Common use of Use of Security Deposit Clause in Contracts

Use of Security Deposit. CommsChoice must hold the Security Deposit as security for the payment of any sums due under this Agreement. If you fail to pay any amount due on the due date for payment, CommsChoice may immediately deduct that amount from the Security Deposit is set-off of your payment obligation.

Use of Security Deposit. CommsChoice must hold the Security Deposit as security for the payment of any sums due under this Agreement. If you fail to pay any amount due on the due date for payment, CommsChoice may immediately deduct that amount from the Security Deposit is in set-off of the your payment obligation.