a. On or before the Effective Date, Member shall pay to CC one-month’s Member Payment on the signature page of this Membership Agreement to be held by CC for the full, faithful and punctual performance by Member of the terms, covenants and conditions contained herein for the full term of this Membership Agreement (the “Deposit”).
b. If, at any time, Member fails to fully, faithfully and punctually perform any of the terms, covenants and conditions contained within this Membership Agreement, then CC may apply any part or the whole of the Deposit to compensate CC for any damage CC may have suffered or will suffer because of such failure to perform by Member, including a termination fee equal to the Membership Payment of the Member for the 30-day period immediately preceding such termination. Use by CC of the Deposit in whole or in part shall in no way preclude CC from recovering from Member any and all additional damages or expenses that CC may suffer by reason of any violation by Member of the terms, covenants and conditions contained herein.
c. If this Membership Agreement is terminated in accordance with the terms contained in this Membership Agreement, then the Deposit minus any amounts applied by CC pursuant to Section 12b shall be returned by CC to Member within a reasonable period of time following said termination.