Common use of Release of Security Deposit Clause in Contracts

Release of Security Deposit. The Security Deposit shall remain in force and effect for the entire Concession Period. This Security Deposit shall be released upon the completion of entire Concession Period and/or the termination (payable only in the event of non-Concessionaire Default) date whichever is earlier. The Security Deposit shall be released subject to Maha-Metro’s right to receive or recover amounts if any due from Concessionaire under this Agreement. No interest shall be paid on the Security Deposit.

Release of Security Deposit. The Security Deposit shall remain in force and effect starting from the COD for the entire Concession Period. This Security Deposit shall be released upon the completion of entire Concession Period and/or the termination (payable only in the event of non-non- Concessionaire Default) date whichever is earlier. The Security Deposit shall be released subject to Maha-Metro’s right to receive or recover amounts if any due from Concessionaire under this Agreement. No interest shall be paid on the Security Deposit.

Release of Security Deposit. The Security Deposit shall remain in force and effect for the entire Concession Period. This Security Deposit shall be released upon the completion of entire Concession Period and/or the termination (payable only in the event of non-Concessionaire Default) date whichever is earlier. The Security Deposit shall be released at the end of Concession Period and shall be subject to Maha-Metro’s right to receive or recover amounts if any due from Concessionaire under this Agreement. No interest shall be paid on the Security Deposit.