Common use of Cancelled Clause in Contracts

Cancelled. Any amount deposited by the Lessee as a deposit shall be returned after the regular re-consignment of the premises and may never be appropriated on account of rent. The deposit may/may not be increased or decreased in proportion to changes in the rent and must be restored in the event of its use.

Appears in 2 contracts

Sources: Commercial Lease Contract (Gentium S.p.A.), Commercial Lease Contract (Gentium S.p.A.)