Forfeiture of Security Deposit. The Chandigarh Transport Undertaking shall have absolute rights and powers for forfeiture of said Security Deposit, in case of breach of any clause of this Agreement, without any prior notice and no claim whatsoever on this count shall be entertained.
Forfeiture of Security Deposit. In case the Institute is obliged to make any recoveries on any account from the Security Deposit of the service provider, the service provider shall be obliged to make good the Security Deposit amount within a period of 10 (ten) days after the receipt of information in this regard, failing which the service provider shall have to pay an interest of 12 percent per annum for the period of delay in making good the Security Deposit.
Forfeiture of Security Deposit. In the event of damage to any landscaping, sprinkler systems, restrooms, buildings, artifacts, and/or any property contained within the Park by User, User's guests, employees, or agents, the security deposit will be applied toward the repair and/or replacement of all damages. In the event damages exceed the amount of the Security Deposit, User will be responsible to pay the balance of all remaining outstanding costs related to the repair or replacement of all damages.
Forfeiture of Security Deposit. Whenever the contract is rescinded as a whole under clause 62 (1) of these conditions, the Security Deposit already with railways under the contract shall be forfeited. However, in case the contract is rescinded in part or parts under clause 62 (1) of these conditions, the Security Deposit shall not be forfeited.
Forfeiture of Security Deposit. Once a lease is executed by the Lessees and counter-signed by the Lessor, a legally binding contract is created, even if Lessees have not yet taken occupancy or the new lease term has not yet begun. If Lessees decide before Lessees’ lease term begins that Lessees wish to live elsewhere or otherwise terminate the lease, Lessees shall be completely responsible for finding new tenants and collecting the replacement security deposit. If Lessor is required to assist in finding new Lessees, one-half the security deposit (minimum $500) will automatically be forfeited, in addition to charges for damages and other fees due Lessor. Further, if unit remains vacant after the new lease term starts, Lessees who originally executed the lease shall remain responsible for rent and utilities until unit is re-rented. Lead-Based Paint. Houses built before 1978 may contain lead-based paint, which can pose health hazards, particularly to young children and pregnant women. Lessor affirms that he has no knowledge, records or reports pertaining to lead-based paint or hazards from lead-based paint to the subject property. Lessee acknowledges that he has received this information and the pamphlet Protect Your Family From Lead in Your Home.
Forfeiture of Security Deposit. In the event of breach of any terms or condition of Dealership agreement. NSC will forfeit the entire security deposit after giving a show cause notice in writing and thus the certificate of appointment and agreement made will be treated as cancelled.
Forfeiture of Security Deposit. The security deposit of any persons whose tender is accepted shall be forfeited in cases of-
a) Who fails to execute the agreement within 30 days on receipt of letter of acceptance.
b) Who fails to carry out any of the conditions mentioned above.
c) Who fails to carry out the provisions of the agreement.
d) The successful tenderer has to run the contract to its full term of 05 (five) years. No premature with drawl will be permitted. The total security deposit will be forfeited if he withdraws from the contract in the middle of the contract period.
Forfeiture of Security Deposit. Xxxxxxxx’x security deposit in the amount of $1,400.00 is forfeit in favor of Singers.
Forfeiture of Security Deposit. The Railway administration reserves the right to forfeit Security Deposit/deduct the dues from the lease holder on the following grounds:
4.1 Forfeiture:
a) In the event of failure of the highest bidder/ allottee of the contract to start loading within the stipulated period,
b) if the leaseholder terminates the contract before completion of one year contract period
Forfeiture of Security Deposit. In the event of breach of an agreement of / any terms or conditions by the distributor, the corporation if feel, shall forfeit the security deposit & revoke the distributorship.
