Security Deposit and First Month’s Rent. (a) On or before the Commencement Date Tenant agrees to deposit with Landlord the sum of Fourteen Thousand ($14,000.00), to be applied as follows: Rent for lst and last quarters in the amount of $12,000.00 and $2,000.00 as a security deposit for the full performance of this lease by Tenant, to be returned to Tenant by Landlord within sixty (60) days after the termination of the Lease, provided Tenant is not in default. Tenant shall not be entitled to interest on the security deposit, and Landlord may commingle the security deposit with other funds.
(b) In the event Tenant shall default in the performance of any of the terms or provisions or covenants of this Lease, which default shall continue for three (3) days after notice thereof, Landlord, at its option, may apply said security deposit to the extent required to cure such default, but Landlord shall not be required to do so, and at its election, may enforce any remedies available to Landlord under this Lease and applicable law. Tenant agrees that, in the event said security deposit or any portion thereof, is applied by Landlord to cure any default of Tenant under this Lease, Tenant will promptly pay to Landlord an amount sufficient to restore the original security deposit in full, and its failure to do so shall be deemed a default under the terms of this Lease.
(c) Landlord shall deliver the security deposit to the purchaser of Landlord’s interest in the Premises, in the event that such interest is sold; and thereupon such purchaser shall assume Landlord’s responsibility with respect to said deposit, and Landlord shall be released from all further liability for return or accounting of the security deposit.
Security Deposit and First Month’s Rent. Upon execution of the Sublease by both parties, and satisfaction of the conditions set forth in Section 15, Sublessee shall deliver to Sublessor a security deposit in the amount of Thirty-Three Thousand Two Hundred Forty Three and 21/100 Dollars ($33,243.21) and the first month's rent in the amount of Thirty-Three Thousand Two Hundred Forty Three and 21/100 Dollars ($33,243.21).
Security Deposit and First Month’s Rent. Concurrently with Tenant’s delivery of this Amendment, Tenant shall deliver the sum of (a) $17,751.00 to Landlord, which sum shall be added to the Security Deposit presently being held by Landlord in accordance with Section 4.3 of the Lease, and (b) $14,770.00 (i.e., the initial installment of 1 full month of Basic Rent for Suite 1180). Effective as of the date of this Amendment, Assignor and Tenant hereby authorize Landlord to transfer $7,453.00 of the Security Deposit presently being held by Landlord pursuant to Section 4.3 of the Lease, and apply such funds to the security deposit required by Landlord under the new lease for Suite 490 between Landlord and Assignor.
Security Deposit and First Month’s Rent. Tenant shall pay the first month’s installment of Base Rent on the Effective Date of this Lease. The Security Deposit shall be delivered to Landlord on the Effective Date and held by Landlord without liability for interest (unless required by Law) as security for the performance of Tenant’s obligations. The Security Deposit is not an advance payment of Rent or a measure of damages. Landlord may use all or a portion of the Security Deposit to satisfy past due Rent or to cure any Default (defined in Section 17) by Tenant. If Landlord uses any portion of the Security Deposit, Tenant shall on demand restore the Security Deposit to its original amount. Landlord shall return any unapplied portion of the Security Deposit to Tenant within 45 days after the later to occur of: (a) determination of the final Rent due from Tenant; or (b) the later to occur of the Termination Date or the date Tenant surrenders the Premises to Landlord in compliance with Section 24. Landlord shall not be required to keep the Security Deposit separate from its other accounts. Tenant hereby grants the Landlord a security interest in the Security Deposit.
Security Deposit and First Month’s Rent. On or before June 15, 2009, Sub-Lessee shall pay to Doral 04, Inc. the sum of $10,314.80, as and for its $5,157.40 first month’s rent and $5,157.40 Security Deposit. It is agreed that, in the event Sub-Lessee defaults in respect of any the terms, provisions, and conditions of this Sub-Lease, including, but not limited to, the payment of rent, Sub-Lessor may (in addition to the remedies set forth in Section 16 below) use, apply, or retain the whole or part of the security so deposited to the extent required for the payment of any rent or any other sum as to which Sub-Lessee is in default or for any sum which Sub-Lessor may expend or may be required to expend by reason of Sub-Lessee's default in respect of any of the terms, covenants, and conditions of this Lease, including, but not limited to, any damages or deficiency accrued before or after summary proceedings or other re-entry by Sub-Lessor.
Security Deposit and First Month’s Rent. Security Deposit: -$4,280.00- October 2017 Rent: -$2,140.00-
Security Deposit and First Month’s Rent. The Security Deposit in the amount of Ten Thousand Three Hundred Six and 71/100 Dollars ($10,306.71) and the First Month’s Rent in the amount of Ten Thousand Three Hundred Six and 71/100 Dollars ($10,306.71) are due and payable upon Lease execution by both Tenant and Landlord. Check(s) should be made payable to 000 Xxxxxxxx Xxxxxxx Associates.
Security Deposit and First Month’s Rent. Sixty Nine Thousand Four Hundred Sixty Five and 79/100 Dollars ($69,465.79) of the Security Deposit, and the monthly rent for the first calendar month in which full rent is due in the amount of Thirty One Thousand Three Hundred Thirty Three and 33/100 Dollars ($31,333.33), are due and payable upon Lease execution by Tenant. The remaining portion of such Security Deposit [Twenty Six Thousand Eight Hundred Twenty Nine and 38/100 Dollars ($26,829.38)] shall be due and payable at such time as the Security Deposit is refunded to Tenant under Tenant's Galleria 600 Lease (as hereinafter defined), or would have been refunded but for application pursuant to Tenant's Galleria 600 Lease.
Security Deposit and First Month’s Rent. Upon execution of this Lease Expansion, Tenant shall deliver to Landlord checks in the amount of:
(i) $6,862.00 which represents a security deposit for the Additional Space so that the security deposit for the Total Premises will be $36,862.
(ii) $3,431.00 representing the base rental payment for the first full month for the Additional Space, for which the Tenant is liable, which payment will be for the first day of the third full month of the term.
Security Deposit and First Month’s Rent. Subtenant shall deposit with Overtenant a security deposit which is equivalent to two (2) months fixed rent and pay the first month's rent upon signing this Sublease. Failure to make such payments shall be deemed an event of default.
