Security Payment Sample Clauses

Security Payment. At ourabsolute sole discretion we reserve the right to request a nominal securitypayment of £75 where the breakdown is deemed pre-existing or intermittent. This payment may be refunded once the engineer has reported their findings and confirms that the fault being reported is covered under this agreement.

Security Payment. 4.17.1 To ensure the Lessor’s interests, the Lessee shall make the Security Payment in the amount of one-month Permanent Part of Rent to the Lessor’s settlement account within five (5) banking days from the date of the Agreement signing (clause 4.2.1 of the Agreement). The amount of the Security Payment is at the disposal of the Lessor (and can be used by it) until the amount of the Security Payment shall be returned to the Lessee in the event of the lease term expiration or the Agreement termination; however, no interest for the disposal and use of the Security Payment amount in favour of the Lessee is accrued or paid. The Lessor and the Lessee agree that the Security Payment is a method expressly specified in the Civil Code of the Russian Federation to ensure that the Lessee fulfills its obligations under this Lease Agreement. The Security Payment is not a deposit or an advance payment. 4.17.2 If the Lessee delays any of the payments due under the Agreement, or as a result of the Lessee’s guilty actions, the Facility, common areas in the Building, the Building itself, the territory adjacent to the Building and the Lessor’s property located on such territory are damaged, the Lessor has the right to deduct the amount of such damages from the Security Payment. The availability of the Security Payment and an opportunity of deductions from it do not release the Lessee from responsibility to fulfill its financial obligations stipulated in the Agreement (in full or in part). 4.17.3 The procedure for deducting an amount from the Security Payment: seven (7) business days in advance, the Lessor sends a written notification to the Lessee specifying the grounds and an amount of deduction from the Security Payment in the calculation attached. If the Lessee does not object to the received notice of deduction, the Lessee is obliged to restore the amount of the Security Payment to the originally agreed amount within seven (7) banking days from the date of receiving the notice of deduction. This obligation also occurs in the event of an increase in the Permanent Part of Rent provided for in the Agreement. 4.17.4 Upon expiration of the Agreement, the Lessor shall return the amount of the Security Payment to the Lessee, taking into account possible deductions in accordance with the provisions of clauses 4.17.2 and 4.17.3 above, within seven (7) banking days after the Lessee moves out from the leased premises in accordance with the procedures established by the Agreement.

Security Payment. This is a fixed fee which is payable when requesting a Call-out. In case of any uncertainty, where a request for Assistance is not covered by Us, this payment is taken. This will be a fixed payment of £95. The Security Payment will be reimbursed when, upon inspection, the fault is covered by Us. The Security Payment will not be reimbursed if the fault/issue is not covered by Us.

Security Payment. Any payment made by WSW pursuant to a claim against WSW in connection with Secured Loans pursuant to (i) guarantees issued or (ii) an indemnity undertaking or (iii) payment in any form whatsoever.

Security Payment. 5.1. The Security Payment is the amount of funds transferred to the Agent by Offline Cashback Partner to ensure the discharge of obligations for crediting the bonus remuneration (Cashback) to Offline Cashback Partner’s Customers as well as the obligations for payment of the Agent Commission. 5.2. The amount of Security Payment shall be determined according to the tariff chosen by the Cashback Partner in the corresponding section of the Personal Account and confirmed by the transfer of the Security Payment in the amount not less than set by the tariff chosen. The list of tariffs may be found in Appendix No. 1 to this Agreement. 5.3. In case of repeated deposit of the Security Payment by the Cashback Partner and available balance on the Cashback Partner’s account, the tariff shall be set based on the amount of funds on the Cashback Partner’s balance and single amount of Security Payment deposited. 5.4. Offline Cashback Partner shall in proper time deposit the amounts of Security Payment as ensuring of discharge of obligations for crediting the bonus remuneration (Cashback) to the Customers. The failure to deposit the Security Payment shall entail the failure to discharge the obligations according to this Agreement by the Agent, which shall result in the fact that the Agent shall be exempt from his/her liability for the failure to discharge the obligations provided by this Agreement.

Security Payment. This represents a discretionary payment which is payable at the time a claim is reported. This payment arises where there is uncertainty as to whether the claim is covered. The security payment is a fixed payment of £75. If following the diagnosis, the engineer confirms that the fault is one that is covered this payment will be reimbursed. If the engineer confirms the fault is not covered there will be no reimbursement of this fee. If this payment is not paid there is a discretion to decline your claim. Service agreement - means the document sent to you confirming the commencement date, your details, cover type and details of any cover.

