Caution Money definition
Examples of Caution Money in a sentence
A charge will be made for removing and destroying them, which will be deducted from the Caution Money.
The maximum joint liability of M&M and FGVL for any claim arising hereunder (whether in tort or contract or otherwise) will only be limited to the Caution Money or any other amount received by M&M from the Registered Bidder under the terms of the Mahindra Thar Auction User Agreement.
An amount equivalent to and inclusive of the price towards the ex-showroom price of the vehicle, the registration fees, the insurance charges and any other local levies as decided by M&M will be retained by M&M along with the Caution Money paid by the winner of the auction (hereinafter referred to as the “Vehicle On-road price”) .
Only in the event of any change or amendment made by M&M to the terms and conditions appearing in the Mahindra Thar Auction User Agreement, the Registered Bidder shall have a right to withdraw his / her registration until the commencement of the Auction Window and shall be entitled to receive the Caution Money, without any deduction.
The refund of the Caution Money paid by the Registered Bidder will be initiated upon M&M receiving an e-mail to that effect from the registered Email ID of the Registered Bidder and the Caution Money so refunded will be refunded by the third-party payment gateway engaged by FGVL to the same source or bank account from where the payment had been received.
Your acceptance of the terms and conditions while paying the Caution Money by clicking on the tick box, confirms that that you have read and understood the terms and conditions related to the auction.
Refusal to complete the KYC requirements imposed by M&M within 5 days of the Notification will result in the winner of the auction forfeiting the Caution Money and any other amount so deposited by such person.
The Licensee must provide the Licensor with correct bank account and contact details for the return of the Caution Money (if any).
Any amount received in excess of the amount calculated by M&M towards the Caution Money, ex-showroom price of the vehicle, the registration fees, insurance charges, and any other local levies (hereinafter referred to as “Charity Money”) will be paid by the Winning Bidder directly to the charitable organization of his/her choosing (hereinafter referred to as the “Charitable Organization”)from the options given to the Winning Bidder by M&M.
I acknowledge that the College will refund amounts standing to the credit of the Commitment Bond and Caution Money in my account upon my final departure from College, subject to (1) my having given Due Notice of Departure, and (2) deduction for any amounts owing by me for fees, charges or damages.