Common use of Disposal of the Clause in Contracts

Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s dues to the Bank (including outstanding Rent, breaking open charges and any other dues) and balance be refunded to the Customer or held for the disposal at the order of the Customer.

Appears in 48 contracts

Samples: Safe Deposit Locker Agreement, Locker Agreement, Safe Deposit Locker Agreement

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Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s 's dues to the Bank (including outstanding Rent, breaking open charges and any other dues) and balance be refunded to the Customer or held for the disposal at the order of the Customer.

Appears in 3 contracts

Samples: Safe Deposit Locker Agreement, Safe Deposit Locker Agreement, Safe Deposit Locker Agreement

Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s dues to the Bank (including outstanding Rent, breaking open charges and any other dues) and balance be refunded to the Customer or held for the disposal at the order of the Customer. Any unclaimed balance shall be dealt with as per internal process of the Bank and in accordance with applicable regulatory guidelines.

Appears in 3 contracts

Samples: Safe Deposit Locker Agreement, Safe Deposit Locker Agreement, Safe Deposit Locker Agreement

Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s Customer‟s dues to the Bank (including outstanding Rent, breaking open charges and any other dues) and balance be refunded to the Customer or held for the disposal at the order of the Customer.

Appears in 2 contracts

Samples: Locker Agreement, Safe Deposit Locker Agreement

Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s dues to the Bank (including outstanding Rent, breaking open charges and any outstanding of the customers as per provision of Section 171 of Contract and any other dues) and balance be refunded to the Customer or held for the disposal at the order of the Customer.

Appears in 2 contracts

Samples: Safe Deposit Locker Agreement, Safe Deposit Locker Agreement

Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s dues to the Bank (including outstanding Rent, breaking open charges and any other dues) and balance be refunded to the Customer or held for the disposal at the order of the Customer.

Appears in 2 contracts

Samples: Safe Deposit Locker Agreement, Safe Deposit Locker Agreement

Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s dues to the Bank (including outstanding Rent, breaking open charges, valuer/assyer fees, safe keeping charges and any other dues) and balance be refunded to the Customer or held for the disposal at the order of the Customer.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the CustomerHirer’s dues to the Bank (including outstanding Rent, breaking open charges and any other dues) and balance be refunded to the Customer Hirer/s or held for the disposal at the order of the Customer.Hirer/s or transferred to the nominee or legal heirs of the Hirer/s.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

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Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s dues to the Bank (including outstanding Rent, breaking open charges and any other dues) and balance be refunded to the Customer or held for the disposal at the order of the CustomertheCustomer.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall hall be applied first towards the Customer’s 's dues to the Bank (including outstanding Rent, breaking open charges and any other dues) and balance be refunded to the Customer or held for the disposal at the order of the Customer.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s 's dues to the Bank (( including outstanding Rent, breaking open charges and any other dues) and balance be refunded to the Customer or held for the disposal at the order of the Customer.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s dues to the Bank (including outstanding Rent, breaking open charges and any other dues) and balance be refunded to the Customer or held for the disposal at the order theorder of the Customer.

Appears in 1 contract

Samples: Safe Deposit Locker Agreement

Disposal of the. articles of the Locker as recorded in the inventory prepared in the manner as stated in the paragraphs above, shall be done either by sale in public auction and the sale proceeds shall be applied first towards the Customer’s 's dues to the Bank (including outstanding Rent, breaking open charges and any other dues) and dues)and balance be refunded to the Customer or held for the disposal at the order of the Customer.

Appears in 1 contract

Samples: Locker Agreement

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