Examples of the Deposit in a sentence
The Tenant pays the Deposit as security for the performance of the Tenant's obligations and to pay and compensate the Landlord for the reasonable costs of any breach of those obligations.
In the event Seller defaults, the Deposit shall be refunded to Buyer, and Buyer may sue for all remedies available at law or in equity.
Services shall not commence until e-Track have received the Deposit in cleared funds.
The City has the right to take the amount owed by Licensee under this paragraph from the Deposit provided in Section 1.e. Notwithstanding the right to carry out the work by the City herein, Licensee’s failure to meet the obligations of this paragraph shall be considered a default under the Agreement and grounds for immediate termination as provided in Section 1.c.
In the event Buyer defaults, Buyer shall forfeit the Deposit to Seller as liquidated damages, which shall be the sole and exclusive remedy available to Seller.