Common use of Deduction of Deposit Clause in Contracts

Deduction of Deposit. 3.1 If the tenant does not perform obligations listed in Contract for Finance Lease by appointments, Party A has rights to, even without the permission of Party B, voluntarily deduct the relevant unpaid funds from the deposit paid by Party B in the order of cost, other payables, liquidated damages, compensation, damage awards, and rent payable.

Appears in 4 contracts

Samples: Deposit Contract (Altair Nanotechnologies Inc), Deposit Contract (Altair Nanotechnologies Inc), Altair Nanotechnologies Inc

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