Client’s Deposit Sample Clauses

The Client’s Deposit clause establishes the requirement for the client to provide an upfront payment or security deposit before services commence or goods are delivered. Typically, this deposit is held by the service provider or seller and may be applied toward the final invoice, retained as security against potential damages, or refunded upon satisfactory completion of the contract. Its core practical function is to secure the provider’s interests by ensuring commitment from the client and mitigating the risk of non-payment or contract default.
Client’s Deposit. 1.4.1. The Client’s deposit (the “Client’s Deposit”) is an advance payment for the Services and the Contractor’s management fee (the Fees). The Client may check the balance of the Client’s Deposit (accounts payable) in its account at the Platform. 1.4.2. The Contractor shall acknowledge on the Client’s Deposit only the funds actually received to the Contractor’s bank account. The Client shall bear any and all banking fees, transactions fees and costs or taxes and charges as may be applicable to each payment. 1.4.3. The Contractor shall return the Client’s Deposit outstanding amount to the Client within 30 Business Days after the Agreement is terminated (clause 12.1). The Client’s Deposit will be returned in the same currency as paid by the Client. 1.4.4. The Contractor shall withhold the Fee from the Deposit amount being repaid, as described in pricing at ▇▇▇.▇▇▇▇.▇▇▇ 1.4.5. No interest shall accrue on any amount of the Client’s Deposit. 1.4.6. In case the Client’s Deposit is less than the Fee for any Task, the Client is obliged to pay the Fee immediately. The Client shall defend and hold harmless the Contractor in case of any dispute with a third party, including the Sub-Contractors, arising in relation to failure to pay the applicable Fee and shall overtake any dispute brought against the Contractor in this regard.
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Related to Client’s Deposit

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • The Deposit The Tenant shall pay to Choose an item £0.00 (zero pounds) in cleared funds not less than 72 hours prior to the commencement of this Tenancy as a Deposit*. The Deposit to be held by the Choose an item as Stakeholder. At the end of the Tenancy the Landlord’s Agent shall return the Deposit to the Tenant subject to the rules set out in this Agreement.

  • Direct Deposit If you have arranged to have a direct deposit made to your account at least once every 60 days from the same source and you do not receive a receipt (such as a pay stub), you can find out whether or not the deposit has been made by calling (▇▇▇) ▇▇▇-▇▇▇▇. This does not apply to transactions occurring outside the United States.

  • Principal Depository Borrower shall maintain its principal depository and operating accounts with Bank.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.