Common use of Security Deposit Account Clause in Contracts

Security Deposit Account. If required by Owner or law, tenant security deposits will be deposited by Pinnacle in a separate interest-bearing account established in the name of Owner and at a financial institution approved by Owner. Except to the extent prohibited by law or tenants' leases, all interest earned on this account will be distributed to Owner on a monthly basis. Pinnacle agrees to handle all tenant security deposits in accordance with all applicable laws and regulations and in compliance with the leases of the Project.

Security Deposit Account. If required by Owner or law, tenant security deposits will be deposited by Pinnacle Manager in a separate interest-bearing account established in the name of Owner and at a financial institution approved by Owner. Except to the extent prohibited by law or tenants' ’ leases, all interest earned on this account will be distributed to Owner on a monthly basisbasis as specified by Section 4.6. Pinnacle Manager agrees to handle all tenant security deposits in accordance with all applicable laws and regulations and in compliance with the leases of the ProjectProperty.

Security Deposit Account. If required by Owner or law, tenant security deposits will be deposited by Pinnacle Manager in a separate interest-bearing account established in the name of Owner and at a financial institution approved by Owner. Except to the extent prohibited by law or tenants' ’ leases, all interest earned on this account will be distributed to Owner on a monthly basis. Pinnacle agrees to handle all tenant security deposits in accordance with all applicable laws and regulations and in compliance with the leases of the Project.as specified by Section

Security Deposit Account. If required by Owner or law, tenant security deposits will be deposited by Pinnacle Manager in a separate interest-bearing account established in the name of Owner and at a financial institution approved by Owner. Except to the extent prohibited by law or tenants' leases, all interest earned on this account will be distributed to Owner on a monthly basis. Pinnacle agrees to handle all tenant security deposits in accordance with all applicable laws and regulations and in compliance with the leases of the Projectbasis as specified by SECTION 4.

Security Deposit Account. If required by Owner or law, tenant security deposits will be deposited by Pinnacle in a separate non-interest-bearing account established in the name of Owner and at a financial institution approved by Owner. Except to the extent prohibited by law or tenants' leases, all interest earned on this account will be distributed to Owner on a monthly basis. Pinnacle agrees to handle all tenant security deposits in accordance with all applicable laws and regulations and in compliance with the leases of the Project.

Security Deposit Account. If required by Owner or law, tenant security deposits will be deposited by Pinnacle PINNACLE in a separate interest-bearing account established in the name of Owner and at a financial institution approved by Owner. Except to the extent prohibited by law or tenants' leases, all interest earned on this account will be distributed to Owner on a monthly basis. Pinnacle PINNACLE agrees to handle all tenant security deposits in accordance with all applicable laws and regulations and in compliance with the leases of the Project.