Security Deposit Clause Example with Variations from Business Contracts

Security Deposit. Tenant shall deposit with Landlord upon Tenant's execution hereof the Security Deposit set forth in Paragraph 1.7 as security for Tenant's faithful performance of Tenant's obligations under this Lease. If Tenant fails to pay Base Rent or other rent or charges due hereunder, Additional Rent within any applicable notice and cure period or otherwise Defaults under this Lease (as defined in Paragraph 13.1), Landlord may use, apply use the Security Deposit for the payment of any amount due Landlord... or retain all to reimburse or compensate Landlord for any portion of said Security Deposit, liability, cost, expense, loss, or damage (including attorneys' fees) which Landlord may suffer or incur by reason thereof. Tenant shall within ten (10) days after written request therefore deposit monies with on demand pay Landlord sufficient the amount so used or applied so as to restore said the Security Deposit to the full amount required by this Lease. set forth in Paragraph 1.7. Landlord shall not be required to keep all or any part of the Security Deposit separate from its general accounts. Landlord shall, at the expiration or earlier termination of the term hereof and after Tenant has vacated the Premises, Premises return to Tenant (or, at Landlord's option, to the last assignee, if any, of Tenant's interest herein), that portion of the Security Deposit not used or applied by Landlord. Unless otherwise expressly agreed in writing by Landlord, no No part of the Security Deposit shall be considered to be held in trust, to bear interest or other increment for its use, interest, or to be prepayment for any monies to be paid by Tenant under this Lease. Notwithstanding anything to the contrary, Tenant hereby specifically acknowledges and agrees that Landlord may hold and apply the Security Deposit against future rent damages incurred by Landlord in the event of a default by Tenant under this Lease and Tenant specifically waives the provisions of California Civil Code Section 1950.7 or any statute which would prevent Landlord from making such application. View More

Security Deposit. Tenant shall deposit with Landlord upon Tenant's execution hereof the Security Deposit set forth in Paragraph 1.7 Section 1.9 as security for Tenant's faithful performance of Tenant's obligations under this Lease. If Tenant fails to pay Base Rent or other rent Additional Rent or charges due hereunder, or otherwise Defaults is in default under this Lease (as defined in Paragraph 13.1), Lease, Landlord may use, apply or retain all or any portion of said Security Deposit for the payment of any... amount due Landlord or to reimburse or compensate Landlord for any liability, cost, expense, loss or damage (including attorneys' fees) which Landlord may suffer or incur by reason thereof. If Landlord uses or applies all or any portion of said Security Deposit, Tenant shall within ten (10) days after written request therefore therefor deposit monies with Landlord sufficient to restore said Security Deposit to the full amount required by this Lease. Landlord shall not be required to keep all or any part of the Security Deposit separate from its general accounts. Landlord shall, at within sixty (60) days after the expiration or earlier termination of the term hereof and after Tenant has vacated the Premises, return to Tenant (or, at Landlord's option, to the last assignee, if any, of Tenant's interest herein), that portion of the Security Deposit not used or applied by Landlord. Unless otherwise expressly agreed in writing by Landlord, no No part of the Security Deposit shall be considered to be held in trust, to bear interest or other increment for its use, or to be prepayment for any monies to be paid by Tenant under this Lease. Unless Tenant is so notified, (i) Landlord will hold the Security Deposit and be responsible for its return; and (ii) Tenant may request return of the Security Deposit by giving Landlord written notice in accordance with the provisions of the Lease, and Landlord's manager, if any, agrees that in the event of a dispute over the ownership of the Security Deposit, the manager will not wrongfully withhold Landlord's true name and current mailing address from Tenant. Landlord may deliver the funds deposited herein by Tenant to the purchaser of Landlord's interest in the Premises in the event such interest be sold, and thereupon, Landlord shall be discharged from further liability with respect to such deposit. If the claims of Landlord exceed said deposit, Tenant shall remain liable for the balance of such claims. View More

Security Deposit. Tenant shall deposit with Landlord upon Tenant's execution hereof the Security Deposit set forth in Paragraph 1.7 H of the Summary as security for Tenant's faithful performance of Tenant's obligations under this Lease. If Tenant fails to pay Base Rent or other rent Rent or charges due hereunder, hereunder before, beyond any applicable notice and cure period, or after the termination or expiration of this Lease, or otherwise Defaults is in Breach under this Lease (as defined in Paragraph 13.1), 12.1), Landlord may use, apply or retain all or any portion of said the Security Deposit for the payment of any amount due Landlord or to reimburse or compensate Landlord for any liability, cost, expense, loss or damage (including attorneys' fees and costs) which Landlord may suffer or incur by reason thereof, whether foreseeable or unforeseeable, including to offset Rent which is unpaid either before or after the termination of this Lease. If Landlord uses or applies all or any portion of the Security Deposit, Tenant shall shall, within ten (10) days after written request therefore therefor, deposit monies with Landlord sufficient to restore said the Security Deposit to the full amount required by this Lease. Landlord shall not be required to keep all or any part of the Security Deposit separate from its general accounts. Landlord shall, at no later than 45 days after the expiration or earlier termination of the term Term hereof and after Tenant has vacated the Premises, return to Tenant (or, at Landlord's option, to the last approved assignee, if any, of Tenant's interest herein), herein, provided that Tenant's interest in the Security Deposit has been transferred to such assignee), that portion of the Security Deposit not used or applied by Landlord. Unless otherwise expressly agreed in writing by Landlord, no part of the Security Deposit shall be considered to be held in trust, to bear interest or other increment for its use, or to be prepayment for any monies to be paid by Tenant under this Lease. Tenant waives any and all rights under (i) California Civil Code Section 1950.7, as amended or recodified from time to time, and any and all other laws, rules and regulations, now or hereafter in force, applicable to security deposits in the commercial context ("Security Deposit Laws"), and (ii) any and all rights, duties and obligations either Party may now or, in the future, will have relating to or arising from Security Deposit Laws. View More

