Restoration Deposit definition

Restoration Deposit means a cash deposit to ensure the availability of sufficient funds to assure that right-of-way excavation restoration is completed in a timely manner per City specifications.
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Restoration Deposit means a deposit paid to the City in an amount calculated to restore the area where a permit is issued to the condition or better condition than before any work was accomplished.
Sample 1
Restoration Deposit means a cash deposit to ensure the availability of sufficient funds to assure that Right-of-Way excavation repair work and restoration is completed in both a timely and quality manner per City specifications.
Sample 1

Examples of Restoration Deposit in a sentence

  • Upon the execution of this Lease, Tenant shall deposit with Landlord the Security and Restoration Deposit.

  • Where a hoarding is erected in the road reserve without first obtaining a permit, the Council’s fees and penalties will be deducted from the Footpath Reserve Restoration Deposit.

  • Where a waste container or skip bin is placed in the road reserve without first obtaining a permit, the Council’s fees and penalties will be deducted from the Footpath Reserve Restoration Deposit.

  • Where excavation is carried out on the road reserve without first obtaining a permit, the Council’s fees and penalties will be deducted from the Footpath Reserve Restoration Deposit.

  • The cost of conducting these works will be deducted from the Footpath Reserve Restoration Deposit, or if this is insufficient the balance of the cost will be due for payment to Council upon completion of the work.

  • All costs and fees associated with permanent restorations will be deducted from the Maintenance Restoration Deposit.

  • The Security and Restoration Deposit shall not be mortgaged, assigned, transferred or encumbered by Tenant without the written consent of Landlord and any such act on the part of Tenant shall be without force and effect and shall not be binding upon Landlord.

  • The Original Letter of Credit, any Additional Letters(s) of Credit and Substitute Letter(s) of Credit are referred to herein as the “Letter of Credit.” Upon receipt of a satisfactory Letter of Credit, Landlord shall refund the proceeds of the Security and Restoration Deposit Landlord is then holding.

  • Subtenant shall post the Restoration Deposit directly with Master Landlord.

  • Notwithstanding the foregoing, in no event shall Tenant be required to post a Restoration Deposit unless (a) Landlord has made a good faith determination that Restoration will likely be required and (b) Tenant's cash flow position drops below the Cash Position Minimum (Section 7.3).

Related to Restoration Deposit

  • Savings deposit means a form of demand deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the bank during any specified period.

  • Imposition Deposits are defined in Section 7(a).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Restoration Retainage as used in this Subsection 7.4(b) shall mean an amount equal to 10% of the costs actually incurred for work in place as part of the Restoration, as certified by the Casualty Consultant, until such time as the Casualty Consultant certifies to Lender that Net Proceeds representing 50% of the required Restoration have been disbursed. There shall be no Restoration Retainage with respect to costs actually incurred by Borrower for work in place in completing the last 50% of the required Restoration. The Restoration Retainage shall in no event, and notwithstanding anything to the contrary set forth above in this Subsection 7.4(b), be less than the amount actually held back by Borrower from contractors, subcontractors and materialmen engaged in the Restoration. The Restoration Retainage shall not be released until the Casualty Consultant certifies to Lender that the Restoration has been completed in accordance with the provisions of this Subsection 7.4(b) and that all approvals necessary for the re-occupancy and use of the Property have been obtained from all appropriate governmental and quasi-governmental authorities, and Lender receives evidence satisfactory to Lender that the costs of the Restoration have been paid in full or will be paid in full out of the Restoration Retainage, provided, however, that Lender will release the portion of the Restoration Retainage being held with respect to any contractor, subcontractor or materialman engaged in the Restoration as of the date upon which the Casualty Consultant certifies to Lender that the contractor, subcontractor or materialman has satisfactorily completed all work and has supplied all materials in accordance with the provisions of the contractor’s, subcontractor’s or materialman’s contract, and the contractor, subcontractor or materialman delivers the lien waivers and evidence of payment in full of all sums due to the contractor, subcontractor or materialman as may be reasonably requested by Lender or by the title company insuring the lien of the Security Instrument. If required by Lender, the release of any such portion of the Restoration Retainage shall be approved by the surety company, if any, which has issued a payment or performance bond with respect to the contractor, subcontractor or materialman.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

  • 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).

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Restoration means the repair and restoration of an Individual Property after a Casualty or Condemnation as nearly as possible to the condition the Individual Property was in immediately prior to such Casualty or Condemnation, with such alterations as may be reasonably approved by Lender.

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

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

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

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Required Reserve Fund Deposit With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Aggregate Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date; provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

  • Reserve Fund Deposit With respect to the Reserve Fund, an amount equal to $5,000, which the Depositor shall initially deposit into the Reserve Fund pursuant to Section 3.21 hereof.

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

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].