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REFUND OF SECURITY DEPOSIT definition

REFUND OF SECURITY DEPOSIT. We must return your deposit, MINUS DEDUCTIONS, not later than 14 calendar days after the termination of the Rental Agreement. We must give you written statement at that time explaining any deductions. Deductions can be made for the following reasons: to repair or replace any thing that is damaged or missing; to pay any and all amounts due; to change the locks and replace any keys and cards that were given to you and not returned; to clean and put the unit, and the things in it, in the condition when you moved in, if you do not do so; and to pay our damages caused by your quitting the unit wrongfully. If your deposit is not enough to cover all the damages and costs, you must pay for the extra amount.

Examples of REFUND OF SECURITY DEPOSIT in a sentence

  • REFUND OF SECURITY DEPOSIT: Refund of Security deposit shall be subject to Company’s right to deduct/appropriate its dues against the contractor or under this contract or any other contract.

  • THE REFUND OF SECURITY DEPOSIT SHALL ALSO BE CARRIED OUT THROUGH RTGS/NEFT.

  • THE PROPERTY MUST BE LEFT IN SIMILAR CONDITION AS FOUND AND ALL DOORS AND WINDOWS CLOSED AND LOCKED TO RECEIVE FULL REFUND OF SECURITY DEPOSIT.

  • REFUND OF SECURITY DEPOSIT (EMD)In case of unsuccessful bidders whose tenders are not considered for placing order, the Earnest Money Deposit will be refunded without any accrued interest within three months of the final decision for selection of Agency/Firm.

  • REFUND OF SECURITY DEPOSIT: The Owner shall notify the Commission as soon as the Owner's Improvements have been completed by submitting a Notice of CompletionForm (attached hereto as Exhibit “F”).

  • CLAUSE-4: REFUND OF SECURITY DEPOSIT: The Security Deposit amount shall, on demand, shall be returned to the contractor after expiry of Defects Liability Period (Clause 43).

  • REFUND OF SECURITY DEPOSIT: The Security Deposit will be refunded on satisfactory completion of the contract period and after all the railway dues are cleared and advertisement materials are removed from Railway premises within seven (7) days from the date of expiry of contract.

  • REFUND OF SECURITY DEPOSIT: Security Deposit will be refunded on completion of the work and after the expiry of the maintenance period, if any, provided always that the Contractor shall first have been paid the last and final bill and have rendered a "NO DEMAND CERTIFICATE".

  • REFUND OF SECURITY DEPOSIT: The Security Deposit shall be released after satisfactory completion of Guarantee Period.

  • REFUND OF SECURITY DEPOSIT Security deposits are 100% refundable when all of the following conditions are met:1.

Related to REFUND OF SECURITY DEPOSIT

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

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with DMRC as per terms and conditions of License Agreement as a security against the performance of the License Agreement.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Deposit Premium means a provisional premium which is agreed upon in the event of it being impossible at the due date of the premium to determine the exact premium, and which represents a reasonable estimate of the premium;

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Second Allocation of Principal means, with respect to any Payment Date, an amount equal to (1) the excess, if any, of (a) the sum of the Class A Note Balance and the Class B Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes and the Class B Notes on such Payment Date) over (b) the Pool Balance as of the end of the related Collection Period minus (2) the First Allocation of Principal for such Payment Date; provided, however, that the Second Allocation of Principal on and after the Final Scheduled Payment Date for the Class B Notes shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class B Notes to zero (after the application of the First Allocation of Principal).

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

  • Third Allocation of Principal means, with respect to any Payment Date, an amount equal to (1) the excess, if any, of (a) the sum of the Class A Note Balance, the Class B Note Balance and the Class C Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes, the Class B Notes and the Class C Notes on such Payment Date) over (b) the Pool Balance as of the end of the related Collection Period minus (2) the sum of the First Allocation of Principal and the Second Allocation of Principal for such Payment Date; provided, however, that the Third Allocation of Principal on and after the Final Scheduled Payment Date for the Class C Notes shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class C Notes to zero (after the application of the First Allocation of Principal and the Second Allocation of Principal).

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Basic Lease Provisions means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

  • Initial Reserve Account Deposit means $3,250,000.

  • Stipulated Loss Value is the value of each unit of Hardware at various times during the Lease as specified in the applicable Schedule; however, in no event will the Stipulated Loss Value of a Hardware unit exceed its fair market value.

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.

  • Regular Allocation of Principal means, with respect to any Payment Date, an amount not less than zero equal to (1) the excess, if any, of (a) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) (i) the Pool Balance as of the end of the related Collection Period less (ii) the Targeted Overcollateralization Amount minus (2) the sum of the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal, the Fourth Allocation of Principal and the Fifth Allocation of Principal for such Payment Date.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.

  • Fund Deposit means the deposit of funds transferred by the Client or the Client's Authorized person and credited to the Company Account for transfer to the Client's Account.

  • Rent Reserve means, with respect to any store, warehouse distribution center, regional distribution center or depot where any Inventory subject to Liens arising by operation of law is located, a reserve equal to two (2) months’ rent at such store, warehouse distribution center, regional distribution center or depot.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;