Cash Deposit. Lessee has deposited with Lessor $100.00 as security deposit for the faithful performance of and compliance with all the terms and conditions of this lease. Should Lessee fail to comply with each and every term and condition of the Lease, then the amount deposited as security shall be retained by Lessor as fixed, liquidated, and agreed damages for payment of disbursements, costs, and expenses that Lessor may incur. The parties shall treat the security deposit as liquidated damages, in payment of such costs, disbursements, and expenses sustained, as the parties cannot ascertain the exact amount of costs, disbursements, and expenses that Lessor would sustain in the event of any breach or violation hereunder by Lessee. The retention and holding of the security deposit for payment of such costs, disbursements, and expenses shall not in any manner be considered as payment for any rent due or to become due under this lease, or in any manner release Lessee from any rents to be paid, or from any of the obligations herein assumed. If all the terms and conditions are fully complied with the Lessee, then the security deposit shall be returned to the Lessee on surrender of the premises in a good state and condition, reasonable use and wear thereof excepted, at the termination of this Lease.
Cash Deposit. 4.5.1 Where a Cash Deposit is the form of Acceptable Security the provisions of Clauses 4.5.2 to 4.5.5 (inclusive) shall apply.
Cash Deposit. City may, without limiting its other remedies, require Contractor to pay to City a cash or other deposit in an amount necessary to cover the cost of repairing or remedying any breach of this Agreement. City shall provide Contractor with a billing and accounting when such repair or remedy is completed. Any unexpended sums shall be returned to Contractor, and Contractor shall immediately pay any additional costs incurred by City in excess of the cash deposited with City. No interest shall be payable to Contractor on any such deposit.
Cash Deposit. (a) If the Council makes demand under any Bond pursuant to clause 2.6 of this Schedule 10, the Council must hold the full amount so paid to the Council as a cash deposit (Cash Deposit) in a separate account opened with any body corporate that is an ADI (authorised deposit-taking institution) for the purposes of the Banking Act, 1959 in the name of the Council and with beneficial ownership vesting at all times in the Council (Cash Deposit Account). The Cash Deposit will operate to secure the same obligations under this Deed that the relevant Bond secured. Draft
Cash Deposit. All the Group Companies’ cash shall be deposited with sound international or PRC financial institutions, and all such cash deposits shall be short-term with free liquidity unless otherwise approved by the Board of Directors.
Cash Deposit. In lieu of obtaining a performance bond, Licensee shall have the right to instead deposit a cash deposit with Licensor securing Licensee’s obligations under this Agreement.
Cash Deposit. If the security is in the form of a cash deposit, interest at the rate currently paid by Central Xxxxxx on customer deposits shall be credited to the Licensee during the continuance of the deposit. If Licensee shall fail to pay any non-disputed sum demanded by Central Xxxxxx as due under the provisions of this Agreement, in addition to such other remedies available at law or pursuant to this Agreement Central Xxxxxx shall have the right, without prior notice to the Licensee, forthwith to setoff and apply any or all amounts on deposit with it to payment of the non-disputed sum due, whether or not Central Xxxxxx exercises or has exercised any option it may have to terminate this Agreement. If any such amounts are applied to payment of sums due to Central Xxxxxx, Licensee shall restore to its deposit the amounts so applied within thirty (30) days after notice to Licensee of such application.
Cash Deposit. Applicant has made a cash deposit which has been subtracted from total financed amount.
Cash Deposit. Buyer shall pay interest on cash held as Performance Assurance at the Performance Assurance Interest Rate and on the Interest Payment Date. All accrued interest on the unused Performance Assurance, if applicable, shall be transferred to Seller in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in Section 13.1
