Common use of Use and Return of Deposit Clause in Contracts

Use and Return of Deposit. If at any time during the term of this Lease any of the rent herein reserved shall be overdue and unpaid, or any other sum payable by Tenant to Landlord hereunder shall be overdue and unpaid or in the event of the failure of Tenant to keep and perform any of the terms, covenants and conditions of this Lease to be kept and performed by Tenant, then Landlord may, at its option (but Landlord shall not be required to) appropriate and apply all or any portion of said deposit to the payment of any such overdue rent or other sum as shall be necessary to compensate the Landlord for all loss or damage sustained or suffered by Landlord due to the breach of Tenant. Should the entire deposit, or any portion thereof, be appropriated and applied by Landlord for the payment of overdue rent or other sums due and payable by Tenant hereunder, then Tenant shall upon the written demand of Landlord forthwith remit to Landlord a sufficient amount in a cashier's check to restore said security to the original sum deposited, and Tenant's failure to do so within five (5) days after receipt of such demand shall constitute a breach of this Lease. 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 at the expiration of the term of this Lease.

Use and Return of Deposit. If at any time during the term of this Lease any of the rent herein reserved shall be overdue and unpaid, or any other sum payable by Tenant to Landlord hereunder shall be overdue and unpaid or in In the event of the failure of Tenant to keep and perform any of the terms, covenants and conditions of this Lease lease to be kept and performed by Tenant, then the Landlord may, at its option (but Landlord shall not be required to) may appropriate and apply all said entire deposit, or any portion of said deposit to the payment of any such overdue rent or other sum so much thereof, as shall may be necessary necessary, to compensate the Landlord for all loss or damage sustained or suffered by Landlord due to such breach on the breach part of Tenant. Should the entire deposit, or any portion thereof, be appropriated and applied by Landlord for the payment of overdue rent or other sums due and payable to Landlord by Tenant hereunder, then Tenant shall shall, upon the written demand of Landlord Landlord, forthwith remit to Landlord a sufficient amount in a cashier's check to restore said security to the original sum deposited, and Tenant's failure to do so within five (5) days after receipt of such demand shall constitute a breach of this Leaselease. If Should Tenant shall fully comply with all of said terms, covenants and faithfully perform every provision conditions and promptly pay all of this Lease the rental herein provided for as it falls due, and all other sums payable by Tenant to be performed by itLandlord hereunder, the Security Deposit or any balance thereof said deposit shall be returned in full to Tenant at the expiration end of the term of this Leaselease, or upon the earlier termination of this lease subject to the provisions of Section 8.03 hereof.

Use and Return of Deposit. If at any time during the term of this Lease Lease, any of the rent herein reserved Base Rent or Additional Rent shall be overdue and unpaid, then Landlord may, at Landlord’s option (but Landlord shall not be required to), appropriate and apply any portion of said deposit to the payment of any such overdue Base Rent or any other sum payable by Tenant to Landlord hereunder shall be overdue and unpaid or in Additional Rent. In the event of the failure of Tenant to keep and perform any of the terms, covenants and conditions of this Lease to be kept and performed by TenantLease, then Landlord mayLandlord, at its option (but Landlord shall not be required to) option, may appropriate and apply all said entire deposit, or any portion of said deposit to the payment of any such overdue rent or other sum so much thereof as shall may be necessary necessary, to compensate the Landlord for all loss or damage sustained or suffered by Landlord due to such breach on the breach part of Tenant. Should the entire deposit, or any portion thereof, be appropriated and applied by Landlord for the payment of overdue rent or other sums due and payable to Landlord by Tenant hereunder, then Tenant shall shall, upon the written demand of Landlord Landlord, forthwith remit to Landlord a sufficient amount in a cashier's check cash to restore said security to the original sum deposited, and . Tenant's ’s failure to do so within five (5) days after receipt of such demand shall constitute a breach of this Lease. If Should Tenant shall fully comply with all of said terms, covenants and faithfully perform every provision of conditions, and promptly pay all rents and other sums payable by Tenant under this Lease to be performed by itLease, then the Security Deposit or any balance thereof shall be returned in full to Tenant at the expiration end of the term of the Lease Term, or upon the earlier termination of this Lease.