Common use of Increase in security deposit Clause in Contracts

Increase in security deposit. The parties acknowledge that Landlord is presently holding a security deposit in the amount of $292,458.84, and that such security deposit is being held by Landlord in accordance with Article 32 of the Original Lease. Such security deposit is hereby increased to the sum of $332,264.67 and accordingly Tenant is hereby simultaneously delivering to Landlord the sum of $39,805.83 so as to accordingly increase the security

Increase in security deposit. The parties acknowledge that Landlord is presently holding a security deposit in Tenant shall increase the amount of the Security Deposit to Four Hundred Thirty-Five Thousand Eight Hundred Seventy-Four Dollars ($292,458.84435,874) (the “Increased Security Deposit”). Upon execution of this Amendment, Tenant shall deposit with Landlord the difference between the Increased Security Deposit and that such security deposit is being held by Landlord in accordance with Article 32 of the Security Deposit required under the Original Lease. Such security deposit is hereby increased The provisions in the Original Lease applicable to the sum of $332,264.67 and accordingly Tenant is hereby simultaneously delivering Security Deposit shall apply to Landlord the sum of $39,805.83 so as to accordingly increase in the securitySecurity Deposit required by this Section 4.

Increase in security deposit. The parties acknowledge that Landlord is presently holding a security deposit in the amount of $292,458.84, and that such security deposit is being held by Landlord in accordance with Article 32 of the Original Lease. Such security deposit Security Deposit under the Lease is hereby increased from $30,877.78 to $73,547.98. Contemporaneously with Tenant’s execution and delivery of this Amendment to Landlord, Tenant shall deliver to Landlord an amount equal to the sum difference between the Security Deposit currently on hand with Landlord and such increased amount of $332,264.67 and accordingly Tenant is hereby simultaneously delivering to Landlord the sum of $39,805.83 so as to accordingly increase the securitySecurity Deposit.

Increase in security deposit. The parties acknowledge that Landlord is presently holding a security deposit in Effective as of the date hereof, the amount of the Security Deposit required to be provided by Tenant under the Lease shall be increased by $292,458.84264,264.88, and that to be equal to $364,937.68. Tenant shall deliver the amount of such security deposit is being held by increase to Landlord in accordance the form of a cash deposit or an unconditional, clean, irrevocable letter of credit (“L‑C”) concurrently with Article 32 Tenant’s execution of the Original Leasethis First Amendment. Such security deposit is hereby increased The terms set forth in Exhibit C shall apply to the sum Letter of $332,264.67 and accordingly Tenant is hereby simultaneously delivering to Landlord the sum of $39,805.83 so as to accordingly increase the securityCredit.