Xxxxxxxx Deposits. Security deposits may be used to pay any and/or all of the following charges: Trash Removal ($50 minimum), Unpaid rental amounts, Late Departure fees, Excessive utility usage, Locksmith or re-key fees, Cost for repair of damages or replacement of Property Equipment or Furnish- ings, Cleaning of property after departure, including extra cost for excessive cleaning and stain removal or cleaning of any smoke/ash, vomit, pet, urine or blood stains or residue, and/or any damages what- soever beyond normal wear and tear. In the event that damages exceed the amount of the security de- posit, or are discovered after the return of Guest security deposit, Xxxxx agrees to pay all cost/charges for any damages caused as a result of their stay, immediately upon being informed of said fees or damages. Examples of fees: Not removing all trash to dumpster before leaving (including taking your recyclables): $25/hr of clean- ing ($50 minimum) Excessive cleaning beyond expected basics (dusting, sweeping, mopping): $25/hr of cleaning ($50 minimum) Bringing a pet/animal into the vacation rental or onto the farm: Forfeiture of $500 damage deposit plus any extra fees based on amount of damage Hosting a party/event without prior permission: Forfeiture of $500 damage deposit plus any extra fees based on amount of damage Damage to rental/property: Possible forfeiture of $500 damage deposit plus any extra fees based on amount of damage
Xxxxxxxx Deposits. “Security Deposits” means those certain refundable security deposits held by or for Assignor on account of tenants under the Leases as such deposits and with respect to which Assignee received a credit at the closing of the transaction with respect to which this Assignment has been executed and delivered.
Xxxxxxxx Deposits a) If Tenant breaks this lease in any way, the security deposit is not refundable.
Xxxxxxxx Deposits. The cash Security Deposits (together with any accrued interest thereon as may be required by law or contract), to the extent not theretofore applied by Seller, shall be credited to Buyer as of the Closing Date. In the event any Security Deposits are in the form of a letter of credit, Seller shall (i) at Closing deliver the originals of any letters of credit, and execute and deliver to Buyer such instruments as the issuers of such letters of credit shall reasonably require in order to transfer the same to Buyer, and (ii) after Closing, Seller shall cooperate with Buyer to change the named beneficiary under such letters of credit to Buyer so long as Seller does not incur any additional liability or expense in connection therewith. Seller shall be liable for the payment of any fees imposed by the issuer of any letter of credit to be transferred except to the extent the same are the responsibility of the tenant under a Lease. Except with the prior written consent of Buyer, Seller shall not apply any Security Deposits to any obligations due to Seller under the Leases.
Xxxxxxxx Deposits. Borrowers shall deposit any cash security deposits of Tenants under Leases that are turned over to or for the benefit of any Borrower or otherwise collected by or on behalf of any Borrower, into a separate account maintained with a reputable financial institution in compliance with applicable Legal Requirements, and Borrowers shall not commingle such funds with any funds of any Borrower. Any letter of credit or other instrument that Borrowers are permitted to hold in lieu of cash security deposits under any applicable Legal Requirements (i) shall be maintained in full force and effect unless replaced by cash deposits as hereinabove described (or unless applied pursuant to the terms of the applicable Lease), (ii) if permitted pursuant to Legal Requirements, shall name Administrative Agent on behalf of Lender as payee or mortgagee thereunder (or at Administrative Agent’s option, be fully assignable to Administrative Agent) and (iii) shall comply with all applicable Legal Requirements and otherwise be reasonably satisfactory to Administrative Agent. Borrowers shall, upon request, provide Administrative Agent with evidence reasonably satisfactory to Administrative Agent of Borrowers’ compliance with the foregoing. Upon the occurrence and during the continuance of any Event of Default, Borrowers shall, upon Administrative Agent’s request, if permitted by applicable Legal Requirements, (a) assign to Administrative Agent any such letter of credit security deposits (or cause such letter of credit security deposits to be re-issued in favor of Administrative Agent) and (b) turn over to Administrative Agent all other security deposits (and any interest theretofore earned thereon), in each case, to be held by Administrative Agent subject to the terms of the Leases.
Xxxxxxxx Deposits. (a) As security for Tenant's obligations to take possession of the Demised Premises in accordance with the terms of this Lease and to comply with all of Tenant's covenants, warranties and agreements hereunder, Tenant shall deposit with Landlord the sum set forth in Article 1(m)(i) above on the date Tenant executes and delivers this Lease to Landlord. Such amount shall be applied by Landlord, without interest, to the first monthly installment(s) of Base Rental as they become due hereunder. In the event Tenant fails to take possession of the Demised Premises as aforesaid, said sum shall be retained by Landlord for application in reduction, but not in satisfaction, of damages suffered by Landlord as a result of such breach by Tenant.
Xxxxxxxx Deposits. Any and all amounts currently on deposit for the benefit of the Business for utility services, leases, insurance, etc., are and shall remain the sole property of Seller and are not included as part of the Purchase Price. Buyer shall, as of the date of Closing, deposit such monetary amounts as is necessary to continue the operation of the Business or the Seller shall receive a credit for such deposits at Closing.
Xxxxxxxx Deposits. All security deposits made by any of the tenants of the Property now held by Seller, as shown on Exhibit B-1, or received by Seller prior to Closing, will be turned over or credited to Purchaser at the Closing. Seller has advised Purchaser that, as of the Effective Date, Seller is not holding any Security Deposits in the form of letters of credit. 17
Xxxxxxxx Deposits. The cash Security Deposits (together with any accrued interest thereon as may be required by law or contract), to the extent not theretofore applied by Sellers, shall be credited to Buyer as of the Closing Date. Sellers will be responsible for any transfer fees charged by the issuing institutions with respect to all letters of credit which constitute Security Deposits, in each case except to the extent such fees are the responsibility of the tenant under the applicable Lease (in which case Sellers shall have no responsibility for such transfer fees and Buyer shall have the right to seek reimbursement of such fees from such tenant or cause such tenant to pay such fees directly to the issuer of the letter of credit).
Xxxxxxxx Deposits. The Housing Authority shall remit all security deposits related to the Districts with a reasonable time after collection, but in no event more than forty-five (45) days after receipt.
