INSURANCE AND SECURITY DEPOSIT Sample Clauses

INSURANCE AND SECURITY DEPOSIT. 9.1 The Company insures the boat and its equipment against physical loss and damage and against public liability risks. You are entitled to any protection that may be afforded by the Company’s insurance policy (subject to Your paying any applicable policy excess) but You and members of Your party may become legally liable to the Company or to third parties for loss or damage caused or contributed to by Your acts, omissions or negligence.
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INSURANCE AND SECURITY DEPOSIT. The Company insures the boat and its equipment against physical loss and damage and against public liability risks. You are entitled to any protection that may be afforded by the Company's insurance policy (subject to your paying any applicable policy excess) but You and members of Your party may become legally liable to the Company or to third parties for loss or damage caused or contributed to by your acts, omissions or negligence. Without prejudice to the generality of the foregoing this would include items referred to below being special exclusions to the insurance cover and any breach of the by-laws and navigational limits or the instructions and advice of The Canal and River Trust. The Company's insurance policy does not cover your personal belongings and does not cover the first £500 of any claim. The security deposit of £200 per day hire is intended to cover part of the Company's policy excess and any uninsured risks or other sums due to the Company under the Hire Agreement. It is not the limit of your potential liability to the Company. The Company may apply the whole or any part of the security deposit to payment of any claim which the Company may have against you. Otherwise the Company shall promptly refund the security deposit, (by the same method as your booking payment), as soon as the Company is satisfied that no loss, damage or accident has occurred and that no other sums are due to the Company from You. Special exclusions to the insurance cover for which you are solely responsible: • Speeding (reported to or witnessed by Canal and River Trust). • Malicious, negligent or intentional damage to the boat, its equipment, other boats, the waterway structures. • Damage to the rudder, propeller etc. due to grounding in reverse or cill damage in locks (You are not allowed to navigate through locks at any time; this is a licence restriction for day hire boats). • Late return of the boat • Return of the boat in a very dirty and unacceptable condition.
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INSURANCE AND SECURITY DEPOSIT. 8.1 The company insures the craft and its equipment against physical loss and damage and against public liability risks. You are entitled to any protection that may be afforded by the company’s insurance policy (subject to your paying any applicable policy excess) but you and members of your party may become legally liable to the company or to third parties for loss or damage caused or contributed to by your acts, omissions or negligence.
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INSURANCE AND SECURITY DEPOSIT. 9.1 The company insures the boat and its equipment against physical loss and damage and against public liability
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INSURANCE AND SECURITY DEPOSIT. 10. A full­scale Casco insurance is provided for a camper within the lease and only for the rental period.
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INSURANCE AND SECURITY DEPOSIT. We operate within UK laws that include compulsory and statutory insurance against accident and third party liability. Personal insurance against injury, item theft, loss, or any other such event is not included and it is highly recommended that you take out your own Travel Insurance in accordance with good standard travel procedures. The Company insures the boat against physical loss; damage; and against public liability risks. You are entitled to any protection that may be afforded by the Company’s insurance policy (subject to your paying any applicable policy excess £500) but you and members of your party may become legally liable to the Company or to third parties, for loss or damage caused or contributed to by your acts, omissions or negligence. The Company’s insurance policy does not cover personal accidents or Your personal belongings and excludes and does not cover the first £500 of any claim. The security deposit of £150 is intended to cover the Company's policy excess and any uninsured risks or other sums, due to the Company under the Hire Agreement. It is not the limit of your potential liability to the Company. The Company may apply the whole or any part of the security deposit to payment of any claim which the Company may have against you. Otherwise the Company shall promptly refund the security deposit in cash as soon as the Company is satisfied that no loss, damage or accident has occurred and that no other sums are due to the Company from You.
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INSURANCE AND SECURITY DEPOSIT. The Company insures the boat and its equipment against physical loss and damage and against public liability risks. You are entitled to any protection that may be afforded by the Company’s insurance policy (subject to your paying any applicable policy excess) but you and members of your party may become legally liable to the Company or to third parties for loss or damage caused or contributed to by your acts, omissions or negligence. The Company’s insurance policy does not cover personal accidents or Your personal belongings. Hirers and their crews are advised to take out their own personal insurance cover. You will indemnify the Company against all costs, damage, expenses, liability and claims howsoever arising from the negligence, neglect or default of You to the extent that they are not covered by the Company’s policy. You would be liable for the excess of £250 for each claim.
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INSURANCE AND SECURITY DEPOSIT. Insurance:
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INSURANCE AND SECURITY DEPOSIT. The Company insures the boat, equipment and against public liability risks. The policy does not cover personal accident or the Hirers personal belongings and the Hirer is advised to make their own insurance arrangements. The Company's policy excludes damage arising from speeding, sill damage, rudder, xxxxx gear, malicious or intentional damage, other vessels and their equipment, the waterway, late return of the boat and return of the boat in unclean condition. The Hirer will indemnify the Company from and against all costs, damage, expenses, liability and claims howsoever arising from the negligence, neglect or default of the Hirer to the extent that they are not covered by the Company's policy. The Hirer will pay a £200 returnable security deposit by card, which deductions will be made against in the event of any of the above arising; the remainder of security deposit (if any) will be refunded by post, in due course after the end date of the hire period.
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Related to INSURANCE AND SECURITY DEPOSIT

