Security Deposit for Corporation Taxes at the rate of Rs Sample Clauses

Security Deposit for Corporation Taxes at the rate of Rs. 250/- per square feet of Carpet Area of the said Office Unit shall be payable to the Second Party/Promoter on or before the Date of Possession. Such Security Deposit shall be used for payment/reimbursement of corporation taxes paid by the Second Party/Promoter on behalf of the Allottee. In the event of the actual amount of corporation taxes paid /reimbursed being less than the deposit amount, the excess amount shall be refunded to the Allottee by the Second Party/Promoter. If however, the actual amounts of corporation taxes paid/reimbursed are more than the deposit amount, then the deficit amount shall be paid by the Allottee to the Second Party/Promoter within 7 days of demand.
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Related to Security Deposit for Corporation Taxes at the rate of Rs

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