Deposit Provision Clause Samples

Deposit Provision. The Company may require a Security Deposit of any customer, residential or non-residential, in addition to the requirement of payment for prior indebtedness, as set forth in Section II, 2. Supplying Service, in compliance with the provisions of Section 4933.17 of the Ohio Revised Code, and as to residential accounts only, the rules set forth in Chapter 4901:1-17 of the O.A.C., as amended. The Security Deposit may be requested prior to the rendering of utility service or at a later time. For small commercial customers the Company shall comply with the provisions of the disconnection rules set forth in Rule 4901:1-13-08 of the Ohio Administrative Code as amended. The Company may require a residential customer to satisfactorily secure an account in accordance with the provisions and procedures of Ohio Revised Code Section 4933.17 and Ohio Administrative Code Section 4901:1-17. If the Company determines that a residential customer must demonstrate financial responsibility, the Company will fully inform each customer of all available options for establishing financial responsibility pursuant to Ohio Revised Code Section 4933.17 and Ohio Administrative Code Section 4901:1-17. Copies of the statue and rule shall be made available for inspection upon the request of any customer or applicant for service and are available at ▇▇▇▇▇://▇▇▇▇▇.▇▇▇▇.▇▇▇/ohio-revised-code/section- 4933.17 and at ▇▇▇▇▇://▇▇▇▇▇.▇▇▇▇.▇▇▇/ohio administrative-code/chapter-4901:1 Filed pursuant to an Order dated November 1, 2023 in Case No. 22-507-GA-AIR before the Public Utilities Commission of Ohio. P.U.C.O. Gas No. 18 Sheet No. 26.3 Duke Energy Ohio Cancels and Supersedes ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇. 26.2 Cincinnati, Ohio 45202 Page 1 of 1
Deposit Provision. At all times, Borrower and Guarantors combined must maintain a minimum deposit balance of not less than $500,000.00 with ▇▇▇▇▇▇ ▇▇▇▇▇ Bank. If said deposit relationship is out of compliance, the interest rate margin or the minimum interest rate will increase by 1.00% whichever is greater.
Deposit Provision. 5.1 The Lessee should pay the deposit in full to the Lessor on the execution date of this agreement. 5.2 Upon the expiration or termination of the lease, the Lessor should refund the deposit to the Lessee after deducting all fees in accordance with this agreement and its exhibits. 5.3 The Lessee should not take the deposit as the rent unilaterally. 5.4 Since the Lessor will provide the drivers, the Lessee is not required to pay the deposit.
Deposit Provision