Additional Security Deposit Clause Samples

Additional Security Deposit. Upon Tenant’s execution hereof, Tenant shall pay Landlord the sum of $17,298.60 which is added to and becomes part of the Security Deposit held by Landlord as provided under Section 1.08 of the Lease and Section 4 of the First Amendment as security for payment of Rent and the performance of the other terms and conditions of the Lease by Tenant. Accordingly, simultaneous with the execution hereof, the Security Deposit is increased from $72,365.40 to $89,664.00.

Additional Security Deposit. Upon Tenant’s execution hereof, Tenant shall pay Landlord the sum of $62,152.64, which shall be added to and become part of the Security Deposit held by Landlord pursuant to Section 1.8 of the Lease, subject to Section 1.5 above. Accordingly, simultaneously with the execution hereof, and subject to Section 1.5 above, Section 1.8 of the Lease shall be amended in its entirety to read as follows:

Additional Security Deposit. The additional security deposit (ASD) will be applicable when a rebate of more than 12 % with no maximum limit. The ASD is calculated as follows: Additional security deposit = (X/100) x office estimated cost, Where X=percentage rebate quoted above 12% The ASD shall be paid online in the ASD tab for bidders in e-Tendering system before submission of the bid.

Additional Security Deposit. The additional security deposit (ASD) will be applicable when a rebate of more than 12 % with no maximum limit. The ASD is calculated as follows: Additional security deposit = (X/100) x office estimated cost, Where X=percentage rebate quoted above 12% The successful bidder shall submit the applicable A.S.D in the form of Demand Draft to BMC within 15 working days after issue of Letter of Acceptance and same shall be deposited to any CFC center of BMC. If the successful bidder fails to submit the applicable A.S.D. within 15 working days the E.M.D. Paid by the bidder will be forfeited and the company will be debarred for two years, similarly if the director/ partner of said company is also working in other company as a director/ partner of said company is also working in other company as a director/ partner the said company will also be debarred for two years.

Additional Security Deposit. No additional security deposit shall be required in connection with this Amendment.

Additional Security Deposit. Concurrently with ▇▇▇▇▇▇’s delivery of this Amendment, Tenant shall deliver the sum of $19,914.00 to Landlord, which sum shall be added to the Security Deposit presently being held by Landlord in accordance with Section 4.3 of the Lease. Accordingly, the Security Deposit is increased from $88,236.00 to $108,150.00.

Additional Security Deposit. A. Tenant shall deliver a letter of credit for Suite 200A (the "Suite 200A Letter of Credit") to Landlord upon execution of this Amendment. The security deposit for Suite 200A (the "Suite 200A Security Deposit") shall be in the form of an irrevocable letter of credit, similar to the form attached hereto as Exhibit C, which Suite 200A Letter of Credit shall: (i) be in the amount of $918,766.80; (ii) be in form and substance satisfactory to Landlord; (c) name Landlord as its beneficiary; (d) be drawn on an FDIC insured financial institution reasonably satisfactory to the Landlord; and (e) expire no later than 60 days after the Extended Termination Date. Notwithstanding anything herein to the contrary, provided Tenant is not in default under this Lease as of the effective date of any reduction of the Suite 200A Security Deposit, Tenant shall have the right to reduce the amount of the Suite 200A Security Deposit (i.e. the Suite 200A Letter of Credit) pursuant to Section 4 of the Lease. B. Tenant shall deliver a letter of credit for Suite 200 (the "Suite 200 Letter of Credit") to Landlord on or before May 1, 2001. The security deposit for Suite 200 (the "Suite 200 Security Deposit") shall be in the form of an irrevocable letter of credit, similar to the form attached hereto as Exhibit C, which Suite 200 Letter of Credit shall: (i) be in the amount of $1,318,161.60; (ii) be in form and substance satisfactory to Landlord; (c) name Landlord as its beneficiary; (d) be drawn on an FDIC insured financial institution satisfactory to the Landlord; and (e) expire no later than 60 days after the Extended Termination Date. Provided that Tenant is not in default under the Lease, Landlord shall, upon receipt of the Suite 200 Letter of Credit, return the Suite 200A Letter of Credit to Tenant. Notwithstanding anything herein to the contrary, provided Tenant is not in default under this Lease as of the effective date of any reduction of the Suite 200 Security Deposit, Tenant shall have the right to reduce the amount of the Suite 200 Security Deposit (i.e. the Suite 200 Letter of Credit) pursuant to Section 4 of the Lease. C. Tenant shall deliver a letter of credit for the Premises (the "Third Letter of Credit") to Landlord on or before September 1, 2001. The security deposit for the Premises (the "Additional Security Deposit") shall be in the form of an irrevocable letter of credit, similar to the form attached hereto as Exhibit C, which the Third Letter of Credit shall: (i) b...

Additional Security Deposit. If a Facility is affected by any of the conditions described in Subsection (h) under the definition of Event of Default, and such condition continues beyond the shorter of (i) the period during which Tenant is in good faith appealing such condition, and (ii) one-hundred twenty (120) days (subject to extension to up to one hundred fifty days (150) with Landlord’s written consent, not to be unreasonably withheld), then Tenant shall increase the amount of the Security Deposit. The increase (“Increase”) shall be in an amount equal to the Fair Market Value which the affected Facility would have if none of the conditions described in Subsection (h) existed with respect to that Facility and if the Facility had licensed beds equal to the number of licensed beds in the Facility as of immediately prior to the Event of Default, an occupancy rate equal to the State average occupancy rate for facilities utilized for the Primary Intended Use of the Facility, less the actual Fair Market Value of the Facility. If the parties cannot agree upon the amount of the Increase, the amount of the Increase shall be determined in accordance with the arbitration procedures set forth in ARTICLE XXXVI. Tenant may fund the Increase in equal monthly installments beginning on the first (1st) day of the first (1st) month following the end of the time periods set forth above and ending on the earlier of (i) three (3) years thereafter, and (ii) two (2) years prior to the end of the Term; provided, however, that if the obligation to fund occurs during the last two (2) years of the Term, the Increase shall be funded immediately. If an Increase has been funded, the Facility is subsequently no longer affected by any of the conditions described in Subsection (h), the Facility has been reopened, and no Event of Default is continuing, the Increase shall be returned to Tenant. Pending an agreement between Landlord and Tenant as to the amount of the Increase, Tenant will fund the Increase based upon Tenant’s good faith estimate of the amount thereof.

Additional Security Deposit. = Rs. [% rate quoted by the contractor -15] x 50/100 x Cost put tender (i.e. Rs. /-) If the contractor does not deposit this additional security deposit (if applicable) within stipulated time then his ▇▇▇▇▇▇▇ money deposit will be forfeited and his tender will not be considered for acceptance. This additional security deposit shall be extendable up to expiry of valid extensions if any and it shall be refunded along with the final ▇▇▇▇, after satisfactory completion of work.