Common use of Security/Damage Deposit Clause in Contracts

Security/Damage Deposit. Lessee shall pay to Museum a non-refundable Security/Damage Deposit ("Deposit") of $400, to be credited towards the payment of any insurance deductible, damage and/or administrative expense incurred by Museum for damages resulting from the use of the Facilities by ▇▇▇▇▇▇. If the Event occurs and no damages are incurred, or a portion of the Deposit remains after payment of any damages, the remaining Deposit shall be returned to Lessee within five (5) days of the Event. If damages incurred are in excess of the Deposit paid, ▇▇▇▇▇▇ agrees to make payment in full of the total damage amount, less the Deposit, within five (5) days of the Event.

Security/Damage Deposit. Lessee shall pay to Museum a non-refundable Security/Damage Deposit ("“Deposit"”) of $400, to be credited towards the payment of any insurance deductible, damage and/or administrative expense incurred by Museum for damages resulting from the use of the Facilities by ▇▇▇▇▇▇Lessee. If the Event occurs and no damages are incurred, or a portion of the Deposit remains after payment of any damages, the remaining Deposit shall be returned to Lessee within five (5) days of the Event. If damages incurred are in excess of the Deposit paid, ▇▇▇▇▇▇ Lessee agrees to make payment in full of the total damage amount, less the Deposit, within five (5) days of the Event.. *Please make check payable to ▇▇▇▇▇ Art Museum

Security/Damage Deposit. Lessee shall pay to Museum a non-refundable Security/Damage Deposit ("Deposit") of $400, to be credited towards the payment of any insurance deductible, damage and/or administrative expense incurred by Museum for damages resulting from the use of the Facilities by ▇▇▇▇▇▇Lessee. If the Event occurs and no damages are incurred, or a portion of the Deposit remains after payment of any damages, the remaining Deposit shall be returned to Lessee within five (5) days of the Event. If damages incurred are in excess of the Deposit paid, ▇▇▇▇▇▇ Lessee agrees to make payment in full of the total damage amount, less the Deposit, within five (5) days of the Event.