Refundable Retainer Sample Clauses
A Refundable Retainer clause establishes that an upfront payment made by a client to secure a service provider’s availability is subject to return under certain conditions. Typically, this clause outlines the circumstances under which the retainer will be refunded, such as if the services are not rendered or if the agreement is terminated before work begins. Its core practical function is to protect the client’s funds while ensuring the service provider’s commitment, balancing both parties’ interests and reducing financial risk if the engagement does not proceed as planned.
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Refundable Retainer a. Client will deposit with Center $2,100.00, in good or certified funds, as a non-interest bearing refundable retainer. Center may use the refundable retainer to cure any default of Client under this Agreement, to restore the Premises, including any and all furniture, fixtures and equipment, provided by Center to its original condition and configuration, reasonable wear and tear excepted, to pay for repairs to any damage to the Premises, Facility and/or Building, caused by Client or Client's guests, or to pay any Monthly Office Charge or other charges that Client owes Center at or prior to the expiration of the Term of this Agreement.
b. The refundable retainer (less any sums used by Center in accordance with the terms and conditions of this Agreement) will be returned within sixty (60) days after the termination of any services rendered or expiration of the Term. Client may not direct or request that the refundable retainer be applied in lieu of the final payment(s) of Monthly Office Charge or service charges under this Agreement.
c. In the event that Center applies any of the refundable retainer deposited pursuant to this Agreement, Center will have the right to charge the Client, and Client will pay, in addition to any Monthly Office Charge, such sums as are necessary to cause the refundable retainer to be returned to its entire original amount.
Refundable Retainer. A. Client will deposit with center, $3625.00 representing one month's rent; however if any payment due hereunder shall be late more than 10 days, then the balance of the security deposit shall be due and payment immediately, which is $3625.00 representing a second month security, in good or certified funds, as a non-interest, bearing refundable retainer, however if client is late in invoice payment one time an additional month security will be required. Center may use the refundable retainer to cure any default of Client under this Agreement, to restore the Premises, including any and all furniture, fixtures and equipment, provided by Center to its original condition and configuration, reasonable wear and tear expected, to pay for repairs to any damage to the Premises, Facility and/or Building, caused by Client or Client's guests, or to pay any Monthly Office Charge or other charges that Client owes Center at or prior to the expiration of the Term of this Agreement.
Refundable Retainer. If within 30 banking days the Facilitator is not able to place the loan and allocate a bank or a financial institution ready to provide the required confirmation of the Loan Agreement, the “Retainer for Services” will be refunded in full. It is agreed that the transaction is cancelled without further recourse claims by either one of the parties. 11 VALIDATING THE LOAN AGREEMENT (Euro 20,000 or 0,2% of the loan amount, whatever is higher)
11.01 Responsibility of the Facilitator: Within 30 banking days, the Facilitator will have to confirm to the borrower, to have allocated a lending institution and provide an Invoice for Validation Fees to effect final underwriting of the loan and to commit a bank or financial institution to provide the agreed confirmation of the Loan Agreement via SWIFT as to the Borrower’s instructions within 10 banking days of the receipt of such instructions from the Borrower.
Refundable Retainer a. Client will deposit with Center $1,800.00 (already on file), in good or certified funds, as a non-interest bearing refundable retainer. Center may use the refundable retainer to cure any default of Client under this Agreement, to restore the Premises, including any and all furniture, fixtures and equipment, provided by Center to its original condition and configuration, reasonable wear and tear excepted, to pay for repairs to any damage to the Premises, Facility and/or Building, caused by Client or Client's guests, or to pay any Monthly Office Charge or other charges that Client owes Center at or prior to the expiration of the Term of this Agreement.