TENANT'S DEPOSIT Clause Samples
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TENANT'S DEPOSIT. Upon the execution of this lease, The Tenant shall deposit with the Landlord the sum of One Hundred Eight Thousand, Three Hundred Thirty-three and 32/100 Dollars ($108,333.32) to secure the faithful performance by the Tenant of all the terms, conditions, covenants and agreements of this lease, and to make good to the Landlord any damage which it may sustain by reason of any act or omission of the Tenant (such $108,333.32 or other amount from time to time on hand of the Landlord, hereafter the "Deposit"). If, during the term of this lease, the Landlord shall sell, exchange or lease the entire building, subject to this lease, or, being the lessee thereof, shall assign its lease, the Landlord shall have the right to pay or transfer the Deposit to such grantee, lessee, or assignee, as the case may be, and, in such event, the Landlord shall be released from all responsibility and liability in connection therewith, and the Tenant will look solely to said grantee, lessee, or assignee for its return. If the Deposit is in cash, it shall be deposited with a bank or trust company, savings bank or savings and loan association, and the Landlord shall advise the Tenant of the name and address thereof. The Tenant shall not be entitled to the payment of any interest earned upon such Deposit unless earned and any interest earned shall be added to the Deposit. Landlord shall have the right to deduct annually from such Deposit, an amount equal to 1% of the Deposit, which 1% shall be payable to Landlord to defray the cost of administering such Deposit and the balance of the interest earned on the Deposit shall be paid over to Tenant. The Tenant's interest in the Deposit shall not be assigned or encumbered without the written consent of the Landlord, and within thirty (30) days after the expiration of the term, the amount of Deposit shall be repaid to the Tenant, less any proper charges against the same, as hereinabove or hereinafter provided. If the Tenant shall at any time be in default with respect to any payment of rent or of additional rent or of any other payment due from the Tenant to the Landlord under this lease beyond the applicable grace period, or if the Landlord shall be damaged by any act or omission of the Tenant the Landlord may, at its option, apply such portion of the Deposit as may be adequate to cure such default or to make good such damage, including, but not by way of limitation, interest, costs, fees and other expenses, paid or incurred by the Landlord, ...
TENANT'S DEPOSIT. The Tenant shall on the signing hereof deposit and maintain with the Landlord a deposit of the amount as set out in the Third Schedule hereto. The said deposit shall be retained by the Landlord throughout the said term free of any interest to the Tenant and in the event of any breach or non-observance or non-performance by the Tenant of the said stipulations or conditions aforesaid, the Landlord shall be entitled to terminate this Agreement and to forfeit the said deposit by way of liquidated damages without prejudice to the Landlord's right to claim against the Tenant for further damages suffered by the Landlord as a result of the Tenant’s breach of this Agreement. Notwithstanding the foregoing, the Landlord may in any such event at his option elect nor to terminate this Agreement and forfeit the deposit but to deduct therefrom the amount of any monetary loss incurred by the Landlord in consequence of the breach non-observance or non-performance by the Tenant in which event the Tenant shall as a condition precedent to the continuation of the tenancy deposit with the Landlord the amount so deducted and if the Tenant shall fail so to do, the Landlord shall forthwith be entitled to re-enter the Premises and the Car Parking Spaces and to determine this Agreement and forfeit the deposit as hereinbefore provided.
TENANT'S DEPOSIT. LANDLORD acknowledges the receipt of the sum of Fifteen Thousand Dollars ($15,000) from the TENANT as a deposit to be applied towards the last three month's minimum rental obligations becoming due and payable by TENANT in accordance with this Lease, provided that if TENANT should default in the performance of any undertaking under this Lease before application of this deposit, LANDLORD may apply such deposit towards any cost it may incur on behalf of TENANT, provided further that if this Lease shall be terminated for any reason before application of the said deposit, the whole of said deposit may be retained by LANDLORD and treated as liquidated damages. Nothing herein contained shall limit LANDLORD's right of action against TENANT for such further or other damages or remedies arising out of any breach of this Lease by TENANT.
TENANT'S DEPOSIT. 7.1 Amount of deposit During the said term the Tenant shall deposit and maintain with the Landlord a sum (hereinafter referred to as “the said deposit”)equal to three (3) months’ rent and management and air-conditioning fees and one (1) quarter’s government rates.
7.2 Increase in deposit If at any time during the currency of this Agreement the aggregate of the said rent, the said management and air-conditioning fees and the government rates then payable shall exceed the aggregate amount already paid by the Tenant on account of the said deposit, the Tenant shall forthwith pay to the Landlord such further sum(s) as will he necessary to maintain the said deposit at three (3) months’ rent and management and air-conditioning fees and one (1) quarter’s government rates.
TENANT'S DEPOSIT. (a) The Tenant has deposited with the Landlord the sum of $298,562.89 (of which an aggregate of $51,635.93 is on hand as security deposits for Tenant's and Express Reprographics, Inc.'s existing leases), to secure the faithful performance by the Tenant of all the terms, conditions, covenants and agreements of this lease, and to make good to the Landlord any damage which it may sustain by reason of any act or omission of the Tenant. The Landlord agrees that, provided that, on November 1, 1998, the Tenant is not in default in the payment of fixed rent, additional rent or any other amount due under this lease, the Landlord will reduce the security deposit by $99,520.
TENANT'S DEPOSIT. Tenant has deposited with Landlord the sum as provided in Section 1.15. Said sum shall be held by Landlord as security for the faithful performance by Tenant of all of the terms, covenants and conditions of this Lease to be kept and performed by Tenant during the term hereof. If Tenant defaults with respect to any provisions of the Lease, Landlord may (but shall not be required to) use, apply or retain all or any part of this security deposit for the payment of any rent or any other sum in default, or for the payment of any other amount which Landlord may spend or become obligated to spend by reason of Tenant's default or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant's default. If any portion of said deposit is so used or applied, Tenant shall immediately deposit cash with Landlord in an amount sufficient to restore the security deposit to its original amount and Tenant's failure to do so shall be a material breach of this Lease. Landlord shall not be required to keep this security deposit separate from its general funds, and Tenant shall not be entitled to interest on such deposit. If Tenant shall fully and faithfully perform every provision of this Lease to be performed by it, the security deposit or any balance thereof shall be returned to Tenant (or, at Landlord's option, to the last assignee of Tenant's interests hereunder) at the expiration of the Lease term.
TENANT'S DEPOSIT