Security Deposit Clause Example with 7 Variations from Business Contracts
This page contains Security Deposit clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Security Deposit. Upon the satisfaction of the Consent Contingency, Sublessee shall deliver to Sublessor a security deposit in the amount of $83,014.80 as security for the full and faithful performance and observance by Sublessee of Sublessee's covenants and obligations under this Sublease (the "Security Deposit"). Should Sublessee fail to cure an event of default after notice and an opportunity to cure thereof as provided in this Sublease, including but not limited to Rent specified in Paragraph 4 of this Sublea...se, Sublessor may use such portion of the Security Deposit to the extent required for the payment of any Rent or any other sums as to which Sublessee is in default or for any sum which Sublessor may expend or may be required to expend by reason of Sublessee's default in respect of any of the terms, covenants and conditions of this Sublease, including, but not limited to, any damages or deficiency in the reletting of all or any portion of the Subleased Premises, whether such damages or deficiency accrue before or after summary proceedings or other re-entry by Sublessor. If Sublessor utilizes any portion of the Security Deposit to cure Sublessee's default, Sublessee shall cause the Security Deposit to be restored to its original amount and failure to do so within ten (10) days after receiving written notice from Sublessor shall be deemed a default under this Sublease. Sublessee understands that its potential liability under this Sublease is not limited to the amount of the Security Deposit. Use of said Security Deposit by Sublessor shall not constitute a waiver, but is in addition to other remedies to Sublessor under this Sublease and under law. In the event of any transfer of Sublessor's interest in the Subleased Premises, Sublessor shall either return the Security Deposit to Sublessee or assign its interest in the Security Deposit to the transferee or assignee and Sublessor shall thereupon be released by Sublessee from all liability for the return or payment of the Security Deposit; and Sublessee shall look solely to the new sublessor for the return or payment of the same; and the provisions of this Paragraph 16 shall apply to every transfer or assignment made of the same to a new sublessor. Sublessee shall not assign or encumber or attempt to assign or encumber the Security Deposit and neither Sublessor nor its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Within thirty (30) days of the later of the termination of this Sublease or Sublessee's surrender of the Subleased Premises in the condition required by this Sublease, Sublessor shall return to Sublessee that portion of the Security Deposit not used or applied by Sublessor.View More
Variations of a "Security Deposit" Clause from Business Contracts
Security Deposit. Upon the satisfaction execution of the Consent Contingency, this Sublease, Sublessee shall deliver pay to Sublessor a security deposit in the amount sum of $83,014.80 $91,589.50 (the "Security Deposit") as security for the full and faithful timely payment and performance and observance by Sublessee of Sublessee's covenants and obligations under this Sublease (the "Security Deposit"). Should Sublease. If Sublessee fail fails to cure an event pay or perform in a full and timely manner any of defau...lt after notice and an opportunity to cure thereof as provided in this Sublease, including but not limited to Rent specified in Paragraph 4 of its obligations under this Sublease, Sublessor may use such portion of the Security Deposit to the extent required for the payment of any Rent or any other sums as to which Sublessee is in default or for any sum which Sublessor may expend or may be required to expend by reason of Sublessee's default in respect of any of the terms, covenants and conditions of this Sublease, including, but not limited to, any damages or deficiency in the reletting of apply all or any portion of the Subleased Premises, whether Security Deposit toward curing any such damages failure and compensating Sublessor for any loss, damage or deficiency accrue before or after summary proceedings or other re-entry by Sublessor. expenses arising from such failure. If Sublessor utilizes so applies any portion of the Security Deposit Deposit, Sublessee shall, within five (5) business day, pay to cure Sublessee's default, Sublessee shall cause Sublessor the amount necessary to restore the Security Deposit to be restored to its original amount amount, and failure to do so within ten (10) days after receiving written notice from Sublessor shall automatically be deemed a default under this Sublease. Sublessee understands that an Event of Default, without the need for additional notice and/or cure periods. Sublessor may commingle the Security Deposit with Sublessor's funds and shall not be obligated to pay interest on the Security Deposit to Sublessee. If Sublessor assigns its potential liability under interest in this Sublease is not limited and transfers the Security Deposit (or any balance thereof) to its assignee, Sublessee shall look