Common use of Return of Letter of Credit at End of Term Clause in Contracts

Return of Letter of Credit at End of Term. Within 45 days after the expiration of the term, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there is not at such time any continuing default of any of Tenant’s obligations under this Lease.

Appears in 10 contracts

Samples: Office Lease (Trine Acquisition Corp.), Purchase and Sale Agreement, Office Lease (Avedro Inc)

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Return of Letter of Credit at End of Term. Within 45 days after the expiration of the term, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided Tenant, less so much thereof that there Landlord reasonably estimates is not at such time necessary to compensate Landlord toward the curing of any continuing default of any of Tenant’s obligations under this Lease, specifically including any restoration obligations under Section 6.1.9.

Appears in 3 contracts

Samples: Office Lease (Avid Technology, Inc.), Office Lease (Avid Technology, Inc.), Commencement Date Agreement (Avid Technology, Inc.)

Return of Letter of Credit at End of Term. Within 45 thirty (30) days after the expiration of the termTerm, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there Tenant is not at such time any continuing then in default of any of Tenant’s its obligations under this Lease.

Appears in 2 contracts

Samples: Lease (Biolife Solutions Inc), Commencement Date Agreement (Tokai Pharmaceuticals Inc)

Return of Letter of Credit at End of Term. Within 45 30 days after the expiration of the term, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there is not at such time any continuing default of any of Tenant’s 's obligations under this Lease.

Appears in 2 contracts

Samples: Acme Packet Inc, Acme Packet Inc

Return of Letter of Credit at End of Term. Within 45 thirty (30) days after the expiration of the termTerm, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there Tenant is not at such time any continuing then in default of any of Tenant’s its obligations under this LeaseLease after delivery of any required notice and the expiration of any applicable cure period.

Appears in 1 contract

Samples: Commencement Date Agreement (Kura Oncology, Inc.)

Return of Letter of Credit at End of Term. Within 45 days after the expiration of the term, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there is not at such time any continuing default of any of Tenant’s obligations under this the Lease, and if there is any continuing default, then within ten (10) days after the curing of such default.

Appears in 1 contract

Samples: Lease (American Science & Engineering Inc)

Return of Letter of Credit at End of Term. Within 45 days after the expiration of the term, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there is not at such time any continuing default of any of Tenant’s obligations under this Lease.. ​

Appears in 1 contract

Samples: Lease (Desktop Metal, Inc.)

Return of Letter of Credit at End of Term. Within 45 30 days after the expiration of the term, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there Tenant is not at such time any continuing then in default of any of Tenant’s its obligations under this Lease." All of the terms, conditions, and provisions of the Lease, including those amended hereby, are ratified and confirmed and shall remain in full force and effect.

Appears in 1 contract

Samples: Ibasis Inc

Return of Letter of Credit at End of Term. Within 45 days after the expiration of the term, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same Letter of Credit and/or Security Proceeds (or such portion thereof that remains following any draw made by Landlord thereupon pursuant to Tenant provided that there is not at such time any continuing default the terms of any of the Lease) to Tenant’s obligations under this Lease.

Appears in 1 contract

Samples: Green Mountain Coffee Roasters Inc

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Return of Letter of Credit at End of Term. Within 45 days after the expiration of the term, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there is not at such time any continuing default of any of Tenant’s obligations under this Lease.. A R T I C L E 5

Appears in 1 contract

Samples: Office Lease (Exa Corp)

Return of Letter of Credit at End of Term. Within 45 30 days after the expiration of the term, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there Tenant is not at such time any continuing then in default of any of Tenant’s its obligations under this Lease."

Appears in 1 contract

Samples: Ibasis Inc

Return of Letter of Credit at End of Term. Within 45 days after the expiration or earlier termination of the term, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there is not at such time any continuing default of any of Tenant’s obligations under this Lease.

Appears in 1 contract

Samples: Infraredx Inc

Return of Letter of Credit at End of Term. Within 45 forty-five (45) days after the expiration of the termTerm, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there is not at such time any continuing default of any of Tenant’s obligations under this Lease.

Appears in 1 contract

Samples: Office Lease (Myomo, Inc.)

Return of Letter of Credit at End of Term. Within 45 days after the expiration of the term, to the extent Landlord has not previously drawn upon any Letter of Credit or Security Proceeds held by Landlord, Landlord shall return the same to Tenant provided that there is not at such time any continuing default of any of Tenant’s 's obligations under this Lease.

Appears in 1 contract

Samples: Oak Technology Inc

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