Application Fee and Damage Deposits Sample Clauses

Application Fee and Damage Deposits. 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 Deposits

  • 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.

  • 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:

  • Indemnity Consequential Damages and Insurance 18.1 Indemnity 18.1.1 Indemnified Party 18.1.2 Indemnifying Party 18.1.3 Indemnity Procedures 18.2 Consequential Damages 18.3 Insurance 18.3.1 18.3.2 18.3.3 18.3.4 18.3.5 18.3.6 18.3.7 18.3.8 18.3.9 18.3.10 18.3.11

  • Collection Fees If collection fees are assessed or attorney’s fees are expended by the University in the process of obtaining unpaid housing charges, the student will be responsible for the payment of those fees in addition to the unpaid housing charges.

  • Loss and Damage Lessee shall assume and bear the risk of loss, theft and damage (including any governmental requisition, condemnation or confiscation) to the Equipment and all component parts thereof from any and every cause whatsoever, whether or not covered by insurance. No loss or damage to the Equipment or any component part thereof shall impair any obligation of Lessee under this Lease Agreement, which shall continue in full force and effect except as hereinafter expressly provided. Lessee shall repair or cause to be repaired all damage to the Equipment. In the event that all or part of the Equipment shall, as a result of any cause whatsoever, become lost, stolen, destroyed or otherwise rendered irreparably unusable or damaged (collectively, the “Loss”) then Lessee shall, within ten (10) days after the Loss, fully inform Lessor in writing of such a Loss and shall pay to Lessor the following amounts: (i) the Monthly Lease Charges (and other amounts) due and owing under this Lease Agreement, plus (ii) one-hundred (100%) percent of the original cost of the Equipment subject to the Loss if the loss occurs in the first nine months of the Initial Term, and, thereafter, the original cost of the Equipment amortized by the subsequent Monthly Lease Charges received by Lessor during the Initial Term using an amortization rate of eight hundred and ninety (890) basis points over the interest rate of the three (3) year United States Treasury Note as reported by the Federal Reserve on the Commencement Date (collectively, the sum of (i) plus (ii) shall be the “Casualty Loss Value”). Notwithstanding the proceeding, if Lessee has provided notice to terminate the applicable Lease Schedule prior to informing Lessor in writing of a Loss and such Loss is not covered by insurance proceeds pursuant to Section 13 hereof, then Lessee shall pay two (2) times the Casualty Loss Value on the Equipment subject to such Loss. Upon receipt by Lessor of the Casualty Loss Value: (i) the applicable Equipment shall be removed from the Lease Schedule; and (ii) Lessee’s obligation to pay Lease Charges associated with the applicable Equipment shall cease. Lessor may request, and Lessee shall complete, an affidavit(s) that swears out the facts supporting the Loss of any item of Equipment.

  • Assignment Liability Indemnity Force Majeure Consequential Damages and Default Notwithstanding any other provision of this Agreement, the liability, indemnification and insurance provisions of the Transmission Operating Agreement (“TOA”) or other applicable operating agreements shall apply to the relationship between the System Operator and the Interconnection Transmission Owner and the liability, indemnification and insurance provisions of the Tariff apply to the relationship between the System Operator and the Interconnection Customer and between the Interconnecting Transmission Owner and the Interconnection Customer.

  • 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.

  • 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.

  • 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.

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