LOCKER LICENSE Sample Clauses

LOCKER LICENSE a. 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 to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. b. The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Fees”). c. The license to use the Locker hereby granted is: i. personal and for the Customer’s own use and not for the use of any person other than the Customer. ii. non- transferable. iii. only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing any cash or currency. iv. not for storing arms, weapons, explosives, drugs and/ or any contraband material. v. not for storing any perishable material and/ or radioactive material and/ or any illegal substance. vi. not for storing any material which can create any hazard or nuisance to the Bank and/or to other customers of the Bank; and d. 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. e. The Customer shall be allowed to operate the Locker: (i) on the working days of the Bank, and during the specific time notified from time to time by the Bank for locker operations (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 and (ii) after the Customer enters the details of such operation in the Bank’s record in the form and manner as stipulated by the Bank. and (iii) after the Customer provides identity proof, if so, demanded by the Bank.
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LOCKER LICENSE. (a) In consideration of Xxxxx(s) agreeing to pay Locker Fee as specified hereinabove, the Bank hereby grants to the Hirer(s) a revocable license to use and access the Locker for the purpose and the license period herein described. The specific Locker allotted to the Hirer(s) may be re-designated at the sole discretion of the Bank. (b) It is hereby agreed that the relation of the Bank and the Hirer(s) in connection with the Locker is that of licensor and licensee. (c) The Hirer(s) agrees that the Bank has the liberty to change the timings of access to the Locker. (d) The Hirer(s) shall abide by the terms and conditions herein contained and all other rules and regulations in respect of access to the Locker and identification of the Hirer(s) or his/her/their agent (if appointed) which may be prescribed by the Bank from time to time. Failure to comply with the terms and conditions contained herein and the aforementioned rules, regulations, instructions or laws shall constitute a material breach of this Agreement. If any variation of the rules, regulation, Bank terms and conditions, are not acceptable to the Hirer(s), the Hirer(s) may exercise their right to terminate this Agreement. (e) The license to use the Locker hereby granted is: I. personal and for the Hirer(s)’s own use and not for the use of any person other than the Hirer(s); II. non- transferable; III. only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing cash, currency, arms, weapons, explosives, hazardous substances, perishable items, radioactive materials, drugs, contraband or any other material which is hazardous or creates nuisance for the Bank or its customers; (f) The Hirer(s) shall have no right or property in the Locker other than the right to access and use the Locker in accordance with this Agreement and shall not assign or sublet or sub-license the Locker or any part of it. (g) If the Bank suspects the deposit of any substance not permitted under this Agreement by the Hirer(s) in the Locker, the Bank reserves the right to take appropriate action against such Xxxxx(s) as it deems fit and proper in the circumstances. (h) To ensure prompt payment of Locker Fee and recover any charges for breaking open of Locker in case of non-payment of Locker Fees, at the time of allotment of the Locker, the Bank may obtain a term deposit as security. The Bank shall have the right of lien & set off on the said term deposit in case of non-payment of the Lock...
Sample 1
LOCKER LICENSE. 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 to this Agreement ( hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement.
Sample 1
LOCKER LICENSE. 1.1 The Bank as a licensor hereby grants to the Customer as a license, the license to use the safe deposit locker, the details of which are more particularly described 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 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the "Rent"). 1.3 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: (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.
Sample 1

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