Common use of Advance Rent Clause in Contracts

Advance Rent. To secure your obligations to us, you will pay the advance rent amount shown on the reverse side at the time you sign this Lease. If the Lease is never finalized for reasons that are not our fault, we may keep the deposit to pay for our administrative costs, the costs for procuring the bond and associated costs as liquidated damages. If any part of the deposit is remaining at the end of the Term and you have complied with all of your obligations, we will return the remainder to you without interest. All advance rent shall represent last payments to the extent not otherwise utilized hereinabove.

Appears in 2 contracts

Samples: Equipment Lease Agreement (Applied Data Communications Inc), Equipment Lease Agreement (Applied Data Communications Inc)

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Advance Rent. To secure your obligations to us, you will pay the advance rent amount shown on the reverse side at the time you sign this Lease. If the Lease is never finalized for reasons that are not our fault, we may keep the deposit to pay for our administrative costs, the costs for procuring the bond and associated costs as liquidated damages. If any part of the deposit is remaining at the end of the Term and you have complied with all of your obligations, we will return the remainder to you without interest. All advance rent shall These payments represent the last payments to due on the extent not otherwise utilized hereinabovelease.

Appears in 2 contracts

Samples: Equipment Lease Agreement (Applied Data Communications Inc), Lease Agreement (Applied Data Communications Inc)

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Advance Rent. To secure your obligations to us, you will pay the advance rent amount shown on the reverse side at the time you sign this Lease. If the Lease is never finalized for reasons that are not our fault, we may keep the deposit to pay for our administrative costs, the costs for procuring the bond and associated costs as liquidated damages. If any part of the deposit is remaining at the end of the Term and you have complied with all of your obligations, we will return the remainder to you without interest. All advance rent shall represent last payments to the extent not otherwise utilized hereinabove.

Appears in 1 contract

Samples: Equipment Lease Agreement (International Foam Solutions Inc)

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