SECURI TY DEPOSI T Sample Clauses

SECURI TY DEPOSI T. Security Deposit ( Guaranteed Funds) , if any, shall be held by Lessor, in a m anner consistent 29 with I llinois state law and the executed Lease.
Sample 1
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SECURI TY DEPOSI T. I n the event you have deposited with the Manager a deposit ( the “ Security Deposit” ) , such Security Deposit is m eant to secure your full and faithful perform ance of all obligations under this Lease ( the Security Deposit is not an advance paym ent of Rent and will not be our limit of dam ages if you violate the Lease) . Upon term ination of this Lease by reason of your default hereunder or the expiration of the Term , Landlord m ay deduct from the Security Deposit an am ount sufficient to pay: ( a) any dam ages as a result of your non- paym ent of any Rental I nstallm ent, portion of Rent or non- fulfillm ent of the Term of this Lease including your failure to enter into possession or abandonm ent of the Prem ises; ( b) any reasonable charges for cleaning and dam ages to the Prem ises and Property beyond reasonable wear and tear for which you are responsible; ( c) any unpaid bills which becom e due by virtue of your occupancy, or any utility expense that m ay be forwarded to us due to your non- paym ent; ( d) any costs of re- renting the Prem ises after a default of this Lease by you; ( e) any repair work or cleaning contracted for you with third parties; ( f) any court costs incurred by us in connection with term inating the residency; and ( g) any other dam ages which we m ay sustain which m ay then be a perm it xxx use of the Security Deposit under the applicable laws of the State in which the Property is located. Application of the Security Deposit in order to satisfy all or part of your obligations shall not prevent us from claim ing dam ages in excess of the Security Deposit. I f the Security Deposit is reduced because we have had to apply all or part of it to your unpaid obligations, you agree that on our written dem and, you will deposit with the Manager, within three ( 3) days, the funds necessary to restore the Security Deposit to it s full am ount. You cannot use the Security Deposit to offset or pay in advance any m onth’s Rental I nstallm ent or any other charges under this Lease, but we can use, if we want to, all or any part of the Security Deposit, for any unpaid Rental I nstallm ents or other obligations. Upon a sale and conveyance of the Property, we m xx x xxxxxxx the Security Deposit to the new owner and upon such t ransfer, all of our liability for such Security Deposit shall term inate and we shall have no further liability under this Lease for events occurring after such t ransfer. Upon term ination of this Lease, you shall pro...
Sample 1
SECURI TY DEPOSI T. I f you have placed a Security Deposit with us, your Security Deposit is being held at Bank of Am xxxxx located at 0000 Xxxxxxx Xxxx, Greenville, DE 19807. You agree that we have twenty ( 20) days, if we intend to im pose a claim on the Security Deposit, after you vacate the Prem ises for expiration or term ination of the Lease Contract, to return to you all or any unused portion of the Security Deposit, as applicable. I n the event we im pose a claim on the Security Deposit, we shall provide to you a description and item ized list ing of deductions that we have taken from the Security Deposit.
Sample 1

Related to SECURI TY DEPOSI T

  • SECURITY DEPOSIT Tenant has deposited or concurrently herewith is depositing with Landlord the sum set forth in Article 1.F. of the Basic Lease Provisions as security for the full and faithful performance of every provision of this Lease to be performed by Tenant. If Tenant breaches any provision of this Lease, including but not limited to the payment of rent, Landlord may use all or any part of this security deposit for the payment of any rent or any other sums in default, or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant's default. If any portion of said deposit is so used or applied, Tenant shall, within five (5) days after written demand therefor, deposit funds with Landlord in a form acceptable under Section 3(b) above and in an amount sufficient to restore the security deposit to its full amount. Tenant agrees that Landlord shall not be required to keep the security deposit in trust, segregate it or keep it separate from Landlord's general funds, but Landlord may commingle the security deposit with its general funds and Tenant shall not be entitled to interest on such deposit. At the expiration of the Term, and provided there exists no default by Tenant hereunder, the security deposit or any balance thereof shall be returned to Tenant (or, at Landlord's option, to Tenant's "Transferee", as such term is defined in Article 15 below), provided that subsequent to the expiration of this Lease, Landlord may retain from said security deposit (i) an amount reasonably estimated by Landlord to cover potential Direct Cost reconciliation payments due with respect to the calendar year in which this Lease terminates or expires (such amount so retained shall not, in any event, exceed ten percent (10%) of estimated Direct Cost payments due from Tenant for such calendar year through the date of expiration or earlier termination of this Lease and any amounts so retained and not applied to such reconciliation shall be returned to Tenant within thirty (30) days after Landlord's delivery of the Statement for such calendar year), (ii) any and all amounts reasonably estimated by Landlord to cover the anticipated costs to be incurred by Landlord to remove any signage provided to Tenant under this Lease, to remove cabling and other items required to be removed by Tenant under Section 29(b) below and to repair any damage caused by such removal (in which case any excess amount so retained by Landlord shall be returned to Tenant within thirty (30) days after such removal and repair), and (iii) any and all amounts permitted by law or this Article 4. Tenant hereby waives the provisions of Section 1950.7 of the California Civil Code and all other provisions of law, now or hereafter in effect, which provide that Landlord may claim from a security deposit only those sums reasonably necessary to remedy defaults in the payment of rent, to repair damage caused by Tenant or to clean the Premises, it being agreed that Landlord may, in addition, claim those sums specified in this Article 4 above, and all of Landlord's damages under this Lease and California law including, but not limited to, any damages accruing upon termination of this Lease under Section 1951.2 of the California Civil Code and/or those sums reasonably necessary to compensate Landlord for any other loss or damage, foreseeable or unforeseeable, caused by the acts or omissions of Tenant or any officer, employee, agent, contractor or invitee of Tenant.

  • 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) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

  • Xxxxxxx Money (Security Deposit) 5.1 While submitting commercial bid, the BIDDER shall deposit an amount………. (to be specified in RFP) as Xxxxxxx Money/Security Deposit, with the BUYER through any of the following instruments:

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.”

  • REFUND OF SECURITY DEPOSIT MANAGEMENT agrees to refund the security deposit to RESIDENT upon satisfaction of all lease provisions, and all of the following conditions, or as otherwise required by applicable Virginia Law.

  • Cleaning Allowance The University will pay for the cleaning of Department issued uniforms and necessary work clothing requiring cleaning worn by employees assigned to non-uniformed positions.

  • Shoe Allowance The Employer will provide reimbursement to full-time employees who have completed probation and who are employed in the kitchen and stewarding departments, once per year in the amount of eighty-five dollars ($85.00) and once every two (2) years in the amount of eighty-five dollars ($85.00) for maintenance and banquet houseperson. Employees will receive said amount as long as the shoes are approved by the Employer and as long as the shoes are worn on the job. Payment will be made on or about July 1 upon presentation of proof of purchase.

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