Indemnification Deposit Sample Clauses

Indemnification Deposit. Tenant has deposited with Landlord the sum of $_ _ as an indemnification deposit which shall not be used by Tenant for any rent due. Indemnification deposit will be utilized as a fund for cleaning and repairing damages to the Demised Premises incurred since the lease Effective Date, excepting normal wear and tear. Within forty five days after Tenant vacates the Demised Premises, Landlord will refund the unused portion of the indemnification deposit by mail. The indemnification deposit is held in Cumberland Valley National Bank #4062388 and Republic Bank #45344671.
Sample 1See All (4)
AutoNDA by SimpleDocs
Indemnification Deposit. Tenant has deposited with Landlord the sum of $ _ as an indemnification deposit which shall not be used by Tenant for any rent due. Indemnification deposit will be utilized as a fund for cleaning and repairing damages to the Demised Premises incurred since the lease Effective Date, excepting normal wear and tear. Within forty five days after Tenant vacates the Demised Premises, Landlord will refund the unused portion of the indemnification deposit by mail. The indemnification deposit is held in Community Trust Bank acct #4003027168 and acct # 0000000000.
Sample 1
Indemnification Deposit. Landlord acknowledges receipt of one thousand three hundred fifty dollars ($1,350), as a deposit to indemnify Landlord against damage to the Property and furnishings and for Tenant’s fulfillment of the conditions of this agreement. Deposit will be returned to Tenant no later than twenty-one (21) days after the residence is vacated provided: • Lease term has expired or agreement has been terminated by both parties; and • All monies due Landlord by Tenant have been paid; and • Residence is not damaged and is left in its original condition, normal wear and tear expected, and • Landlord is in receipt of copy of paid final bills on all utilities (includes gas, electric, cable and telephone). • Deposit may be applied by Landlord to satisfy all or part of Tenant’s obligations and such act shall not prevent Landlord from claiming damages in excess of the deposit. Tenant may NOT apply the deposit to any of the rent payment. • Tenant has provided Landlord with Xxxxxx’s new address.
Sample 1
Indemnification Deposit. Landlord requires the receipt of $*DEPOSIT AMOUNT* held by the property owner, as a deposit to indemnify damages to the property and for resident’s fulfillment of the conditions of this agreement. Deposit may be returned to Resident less cleaning charges, 30 days after the date of lease expiration if:
Sample 1
Indemnification Deposit. Management acknowledges receipt of dollars ($ ), as a deposit to indemnify owner against damage to the property and Resident’s fulfillment of the conditions of this agreement, PLEASE NOTE: Security checks need to be made payable to Xxxxxxxxx & Associates as AGENT for the owner. NOTE: Xxxxxxxxx & Associates is only the AGENT for the owner, therefore all security deposits will be transferred to the owner, it is the owners responsibility to refund the security deposit and Xxxxxxxxx & Associates takes no responsibility and shall incur No liability for any issue arising between Owner and tenant with regards to the return of the security deposit. Deposit will be returned to Resident less $100.00 for normal wear & tear to the apartment directly by the owner. Tenant must comply with the rules of the final move-out inspection form & its potential charges. Deposit will be returned less any deductions with in thirty days after residence is vacated if:
Sample 1
Indemnification Deposit. Tenant has deposited with Landlord the sum of $_ _ as an indemnification deposit which shall not be used by Tenant for any rent due. Indemnification deposit will be utilized as a fund for cleaning and repairing damages to the Demised Premises incurred since the lease Effective Date, excepting normal wear and tear. Within forty-five days after Tenant vacates the Demised Premises, Landlord will refund the unused portion of the indemnification deposit by mail. The indemnification deposit is held in Main Street Local Bank in account XXXXXX.
Sample 1

