Common use of Security for Tenant's Performance Clause in Contracts

Security for Tenant's Performance. Tenant acknowledges that the Retained Funds (as defined in the Purchase Agreement) constitute security for the faithful observance and performance by Tenant of all the terms, covenants and conditions of this Agreement by Tenant to be observed and performed. If any Event of Default shall occur and be continuing, Landlord may, at its option and without prejudice to any other remedy which Landlord may have on account thereof, appropriate and apply the entire amount of the Retained Funds or so much thereof as may be necessary to compensate Landlord toward the payment of the Rent or other sums or loss or damage sustained by Landlord due to such breach by Tenant. It is understood and agreed that the amount of the Retained Funds is not to be considered as prepaid rent, nor shall damages be limited to the amount of the amount of the Retained Funds. Provided this Agreement shall not be terminated as a result of an Event of Default, the Retained Funds shall be paid as provided in the Purchase Agreement.

Security for Tenant's Performance. Tenant acknowledges that the --------------------------------- Retained Funds (as defined in the Purchase Agreement) constitute security for the faithful observance and performance by Tenant of all the terms, covenants and conditions of this Agreement by Tenant to be observed and performed. If any Event of Default shall occur and be continuing, Landlord may, at its option and without prejudice to any other remedy which Landlord may have on account thereof, appropriate and apply the entire amount so much of the Retained Funds or so much thereof as may be necessary to compensate Landlord toward the payment of the Rent or other sums or loss or damage sustained by Landlord due to such breach by Tenant. It is understood and agreed that the amount of the Retained Funds is not to be considered as prepaid rent, nor shall damages be limited to the amount of the amount of the Retained Funds. Provided this Agreement shall not be terminated as a result of an Event of Default, the Retained Funds shall be paid as provided in the Purchase Agreement.

Security for Tenant's Performance. Tenant acknowledges that the --------------------------------- Initial Retained Funds and the Option Retained Funds (as defined in the Purchase Agreement) constitute security for the faithful observance and performance by Tenant of all the terms, covenants and conditions of this Agreement by Tenant to be observed and performed. If any Event of Default shall occur and be continuing, Landlord may, at its option and without prejudice to any other remedy which Landlord may have on account thereof, appropriate and apply the entire amount of the such Retained Funds or so much thereof as may be necessary to compensate Landlord toward the payment of the Rent or other sums or loss or damage sustained by Landlord due to such breach by Tenant. It is understood and agreed that the amount of the such Retained Funds is not to be considered as prepaid rent, nor shall damages be limited to the amount of the amount of the such Retained Funds. Provided this Agreement shall not be terminated as a result of an Event of Default, the such Retained Funds shall be paid as provided in the Purchase Agreement.

Security for Tenant's Performance. Tenant acknowledges that the Retained Funds (as defined in the Purchase Agreement) constitute security for the faithful observance and performance by Tenant of all the terms, covenants and conditions of this Agreement by Tenant to be observed and performed. If any Event of Default shall occur and be continuing, Landlord may, at its option and without prejudice to any other remedy which Landlord may have on account thereof, appropriate and apply the entire amount so much of the Retained Funds or so much thereof as may be necessary to compensate Landlord toward the payment of the Rent or other sums or loss or damage sustained by Landlord due to such breach by Tenant. It is understood and agreed that the amount of the Retained Funds is not to be considered as prepaid rent, nor shall damages be limited to the amount of the amount of the Retained Funds. Provided this Agreement shall not be terminated as a result of an Event of Default, the Retained Funds shall be paid as provided in the Purchase Agreement, Section 3.2(b)(ii) of the Purchase Agreement being incorporated herein by this reference solely for the purpose of setting forth such payment provisions, such Purchase Agreement not having been merged with the Agreement.

Security for Tenant's Performance. Tenant acknowledges that the --------------------------------- Retained Funds (as defined in the Purchase Agreement) constitute security for the faithful observance and performance by Tenant of all the terms, covenants and conditions of this Agreement by Tenant to be observed and performed. If any Event of Default shall occur and be continuing, Landlord may, at its option and without prejudice to any other remedy which Landlord may have on account thereof, appropriate and apply the entire amount of the Retained Funds or so much thereof as may be necessary to compensate Landlord toward the payment of the Rent or other sums or loss or damage sustained by Landlord due to such breach by Tenant. It is understood and agreed that the amount of the Retained Funds is not to be considered as prepaid rent, nor shall damages be limited to the amount of the amount of the Retained Funds. Provided this Agreement shall not be terminated as a result of an Event of Default, the Retained Funds shall be paid as provided in the Purchase Agreement.