Common use of Security/Damage Deposit Clause in Contracts

Security/Damage Deposit. We require a security/damage deposit on the day of rental. Deposits can be made by Visa, MasterCard, American Express, Discover, cash or check. Deposits made in cash will be refunded with a check and sent by mail. Charter Party authorizes New Melones Lake Marina to charge Charter Party’s credit card for the full amount of the security deposit along with any other costs incurred by the Charter Party in accordance with the terms hereof. The security deposit shall be held by the Company as security for Charter Party failing to return the Houseboat on time, in as good of condition, ordinary wear and tear excluded, as when received, for reimbursement of property or articles damaged, missing or broken, and for reimbursement for such consumable items as may have been used and not paid for by Charter Party. Company may, without prejudice to any other remedy, apply the security deposit against any expenses, damages, claims and liabilities arising from or related to Charter Party and guests of Charter Party’s use, operation, or possession of the Houseboat. Any unused portion of the security deposit will be returned after completion of rental period and review of Houseboat by the Company. In the case of losses where the cost is not immediately ascertainable, the security deposit shall be retained, and any portion of the security deposit not used by the Company shall be returned to the Charter Party within sixty days after termination of this Agreement. The foregoing shall not limit the Company’s ability to seek damages in excess of the security deposit, it being agreed that the Charter Party shall be responsible for any and all losses whether or not covered by the security deposit. If there is damage to the Vessel, cost of repair will be deducted from the deposit. If repairs exceed deposit amount, Charter Party is responsible for all costs. Repair costs exceeding deposit amount may be charged to credit card used to secure Vessel rental. X THE CHARTER PARTY IS FULLY RESPONSIBLE FOR THE PROPELLER. Charter Party is responsible for verifying that the propeller is in good condition prior to the Vessel leaving the dock and verifying that the propeller did not experience any damage when the Vessel is returned.

Security/Damage Deposit. We require a security/damage Upon the due execution of this Agreement, Tenant shall deposit on with Landlord the day sum of rental. Deposits can be made ____________________________ DOLLARS ($__,____.00), receipt of which is hereby acknowledged by VisaLandlord, MasterCard, American Express, Discover, cash or check. Deposits made in cash will be refunded with a check and sent by mail. Charter Party authorizes New Melones Lake Marina to charge Charter Party’s credit card for the full amount of the security deposit along with any other costs incurred by the Charter Party in accordance with the terms hereof. The security deposit shall be held by the Company as security for Charter Party failing any damage caused to return the Houseboat on time, in as good of condition, ordinary wear and tear excluded, as when received, for reimbursement of property or articles damaged, missing or broken, and for reimbursement for such consumable items as may have been used and not paid for by Charter PartyPremises during the term hereof. Company may, without prejudice to any other remedy, apply the security Such deposit against any expenses, damages, claims and liabilities arising from or related to Charter Party and guests of Charter Party’s use, operation, or possession of the Houseboat. Any unused portion of the security deposit will be returned after completion of rental period and review of Houseboat by the Company. In the case of losses where the cost is not immediately ascertainable, the security deposit shall be retained, and any portion of the security deposit not used by the Company shall be returned to Tenant, without interest, and less any set off for damages to the Charter Party within sixty days after Premises upon the termination of this Agreement. This deposit which is non-interest bearing, is to be held by Landlord as security for the full and faithful performance of all of the terms and conditions of this lease and any renewals of this lease. The foregoing shall security deposit is not limit an advance rental and Tenant may not deduct any portion of the Companydeposit from the rent due to Landlord. In the event of forfeiture of the security deposit due to Tenant’s ability failure to seek fully and faithfully perform all of the terms and conditions of the lease, Landlord retains all of his other rights and remedies. Tenant does not have the right to cancel this lease and avoid his obligations hereunder by forfeiting the said security deposit. In the event any damage to the leased premises or equipment therein, reasonable wear and tear accepted, caused by Tenant, his family, guest(s) or agents, Tenant agrees to pay Landlord, when billed, the full amount necessary to repair or replace the damaged premises or equipment. Deductions may be made from the security deposit to reimburse Landlord for the cost of repairing any damages in excess 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 the lease. Deductions may also be made to cover any unpaid amounts owed to Landlord for any such damages or loss occurring prior to termination of the lease and for which Tenant has been billed. In the event that such damages or cleaning charges exceed the amount of the security deposit, Tenant agrees to pay all excess costs of Landlord. In the event there has been a forfeiture of the security deposit, charges for damages and cleaning shall be paid in addition to the amount