NOW THIS AGREEMENT WITNESSETH AS UNDER Sample Clauses

NOW THIS AGREEMENT WITNESSETH AS UNDER. 1. Unless otherwise mentioned in the subject or context appearing hereinafter, in this Agreement, words and expressions shall, unless the context otherwise requires, have the same meaning as is respectively assigned to them herein under:

NOW THIS AGREEMENT WITNESSETH AS UNDER. 1. At the instance of the Licensee the Escrow Agent has opened a Escrow Account being Account No. with , solely for the proposes of this to duly secure the interest of DMRC in terms of the said License Agreement. DMRC and the Licensee hereby appoint (NAME OF BANK ) and (NAME OF BANK ), hereby accepts the appointment as the Escrow Agent in respect of the amounts deposited in the Escrow Account and to hold and administer the proceeds in the said Escrow Account in accordance with the terms and conditions contained herein.

NOW THIS AGREEMENT WITNESSETH AS UNDER. The lease shall be for a period of ______________ months / years

NOW THIS AGREEMENT WITNESSETH AS UNDER. 1 That the Probationer shall devote himself / herself honestly, diligently and efficiently and to best of his / her knowledge and skill in receiving training.

NOW THIS AGREEMENT WITNESSETH AS UNDER. At the instance of the Licensee the Escrow Agent has opened a Escrow Account being Account No. with , solely for the proposes of this to duly secure the interest of Maha-Metro in terms of the said Concession Agreement. Maha-Metro and the Licensee hereby appoint (NAME OF BANK ) and (NAME OF BANK ), xxxxxx accepts the appointment as the Escrow Agent in respect of the amounts deposited in the Escrow Account and to hold and administer the proceeds in the said Escrow Account in accordance with the terms and conditions contained herein. The CONCESSIONAIRE hereby unconditionally and irrevocably agree to receive and deposit all receivables of whatsoever nature from sub-leasing/ sub-licensing the use of the built-up spaces or otherwise the Licensed Area at the Specified Area into the Escrow account with the Escrow Agent. The CONCESSIONAIRE agrees to deposit the amounts received in cash at the Escrow Account within 24 hours from the receipt thereof or the immediate next working day in case of a Bank holiday. The CONCESSIONAIRE shall not give credit or make any adjustment against the receivables for any payment due from the Licensee. The CONCESSIONAIRE hereby acknowledges and undertakes not to open or establish any another account other than the Escrow Account with any Bank or Body Corporate for the receipt/ deposit of the receivables from sub-licensing the use of the built-up space or otherwise from the facilities at the Specified Area. The CONCESSIONAIRE shall ensure that no other person is authorized to utilize or appropriate any part of the receivables received from sub-licensing the builtup spaces at the Specified Area. The Escrow Agent has an irrevocable authority to remit and the Escrow Agent shall direct the due remittance to Maha-Metro the amounts becoming due from the CONCESSIONAIRE to Maha-Metro under the LEAES/CONCESSION Agreement as per the claims made by Maha-Metro from time to time. Maha-Metro shall always have the first charge over the project receivables, however the said shall be limited to the extent of amount to be received by Maha-Metro in that respective year. So long any amount is outstanding to Maha-Metro from the Licensee as per the Claims made by Maha-Metro, the amounts in the Escrow Account shall not be utilized for any other purpose other than for making outstanding payments to Maha-Metro. The CONCESSIONAIRE shall ensure and maintain minimum balance equal to one quarterly recurring payment in Maha-Metro Escrow Account/ Maha-Metro Account a...

NOW THIS AGREEMENT WITNESSETH AS UNDER. 1. At the instance of the Licensee, the Escrow Agent has opened an Escrow Account being Account No. With (branch) in the name of solely for the proposes of this Agreement and to duly secure the interest of CMRL/LICENSOR. CMRL/LICENSOR and the Licensee hereby appoint Bank (address) and Bank hereby accepts the appointment as the Escrow Agent in respect of the amounts deposited in the Escrow Account and to hold and administer the proceeds in the said Escrow Account in accordance with the terms and conditions Contained herein.

NOW THIS AGREEMENT WITNESSETH AS UNDER. 1. At the instance of the Lessee the Escrow Agent has opened a Escrow Account being Account No. with , solely for the proposes of this to duly secure the interest of DMRC in terms of the said Lease Agreement. DMRC and the Lessee hereby appoint (NAME OF BANK ) and (NAME OF BANK ), xxxxxx accepts the appointment as the Escrow Agent in respect of the amounts deposited in the Escrow Account and to hold and administer the proceeds in the said Xxxxxx Account in accordance with the terms and conditions contained herein.

NOW THIS AGREEMENT WITNESSETH AS UNDER. 1) The Borrower agrees and confirms that this Agreement is and shall be supplemental to the said Principal Facility Cum Pledge Agreement dated and shall always be read in conjunction with the same and with all the agreements already executed.

NOW THIS AGREEMENT WITNESSETH AS UNDER. The Depositor understands that the DEPOSITORY accepts three types of deposits:

NOW THIS AGREEMENT WITNESSETH AS UNDER. 1. That the tenancy shall commence from to ……………………….. i.e. for a period of 11 months.