Common use of LOCKER LICENCE Clause in Contracts

LOCKER LICENCE. 1.1. The Bank as a licensor hereby grants to the Customer/s the license to use the safe deposit locker, the details of which are more particularly described above in this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2. The Customer/s hereby accepts to be a Licensee/s (hereinafter referred to as “Licensee/s”) in terms hereof for fee as specified above in the Agreement by way of rent (the “Rent”). 1.3. The Licensee/s agree/s to license, subject to the rules, terms & conditions mentioned herein and as amended from time to time. Rent may be payable by debit to the Licensee/s account, or, from the Term Deposit/s placed by way of Advance Rent and / or Security Deposit. The said license shall continue until such license to use the Locker shall be determined in accordance with the terms & conditions contained herein and as amended from time to time. However, the Bank reserves the right to revise the Rent payable to the Bank by the Licensee/s from time to time and the Licensee/s hereby agree/s to pay the revised Rent upon receipt of a notice from the Bank in this regard. Upon non-payment of regular rent or, rent at the revised rate, the Bank may determine this Agreement and call upon the Licensee/s to surrender the Locker. In the event of no response, where the Rent remains outstanding and overdue, the Bank shall break open the Locker after serving due notices. The Locker License details are further specified under Schedule herein. 1.4. The license to use the Locker hereby granted is: a) Personal and for the Licensee's own use and not for the use of any person other than the Licensee; b) Non-transferable; c) Only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing any cash or currency; d) Not for storing: • arms, weapons, explosives, drugs and/or any contraband material; and/or • any perishable material and/or radioactive material and/or any illegal substance; and/or • any material which can create any hazard or nuisance to the Bank or to any of its customers. If the Bank suspects any deposit being non-permissible in nature, it reserves the right, at its sole discretion, to take appropriate action as it deems fit and proper against the Licensee. 1.5. The Licensee shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement. 1.6. The Licensee shall be allowed to operate the Locker: a) On a working day of the Bank during the specific time notified from time to time by the Bank for locker operation and in absence of such notification, during the business hours of the Bank and such timings shall be strictly observed. However, in the event of the Bank not being able to operate for any reason beyond its control such as flood, riot, curfew, lockout, pandemic, epidemic, earthquake, etc., the Bank shall not have any obligation to allow operation of Locker; b) After the Licensee entering the details of such operation in the Bank's records in the form and manner as stipulated by the Bank; and c) After the Licensee provides identity proof, if so, demanded by the Bank.

LOCKER LICENCE. 1.1. 1.1 The Bank as a licensor hereby grants to the Customer/s Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described above in the Schedule-I to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2. 1.2 The Customer/s Customer hereby accepts to be a Licensee/s (hereinafter referred to as “Licensee/s”) the license granted in terms hereof for fee as specified above in the Agreement Schedule-I by way of rent (the “Rent”). 1.3. The Licensee/s agree/s to license, subject to the rules, terms & conditions mentioned herein and as amended from time to time. Rent may 1.3 Locker rent will be payable by debit in advance up to the Licensee/s account, or, from the Term Deposit/s placed by way 31st March of Advance Rent and / or Security Deposit. The said license shall continue until such license to use the Locker shall be determined financial year in accordance with the terms & conditions contained herein and as amended from time to time. However, the Bank reserves the right to revise the Rent payable to the Bank by the Licensee/s from time to time and the Licensee/s hereby agree/s to pay the revised Rent upon receipt of a notice from the Bank in this regard. Upon non-payment of regular rent or, rent at the revised rate, the Bank may determine which this Agreement and call upon the Licensee/s is executed, on pro-rata basis After that, locker rent will be recovered every year up to surrender the Locker. In the event of no response, where the Rent remains outstanding and overdue, the Bank shall break open the Locker 30 June after serving due notices. The Locker License details are further specified under Schedule hereinthis penalty will be charged. 1.4. 1.4 The license to use the Locker hereby granted is: (a) Personal and for the Licensee's Customer’s own use and not for the use of any person other than the LicenseeCustomer; (b) Non-Non- transferable; (c) Only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing any cash or currency; (d) Not for storing: • arms, weapons, explosives, drugs and/or any contraband material; and/or • any perishable material and/or radioactive material and/or any illegal substance; and/or • any material which can create any hazard or nuisance to the Bank or to any of its customers. If the Bank suspects any deposit being non-permissible in nature, it reserves the right, at its sole discretion, to take appropriate action as it deems fit and proper against the Licensee. 