S ecurity Deposit. If the Guest opts out of the Property Damage Protection coverage in Section 3, then simultaneously with Guest signing this Agreement, or prior to check-in, Guest shall deliver to Agent the Security Deposit in the amount of $3,000.00 in the form of a personal check, cashier’s check or wire transfer. Agent shall not be obligated to pay interest on any portion of the Security Deposit. Agent shall hold the Security Deposit for the full and timely performance by Guest of Guest’s obligations under this Agreement, including, without limitation, payment of any Rent, telephone or television charges, repairs to the Property before or after departure, and any other charges payable by Guest under this Agreement. The Security Deposit shall be returned to Guest within thirty (30) business days after departure, less any deduction(s), together with an invoice of all deductions.
S ecurity Deposit. Tenant shall pay to Landlord a "Security Deposit" in the amount of XXXXXXX upon the execution of this Lease. The Security Deposit shall be held by Landlord, without liability for interest and as security for the performance by Tenant of Tenant's covenants and obligations under this Lease, it being expressly understood that the Security Deposit shall not be considered an advance payment of rental or a measure of Landlord's damages in case of default by Tenant. Landlord may commingle the Security Deposit with Landlord' s other funds. Landlord may, from time to time, without prejudice to any other remedy, use the Security Deposit to the extent necessary to make good any arrearages of rent or to satisfy any other covenant or obligation of Tenant hereunder. Following any such application of the Security Deposit, Tenant shall pay to Landlord on demand the amount so applied in order to restore the Security Deposit to its original amount. If Tenant is not in default at the Termination of this Lease, the balance of the Security Deposit remaining after any such application shall be returned by Landlord to Tenant. If Landlord transfers its interest in the Premises during the Term of this Lease, Landlord may assign the Security Deposit to the transferee and thereafter shall have no further liability for the return of such Security Deposit. Under no circumstances may Tenant use this deposit to pay rent, including rent for the last month of this lease. The rent must be paid on or before the tenth day of each month, including the last month of occupancy.
S ecurity Deposit. Tenant on execution hereof, has paid to the APCHA $ 1,250.00 fee as a damage/security deposit for the faithful performance of the terms, conditions and obligations hereof, equal to one month’s rent due at lease signing. Security deposits shall not be considered as pre-payment of any rent or for payment of a last month's rent. This sum represents a security deposit as defined and described under the security deposit laws of the State of Colorado and may be co-mingled by the APCHA with other funds to the extent allowed by law and shall not be construed as being held in trust for Tenant. Proceeds from this deposit may be used to pay any amounts due to Landlord from Tenant by reason of Tenants' failure to perform any of the covenants or conditions contained herein. No interest shall be paid to Tenant on the security deposit. Upon the expiration or sooner termination hereof, the APCHA may apply this deposit toward unpaid rent, damages, cleaning, replacement, or other expenses or obligations of or chargeable to Tenant hereunder. This security deposit may also be applied to any unpaid miscellaneous fees due from the Tenant when incurred, including late charges. In the event that cause exists for retaining any portion of the security deposit, the APCHA shall, not later than 60 days after the expiration or sooner termination hereof, provide the Tenant with payment of the unused portion of this deposit and an accounting of deductions. Said sixty (60) day notice shall be deemed given upon check being made available for pickup at the APCHA office located at 00 Xxxxxxxx Xx, Aspen, CO or by being shipped via prepaid trackable label provided to management by the tenant. This security deposit shall not be construed as liquidated damages and shall not impair or alter remedies otherwise available to the APCHA hereunder, or at law or in equity, including the right to proceed against the Tenant for rent, damages or expenses not adequately covered by the security deposit. In the event Tenant unlawfully attempts to terminate this lease or abandons the Premises, the APCHA shall be entitled to retain the entire security deposit.
S ecurity Deposit. Upon execution of this lease, Lessee agrees to deposit with Lessor, the sum of $ . This deposit shall be non-interest bearing and is to be held by Lessor as security for the full and faithful performance of the terms and conditions of this lease. This security deposit is not an advance rental and Lessee may not deduct portion of the deposit from rent due to Lessor. This security deposit is not to be considered liquidated damages. In the event of forfeiture of the security deposit due to Lessee's failure to fully and faithfully perform all of the terms and conditions of this lease, Lessor retains all of his other rights and remedies. Lessee does not have the right to cancel this lease and avoid his obligations hereunder by forfeiting said security deposit. Deductions will be made from the security deposit to reimburse Lessor for the cost of repairing any damage to the premises or equipment or the cost of replacing any of the articles or equipment that may be damaged beyond repair, lost or missing at the termination of this lease. Deductions will also be made to cover any unpaid amounts owed to Lessor for any damage, loss, or charges occurring prior to termination of this lease and for which Lessee is responsible. In the event that damages or other charges exceed the amount of the security deposit, Lessee agrees to pay all expenses and cost to Lessor. In the event there has been a forfeiture of the security deposit, excess charges shall be paid in addition to the amount of the said security deposit. Should there be any damage to the leased premises or equipment therein, reasonable wear and tear excepted, caused by Lessee, his family, guest or Agents, Lessee agrees to pay Lessor when billed the full amount necessary to repair or replace the damaged premises or equipment. This includes but is not limited to garbage disposal, plumbing problems due to improper usage, also water problems due to improper bath/shower usage. Not withstanding any other provisions expressed or implied herein, it is specifically understood and agreed that the entire security deposit aforesaid shall be automatically forfeited should Lessee vacate or abandon premises before the expiration of this lease, except where such abandonment occurs during the last month of the term of this lease, and Lessee has paid all rent covering the entire term and either party has given the other timely written notice that his lease will not be renewed under its automatic renewal provisions. Forfeiture of t...
