Securitydeposit Sample Clauses
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Securitydeposit. We may ask you to pay a reasonable amount upfront (a deposit) as security against paymentfor your gas or electricity (or both). We may do this to protect us against likely loss in the event that you break the terms of this agreement. We will not ask for a deposit if you choose to pay for your gas or electricity (or both) througah prepaymentmeterandit issafeandreasonablypossible for you to use a prepayment meter. We will only ask for a deposit if it is reasonable for us to do so in the circumstances. If we ask you for a deposit and you do not pay it, we may be entitledto:
i) refuse tosupply gas or electricity (or both) to youo; r
ii) be unable to move you to a fixed price supply contract; this will mean staying on our deemed contracrtates. In cases where we ask for a security deposit we will inform you in advance and supply you with alnl ecessary information.
Securitydeposit. The successful tenderer’s will have to furnish a security deposit up to 5% of the value of the contract for proper fulfillment of the contract, in the form indicated below:
i) For value of Contract order up to Rs.10/- Lakhs, Bankers Cheque or DDonly.
ii) For value of Contract order exceeding Rs.10/- Lakhs, Bankers Cheque/DD/Irrevocable Bank Guarantee. The Security Deposit amount shall include the EMD already paid by the successfultenderer.
Securitydeposit. Tenant shall pay to Landlord, concurrently with Tenant’s signing this Lease, a security deposit in the amount specified in Paragraph K of the Basic Lease Provisions. Said amount shall be held by Landlord as security for the faithful performance by Tenant of all of the terms, covenants and conditions of this Lease to be kept and performed by Tenant during the Term. If Tenant defaults with respect to any provision of this Lease, including, but not limited to, the provisions relating to the payment of rent, Landlord may (but shall not be required to) use, apply or retain all or any part of the security deposit for the payment of any rent or any other amount in default, or for the payment of any other amount which Landlord reasonably may spend or become obligated to spend by reason of Tenant’s default or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant’s default. If any portion of said deposit is so used or applied, Tenant shall, within ten (10) days after delivery of written demand therefor, deposit cash with Landlord in an amount sufficient to restore the security deposit to its original amount and Tenant’s failure to do so shall be a material breach of this Lease. Landlord shall not be required to keep the security deposit separate from its general funds, and Tenant shall not be entitled to interest on such deposit. If Tenant fully and faithfully performs every provision of this Lease to be performed by it, the security deposit or any balance thereof shall be returned to Tenant (or at Landlord’s option, to the last assignee of Tenant’s interests hereunder) at the expiration of the Term, provided that Landlord may retain the security deposit until such time as any amount due from Tenant under this Lease has been determined and paid in full, but in no event after any period for such return prescribed by applicable law.
Securitydeposit