Common use of Use of Security Deposit Clause in Contracts

Use of Security Deposit. (a) We may use your security deposit and interest which has accrued to it to offset any amount owed by you to us, if you: (i) fail to pay an amount owing resulting in the disconnection of your (ii) default on a final bill issued by us when you vacate a premises or ask that the premises be disconnected. (b) Within five business days of using the security deposit, we will advise you why and when it was used and of your obligations to provide a further security deposit. Nothing in this clause 11.6 permits us to require your total security deposit to exceed the amount referred to in clause 11.2.

Appears in 6 contracts

Sources: Standard Connection Contract, Standard Connection Contract, Standard Connection Contract