DAMAGE AND SECURITY DEPOSIT Sample Clauses

DAMAGE AND SECURITY DEPOSIT. On execution of this Lease, Lessee shall deposit with the Lessor the sum of either: $350.00 for events without alcohol OR $750.00 for events serving alcohol Such sum shall be returned to Lessee within 5 business days after the end of the term of this Lease if Lessee faithfully performs the covenants and conditions of this Lease and returns said premises to Lessor in the same condition as when leased, normal wear and tear excepted. Said sum shall be retained by Xxxxxx as partial damages to Xxxxxx does not faithfully perform the covenants and conditions of this Lease or if Xxxxxx fails to return the premises in the same condition as when receiving them, normal wear and tear excepted. Within said 5 working days, Lessor shall give Lessee written notice of all damages to the premises or other claim for failure to leave the premises in the same condition as when receiving the premises. Said notice shall also provide Lessee of Lessor’s best estimate of the costs of repair or clean up. Such forfeiture shall not be construed as payment in full of any claims the Lessor may have against the Lessee as a result of Lessee not fulfilling the covenants and conditions of this Lease, but only as a partial payment of any damages, cleaning costs or rent payments due that the Lessor may be entitled to as a result of the Lessee not fulfilling the terms and conditions of this Lease or damage done to the property by the Lessee. The Lessor shall not be obligated to pay Lessee any interest on this deposit but only obligated to return the appropriate amount of the deposit then due the Lessee. A breach of any of the covenants contained herein by the Lessee shall, at the option of the Lessor, be determined a complete breach of this Lease. It is agreed between the parties that the Lessor is entitled to select from the Lessee all damages caused Xxxxxx as a result of the breach of any of the conditions of this Lease and that reasonable attorney's fees necessary to enforce Xxxxxx's rights, pursuant to this Lease, shall be determined to be a damage sustained by the Lessor. Lessee shall be obligated to Lessor in the sum of $50.00 as a cancellation fee if event cancellation notice is received by Lessor within seven (7) business days of the scheduled event.
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DAMAGE AND SECURITY DEPOSIT. Site Coordinator and Licensee shall tour premises to ascertain Site condition at the commencement of Licensee’s use of Site and immediately following Licensee’s use of Site. Licensee agrees that CAI may subtract the cost of damages to property caused by Licensee’s use of the Site from the Damage and Security deposit. We must keep Camp Augusta in good condition for future guests. The damage deposit is due in cash. Of particular concern are the following points:
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DAMAGE AND SECURITY DEPOSIT. The Resident agrees to pay the Landlord the security deposit and nonrefundable apartment prep fee as set forth in schedule A as a condition of giving possession to Resident. In no case is the Landlord obligated to apply this Deposit to rent or other charges in arrears. If damages caused by Resident exceed the amount on deposit, Resident agrees to pay such damages upon receipt of notice of damage and amount charged. The Landlord shall repay to the Resident, within thirty (30) days after vacating the premises, all or whatever part of the Damage and Security Deposit that may be remaining, if any, after reimbursement to the Landlord from this fund for any charges allowed by Law. The Security deposit will be deposited in a financial institution which shall be: Xxx Arbor Commerce Bank, 0000 X. Xxxxx Xx Xxx Xxxxx, XX 00000
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DAMAGE AND SECURITY DEPOSIT. Damage deposits are fully refundable within 21days of departure, less the cost of any breakage, damage, missing items, or additional clean up due to your leaving the property excessively dirty. Any damage to the premises will first be deducted from the Security Deposit and after that is exhausted Guests shall be responsible for all additional damages, if any. In the event that Guest is responsible for any damage then Guests agree to be responsible for all such damages, and agrees that claims relating to such damage may be made in the state courts of Davidson County, Tennessee.
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DAMAGE AND SECURITY DEPOSIT. Not less than five (5) business days prior to your use, you must deliver a check in the amount of two hundred ($200.00) dollars, payable to Virginia Heights Baptist Church. This check will serve as a damage and security deposit. Following your use, if there is no damage to the church (over and above normal wear and tear), and the space you used was properly restored per the terms of this agreement, the check will be returned to you.
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DAMAGE AND SECURITY DEPOSIT. Licensee may not make any permanent alterations or additions to the Venue. Any temporary alteration or addition, including temporary signage or decoration for the Event, must be approved by Licensor.
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DAMAGE AND SECURITY DEPOSIT. Applicant shall pay a damage and security deposit in the amount of $500.00 no later than sixty (60) days prior to the scheduled event. This deposit will be refunded by Nature’s Connection Inc. within fourteen (14) days following the scheduled event as long as all of the following occur. The premises are returned in the same condition as existed prior to the event. The number of persons attending the event did not increase from the original agreement. All policies pertaining to this contract have been abided by. Any amount withheld from the deposit will be summarized in writing by Nature’s Connection Inc. and the balance refunded to Applicant. The premises includes: smoking area, tent, buildings, wedding suites, lawns, gravel, flowerbeds, ponds, parking area, and caterer’s area. Any increase in the number of persons attending the event which changes the rental rate will be deducted from the deposit at the rate of $2 per person. Any failure to abide by the alcohol, music or other policies on this contract may result in forfeit of Applicant’s Damage and Security Deposit.
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Related to DAMAGE AND SECURITY DEPOSIT

