Securing Deposit. A. The Escrow Bank may cause the Federal Securities accounted for in the Escrow Account to be registered in the name of the Agency for payment, if they are registrable for payment, and in such event shall obtain the necessary endorsements from the duly authorized officials of the Agency as they become due.
Securing Deposit. Tenant shall deposit with Landlord $9,000.00 security deposit as follows; on the signing of this lease the sum of $6,000, upon completion of construction, $3,000.00 additional security is not dependent upon completion of cosmetic touches, including painting. Deposit will not accrue interest. Deposit is security for the performance of Tenant obligations under this lease, including without limitation the surrender of possession of the premises to Landlord as herein provided. If landlord applies any part of the deposit to cure any default of Tenant, Tenant shall on demand deposit with Landlord the amount so applied so that Landlord shall have the full deposit amount at all times during the term of this lease Option to renew. Provided that Tenant is not in default in the performance of this lease, Tenant shall have the option to renew the lease for an additional term of thirty six months commencing at the expiration of the initial lease term. All of the terms and conditions of the lease shall apply during the renewal term except that he monthly rent shall be the sum of $3400 plus a cost of living increase (based on CPI) + $1600 to reflect increases in taxes, utilities and garbage of 1995 base year using 1995 as the base year, for 1996 (and base year of 1996 for 1997 rent). Should taxes or any significant expensable service increase substantially more than the cost of living Elite will be assessed 20% of the increase over and above the CPI. The option shall be exercise by written notice given to Landlord not less than 90 days prior to the expiration of the initial lease term. If notice is not given in the manner provided herein within the time specified, this option shall expire.
Securing Deposit. A. The Escrow Agent may cause the Federal Securities accounted for in the 2022 Escrow Account to be registered in the name of the District or the Escrow Agent on behalf of the District for payment, if they are registrable for payment, and shall obtain any necessary endorsements from the duly authorized officials of the District as such securities become due.
Securing Deposit. The Escrow Agent may cause the Federal Securities accounted for in the 2021A Escrow Account to be registered in the name of the District or the Escrow Agent on behalf of the District for payment, if they are registrable for payment, and shall obtain any necessary endorsements from the duly authorized officials of the District as such securities become due. The District, in connection with any Federal Securities accounted for in the 2021A Escrow Account and held as book-entries shall cooperate with the Escrow Agent and shall forthwith make arrangements with an appropriate representative of the issuer of such Federal Securities, so that the interest on and the principal of the Federal Securities shall be promptly transmitted, as the same become due from time to time, to the Escrow Agent for the benefit of the District. All uninvested money held at any time in the 2021A Escrow Account, to the extent not insured by the Federal Deposit Insurance Corporation, shall be continuously secured by the deposit of Federal Securities in a principal amount and value always not less than the total amount of uninvested money in the 2021A Escrow Account: In any branch of the Federal Reserve Bank, or In any commercial bank which: Is a state or national bank or trust company, and Is a member of the Federal Deposit Insurance Corporation, and Is a member of the Federal Reserve System, and Has a capital and surplus of $10,000,000 or more, and Is exercising full and complete trust powers, and May be located in or outside of the State of Colorado (a “trust bank”), or In any branch of a Federal Reserve Bank and in one or more trust banks (or any combination thereof). Such Federal Securities so held as a pledge shall be used whenever necessary to enable the Paying Agent to pay the Refunded Bond Requirements, to the extent other moneys are not transferred or caused to be transferred for such purpose by the Escrow Agent. Any Federal Securities (except as they may be held as book-entries) and any uninvested moneys accounted for in the 2021A Escrow Account may from time to time be placed by the Escrow Agent for safekeeping wholly or in part in any such trust bank, only if prior to any such transfer the Chief Financial Officer consents thereto in writing. Each such trust bank holding any Federal Securities or any uninvested moneys accounted for in the 2021A Escrow Account shall be furnished by the Escrow Agent with a copy of this Agreement prior to such deposit. By the acceptance of such ...
Securing Deposit. A. The Escrow Agent may cause the Federal Securities accounted for in the Escrow Account to be registered in the name of the City for payment, if they are registrable for payment, and in such event shall obtain the necessary endorsements from the duly authorized officials of the City as they become due.
