Lease Deposit definition

Lease Deposit. As defined in Section 3.4.

Lease Deposit has the meaning set forth in Section 4.11(b) of Schedule 4.

Lease Deposit has the meaning as stated in Clause 7.4.

Examples of Lease Deposit in a sentence

• Each Borrower hereby irrevocably authorizes and instructs Lender to direct debit any of such Borrower’s operating accounts with Lender, including, without limitation, the Lease Deposit Account, for all principal, interest, fees and expenses due hereunder with respect to the Loan and the Liabilities or as otherwise is required to be deposited into the Sinking Fund Account.

• However, hydroelectric generation was lower than in 3Q14, explained in part by a delayed rainy season (July) in the Maule and the Biobío Basins; while in 2014 the rainy season in these basins started in June.

• Evidence reasonably acceptable to the Lender that the each Operating Company has acknowledged the obligations of the Borrowers under Section 8.9 hereof and that the Borrowers have notified such Operating Company that all amounts payable to any Borrower under any Real Estate Lease shall be paid directly to the Lease Deposit Account and that such Operating Company has agreed to comply with such arrangement.

• Evidence reasonably acceptable to the Lender that each Operating Company has acknowledged the obligations of the Borrowers under Section 8.9 hereof and that the Borrowers have notified such Operating Company that all amounts payable to any Borrower under any Real Estate Lease shall be paid directly to the applicable Lease Deposit Account and that such Operating Company has agreed to comply with such arrangement.

• The Borrowers shall at all times maintain all of their primary deposit and operating accounts (other than payroll, tax and trust accounts) with the Agent and the Borrowers shall cause all rent and other payments owed to any Borrower by any Operating Company under any Real Estate Lease to be paid by such Operating Company directly into a Lease Deposit Account.

More Definitions of Lease Deposit

Lease Deposit means the deposit of $1,500,000 deposited by the Seller with 000 Xxxxxxx Xxxxxx LLC, as landlord, under the terms of the Lease, dated as of December 24, 1996, between Paramount Group, Inc., as Agent for 000 0xx Xxxxxx Associates Limited Partnership, as landlord, and the Seller, as amended on December 10, 1998, January 15, 1999 and January 23, 1999.

Lease Deposit has the meaning given to such term in Section 6.12(a)(iv).

Lease Deposit means that certain cash deposit of $110,000 deposited by Parent with MIE Properties, Inc. under the Frederick Lease.

Lease Deposit means the “Deposit” as defined under the Lease Agreement currently held by the Lessor as of the date hereof and any additional amounts of the Deposit that would be due upon the signing of this Agreement.

Lease Deposit shall have the meaning set forth in Section 6.11 of this Agreement.

Lease Deposit. A deposit made by Tenant to Landlord in the amount of three (3) months initial Base Rent.

Lease Deposit means the security deposit under this Lease, which described in Section 3.8.