Common use of Refund of Security Deposits Clause in Contracts

Refund of Security Deposits. The Security Deposits, shall be the amounts kept with THE LESSOR against due performance of obligations and payments of all dues by THE LESSEE under the Lease Deed. THE LESSOR shall be entitled, at any time with intimation to THE LESSEE, to utilize and make deduction(s) from the Security Deposits, of an amount, which in the opinion of THE LESSOR, is/ are equivalent to the outstanding dues of THE LESSEE, or for making good any loss or damage caused or permitted to be caused to THE LESSOR or Demised Premises by THE LESSEE. THE LESSEE shall be required to forthwith replenish the Security Deposits to the full amount upon any deduction(s) made by THE LESSOR under any provision of this Lease Deed. THE LESSOR shall provide to THE LESSEE the statement of the outstanding dues payable by THE LESSEE, if any, and other estimated charges payable under the Lease Deed, supported with relevant documents, Fifteen (15) days prior to the expiry of the Lease Term/ Lease Renewal Term (if any) and THE LESSEE undertakes to clear the aforesaid amounts and provide the TDS certificates regarding the payments made to THE LESSOR within the permissible time frame as per the income tax regulations. Simultaneous to the expiry/ earlier termination of this Lease Deed and upon THE LESSEE surrendering peaceful, vacant and physical possession of the Demised Premises in as good condition as it was in at the time when THE LESSEE was handed over the Demised Premises for fit outs, reasonable wear and tear excepted, subject to THE LESSEE making payment of any and all outstanding dues/ claims for damages (if any) under this Lease Deed or Lease Renewal Term (if any) separately to THE LESSOR, THE LESSOR shall refund all Security Deposits as mentioned above to THE LESSEE, without any interest. However, such refund is subject to adjustment or deduction of dues with respect to the TDS (if any) and outstanding dues under this Lease Deed including Warm shell Rent, Maintenance Charges, Power Charges/ claims for damages (if any) under this Lease Deed or renewal thereof, if the above are not paid by THE LESSEE. In case of any delay by THE LESSOR in refunding the Security Deposits to THE LESSEE as aforesaid, provided such delay is not attributable to THE LESSEE, THE LESSOR shall pay an interest of 15% per annum for the period of such delay.

Refund of Security Deposits. The Security Deposits, Deposits shall be the amounts kept with THE LESSOR against or its nominee(s) / assign(s) to secure the due performance of obligations and including payments of all dues by THE LESSEE under the Lease Deedthis Xxxxx Xxxx. THE LESSOR shall be entitled, at any time with intimation to THE LESSEEtime, to utilize and make deduction(s) from the Security Deposits, Deposits of an amountamount(s), which in the opinion of THE LESSOR, is/ is / are equivalent to the outstanding dues of THE LESSEE, LESSEE in accordance with the terms of this Lease Deed or for making good any loss or damage caused or permitted to be caused to THE LESSOR or Demised Premises by THE LESSEE. THE LESSEE shall be required to forthwith replenish the Security Deposits to the full amount upon any deduction(s) made by THE LESSOR under any provision of this Lease Deed. THE LESSOR shall provide to THE LESSEE the statement of the outstanding dues payable by THE LESSEE, if any, and other estimated charges payable under the this Lease Deed, supported with relevant documents, Fifteen five (1505) days prior to the expiry of the Lease Term/ Term / Lease Renewal Term (Term, if any) , and THE LESSEE undertakes to clear pay the aforesaid amounts not later than the date of expiry / earlier termination of this Lease Deed and provide the TDS certificates regarding the payments made to THE LESSOR within the permissible requisite time frame period as per provided under the income tax regulationsIncome Tax Act, 1961 and the rules framed thereunder. Simultaneous to the expiry/ Upon expiry / earlier termination of this Lease Deed and upon THE LESSEE surrendering peaceful, vacant and physical possession of the Demised Premises in as good condition as it was in at the time when THE LESSEE was handed over the Demised Premises for fit outs, interior fit‑out works (reasonable wear and tear excepted), subject to THE LESSEE making payment of any and all outstanding dues/ dues, penalties, claims for damages (if any) under this Lease Deed or Lease Renewal Term (Term, if any) , separately to THE LESSOR, THE LESSOR or its nominee(s) / assign(s) shall refund all Security Deposits as mentioned above to THE LESSEE, without any interestinterest thereon. However, such refund is shall be subject to adjustment or deduction of dues with respect to the TDS (if any) and outstanding dues under this Lease Deed including Warm shell Rentdues, Maintenance Chargespenalties, Power Charges/ claims for damages (if any) under this Lease Deed or renewal thereof, if the above same are not paid by THE LESSEE. In case of any delay by THE LESSOR in refunding the Security Deposits to THE LESSEE as aforesaid, provided such delay is not attributable to THE LESSEE, THE LESSOR shall pay an interest of 15% per annum for the period of such delay.

