Use of the Deposit Sample Clauses

Use of the Deposit. (a) The Deposit shall be available after the end of the Tenancy and with the written consent of both parties to set against any breaches of the Agreement, including:
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Use of the Deposit. If Transferor is liable to indemnify Transferee with respect to any liability owed to Transferee for breach of the Transition Services Agreement (including breach of Transferor’s obligation to remit the account receivables under item 1.(a) (i), Section II of Exhibit A of the Transition Services Agreement) notified by Transferee to Transferor in writing before the Release Date defined in Section 2.6 (c) , the amount of such liability owed by Transferor to Transferee which has either been (i) agreed between the Parties and /or (ii) finally determined by the court shall be released to Transferee from the Deposit, and the Parties shall provide joint instructions to the Escrow Agent to release and remit such amount to Transferee in accordance with the Escrow Agreement.
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Use of the Deposit. The Deposit shall be held by DPS throughout the Tenancy and will be available after the end of the Tenancy with the written consent of both parties which must be given to DPS to set against any breaches of the Agreement, including the following: any damage, or compensation for damage, to the Property or the Contents or for missing items for which the Tenant may be liable, subject to an apportionment or allowance for fair wear and tear and the age and condition of each and any such item at the commencement of the Tenancy; the Landlord’s reasonable costs or damages caused directly by the major breach of the Agreement by the Tenant of the Tenant's obligations, including those relating to the cleaning of the Property and the Contents; any damage caused or cleaning required due to pets, animals, reptiles, birds, or fish occupying the Property whether or not the Landlord consented to its presence; any sum repayable by the Landlord to the local authority where housing benefit or local housing allowance has been paid direct to the Landlord, by the local authority; any other breach by the Tenant of the obligations of this Agreement; any unpaid accounts for utilities, water charges, sewerage, environmental services or other similar services or Council Tax incurred at the Property for which the Tenant is liable; any outstanding Rent or other money due or payable by the Tenant under the Tenancy Agreement of which the Tenant has been made aware and which remains unpaid after the end of the Tenancy.
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Use of the Deposit. 5.2.1. The Deposit shall be held by DPS throughout the Tenancy and will be available after the end of the Tenancy with the written consent of both parties which must be given to DPS to set against any breaches of the Agreement, including the following:
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Use of the Deposit. Immediately upon receipt of the Initial Deposit, the Escrow Holder shall invest these funds in a federally insured deposit account approved by Buyer. Interest accrued on the Deposit shall be applied to and become a part of the Deposit. Once the Deposit is received by Escrow Holder, Buyer may at any time request Escrow Holder pay Application Costs, as defined below, using the Deposit funds (“Draw Request”). Draw Requests shall include the invoice, contract, or other supporting data to evidence that all costs are only used for Application Costs. In no event shall the aggregate amount of all Draw Requests exceed Two Hundred Ninety Thousand Dollars ($290,000.00). Upon the close of Escrow for this transaction (“Closing”), any unspent remaining amounts of the Deposit shall be applied to the Purchase Price.
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Use of the Deposit. In the event of any Tenant liability as set out in 3.1 above, the Landlord will contact the Council prior to any contractor being engaged to agree liability, seek quotations and confirm prices.
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Use of the Deposit. Any deposit placed by the Agent for each Agent Account SHALL NOT be treated as payment towards any arrears of payment due from the Agent to AGR herein. AGR shall not be obliged to place the deposit paid by the Agent into any interest-bearing account. The deposit amount shall be maintained throughout the validity of this agreement and shall not be treated as a set off by the Agent at any time. AGR reserves the right to request the Agent to increase the deposit sum. AGR shall also have the right (and such right shall not extend to the Agent) to use the deposit sum towards satisfaction of any liability or outstanding debt of the Agent, whether past, present or future.
Sample 1
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Related to Use of the Deposit

  • Use of websites (a) The Company may satisfy its obligation under this Agreement to deliver any information in relation to those Lenders (the “Website Lenders”) who accept this method of communication by posting this information onto an electronic website designated by the Company and the Agent (the “Designated Website”) if:

  • Use of Funds Grantee shall expend funds under this Contract only for approved services and for reasonable and allowable expenses directly related to those services.

