Refund of Cash Deposit Sample Clauses

The 'Refund of Cash Deposit' clause outlines the conditions under which a party who has provided a cash deposit is entitled to have that deposit returned. Typically, this clause specifies the circumstances—such as fulfillment of contractual obligations, absence of damages, or completion of a lease—under which the deposit will be refunded, and may detail the timeframe and process for the refund. Its core function is to protect the depositor by ensuring that their funds are returned when appropriate, while also providing the recipient with security against potential breaches or damages.
POPULAR SAMPLE Copied 3 times
Refund of Cash Deposit. If the Distributor refunds all or part of a Cash Deposit, it must refund all or part of the Cash Deposit into a bank account nominated by the Trader on the Working Day following the day on which the Distributor decided to, or is required to, refund the Cash Deposit.

Related to Refund of Cash Deposit