Refund of Security Deposits. The Security Deposits, Deposits shall be the amounts kept with THE LESSOR against or its nominee(s) / assign(s) to secure the due performance of obligations and including payments of all dues by THE LESSEE under the this Lease Deed. THE LESSOR shall be entitled, at any time with intimation to THE LESSEEtime, to utilize and make deduction(s) from the Security Deposits, Deposits of an amountamount(s), which in the opinion of THE LESSOR, is/ is / are equivalent to the outstanding dues of THE LESSEE, LESSEE in accordance with the terms of this Lease Deed or for making good any loss or damage caused or permitted to be caused to THE LESSOR or Demised Premises by THE LESSEE. THE LESSEE shall be required to forthwith replenish the Security Deposits to the full amount upon any deduction(s) made by THE LESSOR under any provision of this Lease Deed. THE LESSOR shall provide to THE LESSEE the statement of the outstanding dues payable by THE LESSEE, if any, and other estimated charges payable under the this Lease Deed, supported with relevant documents, Fifteen five (1505) days prior to the expiry of the Lease Term/ Term / Lease Renewal Term (Term, if any) , and THE LESSEE undertakes to clear pay the aforesaid amounts not later than the date of expiry / earlier termination of this Lease Deed and provide the TDS certificates regarding the payments made to THE LESSOR within the permissible requisite time frame period as per provided under the income tax regulationsIncome Tax Act, 1961 and the rules framed thereunder. Simultaneous to the expiry/ Upon expiry / earlier termination of this Lease Deed and upon THE LESSEE surrendering peaceful, vacant and physical possession of the Demised Premises in as good condition as it was in at the time when THE LESSEE was handed over the Demised Premises for fit outs, interior fit- out works (reasonable wear and tear excepted), subject to THE LESSEE making payment of any and all outstanding dues/ dues, penalties, claims for damages (if any) under this Lease Deed or Lease Renewal Term (Term, if any) , separately to THE LESSOR, THE LESSOR or its nominee(s) / assign(s) shall refund all Security Deposits as mentioned above to THE LESSEE, without any interestinterest thereon. However, such refund is shall be subject to adjustment or deduction of dues with respect to the TDS (if any) and outstanding dues under this Lease Deed including Warm shell Rentdues, Maintenance Chargespenalties, Power Charges/ claims for damages (if any) under this Lease Deed or renewal thereof, if the above same are not paid by THE LESSEE. In case of any delay by THE LESSOR in refunding the Security Deposits to THE LESSEE as aforesaid, provided such delay is not attributable to THE LESSEE, THE LESSOR shall pay an interest of 15% per annum for the period of such delay.

Refund of Security Deposits. The Security Deposits, Deposits shall be the amounts kept with THE LESSOR against or its nominee(s) / assign(s) to secure the due performance of obligations and including payments of all dues by THE LESSEE under the this Lease Deed. THE LESSOR shall be entitled, at any time with intimation to THE LESSEEtime, to utilize and make deduction(s) from the Security Deposits, Deposits of an amountamount(s), which in the opinion of THE LESSOR, is/ is / are equivalent to the outstanding dues of THE LESSEE, LESSEE in accordance with the terms of this Lease Deed or for making good any loss or damage caused or permitted to be caused to THE LESSOR or Demised Premises by THE LESSEE. THE LESSEE shall be required to forthwith replenish the Security Deposits to the full amount upon any deduction(s) made by THE LESSOR under any provision of this Lease Deed. THE LESSOR shall provide to THE LESSEE the statement of the outstanding dues payable by THE LESSEE, if any, and other estimated charges payable under the this Lease Deed, supported with relevant documents, Fifteen five (1505) days prior to the expiry of the Lease Term/ Term / Lease Renewal Term (Term, if any) , and THE LESSEE undertakes to clear pay the aforesaid amounts not later than the date of expiry / earlier termination of this Lease Deed and provide the TDS certificates regarding the payments made to THE LESSOR within the permissible requisite time frame period as per provided under the income tax regulationsIncome Tax Act, 1961 and the rules framed thereunder. Simultaneous to the expiry/ Upon expiry / earlier termination of this Lease Deed and upon THE LESSEE surrendering peaceful, vacant and physical possession of the Demised Premises in as good condition as it was in at the time when THE LESSEE was handed over the Demised Premises for fit outs, interior fit-out works (reasonable wear and tear excepted), subject to THE LESSEE making payment of any and all outstanding dues/ dues, penalties, claims for damages (if any) under this Lease Deed or Lease Renewal Term (Term, if any) , separately to THE LESSOR, THE LESSOR or its nominee(s) / assign(s) shall refund all Security Deposits as mentioned above to THE LESSEE, without any interestinterest thereon. However, such refund is shall be subject to adjustment or deduction of dues with respect to the TDS (if any) and outstanding dues under this Lease Deed including Warm shell Rentdues, Maintenance Chargespenalties, Power Charges/ claims for damages (if any) under this Lease Deed or renewal thereof, if the above same are not paid by THE LESSEE. In case of any delay by THE LESSOR in refunding the Security Deposits to THE LESSEE as aforesaid, provided such delay is not attributable to THE LESSEE, THE LESSOR shall pay an interest of 15% per annum for the period of such delay.

