596 The Deposit Clause Examples for Any Agreement
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The Deposit. The Tenant shall pay to Choose an item £0.00 (zero pounds) in cleared funds not less than 72 hours prior to the commencement of this Tenancy as a Deposit*. The Deposit to be held by the Choose an item as Stakeholder. At the end of the Tenancy the Landlord’s Agent shall return the Deposit to the Tenant subject to the rules set out in this Agreement.
The Deposit. The following clauses set out:
The Deposit. 5.1 If a deposit is taken it will be held and returned under the terms of one of the Tenancy Deposit Schemes detailed below: Tenancy Deposit Solutions Limited (TDSL) trading as my|deposits This is an insurance based scheme. The Landlord shall hold the deposit within the terms of the scheme. Any interest earned on the Deposit shall be retained by the Landlord and used to cover administration costs. This is known as the Custodial scheme. The scheme shall hold the deposit within the terms of the scheme. The Landlord shall retain any interest earned on monies properly deducted from the Deposit as specified in Clause 5.3 of this Agreement. This is an insurance based scheme. The Landlord shall hold the deposit within the terms of the scheme. Any interest earned on the Deposit shall be retained by the Landlord and used to cover administration costs.
5.2 The Deposit shall be returned to the Tenant (less any deductions properly made) within 5 working days of the end of the Tenancy, upon vacant possession of the Property and return of the keys, if the Tenant has kept to all the agreements and conditions within this Agreement.
5.3 Monies shall properly be deducted from the Deposit in respect of all reasonable costs and expenses incurred by the Landlord (including but not limited to the costs and fees of the Landlord’s solicitors and other professional advisors) in respect of:
5.3.1 The recovery from the Tenant of any Rent or any other money which is in arrears.
5.3.2 The enforcement of any of the provisions of this Agreement.
5.3.3 Compensation in respect of the Tenant’s use and occupation in the event that the Tenant fails to vacate the Property on the due date.
5.3.4 The service of any notice relating to the breach by the Tenant of any of the Tenant’s obligations under this Agreement whether or not the same shall result in court proceedings.
5.3.5 The cost of any Bank or other charges incurred by the Landlord if any cheque written by the Tenant is dishonoured or if any standing order payment is withdrawn by the Tenant’s bankers.
5.3.6 The cost of repairing, decorating or cleaning the Property or the Contents so they are to the same standard as at the commencement of the Tenancy (reasonable wear and tear excepted).
5.3.7 Any other monies owed by the Tenant to the Landlord.
5.3.8 Compensation for the breach of any terms of this agreement.
5.4 If the Deposit shall be insufficient the Tenant shall pay to the Landlord such additional sums as shall be required to cover a...
The Deposit. The Tenant, having entered into a No Deposit Option Agreement with the Landlord’s Agent, will additionally promptly pay to the Landlord’s Agent the Residency Membership Fee Monthly (or as otherwise be agreed) and a failure to do so shall be a breach of this Agreement entitling the Landlord to serve Notice and thereafter to seek possession of the Property.
The Deposit. The amount of the deposit paid is £
The Deposit. The Deposit is £ 0.00 [
The Deposit. 1. The Accommodated Person agrees to pay a deposit of € 100 before accommodation by an electronic transfer of funds to the bank account of the Landlord and under the variable symbol, which are listed in Article I of this Contract. Within the meaning hereof, the date of payment shall mean the day on which the money is credited to the bank account of the Landlord.
2. The deposit shall serve as financial guarantee for the settlement of contractual obligations under Articles V and VI hereof, as well as compensation for damage (both intentional and negligent damage) caused to the accommodation facility during accommodation (hereinafter referred to as the “commitments”).
3. For the purposes hereof, damage shall mean any damage to property incurred by the Landlord by damage to, depreciation, misuse or theft of accommodation furnishings in the accommodation unit by the Accommodated Person.
4. In the event that the Accommodated Person fails to pay the deposit under Paragraph 1 of this Article, such a breach hereof shall be considered a substantial breach hereof with the entitlement to withdraw from the Contract by the Landlord with immediate effect. .
5. Legal effects of withdrawal from the Contract shall arise as of the moment of delivery of the written withdrawal notice to the Accommodated Person (ex nunc).
6. The Landlord is entitled to use the money from the deposit during accommodation for the settlement of outstanding commitments.
7. At the Landlord’s written request, the Accommodated Person is obliged to pay the sum of the deposit to its full amount, to the bank account and in the manner pursuant to Paragraph 1 of this Article, within 5 days from delivery of the request to the Accommodated Person.
8. On termination of accommodation, after the accommodation unit is properly handed over and all contractual commitments within the meaning of Articles V and VI hereof as well as any damage caused to the accommodation furnishing are paid, the deposit or the balance thereof shall be remitted bank transfer to the bank account from which the deposit was paid within 30 business days from the official handover of the accommodation unit at the latest. The deposit or the balance thereof shall be reduced of any fees relating to its remitting to the Accommodated Person’s bank account in terms hereof.
