permitted by applicable law, from the date due until paid and shall be subject to a late charge in an amount equal to five percent (5%) of the amount due. The payment of such interest shall not excuse or cure any default by Sub-Lessee under this Sub-Lease, unless otherwise specifically provided herein. In the event any check, bank draft or negotiable instrument given for any payment under this Sub-Lease shall be dishonored at any time for any reason whatsoever not attributable to Sub-Lessor, Sub-Lessor shall be entitled, in addition to any other remedy available as described in this Section, to an administrative charge of $250.00. In the event that it shall be necessary for Sub-Lessor to give more than two (2) written notices to Sub-Lessee during any twelve (12) month period for any violation of this Lease related to a late payment of Rent, Sub-Lessor shall be entitled to make an additional late charge to Sub-Lessee of $250.00, for each such additional notice. Sub-Lessee recognizes and agrees that the charges which Sub-Lessor is entitled to make upon the conditions stated in this Section represent, at the time this Sub-Lea...
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RENTAL AND SECURITY DEPOSIT. 1. The monthly rental for the premises is Two Hundred and Sixty Thousand Six Hundred and Ten NT Dollars (taxes included). Party B shall issue checks for the total rental due monthly (each check for the monthly rental due on the commencing date of the month) for a year to party A. 2. Party B shall pay the security deposit of Four Hundred and Ninety-Six Thousand and Four Hundred NT Dollars to Party A upon the execution of this Agreement. Party A shall refund the security deposit to Party B (by cash or sight check) without interest upon expiry of this Agreement provided that Party B does not intend to renew the Agreement.
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RENTAL AND SECURITY DEPOSIT. Tenant shall pay for the Leased Premises without demand, deduction or set-off and Landlord agrees to accept as basic rent for the Leased Premises the amount set forth below in lawful money of the United States, payable as follows: July 1, 2003 to June 30, 2004 $1.40 per square foot July 1, 2004 to June 30, 2005 $1.45 per square foot July 1, 2004 to December 31, 2005 $1.50 per square foot All lease payments hereunder shall be payable in advance on the first business day of each month for the term of this lease. Tenant has already paid, and Landlord has already accepted, rent for the month of July 2003. The first rent payment due hereunder shall be payable in advance of August1, 2003.
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RENTAL AND SECURITY DEPOSIT. A. Lessee shall pay to Lessor during the Initial Term rental of $150 per week ("Rent"). A "week" is defined for the purposes of this lease to begin at 12:01
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RENTAL AND SECURITY DEPOSIT 
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Related to RENTAL AND SECURITY DEPOSIT

  • Rent and Security Deposit i. Tenant agrees to pay to Landlord for the Leased Premises in lawful money of the United States rent for the first twelve (12) months of the term hereof at the rate of Fifteen Dollars ($15.00) per square foot of occupied space, in advance, except that the monthly installment which otherwise shall be due on the commencement date recited above, shall be due and payable on the date hereof. Thereafter one such monthly installment shall be due and payable without demand on or before the first day of each calendar month succeeding the commencement date; further provided, that the rental payment for any fractional calendar month at the commencement or end of the Lease term shall be prorated. The rate charged for rent shall increase by $0.50 (Fifty Cents) per year for each such succeeding twelve (12) month period. ii. In addition, Tenant agrees to deposit with Landlord on the date hereof the sum of One Thousand Dollars ($1,000.00), which sum shall be held by Landlord, without obligation for interest, as security for the full, timely and faithful performance of Tenant's covenants and obligations under this Lease, it being expressly understood and agreed that such deposit is not an advance rental deposit or a measure of Landlord's damages in case of Tenant's default. Upon the occurrence of any event of default by Tenant, Landlord may, from time to time, without prejudice to any other remedy provided herein or provided by law, use such funds to the extent necessary to make good any arrears of rent or other payments due to Landlord hereunder, and any other damage, injury, expense or liability caused by any event of Tenant's default; and Tenant shall pay to Landlord on demand the amount so applied in order to restore the security deposit to its original amount. Although the security deposit shall be deemed the property of Landlord, any remaining balance of such deposit shall be returned by Landlord to Tenant at such time after termination of this Lease when Landlord shall have determined that all Tenant's obligations under this Lease have been fulfilled. Subject to the other terms and conditions contained in this Lease, if the Building is conveyed by Landlord, said deposit may be turned over to Landlord's grantee, and if so, Tenant hereby releases Landlord from any and all liability with respect to said deposit and its application or return.

  • Security Deposit Tenant has deposited with Landlord the sum specified in Section 1(a)(12). Said deposit shall constitute advance rental and shall be held by Landlord as security for the faithful performance by Tenant of all the terms, covenants and conditions of this Lease to be kept and performed by Tenant during the Lease Term. If, at any time during the Lease Term, any payment of Minimum Annual Rent or Additional Rent herein reserved shall be overdue and unpaid, the Landlord may, at its option, appropriate and apply any portion of said security deposit to the payment of any such overdue rent or other sum. Landlord shall have the unrestricted right (but not the obligation) to apply any part of the Security Deposit to cure any Default (as described in Section 20 hereof). In the event of the failure of Tenant to keep and perform any other items, covenants and conditions of the Lease to be kept and performed by Tenant, then Landlord, at its option, may appropriate and apply the entire security deposit, or so much thereof as may be necessary, to compensate Landlord for loss or damage sustained or suffered by Landlord due to such breach by Tenant. Should the entire security deposit, or any portion thereof, be appropriated and applied by Landlord for the payment of overdue rent, to cure any default, or other sums due and payable to Landlord by Tenant hereunder, then Tenant shall remit to Landlord, within ten (10) days of the written demand of Landlord, a sufficient amount in cash to restore the security deposit to the original sum. Tenant's failure to do so shall constitute a breach of the Lease. Should Tenant comply with all of said terms, covenants and conditions of the Lease and promptly pay all Minimum Annual Rent and Additional Rent herein provided as it falls due, then the security deposit shall be returned in full, without interest, to Tenant within thirty (30) days of the Expiration Date or earlier termination of the Term of this Lease. Tenant shall have no right to direct the application of any part of the Security Deposit. Landlord may deliver the funds deposited hereunder by Tenant to the purchaser of Landlord's interest in the building and/or the Leased Premises in the event that such interest is sold, and thereupon Landlord shall be discharged from any further liability with respect to such security deposit.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one)

  • Additional Security Deposit No additional security deposit shall be required in connection with this Amendment.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Utility Deposits Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

  • Month-to-Month Lease The Tenant shall be allowed to occupy the Premises on a month-to-month arrangement starting on , 20 and ending upon notice of days from either Party to the other Party (“Lease Term”).

  • Payment of Leasehold Obligations Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.

  • Prepaid Rent Tenant shall, upon execution of this Lease, pay to Landlord the amount set forth in Article 1 as "First Month's Prepaid Rent" as prepayment of rent for credit against the first payment of Base Monthly Rent due hereunder.

  • Rent Payment Tenant shall pay the Base Rent for the premises and any additional rent provided herein without deduction or offset. Rent for any partial month during the lease term shall be prorated to reflect the number of days during the month that Tenant occupies the premises. Additional rent means amounts determined under section 19 of this lease and any other sums payable by Tenant to Landlord under this lease. Rent not paid when due shall bear interest at the rate of one-and-one-half per month until paid. Landlord may at its option impose a late charge of $.05 for each $1 of rent for rent payments made more than 10 days late in lieu of interest for the first month of delinquency, without waiving any other remedies available for default. Failure to impose a late charge shall not be a waiver of Landlord's rights hereunder.

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