APPLICATION DEPOSIT. All money paid upon signing of this Lease will be deemed an Application Deposit until the commencement date of the Lease. Upon the commencement date of the Lease, money paid as a Refundable Deposit will be held and credited as Resident’s security deposit. Failure to take possession of the apartment unit will result in Landlord exercising all rights and remedies available to Landlord under Virginia law, including the disposition of said Application/Security Deposit in accordance with Virginia Code § 55.1-1203 & 55.1-1226, as amended.
APPLICATION DEPOSIT. At the signing of this agreement, Applicant agrees to make a deposit payable to the Regional Development Company. Underwriting of the loan application cannot begin until this deposit is received. Application deposit amount is $1,000. If the Regional Development Company and SBA approve the loan, the fee will be used for any third party, out-of-pocket expenses incurred by the Regional Development Company, including, but not limited to, overnight delivery, postage, filing fees, environmental reports and certification fees. Once the loan closes and funds, the unused balance of the Application Deposit will be refunded to the Applicant.
APPLICATION DEPOSIT. All money paid upon signing of this Lease will be deemed an Application Deposit until the commencement date of the Lease. Upon the commencement date of the Lease, money paid as a Refundable Deposit will be held and credited as Resident’s security deposit. Failure to take possession of the apartment unit will result in Landlord exercising all rights and remedies available to Landlord under Virginia law, including the disposition of said Application/Security Deposit in accordance with Virginia Code § 55.1-1203 & 55.1-1226, as amended. SECURITY DEPOSIT: Upon commencement of the Lease, Resident acknowledges receipt, in good condition, of the Premises and all its equipment, excepting the list of defects that Landlord shall deliver to Resident within five (5) days of the Lease commencement date. Resident shall deliver in writing and within (5) days thereafter any additional preexisting damages which Resident may discover or Landlord's list shall be accepted as a true and accurate description of the condition of the Premises at the time of occupancy. Failure to return said list within 5 days from the Lease commencement date will indicate Resident’s acceptance of responsibility for any and all damages, whether preexisting or not. The Security Deposit is to be held by Landlord as security for faithful performance by Resident of all the terms of this Lease and the Policies and Procedures Handbook. If Resident has fully complied with all the provisions of this Lease, including the Policies and Procedures Handbook, and has thoroughly cleaned and has completely vacated the Premises in good condition (reasonable wear and tear excepted), Landlord will dispose of said deposit within the time period specified in the applicable provisions of the Code of Virginia, in effect at the time of termination of tenancy and delivery of possession, less any charges that Landlord may deduct from said deposit in accordance with Virginia Code § 55.1-1226, as amended. Resident may request in writing, at least five days prior to the final move-out inspection of the Premises, to be present at said inspection. If any portion of the deposit is retained by Landlord, Landlord shall forward to Resident, within the time period specified in the aforementioned Code section, an itemized accounting of the proceeds that are being retained and the reasons therefore. Resident agrees to notify Landlord, in writing, of his or her new address as soon as the Premises are vacated. In the event Resident defau...
APPLICATION DEPOSIT. A deposit of $100 is due at the time an application for residence is submitted to Graduate House. This deposit is refundable to the applicant up until the point that an Offer of Residence is made. If the applicant does not accept this offer or does not respond, the Application Deposit is forfeited and the application is cancelled. If the applicant accepts the Offer of Residence, this amount will be put towards their last month’s Occupancy Fee;
APPLICATION DEPOSIT. A holding deposit is generally taken from a tenant applying to rent a property. The purpose of this payment is to verify the Tenant's serious intent to proceed, and to protect the Agent against any administrative expenses (taking out references, conducting viewings, re-advertising) that may be incurred should the Tenant decide to withdraw the application. The application deposit does not protect the Landlord against loss of rent due to the Tenant deciding to withdraw, or references proving unsuitable although early acceptance of rent from the applicant would not be advisable until satisfactory references have been received.
