Security Deposit Adjustment Amount definition
Security Deposit Adjustment Amount means an amount equal to the product of (A) the Security Deposit Amount multiplied by (B) the Security Deposit Adjustment Percentage; provided, however, in the event the Security Deposit Traffic Number is equal to at least 74 million, the Security Deposit Adjustment Amount shall be deemed to be zero.
Examples of Security Deposit Adjustment Amount in a sentence
The Security Deposit Adjustment Amount shall be the amount, if any, by which the amount of monthly Basic Rent specified above exceeds the amount of the Security Deposit specified above ($279.80), and an amount equal to such difference shall be paid by Lessee to the Beneficiaries on the Delivery Date for application to the Security Deposit.