DEPOSIT AND GUARANTEE Sample Clauses

DEPOSIT AND GUARANTEE. 2.1 It is agreed that –
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DEPOSIT AND GUARANTEE. (a) On the date hereof, Purchaser shall deliver to the Escrow Agent on behalf of Seller the Deposit of Five Hundred Thousand Dollars ($ 500,000) in cash, to be held in escrow pursuant to Section 2.2(b) below, which Deposit shall be refundable to Purchaser only under the circumstances provided in Section 10.2(b).
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DEPOSIT AND GUARANTEE. Where Public Service deems it necessary, a deposit or other guarantee satisfactory to Public Service may be required as security for the payment of future and final bills before Public Service will commence or continue to render service, or perform necessary preliminary work prior to meter installation. A deposit may be required from a customer equal to the estimated bills which would accrue for two months' service at the applicable rate schedule. A customer taking service for a period of less than thirty days may be required to deposit an amount equal to the estimated xxxx for such temporary period. Upon closing any account, the balance of any deposit remaining after the closing xxxx for service has been settled, shall be returned promptly to the depositor with interest due. Deposits shall cease to bear interest upon discontinuance of service. Public Service shall review a residential customer's account at least once every year and a non-residential customer's account at least once every 2 years. If such review indicates that the customer has established credit satisfactory to Public Service, then the outstanding deposit shall be refunded to the customer. In accordance with N.J.A.C. 14:3-7.5(c), simple interest at a rate equal to the average yields on new six-month Treasury Bills for the twelve month period ending each September 30 shall be paid by Public Service on all deposits held by it, provided the deposit has remained with Public Service for at least 3 months. Said rate, which shall be rounded up or down to the nearest half percent, shall be determined by the Board of Public Utilities, and shall become effective on January 1 of the following year. Interest payments shall be made at least once during each 12-month period in which a deposit is held and shall take the form of credits on bills toward utility service rendered or to be rendered, for residential accounts. A deposit is not a payment or part payment of any xxxx for service, except that on discontinuance of service Public Service may apply said deposit against unpaid bills for service, and only the remaining balance of the deposit will be refunded. Public Service shall read the meters and ascertain that the obligations of the customer have been fully performed before being required to return any deposit. To have service resumed, customer will be required to restore deposit to original amount.
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DEPOSIT AND GUARANTEE. 8 2.4. Main Extensions............... 8 2.5.
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DEPOSIT AND GUARANTEE. To have deposited as a guarantee to the YACHT OWNER before the delivery of the Vessel the amount of 3.000€, in order to cover fully or partially any claim of the YACHT OWNER in case of any loss or damage to the Vessel and/or equipment, not recovered under the Insurance contract and the Article 3b above and for any requirement of the YACHT OWNER in accordance with Article 4b as mentioned above. The mentioned guarantee will be returned to the Charterer, according to the above conditions and after the Vessel and its equipment have been inspected and certified by the YACHT OWNER that there is no reason of the above mentioned conditions whatsoever applicable in this case.
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Related to DEPOSIT AND GUARANTEE

  • Release of Liens and Guarantees (a) The Lenders, the Issuing Banks and the other Secured Parties hereby irrevocably agree that the Liens granted to the Collateral Agent by the Loan Parties on any Collateral shall be automatically released: (i) in full upon the occurrence of the Termination Date as set forth in Section 9.18(d) below; (ii) upon the Disposition of such Collateral by any Loan Party to a person that is not (and is not required to become) a Loan Party in a transaction not prohibited by this Agreement (and the Collateral Agent may rely conclusively on a certificate to that effect provided to it by any Loan Party upon its reasonable request without further inquiry), (iii) to the extent that such Collateral comprises property leased to a Loan Party, upon termination or expiration of such lease (and the Collateral Agent may rely conclusively on a certificate to that effect provided to it by any Loan Party upon its reasonable request without further inquiry), (iv) if the release of such Lien is approved, authorized or ratified in writing by the Required Lenders (or such other percentage of the Lenders whose consent may be required in accordance with Section 9.08), (v) to the extent that the property constituting such Collateral is owned by any Guarantor, upon the release of such Guarantor from its obligations under the Guarantee in accordance with the Holdings Guarantee and Pledge Agreement, the Subsidiary Guarantee Agreement or clause (b) below (and the Collateral Agent may rely conclusively on a certificate to that effect provided to it by any Loan Party upon its reasonable request without further inquiry), (vi) as provided in Section 8.11 (and the Collateral Agent may rely conclusively on a certificate to that effect provided to it by any Loan Party upon its reasonable request without further inquiry), and (vii) as required by the Collateral Agent to effect any Disposition of Collateral in connection with any exercise of remedies of the Collateral Agent pursuant to the Security Documents. Any such release (other than pursuant to clause (i) above) shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those being released) upon (or obligations (other than those being released) of the Loan Parties in respect of) all interests retained by the Loan Parties, including the proceeds of any Disposition, all of which shall continue to constitute part of the Collateral except to the extent otherwise released in accordance with the provisions of the Loan Documents.

  • Guaranty Agreements Any Guaranty Agreement or any provision thereof shall for any reason cease to be in full force and effect or valid and binding on or enforceable against any Credit Party or a Credit Party shall so state in writing or bring an action to limit its obligations or liabilities thereunder; or any Credit Party shall fail to perform any of its obligations thereunder; or

  • Guaranty Each Guarantor hereby absolutely and unconditionally, jointly and severally guarantees, as primary obligor and as a guaranty of payment and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and at all times thereafter, of any and all Secured Obligations (for each Guarantor, subject to the proviso in this sentence, its “Guaranteed Obligations”); provided that (a) the Guaranteed Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor and (b) the liability of each Guarantor individually with respect to this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the Bankruptcy Code of the United States or any comparable provisions of any applicable state law. Without limiting the generality of the foregoing, the Guaranteed Obligations shall include any such indebtedness, obligations, and liabilities, or portion thereof, which may be or hereafter become unenforceable or compromised or shall be an allowed or disallowed claim under any proceeding or case commenced by or against any debtor under any Debtor Relief Laws. The Administrative Agent’s books and records showing the amount of the Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon each Guarantor, and conclusive for the purpose of establishing the amount of the Secured Obligations. This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the Secured Obligations or any instrument or agreement evidencing any Secured Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or by any fact or circumstance relating to the Secured Obligations which might otherwise constitute a defense to the obligations of the Guarantors, or any of them, under this Guaranty, and each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing.

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