  • Rent and Security Deposit i. Tenant agrees to pay to Landlord for the Leased Premises in lawful money of the United States rent for the first twelve (12) months of the term hereof at the rate of Fifteen Dollars ($15.00) per square foot of occupied space, in advance, except that the monthly installment which otherwise shall be due on the commencement date recited above, shall be due and payable on the date hereof. Thereafter one such monthly installment shall be due and payable without demand on or before the first day of each calendar month succeeding the commencement date; further provided, that the rental payment for any fractional calendar month at the commencement or end of the Lease term shall be prorated. The rate charged for rent shall increase by $0.50 (Fifty Cents) per year for each such succeeding twelve (12) month period. ii. In addition, Tenant agrees to deposit with Landlord on the date hereof the sum of One Thousand Dollars ($1,000.00), which sum shall be held by Landlord, without obligation for interest, as security for the full, timely and faithful performance of Tenant's covenants and obligations under this Lease, it being expressly understood and agreed that such deposit is not an advance rental deposit or a measure of Landlord's damages in case of Tenant's default. Upon the occurrence of any event of default by Tenant, Landlord may, from time to time, without prejudice to any other remedy provided herein or provided by law, use such funds to the extent necessary to make good any arrears of rent or other payments due to Landlord hereunder, and any other damage, injury, expense or liability caused by any event of Tenant's default; and Tenant shall pay to Landlord on demand the amount so applied in order to restore the security deposit to its original amount. Although the security deposit shall be deemed the property of Landlord, any remaining balance of such deposit shall be returned by Landlord to Tenant at such time after termination of this Lease when Landlord shall have determined that all Tenant's obligations under this Lease have been fulfilled. Subject to the other terms and conditions contained in this Lease, if the Building is conveyed by Landlord, said deposit may be turned over to Landlord's grantee, and if so, Tenant hereby releases Landlord from any and all liability with respect to said deposit and its application or return.

