Common use of Performance Deposit Clause in Contracts

Performance Deposit. Permittee shall maintain with the Port a performance deposit (the “Performance Deposit”) in the initial amount set forth on Exhibit “5”, and complying with and subject to the provisions of Section 27 of Attachment ”A” to this Permit, including without limitation the provisions of Section 27 of Attachment ”A” relating to adjustments to the amount of Permittee’s Performance Deposit. The existence or amount of the Performance Deposit shall not limit Permittee’s liability or the Port’s rights in the event Permittee fails to make any payments to Port required by this Permit or to comply with any of Permittee’s other obligations under this Permit.

Performance Deposit. Permittee shall maintain with the Port a performance deposit (the “Performance Deposit”) in the initial amount set forth on Exhibit “5”of $ , and complying with and subject to the provisions of Section 27 Paragraph T of Attachment ”“A” to this Permit, including without limitation the provisions of Section 27 Paragraph T of Attachment ”“A” relating to adjustments to the amount of Permittee’s Performance Deposit. The existence or amount of the Performance Deposit shall not limit Permittee’s liability or the Port’s rights in the event Permittee fails to make any payments to the Port required by this Permit or to comply with any of Permittee’s other obligations under this Permit.