of the said security deposit. Deductions will also be made to cover any unpaid rental amounts and late fees. Notwithstanding any other provisions expressed or implied herein, it being is especially understood and agreed that the Charter Party entire security deposit aforesaid shall be responsible for any automatically forfeited should Tenant vacate or abandon the premises before the expiration of this lease, except where such abandonment occurs during the last month of the term of the lease, Tenant has paid all rent covering the entire term, and all losses whether or either party has given the other timely written notice that this lease will not covered by the security deposit. If there is damage to the Vessel, cost of repair will be deducted from the deposit. If repairs exceed deposit amount, Charter Party is responsible for all costs. Repair costs exceeding deposit amount may be charged to credit card used to secure Vessel rental. X THE CHARTER PARTY IS FULLY RESPONSIBLE FOR THE PROPELLER. Charter Party is responsible for verifying that the propeller is in good condition prior to the Vessel leaving the dock and verifying that the propeller did not experience any damage when the Vessel is returned.renewed under its automatic renewal

Security/Damage Deposit. We require a security/damage (a) Tenant agrees to pay Landlord the sum of $ deposit on as security against the day breach by Tenant of rental. Deposits can be made by Visa, MasterCard, American Express, Discover, cash or check. Deposits made in cash will be refunded with a check any Tenant’s covenants and sent by mail. Charter Party authorizes New Melones Lake Marina to charge Charter Party’s credit card for the full amount of the security deposit along with any other costs incurred by the Charter Party in accordance with the terms hereofagreements contained herein. The security deposit shall Deposit will be held by the Company Landlord as security against breach by Tenant of any provision of this Lease. Tenant understands that all or a portion of the Deposit may be retained by Landlord upon termination of this Lease or Tenant’s tenancy unless each of the following conditions is satisfied: (1) The full Term expired without default by Tenant, should Tenant sale contract a $50 fee will be incurred. (2) Tenant gave Landlord written notice of Tenant’s intention to vacate the Apartment at least 30 days before Tenant vacated the Apartment and Tenant did not retain possession of the Apartment after the expiration of the 30 day period following delivery of such notice to Landlord. (3) Any and all Monthly Rent, late charges, insufficient check charges, utilities charges, attorney’s fees and other charges due under this Lease are paid in full, (4) There shall be a nor-refundable charge of $ per semester to cover the cost of preparing the Apartment for Charter Party failing to return the Houseboat on time, in as good of condition, future tenants. (5) There was no damage beyond ordinary wear and tear excludedto the Apartment, as when receivedcommon areas and buildings surrounding or adjacent to the Apartment, for reimbursement of property (xxxxx, spots or articles damagedstains on floors, missing or brokencarpets, countertops, window coverings, etc shall not be considered ordinary wear and for reimbursement for such consumable items as may tear) (6) The Apartment, including kitchen appliances and furniture, have been used cleaned thoroughly in accordance with Landlord’s written instructions. (7) All debris, rubbish and not paid discards were placed into proper disposal containers. (8) Tenant provided Landlord with s Self Addressed, Stamped Envelope. (9) All keys were returned to Landlord. If Tenant fails to check out per written instructions by Landlord, Tenant is agreeing to forfeit Tenant’s full Deposit to Landlord. (b) Move-Out Inspection. Tenant shall meet with Land or Landlord’s representative for by Charter Partya move-out inspection. Company may, without prejudice Landlord’s representative has no authority to any other remedy, apply the security deposit against any expensesbind or limit Landlord regarding deductions for repairs, damages, claims and liabilities arising from or related charges. Any statements or estimates by Landlord or Landlord’s representative are subject to Charter Party and guests correction, modification or disapproval before final refunding or accounting of Charter Party’s use, operation, or possession Deposit. (c) If all of the Houseboat. Any unused portion of the security deposit will be returned after completion of rental period and review of Houseboat by the Company. In the case of losses where conditions described above are not satisfied, then any Monthly Rent or other charges due under this Lease, together with the cost is not immediately ascertainable, of labor and material for cleaning and repairs (as well the security deposit shall be retained, and any portion of the security deposit not used by the Company shall be returned to the Charter Party within sixty days after termination of this Agreement. The foregoing shall not limit the Company’s ability to seek damages in excess of the security deposit, it being agreed that the Charter Party shall be responsible for any and all losses whether or not covered by the security deposit. If there is damage to the Vessel, cost of repair eviction if such occurred) will be deducted from Deposit. (d) Tenant shall leave forwarding address with Landlord’s property manager. Within 60 days after Tenant’s vacancy (which will be the depositdate on which Tenant gives Landlord the Apartment keys or the date on which Tenant surrenders and Landlord accepts the Apartment, whichever occurs last), Landlord will refund Deposit to Tenant, less