Upon the signing of this agreement the Lessee agrees to deposit with the Lessor the sum equivalent to the amount rental as set out in Part 6 of Schedule 1 (hereinafter referred to as the "Security Deposit"). The Security Deposit shall be held by the Lessor throughout the Lease Term as security for any damage and/or loss caused by the breach or non-performance or non-observance of any of the covenants on the part of the Lessee herein contained which may be suffered by the Lessor or in payment of any debt that may exist of whatever nature between the Lessor and the Lessee.