1.5. 1.5 The Licensee Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement. 1.6. (i) arms, weapons, explosives, drugs and/ or any contraband material; and/ or (ii) any perishable material and/ or radioactive material and/ or any illegal substance /or any material the use of which is prohibited by laws of India); and/or (iii) any material which can create any hazard or nuisance to the Bank or to any of its customers. 1.5 The Licensee Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement. 1.6 The Customer shall be allowed to operate the Locker: (a) On a working day of the Bank during the specific time notified from time to time by the Bank for locker operation and in absence of such notification, during the business hours of the Bank and such timings shall be strictly observedBank. However, in the event of the Bank is not being able to operate for any reason beyond its control such as flood, riot, curfew, lockout, pandemic, epidemic, earthquake, lockout etc., the Bank shall not have any obligation to allow operation of Locker;. (b) After the Licensee Customer entering the details of such operation in the Bank's ’s records in the form and manner as stipulated by the Bank; andnamely sign the Safe Deposit Locker Access Register which shall be verified by the Bank for having access to the locker; (c) After the Licensee provides provide identity proof, if so, demanded by the Bank. 1.7 Where a hirer is desirous of operating Locker through duly authorized agent then, access to the hirer's Agent or Attorney should be allowed only against a Power of Attorney, in such form as may be stipulated by Bank, The Power of Attorney shall be specific and mention the locker number also. Power of Attorney holder can operate the locker but cannot surrender it. 1.8 In the event of surrender of a locker by a customer, he/she shall be charged rent upto the month in which locker is surrendered and advance rent, if any collected, for the remaining period shall be refunded.

LOCKER LICENCE. 1.1. 1.1 The Bank as a licensor hereby grants to the Customer/s Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described above in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2. 1.2 The Customer/s Customer hereby accepts to be a Licensee/s (hereinafter referred to as “Licensee/s”) the license granted in terms hereof for fee as specified above in the Agreement Schedule by way of rent (the “Rent”). 1.3. The Licensee/s agree/s ) which shall be paid on or before the ….. day of …………… every year failing which the Customer shall be liable to license, subject to pay penalty/ penal interest for defaulted rentals as per the rules, terms & conditions mentioned herein and as amended schedule of service charges issued by the bank from time to time. Rent may be payable by debit to the Licensee/s account, or, from the Term Deposit/s placed by way of Advance Rent and / or Security Deposit. The said license Bank shall continue until such license to use the Locker shall be determined in accordance with the terms & conditions contained herein and as amended from time to time. However, the Bank reserves have the right to revise the Rent payable to the Bank by the Licensee/s rent from time to time under intimation to the Customer. The customer shall apart from the rent, remit to/place with the Bank a Term Deposit which would cover three years’ rent and the Licensee/s charges for breaking open the locker in case of such eventuality. The customer hereby agree/s to pay the revised Rent upon receipt of a notice from agrees that the Bank shall have an unqualified right to adjust the said deposit amount towards rent in this regard. Upon non-payment of regular rent or, rent at default and other expenses including that to break open the revised rate, the Bank may determine this Agreement and call upon the Licensee/s to surrender the Locker. In locker in the event of default in payment of rent and that the customer shall have no response, where claim afterwards on the Rent remains outstanding and overdue, the Bank shall break open the Locker after serving due notices. The Locker License details are further specified under Schedule hereinsaid amount. 1.4. 1.3 The license to use the Locker hereby granted is: (a) Personal and for the Licensee's Customer’s own use and not for the use of any person other than the LicenseeCustomer; (b) Non-Non- transferable; (c) Only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing any cash or currency; (d) Not for storing: • : (i) arms, weapons, explosives, drugs and/or and/ or any contraband material; and/or • and/ or (ii) any perishable material and/or and/ or radioactive material and/or and/ or any illegal substance; and/or • and/or (iii) any material which can create any hazard or nuisance to the Bank or to any of its customers. If the Bank suspects any deposit being non-permissible in nature, it reserves the right, at its sole discretion, to take appropriate action as it deems fit and proper against the Licensee. 