SECURITY DEPOSIT AND ADVANCE RENT. All security deposits and advance rent must be held by Broker in a Florida banking institution and in accordance with Chapter 83, Florida Statutes. Broker shall have full responsibility to collect rents, deposit and hold funds received on behalf of tenant as required by Chapter 83.49, Florida Statutes and disburse the security deposit to the tenant in accordance with Florida law. Owner shall indemnify Broker in the event Tenant sues Broker over a dispute concerning Owner's disposition of the security deposit or advance rent.
SECURITY DEPOSIT AND ADVANCE RENT. Xxxxxx agrees to pay Landlord: The sum of the Security Deposit Charges of <<Security Deposit Charges>> will be held as a security deposit for faithful performance by Tenant of all terms, covenants, and conditions of this lease. The deposit may be applied by the Landlord for any monies owed by Tenant under the lease or Florida law, physical damages to the premises, costs, and attorney's fees associated with Xxxxxx's failure to satisfy the full terms and conditions of the lease. Tenant cannot dictate that this deposit be used for any rent due. If tenant breaches the lease by abandoning, surrendering or being evicted from the rental premises prior to the lease expiration date (or the expiration of any extension thereof), the deposit will be forfeited as special liquidated damages to off-set the costs of re-letting the rental premises. Tenant will still be responsible for unpaid rent, physical damages, future rent due, attorney's fees, costs and any other amounts due under the terms of the tenancy or Florida law. The security (and advance rent, if applicable) will be held in the following manner: Deposited in a separate non-interest bearing account with SunTrust Bank, N.A. 000 X. Xxxxxx Xxxxxx, Xxxxxxx, XX 00000. Unless premises are vacated or abandoned by Tenant prior to expiration of the Term of this Agreement, within fifteen (15) days following the termination of the Rental Agreement, Landlord shall return the security deposit to the Tenant. However, if Xxxxxxxx intends to impose a claim on the deposit monies, Landlord will have thirty (30) days to give Tenant notice by certified mail to a forwarding address furnished by Xxxxxx in writing or if none given, to the last known mailing address of Tenant, of Xxxxxxxx's intention to impose a claim on the deposit monies and the reason for the claim. Unless Tenant objects to the imposition of Landlord's claim, or the amount thereof, within fifteen (15) days after receipt of Landlord's notice, Landlord may then deduct the amount of the claim and remit any balance of the deposit monies to Tenant within thirty (30) days after the date of the Landlord's initial notice. Said remittance will be made payable to all of the persons signing this Agreement, and mailed to the same address to which Xxxxxxxx's initial notice was sent. Security deposit refunds, if any, shall be made out in the names of all Tenants in one check, and, may not be picked up in person from the Landlord.
SECURITY DEPOSIT AND ADVANCE RENT. Upon execution of this Contract, the LESSEE shall pay the LESSOR a Security Deposit, the amount of which is stated in Section IV of the Basic Lease Provisions, to serve as security for the full and faithful compliance of each and every term, provision, covenant, and condition of this lease. The LESSOR shall not be required to keep the Security Deposit from its general funds and the LESSEE shall not be entitled to interest on such deposit. The Security Deposit shall remain intact during the entire term of this lease and the LESSEE cannot demand that it be applied as payment for any of its monetary obligations under this Contract. In the event the LESSEE satisfies the LESSOR of its full and faithful performance and compliance with every provision of this lease, the Security Deposit shall be refunded to the LESSEE not later than sixty (60) days after the expiration of the lease term. The LESSEE shall likewise satisfy any and all monetary obligations to the LESSOR, and shall completely and satisfactorily vacate, deliver, and surrender the leased premises in as good condition as it was prior to the lease except for depreciation due to ordinary wear and tear, to the LESSOR. Subject to the provisions of this Contract, in the event the LESSEE terminates this Contract before the expiry date for whatever reason, the Security Deposit, shall be automatically forfeited in favor of the LESSOR, to cover expenses incurred by the LESSOR arising from this lease arrangement, such as commissions paid to brokers, documentation expenses, etc., except when such termination is by reason of any civil or political disturbances and/or uprising, act of war, state of national emergency declared by STANDARD GTC – CYBERGATE (OFFICE) the proper government body, or any other circumstances beyond the control of the LESSEE and/or its assignee. In which case, the Security Deposit or the unused Advanced Rent shall be returned by the LESSOR to the LESSEE not later than sixty (60) days from the termination of this Contract. The LESSEE’s liability for any breach of this Contract or for any obligation for the leased premises shall not be limited to the amount of the said Security Deposit. In addition, the LESSEE shall pay the LESSOR an Advance Rent, the amount of which is stated in Section V of the Basic Lease Provisions. The said amount shall be applied to the rent for the last number of months to which it corresponds or is equivalent. In the event of pre-termination of this Contract before the ...
