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Utility Deposit definition

Utility Deposit means the adequate assurance deposits paid by the Debtors in compliance with the Interim Order (I) Approving the Debtors’ Proposed Adequate Assurance of Payment for Future Utility Services,
Utility Deposit shall have the meaning set forth in Section 3(a). THIS CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE (this "Contract") is entered into as of the Effective Date (as hereinafter defined) by and between PCY HOLDINGS, LLC, a Colorado limited liability company ("Seller"), and MELODY HOMES, INC., a Delaware corporation ("Purchaser").
Utility Deposit means the sum equal to the actual amount that the providers of water and electricity to the Leased Premises require to be deposited by Tenant on account of such services, which deposit may be adjusted by such providers from time to time during the Term to reflect Tenant’s actual consumption of such services.

Examples of Utility Deposit in a sentence

  • The Utility Deposit by the Business Partner to the Utilities shall be either in the form of: (a) Cash or other certified funds; (b) an Irrevocable Standby Letter of Credit issued by a financial institution with an office located in Madison County, Alabama, in a form acceptable to the Utilities; or (c) a Surety Bond issued in a form and by a Surety acceptable to the Utilities.

  • The Utilities shall be entitled to recover and set off against the Utility Deposit all costs it incurs in the enforcement of this Agreement, including without limitation, all reasonable attorneys’ fees.

  • The Business Partner acknowledges that the Utility Deposit required by the Utilities of the Business Partner is the policy of the Utilities and is the usual and customary utility deposit required by the Utilities of its non-residential Business Partner.

  • The Utilities may, at any time in its sole discretion, modify the Utility Deposit in the accordance with this Agreement, with such modification being based upon either two (2) times the actual highest monthly billing, or two (2) times the estimate for Utility Services based upon full capacity of the location, whichever is greater.

  • The Utility Deposit is required to provide adequate assurance and protection of the Utilities in the payment for Utility Services.

  • The Business Partner agrees to furnish any additional Utility Deposit within thirty (30) calendar days of written notification of modification of the Utility Deposit.

  • The Utilities shall notify the Business Partner of any modification of the Utility Deposit in writing at the address where billing for Utility Services is directed.

  • The Utilities shall not be obligated to segregate the Utility Deposit in a separate Contract Account.

  • The Business Partner shall maintain the Utility Deposit in accordance with this Agreement so long as Utilities provides Utility Services to the Business Partner.

  • These are the basic questions that characterize the course of human life[17].


More Definitions of Utility Deposit

Utility Deposit. {Deposit utiliti} (Ringgit Malaysia: {Deposit utiliti dalam perkataan}) 9.

Related to Utility 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 any advance deposits or any other deposits collected with respect to the Property, whether in the form of cash, letter(s) of credit or other cash equivalents (including, without limitation, such deposits made in connection with any Lease).

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

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto. (a) Base Rent Paid Upon Execution: $ N/A as Base Rent for the period N/A.

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

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

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • 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.

  • Security Deposit Account has the meaning given in Section 2.3.

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.

  • Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other refundable deposits and fees collected from Tenants, plus any interest accrued thereon, paid by Tenants to Seller pursuant to the Leases. Tenant Deposits shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.

  • Rent means Basic Rent and Supplemental Rent, collectively.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

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

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

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

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

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

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Percentage Rent As defined in Subsection 3.1(b).

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.