Lease Security definition

Lease Security has the meaning set forth in the Granting Clause of this Deed of Trust.

Lease Security. Instrument”) as security for performance of the tenant’s obligations under such Lease, Buyer shall promptly and, in any event, within thirty (30) days following the Closing Date, cause each and every such Lease Security Instrument to be canceled and returned to Seller. Seller shall deliver a written description of each Lease Deposit and Lease Security Instrument to Buyer at least five (5) Business Days prior to Closing.

Lease Security. As defined in Section 3.1(g).

Examples of Lease Security in a sentence

• Any remaining portion of such Lease Security Deposit (after no further allocations could be required pursuant to clauses (i) through (vi) above) shall be withdrawn by the Property Manager from the Servicing Account and deposited into the Collection Account and shall constitute part of the Available Amount on the next Payment Date.

• Notwithstanding the foregoing, no Servicing Accounts shall be established and maintained with respect to those Mortgaged Properties, Leases or Mortgage Loans pursuant to which the Tenant or Borrower is not required to make Escrow Payments, Lease Security Deposit or Sales Tax Deposits.

• Each Grantor shall, if at any time after the filing with the FAA of a Relevant FAA Aircraft Mortgage with respect to a Pool Aircraft such Pool Aircraft becomes subject to an Assigned Lease, register and record with the FAA the Relevant FAA Lease Security Assignments with respect to such Aircraft.

• Tenant makes an absolute assignment to Landlord of such assignments and subleases and any rent, Lease Security Deposits and other sums payable under such assignments and subleases as collateral to secure the performance of the obligations of Tenant under this Lease.

• Failure by the Tenant to timely make the Lease Security Deposit shall constitute a condition to the effectiveness of this Lease, failure of which to be timely satisfied by the Tenant shall entitle the Landlord to terminate this Lease.

More Definitions of Lease Security

Lease Security has the meaning set forth in Section 4.4(j) hereof.

Lease Security shall have the meaning given in Section 5.11.

Lease Security. An irrevocable letter of credit (the "Letter of Credit") or cash Security Deposit of $140,000, to be reduced as scheduled below, subject to Section 4.

Lease Security means and refer to all sums held at any time by Landlord for the faithful performance and observance by Tenant of Tenant's obligations under this lease, and the term "then Required Amount of Lease Security" shall mean that amount which at any given time shall equal the aggregate of $21,300.00 (the sum deposited as lease security by Tenant with Landlord upon the execution of this lease), plus an amount sufficient to increase the amount of security being held by Landlord to an amount equal to the number of month's of security then required to be held by Landlord times the fixed minimum rent at that time, plus the sums required to be deposited with Landlord pursuant to (i) Article 53 hereof (ii) Article 41(D) hereof (iii) Article 57 hereof and (iv) as elsewhere required pursuant to this lease. Notwithstanding anything herein to the contrary, Landlord shall always hold a minimum of two times the fixed minimum rent as and for Lease Security. As and when the fixed minimum rent increases, Tenant shall deposit with Landlord, within ten (10) days, sufficient funds to increase the Lease Security such that landlord will be holding an amount equal to the number of month's of security then required to be held by Landlord times the fixed minimum rent at that time.

Lease Security has the meaning set forth in Section 1.1(h) hereof.

Lease Security. This Guaranty shall remain in full force and effect without regard to Landlord’s receipt of any security deposit or any disposition or application thereof by Landlord.

Lease Security. Set forth in Section 4 of the Lease is revised to be the schedule set forth in the Amended Reference Data Section.