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.

• Upon the day of signing this Lease, Tenant shall deposit with Landlord the sum set forth in Paragraph L of the BLP as security for the faithful performance of obligations of Tenant under this Lease ("Security Deposit").

• Additionally, Landlord’s use or application of all or any portion of the Lease Security Deposit shall not preclude or impair any other rights or remedies provided for under this Lease or under applicable law and shall not be construed as a payment of liquidated damages.

More Definitions of Lease Security Deposit

Lease Security Deposit. The letter of credit delivered by Tenant to Landlord as described in the paragraph entitled "Security Provisions."

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 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. The total amount is not less than 5% of the Lease Loan Principal, ie, RMB Four Million and Six Hundred and Fifty Thousand Yuan Only (¥4,650,000.00). 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. 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. As described in the paragraph entitled “Lease Security Provisions.”