Customer Deposit Clause Samples

A Customer Deposit clause requires the customer to pay a specified sum of money upfront before goods or services are provided. This deposit is typically held by the supplier as security and may be applied toward the final payment or refunded, depending on the terms of the agreement and the customer's fulfillment of their obligations. The core function of this clause is to protect the supplier against potential losses from cancellations, non-payment, or other breaches by the customer, ensuring a level of financial commitment before proceeding with the transaction.
Customer Deposit. 8.1 Company may require Customer to provide a deposit, to be determined by Company acting in its sole discretion, for the provision and continued provision of the Services. 8.2 A deposit may be held until: (a) termination of the Agreement pursuant to clause 11; and‌ (b) all of Customer’s liabilities to Company in respect of the Services are discharged. 8.3 Company shall be entitled to apply, and require Customer to replenish, the deposit in whole or any part to satisfy any amount due by Customer to the Company. 8.4 No interest on the deposit provided under clause 8.1 shall be payable by Company to Customer.
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Customer Deposit. In addition to all other payment and Performance Assurance obligations, the Customer shall, prior to [DATE] (and by December 31st of each subsequent year the Agreement is in effect): (i) Pay to Cooperative a sum equal to the amount necessary to purchase a bond or secondary insurance policy equal to the amount of two times the estimated monthly average [RATE SCHEDULE] ▇▇▇▇▇▇▇▇; or (ii) Provide a surety bond issued by any Certified Company listed on the most recent version of the U.S. Department of the Treasury's Circular 570 naming Cooperative as the beneficiary thereof and in an amount equal to two times the estimated monthly average [RATE SCHEDULE] ▇▇▇▇▇▇▇▇.
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Customer Deposit. Customer shall provide to BREC (as agent for Seller), prior to the Effective Date, a cash deposit or an irrevocable bank standby letter of credit satisfactory to BREC representing two (2) months of estimated billing as security for the payment of Customer’s monthly billing obligations under this Agreement. In the event Customer fails to pay any undisputed monthly billing invoice by the Due Date, after notifying Customer of its intent to do so, BREC may, in addition to and without limiting any other remedies available to it, call on the standby letter of credit provided in this subsection or any other security deposit, payment security, or credit support to satisfy any unpaid invoices owed to Seller. BREC may increase or decrease the required amount of this payment security as necessary based on estimated increases or decreases in Customer’s bills. Customer shall provide the level of credit support required by BREC within 15 business days after each such adjustment. Any cash deposit will earn interest in accordance with law, and interest earned will be paid annually by BREC to Customer. Except with regard to the Customer Deposit in this Section 10.01, nothing in this Agreement shall create any duty or obligation on behalf of BREC to Customer.
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Customer Deposit. In the event of chassis delays, for Products purchased with installation performed at Hexagon’s location or a Hexagon-designated third-party installer, Hexagon reserves the right to require a Customer deposit in the amount of the price of the Products on the later of 21 days after the confirmed delivery date or the date of final completion of the Products. Any previously tendered Customer deposit shall be reflected on the Invoice and applied towards the price of the Products.
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Customer Deposit of a minimal of $25.00 for the reservation of bounce houses only and $50.00 for all oth- er inflatable obstacle courses, dunking booth, and wet and dry slides goes toward the principle. Deposit will be returned or reschedule only for bad weather that day not for I changed my mind. ▇▇▇▇▇ Some Fun will set up and take down the inflatable to manufacture and Arkansas Department of Labor spects and guideline. No one is allowed to pick up and set up inflatable on there own. But at pick up or shortly there after any damag- es found to be not normal ware and tare, the renter will be subject to (4.)
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Customer Deposit. The customer will need an initial minimum one month trial deposit of $1000:one thousand dollars or more based on what the Customer can afford. The initial deposit, all subsequent deposits to and withdrawals, and all transactions effected shall be subject to this Foreign Exchange Management Agreement. Customer will increase the initial investment amount after one month trial period incase Customer is happy with profits and wants to continue with our services. Customer can also add to the case balance of the Account at any time.
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Customer Deposit. As of September 30, 2006, the Company received $1,201,342 from individuals and companies for various types of customer deposits. As of September 30, 2006, the Company received $1,032,090 from individuals and companies for constructing a new shopping mall. However, the proposal of the new construction has not been approved by local authority; the project has been on hold for further decision of the management.
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Related to Customer Deposit

  • Data Escrow Registry Operator shall comply with the registry data escrow procedures set forth in Specification 2 attached hereto (“Specification 2”).

  • Customer Accounts The Bank agrees to establish and maintain the following accounts (“Accounts”): (a) A custody account in the name of the Customer (“Custody Account”) for any and all stocks, shares, bonds, debentures, notes, mortgages or other obligations for the payment of money, bullion, coin and any certificates, receipts, warrants or other instruments representing rights to receive, purchase or subscribe for the same or evidencing or representing any other rights or interests therein and other similar property whether certificated or uncertificated as may be received by the Bank or its Subcustodian (as defined in Section 3) for the account of the Customer (“Securities”); and (b) A deposit account in the name of the Customer (“Deposit Account”) for any and all cash in any currency received by the Bank or its Subcustodian for the account of the Customer, which cash shall not be subject to withdrawal by draft or check. The Customer warrants its authority to: 1) deposit the cash and Securities (“Assets”) received in the Accounts and 2) give Instructions (as defined in Section 11) concerning the Accounts. The Bank may deliver securities of the same class in place of those deposited in the Custody Account. Upon written agreement between the Bank and the Customer, additional Accounts may be established and separately accounted for as additional Accounts under the terms of this Agreement.

  • 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.

  • 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.

  • Direct Deposit If you have arranged to have a direct deposit made to your account at least once every 60 days from the same source and you do not receive a receipt (such as a pay stub), you can find out whether or not the deposit has been made by calling (▇▇▇) ▇▇▇-▇▇▇▇. This does not apply to transactions occurring outside the United States.