Common use of Use of a security deposit Clause in Contracts

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 the agreement: (i) if you fail to pay a ▇▇▇▇ and as a result we arrange for the disconnection of the supply address; or (ii) in relation to a final ▇▇▇▇ (i.e. a ▇▇▇▇ we issue when you vacate the supply address or when you stop purchasing electricity from us at the supply address or when you request that the supply address be disconnected). (b) If we use your security deposit or any accrued interest to offset amounts owed to us, we will advise you within 10 business days.

Appears in 2 contracts

Sources: Terms and Conditions, Small Customer Terms & Conditions

Use of a security deposit. (a) We may use your security deposit, and subject to clause 13.2 any interest earned on the security deposit, to offset any amount you owe under the agreementthis contract as follows: (i) i. if you fail to pay a ▇▇▇▇ bill and as a result we arrange for the disconnection of the supply addressyour premises; or (ii) . in relation to a final ▇▇▇▇ bill (i.e. a ▇▇▇▇ bill we issue when you vacate the supply address premises or when you stop purchasing electricity from us at the supply address your premises or when you request that the supply address your premises be disconnected). (b) If we use your security deposit or any accrued interest to offset amounts owed to us, we will advise you within 10 business days.

Appears in 2 contracts

Sources: Standard Retail Contract, Standard Retail Contract

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 the this agreement: : (i) if you fail to pay a ▇▇▇▇ bill and as a result we arrange for the disconnection of the supply addressyour premises; or or (ii) in relation to a final ▇▇▇▇ bill (i.e. a ▇▇▇▇ bill we issue when you vacate the supply address premises or when you stop purchasing electricity energy ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇ 5 from us at the supply address your premises or when you request that the supply address your premises be disconnected). (b) If we use your security deposit or any accrued interest to offset amounts owed to us, we will advise you within 10 business days.

Appears in 1 contract

Sources: Utility Supply Agreement