AgdaPkt 2005-09-12 - Laserfiche WebLink

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.s:~J-? transaction or any document to which Tenant is a party creating or transferring an interest or an estate in the Premises. 2.5 First Month's Rent/Security Deposit. Tenant shall deposit with Landlord the amount of the first month's rent of Two Thousand Eighty Six and 90/100 Dollars ($2,086.90) for a total of and TwoThousand Two Hundred Ninety and 50/100 Dollars ($2,290.50) in cash as a Security Deposit upon Tenant's execution and submission of this Lease. The Security Deposit shall serve as security for the prompt, full, and faithful performance by Tenant of the terms and provisions of this Lease. In the event that Tenant is in Default hereunder and fails to cure within any applicable time permitted under this Lease, or in the event that Tenant owes any amounts to Landlord upon the expiration of this Lease, Landlord may use or apply the whole or any part of the Security Deposit for the payment of Tenant's obligations hereunder. The use or application of the Security Deposit or any portion thereof shall not prevent Landlord from exercising any other right or remedy provided hereunder or under any Laws and shall not be construed as liquidated damages. In the event the Security Deposit is reduced by such use or application, Tenant shall deposit with Landlord, within twenty (20) days after Tenant's receipt of written notice, an amount sufficient to restore the full amount of the Security Deposit. Landlord shall not be required to keep the Security Deposit separate from Landlord's general fund or pay interest on the Security Deposit. Any remaining portion of the Security Deposit shall be returned to Tenant within thirty (30) days after Tenant has vacated the Premises in accordance with Article 3.7. If the Premises shall be expanded at any time, or if the Term shall be extended at any increased rate of Rent the Security Deposit shall thereupon be proportionately increased.