Common use of Security Deposit Requirements Clause in Contracts

Security Deposit Requirements. If we require you to pay a security deposit: (a) the security deposit will not be greater than 37.5% of your estimated bills over a 12 month period based on your billing data or the average consumption of electricity by a comparable customer (b) we will pay you interest on your security deposit at the bank bill swap rate, accrued daily and capitalised every 90 days; (c) we will keep the security deposit in a separate trust account and identify it separately in our accounting records; (d) we may apply the security deposit in full or partial satisfaction of amounts you owe to us if: (i) we disconnect the premises because you do not pay a bill and you no longer have a right to reconnection; or (ii) amounts you owe to us for a final bill issued to (e) if we used your security deposit in accordance with clause 15.2(d) of this agreement, we will provide you with a written statement for how the security deposit was used and repay you any outstanding amount within 10 business days; and (f) we will repay the security deposit within 10 business days after: (i) you pay for electricity by the due dates listed on (ii) you leave the premises;

Security Deposit Requirements. If we require you to pay a security deposit: (a) the security deposit will not be greater than 37.5% of your estimated bills over a 12 month period based on your billing data or the average consumption of electricity gas by a comparable customer; (b) we will pay you interest on your security deposit at the bank bill swap rate, accrued daily and capitalised every 90 days; (c) we will keep the security deposit in a separate trust account and identify it separately in our accounting records; (d) we may apply the security deposit in full or partial satisfaction of amounts you owe to us if: (i) we disconnect the premises because you do not pay a bill and you no longer have a right to reconnection; or (ii) amounts you owe to us for a final bill issued toto you; (e) if we used your security deposit in accordance with clause 15.2(d16.2(d) of this agreement, we will provide you with a written statement for how the security deposit was used and repay you any outstanding amount within 10 business days; and (f) we will repay the security deposit within 10 business days after: (i) you pay for electricity gas by the due dates listed onon your bills for two years; (ii) you leave the premises; (iii) we disconnect the premises at your request; or (iv) you transfer to another retailer. Your security deposit will be credited on your next bill if clause 16.2(f)(i) applies, or onto your final bill if clause 16.2(f)(ii), 16.2(f)(iii) or 16.2(f)(iv) applies.