Security Deposit Increase. If Tenant is in default under this Lease more than four (4) times within any twelve-month period, irrespective of whether or not such default is cured, then, without limiting Landlord's other rights and remedies provided for in this Lease or at law or equity, the Security Deposit shall automatically be increased by an amount equal to the greater of:
a) two (2) times the original Security Deposit; or
b) three (3) months' Minimum Rent, which shall be paid by Tenant to Landlord forthwith on demand.
Security Deposit Increase. A security deposit increase (in connection with having a satellite dish or antenna) is required. Your security deposit (in your lease contract) will be increased by an additional sum of $100 (one hundred) in order to help protect us against possible repair costs, damages, or failure to remove at time of move out. This security deposit does not imply a right to drill or otherwise alter the lease premises.
Security Deposit Increase. Commencing March 1, 2013, the Security Deposit shall be adjusted to equal $7,758.00*, Lessee shall pay to Lessor the sum of $0.00 concurrent with the commencement of this Amendment representing the Increase in Security Deposit. Balance Due: $0.00.
Security Deposit Increase. In Paragraph 6.2(a) of the Lease Form, Lessor's ------------------------- ability to demand an increase in the security deposit shall be limited to the instance where a complaint is filed by any municipal, state, or federal governmental or quasi-governmental agency, department, commission, board or bureau against Lessee concerning Lessee's alleged discharge, disposal, spillage, storage, generation, use, or cleanup of Hazardous Substances on, in, or under the Premises. The maximum amount the security deposit may be rated in such instance is 100 percent. If such complaint is dismissed with prejudice, then the increase in the security deposit shall be returned to Lessee.
Security Deposit Increase. Landlord acknowledges that it is holding a cash security deposit in the amount of $78,835.80 pursuant to the Original Lease. If at any time during the term of this Lease, including the original term, the Extended Term, or the Option Term, Tenant's liquid assets (defined as cash, bank deposits and marketable securities) ("Liquid Assets") fall below $100,000,000.00 as indicated by Tenant's then-current Form 10-K or Form 10-Q filed with the Securities and Exchange Commission or any Estimate of Liquid Assets requested by Landlord pursuant to Paragraph 6(b) below ("Trigger Date"), then Tenant shall provide a letter of credit to Landlord within thirty (30) days of the Trigger Date which complies with the remaining provisions of this Paragraph 5 (the "Letter of Credit"), which shall be held by Landlord as security for the performance of Tenant's obligation under the Lease throughout the remainder of the term of the Lease except as detailed below. If at any tiem during the original term, Extended Term or Option Term, if any, a Trigger Date occurs, and thereafter Tenant maintains Liquid Assets in the amount of $125,000,000.00 or greater for four (4) consecutive calendar quarters as shown on Tenant's Form 10-K or Form 10-Q, as applicable, Landlord shall return the Letter of Credit to Tenant within twenty (20) days after the Form 10-K or Form 10-Q, as applicable, for the last of the four (4) calendar quarters has been received by Landlord and the provisions of this Paragraph 5 shall no longer apply unless Tenant's Liquid Assets again drop below $100,000,000.00.
(a) The Letter of Credit shall be in the amount of $2,000,000.00.
(b) The Letter of Credit shall (i) be issued by Xxxxx Fargo Bank or another commercial bank reasonably satisfactory to Landlord and Tenant ("Issuer"), (ii) be a standby, irrevocable letter of credit payable at sight, (iii) be payable to Landlord, (iv) certify that Landlord is entitled to draw thereon in the amount requested as a result of a default, beyong applicable notice and cure periods, by Tenant under the Lease, and (v) shall not expire prior to one (1) year or longer after the date of its issuance.
(c) At least thirty (30) days prior to expiration of the Letter of Credit then in effect, Tenant shall cause the Issuer to issue and deliver to Landlord a new Letter of Credit to replace the expiring Letter of Credit ("Replacement Letter of Credit"). The Replacement Letter of Credit shall be in the same amount as the expiring Letter of Credit a...
Security Deposit Increase. In the event Tenant exercises its Expansion Right, the Security Deposit shall be increased proportionately to reflect the increase in monthly Base Rent resulting from the expansion of the Premises. In such event, Tenant shall cause to be delivered to Landlord, prior to the date on which an amendment to the Lease is executed memorializing such expansion, a replacement or supplementary letter of credit, in accordance with and subject to the terms of Section 6, reflecting the increased amount of the Security Deposit.
Security Deposit Increase. Security Deposit shall remain the same.
Security Deposit Increase. Effective as of the date of this Second Amendment, the Security Deposit held by Landlord pursuant to the Lease shall be increased by the additional amount of $23,240.00 representing increases in the Security Deposit in the amount of (i) $2,640.00 with respect to the Second Expansion Space and (ii) $20,600.00 with respect to the Third Expansion Space. Accordingly, Tenant shall deposit the necessary additional amounts to be added to the Security Deposit so that from and after the date of this Second Amendment, the amount of the Security Deposit deposited with Landlord under the Lease shall be in the aggregate amount of $55,606.12 and the definition of the term "Security Deposit" shall be increased and adjusted to be $55,606.12 for all purposes under the Lease. Such additional amounts as may be necessary to be deposited with Landlord hereunder shall be paid to Landlord simultaneously with the execution and delivery of this Lease.
Security Deposit Increase. Contemporaneous with the execution of this Amendment, Tenant shall pay to Landlord the additional amount of Fifty One Thousand Nine Hundred Fifty Three Dollars and Ten Cents ($51,953.10), thereby increasing the total Security Deposit to Fifty Seven Thousand Six Hundred Sixty Six Dollars and Sixty Cents ($57,666.60).
Security Deposit Increase. The security deposit referred to in Paragraph 4.F., Security Deposit, on execution of this Lease Modification Agreement, shall be increased to SIXTY-SEVEN THOUSAND SIX HUNDRED EIGHTY DOLLARS ($67,680.00).
