Tenant Security definition

Tenant Security has the meaning specified in “Leases and Rents” (Section 1.1(8)).
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Tenant Security means: Any trust deed, bond, debenture, pledge, commercial pledge, warehouse receipt, conditional sales contract, privilege, hypothec, charge or any other form of encumbrance or security granted by or agreed to by Tenant or any other Person (other than Landlord) with respect to its rights in this Lease, the Leased Premises, or any property, whether movable or immovable, located in or forming part of the Leased Premises, to secure, in whole or in part, any loan, indebtedness, credit line or other obligation.
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Tenant Security has the meaning set forth in Section 15.5.
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Examples of Tenant Security in a sentence

  • Any cash (or cash equivalents) held by Seller which constitutes the Tenant Security Deposit Balance shall be retained by Seller in exchange for the foregoing credit against the Purchase Price and shall not be transferred by Seller pursuant to this Contract (or any of the documents delivered at Closing), but the obligation with respect to the Tenant Security Deposit Balance nonetheless shall be assumed by Purchaser.

  • The Tenant Security Deposit Balance shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.

  • Any security deposit provided for in paragraph 4 above may be applied to actual damages caused by Tenant as permitted under the North Carolina Tenant Security Deposit Act.

  • Tenant Security Deposits—The Partnership performs credit evaluations of its tenants and generally requires a security deposit up to one month of rental income.

  • At the time of the closing of each Loan, the Master Tenant agrees to execute a Master Tenant Regulatory Agreement and a Master Tenant Security Agreement, and to cause each Operator to execute the applicable Operator Regulatory Agreement and the applicable Operator Security Agreement, and other applicable documents evidencing the Lender’s security interest in the collateral of the Master Tenant and each Operator.

  • The Tenant Security Agreement is hereby amended by replacing Schedule 2 attached thereto with Schedule 4 attached hereto.

  • If the Agent requires Tenant Security Deposits, they shall be placed in a trust account in Agent’s name in a North Carolina bank or savings and loan association.

  • The Master Lease shall be subject and subordinate to this Agreement, the Master Tenant Security Agreement, the Borrower’s Security Instrument, the Borrower’s Regulatory Agreement, and the Operator’s Regulatory Agreement.

  • The Tenant Security Deposit Balance shall not include any non-refundable deposits or fees paid by Tenants to any Seller, either pursuant to the Leases or otherwise.

  • The Tenant agrees that such action by Agent shall relieve Agent of further liability with respect to the Tenant Security Deposit.


More Definitions of Tenant Security

Tenant Security means any mortgage, deed of trust, pledge, security interest, charge or any other form of encumbrance granted by or agreed to by Tenant or any other Person (other than Landlord) with respect to its rights in this Lease, the Premises, or any property, whether real or personal, located in or forming part of the Premises, to secure in whole or in part any loan, indebtedness, authorized credit or other obligation. but, for greater certainty, shall exclude any chattel mortgage or conditional sales contract for the acquisition of equipment and fixtures such as computers, photocopiers or telephone and telecommunications systems entered into by Tenant in the ordinary course of its business.
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Related to Tenant Security

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property.

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • the Premises means the building or part of the building booked and referred to in the contract

  • Tenant’s Property means Removable Installations and, other than Installations, any personal property or equipment of Tenant that may be removed without material damage to the Premises, and (z) “Installations” means all property of any kind paid for by Landlord, all Alterations, all fixtures, and all partitions, hardware, built-in machinery, built-in casework and cabinets and other similar additions, equipment, property and improvements built into the Premises so as to become an integral part of the Premises, including, without limitation, fume hoods which penetrate the roof or plenum area, built-in cold rooms, built-in warm rooms, walk-in cold rooms, walk-in warm rooms, deionized water systems, glass washing equipment, autoclaves, chillers, built-in plumbing, electrical and mechanical equipment and systems, and any power generator and transfer switch.

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.