Indemnification Deposit Clause Samples

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Indemnification Deposit. Tenant has deposited with Landlord the sum of $_ _ as an indemnification deposit which shall not be used by Tenant for any rent due. Indemnification deposit will be utilized as a fund for cleaning and repairing damages to the Demised Premises incurred since the lease Effective Date, excepting normal wear and tear. Within forty-five days after Tenant vacates the Demised Premises, Landlord will refund the unused portion of the indemnification deposit by mail. The indemnification deposit is held in Cumberland Valley National Bank #4062388 and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Bank #12397157.
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Indemnification Deposit. Tenant has deposited with Landlord the sum of $ _ as an indemnification deposit which shall not be used by Tenant for any rent due. Indemnification deposit will be utilized as a fund for cleaning and repairing damages to the Demised Premises incurred since the lease Effective Date, excepting normal wear and tear. Within forty five days after Tenant vacates the Demised Premises, Landlord will refund the unused portion of the indemnification deposit by mail. The indemnification deposit is held in Community Trust Bank acct #4003027168 and acct # ▇▇▇▇▇▇▇▇▇▇.
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Indemnification Deposit. Tenant has deposited with Landlord the sum of $_ _ as an indemnification deposit which shall not be used by Tenant for any rent due. Indemnification deposit will be utilized as a fund for cleaning and repairing damages to the Demised Premises incurred since the lease Effective Date, excepting normal wear and tear. Within forty-five days after Tenant vacates the Demised Premises, Landlord will refund the unused portion of the indemnification deposit by mail. The indemnification deposit is held in Main Street Local Bank in account XXXXXX.
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Indemnification Deposit. Landlord requires the receipt of $*DEPOSIT AMOUNT* held by the property owner, as a deposit to indemnify damages to the property and for resident’s fulfillment of the conditions of this agreement. Deposit may be returned to Resident less cleaning charges, 30 days after the date of lease expiration if: a) Lease term has expired and all keys must be returned to the owner b) All monies due Landlord by Resident has been paid: and c) Residence is not damaged and is left in original condition, normal wear and tear expected, and d) Landlord is in receipt of copy paid final bills on all utilities (includes gas, electric, water, and telephone). e) Deposit will not be returned if resident’s leave before lease time is completed. Deposit may be applied by Management to satisfy all or part of resident’s obligations and such act shall not prevent Management from claiming damages in excess of the deposit. Residents cannot apply the deposit to any of the rent payment. f) Any damages that occur totaling more than the amount of the security deposit will be paid in full by the tenants within 30 days after vacating the residence. g) Cleaning will be checked upon vacancy. Any items not meeting the standard will be cleaned and the cost will be charged to the tenant with proof of receipts to be provided to the tenant. Any itemized billing statement will be enclosed with the security deposit refund. Paid: (Amount) (Date) (initials)
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Indemnification Deposit. Management acknowledges receipt of dollars ($ ), as a deposit to indemnify owner against damage to the property and Resident’s fulfillment of the conditions of this agreement, PLEASE NOTE: Security checks need to be made payable to ▇▇▇▇▇▇▇▇▇ & Associates as AGENT for the owner. NOTE: ▇▇▇▇▇▇▇▇▇ & Associates is only the AGENT for the owner, therefore all security deposits will be transferred to the owner, it is the owners responsibility to refund the security deposit and ▇▇▇▇▇▇▇▇▇ & Associates takes no responsibility and shall incur No liability for any issue arising between Owner and tenant with regards to the return of the security deposit. Deposit will be returned to Resident less $100.00 for normal wear & tear to the apartment directly by the owner. Tenant must comply with the rules of the final move-out inspection form & its potential charges. Deposit will be returned less any deductions with in thirty days after residence is vacated if: a) Lease term has expired or agreement has been terminated by both parties; and b) All monies due Owner / Landlord / Agent by Resident have been paid; and c) Residence is not damaged and is left in its original condition, normal wear and tear excepted; and d) Owner / Landlord / Agent is in receipt of copy of paid final bills on all utilities (includes gas, electric, water, garbage, and telephone). e) Deposit will not be returned if Resident leaves before lease time is completed. Deposit may be applied by Owner to satisfy all or part of Resident’s obligations and such act shall not prevent Owner / Landlord / Agent from claiming damages in excess of the deposit. Resident may not apply the deposit to any of the rent payment. f) Keys have been returned and a forwarding address left. Resident acknowledges that he has approved and signed the “Residential Rental Property Move In /Move Out Inspection Form” for any existing damages to residence and has been given the right to inspect same. VI.
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Indemnification Deposit. Landlord acknowledges receipt of one thousand three hundred fifty dollars ($1,350), as a deposit to indemnify Landlord against damage to the Property and furnishings and for Tenant’s fulfillment of the conditions of this agreement. Deposit will be returned to Tenant no later than twenty-one (21) days after the residence is vacated provided: • Lease term has expired or agreement has been terminated by both parties; and • All monies due Landlord by Tenant have been paid; and • Residence is not damaged and is left in its original condition, normal wear and tear expected, and • Landlord is in receipt of copy of paid final bills on all utilities (includes gas, electric, cable and telephone). • Deposit may be applied by Landlord to satisfy all or part of Tenant’s obligations and such act shall not prevent Landlord from claiming damages in excess of the deposit. Tenant may NOT apply the deposit to any of the rent payment. • Tenant has provided Landlord with ▇▇▇▇▇▇’s new address.
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Related to Indemnification Deposit

