Common use of Service Retainer Clause in Contracts

Service Retainer. The Service Retainer will be held as a retainer for performance of all your obligations under this Agreement, including the Membership Fee Obligations, and is not intended to be a reserve from which fees may be paid. In the event you owe us other fees, you may not rely on deducting them from the Service Retainer, but must pay them separately. We are entitled to offset amounts owed by you under this Agreement with the amounts we hold with respect to your Service Retainer, following notice from us that such amounts are owed and outstanding, and if we elect to do so, you shall be requested to pay to us any amounts required to reinstate the total amounts due with respect to the Service Retainer under this Agreement within seven (7) days of receiving a notice from us. Upon termination of the Agreement, we will return the Service Retainer, or any balance after deducting outstanding fees and other costs due to us, including any unsatisfied Membership Fee Obligations, to you by bank transfer or other method that we communicate to you within thirty (30) days (or earlier if required by applicable law) after the later of (i) the termination or expiration of this Agreement and (ii) the date on which you provide to us all account information necessary for us to make such payment. Return of the Service Retainer is also subject to your complete performance of all your obligations under this Agreement, including full satisfaction of your Membership Fee Obligations and any additional obligations applicable following termination or expiration of this Agreement.

Service Retainer. The Service Retainer will be held as a retainer for performance of all your Member Company’s obligations under this Agreement, including the Membership Fee ObligationsObligations and any fees related to Add-Ons, and is not intended to be a reserve from which fees may be paid. In the event you owe us Member Company owes WeWork other fees, you Member Company may not rely on deducting them from the Service Retainer, Retainer but must pay them separately. We are WeWork shall be entitled to offset amounts owed by you under this Agreement with the amounts we hold with respect to your held as the Service Retainer, Retainer following notice from us that such amounts are owed and outstanding, and if we elect WeWork elects to do so, you Member Company shall be requested to pay to us any amounts required to reinstate the total amounts due with respect Service Retainer balance to the Service Retainer under this Agreement amount set forth in the Membership Details Form within seven (7) days of receiving a notice from usnotice. Upon termination of the Agreement, we WeWork will return the Service Retainer, or any balance after deducting outstanding fees and other costs due to usamounts due, including any unsatisfied Membership Fee Obligations, to you Member Company by bank transfer or other method that we communicate WeWork communicates to you Member Company within thirty (30) days (or earlier if required by applicable law) after the later of (i) the termination or expiration of this Agreement and (ii) the date on which you provide Member Company provides to us WeWork all account information necessary for us WeWork to make such payment. Return of the Service Retainer is also subject to your Member Company’s complete performance of all your its obligations under this Agreement, including full satisfaction of your the Membership Fee Obligations and any additional obligations applicable following termination or expiration of this Agreement.

Service Retainer. The Service Retainer will be held as a retainer for performance of all your Member Company’s obligations under this Agreement, including the Membership Fee Obligations, and is not intended to be a reserve from which fees may be paid. In the event you owe us Member Company owes WeWork other fees, you Member Company may not rely on deducting them from the Service Retainer, Retainer but must pay them separately. We are WeWork shall be entitled to offset amounts owed by you under this Agreement with the amounts we hold with respect to your held as the Service Retainer, Retainer following notice from us that such amounts are owed and outstanding, and if we elect WeWork elects to do so, you Member Company shall be requested to pay to us any amounts required to reinstate the total amounts due with respect Service Retainer balance to the Service Retainer under this Agreement amount set forth in the Membership Details Form within seven (7) days of receiving a notice from usnotice. Upon termination of the Agreement, we WeWork will return the Service Retainer, or any balance after deducting outstanding fees and other costs due to usamounts due, including any unsatisfied Membership Fee Obligations, to you Member Company by bank transfer or other method that we communicate WeWork communicates to you Member Company within thirty (30) days (or earlier if required by applicable law) after the later of (i) the termination or expiration of this Agreement and (ii) the date on which you provide Member Company provides to us WeWork all account information necessary for us WeWork to make such payment. Return of the Service Retainer is also subject to your Member Company’s complete performance of all your its obligations under this Agreement, including full satisfaction of your the Membership Fee Obligations and any additional obligations applicable following termination or expiration of this Agreement.. DocuSign Envelope ID: 2F36A9C7-FD06-41C4-9F79-0A252296D2EF