Common use of Restoration Deposit Clause in Contracts

Restoration Deposit. Licensee shall post a restoration deposit in the amount stated in Section 9.2 or other applicable section of any applicable Site License to assure restoration of the Site when Licensee vacates the Premises. Restoration deposit shall be in the form of a cashier’s check or other guaranteed form of payment or performance bond. No interest shall be paid on this deposit.

Appears in 4 contracts

Samples: Master License Agreement, Master License Agreement, Master License Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!