DEPOSIT AND SECURITY Sample Clauses

DEPOSIT AND SECURITY. 9.1 The Supplier reserves the right at its option to require a deposit or guarantee or such other security from the Customer as may be acceptable to the Supplier for an amount to be determined by the Supplier (the “deposit”) prior to the provision of any Service including without limitation in the event:- 9.1.1 that the Customer is in material breach of this Agreement; and/or 9.1.2 that there is in the opinion of the Supplier a significant change in the financial circumstances of the Customer which the Supplier considers may have a material adverse effect on the Supplier; and/or 9.1.3 that there is a re-commencement of the Services by the Supplier following a suspension or termination of the Services in accordance with this Agreement. 9.2 Details of the deposit, where applicable, will be notified to the Customer separately by the Supplier. 9.3 Deposits are payable on request and do not bear interest. If a deposit is not paid when requested we may suspend the pr ovision of the Service until such time as the deposit is paid. 9.4 The Supplier shall be entitled to apply all or any of the amount of the deposit against: 9.4.1 any unpaid Charges (including those already invoice, those in respect of interim invoices and those in respect of future invoices to be rendered in respect of Charges that have been incurred but unbilled); or 9.4.2 any other liability incurred by the Customer to the Supplier whether under this Agreement or otherwise.

DEPOSIT AND SECURITY a. The Deposit is payable by the Customer to Auswest upon confirmation of a booking. b. The Deposit is non-refundable and will be applied in full toward the Hiring Fee. c. In the event the Customer does not proceed with this Hire Agreement the Deposit is forfeited to Auswest. d. Auswest may require the Customer to provide a copy of their credit card and drivers licence as security. Such personal information will be held securely and destroyed within 6 months of payment of all Costs in full.

DEPOSIT AND SECURITY. This section should outline the deposit required from the tenant, the conditions for its return and any requirements regarding a rent deposit deed. Equally, you should be clear on whether a personal or bank guarantee is needed for the deposit amount. Service Charges – The aim of this section is to describe any additional costs, and who is responsible for them. First, you will need to state any service charges – like maintenance and security – alongside the tenant’s contribution and how those charges are calculated. Insurance – In similar fashion, there needs to be clarity on what insurance is necessary for the property, and who is paying for it. Building insurance is a critical component, and the agreement should describe what will be covered by it and who pays – in this case, usually the landlord. Likewise, the writer of the agreement will need to state any further insurance required by the tenant for their usage of the property, for example, public liability insurance and business interruption insurance. Repairs, Maintenance, and Alterations – This section will need to outline the limitations and responsibility for the fabric of the building. The landlord and tenant obligations must be clearly stated, for example, returning the property in a certain condition and whether the tenant can alter the property. Use of the Property – This should state how the property is allowed to be used. This should follow the permitted use documents, and clarify any restrictions on certain uses (e.g. residential use). Rules about subletting should be clarified in this section. Compliance with Laws and Regulations – Outline the different areas that the landlord and tenant must comply with, for example: Health and safety, planning permissions, fires safety and waste disposal. Termination and Renewal – Include the grounds for termination as well as for contract renewal. It should also state whether the lease is protected under the Landlord and Tenant Act 1954, which grants security of tenure. Dispute Resolution – Simply put, this section should outline how any disagreements between the parties should be handled and who will cover the legal costs. Schedule of Condition – A schedule of condition (i.e. photos and reports on the property condition) should be attached to prevent disputes at lease expiry. Who can witness a commercial lease agreement in the UK? It’s all well and good getting your commercial property lease agreement in order, but you need someone to witness it once co...

DEPOSIT AND SECURITY. The Supplier reserves the right at its option to require a deposit or guarantee or such other security from the Customer as may be acceptable to the

DEPOSIT AND SECURITY. 3.1 The Hirer must, when specified by the Owner or at the latest upon delivery of the Equipment, pay the deposit or give the other security required as specified in the Equipment Hire Schedule. 3.2 The Owner will be under no obligation to deliver or release the Equipment into the possession of the Hirer, unless and until the deposit or other security required is given.

DEPOSIT AND SECURITY. In connection with the conclusion of the agreement, the telecommunications operator is entitled to require a reason- able deposit or security to guarantee the payments under the agreement, if there is a specific reason for it, such as foreseeable insolvency or other comparable circumstances. Such circumstances include a well-founded foreseeable risk of reluctance to pay, a payment default entry, a failed foreclosure attempt, and a situation where the customer has overdue payments to a telecommunications operator, or where the customer’s credit history cannot be adequate- ly established or where the customer fails to supply their address. The telecommunications operator may also demand a reasonable security during the term of the agreement, if a relevant authority has found the customer to be insolvent. The telecommunications operator will not pay any interest on the deposit or security provided. The telecommunica- tions operator is entitled to deduct its overdue receivables together with penalty interest and collection expenses from the security. The security will be returned, when there are no longer grounds for it. The security or the remaining part of the deposit will be returned within 10 business days from the end of the term of the agreement, provided that the customer has paid all of the charges based on the agreement and given their account number and other details required for returning the security. If the customer has not paid all of the charges or given all the necessary details by the time the term of the agreement ends, the security or the remaining part of the de- posit will be returned within 10 business days of the fulfilment of these requirements.

DEPOSIT AND SECURITY. In connection with the conclusion of the agreement, the telecommunications operator is entitled to require a reasonable deposit or security to guarantee the payments under the agreement, if there is a specific reason for it, such as foreseeable insolvency or other comparable circumstances. Such circumstances include a well-founded foreseeable risk of reluctance to pay, a payment default entry, a failed foreclosure attempt, and a situation where the customer has overdue payments to a telecommunications operator, or where the customer’s credit history cannot be adequately established or where the customer fails to supply their address. The telecommunications operator may also demand a reasonable security during the term of the agreement, if a relevant authority has found the customer to be insolvent. The telecommunications operator will not pay any interest on the deposit or security provided. The telecommunications operator is entitled to deduct its overdue receivables together with penalty interest and collection expenses from the security. The security will be returned, when there are no longer grounds for it. The security or the remaining part of the deposit will be returned within 10 business days from the end of the term of the agreement, provided that the customer has paid all of the charges based on the agreement and given their account number and other details required for returning the security. If the customer has not paid all of the charges or given all the necessary details by the time the term of the agreement ends, the security or the remaining part of the deposit will be returned within 10 business days of the fulfilment of these requirements.