Common use of Form of Deposit Clause in Contracts

Form of Deposit. Within five (5) days after the Reference Date, Permittee will deliver to Director a security deposit (the “Deposit”) in the Deposit Amount. The Deposit shall be in the form of (a) certificates of deposit which are redeemable at a bank in the San Francisco Bay Area; (b) certified checks, certified by a bank or other financial institution protected by FDIC; (c) cashier’s checks from a bank or other financial institution protected by FDIC; and/or (d) money orders. The Deposit Amount shall be equal to nine (9) months of Permit Fees.

Form of Deposit. Within five (5) days after the Reference Date, Permittee will deliver to Director a security deposit (the “Deposit”) in the Deposit Amount. The Deposit shall be in the form ofof‌ (a) certificates of deposit which are redeemable at a bank in the San Francisco Bay Area; (b) certified checks, certified by a bank or other financial institution protected by FDIC; (c) cashier’s checks from a bank or other financial institution protected by FDIC; and/or (d) money orders. The Deposit Amount shall be equal to nine (9) months of Permit Fees.