any charges against the Deposit as described previously. If repairs less than the full Deposit is so refunded, Landlord will send Tenant a full written statement listing the charges or reasons for retention of all or part of the Deposit (e) Any such written statement and/or refund check or statement of balance due shall be mailed in the SASE described above. If Landlord’s damages resulting from Tenant’s failure to comply with the provisions of this Lease exceed deposit amountthe amount of the Deposit, Charter Party is responsible Landlord will not be limited to the amount of the Deposit, but may use all legal remedies available for all costscollection of the actual amount of damages. Repair costs exceeding deposit amount may be charged to credit card used to secure Vessel rental. X THE CHARTER PARTY IS FULLY RESPONSIBLE FOR THE PROPELLER. Charter Party is responsible for verifying Tenant understands and agrees that the propeller is in good condition prior Deposit may not be used as part of payment or to the Vessel leaving the dock and verifying that the propeller did offset any month’s Monthly Rent due from Tenant. Refund cannot experience any damage when the Vessel is returnedbe picked up from Landlord.

Security/Damage Deposit. We require SECURITY/DAMAGE DEPOSIT. Simultaneously with the execution of this Lease, Tenant shall (i) pay a security/damage deposit on the day of rental. Deposits can be made by Visa, MasterCard, American Express, Discover, cash or check. Deposits made in cash will be refunded sum equal to two (2) months' gross rent (not including sales tax) (to wit: $35,442.76); and (ii) provide Landlord with a check $250,000.00 letter of credit issued by a financial institution and sent by mail. Charter Party authorizes New Melones Lake Marina in a form acceptable to charge Charter Party’s credit card for the full amount of the security deposit along with any other costs incurred by the Charter Party in accordance with the terms hereof. The security deposit shall Landlord, both to be held by the Company Landlord as security for Charter Party failing to return the Houseboat on timeperformance by Tenant of all of the terms, in as good covenants and conditions hereof and the payment of condition, ordinary wear and tear excluded, as when received, for reimbursement of property Rent or articles damaged, missing or broken, and for reimbursement for such consumable items as may have been used and not paid for by Charter Party. Company may, without prejudice to any other remedy, sum due Landlord hereunder. It is expressly understood that such deposit shall not be considered an advance payment of Rent or a measure of Landlord's damages in the event of default by Tenant. Landlord shall have the right to apply all or any part of the security deposit against any expensescosts or expenses incurred or to be incurred by Landlord as a result of any damage, damagesinjury, claims expense or liability caused by Tenant's default, including, but not limited to: (a) unreasonable wear and liabilities arising from tear of the Premises; (b) loss or related damage to Charter Party and guests the Premises or other property of Charter Party’s usethe Landlord caused by Tenant, operationTenant's officers, employees, agents, invitees, or possession of the Houseboat. Any unused portion of the security deposit will be returned after completion of rental period licenses, reasonable wear and review of Houseboat by the Company. In the case of losses where tear excepted; (c) the cost is not immediately ascertainableof restoring the Premises, the security deposit shall be retainedexcept for reasonable wear and tear, and any portion of the security deposit not used by the Company shall be returned to the Charter Party within sixty days after termination of this Agreementsame condition it was in at the time Tenant began occupancy thereof; (d) Rent or Additional Rent payments which remain due and owing beyond any applicable grace period. The foregoing Landlord shall not limit be limited in pursuing Landlord's remedies against Tenant for costs, losses or damages to the Company’s ability Premises or to seek any other property of Landlord for any such costs, losses or damages which are in excess of the security deposit, it being agreed that the Charter Party shall be responsible for any and all losses whether or not covered by the above described security deposit. If there Such money shall bear no interest and may be commingled with other security deposits or funds of Landlord. Tenant shall promptly replenish any security deposit used by Landlord for any of the items set forth in this Article IV. Tenant's failure to do so shall be deemed a default under this Lease. Provided that Tenant is damage not then in default under any provision of this Lease, Tenant has the option of replacing the letter of credit with a substitute letter of credit, issued by a financial institution reasonably acceptable to Landlord and in a form comparable to the Vesseloriginal letter of credit provided hereunder, cost in the following amounts at the times indicated: (i) $150,000.00 at the end of repair will be deducted from the deposit. If repairs exceed deposit amount, Charter Party is responsible for all costs. Repair costs exceeding deposit amount may be charged to credit card used to secure Vessel rental. X THE CHARTER PARTY IS FULLY RESPONSIBLE FOR THE PROPELLER. Charter Party is responsible for verifying that fourth (4th) lease year; (ii) $100,000.00 at the propeller is in good condition prior to end of the Vessel leaving fifth (5th) lease year; and (iii) $50,000.00 at the dock and verifying that end of the propeller did not experience any damage when the Vessel is returnedsixth (6th) lease year.

