Common use of Return of Letter of Credit Clause in Contracts

Return of Letter of Credit. To the extent that Landlord has not previously drawn upon the Letter of Credit, and to the extent that Tenant is not otherwise in default of its obligations under the Lease as of the termination date of the Lease, Landlord shall return the Letter of Credit to Tenant within thirty (30) days after the expiration or termination of the Term of the Lease.

Appears in 1 contract

Samples: Lease Agreement (Indevus Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Return of Letter of Credit. To the extent that Landlord has not previously drawn upon the Letter of Credit, and to the extent that Tenant is not otherwise in default of its obligations under the Lease as of the termination date of the Lease, Landlord shall return the Letter of Credit to Tenant within thirty (30) days after following the expiration or termination of the Term Term; provided however, no such release shall occur at any time when Tenant has failed to perform any of its obligations under the under the Lease, regardless of whether any applicable notice or cure periods have expired.

Appears in 1 contract

Samples: Lease Agreement (Online Resources Corp)

Return of Letter of Credit. To the extent that Should Tenant comply with all of such terms, covenants and conditions and promptly pay all sums payable by Tenant to Landlord has not previously drawn upon hereunder, the Letter of Credit, and Credit shall be returned to Tenant within thirty-one (31) days following the extent that Tenant is not otherwise in default of its obligations under the Lease as end of the termination date term of the Lease, less any portion thereof which may have been utilized by Landlord shall return the Letter of Credit to Tenant within thirty (30) days after the expiration cure any default or termination of the Term of the Leaseapplied to any damage suffered by Landlord.

Appears in 1 contract

Samples: Lease Agreement (Tolerrx Inc)

AutoNDA by SimpleDocs

Return of Letter of Credit. To the extent that Landlord has not previously drawn upon the Letter of Credit, and to the extent that Tenant is not otherwise in default of its obligations under the Lease as of the termination date of the Lease, Landlord shall return the The Letter of Credit (less any amounts thereof applied by Landlord pursuant to this Article 43) shall be returned to Tenant within thirty (30) days after the expiration or termination Expiration Date, the delivery of exclusive possession of the Term Premises to Landlord in the condition required by this Lease and the performance of all of the Leaseother obligations of Tenant to be performed either prior or subsequent to, or as of, the expiration of the Term.

Appears in 1 contract

Samples: Lease (Alexanders Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!