Common use of Non-Refundable Deposit Clause in Contracts

Non-Refundable Deposit. A non-refundable deposit in the amount set forth above is payable to the Venue upon execution of this Agreement. Such deposit shall be credited to the Fee. Licensee shall not be entitled to the payment of any interest on the deposit. This deposit is non-refundable without regard to whether Licensee uses the Facility, unless such non-use is due to an Event of Force Majeure or due to a termination of this Agreement by Licensee under Section 8.

Appears in 5 contracts

Samples: License Agreement, License Agreement, License Agreement

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