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.‌
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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).
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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 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.
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Related to Use of a security deposit

  • SECURITY DEPOSIT Tenant hereby deposits with Landlord the sum of $9,955.00 (hereinafter referred to as “Collateral”), as security for the prompt, full and faithful performance by Tenant of each and every provision of this Lease and of all obligations of Tenant hereunder. No interest shall be paid to Tenant on the Collateral, and Landlord shall have the right to commingle the Collateral with Landlord’s other funds. If Tenant fails to perform any of its obligations hereunder, Landlord may use, apply or retain the whole or any part of the Collateral for the payment of (a) any rent or other sums of money which Tenant may not have paid when due, (b) any sum expended by Landlord on Tenant’s behalf in accordance with the provisions of this Lease, and/or (c) any sum which Landlord may expend or be required to expend by reason of Tenant’s default, including, without limitation, any damage or deficiency in or from the reletting of the Premises as provided in Paragraph 21. The use, application or retention of the Collateral, or any portion thereof, by Landlord shall not prevent Landlord from exercising any other right or remedy provided by this Lease or by law (it being intended that Landlord shall not first be required to proceed against the Collateral) and shall not operate as a limitation on any recovery to which Landlord may otherwise be entitled. If any portion of the Collateral is used, applied or retained by Landlord for the purposes set forth above, Txxxxx agrees, within ten days after the written demand therefor is made by Landlord, to deposit cash with the Landlord in an amount sufficient to restore the Collateral to its original amount. If Tenant shall fully and faithfully comply with all of the provisions of this Lease, the Collateral, or any balance thereof, shall be returned to Tenant without interest after the expiration of the Term or upon any later date after which Txxxxx has vacated the Premises. In the absence of evidence satisfactory to Landlord of any permitted assignment of the right to receive the Collateral, or of the remaining balance thereof, Landlord may return the same to the original Tenant, regardless of one or more assignments of Tenant’s interest in this Lease or the Collateral. In such event, upon the return of the Collateral, or the remaining balance thereof to the original Tenant, Landlord shall be completely relieved of liability under this Paragraph 24 or otherwise with respect to the Collateral. Tenant acknowledges that Lxxxxxxx has the right to transfer or mortgage its interest in the Land and the Building and in this Lease and Txxxxx agrees that in the event of any such transfer or mortgage, Landlord shall have the right to transfer or assign the Collateral to the transferee or mortgagee. Upon written acknowledgement of transferee’s or mortgagee’s receipt of such Collateral, Landlord shall thereby be released by Tenant from all liability or obligation for the return of such Collateral and Tenant shall look solely to such transferee or mortgagee for the return of the Collateral. The Collateral shall not be mortgaged, assigned or encumbered in any manner whatsoever by Tenant without the prior written consent of Landlord.

  • Interest on security deposits Where you have paid a security deposit, we must pay you interest on the security deposit at a rate and on terms required by the Rules.

  • 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.”

  • Return of Security Deposit (a) We must return your security deposit and any accrued interest in the following circumstances:

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