Common use of Management of the Deposit Clause in Contracts

Management of the Deposit. 5.1 The deposit guarantees the tenant to properly and punctually pay the rent and perform other obligations regulated by Contract for Finance Lease. When the tenant strictly performs obligations according to Contract for Finance Lease or even though he breaks the contract, his actions are corrected and approved by Party A, Party A returns back the deposit in full amount to Party B and the deposit does not count interests within (five) working days after the lease term stated by Contract for Finance Lease is over.

Appears in 4 contracts

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

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