Refund of Security Deposits. The Security Deposits, Deposits shall be the amounts kept with THE LESSOR against or its nominee(s) / assign(s) to secure the due performance of obligations and including payments of all dues by THE LESSEE under the Lease Deedthis Xxxxx Xxxx. THE LESSOR shall be entitled, at any time with intimation to THE LESSEEtime, to utilize and make deduction(s) from the Security Deposits, Deposits of an amountamount(s), which in the opinion of THE LESSOR, is/ is / are equivalent to the outstanding dues of THE LESSEE, LESSEE in accordance with the terms of this Lease Deed or for making good any loss or damage caused or permitted to be caused to THE LESSOR or Demised Premises by THE LESSEE. THE LESSEE shall be required to forthwith replenish the Security Deposits to the full amount upon any deduction(s) made by THE LESSOR under any provision of this Lease Deed. THE LESSOR shall provide to THE LESSEE the statement of the outstanding dues payable by THE LESSEE, if any, and other estimated charges payable under the this Lease Deed, supported with relevant documents, Fifteen five (1505) days prior to the expiry of the Lease Term/ Term / Lease Renewal Term (Term, if any) , and THE LESSEE undertakes to clear pay the aforesaid amounts not later than the date of expiry / earlier termination of this Lease Deed and provide the TDS certificates regarding the payments made to THE LESSOR within the permissible requisite time frame period as per provided under the income tax regulationsIncome Tax Act, 1961 and the rules framed thereunder. Simultaneous to the expiry/ Upon expiry / earlier termination of this Lease Deed and upon THE LESSEE surrendering peaceful, vacant and physical possession of the Demised Premises in as good condition as it was in at the time when THE LESSEE was handed over the Demised Premises for fit outs, interior fit- out works (reasonable wear and tear excepted), subject to THE LESSEE making payment of any and all outstanding dues/ dues, penalties, claims for damages (if any) under this Lease Deed or Lease Renewal Term (Term, if any) , separately to THE LESSOR, THE LESSOR or its nominee(s) / assign(s) shall refund all Security Deposits as mentioned above to THE LESSEE, without any interestinterest thereon. However, such refund is shall be subject to adjustment or deduction of dues with respect to the TDS (if any) and outstanding dues under this Lease Deed including Warm shell Rentdues, Maintenance Chargespenalties, Power Charges/ claims for damages (if any) under this Lease Deed or renewal thereof, if the above same are not paid by THE LESSEE. In case of any delay by THE LESSOR in refunding the Security Deposits to THE LESSEE as aforesaid, provided such delay is not attributable to THE LESSEE, THE LESSOR shall pay an interest of 15% per annum for the period of such delay.

