TENANT DEPOSIT Sample Clauses

TENANT DEPOSIT. In terms of Tenancy Deposit Schemes (Scotland) Regulations 2011 you require to pay any deposit taken to an approved Deposit Scheme Provider (TD Scheme) as well as issue certain information to the tenant(s) all within 30 working days of the start of the tenancy. HT Homess will do that for the landlord unless specifically instructed not to by the landlord. Failure to pay a deposit into a TD Scheme or issue the required information to tenant(s) may result in the landlord being ordered to pay a sum equivalent to 3 times the original deposit to the tenant(s) as well as being ordered to pay the deposit into a TD Scheme. The Deposit itself will be held by the TD Scheme and they will retain any interest earned on that deposit. At the end of the tenancy the landlord should make an application to the TD Scheme for repayment of the Deposit. This claim should set out the end date of the tenancy and what proportion of the deposit should be repaid to the tenant(s) as well as any claim against the Deposit. If the repayment proposal is agreed, it will be repaid within 5 working days of notification of that agreement to TD Scheme. If the tenants dispute the repayment claim then the dispute will normally be remitted to an independent adjudicator to decide the issue. Although the provision of Alternative Dispute Resolution (ADR) is free to users and will normally be covered by the End of Tenancy Fee, HT Homess reserve the right to charge an additional fee to Landlords in the event that a dispute goes to adjudication, which will be calculated in accordance with Clause 42 “Agent’s Time”.
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TENANT DEPOSIT. Each Tenant shall pay a $500 deposit at the beginning of their first months billing. The deposit will be refunded at the end of Tenant’s lease.
Sample 1
TENANT DEPOSIT. $7,500 of the Deposit shall be applied to the Tenant deposit for the performance by Tenant of the provisions of the Lease. If Tenant is in default, Landlord can use the Tenant deposit, or any portion of it, to cure the default or to compensate Landlord for all damage sustained by it resulting from Tenant's default. Tenant shall on demand immediately pay to Landlord the sum necessary to replenish the Tenant deposit to that initially deposited with Landlord. If Tenant is not in default at the expiration or termination of this Lease, Landlord shall return the Tenant deposit to Tenant, less any amounts necessary to return the Premises to their original condition, reasonable wear and tear excepted. Landlord's obligations with respect to the Tenant it deposit are those of a debtor and not a trustee. Landlord may maintain the Tenant deposit separate and apart from Landlord's general funds or may commingle that Tenant deposit with Landlord's general and other funds. Landlord shall not be required to pay Tenant interest on the Tenant deposit. In the event that this Lease is terminated before the end of full term for any reason, any rent paid for any period beyond the actual termination date shall be considered an additional Tenant deposit.
Sample 1
TENANT DEPOSIT. The tenant security deposits actually received by Seller (and interest thereon if required by law or contract to be earned thereon) and not theretofore applied to tenant obligations under the Lease(s) shall be transferred or credited to Purchaser at Closing or placed in escrow if required by law. As of the Closing, Purchaser shall assume Seller's obligations related to tenant security deposits. Purchaser will indemnify, defend, and hold Seller harmless from and against all demands and claims made by tenants arising out of the transfer or disposition of any security deposits and will reimburse Seller for all attorneys' fees incurred or that may be incurred as a result of any such claims or demands as well as for all loss, expenses, verdicts, judgments, settlements, interest, costs and other expenses incurred or that may be incurred by Seller as a result of any such claims or demands by tenants.
Sample 1
TENANT DEPOSIT. The Landlord acknowledges receipt from the Tenant of the sum of $25,000.00, which sum will be retained by the Landlord and held in escrow as a deposit to guarantee performance by the Tenant of all the Tenant's obligations under this lease. If, after the completion of the first year of this lease, the Tenant is not indebted to the Landlord for any past-due rent, the Landlord will apply the deposit to the next month's Rent when such Rent becomes due or otherwise will refund such deposit to the Tenant. The amount of the deposit, or the retaining of the deposit, does not in any way limit the rights of either of the parties or any other legal remedies which they may have.
Sample 1
TENANT DEPOSIT. Provided Purchaser fully funds the Earned Payments, Seller shall transfer or credit Seven Hundred Fifty Thousand and No/100 Dollars ($750,000.00) (the “Security Deposit”) to Purchaser at Closing, which amount represents the full amount of the Security Deposit under Section 51.A. of the Lease; provided, however, in the event any actions are pending involving Tenant under Insolvency Laws (as defined below) at Closing which may, in Seller’s sole discretion interfere with Seller’s ability to transfer or credit the Security Deposit, Seller may elect not to credit the Security Deposit, but rather, subject to Insolvency Laws, assign all its rights to the Security Deposit to Purchaser in lieu thereof. In the event the Seller transfers or credits the Security Deposit or assigns its rights thereto pursuant to the previous sentence Seller shall be deemed released of all liability with respect thereto; provided, that if Seller assigns its rights to the Security Deposit pursuant to the previous sentence, Seller shall not be relieved of the obligation to cooperate with Purchaser to finalize the transfer of Seller’s rights subject to Insolvency Laws.
Sample 1
TENANT DEPOSIT. Simultaneously with the execution of this Lease, Tenant shall deposit with Landlord an amount equal to two (2) month's Base Rent. Such deposit will be held by Landlord throughout the Lease Term without liability for interest and as security for the performance by Tenant of Tenant's obligations under this Lease. The deposit will not be considered an advance payment of Rent or a measure of Landlord's damages for any Default by Tenant. Landlord may commingle the deposit with Landlord's other funds and may, from time to time, without prejudice to any other remedy, use the deposit to satisfy any arrearages of Rent or any other obligation of Tenant hereunder. Following any such application of the deposit, Tenant, on demand, shall restore the deposit to its original amount and Tenant's failure to do so within five (5) days of written notice from Landlord shall be a Default hereunder. If Tenant is not in Default at the termination of this Lease, the balance of any such deposit remaining after any such application will be returned to Tenant. If Landlord transfers Landlord's interest in the Building during the Lease Term, Landlord shall assign the deposit to the transferee and thereafter the transferor will have no further liability with respect to any such deposit so assigned.
Sample 1
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Related to TENANT DEPOSIT

