The Security Deposit. 16.1. The Landlord confirms that he has ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ $ [ ■ ■ ■ ■ ] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
The Security Deposit. The Security Deposit shall be held by Landlord without interest as security for the performance of Tenant's obligations under this Lease. The Security Deposit is not an advance payment of rental or the full measure of liquidated damages on a default by Tenant. On an Event of Default (hereinafter defined). Landlord may, from time to time and without prejudice to any other remedy provided herein or by law, use the Security Deposit to cure the Event of Default. After an application of the Security Deposit, Tenant shall pay to Landlord, on demand, the amount necessary to replenish Security Deposit to its original amount. On the expiration or termination of the Term, any remaining, once of the Security Deposit shall be returned by Landlord to Tenant if Tenant is not then in default. Unless there has been a permitted assignment of this Lease pursuant to Article XI, and in connection therewith Landlord receives written notice of an assignment of the right to receive the Security Deposit or the remaining balance thereof. Landlord may return the Security Deposit to the original Tenant, regardless of one or more assignments of Tenant's interest in the Security Deposit. In this event, on the return of the Security Deposit (or balance thereof) to the original Tenant (or permitted assignee, as appropriate), Landlord has no further liability with respect to the Security Deposit. On a transfer of the Premises, this Lease or the Building Landlord may transfer the Security Deposit to the transferee, after which Landlord is released from all liability for the return of the Security Deposit. for which Tenant shall look solely to the transferee.
The Security Deposit. 3.1 Security Deposit For the purpose of securing the Secured Liabilities the Depositor hereby irrevocably and unconditionally creates a Security Deposit over each registered share comprising the Deposited Shares. The Deposited Shares shall be blank endorsed. The Security Deposit is made in favour of the Depositee acting on its own behalf and in its capacity as Security Agent acting on behalf of each Finance Party and any transferees or assignees or replacements or successors of the Depositee or any such Finance Party, for the full amount of the Secured Liabilities.
The Security Deposit. 1. No later than 2 days before the beginning of the rental period, the lessee must pay the security deposit to the lessor in the amount of 750 or 900.00 EUR to cover the following costs: deductibles and loss of no-claims bonus for liability insurance in case of an accident, minor exterior and interior damage to the motorhome, missing equipment delays in the return of the vehicle, damages that are not included in the liability insurance, travel expenses for transporting the motorhome from the company headquarters to the authorised service centre.
The Security Deposit. The Lodger agrees to deposit with the Owner the amount of one month’s accommodation fee as a security deposit, payable to the Owner subsequent to the signature date hereto but prior to the commencement of the accommodation period, which security deposit shall be held by the Owner against any breach or non-performance of this agreement or any part hereof by the Lodger, including but not limited to the application of the security deposit by the Owner, in whole or part, in meeting any payment due by the Lodger to the Owner during the Accommodation Period or subsequent to the termination of this agreement, or against any damage to the Accommodation or any part of the Owner’s property which has been caused by the Lodger or by anyone who the Lodger allows to access to the Owner’s property. The Lodger shall not deduct the security deposit or any part thereof from the accommodation fees payable during any month of the agreement. At any time during the accommodation period, and subsequent to the security deposit or any part thereof having been applied by the Owner in terms of this clause 5 (five), the Lodger shall upon demand by the Owner reinstate the security deposit to its original amount; Subsequent to the termination of this agreement in accordance with clause 10 (ten) infra, the Owner shall refund to the Lodger, so much of the security deposit as has not been applied by the Owner in terms of this clause 5 (five), together with all interest accrued thereon as prescribed by the Estate Agents Affairs Act (as amended). If the deposit is insufficient to cover the amount required to cover such repairs or remedies as are permitted deductions under this Accommodation Agreement, the Lodger shall pay on demand such further sum as the Owner reasonably requires in order to cover the amount which the deposit would have otherwise covered. In the event of the Lodger failing to provide the Owner with the security deposit as contemplated in this clause 5 (five) subsequent to signature hereto but prior to the commencement of the accommodation period, the Owner shall not be compelled to grant the Lodger occupation of the accommodation; The Owner shall be entitled at its election to waive the provisions of this clause 5 or any portion thereof. The Lodger’s Obligations The Lodger must: Pay the Accommodation Fees at the time and in the manner agreed upon free of deduction; Sign and abide by the House Rules as set out in Annexure “C” (a breach of which will constitute a breach of t...
The Security Deposit. Tenant shall look solely to the transferee for the return of the Security Deposit, and it is agreed that all of the foregoing shall apply to every transfer or assignment made of the Security Deposit to a new transferee. No mortgagee or purchaser of any or all of the Building at any foreclosure proceeding brought under the provisions of any mortgage shall (regardless of whether the Lease is at the time in question subordinated to the lien of any mortgage) be liable to Tenant or any other person for any or all of such sum (or any other or additional security deposit or other payment made by Tenant under the provisions of this Lease), unless Landlord has actually delivered it in cash to such mortgagee or purchaser, as the case may be. In the event of any rightful and permitted assignment of Tenant's interest in this Lease, the Security Deposit shall be deemed to be held by Landlord as a deposit made by the assignee, and Landlord shall have no further liability to the assignor with respect to the return of the Security Deposit.