Common use of Use of a security deposit Clause in Contracts

Use of a security deposit. (a) We may use your security deposit, and subject to clause 13.2 any interest earned on the security deposit, to offset any amount you owe under this contract as follows: 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 electricity from us at your premises or when you request that your premises be disconnected). (b) If we use your security deposit or any accrued interest to offset amounts owed to us, we will advise you within 10 business days.

Use of a security deposit. (a) We may use your security deposit, and subject to clause 13.2 any interest earned on the security deposit, to offset any amount you owe under this contract as follows: i. agreement: (i) if you fail to pay a bill and as a result we arrange for the disconnection of your premises; or or (ii. ) in relation to a final bill (i.e. a bill we issue when you vacate the premises or when you stop purchasing electricity energy xxx.xxxxxxxxxxx.xxx.xx 5 from us at your premises or when you request that your premises be disconnected). (b) If we use your security deposit or any accrued interest to offset amounts owed to us, we will advise you within 10 business days.

Use of a security deposit. (a) 14.3.1 We may use your security deposit, and subject to clause 13.2 any interest earned on the security deposit, to offset any amount you owe under this contract as followsagreement: i. a. if you fail to pay a bill and as a result we arrange for the disconnection of your premises, once you no longer have a right of reconnection under clause 16.1; or ii. b. in relation to a final bill (i.e. a bill we issue when you vacate the premises or when you stop purchasing electricity from us at your premises or when you request that your premises be disconnected). (b) 14.3.2 If we use your security deposit or any accrued interest to offset amounts owed to us, we will advise you and repay the balance of your security deposit to you within 10 business days.