only to such assignee for the amount application and return of the Security Deposit. Use of said Security Deposit by Sublessor shall not constitute a waiver, but is in addition to other remedies to Sublessor under this Sublease and under law. In the event of any transfer of Sublessor's interest in the Subleased Premises, Sublessor shall either return the Security Deposit to Sublessee or assign its interest in the Security Deposit to the transferee or assignee and Sublessor shall thereupon be released by Sublessee from all liability for the return or payment of the Security Deposit; and Sublessee shall look solely to the new sublessor for the return or payment of the same; and the provisions of this Paragraph 16 shall apply to every transfer or assignment made of the same to a new sublessor. Sublessee shall not assign or encumber or attempt to assign or encumber the Security Deposit and neither Sublessor nor its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Within thirty (30) days of the later of the termination of this Sublease or Sublessee's surrender of the Subleased Premises in the condition required by this Sublease, Sublessor shall return to Sublessee that portion of the Security Deposit not used or applied by Sublessor.View More
Security Deposit. Upon the satisfaction of the Consent Contingency, Sublessee shall deliver to deposit with Sublessor a security deposit the sum specified in the amount of $83,014.80 Paragraph 1.6(b) as security for the full and Sublessee's faithful performance and observance by Sublessee of Sublessee's covenants and obligations under this Sublease (the "Security Deposit"). Should hereunder. If Sublessee fail fails to cure an event of default after notice and an opportunity pay Rent or other charges due hereunder..., or otherwise defaults with respect to cure thereof as provided in this Sublease, including but not limited to Rent specified in Paragraph 4 any provision of this Sublease, Sublessor may use such use, apply or retain all or any portion of the Security Deposit to the extent required said deposit for the payment of any Rent or any other sums as to which Sublessee is charge in default or for the payment of any other sum to which Sublessor may expend or may be required to expend become obligated by reason of Sublessee's default in respect of default, or to compensate Sublessor for any of the terms, covenants and conditions of this Sublease, including, but not limited to, any damages loss or deficiency in the reletting of damage which Sublessor may suffer thereby. If Sublessor so uses or applies all or any any, portion of the Subleased Premises, whether such damages or deficiency accrue before or said deposit, Sublessee shall within 10 days after summary proceedings or other re-entry by Sublessor. If written demand therefore forward to Sublessor utilizes any portion of the Security an amount sufficient to restore said Deposit to cure the full amount provided for herein and Sublessee's default, Sublessee shall cause the Security Deposit to be restored to its original amount and failure to do so within ten (10) days after receiving written notice from Sublessor shall be deemed a default under material breach of this Sublease. Sublessee understands that its potential liability under this Sublease is not limited to the amount of the Security Deposit. Use of said Security Deposit by Sublessor shall not constitute a waiver, but is in addition be required to other remedies to Sublessor under this Sublease and under law. In the event keep said Deposit separate from its general accounts. If Sublessee performs all of any transfer Sublessee's obligations hereunder, said Deposit, or so much thereof as has not therefore been applied by Sublessor, shall be returned, without payment of Sublessor's interest in the Subleased Premises, Sublessor shall either return the Security Deposit to Sublessee or assign its interest in the Security Deposit (or at Sublessor's option, to the transferee or assignee and Sublessor shall thereupon be released by Sublessee from all liability for last assignee, if any, of Sublessee's interest hereunder) at the return or payment expiration of the Security Deposit; term hereof, and after Sublessee has vacated the Premises. No trust relationship is created herein between Sublessor and Sublessee shall look solely with respect to the new sublessor for the return or payment of the same; and the provisions of this Paragraph 16 shall apply to every transfer or assignment made of the same to a new sublessor. Sublessee shall not assign or encumber or attempt to assign or encumber the said Security Deposit and neither Sublessor nor its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Within thirty (30) days of the later of the termination of this Sublease or Sublessee's surrender of the Subleased Premises in the condition required by this Sublease, Sublessor shall return to Sublessee that portion of the Security Deposit not used or applied by Sublessor. Deposit. View More
