Common use of LOCKER LICENCE Clause in Contracts

LOCKER LICENCE. 1.1 The Bank as a licensor hereby grants to the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described 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 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule-I by way of rent (the “Rent”). 1.3 Locker rent will be payable in advance up to 31st March of financial year in which this Agreement is executed, on pro-rata basis After that, locker rent will be recovered every year up to 30 June after this penalty will be charged. 1.4 The license to use the Locker hereby granted is: (a) Personal and for the Customer’s own use and not for the use of any person other than the Customer; (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: 1.5 The 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. (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 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. 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 etc., the Bank shall not have any obligation to allow operation of Locker. (b) After the Customer entering the details of such operation in the Bank’s records in the form and manner as stipulated by the Bank; namely sign the Safe Deposit Locker Access Register which shall be verified by the Bank for having access to the locker; (c) provide identity proof, if 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 The Bank as a licensor hereby grants to the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule-I Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule-I Schedule by way of rent (the “Rent”)) which shall be paid on or before the ….. day of …………… every year failing which the Customer shall be liable to pay penalty/ penal interest for defaulted rentals as per the schedule of service charges issued by the bank from time to time. The Bank shall have the right to revise the 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 charges for breaking open the locker in case of such eventuality. The customer hereby agrees that the Bank shall have an unqualified right to adjust the said deposit amount towards rent in default and other expenses including that to break open the locker in the event of default in payment of rent and that the customer shall have no claim afterwards on the said amount. 1.3 Locker rent will be payable in advance up to 31st March of financial year in which this Agreement is executed, on pro-rata basis After that, locker rent will be recovered every year up to 30 June after this penalty will be charged. 1.4 The license to use the Locker hereby granted is: (a) Personal and for the Customer’s own use and not for the use of any person other than the Customer; (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: 1.5 : (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; and/or (iii) any material which can create any hazard or nuisance to the Bank or to any of its customers. 1.4 The 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. (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 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. 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 lockout, spread of pandemic, epidemic etc., the Bank shall not have any obligation to allow operation of Locker.; (b) After the Customer entering the details of such operation in the Bank’s records in the form and manner as stipulated by the Bank; namely sign the Safe Deposit Locker Access Register which shall be verified by the Bank for having access to the locker;and (c) provide After the Customer provides 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 as a licensee, Customer/s 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 Customer/s hereby accepts the license granted to be a Licensee/s (hereinafter referred to as “Licensee/s”) in terms hereof for fee as specified above in the Schedule-I Agreement by way of rent (the “Rent”). 1.3 Locker rent will 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 advance up accordance with the terms & conditions contained herein and as amended from time to 31st March 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 financial year a notice from the Bank in which this regard. Upon non-payment of regular rent or, rent at the revised rate, the Bank may determine this Agreement is executedand call upon the Licensee/s to surrender the Locker. In the event of no response, on pro-rata basis After thatwhere the Rent remains outstanding and overdue, locker rent will be recovered every year up to 30 June the Bank shall break open the Locker after this penalty will be chargedserving due notices. The Locker License details are further specified under Schedule herein. 1.4 1.4. The license to use the Locker hereby granted is: (a) Personal and for the Customer’s Licensee's own use and not for the use of any person other than the CustomerLicensee; (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: 1.5 • 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 Customer 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. (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 1.6. The 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 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 BankBank and such timings shall be strictly observed. 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 lockout, pandemic, epidemic, earthquake, etc., the Bank shall not have any obligation to allow operation of Locker.; (b) After the Customer Licensee entering the details of such operation in the Bank’s 's records in the form and manner as stipulated by the Bank; namely sign the Safe Deposit Locker Access Register which shall be verified by the Bank for having access to the locker;and (c) provide After the Licensee provides 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 The Bank as a licensor hereby grants to the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule-I Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2 The Customer hereby accepts the license granted in terms hereof for fee by way of rent payable by the Customer as specified in the Schedule-I by way of rent Schedule (the “Rent”). The Customer can access Locker free of cost up to 5 (five) times in a month. Locker access beyond the said free limit will attract service charges as communicated by the Bank from time to time. 1.3 Locker rent will be payable The Rent amount specified in advance up Schedule to 31st March of financial year in which this Agreement may be revised by the Bank from time to time at its discretion. The Bank will give prior written notice to the Customer about such revision of Rent with the option to terminate the Agreement if the revised Rent is executed, on pro-rata basis After that, locker rent will be recovered every year up not acceptable to 30 June after this penalty will be chargedthe Customer. 1.4 In the event of merger, closure, shifting of branch warranting physical relocation of the Lockers, the Bank shall give public notice in two newspapers (including one local daily in vernacular language) in this regard and the Customer shall be intimated at least two (2) months in advance along with alternative options to change or close the Locker. In case of unplanned shifting due to natural calamities or any other such emergency situation, Bank shall take efforts to intimate Customers suitably. 1.5 The license to use the Locker hereby granted is: (a) Personal and for the Customer’s own use and not for the use of any person other than the Customer; (b) 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: 1.5 : (i) arms, weapons, explosives, drugs and/ or any contraband material; and/ or (ii) (ii) any perishable material and/ or radioactive material and/ or any illegal substance; and/or (iii) any material which can create any hazard or nuisance to the Bank, to any of its customers or the locker storage infrastructure and premises. 1.6 The 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. (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 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 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. 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 etc., the Bank shall not have any obligation to allow operation of Locker.; (b) After the Customer entering the details of such operation in the Bank’s records in the form and manner as stipulated by the Bank; namely sign the Safe Deposit Locker Access Register which shall be verified by the Bank for having access to the locker;and (c) provide After the Customer provides identity proofproof and other Bank prescribed documents, 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 The Bank as a licensor hereby grants to the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule-I Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule-I Schedule by way of rent (the “Rent”)) which shall be paid on or before the ….. day of …………… every year failing which the Customer shall be liable to pay penalty/ penal interest for defaulted rentals as per the schedule of service charges issued by the bank from time to time. The Bank shall have the right to revise the 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 charges for breaking open the locker in case of such eventuality. The customer hereby agrees that the Bank shall have an unqualified right to adjust the said deposit amount towards rent in default and other expenses including that to break open the locker in the event of default in payment of rent and that the customer shall have no claim afterwards on the said amount. The said ▇▇▇▇ ▇▇▇▇▇▇▇ may be maintained by the customer only if so requested by the Bank. 1.3 Locker rent will be payable in advance up to 31st March of financial year in which this Agreement is executed, on pro-rata basis After that, locker rent will be recovered every year up to 30 June after this penalty will be charged. 1.4 The license to use the Locker hereby granted is: (a) Personal and for the Customer’s own use and not for the use of any person other than the Customer; (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: 1.5 : (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; and/or (iii) any material which can create any hazard or nuisance to the Bank or to any of its customers. 1.4 The 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. (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 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. 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 lockout, spread of pandemic, epidemic etc., the Bank shall not have any obligation to allow operation of Locker.; (b) After the Customer entering the details of such operation in the Bank’s records in the form and manner as stipulated by the Bank; namely sign the Safe Deposit Locker Access Register which shall be verified by the Bank for having access to the locker;and (c) provide After the Customer provides 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.