Common use of Amount of Deposit Clause in Contracts

Amount of Deposit. Tenant shall deposit with Landlord a Security Deposit within ten (10) days following the date of this Lease in the amount set forth in Section 1g, which sum Landlord shall retain as security for the performance by Tenant of each of its obligations hereunder. The Security Deposit shall not bear interest.

Appears in 3 contracts

Sources: Office Lease (Autobytel Inc), Lease Agreement (Tengion Inc), Office Lease (Biotel Inc.)