Security Deposit. Upon the satisfaction of the Consent Contingency, Sublessee shall deliver pay to Sublessor a security deposit in the amount sum of $83,014.80 $38,185.00 ("Security Deposit") as security for the full and faithful timely payment and performance and observance by Sublessee of Sublessee's covenants and obligations under this Sublease. Sublessee shall deliver the Security Deposit to Sublessor upon the execution hereof. Sublessor shall have no obligation to segregate the Security Deposit from Sublesso...r's other funds. The Security Deposit shall be refunded to Sublessee, without interest, within thirty (30) days after the termination of this Sublease (the "Security Deposit"). Should subject to Sublessee's satisfactory compliance with the conditions of this Sublease and subject to deduction for payment of Sublessee's obligations not then fulfilled by Sublessee. If Sublessee fail fails to cure an event pay or perform in a full and timely manner any of default after notice and an opportunity to cure thereof as provided in this Sublease, including but not limited to Rent specified in Paragraph 4 of its obligations under this Sublease, Sublessor may use such portion of the Security Deposit to the extent required for the payment of any Rent or any other sums as to which Sublessee is in default or for any sum which Sublessor may expend or may be required to expend by reason of Sublessee's default in respect of any of the terms, covenants and conditions of this Sublease, including, but not limited to, any damages or deficiency in the reletting of apply all or any portion of the Subleased Premises, whether Security Deposit toward curing any such damages default under this Sublease (beyond any applicable notice and cure periods) and compensating Sublessor for any loss, damage or deficiency accrue before or after summary proceedings or other re-entry by Sublessor. 2 expenses arising from such default. If Sublessor utilizes so applies any portion of the Security Deposit to cure Sublessee's default, Deposit, Sublessee shall cause pay to Sublessor the amount necessary to restore the Security Deposit to be restored to its original amount within five (5) days after written demand and failure to do so within ten (10) five (5) days after receiving written notice from Sublessor demand shall be deemed a default under this Sublease. an automatic Event of Default hereunder. Sublessee understands that its potential liability under this Sublease is may not limited to the amount of the Security Deposit. Use of said Security Deposit by Sublessor shall not constitute a waiver, but is in addition to other remedies to Sublessor under this Sublease and under law. In the event of any transfer of Sublessor's interest in the Subleased Premises, Sublessor shall either return use the Security Deposit to pay any of Sublessee's payment obligations, and Sublessee shall not have the right to mortgage, transfer, assign or assign its encumber the Security Deposit. Sublessee acknowledges that Sublessee has no interest in the Security Deposit paid by Sublessor to Landlord under the Lease ("Original Security Deposit"), which Original Security Deposit shall continue to be held by Landlord subject to the transferee or assignee and Sublessor shall thereupon be released by Sublessee from all liability for the return or payment terms of the Security Deposit; and Sublessee shall look solely to the new sublessor for the return or payment of the same; and the provisions of this Paragraph 16 shall apply to every transfer or assignment made of the same to a new sublessor. Sublessee shall not assign or encumber or attempt to assign or encumber the Security Deposit and neither Sublessor nor its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Within thirty (30) days of the later of the termination of this Sublease or Sublessee's surrender of the Subleased Premises in the condition required by this Sublease, Sublessor shall return to Sublessee that portion of the Security Deposit not used or applied by Sublessor. Lease. View More
Security Deposit. Upon Sublessee has concurrently with the satisfaction execution of this Sublease deposited with Sublessor the Consent Contingency, Sublessee shall deliver sum of $300,000.00 (hereinafter sometimes referred to Sublessor a security deposit in as the amount of $83,014.80 "Security Deposit") as security for the full and faithful performance and observance by Sublessee of Sublessee's covenants and obligations under every provision of this Sublease (the "Security Deposit"). Should by Sublessee. If Sub...lessee fail to cure an event of default after notice and an opportunity to cure thereof as provided in this Sublease, including but not limited to Rent specified in Paragraph 4 shall fully perform each provision of this Sublease, Sublessor may use such that portion of the Security Deposit which has not been used by Sublessor to apply to any costs, charges or payments owing by Sublessee to Sublessor hereunder shall be returned to Sublessee without interest within thirty (30) days after the expiration or earlier termination (except where such termination is pursuant to Section 12) of the Sublease. Sublessor may deliver the funds deposited hereunder by Sublessee to the extent required for the payment of any Rent purchaser or any other sums as to which Sublessee is in default or for any sum which Sublessor may expend or may be required