Common use of DEPOSIT RETURN Clause in Contracts

DEPOSIT RETURN. The deposit shall be held as security for the full and timely performance by Lessee of the terms and conditions of this agreement. The right of the Parks & Recreation Department against this agreement shall in no way be limited or restricted by the deposit. The key deposit shall be returned to Lessee provided that all terms and conditions contained in their lease agreement have been fully performed. The rental security deposit is non-refundable in case of cancellation.

DEPOSIT RETURN. The deposit shall be held as security for the full and timely performance by Lessee ▇▇▇▇▇▇ of the terms and conditions of this agreement. The right of the Parks & Recreation Department against this agreement shall in no way be limited or restricted by the deposit. The key deposit shall be returned to Lessee provided that all terms and conditions contained in their lease agreement have been fully performed. The rental security deposit is non-refundable in case of cancellation.