  • Security Deposit A deposit (the "SECURITY DEPOSIT") in the form of cash or an unconditional, irrevocable $1,000,000.00 letter of credit issued by a national bank reasonably acceptable to LANDLORD, and in the form of EXHIBIT E attached hereto and incorporated herein by reference, shall be paid by TENANT within five (5) business days after execution of this Lease and shall be held by the holder of the first mortgage on the Building (the "SD HOLDER") without liability for interest and as security for the performance by TENANT of TENANT's covenants and obligations under this Lease, it being expressly understood that the Security Deposit shall not be considered an advance payment of rent or a measure of LANDLORD's damages in case of default by TENANT. The SD Holder shall provide TENANT with acknowledgement of the receipt thereof and shall from time to time, at TENANT's request, provide TENANT with information with respect to the status thereof. Notwithstanding the deposit of the Security Deposit with the SD Holder, LANDLORD shall retain all obligations with respect thereto set forth herein. In the event that cash is, at any time, held as the Security Deposit hereunder, the holder thereof shall hold such cash as trustee in a segregated account for the property for the benefit of the TENANT subject only to the terms and provisions of this Lease. Upon the occurrence of any Event of Default under this Lease by TENANT, LANDLORD may, from time to time, without prejudice to any other remedy and without prior notice, use such portion of the Security Deposit as is necessary to make good any arrearages of any installment of Basic Annual Rent, additional rents, or other amounts or charges payable by TENANT hereunder, or any other damage, injury, expense, or liability caused to LANDLORD by such breach or default. For draws by LANDLORD for damage, injury, expense or liability other than failure by TENANT to pay Basic Annual Rent or additional rents, LANDLORD will not draw an amount in excess of $100,000.00 without five (5) business days notice to TENANT specifying the amount of the intended draw. At any time LANDLORD is holding cash as the Security Deposit hereunder, TENANT shall have the right, in accordance with the terms hereof, to replace such cash with a letter of credit and upon such replacement, LANDLORD shall return the cash held to TENANT. If LANDLORD shall transfer its interest in the property, LANDLORD shall assign the Security Deposit to the transferee. At the end of every Lease Year, TENANT shall have the right to reduce the amount of cash by $100,000.00 or replace the letter of credit comprising the Security Deposit with a letter of credit in an amount reduced by $100,000.00, provided in either instance, at no time during the previous Lease Year has there been a Tenant Event of Default under this Lease. Following any application of the Security Deposit, if the Security Deposit is in the form of a letter of credit TENANT shall have issued to LANDLORD on demand a replacement letter of credit in the full amount of the letter of credit prior to LANDLORD's draw. Failure by TENANT to replace the letter of credit (i) in the full amount within ten (10) days of receipt by TENANT of notice of LANDLORD's draw or (ii) no later than five (5) days prior to the stated expiration date, shall, in either instance, be an Event of Default under this Lease, and in the case the event described in (ii) occurs, shall permit LANDLORD to draw the entire amount of the letter of credit. Any balance of the Security Deposit remaining at the end of the term shall be returned to TENANT within thirty (30) days after TENANT's compliance with each and every provision of Article 19 hereof. In the event TENANT exercises its option to acquire all or part of the tenth floor, TENANT shall increase the Security Deposit by $1,000,000.00 (subject to reduction as set forth in Section 32.1) at the time of exercise of the option, and thereafter the annual reduction of the total Security Deposit shall continue to be $100,000.00.

  • Prepaid Rent Tenant shall, upon execution of this Lease, pay to Landlord the amount set forth in Article 1 as "First Month's Prepaid Rent" as prepayment of rent for credit against the first payment of Base Monthly Rent due hereunder.

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