No Deposit Option definition

No Deposit Option means the scheme entered into by both the Landlord and the Tenant relating to this Tenancy Agreement.
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Examples of No Deposit Option in a sentence

  • The Tenant, having entered into a No Deposit Option Agreement with the Landlord’s Agent, will additionally promptly pay to the Landlord’s Agent the Residency Membership Fee Monthly (or as otherwise be agreed) and a failure to do so shall be a breach of this Agreement entitling the Landlord to serve Notice and thereafter to seek possession of the Property.

Related to No Deposit Option

  • Controlled Deposit Amount means, for any Transfer Date with respect to the Controlled Accumulation Period, an amount equal to the sum of the Controlled Accumulation Amount for such Transfer Date and any existing Accumulation Shortfall.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Deposit means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.