9. Service of documents stated in this Article shall be subject to the terms and conditions defined in Article 3 of the Accommodation Regulations, as amended.
The Deposit. 5.1 If a deposit is taken it will be held and returned under the terms of one of the Tenancy Deposit Schemes detailed below: This is an insurance based scheme. The Landlord shall hold the deposit within the terms of the scheme. Any interest earned on the Deposit shall be retained by the Landlord and used to cover administration costs. This is known as the Custodial scheme. The scheme shall hold the deposit within the terms of the scheme. The Landlord shall retain any interest earned on monies properly deducted from the Deposit as specified in Clause 5.3 of this Agreement. This is an insurance based scheme. The Landlord shall hold the deposit within the terms of the scheme. Any interest earned on the Deposit shall be retained by the Landlord and used to cover administration costs.
5.2 The Deposit shall be returned to the Tenant (less any deductions properly made) within 5 working days of the end of the Tenancy, upon vacant possession of the Property and return of the keys, if the Tenant has kept to all the agreements and conditions within this Agreement.
5.3 Monies shall properly be deducted from the Deposit in respect of all reasonable costs and expenses incurred by the Landlord (including but not limited to the costs and fees of the Landlord’s solicitors and other professional advisors) in respect of:
5.3.1 The recovery from the Tenant of any Rent or any other money which is in arrears.
5.3.2 The enforcement of any of the provisions of this Agreement.
5.3.3 Compensation in respect of the Tenant’s use and occupation in the event that the Tenant fails to vacate the Property on the due date.
5.3.4 The service of any notice relating to the breach by the Tenant of any of the Tenant’s obligations under this Agreement whether or not the same shall result in court proceedings.
5.3.5 The cost of any Bank or other charges incurred by the Landlord if any cheque written by the Tenant is dishonoured or if any standing order payment is withdrawn by the Tenant’s bankers.
5.3.6 The cost of repairing, decorating or cleaning the Property or the Contents so they are to the same standard as at the commencement of the Tenancy (reasonable wear and tear excepted).
5.3.7 Any other monies owed by the Tenant to the Landlord.
5.3.8 Compensation for the breach of any terms of this agreement.
5.4 If the Deposit shall be insufficient the Tenant shall pay to the Landlord such additional sums as shall be required to cover all costs, charges and expenses properly due.
The Deposit. If a Substitution of the proposed Substitute Mortgaged Property is to occur subsequent to the release of the Release Mortgaged Property pursuant to Section 3.06(c)(ii), at the Closing Date of the release of the Release Mortgaged Property, Borrower shall deposit with Lender the “Substitution Deposit” described in Section 3.07(b) in the form of cash in a non-interest bearing account held by Lender or, in lieu of depositing cash for the Substitution Deposit, Borrower may post a Letter of Credit issued by a financial institution acceptable to Lender and having terms and conditions acceptable to Lender, having a face amount equal to the Substitution Deposit.
The Deposit. 1.1 Time deposits may be made by the Agent on behalf of its Customers (the “Deposits”) to the Third Party Deposit Provider on any day on which banks are open for business in the city of London, in the jurisdiction of the Third Party Deposit Provider and in the financial centre of the currency of the relevant Deposit (a “Business Day”). For each time deposit placed with the Third Party Deposit Provider, there shall be one or more documents (electronic or otherwise) which confirm the specific terms of a Deposit (which shall contain no less detail than the form of confirmation set out in Schedule 1 or such other form as the parties may agree from time to time) (the “Confirmation”) to be placed by the Agent (in the name and on behalf of the relevant Customer). The decision to accept any Deposit shall be at the sole discretion of the Third Party Deposit Provider.
1.2 The term of each Deposit will be as specified in the relevant Confirmation. Such Confirmation will be sent to the Agent on the Business Day on which the trade is agreed
1.3 The Third Party Deposit Provider hereby agrees that it shall credit any Deposit received from the Agent (on behalf of the relevant Customer) in accordance with the terms and conditions set out in the relevant Confirmation for that Customer.
1.4 The Third Party Deposit Provider hereby agrees and acknowledges that the Agent (acting in the name and on behalf of the relevant Customer) will have the exclusive capacity to provide instructions regarding each Deposit on behalf of each Customer. The Agent agrees and confirms that the Third Party Deposit Provider may, and the Third Party Deposit Provider agrees and confirms that it will, unless otherwise notified by the Agent or the Customer (in the event that the appointment of the Agent has been terminated), act in accordance with instructions given by the Agent on behalf of the Customer in the administration and operation of the Deposit under this Agreement, such instructions to be given by personnel of the Agent notified to the Third Party Deposit Provider by the Agent in writing from time to time as being authorised so to act. Further, the Agent acknowledges that the Customer has acknowledged and agreed that it shall hold the Third Party Deposit Provider harmless from any and all actions, proceedings, claims, liabilities, losses or damages incurred by the Customer or any third party for acting upon the Agent’s instructions and shall not be entitled to proceed directly or indirectly a...