Use of a security deposit Sample Clauses

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:
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Use of a security deposit. We may use your security deposit to offset any amount you owe under this contract or, unless your distribution entity bills you directly, under your connection contract with your distribution entity:
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Use of a security deposit. We may use your security deposit, and any interest earned on the security deposit, to offset any amount you owe under this contract:‌ if you fail to pay a xxxx and as a result we arrange for the disconnection of your premises; or in relation to a final xxxx (i.e. a xxxx we issue when you vacate the premises or when you stop purchasing gas from us at your premises or when you request that your premises be disconnected). If we use your security deposit or any accrued interest to offset amounts owed to us, we will advise you within 10 business days.‌
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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 agreement: (i) if you fail to pay a bill and as a result we arrange for the disconnection of your premises; or (ii) in relation to a final bill (i.e. a bill we issue when you vacate the premises or when you stop purchasing energy xxx.xxxxxxxxxxx.xxx.xx 5 from us at your premises or when you request that your premises be disconnected).
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Use of a security deposit. We may use your security deposit, and any interest earned on the security deposit, to offset any amount you owe under this contract: if you fail to pay a xxxx and as a result we arrange for the disconnection of the premises, once you no longer have a right of reconnection under clause 0; or in relation to a final xxxx (i.e. a xxxx we issue when you vacate the premises or when you stop purchasing electricity from us at the premises or when you request that the premises be disconnected). If we use your security deposit or any accrued interest to offset amounts owed to us, we will advise you and repay any balance of your security deposit within 10 business days. Return of security deposit We must return your security deposit and any accrued interest in the following circumstances: you complete 1 years’ payment (in the case of residential customers) or 2 years’ payment (in the case of business customers) by the pay-by dates on our initial bills; or subject to clause 0 of this contract, you stop purchasing electricity at the relevant premises under this contract. If you do not give us any reasonable instructions, we will credit the amount of the security deposit, together with any accrued interest, to your next xxxx.
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Related to Use of a security deposit

  • 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, including without limitation brokerage commissions and Tenant Improvement costs. Upon any Event of Default by Tenant (as defined in Section 14.1), Landlord may, in its sole and absolute discretion, retain, 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, sums that Landlord may 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) 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 (or, at Landlord’s option, to the last assignee of Tenant’s interest in this Lease) 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 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.

  • 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.

  • 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.

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