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 letter of credit delivered by Tenant to Landlord as described in the paragraph entitled "Security Provisions."
Examples of Lease Security Deposit in a sentence
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.
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.
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.
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.
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 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 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.
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 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. As described in the paragraph entitled “Lease Security Provisions.”
Lease Security Deposit. At Closing, Lessee shall deposit with Lessor an annually renewable clean irrevocable letter of credit in the amount of $1,000,000 from a bank and in a form acceptable to Lessor and Lender. In the event Xxxxxx fails to renew or extend the letter of credit within 30 days of its scheduled expiration date, Lessor shall be entitled to draw upon the letter of credit and hold the proceeds thereof as hereinafter provided. The letter of credit shall serve as a security deposit ("Lease Security Deposit") for the performance of Xxxxxx's obligations under the Master Lease. Provided no event of default shall have occurred, the Lease Security Deposit shall be returned to Lessee within 30 days following Xxxxxx's delivery of the Rent Payment scheduled to be paid on or about the 68th month of the Primary Lease Term. RENEWAL OPTIONS/NEW LEASE OPTION Lessee will have the right to renew the Master Lease for four (4), five (5)-year terms at the expiration of the Primary Term or the applicable renewal period, as long as no default or event of default shall have occurred and be continuing beyond applicable notice and grace periods for each renewal. If Lessee chooses one of the escalating options, the net rent for each renewal term shall be either (i) the net rent in effect at the end of the Primary Term or preceding renewal period, as the case may be, increased by 1.2% for the first year and each succeeding year of the applicable renewal term or (ii) the net rent in effect at the end of the Primary Term or preceding renewal period, as the case may be, increased by 6%. If Lessee chooses the flat rent payment structure, Lessee may select one of the renewal rent fixed rate options as set forth on Exhibit A annexed hereto. Lessee shall elect the rent and corresponding renewal option prior to the closing of this transaction. The first Renewal Option must be exercised no later than 18 months prior to expiration of the Primary Term and subsequent renewals must be exercised no later than nine (9) months prior to expiration of the previous renewal term. [U.S. REALTY ADVISORS, LLC LOGO] Xx. Xxxxxx X. Vincent February 21, 2001 Page 4 of 13 At the end of the Primary Term, Xxxxxx shall also have the right to enter into a new master lease for not less than ten (10) of the Properties as consented to by Xxxxxx and Lessor, whose consent shall not be unreasonably withheld, and, in the event of such election, the rent and other terms under the new master lease shall be adjusted in a manner consist...