to expend by reason of Sublessee's default in respect of any of the terms, covenants and conditions of this Sublease, including, but not limited to, any damages or deficiency in the reletting of all or any portion of the Subleased Premises, whether such damages or deficiency accrue before or after summary proceedings or other re-entry by Sublessor. If Sublessor utilizes any portion of the Security Deposit to cure Sublessee's default, Sublessee shall cause the Security Deposit to be restored to its original amount and failure to do so within ten (10) days after receiving written notice from Sublessor shall be deemed a default under this Sublease. Sublessee understands that its potential liability under this Sublease is not limited to the amount of the Security Deposit. Use of said Security Deposit by Sublessor shall not constitute a waiver, but is in addition to other remedies to Sublessor under this Sublease and under law. In the event of any transfer transferee of Sublessor's interest in the Subleased Premises, Premises in the event that such interest be sold or transferred, and, in the event the purchaser or transferee agrees in writing to assume all of the obligations of Sublessor under this Sublease, thereupon Sublessor shall either be discharged from any further liability with respect to such Security Deposit. Notwithstanding the foregoing, Sublessor agrees that, so long as Sublessee is not in default under the Sublease that continues beyond the applicable notice and cure period and so long as immediately prior to months 13, 16, 19 and 24 of the Sublease Term Sublessee provides, upon receipt of Sublessor's written request, reasonable evidence to Sublessor (or Sublessor is otherwise reasonably able to determine to its satisfaction) that Sublessee has no less than one (1) year's operating cash (consisting of cash, cash equivalents and investment securities on Sublessee's balance sheet) available to it, which evidence shall be satisfied by a copy of Sublessee's most recent annual or quarterly report on Form 10-K or 10-Q, respectively, Sublessor will deduct from the Security Deposit and apply to Sublessee's Base Rent obligation hereunder the amount necessary to pay such Base Rent obligation for such months, respectively. Sublessor will continue to hold the balance of the Security Deposit until the expiration or earlier termination of the Sublease. If an event of default under the Sublease shall occur and continue beyond the applicable notice and cure period, Sublessee shall, upon receipt of written notice from Sublessor, promptly pay and restore any amounts of the Security Deposit that have been credited against Base Rent hereunder, and, following expiration of the applicable notice and cure period for such event of default, Sublessor will make no further deductions from the Security Deposit. If Master Lessor terminates or revokes its consent to this Sublease for any reason other than the default by Sublessee, and this Sublease terminates as a result, Sublessor shall return the Security Deposit to Sublessee within fifteen (15) days following such termination or assign its interest in the Security Deposit to the transferee or assignee and Sublessor shall thereupon be released by Sublessee from all liability for the return or payment of the Security Deposit; and Sublessee shall look solely to the new sublessor for the return or payment of the same; and the provisions of this Paragraph 16 shall apply to every transfer or assignment made of the same to a new sublessor. Sublessee shall not assign or encumber or attempt to assign or encumber the Security Deposit and neither Sublessor nor its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Within thirty (30) days of the later of the termination of this Sublease or Sublessee's surrender of the Subleased Premises in the condition required by this Sublease, Sublessor shall return to Sublessee that portion of the Security Deposit not used or applied by Sublessor. revocation. View More
Security Deposit. Upon Concurrently with the satisfaction execution of the Consent Contingency, this Sublease, Sublessee shall deliver pay to Sublessor a security deposit in the amount of $83,014.80 as security $306,714.58, in the form of cash (the "Security Deposit") for the full and Sublessee's faithful performance and observance of Sublessee's obligations 5 hereunder. If Sublessee fails to pay any amount due to be paid by Sublessee of Sublessee's covenants and obligations under this Sublease (the "Security Dep...osit"). Should Sublessee fail to cure an event of default after notice and an opportunity to cure thereof as provided in this Sublease, including but not limited to Rent specified in Paragraph 4 of this Sublease, Sublessor may use such use, apply or retain all or any portion of the Security Deposit to the extent required for the payment of any Rent or any other sums as amount due and payable from Sublessee to which Sublessee is in default or for any sum which Sublessor may expend or may be required pursuant to expend by reason of Sublessee's default in respect of any of the terms, covenants terms and conditions of set forth in this Sublease, including, but not limited to, any damages