Retainer/Deposit Clause Samples

A Retainer/Deposit clause establishes the requirement for the client to pay an upfront sum before services commence. This payment is typically held by the service provider and may be applied toward future invoices or held as security against non-payment or cancellation. By requiring a retainer or deposit, the clause ensures the provider is compensated for reserving time or resources and reduces the risk of financial loss if the client fails to follow through with the agreement.
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Retainer/Deposit. Client shall, at the commencement of this Agreement, deposit with Rivet a retainer in the amount of Dollars ($ ) (the “Retainer Deposit”). Such Retainer Deposit shall be held by Rivet and may be applied, at its option, against any unpaid Fees or Costs which are the responsibility of Client under this Agreement. Rivet reserves the right to require additional Retainer Deposits from Client, based on the scope of Rivet’s Services for Client at any particular time. Any unused portion of the Retainer Deposit shall be refunded to Client within thirty (30) days after Termination of this Agreement.
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Retainer/Deposit. For Office customers, retainers are calculated at least two-times the highest agreed monthly fee during the term, unless otherwise agreed in writing. For Virtual Office and Co-Working customers, retainers are calculated at least one-time the highest agreed monthly fee during the term, unless otherwise agreed in writing. Top-up retainers are charged automatically to meet the minimum amount for each product which is calculated upon renewal or when moving to a different office. For security, We will only return retainers/ deposits via bank transfer or ACH, which may request via your online account.
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Related to Retainer/Deposit

  • Retainer Fee This Agreement shall have ☐ no retainer fee ☐ a non-refundable retainer fee in the amount of $_ to obtain the Agency’s services under this Agreement (“Retainer Fee”). If a Commission is paid the Retainer Fee shall be deducted from the total Commission amount. The Commission is due and payable at closing by the Buyer. The amount or rate of real estate commissions is not fixed by law. The commission is set by each Broker individually and may be negotiable between the Buyer and the Broker.

  • Settlement Fund All payments under this Section IV shall be made into the Settlement Fund, except that, where specified, they shall be made into the Settlement Fund Escrow. The Settlement Fund shall be allocated and used only as specified in Section V.

  • Retainer 1.1.1. County does hereby retain A-E to perform the Projects/Services as required by this Contract. 1.1.2. A-E has offered, and County has accepted, the professional services of ▇▇▇▇▇ ▇▇▇▇▇, P.E., and A-E shall assign him/her to the Projects/Services. 1.1.3. A-E may employ special consultants/contractors for the accomplishment of the Projects/Services specified; and only the firms or independent consultants/contractors identified in Attachment C may be employed by A-E to provide these Projects/Services. 1.1.4. Consultants/contractors may be substituted and/or added by mutual Contract of A-E and the Director, County of Orange, OC Public Works or his designee, hereinafter referred to as 1.1.5. A-E's employment of independent consultants/contractors shall not relieve A-E from the performance of its own responsibilities pursuant to this Contract. However, all consultants/contractors independently contracting with County shall be independently liable to County for the performance of the work pursuant to their agreements, and A-E shall have no liability for work by contractors independently contracting with County.

  • Additional Escrow Amounts On the date of any Purchase Withdrawal, the Pass Through Trustee may re-deposit with the Depositary some or all of the amounts so withdrawn in accordance with Section 2.4 of the Deposit Agreement.

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.