Appropriation of Security Deposit. Upon occurrence of a Licensee’s Default, Maha-Metro shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Security Deposit as Damages for such Licensee Default or failure to meet any Condition Precedent. Upon such encashment and appropriation from the Security Deposit, the Licensee shall, within 30 (thirty) days thereof, replenish, in case of partial appropriation, to its original level the Security Deposit, and in case of appropriation of the entire Security Deposit provide a fresh Security Deposit, as the case may be, and the Licensee shall, within the time so granted, replenish or furnish fresh Security Deposit as aforesaid failing which Maha-Metro shall be entitled to terminate this Agreement. Upon replenishment or furnishing of a fresh Security Deposit, as the case may be, as aforesaid, the Licensee shall be entitled to an additional Cure Period of 90 (ninety) days for remedying the Licensee Default, and in the event of the Licensee not curing its default within such Cure Period, Maha-Metro shall be entitled to encash and appropriate such Performance Security as Damages, and to terminate this Agreement in accordance with Article 15.
Appropriation of Security Deposit. 12.2.1. Upon occurrence of a Licensee’s Default, the Maha-Metro shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Security Deposit as Damages for such Licensee Default or failure to meet any Condition Precedent. Upon such encashment and appropriation from the Security Deposit, the Licensee shall, within 30 (thirty) days thereof, replenish, in case of partial appropriation, to its original level the Security Deposit, and in case of appropriation of the entire Security Deposit
Appropriation of Security Deposit. 13.2.1. Upon occurrence of a Licensee’s Default, the Maha-Metro shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Performance Security and/or the Security Deposit as Damages for such Licensee Default or failure to meet any Condition Precedent. Upon such encashment and appropriation from the Performance Security and/or the Security Deposit, the Licensee shall, within 30 (thirty) days thereof, replenish, in case of partial appropriation, to its original level the Performance Security and/or the Security Deposit, and in case of appropriation of the entire Performance Security and/or the Security Deposit provide a fresh Performance Security and/or the Security Deposit, as the case may be, and the Licensee shall, within the time so granted, replenish or furnish fresh Performance Security and/or the Security Deposit as aforesaid failing which the Maha-Metro shall be entitled to terminate this Agreement. Upon replenishment or furnishing of a fresh Performance Security and/or the Security Deposit, as the case may be, as aforesaid, the Licensee shall be entitled to an additional Cure Period of 90 (ninety) days for remedying the Licensee Default, and in the event of the Licensee not curing its default within such Cure Period, the Maha-Metro shall be entitled to encash and appropriate such Security Deposit as Damages, and to terminate this Agreement in accordance with “ARTICLE 17
Appropriation of Security Deposit. 3.2.1 If the Tenant fails to punctually observe and/or perform its obligations under this Agreement and/or the Tenant is in breach and/or default of any provisions of this Agreement the Landlord may in its absolute discretion apply/appropriate so much of the Security Deposit as it thinks fit to make good and/or to compensate it for loss or damage sustained or suffered by the Landlord due to or arising from such breach. Any appropriation by the Landlord shall not be deemed to be a waiver of the Landlord’s claim for any outstanding monies owing by the Tenant to the Landlord and/or other remedies or rights conferred upon the Landlord in law or in equity or under this Agreement in respect of the Tenant’s breach and/or default and shall not in any way prejudice any other remedies and/or rights of the Landlord arising from such breach and/or default by the Tenant.
Appropriation of Security Deposit. 6.1.1 After obtaining Stage-II clearances, the Lessee has to furnish to the Lessor a refundable security deposit of INR 1,00,000 per MW (Rupees One Lakh per Mega Watt) of capacity proposed to be developed as part of the Project (format placed at Schedule 2). The Security Deposit shall remain in force and effect until the completion of decommissioning whereupon it shall, subject to the terms of this Seabed lease deed agreement, be released forthwith.
6.1.2 The applicant shall pay a yearly lease fee at a rate of rupees one lakh per square kilometre per year in advance, calculated for each square kilometre or part thereof covered by the lease. The fee is required to be deposited within one month from the letter of demand from the Lease Issuing Authority.
