Application Fee and Damage Deposit Sample Clauses

Application Fee and Damage Deposit. In connection with the Application for Housing, new and returning Students are required to pay a non-refundable Application Fee in the amount of $150 for their first time living in housing. Returning residents are required to pay a non- refundable Application Fee in the amount of $50. A Damage Deposit in the amount of $250, if not already on deposit, must be remitted with this Agreement. The purpose of the Damage Deposit is to cover losses the College may incur as a result of the Student’s failure to comply with the terms of this Agreement, including but not limited to the Student’s failure to pay any Room Charges and other obligations under Section 5.1, and to reimburse losses the College may incur for repairing damages described in Section 5.3 below. If the College applies any of the Damage Deposit for such purposes, the Student shall immediately replenish the Damage Deposit (unless the Term has ended and the Student does not intend to occupy a Room in the subsequent academic year). The College may co-mingle the Damage Deposit with other funds held by the College, and the College has no obligation to pay any interest on the Damage Deposit. The College will return the Damage Deposit to the Student as soon as practicable following termination of the Agreement, but only if at such time (1) the Student’s Room (including furniture and furnishings) is found in the same condition as when the Student first took possession, ordinary wear and tear excepted, and (2) the Student has settled in full all accounts and debts owing to the College including, but not limited to, all charges, costs, assessments, fees and fines, and any amounts described in Section 5.1 above. If not so paid by the Student, the College shall have the right to deduct all such amounts from the Damage Deposit and, if the Damage Deposit is inadequate to cover such damages and nonpayment, to recover from the Student all sums required to repair such damages and pay such accounts in full. Notwithstanding anything in this Section 5.2 to the contrary, if the Student intends to occupy a Room for any portion of the academic year following the end of the Term, the Student hereby authorizes the College to apply the Damage Deposit to the deposit required by the Student Housing Agreement for such subsequent year; provided, however, if (1) the new Student Housing Agreement requires a larger deposit than set forth herein or (2) the College has applied any portion of the Damage Deposit to remedy the conditions...
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Related to Application Fee and Damage Deposit

  • Application Fee Prior to the Resident being accepted to The Residence, a non-refundable Application Fee of $100 must be made. This Application Fee applies to each application and is not refundable in the event of cancellation or withdrawal of the Resident’s application. The amount of the Application Fee is detailed in Table 4.

  • DAMAGE DEPOSIT Upon the due execution of this Agreement, Tenant shall deposit with Landlord the sum of DOLLARS ($ ) receipt of which is hereby acknowledged by Landlord, as security for any damage caused to the Premises during the term hereof. Such deposit shall be returned to Tenant, without interest, and less any set off for damages to the Premises upon the termination of this Agreement.

  • Taxes and Fees Imposed on Purchasing Party But Collected And Remitted By Providing Party 11.3.1 Taxes and fees imposed on the purchasing Party shall be borne by the purchasing Party, even if the obligation to collect and/or remit such taxes or fees is placed on the providing Party.

  • Mobile Deposit The Mobile Deposit feature enables you to use a software application together with your Wireless Access Device to create electronic images of the front and back of certain Original Checks (defined below) and transmit those images and other information, including, without limitation, information captured from the magnetic ink character recognition (“MICR”) line, to us for review and processing in accordance with this Agreement.

  • Construction Fee A fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or to provide major repairs or rehabilitations on a Property.

  • Additional Fee on Late Payments For any payments thirty (30) calendar days or more overdue under this Agreement, Registry Operator shall pay an additional fee on late payments at the rate of 1.5% per month or, if less, the maximum rate permitted by applicable law.

  • Termination Fee Charge A. In the event the Judicial Council terminates this Agreement pursuant to the “Termination Other Than for Cause” provision, as set forth in Exhibit A, the Judicial Council may be charged a Termination Fee, not to exceed the amount specified in Exhibit G.

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.”

  • Additional Fees The Borrower has agreed to pay to the Administrative Agent and the Arranger additional fees, the amount and dates of payment of which are embodied in the Fee Letter.

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