  • Indemnification Escrow (a) Subject to the applicable limitations set forth in this Article X, any amounts due by Seller to Purchaser pursuant to this Article X shall be first satisfied from the Escrowed Shares. To the extent that Purchaser is determined to be owed by Seller amounts in excess of the Indemnification Holdback Amount, Purchaser may seek payment for such amounts from Seller, subject to the limitations set forth in Section 10.4. (b) If Seller does not dispute any claim made by Purchaser against Seller, Seller and Purchaser shall provide written instructions to the Escrow Agent in accordance with the Escrow Agreement to disburse to Purchaser a number of Escrowed Shares equal to the amount of the undisputed claim divided by the Per Share Price. If Seller does dispute any claim made by Purchaser, then upon the final non-appealable determination of the amount in question (or an agreement between the Parties), as applicable, with respect to such claim, Seller and Purchaser shall provide written instructions to the Escrow Agent to disburse to Purchaser a number of Escrowed Shares equal to the amount determined by such final, non-appealable determination or agreement to be due pursuant to the terms of the Indemnification Escrow Agreement divided by the Per Share Price. (c) On the first (1st) anniversary of the Closing Date, Purchaser and Seller shall instruct the Escrow Agent to release to Seller all of the then-remaining Escrowed Shares, save and except a number of Escrowed Shares equal to (i) the sum of (A) Ten Million Dollars ($10,000,000) plus (B) the aggregate amount of all unsatisfied claims for indemnification that Purchaser has validly made against Seller on or before such date pursuant to this Article X and which are subject to satisfaction (in whole or in part) from the Escrowed Shares, divided by (ii) the Per Share Price. On the date that is eighteen (18) months after the Closing Date, Purchaser and Seller shall instruct the Escrow Agent to release to Seller the then-remaining Escrowed Shares, save and except a number of Escrowed Shares equal to the aggregate amount of all unsatisfied claims for indemnification that Purchaser has validly made against Seller on or before such date pursuant to this Article X and which are subject to satisfaction (in whole or in part) from the Escrowed Shares, divided by the Per Share Price. (d) The Parties agree to provide joint written instructions to the Indemnification Escrow Agent to distribute the Escrowed Shares as and when provided in this Agreement.

  • Indemnification Payment Indemnitee shall be entitled to indemnification of Expenses, and shall receive payment thereof, from the Company in accordance with this Agreement as soon as practicable after Indemnitee has made written demand on the Company for indemnification, unless the Reviewing Party has given a written opinion to the Company that Indemnitee is not entitled to indemnification under applicable law.

  • Indemnification Etc 55 9.1 Survival of Representations, Etc.............................................................. 55 9.2

  • Indemnification Payments The indemnification required by Sections 6.1 and Section 6.2 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or expense, loss, damage or liability is incurred.

  • Release; Indemnification (a) In further consideration of the execution of this Amendment by the Administrative Agent and the Lenders, each Loan Party, individually and on behalf of its successors (including any trustees acting on behalf of such Loan Party and any debtor in possession with respect to such Loan Party), assigns, Subsidiaries and Affiliates (collectively, the “Releasors”), hereby forever releases each Agent and ▇▇▇▇▇▇ and their respective successors, assigns, parents, Subsidiaries, Affiliates, officers, employees, directors, agents and attorneys (collectively, the “Releasees”) from any and all debts, claims, demands, liabilities, responsibilities, disputes, causes, damages, actions and causes of actions (whether at law or in equity) and obligations of every nature whatsoever, whether liquidated or unliquidated, whether known or unknown, whether matured or unmatured, whether fixed or contingent that such Releasor has, had or may have against the Releasees, or any of them, which arise from or relate to any actions which the Releasees, or any of them, have or may have taken or omitted to take in connection with the Credit Agreement or the other Loan Documents prior to the date hereof, including with respect to the Obligations, any Collateral, the Credit Agreement, any other Loan Document and any third party liable in whole or in part for the Obligations. This provision shall survive and continue in full force and effect whether or not each Loan Party shall satisfy all other provisions of this Amendment or the other Loan Documents, including payment in full of all Obligations. Each Releasor understands, acknowledges and agrees that the foregoing release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. (b) Each Loan Party hereby acknowledges and agrees that such Loan Party’s obligations under this Amendment shall include an obligation to indemnify and hold the Releasees harmless with respect to any indemnified liabilities in any manner relating to or arising out of the negotiation, preparation, execution, delivery, performance, administration and enforcement of this Amendment to the extent required by Section 11.04(b) of the Credit Agreement.