Appropriation of Security Deposit. 12.2.1. Upon occurrence of a Licensee’s Default, the Maha-Metro shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Security Deposit as Damages for such Licensee Default or failure to meet any Condition Precedent. Upon such encashment and appropriation from the Security Deposit, the Licensee shall, within 30 (thirty) days thereof, replenish, in case of partial appropriation, to its original level the Security Deposit, and in case of appropriation of the entire Security Deposit provide a fresh Security Deposit, as the case may be, and the Licensee shall, within the time so granted, replenish or furnish fresh Security Deposit as aforesaid failing which the Maha-Metro shall be entitled to terminate this Agreement. Upon replenishment or furnishing of a fresh
Appropriation of Security Deposit. 13.2.1. Upon occurrence of a Licensee’s Default, the Authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Security Deposit as Damages for such Licensee Default or failure to meet any Condition Precedent. Upon such encashment and appropriation from the Security Deposit, the Licensee shall, within 30 (thirty) days thereof, replenish, in case of partial appropriation, to its
Appropriation of Security Deposit. 9.1.1 Before signing Seabed Lease Deed Agreement, the Concessionaire has to furnish to the Concessioning authority a refundable security deposit of INR 1,00,000 per MW (Rupees One Lakh per Mega Watt) of capacity proposed to be developed as part of the Project.
9.1.2 The applicant shall pay a yearly lease fee at a rate of rupees one lakh per square kilometre per year in advance, calculated for each square kilometre or part thereof covered by the lease. The fee is required to be deposited within one month from the letter of demand from the Lease Issuing Authority.
9.1.3 Upon occurrence of a default on the part of the Concessionaire, the Concessioning authority shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to encash and appropriate the relevant amounts from the Security Deposit as damages for such default. Upon such encashment and appropriation from the Security Deposit, the Concessionaire shall, within 30 (thirty) days thereof, replenish the Security Deposit, in case of partial appropriation, to its original level, and in case of appropriation of the entire Security Deposit, provide a fresh Security Deposit. In case the damages are higher than the Security Deposit, the Concessionaire shall also be liable to pay the same.
9.1.4 In the event of termination of this Seabed lease deed agreement on account of an event of default on the part of the Concessionaire, the Concessioning authority shall be entitled to forfeit and appropriate the Security Deposit.
Appropriation of Security Deposit. 9.1.1 The Lessee has, simultaneous with the execution of this Agreement, furnished to the Lessor, for study and survey, a refundable security deposit of INR 10 Crore.
9.1.2 The Lessee has, simultaneous with the execution of this Agreement, furnished to the Lessor, for grant of Lease, a refundable security deposit of Rs (total amount calculated based on Rs 1 Lakh per MW capacity proposed to be developed) in accordance of Offshore Wind Energy Lease Rules, 2023.
Appropriation of Security Deposit. Upon occurrence of a O&M Operator Event of Default, Kannur Airport shall, without prejudice to its other rights and remedies hereunder or in law, be entitled to appropriate the relevant amounts from the Performance Security as damages for such O&M Operator Event of Default. Upon such appropriation from the Performance Security, the O&M Operator shall, within 15 (fifteen) days thereof, replenish, in case of partial appropriation, to its original level the Performance Security, and in case of appropriation of the entire Performance Security provide afresh Performance Security, and the O&M Operator shall, within the time so granted, replenish or furnish fresh Performance Security as aforesaid failing which Kannur Airport shall be entitled to terminate this Contract in accordance with Article 18. Upon replenishment or furnishing of a fresh Performance Security, as the case may be, as aforesaid, the O&M Operator shall be entitled to an additional Cure Period of 30 (thirty) days for remedying the O&M Operator Event of Default, and in the event of the O&M Operator not curing its default within such Cure Period, Kannur Airport shall be entitled to appropriate such Performance Security as damages, and to terminate this Contract in accordance with Article 18. Further, Kannur Airport shall be at liberty to invite for bids at the risks and costs of the O&M Operator. 14 CHARGE S FOR CARGO HANDLING SE RVICE S
14.1. The O&M Operator agrees and acknowledges that the prices charged by the O&M Operator for providing the Cargo Handling Services shall be as follows.
a) Cost per kilogram of international cargo handled – INR [insert financial bid]
b) Cost per kilogram of domestic cargo handled – INR [insert financial bid] However, the O&M Operator is free to charge at a lower rate than prescribed hereinabove.
