A SECURITY DEPOSIT Sample Clauses

A SECURITY DEPOSIT. (i) The successful tenderer whose tender is accepted will have to pay Rs.278349/- towards the Security Deposit (ii) Rs.278349/- is to be deposited in cash or bank guarantee of scheduled bank, F.D.R. of the scheduled bank / National Saving Certificate duly pledged in the name of the Executive Engineer Minor Irrigation Division Zilla Parishad,Akola, towards the initial Security Deposit, valid within the time limit prescribed in clause 1 of B-1 Form, agreement till completion of defect liabilities period failing which his xxxxxxx money will be forfeited to Government. (iii) In addition to the above, an amount of Rs. 278349/- will be deducted from the running bills at 2 % of value of the xxxxx xxxx towards balance security deposit. This is a compulsory deduction.
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A SECURITY DEPOSIT. The successful tenderer whose tender is accepted will have to pay Rs. 32000/-towards the Security Deposit.
Sample 1
A SECURITY DEPOSIT. (i)The successful tenderer whose tender is accepted will have to pay Rs 1,18,100/-towards the Security Deposit (ii) Rs 59,050/- is to be deposited in cash or bank guarantee of scheduled bank, F.D.R. of the scheduled bank / National Saving Certificate duly pledged in the name of the Executive Engineer,Public Works Division , Wardha towards the initial Security Deposit, valid within the time limit prescribed in clause 1 of B-1 Form, agreement till completion of defect liabilities period failing which his xxxxxxx money will be forfeited to Government.
Sample 1
A SECURITY DEPOSIT. (i) The successful tenderer whose tender is accepted will have to pay towards the Security Deposit (ii) Rs. /- is to be deposited by challen towards the initial Security Deposit which will remain with the ZP till completion of defect liabilities period failing which his earnest money will xx xxxfeited to Government. (iii) In addition to the above, an amount of Rs. /- will be deducted from the running bills at 2 % of value of the gross bill towards xxxxxxx xecurity deposit. This is a compulsory deduction.
Sample 1
A SECURITY DEPOSIT. (i) The successful tenderer whose tender is accepted will have to pay 5% amount towards the Security Deposit (ii) Rs. 1.5% of tender amount for open & Rs.2.5% for MSS & Unemployed Engineers is to be deposited by challan towards the initial Security Deposit which will remain with the ZP till completion of defect liabilities period failing which his earnest money will be forfeited to Zilla Parishad Sangli. (iii) In addition to the above, an amount of Rs. /- will be deducted from the running bills at 2.5 % of value of the gross bill towards balance security deposit. This is a compulsory deduction.
Sample 1
A SECURITY DEPOSIT. (i) The successful tenderer whose tender is accepted will have to pay 4% of towards the Security Deposit (ii) 2% is to be deposited in cash or bank guarantee of scheduled bank, F.D.R. of the scheduled bank / National Saving Certificate duly pledged in the name of the Executive Engineer Integrated Unit (M) P.W Nagpur towards the initial Security Deposit, valid within the time limit prescribed in clause 1 of B-1 Form, agreement till completion of defect liabilities period failing which his xxxxxxx money will be forfeited to Government. (iii) In addition to the above, an amount will be deducted from the running bills at 2 % of value of the xxxxx xxxx towards balance security deposit. This is a compulsory deduction.
Sample 1
A SECURITY DEPOSIT. The successful tenderer whose tender is accepted will have to pay Rs.108800/- towards the Security Deposit Rs. 54400/- is to be deposited in cash or bank guarantee of scheduled bank, F.D.R. of the scheduled bank / National Saving Certificate duly pledged in the name of the Executive Engineer Minor Irrigation Division Zilla Parishad,Akola, towards the initial Security Deposit, valid within the time limit prescribed in clause 1 of B-1 Form, agreement till completion of defect liabilities period failing which his xxxxxxx money will be forfeited to Government. In addition to the above, an amount of Rs. 54400/- will be deducted from the running bills at 2 % of value of the xxxxx xxxx towards balance security deposit. This is a compulsory deduction.
Sample 1
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A SECURITY DEPOSIT. Rs.1, 50,000/-(Rupees One Lakh and Fifty Thousand only) will be collected from the successful tenderer. The Security deposit shall be deposited before start of the work. 4.2.1. Security Deposit may be furnished in any one of the following forms: 4.2.1.1. Pay Order, Demand Draft in favour of BHEL 4.2.1.2. Local cheques of scheduled banks, subject to realization. 4.2.1.3. Securities available from Post Offices such as National Savings Certificates, Kisan Xxxxx Xxxxxx etc. (Certificates should be held in the name of Contractor furnishing the security and duly pledged in favour of BHEL and discharged on the back). 4.2.1.4. Bank Guarantee from Scheduled Banks/ Public Financial Institutions as defined in the Companies Act. The Bank Guarantee format should have the approval of BHEL. 4.2.1.5. Fixed Deposit Receipt issued by Scheduled Banks/ Public Financial Institutions as defined in the Companies Act. The FDR should be in the name of the contractor, A/C BHEL, duly discharged on the back. 4.2.1.6. Security deposit can also be recovered at the rate of 10% from the running bills. However in such cases at least 50% of the Security Deposit should be collected before start of the work and the balance 50% may be recovered from the running bills. 4.2.2. EMD of the successful tenderer can be converted and adjusted against the security deposit. 4.2.3. The security deposit shall not carry any interest. 4.2.4. Security deposit shall be refunded to the contractor on satisfactory completion of contract in accordance with the terms of the contract.
Sample 1
A SECURITY DEPOSIT. (i) The successful tenderer whose tender is accepted will have to pay Security Deposit towards the (ii) Rs /-is to be deposited in cash or bank guarantee of Nationalised or Schedule bank , F.D.R./T.D.R of the duly pledged in the name of the Executive Engineer, Works Dn.No.2, Yavatmal towards the initial Security Deposit, valid within the time limit prescribed in clause 1 of B-1 Form, agreement till completion of defect liabilities period failing which his xxxxxxx money will be forfeited to Government. (iii) In addition to the above, an amount of Rs /-will be deducted from the running bills at 3 % of value of the xxxxx xxxx towards balance security deposit. This is a compulsory deduction.
Sample 1

