Draft definition
Examples of Draft in a sentence
Subject to the terms of the Agreement and the Promoter abiding by the construction milestones, the Allottee shall make all payments, on demand by the Promoter, within the stipulated time as mentioned in the Payment Plan through A/c Payee Cheque / Demand Draft or Online Payment (as applicable) in favour of ' ' payable at .
The performance security will be in the form of banker’s cheque crossed Demand Draft from a nationalized bank /On-Line transfer /individual / Permanent Bank Guarantee.
In the event the said Demand Draft is not tendered within 15 (Fifteen) days then the Developer shall be entitled to cancel the allotment, subject to provisions hereunder.
Further, the Developer shall intimate the Allottee of the dishonour of the cheque and the Allottee would be required to promptly tender a Demand Draft of the outstanding amounts including interest at the Applicable Interest Rate from the due date till the date of receipt by the Developer – I of all the amounts including the dishonour charges of Rs. 1000/- (Rupees One Thousand only) & applicable tax, (for each dishonour).
If at any time prior to the time that the draft Program is declared to be at final approval (as defined in the Rules of Procedure) a Participant shall become aware that either it, or one of its Related Parties, Owns a Necessary Claim or Claims that it is unwilling to License under RAND, (which shall not include any Necessary Claim or Claims under its own Contribution(s)), it shall identify such Necessary Claim(s), and the portion(s) of the Draft Software that would result in such infringement.