1.5. 1.4 The Licensee Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement. 1.6. 1.5 The Licensee Customer shall be allowed to operate the Locker: (a) On a working day of the Bank during the specific time notified from time to time by the Bank for locker operation and in absence of such notification, during the business hours of the Bank and such timings shall be strictly observedBank. However, in the event of the Bank is not being able to operate for any reason beyond its control such as flood, riot, curfew, lockout, spread of pandemic, epidemic, earthquake, epidemic etc., the Bank shall not have any obligation to allow operation of Locker; (b) After the Licensee Customer entering the details of such operation in the Bank's ’s records in the form and manner as stipulated by the Bank; and (c) After the Licensee Customer provides identity proof, if so, so demanded by the Bank.

LOCKER LICENCE. 1.1. 1.1 The Bank as a licensor hereby grants to the Customer/s Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described above in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2. 1.2 The Customer/s Customer hereby accepts to be a Licensee/s (hereinafter referred to as “Licensee/s”) the license granted in terms hereof for fee as specified above in the Agreement by way of rent payable by the Customer as specified in the Schedule (the “Rent”). 1.3. The Licensee/s agree/s Customer can access Locker free of cost up to license, subject to 5 (five) times in a month. Locker access beyond the rules, terms & conditions mentioned herein and said free limit will attract service charges as amended communicated by the Bank from time to time. . 1.3 The Rent amount specified in Schedule to this Agreement may be payable revised by debit to the Licensee/s account, or, from the Term Deposit/s placed by way of Advance Rent and / or Security Deposit. The said license shall continue until such license to use the Locker shall be determined in accordance with the terms & conditions contained herein and as amended from time to time. However, the Bank reserves the right to revise the Rent payable to the Bank by the Licensee/s from time to time and at its discretion. The Bank will give prior written notice to the Licensee/s hereby agree/s Customer about such revision of Rent with the option to pay terminate the Agreement if the revised Rent upon receipt is not acceptable to the Customer. 1.4 In the event of a notice from merger, closure, shifting of branch warranting physical relocation of the Bank in this regard. Upon non-payment of regular rent or, rent at the revised rateLockers, the Bank may determine shall give public notice in two newspapers (including one local daily in vernacular language) in this Agreement regard and call upon the Licensee/s Customer shall be intimated at least two (2) months in advance along with alternative options to surrender change or close the Locker. In the event case of no responseunplanned shifting due to natural calamities or any other such emergency situation, where the Rent remains outstanding and overdue, the Bank shall break open the Locker after serving due notices. The Locker License details are further specified under Schedule hereintake efforts to intimate Customers suitably. 1.4. 1.5 The license to use the Locker hereby granted is: (a) Personal and for the Licensee's Customer’s own use and not for the use of any person other than the LicenseeCustomer; (b) Non-Non- transferable; (c) Only for legitimate purposes such as storing of valuables like precious goods, jewelry and documents but not for storing any cash or currency; (d) Not for storing: • : (i) arms, weapons, explosives, drugs and/or and/ or any contraband material; and/or • and/ or (ii) (ii) any perishable material and/or and/ or radioactive material and/or and/ or any illegal substance; and/or • and/or (iii) any material which can create any hazard or nuisance to the Bank or Bank, to any of its customers. If customers or the Bank suspects any deposit being non-permissible in nature, it reserves the right, at its sole discretion, to take appropriate action as it deems fit locker storage infrastructure and proper against the Licenseepremises. 1.5. 1.6 The Licensee Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement. 1.6. 1.7 The Licensee Customer shall be allowed to operate the Locker: (a) On a working day of the Bank during the specific time notified from time to time by the Bank for locker operation and in absence of such notification, during the business hours of the Bank and such timings shall be strictly observedBank. However, in the event of the Bank is not being able to operate for any reason beyond its control such as flood, riot, curfew, lockout, pandemic, epidemic, earthquake, lockout etc., the Bank shall not have any obligation to allow operation of Locker; (b) After the Licensee Customer entering the details of such operation in the Bank's ’s records in the form and manner as stipulated by the Bank; and (c) After the Licensee Customer provides identity proofproof and other Bank prescribed documents, if so, demanded by the Bank.