Related to A SECURITY DEPOSIT

  • Security Deposit Tenant has deposited or concurrently herewith is depositing with Landlord the sum set forth in Article 1.F. of the Basic Lease Provisions as security for the full and faithful performance of every provision of this Lease to be performed by Tenant. If Tenant breaches any provision of this Lease, including but not limited to the payment of rent, Landlord may use all or any part of this security deposit for the payment of any rent or any other sums in default, or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant's default. If any portion of said deposit is so used or applied, Tenant shall, within five (5) days after written demand therefor, deposit funds with Landlord in a form acceptable under Section 3(b) above and in an amount sufficient to restore the security deposit to its full amount. Tenant agrees that Landlord shall not be required to keep the security deposit in trust, segregate it or keep it separate from Landlord's general funds, but Landlord may commingle the security deposit with its general funds and Tenant shall not be entitled to interest on such deposit. At the expiration of the Term, and provided there exists no default by Tenant hereunder, the security deposit or any balance thereof shall be returned to Tenant (or, at Landlord's option, to Tenant's "Transferee", as such term is defined in Article 15 below), provided that subsequent to the expiration of this Lease, Landlord may retain from said security deposit (i) an amount reasonably estimated by Landlord to cover potential Direct Cost reconciliation payments due with respect to the calendar year in which this Lease terminates or expires (such amount so retained shall not, in any event, exceed ten percent (10%) of estimated Direct Cost payments due from Tenant for such calendar year through the date of expiration or earlier termination of this Lease and any amounts so retained and not applied to such reconciliation shall be returned to Tenant within thirty (30) days after Landlord's delivery of the Statement for such calendar year), (ii) any and all amounts reasonably estimated by Landlord to cover the anticipated costs to be incurred by Landlord to remove any signage provided to Tenant under this Lease, to remove cabling and other items required to be removed by Tenant under Section 29(b) below and to repair any damage caused by such removal (in which case any excess amount so retained by Landlord shall be returned to Tenant within thirty (30) days after such removal and repair), and (iii) any and all amounts permitted by law or this Article 4. Tenant hereby waives the provisions of Section 1950.7 of the California Civil Code and all other provisions of law, now or hereafter in effect, which provide that Landlord may claim from a security deposit only those sums reasonably necessary to remedy defaults in the payment of rent, to repair damage caused by Tenant or to clean the Premises, it being agreed that Landlord may, in addition, claim those sums specified in this Article 4 above, and all of Landlord's damages under this Lease and California law including, but not limited to, any damages accruing upon termination of this Lease under Section 1951.2 of the California Civil Code and/or those sums reasonably necessary to compensate Landlord for any other loss or damage, foreseeable or unforeseeable, caused by the acts or omissions of Tenant or any officer, employee, agent, contractor or invitee of Tenant.