Security Payment. The Lessee may pay the Security Payment at its own discretion instead of providing the Lessor with the Bank Guarantee, within the time limit fixed for providing the Bank Guarantee (Clause 4.12 of the Lease Agreement). The Security Payment shall be provided equal to the Total Security Amount, considering the fact that only the Leased Area of the Premises with respect to which the Lease Agreement has been signed is taken into account when determining the Total Security Amount for the Security Payment as of the Lease Agreement date. Further, when each Supplementary Agreement to the Lease Agreement is signed by the Parties, the Security Payment shall be increased up to the Total Security Amount, which value is determined with account for the Leased Area of the Premises leased out under the Supplementary Agreement to the Lease Agreement. The Security Payment equal to the full Total Security Amount should be provided by the Lessee to the Lessor by the date of signing the last Supplementary Agreement to the Lease Agreement. All conditions and requirements of Appendix 8 to the Lease Agreement relevant for the Security Payment shall apply to the Security Payment. When the Lease Agreement is entered into, the Security Payment provided by the Lessee to the Lessor under the Preliminary Agreement shall be credited towards the Security Payment under the Lease Agreement. In so doing, that part of the Security Payment provided under the Preliminary Agreement is subject to offset, which is calculated on the basis of the Leased Area of the Premises leased out under the Lease Agreement. The remaining part of the Security Payment submitted to the Lessor under the Preliminary Agreement remains at the Lessor’s disposal under the Preliminary Agreement. After each Supplementary Agreement to the Lease Agreement is signed by the Parties, a part of the Security Payment available to the Lessor under the Preliminary Agreement shall be credited, in its respective part, towards the Security Payment under the Supplementary Agreement to the Lease Agreement to be calculated on the basis of the Leased Area of the Premises leased out under such Supplementary Agreement to the Lease Agreement. If the Bank Guarantee under the Lease Agreement is not provided to the Lessor in due time according to Clause 4.12 of the Lease Agreement and the amount of the Security Payment under the Preliminary Agreement available to the Lessor is insufficient for credit towards the full amount of the Security Payme...

Security Payment. This represents a discretionary payment which is payable at the time a claim is reported. This payment arises where there is uncertainty as to whether the claim is covered. The security payment is a fixed payment of £75. If following the diagnosis, the engineer confirms that the fault is one that is covered this payment will be reimbursed. If the engineer confirms the fault is not covered there will be no reimbursement of this fee. If this payment is not paid there is a discretion to decline your claim.

Security Payment. 19.1 If the Buyer made a Land Rent Lease Election, on the Date of this Contract the Buyer must pay the Security Payment to the Seller. 19.2 The Seller must hold the Security Payment in trust on behalf of the Buyer until Completion or until this Contract is terminated or otherwise ends. 19.3 The Security Payment may be paid by cheque but if it is not paid on time or, if it is paid by cheque which is not honoured on first presentation, the Buyer is in default. 19.4 If the Buyer is in default under clause 19.3, then immediately and without the notice otherwise necessary under clause 27, clause 28 applies. 19.5 The Buyer irrevocably directs the Seller that upon Completion the Seller must: (a) pay the amount of the Security Payment paid by the Buyer, to the Commissioner for Revenue in respect of present or future Land Rent payable on the Land by the Buyer; and (b) notify the Buyer of such payment. 19.6 The Buyer waives any interest in respect of the Security Payment from the Date of this Contract to the date ninety (90) days following the Completion or rescission or termination of this Contract.

Security Payment. To safeguard its interests, SKYNET may require customers to remit a security payment. The amount of the security payment and the date due are as specified in Section 3 of the Service Description (SECURITY PAYMENT). During the term of this Agreement, additional security payment may be required, at SKYNET's discretion, based on CUSTOMER's payment history and/or increases in the amount of capacity provided under this Agreement. In the event SKYNET requires additional security payment, the amount of such additional security payment shall be due and payable on or before the date specified on the invoice for such additional security payment. Remittance of security payment does not relieve CUSTOMER of the responsibility for the prompt payment of bills upon presentation. All security payments paid pursuant to this Agreement will be held as a guarantee for the payment of any and all charges due hereunder and shall be applied to customer's final bill(s). Any security payment remaining after such application xxxl be refunded to CUSTOMER upon the expiration or earlier termination of this Agreement. Failure to remit a required security payment, including but not limited to any additional security deposit required after the effective date of this Agreement, in a timely manner shall be considered a material breach of this Agreement.