Pay Deposit Clause Samples
The 'Pay Deposit' clause requires one party, typically the buyer or lessee, to provide a specified sum of money as a deposit to the other party at the outset of an agreement. This deposit is usually paid upfront or within a set timeframe and may be held as security against non-performance or to reserve goods or services. The core function of this clause is to demonstrate the payer's commitment to the transaction and to protect the recipient against potential losses if the agreement is not fulfilled.
Pay Deposit. Nurses shall be paid every other Thursday via Direct Deposit and provided a paper copy of the pay statement. The Employer may provide Nurses secure access to an electronic copy of the pay statement instead of providing a paper copy.
Pay Deposit. 1. On or before the date of this Agreement and before taking occupation of the Property the Tenant will pay the Deposit to the Landlord, to be held in accordance with section D of this Agreement.
Pay Deposit. (a) On signing this agreement, the Assignee must pay the Deposit to Macquarie Bank Limited by bank cheque which must forthwith be placed into a Deposit Account in the joint names of the Assignee and the Assignor.
(b) The Deposit must be dealt with in accordance with this Clause 3.
Pay Deposit. 22.01 Employees will have their pay cheques paid by direct deposit. If a manual cheque is required due to a correction to the direct deposit in an amount greater than $50, the Employer will issue the cheque directly to the employee’s home within two (2) business days following notification to the Employer of the error.