Refundable Retainer Sample Clauses

A Refundable Retainer clause establishes that an upfront payment made by a client to secure a service provider’s availability is subject to return under certain conditions. Typically, this clause outlines the circumstances under which the retainer will be refunded, such as if the services are not rendered or if the agreement is terminated before work begins. Its core practical function is to protect the client’s funds while ensuring the service provider’s commitment, balancing both parties’ interests and reducing financial risk if the engagement does not proceed as planned.
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Refundable Retainer a. Client will deposit with Center $2,100.00, in good or certified funds, as a non-interest bearing refundable retainer. Center may use the refundable retainer to cure any default of Client under this Agreement, to restore the Premises, including any and all furniture, fixtures and equipment, provided by Center to its original condition and configuration, reasonable wear and tear excepted, to pay for repairs to any damage to the Premises, Facility and/or Building, caused by Client or Client's guests, or to pay any Monthly Office Charge or other charges that Client owes Center at or prior to the expiration of the Term of this Agreement. b. The refundable retainer (less any sums used by Center in accordance with the terms and conditions of this Agreement) will be returned within sixty (60) days after the termination of any services rendered or expiration of the Term. Client may not direct or request that the refundable retainer be applied in lieu of the final payment(s) of Monthly Office Charge or service charges under this Agreement. c. In the event that Center applies any of the refundable retainer deposited pursuant to this Agreement, Center will have the right to charge the Client, and Client will pay, in addition to any Monthly Office Charge, such sums as are necessary to cause the refundable retainer to be returned to its entire original amount.
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Refundable Retainer. A. Client will deposit with center, $3625.00 representing one month's rent; however if any payment due hereunder shall be late more than 10 days, then the balance of the security deposit shall be due and payment immediately, which is $3625.00 representing a second month security, in good or certified funds, as a non-interest, bearing refundable retainer, however if client is late in invoice payment one time an additional month security will be required. Center may use the refundable retainer to cure any default of Client under this Agreement, to restore the Premises, including any and all furniture, fixtures and equipment, provided by Center to its original condition and configuration, reasonable wear and tear expected, to pay for repairs to any damage to the Premises, Facility and/or Building, caused by Client or Client's guests, or to pay any Monthly Office Charge or other charges that Client owes Center at or prior to the expiration of the Term of this Agreement.
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Refundable Retainer. If within 30 banking days the Facilitator is not able to place the loan and allocate a bank or a financial institution ready to provide the required confirmation of the Loan Agreement, the “Retainer for Services” will be refunded in full. It is agreed that the transaction is cancelled without further recourse claims by either one of the parties. 11 VALIDATING THE LOAN AGREEMENT (Euro 20,000 or 0,2% of the loan amount, whatever is higher) 11.01 Responsibility of the Facilitator: Within 30 banking days, the Facilitator will have to confirm to the borrower, to have allocated a lending institution and provide an Invoice for Validation Fees to effect final underwriting of the loan and to commit a bank or financial institution to provide the agreed confirmation of the Loan Agreement via SWIFT as to the Borrower’s instructions within 10 banking days of the receipt of such instructions from the Borrower.
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Refundable Retainer a. Client will deposit with Center $1,800.00 (already on file), in good or certified funds, as a non-interest bearing refundable retainer. Center may use the refundable retainer to cure any default of Client under this Agreement, to restore the Premises, including any and all furniture, fixtures and equipment, provided by Center to its original condition and configuration, reasonable wear and tear excepted, to pay for repairs to any damage to the Premises, Facility and/or Building, caused by Client or Client's guests, or to pay any Monthly Office Charge or other charges that Client owes Center at or prior to the expiration of the Term of this Agreement.
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Related to Refundable Retainer

  • Non-Refundable Payments If the Seller accepts non-refundable payment(s) from a prospective Buyer through a purchase contract, and said ▇▇▇▇▇ does not complete the purchase of the Property, such non-refundable payment(s) shall be distributed equally between the Seller and the Agency up to the commission amount the Agency would have collected if the Property had sold under the agreed upon terms. If the Property is sold afterward to the same or different Buyer, the Agency shall be entitled to a Commission less payments received under this Section.

  • Retainer 1.1.1. County does hereby retain A-E to perform the Projects/Services as required by this Contract. 1.1.2. A-E has offered, and County has accepted, the professional services of ▇▇▇▇▇ ▇▇▇▇▇, P.E., and A-E shall assign him/her to the Projects/Services. 1.1.3. A-E may employ special consultants/contractors for the accomplishment of the Projects/Services specified; and only the firms or independent consultants/contractors identified in Attachment C may be employed by A-E to provide these Projects/Services. 1.1.4. Consultants/contractors may be substituted and/or added by mutual Contract of A-E and the Director, County of Orange, OC Public Works or his designee, hereinafter referred to as 1.1.5. A-E's employment of independent consultants/contractors shall not relieve A-E from the performance of its own responsibilities pursuant to this Contract. However, all consultants/contractors independently contracting with County shall be independently liable to County for the performance of the work pursuant to their agreements, and A-E shall have no liability for work by contractors independently contracting with County.

  • Non-Refundable In the event that the fare purchased by the Passenger does not allow refunds, the ticket may be turned into a credit to be used as a payment method for future purchases for up to one year from the ticket’s original date of issuance. According to the conditions of the purchased fare or regulations established by the authorities of each country.

  • Retainer Fee This Agreement shall have ☐ no retainer fee ☐ a non-refundable retainer fee in the amount of $_ to obtain the Agency’s services under this Agreement (“Retainer Fee”). If a Commission is paid the Retainer Fee shall be deducted from the total Commission amount. The Commission is due and payable at closing by the Buyer. The amount or rate of real estate commissions is not fixed by law. The commission is set by each Broker individually and may be negotiable between the Buyer and the Broker.

  • Fees Non-Refundable All fees set forth in this Section 2.6 shall be deemed to have been earned on the date such payment is due in accordance with the provisions of this Agreement and shall be non-refundable. The obligation of the Borrower to pay such fees in accordance with the provisions of this Agreement shall be binding upon the Borrower and shall inure to the benefit of the Revolving Lenders regardless of whether any Revolving Loans are actually made.