Security/Damage Deposit. We require a securityUpon execution of this lease, Tenant will deposit with Landlord the sum specified as “Security/damage deposit on the day of rental. Deposits can be made by Visa, MasterCard, American Express, Discover, cash or check. Deposits made Damage Deposit” in cash will be refunded with a check and sent by mail. Charter Party authorizes New Melones Lake Marina to charge Charter Party’s credit card Article 1 hereof as security for the full amount and faithful performance of the security deposit along with any other costs incurred every provision of this lease to be performed by the Charter Party in accordance with the terms hereofXxxxxx. The security Said deposit shall be held by the Company as security Landlord without obligation or liability for Charter Party failing to return the Houseboat payment of income from or interest on time, in as good of condition, ordinary wear and tear excluded, as when received, for reimbursement of property or articles damaged, missing or broken, and for reimbursement for such consumable items as may have been used and not paid for by Charter Partysaid deposit. Company may, without prejudice If Tenant defaults with respect to any provisions of this lease, including but not limited to the provisions relating to the payment of any rent or other remedycharges, Landlord may use, apply or retain all or any part of said deposit for the security deposit against payment of any expenses, damages, claims and liabilities arising from rent or related to Charter Party and guests of Charter Party’s use, operationother charge in default, or possession for the payment of the Houseboatany other amount which Landlord may spend or become obligated to spend by reason of Tenant's default, or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant’s default. Any unused portion of the security deposit will be returned after completion of rental period and review of Houseboat by the Company. In the case of losses where the cost is not immediately ascertainable, the security deposit shall be retained, and If any portion of said deposit is so used or applied, Tenant shall, within five (5) days after written demand therefore, deposit cash with Landlord in an amount sufficient to restore said deposit to the security full amount hereinabove stated, and Tenant's failure to do so shall be a material C2000092 breach of this lease. If Tenant shall fully and faithfully perform every provision of this lease to be performed by it, said deposit or so much thereof as has not used theretofore been applied by the Company Landlord, shall be returned to Tenant (or, at Landlord's option, to the Charter Party within sixty days after termination last assignee of Tenant's interest hereunder) at the expiration of the term hereof. The making by Tenant of such deposit, or the application thereof by Landlord in the manner hereinabove provided, shall not constitute nor be construed as a limitation upon the exercise by Landlord of any other rights or remedies provided to Landlord under the terms of this Agreementlease in the event of Tenant's default. The foregoing shall not limit In the Company’s ability event Landlord sells the Retail Office Center, then Landlord may assign said deposit to seek damages the purchaser of Landlord's interest in excess of the security depositdemised premises without liability to Tenant, it being agreed that the Charter Party and upon such assignment Landlord shall be responsible for any and all losses whether or not covered by the security discharged from further liability with respect to such deposit. If there is damage to the Vessel, cost of repair will be deducted from the deposit. If repairs exceed deposit amount, Charter Party is responsible for all costs. Repair costs exceeding deposit amount may be charged to credit card used to secure Vessel rental. X THE CHARTER PARTY IS FULLY RESPONSIBLE FOR THE PROPELLER. Charter Party is responsible for verifying that the propeller is in good condition prior to the Vessel leaving the dock and verifying that the propeller did not experience any damage when the Vessel is returned.