  • Rent and Security Deposit i. Tenant agrees to pay to Landlord for the Leased Premises in lawful money of the United States rent for the first twelve (12) months of the term hereof at the rate of Fifteen Dollars ($15.00) per square foot of occupied space, in advance, except that the monthly installment which otherwise shall be due on the commencement date recited above, shall be due and payable on the date hereof. Thereafter one such monthly installment shall be due and payable without demand on or before the first day of each calendar month succeeding the commencement date; further provided, that the rental payment for any fractional calendar month at the commencement or end of the Lease term shall be prorated. The rate charged for rent shall increase by $0.50 (Fifty Cents) per year for each such succeeding twelve (12) month period. ii. In addition, Tenant agrees to deposit with Landlord on the date hereof the sum of One Thousand Dollars ($1,000.00), which sum shall be held by Landlord, without obligation for interest, as security for the full, timely and faithful performance of Tenant's covenants and obligations under this Lease, it being expressly understood and agreed that such deposit is not an advance rental deposit or a measure of Landlord's damages in case of Tenant's default. Upon the occurrence of any event of default by Tenant, Landlord may, from time to time, without prejudice to any other remedy provided herein or provided by law, use such funds to the extent necessary to make good any arrears of rent or other payments due to Landlord hereunder, and any other damage, injury, expense or liability caused by any event of Tenant's default; and Tenant shall pay to Landlord on demand the amount so applied in order to restore the security deposit to its original amount. Although the security deposit shall be deemed the property of Landlord, any remaining balance of such deposit shall be returned by Landlord to Tenant at such time after termination of this Lease when Landlord shall have determined that all Tenant's obligations under this Lease have been fulfilled. Subject to the other terms and conditions contained in this Lease, if the Building is conveyed by Landlord, said deposit may be turned over to Landlord's grantee, and if so, Tenant hereby releases Landlord from any and all liability with respect to said deposit and its application or return.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one)

  • Additional Security Deposit No additional security deposit shall be required in connection with this Amendment.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.” (b) The Xxxxxxx Money Deposit shall be held by Escrow Agent subject to the terms and conditions of an Escrow Agreement dated as of the date of this Contract entered into by Seller, Buyer and Escrow Agent (the “Escrow Agreement”). The Xxxxxxx Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes; provided, however, to the extent that Buyer instructs the Escrow Agent to apply the Xxxxxxx Money Deposit toward the Purchase Price in accordance with Section 2.4, interest shall be deemed to have accrued to the benefit of Buyer and be reportable by Buyer for income tax purposes.

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • Additional Deposit For reasons of administration, the right is reserved to require payment by parents of an additional deposit (Additional Deposit), as shown on the fees list for the relevant year, in the case of a pupil whose normal residence is outside the United Kingdom. The Additional Deposit will be retained in the general funds of the School until the Pupil leaves and will be repaid by means of a credit without interest to the final payment of Fees or other sums due to the School on leaving, unless stated otherwise in these terms and conditions. See also clause 9.8.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Return of Security Deposit (a) We must return your security deposit and any accrued interest in the following circumstances: (i) you complete 1 years’ payment (in the case of residential customers) or 2 years’ payment (in the case of business customers) by the pay-by dates on our initial bills; or (ii) subject to clause 14.3 of this contract, you stop purchasing energy at the relevant premises under this contract. (b) If you do not give us any reasonable instructions, we will credit the amount of the security deposit, together with any accrued interest, to your next bill.

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