Common use of Service Retainer Clause in Contracts

Service Retainer. The Service Retainer will be held as a retainer for performance of all your obligations under this Agreement, including the Membership Fee Obligations, and is not intended to be a reserve from which fees may be paid. In the event you owe us other fees, you may not rely on deducting them from the Service Retainer, but must pay them separately. We will return the Service Retainer, or any balance after deducting outstanding fees and other costs due to us, including any unsatisfied Membership Fee Obligations, to you by bank transfer or other method that we communicate to you within thirty (30) days (or earlier if required by applicable law) after the later of (i) the termination or expiration of this Agreement and (ii) the date on which you provide to us all account information necessary for us to make such payment. Return of the Service Retainer is also subject to your complete performance of all your obligations under this Agreement, including full satisfaction of your Membership Fee Obligations and any additional obligations applicable following termination or expiration of this Agreement.

Appears in 7 contracts

Samples: Membership Agreement (NeuroBo Pharmaceuticals, Inc.), Membership Agreement (Jet Token Inc.), Membership Agreement (Jet Token Inc.)

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Service Retainer. The Service Retainer will be held as a retainer for performance of all your obligations under this Agreement, including the Membership Monthly Fee Obligations, and is not intended to be a reserve from which fees may be paid. In the event you owe us other fees, you may not rely on deducting them from the Service Retainer, but must pay them separately. We will return the Service Retainer, or any balance ​ ​ ​ ​ after deducting outstanding fees and other costs due to us, including any unsatisfied Membership Monthly Fee Obligations, to you by bank transfer or other method that we communicate to you within thirty (30) days (or earlier if required by applicable law) after the later of (i) the termination or expiration of this Agreement and (ii) the date on which you provide to us all account information necessary for us to make such payment. Return of the Service Retainer is also subject to your complete performance of all your obligations under this Agreement, including full satisfaction of your Membership Monthly Fee Obligations and any additional obligations applicable following termination or expiration of this Agreement.. ​

Appears in 1 contract

Samples: Wework Membership Agreement (Axsome Therapeutics, Inc.)

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