Common use of Security in the Form of Cash Clause in Contracts

Security in the Form of Cash. If an Event of Default shall occur or ---------------------------- if Tenant fails to surrender the Premises in the condition required by this Lease, Landlord shall have the right (but not the obligation), and without prejudice to any other remedy which Landlord may have on account thereof, to apply all or any portion of the Security Deposit to cure such default or to remedy the condition of the Premises. If Landlord so applies the Security Deposit or any portion thereof before the Expiration Date or earlier termination of this Lease, Tenant shall deposit with Landlord, upon demand, the amount necessary to restore the Security Deposit to its original amount. If Landlord shall sell or transfer its interest in the Building, Landlord shall have the right to transfer the Security Deposit to such purchaser or transferee, in which event Tenant shall look solely to the new landlord for the return of the Security Deposit, and Landlord, after having given notice of such transfer to Tenant, shall thereupon shall be released from all liability to Tenant for the return of the Security Deposit to the extent of all or any portion thereof so transferred. Although the Security Deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit shall be returned to Tenant at such time after the Expiration Date or earlier termination of this Lease that all of Tenant's obligations under this Lease have been fulfilled.

Security in the Form of Cash. If an Event of Default shall occur or ---------------------------- if Tenant fails to surrender the Premises in the condition required by this Lease, Landlord shall have the right (but not the obligation), and without prejudice to any other remedy which Landlord may have on account thereof, to apply all or any portion of the Security Deposit to cure such default or to remedy the condition of the Premises. If Landlord so applies the Security Deposit or any portion thereof before the Expiration Date or earlier termination of this Lease, Tenant shall deposit with Landlord, upon demand, the amount necessary to restore the Security Deposit to its original amount. If Landlord shall sell or transfer its interest in the Building, Landlord shall have the right to transfer the Full Security Deposit to such purchaser or transferee, in which event Tenant shall look solely to the new landlord for the return of the Security Deposit, and Landlord, after having given . Landlord shall provide written notice of such transfer to Tenant, shall and Landlord thereupon shall be released from all liability to Tenant for the return of the Security Deposit to the extent of all or any portion thereof so transferredDeposit. Although the Security Deposit shall be deemed the property of Landlord, any remaining balance of the Security Deposit shall be returned to Tenant at such time after the Expiration Date or earlier termination of this Lease that all of Tenant's obligations under this Lease have been fulfilled.. Landlord shall conduct a "Post Move-Out Inspection" of the Premises within thirty (30) days prior to Landlord's return of all or any portion of the Security Deposit. The Security Deposit shall not be mortgaged, assigned or encumbered in any manner whatsoever by Tenant. Landlord shall return $3,184.31 of the security deposit to tenant any time

Security in the Form of Cash. If an Event of Default shall occur or ---------------------------- if Tenant fails to surrender the Premises in the condition required by this Lease, Landlord shall have the right (but not the obligation), and without prejudice to any other remedy which Landlord may have on account thereof, to draw down, if a letter of credit, and any event to apply all or any portion of the Security Deposit to cure such default or to remedy the condition of the Premises. If Landlord so applies the Security Deposit or any portion thereof before the Expiration Date or earlier termination of this Lease, Tenant shall deposit with Landlord, upon demand, the amount necessary in cash to restore the Security Deposit to its original amountan amount equal to one (1) month's Basic Rent at the Basic Rent rate payable at the time of such restoration. If Landlord shall sell or transfer its interest in the Building, Landlord shall have the right to transfer the Security Deposit to such purchaser or transferee, in which event event, provided Landlord provides Tenant with reasonable written evidence that the Security Deposit has been delivered to the purchaser or transferee, Tenant shall look solely to the new landlord for the return of the Security Deposit, and Landlord, after having given notice of such transfer to Tenant, shall Landlord thereupon shall be released from all liability to Tenant for the return of the Security Deposit to the extent of all or any portion thereof so transferredDeposit. Although the Security Deposit is and shall be deemed the property of Landlord, any remaining balance of the Security Deposit shall be returned to Tenant at such time after the Expiration Date expiration or earlier termination of this Lease Lease, provided that all of Tenant's obligations under this Lease have been fulfilled. Landlord shall conduct a "Post Move-Out Inspection" of the Premises within thirty (30) days after the expiration or termination of this Lease and shall return all or the applicable portion of the Security Deposit within sixty (60) days after such Inspection, together with an explanation of any non-return, which itemizes any deductions from the Security Deposit. The Security Deposit shall not be mortgaged, pledged, assigned or encumbered in any manner whatsoever by Tenant.