TENANT’S SECURITY. Owner shall unless prohibited by law or by the general policies of lending institutions in New York City deposit the security in an interest-bearing account with a bank selected by Owner. All interest which shall accrue on the security shall be held as additional security in accordance with this Lease. Owner shall be entitled to an administrative fee equal to the lesser (i) of 1% per year upon the security deposited by the Tenant and (ii) the amount of interest earned that year on the security.
TENANT’S SECURITY. Owner shall unless prohibited by law or by the general policies of lending institutions in New York City deposit the security in an interest-bearing account with a bank selected by Owner. All interest which shall accrue on the security shall be held as additional security in accordance with this Lease. Owner shall be entitled to an administrative fee of 1% per year upon the security deposited by the Tenant. In the event that Tenant either (a) is more than 10 days late in the payment of rent, rent escalation or additional rent more that two times in any 12- month period, (b) makes any such payment which is dishonored more than two times during any 12-month period, or (c) is more than one month behind in payment of any rent, rent escalation or additional rent then regardless of whether or not the default has been cured and in addition to any other remedies herein or at law or in equity, Owner may give notice to Tenant requiring that the Tenant deposit an additional two month’s rent and rent escalations as additional security under the Lease and my failure to deposit the aforesaid security shall be deemed a substantial default under this Lease.
TENANT’S SECURITY. During the Sole Tenancy Period Tenant shall be authorized and entitled to provide Tenant's own security for the Building and Project, at Tenant's sole cost and expense, subject to and conditioned upon the following terms and conditions:
TENANT’S SECURITY. Tenant hereby deposits with Landlord the sum of four hundred sixty-two thousand and 00/100 Dollars as security for the full and faithful performance and observance by Tenant of each and every term, provision and condition of this Lease. It is agreed that in the event Tenant defaults in respect of any of the terms, provisions and conditions of this Lease beyond applicable notice and cure periods, including, but not limited to the payment of Base Rent and additional rent, Landlord may use, apply or retain the whole or any part of the security so deposited for the payment of any Base Rent and additional rent in default or any other sum which Landlord may reasonably expend or may be required to expend by reason of Tenant’s default in respect of any of the terms, covenants and conditions of this Lease, including, but not limited to, any damages or deficiency in the reletting of the Premises, whether such damages or deficiency may accrue before or after summary proceedings or other re-entry by Landlord. In the event that Tenant shall comply with all of the terms, provisions, covenants and conditions of this Lease within applicable notice and cure periods, the security or any balance thereof shall be promptly returned to Tenant after the date fixed as the end of this Lease and after delivery of entire possession of the Premises to Landlord. Landlord shall not be required to maintain the security in an interest-bearing account, however if the security is maintained in an interest-bearing account, such interest, less the legal administration fee, shall be payable to Tenant. In the absence of evidence satisfactory to Landlord of any assignment of the right to receive the security, or the remaining balance thereof, Landlord may return the security to the original Tenant, regardless of one or more assignments of the Lease itself. In the event of a sale, or leasing, subject to this Lease, Landlord shall have the right to transfer the security to the vendee or lessee and, following such transfer, Landlord shall be considered released by Tenant from all liability for the return of such security; and Tenant agrees to look solely to the new landlord for the return of the security and it is agreed that this shall apply to every transfer or assignment made of the security to a new landlord. No holder of a mortgage to which the Lease is subordinate shall be responsible in connection with the security deposited hereunder, by way of payment of rents, or otherwise, unless such m...
TENANT’S SECURITY. (a) The Tenant may, after the Commencement Date, register a Leasehold Mortgage charging its leasehold interest in the Premises, this Lease and the Services Agreement on account of financing its improvements in and to the Premises with the prior written consent of Xxxx, FLIT, FLWR or Landlord, which consent may contain conditions or restrictions, including, without limitation:
TENANT’S SECURITY. Tenant shall (1) lock the doors to the Premises and take other reasonable steps to secure the Premises and the personal property of all Tenant Parties (defined in Section 13.A) and any of Tenant’s transferees, contractors or licensees in the Common Areas and parking facilities of the Building and Property, from unlawful intrusion, theft, fire and other hazards; (2) keep and maintain in good working order all security devices installed in the Premises by or for the benefit of Tenant (such as locks, smoke detectors and burglar alarms); and (3) cooperate with Landlord and other tenants in the Building on security matters. Tenant acknowledges that any security measures employed by Landlord are for Landlord’s own protection; that Landlord is not a guarantor of the security or safety of the Tenant Parties or their property; and that such security matters are the responsibility of Tenant and the local law enforcement authorities.
TENANT’S SECURITY. Tenant may, at its own expense, install its own security system ("Tenant's Security") in the Premises; provided, however, that Tenant shall coordinate the installation and operation of Tenant's Security with Landlord to assure that Tenaxx'x xecurities is compatible with Landlord's security systems and in such regard, upon the reasonable request of Landlord, will provide plans and specifications and other information regarding the installation and operation of Tenant's Security. Tenant shall be solely responsible for the monitoring and operation of Tenant's Security system. Upon expiration or earlier termination of this Lease, upon written request of Landlord, Tenant shall remove Tenant's Security system and restore any damage caused by such removal.
TENANT’S SECURITY. A. Txxxxx xxxnowledges that Landlord is unwilling to execute the Lease unless Tenaxx xxxvides Landlord with security for Tenant's obligations under the Lease. Therefore, Tenaxx xxxll deliver to Landlord, on the date that Tenant executes and delivers the Lease to Landlord, an Irrevocable Standby Letter of Credit (the "Original Letter of Credit") which shall be (1) in the form attached hereto as Exhibit 8, (2) issued by a bank reasonably acceptable to Landlord upon which presentment may be made in Boston, Massachusetts, (3) equal to the Letter of Credit Amount, as hereinafter defined, (4) for a term of one (1) year, subject to the provisions of Subparagraph C of this Paragraph 2. The Original Letter of Credit and any Replacement Letter(s) of Credit, Substitute Letter(s) of Credit and Additional Letter(s) of Credit are referred to herein collectively and respectively as the "Letter of Credit."
TENANT’S SECURITY. Tenant shall (1) lock the doors to the Premises and take other reasonable steps to secure the Premises and the personal property of all Tenant Parties and any of Tenant's transferees, contractors or licensees in the Common Areas and parking facilities of the Building and Property, from unlawful intrusion, theft, fire and other hazards; (2) keep and maintain in good working order all security devices installed in the Premises by or for the benefit of Tenant (such as locks, smoke detectors and burglar alarms), which shall be integrated with any other Building security systems; and (3) cooperate with Landlord and other tenants in the Building on security matters. TENANT ACKNOWLEDGES THAT LANDLORD IS NOT A GUARANTOR OF THE SECURITY OR SAFETY OF THE TENANT OR ANY THIRD PARTY OR OF ANY PROPERTY OWNED BY TENANT OR OWNED BY A THIRD PARTY.
TENANT’S SECURITY. As between Landlord and Tenant, Landlord and Tenant acknowledge and agree that Landlord shall not be obligated to provide security for the Building. In that connection, Tenant shall have the right, but shall not be obligated, to (at its sole cost and expense) provide security for the Tenant Space and the Shared Space (including the installation of surveillance cameras). The foregoing notwithstanding, Landlord shall have the right to reasonably approve the Shared Space locations of all such cameras, and shall have the right to tie into (i.e., interface with and receive the video content directly from) all such Shared Space cameras.