  • Security Deposit Tenant has deposited or concurrently herewith is depositing with Landlord the sum set forth in Article 1.F. of the Basic Lease Provisions as security for the full and faithful performance of every provision of this Lease to be performed by Tenant. If Tenant breaches any provision of this Lease, including but not limited to the payment of rent, Landlord may use all or any part of this security deposit for the payment of any rent or any other sums in default, or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant's default. If any portion of said deposit is so used or applied, Tenant shall, within five (5) days after written demand therefor, deposit funds with Landlord in a form acceptable under Section 3(b) above and in an amount sufficient to restore the security deposit to its full amount. Tenant agrees that Landlord shall not be required to keep the security deposit in trust, segregate it or keep it separate from Landlord's general funds, but Landlord may commingle the security deposit with its general funds and Tenant shall not be entitled to interest on such deposit. At the expiration of the Term, and provided there exists no default by Tenant hereunder, the security deposit or any balance thereof shall be returned to Tenant (or, at Landlord's option, to Tenant's "Transferee", as such term is defined in Article 15 below), provided that subsequent to the expiration of this Lease, Landlord may retain from said security deposit (i) an amount reasonably estimated by Landlord to cover potential Direct Cost reconciliation payments due with respect to the calendar year in which this Lease terminates or expires (such amount so retained shall not, in any event, exceed ten percent (10%) of estimated Direct Cost payments due from Tenant for such calendar year through the date of expiration or earlier termination of this Lease and any amounts so retained and not applied to such reconciliation shall be returned to Tenant within thirty (30) days after Landlord's delivery of the Statement for such calendar year), (ii) any and all amounts reasonably estimated by Landlord to cover the anticipated costs to be incurred by Landlord to remove any signage provided to Tenant under this Lease, to remove cabling and other items required to be removed by Tenant under Section 29(b) below and to repair any damage caused by such removal (in which case any excess amount so retained by Landlord shall be returned to Tenant within thirty (30) days after such removal and repair), and (iii) any and all amounts permitted by law or this Article 4. Tenant hereby waives the provisions of Section 1950.7 of the California Civil Code and all other provisions of law, now or hereafter in effect, which provide that Landlord may claim from a security deposit only those sums reasonably necessary to remedy defaults in the payment of rent, to repair damage caused by Tenant or to clean the Premises, it being agreed that Landlord may, in addition, claim those sums specified in this Article 4 above, and all of Landlord's damages under this Lease and California law including, but not limited to, any damages accruing upon termination of this Lease under Section 1951.2 of the California Civil Code and/or those sums reasonably necessary to compensate Landlord for any other loss or damage, foreseeable or unforeseeable, caused by the acts or omissions of Tenant or any officer, employee, agent, contractor or invitee of Tenant.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one)

  • Additional Security Deposit No additional security deposit shall be required in connection with this Amendment.

  • 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.” (b) The Xxxxxxx Money Deposit shall be held by Escrow Agent subject to the terms and conditions of an Escrow Agreement dated as of the date of this Contract entered into by Seller, Buyer and Escrow Agent (the “Escrow Agreement”). The Xxxxxxx Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes; provided, however, to the extent that Buyer instructs the Escrow Agent to apply the Xxxxxxx Money Deposit toward the Purchase Price in accordance with Section 2.4, interest shall be deemed to have accrued to the benefit of Buyer and be reportable by Buyer for income tax purposes.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Utility Deposits Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

  • Geographic Area and Sector Specific Allowances, Conditions and Exceptions The following allowances and conditions shall apply where relevant. Where the Employer does work which falls under the following headings, the Employer agrees to pay and observe the relevant respective conditions and/or exceptions set out below in each case.

  • Original Lease The single executed original of this Lease marked "THIS COUNTERPART IS THE ORIGINAL EXECUTED COUNTERPART" on the signature page thereof and containing the receipt of the Lessor therefor on or following the signature page thereof shall be the Original Executed Counterpart of this Lease (the "Original Executed Counterpart"). To the extent that this Lease constitutes chattel paper, as such term is defined in the Uniform Commercial Code as in effect in any applicable jurisdiction, no security interest in this Lease may be created through the transfer or possession of any counterpart other than the Original Executed Counterpart.

  • Exception to Obligations Neither Party's obligations under this Section shall apply to the extent the infringement is caused by: (i) modification of the facilities or equipment (including software) by the indemnitee; (ii) use by the indemnitee of the facilities or equipment (including software) in combination with equipment or facilities (including software) not provided or authorized by the indemnitor, provided the facilities or equipment (including software) would not be infringing if used alone; (iii) conformance to specifications of the indemnitee which would necessarily result in infringement; or (iv) continued use by the indemnitee of the affected facilities or equipment (including software) after being placed on notice to discontinue use as set forth herein.

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