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:
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).
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.
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.‌

Related to Use of a security deposit

  • SECURITY DEPOSIT As part of this Agreement: (check one) ☐ - The Landlord requires a payment in the amount of $ (“Security Deposit”) for the faithful performance of the Tenant under the terms and conditions of this Agreement. Payment of the Security Deposit is required by the Tenant upon the execution of this Agreement. The Security Deposit shall be returned to the Tenant within days after the end of the Lease Term less any itemized deductions. This Security Deposit shall not be credited towards any Rent unless the Landlord gives their written consent. ☐ - The Landlord does not require a Security Deposit as part of this Agreement.

  • 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.

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

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

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