REFUNDABLE DEPOSITS Sample Clauses
The 'Refundable Deposits' clause establishes the requirement for one party to provide a deposit that will be returned under specified conditions. Typically, this deposit is held as security for the performance of certain obligations, such as the return of property in good condition or fulfillment of contractual terms. For example, in a rental agreement, a tenant may pay a refundable deposit to cover potential damages or unpaid rent, which is returned if the property is left in satisfactory condition. The core function of this clause is to protect the interests of the party receiving the deposit by providing a financial safeguard, while also assuring the paying party that the funds will be returned if all conditions are met.
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REFUNDABLE DEPOSITS. The full amount of any refundable deposits (and interest thereon if required by law) for the return of which Purchaser or any subsequent owner of the Property could be held accountable or responsible on or after the Closing Date will, at Closing, be paid or credited to Purchaser by Seller and assumed by Purchaser.
REFUNDABLE DEPOSITS. Refundable deposits will be held in Manager ’s Trust Account. Manager shall return the refundable deposits to Tenant within the time period provided for by ARLTA. If the Premises are delivered to Manager in a manner unlike the original good condition and are unclean, damaged or are in unacceptable condition, Manager shall be entitled to retain all or a portion of the refundable deposits and hold Tenant liable for charges.
REFUNDABLE DEPOSITS. LANDLORD acknowledges receipt from TENANT of a refundable security deposit in the amount of $ 40.00 , from which LANDLORD may claim an amount reasonably necessary to repair damages to the Space caused by TENANT, excluding ordinary wear and tear, and to remedy TENANT defaults under this Agreement. In accordance with Oregon Laws, LANDLORD will refund the unused balance of the deposit, if any, together with an accounting, within 31 days of termination of the tenancy and return of possession.
REFUNDABLE DEPOSITS. To the extent there exists any refundable deposits made in connection with the development of the Property prior to the Closing ("Refundable Deposits"), Seller shall assign to Buyer all of Seller's right, title and interest in and to such Refundable Deposits.
REFUNDABLE DEPOSITS. SECURITY DEPOSIT: $0.00 TOTAL OF PET DEPOSITS: $ ADDITIONAL DEPOSIT: Many describe below) $ TOTAL OF ALL DEPOSITS: $0.00 Name and Address of Financial institution Where Deposits Are Held: Wachovia
REFUNDABLE DEPOSITS. The Seller has made certain deposits to secure liabilities of the Seller for leases, utilities, and telecommunications circuit agreements to be assumed by the Buyer under this Agreement from which no deductions would be made were the Seller to complete the terms of such leases, utilities, and telecommunication circuit agreements and request reimbursement from the holders of such deposits (the "Refundable Deposits"), which amount to a total sum equal to or greater than $18,330.
REFUNDABLE DEPOSITS a. Client shall deposit with Center $ as a non-interest bearing refundable default deposit. Center may use the refundable default deposit to cure any default of Client under this Agreement, to restore the Premises, including any and all furniture, fixtures and equipment, provided by Center to its original condition and configuration, reasonable wear and tear excepted, to pay for repairs to any damage to the Premises, Facility and/or Building, caused by Client or Client’s guests, or to pay any Monthly Office Charge or other charges that Client owes Center at or prior to the expiration of the Term of this Agreement.
b. The refundable default deposit (less any sums used by Center in accordance with the terms and condi- tions of this Agreement) shall be returned within sixty (60) days after the termination of any services rendered or expiration of the Term. Client may not direct or request that the refundable default deposit be applied in lieu of the final payment(s) of Monthly Office Charge or service charges under this Agreement.
c. In the event that Center applies any of the refundable default deposit pursuant to this Agreement, Center shall have the right to charge the Client, and Client shall pay, in addition to any Monthly Office Charge, such sums as are necessary to cause the refundable default deposit to be returned to its entire original amount.
d. Client has previously deposited with Center $150 as a non-interest bearing telecommunication deposit to secure the use and return in good condition of the telephone(s) identified on the telephone schedule attached hereto. Center acknowledges that Client has paid this deposit. This telecommunication deposit shall be returned to Client upon expiration of this lease and the return of said telephone(s) to Center in its/their original condition, reasonable wear and tear excepted.
REFUNDABLE DEPOSITS. Every person that pays charges for water service in the CCID system shall, prior to being connected or reconnected to the water mains of CCID, pay a refundable deposit to CCID as currently established or as hereafter adopted by CCID. Refund is available when a customer transfers service to another.
REFUNDABLE DEPOSITS. To the extent there exists any refundable deposits made in connection with the development of the Property prior to the Closing including without limitation all bonds posted by Seller with the City of Oceanside, California to secure Seller's obligations as developer of the Real Property ("Refundable Deposits"), Seller shall assign to Buyer all of Seller's right, title and interest in and to such Refundable Deposits.
REFUNDABLE DEPOSITS. Seller shall be entitled to the refund of any existing utility security deposits or deposits on account with any municipality having jurisdiction over the Property that are refundable.