Right to Use Deposits Sample Clauses

The "Right to Use Deposits" clause grants one party, typically the landlord or service provider, the authority to utilize funds held as a deposit under certain conditions. In practice, this means the deposit can be applied to cover unpaid rent, repair damages, or address other breaches of contract by the depositor. This clause ensures that the party holding the deposit has a clear, contractual right to access those funds to mitigate losses, thereby reducing financial risk and providing a straightforward mechanism for resolving outstanding obligations.
POPULAR SAMPLE Copied 1 times
Right to Use Deposits. Upon release of any Deposits to Registry Operator pursuant to Section 9, Registry Operator (or its assignee in accordance with the TLD Sponsorship Agreement), and subject to Section 9.4 above, shall immediately have the right to exercise or have exercised all rights in the Deposits necessary to provide registry services. Upon release of any Deposits to ICANN pursuant to Section 9, ICANN (or its assignee in accordance with the Sponsored TLD Registry Agreement) shall immediately have the right, subject to Section 9.4 above, to exercise or have exercised all rights in the Deposits pursuant to the Sponsored TLD Registry Agreement, including as necessary to provide registry services.
View SourceView Similar (12)
Right to Use Deposits. Upon release of any Deposits to Registry Operator pursuant to Section 9, Registry Operator (or its assignee in accordance with the Registry Agreement), and subject to Section 9.4 above, shall immediately have the right to exercise or have exercised all rights in the Deposits necessary to provide registry services. Upon release of any Deposits to ICANN pursuant to Section 9, ICANN (or its assignee in accordance with the Registry Agreement) shall immediately have the right, subject to Section 9.4 above, to exercise or have exercised all rights in the Deposits pursuant to the Registry Agreement, including as necessary to provide registry services.
View SourceView Similar (7)
Right to Use Deposits. Upon release of any Deposits to Registry pursuant to Section 9, Registry (or its assignee in accordance with the TLD Registry Agreement) shall immediately have the right to exercise or have exercised all rights in the Deposits necessary to provide Registry Services, as that term is defined and detailed in the TLD Registry Agreement. Upon release of any Deposits to ICANN pursuant to Section 9, ICANN (or its assignee in accordance with the TLD Registry Agreement) shall immediately have the right to exercise or have exercised all rights in the Deposits pursuant to the TLD Registry Agreement.
View SourceView Similar (2)
Right to Use Deposits. Upon release of any Deposits to ICANN pursuant to Section 9, ICANN shall immediately have the right to exercise or have exercised all rights in the Deposits necessary to provide registry services, as detailed in Section 3.13 of the Registry Agreement, except that ICANN shall not deliver Deposits released pursuant to Sections 9.1.3, 9.1.4, or
View SourceView Similar (2)
Right to Use Deposits. Upon release of any Deposits to Sponsor pursuant to Section 10 above, Sponsor (or its assignee in accordance with the .POST Sponsored TLD Agreement) shall immediately have the right, subject to Section 10.4 above, to exercise or have exercised all rights in the Deposits pursuant to the .POST Sponsored TLD Agreement as deemed necessary to provide registry services. Upon release of any Deposits to ICANN pursuant to Section 9, ICANN (or its assignee in accordance with the .POST Sponsored TLD Agreement) shall immediately have the right, subject to Section 9.4 above, to exercise or have exercised all rights in the Deposits pursuant to the .POST Sponsored TLD Agreement as deemed necessary to provide registry services. In the event that ICANN and the Sponsor are each entitled to a release of any Deposits pursuant to Section 9 and Section 10, respectively, Escrow Agent may release such Deposit to both ICANN and the Sponsor simultaneously.
View Source
Right to Use Deposits. Upon release of any Deposits to Sponsor pursuant to Section 9, Sponsor (or its assignee in accordance with the TLD Sponsorship Agreement) shall immediately have the right to exercise or have exercised all rights in the Deposits necessary to provide registry services, as detailed in the Registry Agreement. Upon release of any Deposits to ICANN pursuant to Section 9, ICANN (or its assignee in accordance with the TLD Sponsorship Agreement) shall immediately have the right to exercise or have exercised all rights in the Deposits pursuant to the TLD Sponsorship Agreement.
View Source
Right to Use Deposits. Upon release of any Deposits to ICANN pursuant to Section 9, ICANN shall immediately have the right to exercise or have exercised all rights in the Deposits necessary to provide registry services for the TLD, as detailed in Section 6.4 of the Registry Agreement, except that ICANN shall not deliver Deposits released pursuant to Sections 9.1.3, 9.1.4, or 9.1.5 to a third party for use so long as (a) the Registry Agreement is in effect, (b) Registry Operator is providing Registry Services in conformity with the requirements of the Registry Agreement, and (c) Registry Operator provides Deposits directly to ICANN according to the Exhibits 1, 2, and 3 of Appendix 1 (modified to make ICANN rather than Escrow Agent the recipient), and the Deposits pass the verification procedures specified in Exhibit 4 of Appendix 1.
View Source
Right to Use Deposits. Upon release of any Deposits to Registry Operator pursuant to Section 9, Registry Operator (or its assignee in accordance with the Registry Agreement), and subject to Section
View Source

Related to Right to Use Deposits

  • Time Deposits Without prejudice to any right of set-off any Secured Party may have under any other Finance Document or otherwise, if any time deposit matures on any account the Chargor has with any Secured Party within the Security Period when: (a) this Security has become enforceable; and (b) no Secured Liability is due and payable, that time deposit will automatically be renewed for any further maturity which that Secured Party considers appropriate.

  • Cash Accounts, Deposits and Money Movements Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.

  • Direct Deposits The Credit Union may offer direct deposit options allowing you to preauthorize deposits (i.e., payroll checks, Social Security or retirement checks, or other government checks) or preauthorize transfers from other accounts at the Credit Union. You must authorize any direct deposits to your accounts by a separate authorization form. If applicable, you must notify the Credit Union at least thirty (30) days prior to any direct deposit or preauthorized transfer if you wish to cancel or change the direct deposit or direct transfer option. Upon a filing of a bankruptcy, if you fail to cancel any direct deposit authorization, you instruct your employer and the Credit Union to make and apply direct deposits in accordance with your authorization on file with the Credit Union. If the Credit Union is required to reimburse the U.S. Government for any benefit payment directly deposited into your account for any reason, you agree the Credit Union may deduct the amount returned from any of your accounts, unless prohibited by law.

  • Right to Examine Servicer Records The Owner shall have the right to examine and audit any and all of the books, records, or other information of the Servicer, whether held by the Servicer or by another on its behalf, with respect to or concerning this Agreement or the Mortgage Loans, during business hours or at such other times as may be reasonable under applicable circumstances, upon reasonable advance notice.

  • Returned Deposits ▪ Deposits made using the Mobile Deposit Service will be provisionally credited to your eligible account. You agree that if an original check deposited through the Mobile Deposit Service is subsequently dishonored, rejected or otherwise returned unpaid by the drawee bank, or is rejected or returned by a clearing agent or collecting bank, for any reason, including, but not limited to, issues relating to the quality of the image, that we may charge back the amount of the original check to your account and provide you with an image of the original check, a paper reproduction of the original check or a substitute check. You agree to reimburse us for all loss, cost, damage or expense caused by or relating to the processing of the returned item. Without our approval, you shall not attempt to redeposit or otherwise negotiate an original check if it has been charged back to you. We may debit any of your accounts to obtain payment for any item that has been rejected or returned, for any adjustment related to such item or for any warranty claim related to such item, whether or not the rejection, return, adjustment or warranty claim was made timely.