S ecurity Deposit. The Successful vendor shall execute Security Deposit [SD] for 10% of the value of the Purchase Order/Contract towards satisfactory execution of the Purchase Order/Contract. The Security Deposit shall be executed through Demand Draft/Bankers Cheque/Fixed Deposit Receipts or Bank Guarantee issued by a Nationalized Bank/Scheduled Bank valid till the Purchase Order/Contract is completely executed. The BG shall be executed on a Non-judicial stamp paper of appropriate value as per our specimen. In case the vendor fails to furnish the Security Deposit within 20 days after the receipt of PO or on signing of the Contract or any extension thereof, the Purchase Order/ Contract shall be cancelled or terminated. The EMD if any executed shall be forfeited and appropriate penal action shall be initiated. The Security Deposit will not carry any interest and shall be returned after completion of all the obligations of the Contract. Central Public Sector Undertakings [PSUs]/Public Sector Enterprises [PSEs]/Autonomous Bodies are exempted from payment of Security Deposit [SD], and instead, an Indemnity Bond shall be executed in lieu of SD.
S ecurity Deposit. 1.1. When a tender is to be accepted, the tenderer whose tender is under consideration shall attend the office on a date fixed by written intimation to him. If the tenderer fails to attend the office before the specified date, his tender will not be considered. He shall forthwith upon intimation being given to him of acceptance of his tender by the TANTRANSCO must furnish Security Deposit for an amount equal to 5% of the contract value (including the EMD already paid) by cash only. The Security Deposit shall be paid within 15 days from the date of receipt of acceptance letter. If the tenderer fails to pay the Security Deposit within stipulated period, the acceptance letter is liable to be cancelled together with forfeiture of E.M.D. or liable to pay interest on the Security Deposit value to TANTRANSCO at the rate of highest interest being paid by TANTRANSCO while availing loan. Now the rate of interest is 22%. Bank Guarantee / National Savings Certificate and National Plan Certificate will not be accepted.
S ecurity Deposit. Tenant shall also pay Landlord as a deposit, the sum of $ upon the execution of this lease to be held by Landlord/Agent for the performance of the lease.
S ecurity Deposit. Tenant has paid to Landlord the Security Deposit, which shall be held by Landlord to secure Tenant’s performance of its obligations under this Lease. Until the commencement of the Deposit Draw Period, Security Deposit is not an advance payment of Rent or a measure or limit of Landlord’s damages upon an Event of Default (as defined herein). Landlord may, from time to time following an Event of Default and without prejudice to any other remedy, use all or a part of the Security Deposit to perform any obligation Tenant fails to perform hereunder. Following any such application of the Security Deposit, Tenant shall pay to Landlord on demand the amount so applied in order to restore the Security Deposit to its original amount. During the Drawdown Period, Tenant shall not be required to restore the portion of the Security Deposit applied to Basic Rent in accordance with Section 4(a), however, any application of the Security Deposit as provided in this Section for any other purpose, the Tenant shall be required to restore that sum on demand so as to restore the Security Deposit to its original amount. Provided that Tenant has performed all of its obligations hereunder, Landlord shall, within thirty
S ecurity Deposit. Lessee must post a required security deposit in the amount of $ USD upon execution of this agreement, to secure performance of this agreement, and may be applied to cover any unpaid expenses, to repair damage, or for other charges of Lessee or its agents owed to Lessor or HVMI. Any unused security deposit shall be returned to the Lessee within 30 days of the end of the Term, or after termination, after payment to Lessor of all rents and charges owed.
S ecurity Deposit. The then applicable Use Contract(s) shall govern TEATRO DALLAS’s obligation for any security deposit, as may be required by the Director during the Term. TEATRO DALLAS, acknowledges that due to TEATRO DALLAS being elevated as a resident company user at the LCC, the City is heavily reliant on TEATRO DALLAS commitment to perform as required under this Agreement, subject to the then applicable Use Contract(s); thus, TEATRO DALLAS agrees that any TEATRO DALLAS performance cancellations noticed to City within 120 days of the scheduled performance date may result in forfeiture of any security deposit in favor of the City.
