Common use of Deposit Requirement Clause in Contracts

Deposit Requirement. Upon the signing of this agreement, licensee shall remit a payment of (50% of the estimated charges due), to serve as a deposit for the reservation space at Columbia University. The deposit is not refundable. The balance of payment is due a minimum of one week (seven days) prior to the scheduled event. If full payment is not received by that time, the reservation on the room(s) shall be released. In addition a deposit of $250 will be collected and used only if there is damage to any portion of the School of Social Work as a direct result of the event in question. If no damage is discovered, the $250 deposit will be refunded after the event. Form of Payment: All payments must be made in the form of a Certified Check, Company Check, or Bank Money Order, payable to The Trustees of Columbia University and sent to Columbia University School of Social Work, Office of Financial Management, Room 602, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇. Personal Checks or other forms of payment will not be accepted.

Deposit Requirement. Upon the signing of this agreement, licensee shall remit a payment of (50% of the estimated charges due), to serve as a deposit for the reservation space at Columbia University. The deposit is not refundable. The balance of payment is due a minimum of one week (seven days) prior to the scheduled event. If full payment is not received by that time, the reservation on the room(s) shall be released. In addition a deposit of $250 will be collected and used only if there is damage to any portion of the School of Social Work as a direct result of the event in question. If no damage is discovered, the $250 deposit will be refunded after the event. Form of Payment: All payments must be made in the form of a Certified Check, Company Check, or Bank Money Order, payable to The Trustees of Columbia University and sent to the Columbia University School of Social Work, and sent to the Office of Financial Management, Room 602, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇. Personal Checks or other forms of payment will not be accepted.