Related to Indemnification Deposit

  • Indemnification and Contribution (a) The Company agrees to indemnify and hold harmless each Underwriter, the directors, officers, employees and agents of each Underwriter, each person who controls any Underwriter within the meaning of either the Act or the Exchange Act and each affiliate of each Underwriter against any and all losses, claims, damages or liabilities, joint or several, to which they or any of them may become subject under the Act, the Exchange Act or other Federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement for the registration of the Securities as originally filed or in any amendment thereof, or in any Preliminary Prospectus, the Statutory Prospectus, the Prospectus, any “roadshow” as defined in Section 433(h) of the Act or any Written Testing-the-Waters Communication or in any amendment thereof or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and agrees to reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability, action, litigation, investigation or proceeding whatsoever (whether or not such indemnified party is a party thereto), whether threatened or commenced, and in connection with the enforcement of this provision with respect to any of the above as such expenses are incurred; provided, however, that the Company will not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon any such untrue statement or alleged untrue statement or omission or alleged omission made therein in reliance upon and in conformity with written information furnished to the Company by or on behalf of any Underwriter through the Representative specifically for inclusion therein, it being understood and agreed that the only such information furnished by any Underwriter consists of the information described in the last sentence of Section 8(b) hereof. This indemnity agreement will be in addition to any liability that the Company may otherwise have.

  • Indemnification Process 20.2.1 As used in this Section 20, “Indemnified Person” means a person whom an Indemnifying Party is obligated to indemnify, defend and/or hold harmless under Section 20.1.

  • Indemnification Procedures If any third-­‐party claim is commenced that is indemnified under Section 7.1 above, ICANN shall provide notice thereof to Registry Operator as promptly as practicable. Registry Operator shall be entitled, if it so elects, in a notice promptly delivered to ICANN, to immediately take control of the defense and investigation of such claim and to employ and engage attorneys reasonably acceptable to ICANN to handle and defend the same, at Registry Operator’s sole cost and expense, provided that in all events ICANN will be entitled to control at its sole cost and expense the litigation of issues concerning the validity or interpretation of ICANN’s policies, Bylaws or conduct. ICANN shall cooperate, at Registry Operator’s cost and expense, in all reasonable respects with Registry Operator and its attorneys in the investigation, trial, and defense of such claim and any appeal arising therefrom, and may, at its own cost and expense, participate, through its attorneys or otherwise, in such investigation, trial and defense of such claim and any appeal arising therefrom. No settlement of a claim that involves a remedy affecting ICANN other than the payment of money in an amount that is fully indemnified by Registry Operator will be entered into without the consent of ICANN. If Registry Operator does not assume full control over the defense of a claim subject to such defense in accordance with this Section 7.2, ICANN will have the right to defend the claim in such manner as it may deem appropriate, at the cost and expense of Registry Operator and Registry Operator shall cooperate in such defense. [Note: This Section 7.2 is inapplicable to intergovernmental organizations or governmental entities.]

  • Indemnification Procedure Any person obligated to provide indemnification under this Article VIII ("Indemnifying Party" for the purpose of this Section 8.3) will not be liable under the indemnification provisions of this Article VIII with respect to any claim made against a party entitled to indemnification under this Article VIII ("Indemnified Party" for the purpose of this Section 8.3) unless such Indemnified Party will have notified the Indemnifying Party in writing within a reasonable time after the summons or other first legal process giving information of the nature of the claim will have been served upon such Indemnified Party (or after such party will have received notice of such service on any designated agent), but failure to notify the Indemnifying Party of any such claim will not relieve the Indemnifying Party from any liability which it may have to the Indemnified Party against whom such action is brought otherwise than on account of the indemnification provision of this Article VIII, except to the extent that the failure to notify results in the failure of actual notice to the Indemnifying Party and such Indemnifying Party is damaged solely as a result of failure to give such notice. In case any such action is brought against the Indemnified Party, the Indemnifying Party will be entitled to participate, at its own expense, in the defense thereof. The Indemnifying Party also will be entitled to assume the defense thereof, with counsel satisfactory to the party named in the action. After notice from the Indemnifying Party to the Indemnified Party of the Indemnifying Party's election to assume the defense thereof, the Indemnified Party will bear the fees and expenses of any additional counsel retained by it, and the Indemnifying Party will not be liable to such party under this Agreement for any legal or other expenses subsequently incurred by such party independently in connection with the defense thereof other than reasonable costs of investigation, unless: (a) the Indemnifying Party and the Indemnified Party will have mutually agreed to the retention of such counsel; or (b) the named parties to any such proceeding (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. The Indemnifying Party will not be liable for any settlement of any proceeding effected without its written consent but if settled with such consent or if there is a final judgment for the plaintiff, the Indemnifying Party agrees to indemnify the Indemnified Party from and against any loss or liability by reason of such settlement or judgment. A successor by law of the parties to this Agreement will be entitled to the benefits of the indemnification contained in this Article VIII. The indemnification provisions contained in this Article VIII will survive any termination of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.