Electric Bike Subscription Refundable Deposit

The Deposit is a deposit against default by the Lessee of payment of any Rental Payments, any loss of or damage caused to the Equipment, any administration charges for failed payments, any collection of equipment required due to damage and the failure to return battery keys or battery chargers at the end of subscription. The Lessee shall, on the Commencement Date, pay a deposit to the Lessor. If the deposit is not paid the Order will be cancelled.