LOCKER LICENCE. 1.1. 1.1 The Bank as a licensor hereby grants to the Customer/s Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described above in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2. 1.2 The Customer/s Customer hereby accepts to be a Licensee/s (hereinafter referred to as “Licensee/s”) the license granted in terms hereof for fee as specified above in the Agreement Schedule by way of rent (the “Rent”). 1.3. The Licensee/s agree/s ) which shall be paid on or before the ….. day of …………… every year failing which the Customer shall be liable to license, subject to pay penalty/ penal interest for defaulted rentals as per the rules, terms & conditions mentioned herein and as amended schedule of service charges issued by the bank from time to time. Rent may be payable by debit to the Licensee/s account, or, from the Term Deposit/s placed by way of Advance Rent and / or Security Deposit. The said license Bank shall continue until such license to use the Locker shall be determined in accordance with the terms & conditions contained herein and as amended from time to time. However, the Bank reserves have the right to revise the Rent payable to the Bank by the Licensee/s rent from time to time under intimation to the Customer. The customer shall apart from the rent, remit to/place with the Bank a Term Deposit which would cover three years’ rent and the Licensee/s charges for breaking open the locker in case of such eventuality. The customer hereby agree/s to pay the revised Rent upon receipt of a notice from agrees that the Bank shall have an unqualified right to adjust the said deposit amount towards rent in this regard. Upon non-payment of regular rent or, rent at default and other expenses including that to break open the revised rate, the Bank may determine this Agreement and call upon the Licensee/s to surrender the Locker. In locker in the event of default in payment of rent and that the customer shall have no response, where claim afterwards on the Rent remains outstanding and overdue, the Bank shall break open the Locker after serving due noticessaid amount. The Locker License details are further specified under Schedule hereinsaid Xxxx Xxxxxxx may be maintained by the customer only if so requested by the Bank. 1.4. 1.3 The license to use the Locker hereby granted is: (a) Personal and for the Licensee's Customer’s own use and not for the use of any person other than the LicenseeCustomer; (b) Non-Non- transferable; (c) Only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing any cash or currency; (d) Not for storing: • : (i) arms, weapons, explosives, drugs and/or and/ or any contraband material; and/or • and/ or (ii) any perishable material and/or and/ or radioactive material and/or and/ or any illegal substance; and/or • and/or (iii) any material which can create any hazard or nuisance to the Bank or to any of its customers. If the Bank suspects any deposit being non-permissible in nature, it reserves the right, at its sole discretion, to take appropriate action as it deems fit and proper against the Licensee. 1.5. 1.4 The Licensee Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement. 1.6. 1.5 The Licensee Customer shall be allowed to operate the Locker: (a) On a working day of the Bank during the specific time notified from time to time by the Bank for locker operation and in absence of such notification, during the business hours of the Bank and such timings shall be strictly observedBank. However, in the event of the Bank is not being able to operate for any reason beyond its control such as flood, riot, curfew, lockout, spread of pandemic, epidemic, earthquake, epidemic etc., the Bank shall not have any obligation to allow operation of Locker; (b) After the Licensee Customer entering the details of such operation in the Bank's ’s records in the form and manner as stipulated by the Bank; and (c) After the Licensee Customer provides identity proof, if so, so demanded by the Bank.