  • Use of Funds in Trust Account During the period prior to the Company’s initial Business Combination or Liquidation, the Company may instruct the Trustee to release from the Trust Account, (i) solely from interest income earned on the funds held in the Trust Account, the amounts necessary to pay taxes, if any, and (ii) to pay Public Stockholders who properly redeem their Public Shares (as defined below) in connection with a stockholder vote to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation (x) to modify the substance or timing of the Company’s obligation to allow redemption in connection with its initial Business Combination or to redeem 100% of the outstanding Public Shares if the Company has not consummated an initial Business Combination within 24 months from the closing of the Offering or (y) with respect to any other provision relating to stockholders’ rights or pre-initial Business Combination activity. Otherwise, all funds held in the Trust Account (including any interest income earned on the amounts held in the Trust Account (net of taxes payable thereon in accordance with the preceding sentence)) will remain in the Trust Account until the earlier of the consummation of the Company’s initial Business Combination and the Liquidation; provided, however, that in the event of the Liquidation, up to $100,000 of interest income may be released to the Company if the proceeds of the Offering held by the Company outside of the Trust Account are not sufficient to cover the costs and expenses associated with implementing the Company’s plan of dissolution.

  • Withdrawals From the Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

  • Certain Rights of the Depositary; Limitations Subject to the further terms and provisions of this paragraph (26) and Section 5.10 of the Deposit Agreement, the Depositary, its Affiliates and their agents, on their own behalf, may own and deal in any class of securities of the Company and its Affiliates and in ADSs. In its capacity as Depositary, the Depositary shall not lend Shares or ADSs; provided, however, that the Depositary may (i) issue ADSs prior to the receipt of Shares pursuant to Section 2.3 of the Deposit Agreement and (ii) deliver Shares prior to the receipt of ADSs for withdrawal of Deposited Securities pursuant to Section 2.7 of the Deposit Agreement, including ADSs which were issued under (i) above but for which Shares may not have been received (each such transaction a “Pre-Release Transaction”). The Depositary may receive ADSs in lieu of Shares under (i) above and receive Shares in lieu of ADSs under (ii) above. Each such Pre-Release Transaction will be (a) subject to a written agreement whereby the person or entity (the “Applicant”) to whom ADSs or Shares are to be delivered (w) represents that at the time of the Pre-Release Transaction the Applicant or its customer owns the Shares or ADSs that are to be delivered by the Applicant under such Pre-Release Transaction, (x) agrees to indicate the Depositary as owner of such Shares or ADSs in its records and to hold such Shares or ADSs in trust for the Depositary until such Shares or ADSs are delivered to the Depositary or the Custodian, (y) unconditionally guarantees to deliver to the Depositary or the Custodian, as applicable, such Shares or ADSs and (z) agrees to any additional restrictions or requirements that the Depositary deems appropriate, (b) at all times fully collateralized with cash, U.S. government securities or such other collateral as the Depositary deems appropriate, (c) terminable by the Depositary on not more than five (5) business days’ notice and (d) subject to such further indemnities and credit regulations as the Depositary deems appropriate. The Depositary will normally limit the number of ADSs and Shares involved in such Pre-Release Transactions at any one time to thirty percent (30%) of the ADSs outstanding (without giving effect to ADSs outstanding under (i) above), provided, however, that the Depositary reserves the right to change or disregard such limit from time to time as it deems appropriate. The Depositary may also set limits with respect to the number of ADSs and Shares involved in Pre-Release Transactions with any one person on a case-by-case basis as it deems appropriate. The Depositary may retain for its own account any compensation received by it in conjunction with the foregoing. Collateral provided pursuant to (b) above, but not the earnings thereon, shall be held for the benefit of the Holders (other than the Applicant).

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