Payment; Security Deposit Sample Clauses
The 'Payment; Security Deposit' clause outlines the tenant's obligation to pay rent and provide a security deposit to the landlord as part of a lease agreement. Typically, this clause specifies the amount of rent due, the timing and method of payment, and the required security deposit amount, which is held by the landlord as protection against damages or unpaid rent. By clearly defining these financial responsibilities, the clause ensures both parties understand their obligations and provides the landlord with a safeguard against potential losses.
Payment; Security Deposit. Any obligation: (a) to pay Tenant any sum(s) that any Former Landlord owed to Tenant or (b) with respect to any security deposited with Former Landlord, unless such security was actually delivered to Lender or to Successor Landlord.
Payment; Security Deposit. Any obligation (a) to pay Tenant any sum(s) that any Former Landlord owed to Tenant, or (b) with respect to any security deposited with Former Landlord, unless such security was actually delivered to Mortgagee. This Section is not intended to apply to Landlord’s obligation to make any payment that constitutes a Construction-Related Obligation.
Payment; Security Deposit. Payment Security Deposit
11.1 As provisioned in the Article-2.1.1 of this Agreement, the Distribution Franchisee shall submit and maintain valid for the term of this Agreement, a security deposit to the satisfaction of DISCOM in the form of an irrevocable and unconditional Letter of Credit from any nationalized bank or Scheduled Bank for an amount equivalent to two months’ estimated amount payable to DISCOM by Distribution Franchisee based on two months average energy input at Input Points in the Franchise Area during Financial Year [Base Year] and Rates quoted by the Distribution Franchisee for first year of Franchisee term alongwith two months average collection of all other applicable charges in addition to Input charges as per Article 7 during the base year. Further, the Letter of Credit shall be provided by the bank which is appointed as Escrow Agent under the Default Escrow Agreement. The Security Deposit shall be governed in the manner described in this article.
11.2 The Letter of Credit shall be in the format prescribed by DISCOM initially valid for a period of one year from the Effective Date.
11.3 The Distribution Franchisee shall renew the Letter of Credit 01 (One) month before its expiry date and furnish the same to DISCOM, failing which DISCOM shall have the right to invoke the Letter of Credit.
11.4 Within one month of beginning of each financial year, the amount of the Letter of Credit shall be enhanced if required based on average monthly invoice in previous year considering input energy as per Annexure-3. The DF shall also procure the additional Letter of Credit within 15 days towards the requirement for increase in the tariff and the applicable Fuel Surcharge Adjustment (FSA) approved by OERC. However, under no circumstances shall the amount of Letter of credit be revised downwards.
11.5 DISCOM may recover the outstanding payment after payment due date by invoking the Letter of Credit.
11.6 Distribution Franchisee shall, within two weeks of invocation of the Letter of Credit by DISCOM, restore the same to the level prior to invocation.
11.7 DISCOM may review the amount of the Letter of Credit after one year of the contract depending on the payment record of the Distribution Franchisee.
Payment; Security Deposit. Payment is due in full once your reservation is approved. Times can be changed up to 30 Days before the event. Payment must be made in the form of check, money order, or credit card. Any credit transaction will be charged a convenience fee and any returned checks are subjected to a $25.00 fee or 1% of the check amount if the check is over $2500.00. Events may be required to obtain a Bond or property damage insurance. If the Park Board requires a bond, they will determine the amount for bond. Bonds do not exceed $5000.00 and need to be received in the office no less than 30 days prior to the rental. All checks should be made payable to the City of New Bedford.
Payment; Security Deposit. Any obligation: (i) to pay Tenant any sum(s) that any Former Landlord owed to Tenant unless such sums, if any, shall have been delivered to Mortgagee by way of an assumption of escrow accounts or otherwise excepting any obligation to fund any remaining portion of Landlord’s Contribution pursuant to Article 41 of the Lease; (ii) with respect to any security deposited with Former Landlord, unless such security was actually delivered to Mortgagee; or (iii) to reconstruct or repair improvements following a fire, casualty or condemnation.
Payment; Security Deposit a. Payment for the first night’s lodging plus tax is due at the time of reservation, payable by credit card.
b. Payment for the remaining balance in full and this signed agreement are due 45 days prior to the arrival date. Payment is accepted via credit card, check or money order.
c. Juniper Hill Inn will hold Guest’s credit card information on file as security deposit. Provided that real and personal property are in the same condition as when occupancy commenced and all terms of this agreement are met, Guest’s credit card will not be charged. Guest is liable for all replacements and repairs that are outside what is considered normal wear and tear and hereby authorizes Juniper Hill Inn to charge the Guest’s credit card to cover said costs. If cost of replacement or repairs exceeds the Guest’s credit limit, Guest agrees to pay the difference to Juniper Hill Inn. In the event of a dispute concerning a security deposit, arguments to be heard in the state of Maine.
d. For reservations made less than 45 days prior to check-in, payment for the entire amount plus tax is due at the time of reservation, payable by credit card.
e. Reservations made less than 45 days prior to check-in are not exempt from the cancellation policy. See section 3 below.
Payment; Security Deposit. The periodic payments shall be in the amount designated in the schedule of payments and shall commence on the indicated payment due date immediately following the Equipment Acceptance Date. Customer shall pay Secured Party payments on or before the due date, at the office of Secured Party or to such other person or place as Secured Party may designate in writing. Customer agrees to pay a pro rata payment (based on the monthly payments) for the period from the Acceptance Date, to the due date of the first payment. Said pro rata payment shall be in addition to the first payment and shall be made simultaneously with the first payment. Any security deposit shall remain as security for performance of all the terms and conditions of this Agreement. In the event any default shall be made in the performance of any of Customer's obligations under this Agreement, Secured Party shall have the right, but shall not be obligated, to apply the security deposit to the curing of such default. On the expiration or earlier termination or cancellation of this Agreement, or any extension or renewal hereof, provided Customer has paid all of the payments called for and fully performed all other provisions of this Agreement, Secured Party will return to Customer any then remaining balance of said security deposit, without interest. Said security deposit may be commingled with Secured Party's other funds.
Payment; Security Deposit. Any obligation: (a) to pay Tenant any sum(s) that any Former Landlord owed to Tenant or Exhibit D
Payment; Security Deposit. Any obligation: (i) to pay Tenant any sum(s) that any Former Landlord owed to Tenant unless such sums, if any, shall have been delivered to Mortgagee by way of an assumption of escrow accounts or otherwise; (ii) with respect to any security deposited with Former Landlord, unless such security was actually delivered to Mortgagee; (iii) to commence or complete any initial construction of improvements in the Leased Premises or any expansion or rehabilitation of existing improvements thereon; (iv) to reconstruct or repair improvements following a fire, casualty or condemnation; or (v) to perform day-to-day maintenance and repairs.
Payment; Security Deposit. Bound by any obligation to make any payment to Tenant (including reimbursement of any security deposited with Landlord, unless such security has actually been physically delivered to Senior Estate Holder); or