Security Deposit. Tenant shall deposit with Landlord upon Tenant's execution hereof the Security Deposit set forth in Paragraph 1.7 as security for Tenant's faithful performance of Tenant's Tenants obligations under this Lease. If Tenant fails to pay Base Rent or other rent or charges due hereunder, Additional Rent or otherwise Defaults defaults under this Lease (as defined in Paragraph 13.1), Landlord may use, apply use the Security Deposit for the payment of any amount due Landlord or retain all to reimburse... or compensate Landlord for any portion of said Security Deposit, liability, cost, expense, loss or damage (including legal fees) which Landlord may suffer or incur by reason thereof. Tenant shall within ten (10) days after written request therefore deposit monies with on demand pay Landlord sufficient the amount so used or applied so as to restore said the Security Deposit to the full amount required by this Lease. set forth in Paragraph 1.7. Landlord shall not be required to keep all or any part of the Security Deposit separate from its general accounts. Landlord shall, at the expiration or earlier termination of the term hereof and after Tenant has vacated the Premises, return to Tenant (or, at Landlord's option, to the last assignee, if any, of Tenant's interest herein), that portion of the Security Deposit not used or applied by Landlord. Unless otherwise expressly agreed in writing by Landlord, no No part of the Security Deposit shall be considered to be held in trust, to bear interest or other increment for its use, interest, or to be prepayment for any monies to be paid by Tenant under this Lease. View More

Security Deposit. Tenant shall deposit with Landlord upon Tenant's execution hereof the Security Deposit set forth in Paragraph 1.7 as security for Tenant's faithful performance of Tenant's obligations under this Lease. If Tenant fails to pay Base Rent or other rent or charges due hereunder, Additional Rent or otherwise Defaults defaults under this Lease (as defined in Paragraph paragraph 13.1), landlord may use the security deposit for the payment of any amount due Landlord or to reimburse or compensate... Landlord for any liability, cost, expense, loss, or damage (including attorneys' fees) which Landlord may use, apply suffer or retain all or any portion of said Security Deposit, incur by reason thereof. Tenant shall within ten (10) days after written request therefore deposit monies with on demand pay Landlord sufficient the amount so used or applied so as to restore said the Security Deposit to the full amount required by this Lease. set forth in Paragraph 1.7. Landlord shall not be required to keep all or any part of the Security Deposit separate from its general accounts. Landlord shall, at the expiration or earlier termination of the term hereof and after Tenant has vacated the Premises, return to Tenant (or, at Landlord's option, to the last assignee, if any, of Tenant's interest herein), that portion of the Security Deposit not used or applied by Landlord. Unless otherwise expressly agreed in writing by Landlord, no No part of the Security Deposit shall be considered to be held in trust, to bear interest or other increment for its use, interest, or to be prepayment for any monies to be paid by Tenant under this Lease. View More

Security Deposit. Upon the execution of this Lease, Tenant shall deposit with Landlord upon Tenant's execution hereof the sum of the Security Deposit set forth in Paragraph 1.7 1.6, as security for Tenant's faithful performance of Tenant's obligations under this Lease. If Tenant fails to pay Base Rent or other rent or charges due hereunder, or otherwise Defaults under this Lease "Defaults" (as defined in Paragraph 13.1), 13.1) under this Lease, Landlord may use, apply or retain all or any portion of said... Security Deposit for the payment of any amount due Landlord or to reimburse or compensate Landlord for any liability, cost, expense, loss or damage 5 (including attorneys' fees) which Landlord may suffer or incur by reason thereof. If Landlord uses or applies all or any portion of said Security Deposit, Tenant shall within ten (10) days after Landlord's written request therefore therefor, Tenant shall deposit monies with Landlord funds sufficient to restore said Security Deposit to the full amount required by this Lease. Landlord shall not be required to keep all or any part of the Security Deposit separate from its general accounts. If Tenant performs all of Tenant's obligations hereunder, Landlord shall, at the expiration or earlier termination of the term Term hereof and after Tenant has vacated the Premises, return to Tenant (or, at Landlord's option, to the last assignee, if any, of Tenant's interest herein), that portion of the Security Deposit not used or applied by Landlord. Unless otherwise expressly agreed in writing by Landlord, no No part of the Security Deposit shall be considered to be held in trust, to bear interest or other increment for its use, or to be prepayment for any monies moneys to be paid by Tenant under this Lease. View More