Refund of Security Deposits. The Security Deposits, Deposits shall be the amounts kept with THE LESSOR against or its nominee(s) / assign(s) to secure the due performance of obligations and including payments of all dues by THE LESSEE under the Lease Deedthis Xxxxx Xxxx. THE LESSOR shall be entitled, at any time with intimation to THE LESSEEtime, to utilize and make deduction(s) from the Security Deposits, Deposits of an amountamount(s), which in the opinion of THE LESSOR, is/ is / are equivalent to the outstanding dues of THE LESSEE, LESSEE in accordance with the terms of this Lease Deed or for making good any loss or damage caused or permitted to be caused to THE LESSOR or Demised Premises by THE LESSEE. THE LESSEE shall be required to forthwith replenish the Security Deposits to the full amount upon any deduction(s) made by THE LESSOR under any provision of this Lease Deed. THE LESSOR shall provide to THE LESSEE the statement of the outstanding dues payable by THE LESSEE, if any, and other estimated charges payable under the this Lease Deed, supported with relevant documents, Fifteen five (1505) days prior to the expiry of the Lease Term/ Term / Lease Renewal Term (Term, if any) , and THE LESSEE undertakes to clear pay the aforesaid amounts not later than the date of expiry / earlier termination of this Lease Deed and provide the TDS certificates regarding the payments made to THE LESSOR within the permissible requisite time frame period as per provided under the income tax regulationsIncome Tax Act, 1961 and the rules framed thereunder. Simultaneous to the expiry/ Upon expiry / earlier termination of this Lease Deed and upon THE LESSEE surrendering peaceful, vacant and physical possession of the Demised Premises in as good condition as it was in at the time when THE LESSEE was handed over the Demised Premises for fit outs, interior fit-out works (reasonable wear and tear excepted), subject to THE LESSEE making payment of any and all outstanding dues/ dues, penalties, claims for damages (if any) under this Lease Deed or Lease Renewal Term (Term, if any) , separately to THE LESSOR, THE LESSOR or its nominee(s) / assign(s) shall refund all Security Deposits as mentioned above to THE LESSEE, without any interestinterest thereon. However, such refund is shall be subject to adjustment or deduction of dues with respect to the TDS (if any) and outstanding dues under this Lease Deed including Warm shell Rentdues, Maintenance Chargespenalties, Power Charges/ claims for damages (if any) under this Lease Deed or renewal thereof, if the above same are not paid by THE LESSEE. In case of any delay by THE LESSOR in refunding the Security Deposits to THE LESSEE as aforesaid, provided such delay is not attributable to THE LESSEE, THE LESSOR shall pay an interest of 15% per annum for the period of such delay.

Refund of Security Deposits. The Security Deposits, shall be the amounts kept with THE LESSOR against due performance of obligations and payments of all dues by THE LESSEE under the Lease Deed. THE LESSOR shall be entitled, at any time with intimation to THE LESSEE, to utilize and make deduction(s) from the Security Deposits, of an amount, which in the opinion of THE LESSOR, is/ are equivalent to the outstanding dues of THE LESSEE, or for making good any loss or damage caused or permitted to be caused to THE LESSOR or Demised Premises by THE LESSEE. THE LESSEE shall be required to forthwith replenish the Security Deposits to the full amount upon any deduction(s) made by THE LESSOR under any provision of this Lease Deed. THE LESSOR shall provide to THE LESSEE the statement of the outstanding dues payable by THE LESSEE, if any, and other estimated charges payable under the Lease Deed, supported with relevant documents, Fifteen ten (1510) days prior to the expiry of the Lease Term/ Lease Renewal Term (if any) and THE LESSEE undertakes to clear the aforesaid amounts and provide the TDS certificates regarding the payments made to THE LESSOR within on an immediate basis, but not later than the permissible time frame as per the income tax regulationsdate of expiry/ earlier termination of this Lease Deed. Simultaneous to the expiry/ earlier termination of this Lease Deed and upon THE LESSEE surrendering peaceful, vacant and physical possession of the Demised Premises in as good condition as it was in at the time when THE LESSEE was handed over the Demised Premises for fit outs, reasonable wear and tear excepted, subject to THE LESSEE making payment of any and all outstanding dues/ claims for damages (if any) under this Lease Deed or Lease Renewal Term (if any) separately to THE LESSOR, THE LESSOR shall refund all Security Deposits as mentioned above to THE LESSEE, without any interest. However, such refund is subject to adjustment or deduction of dues with respect to the TDS (if any) and outstanding dues under this Lease Deed including Warm shell Rent, Maintenance Charges, Power Charges/ dues/ claims for damages (if any) under this Lease Deed or renewal thereof, if the above are not paid by THE LESSEE. Any such adjustments or deductions should be notified in writing to THE LESSEE. In case of any delay by THE LESSOR in refunding the Security Deposits to THE LESSEE as aforesaid, provided such delay is not attributable to THE LESSEE, THE LESSOR shall pay an interest of 1518% per annum for the period of such delay.