  • SECURITY DEPOSIT Upon execution of this Lease, Tenant shall deposit with Landlord the amount of the Security Deposit specified on [Page One], of this Lease. The Security Deposit will be returned to Tenant without interest upon the expiration of the Term of the Lease, provided that Xxxxxx has paid all amounts due under this Lease and has otherwise performed all obligations hereunder. In the event that Tenant defaults under any provision of this Lease, and after the expiration of any applicable cure period, Landlord may apply all, or any part of the Security Deposit to amounts owed by Tenant. In the event Landlord elects to apply the Security Deposit as provided for above, Tenant shall promptly restore such Security Deposit to the original amount. Landlord may, at its discretion, commingle such funds with its other funds, Upon any sale or other conveyance of the Building, Landlord may transfer the Security Deposit (or any amount of the Security Deposit remaining) to a successor/owner, and Xxxxxx agrees to look solely at the successor/owner for repayment of the same. Notwithstanding anything to the contrary in the paragraph above, in lieu of a cash Security Deposit, Tenant may deliver the Security Deposit in the form of an unconditional, clean, irrevocable standby letter of credit, in a form acceptable to Landlord, and issued by a bank reasonably acceptable to Landlord (the “Letter of Credit”) as security, provided the Letter of Credit shall be delivered to Landlord with executed copies of this Lease. The Letter of Credit shall (i) be unconditional, irrevocable, transferable, payable to Tenant upon presentment of original to the issuer in person or by courier, in partial or full draws, and (ii) contain an “evergreen” provision which provides that it is automatically renewed on an annual basis (subject to the permitted date of termination set forth below) unless the issuer delivers thirty (30) days’ prior written notice of cancellation to Landlord and Tenant. Without limiting any of Landlord’s rights or remedies hereunder, if the bank issuing the Letter of Credit provides Landlord with a cancellation notice, Landlord may immediately draw upon all or any part of the Letter of Credit and Tenant shall provide Landlord with an additional irrevocable stand-by letter of credit as provided below. Any and all fees or costs charged by the issuer in connection with the Letter of Credit shall be paid by Xxxxxx. The irrevocable stand-by Letter of Credit shall remain effective through the date that is sixty (60) days following the expiration date this Lease. If Tenant defaults with respect to any provision of this Lease beyond applicable notice and cure periods, including but not limited to the provisions relating to the payment of Rent, Landlord may draw upon all or any part of Tenant’s Letter of Credit. If any portion of the Security Deposit is so used, applied, or retained, Tenant will within ten (10) days after written demand from Landlord, provide to Landlord an additional irrevocable, stand-by letter of credit, which shall be in form and substance satisfactory to Landlord, issued by a bank reasonably acceptable to Landlord, in an amount sufficient to restore the Security Deposit to its required amount pursuant to this Section 8. Tenant’s failure to replenish the Security Deposit shall constitute a failure to pay Additional Rent and Tenant shall have ten (10) days from the date of notice to cure such default.

  • 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) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

  • 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.”

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