Security Deposit Account. If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.
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Samples: Property Management Agreement, Property and Asset Management Agreement (Strategic Realty Trust, Inc.), Property and Asset Management Agreement (Strategic Realty Trust, Inc.)
Security Deposit Account. If applicable law or a Lender requires a segregated account of Tenant Tenants' (as defined hereafter) security deposits, Property Manager MANAGER will open a separate account at a reputable bank or other financial institution. Property Manager MANAGER may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Leaselease.
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