Cash Deposit. In lieu of obtaining a performance bond, Licensee shall have the right to instead deposit a cash deposit with Licensor securing Licensee’s obligations under this Agreement.
Appears in 4 contracts
Samples: Municipal Facility License Agreement, West Hollywood Municipal Facility License Agreement, Non Exclusive License Agreement
Cash Deposit. In lieu of obtaining a performance bond, Licensee shall have the right to instead deposit a cash deposit with Licensor securing Licensee’s obligations under this Agreement. However, as a condition of depositing cash, Licensee shall execute Licensor’s standard “Agreement for Cash Deposit with City in Lieu of Bond.”
Appears in 1 contract
Samples: Municipal Facility License Agreement
