Common use of Fees and Deposit Clause in Contracts

Fees and Deposit. 1.01 The Hiring Fee and any Deposit must be paid to the Parish Priest (on behalf of the Diocese) at the time of booking, such sums to be paid by BACS transfer (to the bank account notified by the Parish Priest or his nominated person) or by cheque. The deposit in this context is not a holding or booking fee but a sum of money held against any loss or damage as described below. 1.02 The Deposit may be used towards any necessary cleaning or the making good of any damage or any other loss (including fees and expenses) to the Diocese resulting directly or indirectly from this Hire Agreement. 1.03 The payment of a Deposit does not limit the liability of the Hirer and further monies which may be sought from the Hirer if costs, fees, and expenses exceed the amount of the Deposit. 1.04 The balance of any Deposit (if any) after it has been applied in accordance with this Hire Agreement will be returned to the Hirer.