Lease Security Deposit definition
Lease Security Deposit. As defined in Section 3.03(a).
Lease Security Deposit. As defined in Section 3.03(a) . “Lease Transfer Mortgaged Property ”: As defined in Section 7.03 . “Like-Kind Exchange Program ”: A like-kind exchange program whereby Relinquished Property may be exchanged with Replacement Property pursuant to an Exchange Agreement with a Qualified Intermediary. “Liquidated Lease ”: A Defaulted Asset that is a Lease with respect to which the related Mortgaged Property has been either re-leased or sold, or any Lease related to a Mortgaged Property sold, exchanged or otherwise disposed of by such Issuer, whether or not a Defaulted Asset. “Liquidation Fee ”: The fee payable to the Special Servicer pursuant to Section 3.11(g) . “Liquidation Fee Rate ”: A percentage equal to 0.50%. “Liquidation Proceeds ”: All cash proceeds and all other amounts (other than Property Insurance Proceeds and REO Revenues) received by the applicable Issuer, the Property Manager, or the Special Servicer and retained in connection with the liquidation of any Mortgage Loan, Lease or Mortgaged Property which is (or relates to) a Defaulted Asset; all cash proceeds and all other amounts (other than Property Insurance Proceeds and REO Revenues) from the release or substitution of any Mortgage Loan or Mortgaged Property other than to the extent deposited into the Release Account; all proceeds from the investment of funds on deposit in the Release Account; and all cash proceeds from the release or substitution of any Mortgage Loan or Mortgaged Property transferred from the Release Account to the Collection Account pursuant to Section 3.04(b). “LLC Agreement ”: With respect to (i) any Issuer that constitutes an Issuer as of the date hereof, such Issuer’s limited liability company agreement and (ii) any other Issuer, as indicated in the applicable Joinder Agreement, in each case as the same may be amended from time to time in accordance with the terms thereto and the Indenture. “LLC Interests ”: The limited liability company interests issued pursuant to an LLC Agreement evidencing beneficial ownership interests in the related Issuer. “Loan Agreement ”: The agreement pursuant to which a Mortgage Loan was made. 12 US-DOCS\ 96557504.7 102826315.7
Lease Security Deposit. The sum of One Million Nine Hundred Thirty Thousand and No/100 Dollars ($1,930,000.00) in the form of a standby Letter of Credit and subject to the reduction under Section 3.3 below.
Examples of Lease Security Deposit 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.
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.
In the event the Landlord applies any funds constituting the Lease Security Deposit, the Tenant shall deliver to the Landlord as Additional Rent, within ten (10) days after invoice therefor, the amount of the Lease Security Deposit applied by the Landlord, such that the balance of the Lease Security Deposit shall be restored to the appropriate amount specified herein.
However, upon any termination of this Lease, the Lease Security Deposit may first be applied by the Landlord to any amounts for which the Tenant is liable under this Lease.
More Definitions of Lease Security Deposit
Lease Security Deposit means in respect of each Aircraft the amount specified in Schedule 1 opposite such Aircraft in the form of cash or a letter of credit held (or to be held) by the Seller of such Aircraft in respect of the security deposit paid by the relevant Lessee under the relevant Lease:
Lease Security Deposit means certain amount of funds paid by the Lessee to the Lessor to ensure that the Lessee will fulfill its obligations hereunder. The specific amount and payment date shall be subject to the Lease Agreement.
Lease Security Deposit. The letter of credit delivered by Tenant to Landlord as described in the paragraph entitled "Security Provisions."
Lease Security Deposit. The cash sum of Fourteen Thousand Three Hundred Thirty-Nine and 40/100 Dollars ($14,339.40).
Lease Security Deposit. The letter of credit delivered by Tenant to Landlord as described in the paragraph entitled “Security Provisions.”
Lease Security Deposit. The total amount is not less than 5% of the Lease Loan Principal, ie, RMB Yuan Only (¥10,850,000.00). The Lessee shall pay the Lessor the Lease Security Deposit of 5% of the first Lease Item Purchase Price in a lump sum before the Lessor pays the first Lease Item Purchase Price. The specific payment time and payment amount shall be subject to the “Pre-lease Interest/Grace Period Interest/Rent Payment Form” confirmed by both Parties. The Lease Security Deposit is interest free. If the Lessee fails to pay the Rent payable or any other payables under the Lease Agreement, the Lessor has the right to deduct such amount from the Lease Security Deposit. After the deduction, the Lessee shall make up the Lease Security Deposit according to the Lessor's notice. If the Lessee fails to make up the Lease Security Deposit as required, the Lessor has the right to use the funds paid by the Lessee to make up the Lease Security Deposit. If no breach of contract occurs to the Lessee, the Lessor will refund the above-mentioned Lease Security Deposit to the bank account number specified by the Lessee within five working days after confirming that the Lessee has fulfilled all of its liabilities and obligations under the Lease Agreement.
Lease Security Deposit means in respect of each Aircraft the amount specified in Schedule 1 opposite such Aircraft in the form of cash or a letter of credit held (or to be held) by the Seller of such Aircraft in respect of the security deposit paid by the relevant Lessee under the relevant Lease: “Lessee” means, for any Aircraft, the person specified as the lessee of such Aircraft opposite such Aircraft in Schedule 1; “Lessor” means, for any Aircraft, the person (if not the relevant Seller) named as the “lessor” in the Lease relating to such Aircraft immediately prior to its novation pursuant to the relevant Lease Novation; “Lex Situs Opinion” means, for any Aircraft, an opinion of counsel acceptable to each of the relevant Purchaser and the relevant Seller in respect of such Aircraft in the jurisdiction in which such Aircraft is located at Delivery in respect of such Aircraft, in form and substance satisfactory to both such Purchaser and such Seller; “LIBOR” means the London Interbank Offer Rate in respect of Dollar borrowings for a [*] month period as shown on the Bloomberg BBAM1 page on the date that interest starts to accrue on the Deposit pursuant to Clause 5.22. “Losses” means losses, liabilities, claims, proceedings, penalties, judgments, damages, costs and expenses; “Manufacturer” means The Boeing Company; “Net Purchase Price”, for any Aircraft, is defined in Clause 5.4; “New Lessor” means for any Aircraft, the person (if not the relevant Purchaser) named as the “new lessor” in the Lease relating to such Aircraft immediately after its novation pursuant to the relevant Lease Novation; “Novated Lease” means, for any Aircraft, the Lease in respect of such Aircraft as novated and amended by the applicable Lease Novation; “Other Agreement” means any sale agreement, or related agreement, entered into between Celestial Aviation Trading 71 Limited seller and ALC B378 35217 LLC as purchaser in relation to the Other Aircraft; * Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.