Common use of Rental Bond Clause in Contracts

Rental Bond. Lessee agrees to provide a corporate surety bond or other security satisfactory to Lessor to guarantee payment of one year’s Rent. The amount of the security shall be adjusted annually to reflect the Rent for the upcoming year and shall be renewed, if applicable, not later than 30 Days prior to the expiration date of the then current security. Lessor may waive the requirement of this bond but may thereafter require Lessee to provide this bond.

Rental Bond. Lessee Xxxxxx agrees to provide a corporate surety bond or other security satisfactory to Lessor to guarantee payment of one year’s Rent. The amount of the security shall be adjusted annually to reflect the Rent for the upcoming year and shall be renewed, if applicable, not later than 30 Days prior to the expiration date of the then current security. Lessor may waive the requirement of this bond but may thereafter require Lessee to provide this bond.

Rental Bond. Lessee agrees to provide a corporate surety bond or other security satisfactory to Master Lessor and Lessor to guarantee payment of one year’s Rent. The amount of the security shall be adjusted annually to reflect the Rent for the upcoming year and shall be renewed, if applicable, not later than 30 Days days prior to the expiration date of the then current security. Lessor may waive the requirement of this bond bond, but may thereafter require Lessee to provide this bond.