SECURITY DEPOSIT AND ADVANCE RENT. Concurrent with execution of this Lease for purposes of this Lease, "Lease I", Tenant has executed a lease (for purposes of this Lease, "Lease II") of a portion of the space in an office/flex building located at 0000 XX Xxxxxxxxxx Xxxxx, Xxxxxxxxx, Xxxxxx. To secure Tenant's compliance with all of the terms and provisions of this Lease I., and with all of the terms and provisions of Lease II, upon execution of this Lease, Tenant shall provided Landlord one security deposit of either:
SECURITY DEPOSIT AND ADVANCE RENT. Concurrent with the execution of this lease, Lessee has deposited with Lessor the amount of $11,642.34, as payment for the first month and partial payment for last month rent. The receipt of which is acknowledged by Lessor for Lessee’s payment of the agreed rent. For the security deposit, Lessee shall pay Lessor a total of $5,624.32, also due upon execution of the lease agreement. lf, at any time Lessee defaults in any provision of this lease, Lessor will have the right to use the security deposit or as much of it as may be necessary to pay any rent in default, any expense incurred by Lessor in curing any default by Lessee, or any damages incurred by Lessor by reason of Lessee’s default. if the security deposit is not used for any such purpose, it shall be refunded to Lessee on the expiration of this lease. This sum shall be retained by Lessor as security for Leesee’s payment of the agreed rent. Lessee will not be entitled to interest on the security deposit. The Lessee acknowledges and understands that the Lessor will hold advance rent of $5,624.32 and shall be consider as payment in escrow for the last month rent.
SECURITY DEPOSIT AND ADVANCE RENT. Upon execution of this Sublease, the --------------------------------- Sublessee shall deliver to Sublessor a cashier's check in the amount of forty-six thousand, seventy-five dollars and thirty-four cents ($46,075.34), which represents the first month's rent and twenty-three thousand, thirty-seven dollars and sixty-seven cents ($23,037.67) as a security deposit.
SECURITY DEPOSIT AND ADVANCE RENT. Within thirty (30) days of the full execution of this Lease Agreement, Tenant will pay to Landlord the sum of One Hundred Thirty-Five Thousand Dollars and Zero Cents ($135,000.00) payable in the following manner:
(a) Forty-Five Thousand Dollars and Zero Cents ($45,000.00) certified funds to be credited toward partial payment of the first month's rent. The balance of the first month's rent ($46,100.62) will be due January 1, 1989.
(b) Ninety Thousand Dollars and Zero Cents ($90,000.00) in the form of an irrevocable "Letter of Credit" made to the favor of the Landlord, issued by a local savings and loan or bank (chartered in the state of Maryland) and available upon demand by Landlord. Upon occupancy and Lease Commencement, a revised Letter of Credit will be issued to Landlord, under the same terms and conditions as stated above, in the amount of Forty-Five Thousand Dollars and Zero Cents ($45,000.00). Said revised Letter of Credit will be held by Landlord as security deposit during the term of this Lease and in accordance with Paragraph 6.3 of this Lease Agreement.
SECURITY DEPOSIT AND ADVANCE RENT. The Lessor acknowledges receipt of Dollars ($ ) to be paid upon the execution of this Lease as security for the premises. Lessor shall retain the security deposit for the Lessee’s faithful performance of this Lease. The Lessor is not obligated to apply the security deposit or advance rent to rents or other charges in arrears or on damages for the Lessee’s failure to perform the Lease. However, the Lessor may so apply the security at its option and Lessor's right to possession of the premises for nonpayment of the rent or for any other reason shall not in any event be affected by reason of the fact that Lessor holds this security. The advance rent may be applied to any damage to the unit. The security deposit, if not applied toward payment of arrearages or damages as herein provided, is to be returned to the Lessee when the Lease is terminated, after the Lessee has vacated the premises and delivered possession to the Lessor in the same condition as delivered to Lessee at the commencement of the Lease, ordinary wear and tear expected. If the Lessor repossesses the premises because of the Lessee’s default or breach, the parties acknowledge that the security deposit may be retained by the Lessor as liquidated damages, consideration for the execution of this Lease and in full settlement of all claims. The security deposit will be held in a non-interest bearing account.
SECURITY DEPOSIT AND ADVANCE RENT. (i) Tenant shall deposit with Landlord at the time of execution of this Lease a "Security Deposit" of Ten Thousand Five Hundred Seventy-Nine Dollars ($10,579.00). The Security Deposit shall be paid by Tenant to guarantee performance of its covenants in this Lease. Landlord's receipt of the Security Deposit shall be confirmed by Landlord in the Lease Commencement Agreement, and the Security Deposit shall not be deemed to have been paid by Tenant unless and until Landlord's receipt thereof is so confirmed. To the extent the Security Deposit has not been applied pursuant to the terms of this Lease, it will be returned to Tenant following the termination of this Lease. In addition to any and all other remedies available to Landlord under this Lease, the Security Deposit may be used at any time by Landlord to cure or compensate Landlord for any breaches of the Lease by Tenant. To the extent Landlord makes any such use of the Security Deposit, Tenant will immediately replenish it to its original amount. Landlord is not required to put the Security Deposit into escrow or pay or accrue any interest on it. The Security Deposit may not be used or applied by Tenant in lieu of Basic Annual Rent.
SECURITY DEPOSIT AND ADVANCE RENT. Tenant shall increase its security deposit ("Security Deposit") by an additional $15,875.75 concurrent with its execution of this First Amendment as well as paying advance rent for the month of November, 1998 in the same amount of $15,875.75, also with the execution of this First Amendment.