Sublease. If Sublessor uses or deficiency in the reletting of applies all or any portion of the Subleased Premises, whether such damages or deficiency accrue before or after summary proceedings or other re-entry by Sublessor. If Sublessor utilizes any portion of the Security Deposit to cure Sublessee's default, in accordance with the preceding sentence, Sublessee shall cause the Security Deposit deposit cash in an amount sufficient to be restored to its original amount and failure to do so within ten (10) days after receiving written notice from Sublessor shall be deemed a default under this Sublease. Sublessee understands that its potential liability under this Sublease is not limited to the amount of the Security Deposit. Use of said Security Deposit by Sublessor shall not constitute a waiver, but is in addition to other remedies to Sublessor under this Sublease and under law. In the event of any transfer of Sublessor's interest in the Subleased Premises, Sublessor shall either return the Security Deposit to Sublessee or assign its interest in restore the Security Deposit to the transferee or assignee and full amount first set forth above within thirty (30) days after Sublessee's receipt of written demand from Sublessor. Sublessee's failure to do so shall constitute a material breach of this Sublease. Sublessor shall thereupon not be released by required to keep the Security Deposit separate from its general funds. Provided Sublessee from all liability for the return or payment is not in Default and following application of the Security Deposit; Deposit against any amounts due and payable from Sublessee shall look solely to the new sublessor for the return or payment of the same; and the provisions of Sublessor in accordance with this Paragraph 16 shall apply to every transfer or assignment made of the same to a new sublessor. Sublessee shall not assign or encumber or attempt to assign or encumber Sublease, the Security Deposit and neither Sublessor nor its successors or assigns any remaining portion thereof shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Within returned to Sublessee within thirty (30) days after the expiration of the later of the termination term of this Sublease or Sublessee's surrender of the Subleased Premises in the condition required by this Sublease, Sublessor shall return to Sublessee that portion of the Security Deposit not used or applied by Sublessor. any extensions thereof. View More
Security Deposit. Upon Sublessee herewith deposits with Sublessor the satisfaction sum of the Consent Contingency, Sublessee shall deliver to Sublessor a security deposit in the amount of $83,014.80 fifty seven thousand five hundred and one dollars ($57,501.00) as security for the full and faithful performance and observance by Sublessee of Sublessee's covenants and obligations under every provision of this Sublease (the "Security Deposit"). Should to be performed by Sublessee. If Sublessee fail defaults with res...pect to cure an event any term, provision or covenant of default after notice and an opportunity to cure thereof as provided in this Sublease, including but not limited to Rent specified in Paragraph 4 the provisions of this Sublease, Sublease relating to the payment of rent, after the giving of notice and expiration of applicable grace periods. Sublessor may use such portion use, apply or retain all or any part of the Security Deposit to the extent required this security deposit for the payment of any Rent rent or other sum in default, or for the payment of any other sums as to which Sublessee is in default or for any sum amount which Sublessor may expend or may be required becomes obligated to expend spend by reason of Sublessee's default in respect default, or to compensate Sublessor for any other loss or damage which Sublessor may suffer by reason of any of the terms, covenants and conditions of this Sublease, including, but not limited to, any damages or deficiency in the reletting of all or Sublessee's default. If any portion of the Subleased Premises, whether such damages said deposit is so used or deficiency accrue before or after summary proceedings or other re-entry by Sublessor. If Sublessor utilizes any portion of the Security Deposit to cure Sublessee's default, applied, Sublessee shall cause within ten (10) days after written demand therefor deposit cash with Sublessor in amounts sufficient to restore the Security Deposit to be restored security deposit to its original amount and Sublessee's failure to do so within ten (10) days after receiving written notice from Sublessor shall be deemed a an event of default under this Sublease. Sublessee understands that its potential liability under this Sublease is not limited to the amount of the Security Deposit. Use of said Security Deposit by Sublessor shall not constitute a waiver, but is in addition be required to other remedies to Sublessor under keep this Sublease and under law. In the event of any transfer of Sublessor's interest in the Subleased Premises, Sublessor shall either return the Security Deposit to Sublessee or assign security deposit separate from its interest in the Security Deposit to the transferee or assignee and Sublessor