USE FEE/SECURITY DEPOSIT Sample Clauses

USE FEE/SECURITY DEPOSIT. 3.1 Upon signing the Use Agreement, User must pay the first month’s use fee, last month’s use fee and a security deposit equal to one (1) month’s use fee (“Security Deposit”).
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USE FEE/SECURITY DEPOSIT. 3.1 For each month during the term of this Use Agreement, User agrees to pay City the use fee rate prescribed by Resolution of the City Council of the City of Naples for the use of the Slip, which may be modified or amended in the sole and exclusive discretion of the City Council during the term of this Use Agreement. Upon signing this Use Agreement, User must pay the first month’s use fee and last month’s use fee plus a refundable damage deposit in an amount equal to one month’s use fee (“Security Deposit”). The Security Deposit shall be held in a non-interest bearing account.
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USE FEE/SECURITY DEPOSIT. As consideration for the use of the Reserved Amenity, the User agrees to deliver to the Lifestyle Director the “Use Fee” made payable to the Association as set forth on the first page of this Agreement (the “Use Fee”). The Use Fee will constitute a non-refundable fee and compensation for the use of the Reserved Amenity and includes basic, surface cleaning of the Reserved Amenity. For purposes hereof, basic, surface cleaning means wiping down tables, taking out and removal of bagged garbage and broom sweeping the Reserved Amenity. The Association also requires, in its sole discretion, one (1) janitor for events. The hourly rate for each janitor is $25.00 per hour, which shall be paid by User. Any cleaning required in excess of the basic, surface cleaning shall be the User’s responsibility at User’s cost and will be paid from User’s Security Deposit. User shall also be responsible to take down and remove decorations, bag all garbage and remove all personal belongings. The User further agrees to deliver to the Lifestyle Director the Security Deposit set forth on the first page of this Agreement (the “Security Deposit”) made payable to the Association, which shall serve to protect against damage to the property and facilities owned, operated and/or maintained by the Association within Winding Ridge (the “Community Facilities”) caused by the User, its family members, guests, invitees, employees, vendors and/or agents (collectively, the “Attendees”). The Security Deposit will be refunded to User in full, unless in the sole discretion of the Association, it is determined that damage has been caused to any portion of the Community Facilities by any of the Attendees or if the Reserved Amenity is not left in a clean condition as required by this Agreement. Said Security Deposit shall in no way constitute a limitation on the User's liability if the amount of damage to the Community Facilities exceeds the Security Deposit amount. If, after inspection by Association, the Reserved Amenity is deemed to be in clean condition and no damage has been caused to any of the other Community Facilities by User and/or the Attendees, the full amount of the Security Deposit shall be refunded to User by the Association within fifteen (15) days after the Reserved Date. The Use Fee and Security Deposit must be delivered to the Lifestyle Director simultaneously with User’s execution of this Agreement. Association has the right to terminate this Agreement and enter into an agreement with...
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USE FEE/SECURITY DEPOSIT 
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Related to USE FEE/SECURITY DEPOSIT

  • Use of a security deposit (a) We may use your security deposit, and any interest earned on the security deposit, to offset any amount you owe under this contract:

  • SECURITY DEPOSIT Concurrently with Tenant’s delivery of this Lease, Tenant shall deposit with Landlord the sum, if any, stated in Item 9 of the Basic Lease Provisions, to be held by Landlord as security for the full and faithful performance of all of Tenant’s obligations under this Lease (the “Security Deposit”). Landlord shall not be required to keep this Security Deposit separate from its general funds, and Tenant shall not be entitled to interest on the Security Deposit. Subject to the last sentence of this Section, the Security Deposit shall be understood and agreed to be the property of Landlord upon Landlord’s receipt thereof, and may be utilized by Landlord in its sole and absolute discretion towards the payment of all expenses by Landlord for which Tenant would be required to reimburse Landlord under this Lease. Upon any Event of Default by Tenant (as defined in Section 14.1), Landlord may, in its sole and absolute discretion, use or apply the whole or any part of the Security Deposit to pay any sum which Tenant is obligated to pay under this Lease including, but not limited to, sums that Landlord may reasonably expend or be required to expend by reason of the Event of Default by Tenant or any loss or damage that Landlord may suffer by reason of the Event of Default or costs incurred by Landlord in connection with the repair or restoration of the Premises pursuant to Section 15.3 of this Lease upon expiration or earlier termination of this Lease. In no event shall Landlord be obligated to apply the Security Deposit upon an Event of Default and Landlord’s rights and remedies resulting from an Event of Default, including without limitation, Tenant’s failure to pay Basic Rent, Tenant’s Share of Operating Expenses or any other amount due to Landlord pursuant to this Lease, shall not be diminished or altered in any respect due to the fact that Landlord is holding the Security Deposit. If any portion of the Security Deposit is applied by Landlord as permitted by this Section, Tenant shall within five (5) business days after written demand by Landlord deposit cash with Landlord in an amount sufficient to restore the Security Deposit to its original amount. If Tenant fully performs its obligations under this Lease, the Security Deposit shall be returned to Tenant within thirty (30) days after the expiration of the Term, provided that Tenant agrees that Landlord may retain the Security Deposit to the extent and until such time as all amounts due from Tenant in accordance with this Lease have been determined (which determination shall not be unreasonably withheld, conditioned or delayed) and paid in full and Tenant agrees that Tenant shall have no claim against Landlord for Landlord’s retaining such Security Deposit to the extent provided in this Section. Provided that no Event of Default has theretofore occurred under any provision of this Lease, Tenant shall have the right to have the Security Deposit reduced to the amount of One Hundred Twenty-Three Thousand One Hundred Eight Dollars ($123,108.00) by sending written request thereof to Landlord, which request shall be accompanied by Tenant’s audited Statements demonstrating two (2) immediately prior consecutive years of positive net income for Tenant. Following such written request to Landlord, Tenant shall be credited in the amount of the difference between the amount of the Security Deposit stated in Item 9 of the Basic Lease Provisions and the reduced amount of Security Deposit set forth above, against Basic Rent and Operating Expenses next coming due under this Lease.

  • Xxxxxxx Money (Security Deposit) 5.1 While submitting commercial bid, the BIDDER shall deposit an amount………. (to be specified in RFP) as Xxxxxxx Money/Security Deposit, with the BUYER through any of the following instruments:

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

  • Interest on security deposits Where you have paid a security deposit, we must pay you interest on the security deposit at a rate and on terms required by the Rules.

  • REFUND OF SECURITY DEPOSIT MANAGEMENT agrees to refund the security deposit to RESIDENT upon satisfaction of all lease provisions, and all of the following conditions, or as otherwise required by applicable Virginia Law.

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.”

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Return of Security Deposit (a) We must return your security deposit and any accrued interest in the following circumstances:

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