Utility Deposit definition

Utility Deposit means the adequate assurance deposits paid by the Debtors in compliance with the Interim Order (I) Approving the Debtors’ Proposed Adequate Assurance of Payment for Future Utility Services,
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Utility Deposit shall have the meaning set forth in Section 3(a). THIS CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE (this "Contract") is entered into as of the Effective Date (as hereinafter defined) by and between PCY HOLDINGS, LLC, a Colorado limited liability company ("Seller"), and MELODY HOMES, INC., a Delaware corporation ("Purchaser").
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Utility Deposit means the sum equal to the actual amount that the providers of water and electricity to the Leased Premises require to be deposited by Tenant on account of such services, which deposit may be adjusted by such providers from time to time during the Term to reflect Tenant’s actual consumption of such services.
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Examples of Utility Deposit in a sentence

  • The Utility Deposit is required to provide adequate assurance and protection of the Utilities in the payment for Utility Services.

  • The Utilities’ determination as to the amount of Business Partner’s Utility Deposit shall be final and binding.

  • The Business Partner shall maintain the Utility Deposit in accordance with this Agreement so long as Utilities provides Utility Services to the Business Partner.

  • If, upon proper notice of termination and the final payment by Business Partner for all Utility Services and other liabilities incurred by the Business Partner to the Utilities at the location, the Utilities may transfer the Utility Deposit to another location maintained by the Business Partner that has either no Utility Deposit or an inadequate Utility Deposit.

  • The Utilities shall not be obligated to segregate the Utility Deposit in a separate Contract Account.

  • The Utilities may, at any time in its sole discretion, modify the Utility Deposit in the accordance with this Agreement, with such modification being based upon either two (2) times the actual highest monthly billing, or two (2) times the estimate for Utility Services based upon full capacity of the location, whichever is greater.

  • Such Utility Deposit, in the form and amount as required by the Utilities, must be established with the Utilities prior to provision of any of the Utility Services by the Utilities to the Business Partner at the location.

  • The Utilities shall be entitled to recover and set off against the Utility Deposit all costs it incurs in the enforcement of this Agreement, including without limitation, all reasonable attorneys’ fees.

  • The Utilities shall notify the Business Partner of any modification of the Utility Deposit in writing at the address where billing for Utility Services is directed.

  • The Utilities may accrue interest on any balance of cash Utility Deposit at such rate and after such holding period as may from time to time be determined by the utility boards.


More Definitions of Utility Deposit

Utility Deposit. {Deposit utiliti} (Ringgit Malaysia: {Deposit utiliti dalam perkataan}) 9.
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