Security/Damage Deposit. We require a security/damage (a) Xxxxxx agrees to pay Landlord the sum of $ deposit on as security against the day breach by Tenant of rental. Deposits can be made by Visa, MasterCard, American Express, Discover, cash or check. Deposits made in cash will be refunded with a check any Tenant’s covenants and sent by mail. Charter Party authorizes New Melones Lake Marina to charge Charter Party’s credit card for the full amount of the security deposit along with any other costs incurred by the Charter Party in accordance with the terms hereofagreements contained herein. The security deposit shall Deposit will be held by the Company Landlord as security against breach by Tenant of any provision of this Lease. Tenant understands that all or a portion of the Deposit may be retained by Landlord upon termination of this Lease or Xxxxxx’s tenancy unless each of the following conditions is satisfied: (1) The full Term expired without default by Xxxxxx, should Tenant sale contract a $50 fee will be incurred. (2) Tenant gave Landlord written notice of Xxxxxx’s intention to vacate the Apartment at least 30 days before Tenant vacated the Apartment and Xxxxxx did not retain possession of the Apartment after the expiration of the 30 day period following delivery of such notice to Landlord. (3) Any and all Monthly Rent, late charges, insufficient check charges, utilities charges, attorney’s fees and other charges due under this Lease are paid in full, (4) There shall be a nor-refundable charge of $ per semester to cover the cost of preparing the Apartment for Charter Party failing to return the Houseboat on time, in as good of condition, future tenants. (5) There was no damage beyond ordinary wear and tear excludedto the Apartment, as when receivedcommon areas and buildings surrounding or adjacent to the Apartment, for reimbursement of property (xxxxx, spots or articles damagedstains on floors, missing or brokencarpets, countertops, window coverings, etc shall not be considered ordinary wear and for reimbursement for such consumable items as may tear) (6) The Apartment, including kitchen appliances and furniture, have been used cleaned thoroughly in accordance with Xxxxxxxx’s written instructions. (7) All debris, rubbish and not paid discards were placed into proper disposal containers. (8) Tenant provided Landlord with s Self Addressed, Stamped Envelope. (9) All keys were returned to Landlord. If Tenant fails to check out per written instructions by Landlord, Xxxxxx is agreeing to forfeit Xxxxxx’s full Deposit to Landlord. (b) Move-Out Inspection. Tenant shall meet with Land or Xxxxxxxx’s representative for by Charter Partya move-out inspection. Company may, without prejudice Xxxxxxxx’s representative has no authority to any other remedy, apply the security deposit against any expensesbind or limit Landlord regarding deductions for repairs, damages, claims and liabilities arising from or related charges. Any statements or estimates by Landlord or Landlord’s representative are subject to Charter Party and guests correction, modification or disapproval before final refunding or accounting of Charter Party’s use, operation, or possession Deposit. (c) If all of the Houseboat. Any unused portion of the security deposit will be returned after completion of rental period and review of Houseboat by the Company. In the case of losses where conditions described above are not satisfied, then any Monthly Rent or other charges due under this Lease, together with the cost is not immediately ascertainable, of labor and material for cleaning and repairs (as well the security deposit shall be retained, and any portion of the security deposit not used by the Company shall be returned to the Charter Party within sixty days after termination of this Agreement. The foregoing shall not limit the Company’s ability to seek damages in excess of the security deposit, it being agreed that the Charter Party shall be responsible for any and all losses whether or not covered by the security deposit. If there is damage to the Vessel, cost of repair eviction if such occurred) will be deducted from Deposit. (d) Tenant shall leave forwarding address with Xxxxxxxx’s property manager. Within 60 days after Xxxxxx’s vacancy (which will be the depositdate on which Tenant gives Landlord the Apartment keys or the date on which Tenant surrenders and Landlord accepts the Apartment, whichever occurs last), Landlord will refund Deposit to Tenant, less any charges against the Deposit as described previously. If repairs less than the full Deposit is so refunded, Landlord will send Tenant a full written statement listing the charges or reasons for retention of all or part of the Deposit (e) Any such written statement and/or refund check or statement of balance due shall be mailed in the SASE described above. If Xxxxxxxx’s damages resulting from Xxxxxx’s failure to comply with the provisions of this Lease exceed deposit amountthe amount of the Deposit, Charter Party is responsible Landlord will not be limited to the amount of the Deposit, but may use all legal remedies available for all costscollection of the actual amount of damages. Repair costs exceeding deposit amount may be charged to credit card used to secure Vessel rental. X THE CHARTER PARTY IS FULLY RESPONSIBLE FOR THE PROPELLER. Charter Party is responsible for verifying Xxxxxx understands and agrees that the propeller is in good condition prior Deposit may not be used as part of payment or to the Vessel leaving the dock and verifying that the propeller did offset any month’s Monthly Rent due from Tenant. Refund cannot experience any damage when the Vessel is returnedbe picked up from Landlord.