shall thereupon be released by Sublessee from all liability for the return or payment of the Security Deposit; general funds and Sublessee shall look solely not be entitled to the new sublessor for the return or payment of the same; interest on such deposit. If Sublessee shall fully and the provisions faithfully perform every provision of this Paragraph 16 shall apply Sublease to every transfer be performed by it, the security deposit or assignment made of the same to a new sublessor. Sublessee shall not assign or encumber or attempt to assign or encumber the Security Deposit and neither Sublessor nor its successors or assigns any balance thereof shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Within returned to Sublessee within thirty (30) days after the expiration or earlier termination of the later Sublease Term (other than as a result of the termination of this Sublease or Sublessee's surrender of the Subleased Premises in the condition required by this Sublease, Sublessor shall return to Sublessee that portion of the Security Deposit not used or applied by Sublessor. default). View More
Security Deposit. Upon the satisfaction of the Consent Contingency, Sublessee shall deliver to deposit with Sublessor a security deposit in upon execution of this Sublease the amount sum of $83,014.80 Seven thousand fifty-nine dollars and sixty-seven cents ($7,059.67) as security for the full and Sublessee's faithful performance and observance by Sublessee of Sublessee's covenants and obligations hereunder ("Security Deposit"). If Sublessee fails to pay rent or other charges when due under this Sublease (the "Sec...urity Deposit"). Should Sublessee fail Sublease, or fails to cure an event perform any of default after notice and an opportunity to cure thereof as provided in this Sublease, including but not limited to Rent specified in Paragraph 4 of this Sublease, its other obligations hereunder, Sublessor may use such portion of the Security Deposit to the extent required for the payment of any Rent or any other sums as to which Sublessee is in default or for any sum which Sublessor may expend or may be required to expend by reason of Sublessee's default in respect of any of the terms, covenants and conditions of this Sublease, including, but not limited to, any damages or deficiency in the reletting of apply all or any portion of the Subleased Premises, whether such damages or deficiency accrue before or after summary proceedings Security Deposit for the payment of any rent or other re-entry amount then due hereunder unpaid, for the payment of any other sum for which Sublessor becomes obligated by Sublessor. reason of Sublessee's default or breach, or any loss or damage sustained by Sublessor as a result of Sublessee's default or breach. If Sublessor utilizes so uses any portion of the Security Deposit to cure Sublessee's default, Deposit, Sublessee shall cause the Security Deposit to be restored to its original amount and failure to do so shall, within ten (10) days after receiving written notice from Sublessor shall be deemed a default under this Sublease. Sublessee understands that its potential liability under this Sublease is not limited to the amount of the Security Deposit. Use of said Security Deposit demand by Sublessor shall not constitute a waiver, but is in addition to other remedies to Sublessor under this Sublease and under law. In the event of any transfer of Sublessor's interest in the Subleased Premises, Sublessor shall either return the Security Deposit to Sublessee or assign its interest in Sublessor, restore the Security Deposit to the transferee or assignee full amount originally deposited, and Sublessee's failure to do so shall constitute a default under this sublease. Sublessor shall thereupon not be released by Sublessee from all liability for the return or payment of the Security Deposit; and Sublessee shall look solely required to the new sublessor for the return or payment of the same; and the provisions of this Paragraph 16 shall apply to every transfer or assignment made of the same to a new sublessor. Sublessee shall not assign or encumber or attempt to assign or encumber keep the Security Deposit separate from its general accounts, and neither shall have no obligation or liability for payment of interest on the Security Deposit. In the event Sublessor nor assigns its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Within thirty (30) days of the later of the termination of this Sublease or Sublessee's surrender of the Subleased Premises interest in the condition required by this Sublease, Sublessor shall return delivery to Sublessee that portion its assignee so much of the Security Deposit as is then held by Sublessor. Within ten (10) days after the Term has expired, or Sublessee has vacated the Premises, or any final adjustment pursuant to Subsection 6.2 hereof has been made, whichever shall last occur, and provided Sublessee is not used then in default of any of its obligations hereunder, the Security Deposit, or so much thereof as had not theretofore been applied by Sublessor. Sublessor, shall be returned to Sublessee or to the last assignee, if any, of Sublessee's interest hereunder. View More
