Refundable Fee Sample Clauses
A Refundable Fee clause establishes that a payment made by one party can be returned under certain conditions. Typically, this clause outlines the circumstances under which the fee will be refunded, such as if a contract is canceled within a specified period or if certain obligations are not met. Its core practical function is to provide financial reassurance to the paying party, reducing risk and encouraging commitment by ensuring that funds are not permanently lost if the agreement does not proceed as planned.
Refundable Fee. If the Landlord will refund the imposed pet fee upon the successful completion of the concerned lease and a lack of any pet-related damages or wear and tear to the property, then select the second status option. This option should only be selected if the Landlord considers the pet fee a sort of (refundable) security payment for the pet. Addendum Execution (14) Tenant’s Signature. Every Tenant who shall sign the lease that will adopt this addendum must sign his or her full name to the completed document.
Refundable Fee. The fee charged for the slip wait list shall be fully refundable if the applicant does not complete the slip transaction.
Refundable Fee. The fee charged for the dry boat storage wait list shall be fully refundable if the applicant does not complete the stall transaction.
Refundable Fee. The Applicant paid a fee to Company of Seven Thousand Three Hundred dollars ($7,300.00) for this project, One Thousand dollars ($1,000.00) of which is refundable if not used by Company as set forth in this section. Company may use this fee to process Applicant’s application. The parties agree this fee is not an impact fee. If the Works are not satisfactorily and timely completed, as determined solely by Company, the Company may use the fee to complete the Works as determined by the Company. The parties agree that use of the fee by the Company does not constitute liquidated damages. Within 30 days of receipt of an itemized ▇▇▇▇, the Applicant shall pay any and all reasonable costs that exceed the refundable fee that the Company incurs to complete the Works to its satisfaction.