Use of a security deposit Sample Clauses

Use of a security deposit. (a) We may use your security deposit, and any interest earned on the security deposit, to offset any amount you owe under this contract:
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Use of a security deposit. We may use your security deposit to offset any amount you owe under this contract or, unless your distribution entity bills you directly, under your connection contract with your distribution entity:
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Use of a security deposit. We may use your security deposit, and any interest earned on the security deposit, to offset any amount you owe under this contract:‌ if you fail to pay a xxxx and as a result we arrange for the disconnection of your premises; or in relation to a final xxxx (i.e. a xxxx we issue when you vacate the premises or when you stop purchasing gas from us at your premises or when you request that your premises be disconnected). If we use your security deposit or any accrued interest to offset amounts owed to us, we will advise you within 10 business days.‌
Sample 1
Use of a security deposit. (a) We may use your security deposit, and any interest earned on the security deposit, to offset any amount you owe under this agreement: (i) if you fail to pay a bill and as a result we arrange for the disconnection of your premises; or (ii) in relation to a final bill (i.e. a bill we issue when you vacate the premises or when you stop purchasing energy xxx.xxxxxxxxxxx.xxx.xx 5 from us at your premises or when you request that your premises be disconnected).
Sample 1
Use of a security deposit. We may use your security deposit, and any interest earned on the security deposit, to offset any amount you owe under this contract: if you fail to pay a xxxx and as a result we arrange for the disconnection of the premises, once you no longer have a right of reconnection under clause 0; or in relation to a final xxxx (i.e. a xxxx we issue when you vacate the premises or when you stop purchasing electricity from us at the premises or when you request that the premises be disconnected). If we use your security deposit or any accrued interest to offset amounts owed to us, we will advise you and repay any balance of your security deposit within 10 business days. Return of security deposit We must return your security deposit and any accrued interest in the following circumstances: you complete 1 years’ payment (in the case of residential customers) or 2 years’ payment (in the case of business customers) by the pay-by dates on our initial bills; or subject to clause 0 of this contract, you stop purchasing electricity at the relevant premises under this contract. If you do not give us any reasonable instructions, we will credit the amount of the security deposit, together with any accrued interest, to your next xxxx.
Sample 1

Related to Use of a security deposit

  • Security Deposit Subject to Paragraph 50, concurrently with Tenant's execution of this Lease, Tenant shall deposit with Landlord the sum of EIGHTY TWO THOUSAND TWO HUNDRED TWENTY NINE AND 70/100 ($82,229.70) Dollars. Said sum shall be held by Landlord as a Security Deposit 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 hereof. If Tenant defaults with respect to any provision of this Lease, including, but not limited to, the provisions relating to the payment of rent and any of the monetary sums due herewith. Landlord may (but shall not be required to) use, apply or retain all or any part of this Security Deposit for thc payment of any other amount which Landlord may 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 written demand therefor, deposit cash with Landlord in the amount sufficient to restore the Security Deposit to its original amount. Tenant's failure to do so shall be a material breach of this Lease. Landlord shall not be required to keep this 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 interest hereunder) at the expiration of the Lease term and after Tenant has vacated the Premises. In the event of termination of Landlord's interest in this Lease. Landlord shall transfer said Deposit to Landlord's successor in interest whereupon Tenant agrees to release Landlord from liability for the return of such Deposit or the accounting therefor.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.”

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