Common use of Interest Free Refundable Security Deposit Clause in Contracts

Interest Free Refundable Security Deposit. (IFRSD) 8.1.1 THE LESSEE shall pay and always maintain the IFRSD as per details given in Annexure-C-I(a) with THE LESSOR, during the Lease Term and the Lease Renewal Term, if any. 8.1.2 The aforesaid IFRSD shall automatically stand proportionately increased and payable upon escalation in Warm Shell Rent, as mentioned in Annexure C-I(a) of this Lease Deed and shall be paid by THE LESSEE along with the first payment of the escalated Warm Shell Rent to THE LESSOR.

Interest Free Refundable Security Deposit. (IFRSD) 8.1.1 THE LESSEE shall pay and always maintain the IFRSD as per details given in Annexure-C-I(aI (a) with THE LESSOR, during the Lease Term and the Lease Renewal Term, if any. 8.1.2 The aforesaid IFRSD shall automatically stand proportionately increased and payable upon escalation in Warm Shell Rent, as mentioned in Annexure C-I(aI (a) of this Lease Deed and shall be paid by THE LESSEE along with the first payment of the escalated Warm Shell Rent to THE LESSOR.

Interest Free Refundable Security Deposit. (IFRSD) 8.1.1 THE LESSEE shall pay and always maintain the IFRSD as per details given in Annexure-C-I(aI (a) with THE LESSOR, during the Lease Term and the Lease Renewal Term, if any. 8.1.2 The aforesaid IFRSD shall automatically stand proportionately increased and payable upon escalation in Warm Shell Rent, as mentioned in Annexure C-I(a) of this Lease Deed and shall be paid by THE LESSEE along with the first payment of the escalated Warm Shell Rent to THE LESSOR.