Common use of Performance Security Deposit Clause in Contracts

Performance Security Deposit. 4.1 Party B shall pay the performance security of RMB 30,8008 (¥: RMB 38,000) to Party A within 5 working days from the date of signing of this Contract. If Party B breaches the contract during the performance of this Contract, Party A shall have the right to directly deduct the compensation and related expenses from the performance deposit. If the deposit is insufficient to deduct, Party A shall have the right to recover from Party B. 4.2 After Party A deducthe performance bond to Party A, and the performance bond paid by Party B to Party A is insufficient for the amount of the performance bond agreed in the contract, Party B shall make up the amount within 3 days after receiving the notice from Party A. Otherwise, Party B shall be deemed to breach the contract and Party A shall have the right to hold Party B liable for breach of contract according to party Bs overdue payment of rent. 4.3 at the termination of this contract (including early termination), if party b pay all the rent, and settle the property management fees and the lease of all expenses, and return the lease to party a according to this contract and there is no other default, party a after the termination of this contract, and the handover formalities within 20 working days, the performance deposit without interest. In case of breach of contract, Party A shall refund the balance of the performance bond without interest after Party B assumes the full liability for breach of contract. 4.4 If the contract is terminated in advance or within 3 days after the expiration of this Contract, Party B shall go to the commercial registration authority for the cancellation of the registration of the business site of the leased property, otherwise Party A has the right not to return the performance deposit.

Performance Security Deposit. 4.1 Party B shall pay the performance security bond of RMB 30,8008 (¥: RMB 38,000) to Party A within 5 15 working days from the date of signing of this ContractContract RMB Thirty-eight thousand yuan only (¥: RMB 38,000 yuan). If Party B breaches the contract during the performance of this Contract, Party A shall have the right to directly deduct the compensation and related expenses from the performance depositbond. If the deposit is insufficient to deductinsufficient, Party A shall have Have the right to recover from Party B. 4.2 After Party A deducthe performance bond to Party A, and if the performance bond paid by Party B to Party A is insufficient for the amount of the performance bond agreed in the contractherein, Party B shall make up the amount within 3 days after receiving the notice from Party A. OtherwiseA, Party B otherwise, it shall be deemed to breach as If Party B breaches the contract and contract, Party A shall have has the right to hold Party B liable for breach of contract according to party Bs B’s overdue payment of rent. 4.3 at the termination of this contract (including early termination), if party b pay all the rent, and settle the property management fees and the lease of all expenses, and return the lease to party a according to this contract and there is no other default, party a after the termination of this contract, and the handover formalities within 20 working days, the performance deposit without interest. In case of breach of contractbreach, Party A shall refund the balance of repay the performance bond without interest after Party B assumes the full liability for breach of contract. 4.4 If the contract is terminated in advance In case of early termination or within 3 days after the expiration of this Contract, Party B shall go to through the lease at the commercial registration authority for the The business place cancellation of the registration of the business site of the leased propertyprocedures, otherwise Party A has the right not to return the performance deposit.