APPLICATION DEPOSIT. All money paid upon signing of this Lease will be deemed an Application Deposit until the commencement date of the Lease. Upon the commencement date of the Lease, money paid as a Refundable Deposit will be held and credited as Resident’s security deposit. Failure to take possession of the apartment unit will result in Landlord exercising all rights and remedies available to Landlord under North Carolina law. SECURITY DEPOSIT: Upon commencement of the Lease, Resident acknowledges receipt, in good condition, of the Premises and all its equipment, excepting the list of defects that Landlord shall deliver to Resident within five (5) days of the Lease commencement date. Resident shall deliver in writing and within (5) days thereafter any additional preexisting damages which Resident may discover or Landlord's list shall be accepted as a true and accurate description of the condition of the Premises at the time of occupancy. Failure to return said list within 5 days from the Lease commencement date will indicate Resident’s acceptance of responsibility for any and all damages, whether preexisting or not. The Security Deposit is to be held by Landlord as security for faithful performance by Resident of all the terms of this Lease and the Policies and Procedures Handbook. If Resident has fully complied with all the provisions of this Lease, including the Policies and Procedures Handbook, and has thoroughly cleaned and has completely vacated the Premises in good condition (reasonable wear and tear excepted), the Security Deposit will be administered by Landlord and/or Agent in accordance with the North Carolina Tenant Security Deposit Act. IF LANDLORD OR AGENT PLACES THE SECURITY DEPOSIT IN AN INTEREST-BEARING TRUST ACCOUNT, RESIDENT AGREES THAT ANY INTEREST THAT ACCRUES SHALL BE FOR THE SOLE AND EXCLUSIVE BENEFIT OF LANDLORD AND LANDLORD MAY WITHDRAW SUCH INTEREST AT ANY TIME. The Security Deposit will be maintained in a bank account with the following bank: Branch Banking and Trust located at the following address: 000 X. Xxxxx St. Greenville, NC 27858. Following the termination of the lease and/or tenancy, Landlord may deduct from the Security Deposit for those items permitted under the North Carolina Tenant Security Deposit Act. In the event there is more than one Resident on the Lease, Landlord or Agent will pay any balance remaining from the Security Deposit to both Residents in the form on one check, and the other Residents agree to hold Landlord and/or Agent...
APPLICATION DEPOSIT. In consideration of BSF’s providing the above-described financing services, the Applicant agrees to make a deposit in the amount of $500.00 at the time SBA issues the Authorization (loan approval). This deposit shall be deemed earned and will be collected by BSF when SBA issues the Authorization. At SBA 504 loan funding, this deposit will be credited against the borrower’s out of pocket closing costs (see Part III below). If the loan is cancelled for any reason after the Authorization is issued, this deposit shall be retained by BSF. This fee is not part of applicant’s equity contribution.
APPLICATION DEPOSIT. In consideration of BSF’s providing the above‐described financing services, the Applicant agrees to make a deposit in the amount of $500 at the time this agreement is signed. • If BSF or the SBA declines the application, the deposit will be refunded in full unless the loan material is found to contain material inaccuracies, omissions or representations on the part of the Applicant which result in the loan’s denial, then BSF is authorized to retain the deposit as a reasonable fee for its financing services. • If SBA approves the loan, the deposit will be applied to closing costs as discussed below. • If the Applicant withdraws its loan application at any time before SBA issues the Authorization, BSF may deduct its reasonable and necessary costs incurred in packaging and processing the loan application and refund the remaining balance to Applicant.
APPLICATION DEPOSIT. <Transmission Customer> has provided to Avista Corp. an Application deposit in accordance with the provisions of Section 17.3 of the Tariff.
APPLICATION DEPOSIT. At the signing of, and accompanying this agreement, the Applicant agrees to make a deposit in the amount of $1,000 payable to SCIRPDC. Applicant agrees that if the application is withdrawn or cannot be completed because of the failure to submit necessary information, the application deposit shall be deemed compensation to SCIRPDC for its services. PART III: IRP LOAN PROGRAM The Applicant understands that, if approved, the loan contemplated by this agreement will be made under the provisions of the USDA Intermediary Relending Program (IRP) guidelines. The IRP Program provides borrowers with a long-term, fixed-rate loan, not exceeding 75% of the eligible project costs associated with issuing the debenture. These costs are included in the loan amount. A $750 legal/processing fee and other closing costs are excluded from the loan amount and must be paid by the Applicant at, or before, closing. The borrower and a participating lender provide the remaining minimum 25% percent of the total project financing, with the lender’s portion in the form of a loan having a minimum term of ten years for real property.
